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Technical Studies Reference


Ask Volume Bid Volume Difference Text

This study displays the difference between the Ask Volume and the Bid Volume for each chart bar. The value of this difference at Index \(t\) is denoted as \(V^{(ask)}_t - V^{(bid)}_t\), and it is displayed on the chart as text.

The text is displayed either above or below each bar, depending on the setting of the Display Location Input. Let the Offset in Ticks Input be denoted as \(k\), and let the Tick Size be denoted as \(s\). Then the location of the text containing the value of \(V^{(ask)}_t - V^{(bid)}_t\) is determined as follows.

  • If Display Location is set to Top of Bar, then the text is displayed at \(H_t + k \cdot s\), where \(H_t\) is the High Price at Index \(t\).
  • If Display Location is set to Bottom of Bar, then the text is displayed at \(L_t - k \cdot s\), where \(L_t\) is the Low Price at Index \(t\).

The coloring of the text is controlled by the Subgraph Primary and Secondary colors. For more information, refer to Studies >> Subgraphs Tab >> Color.

Depending upon the Data or Trading service you are using, you may not receive historical Ask Volume when historical data is downloaded from the service. Not all services will provide this.

Inputs

  • Display Location: This sets the location of the text to be displayed. The following options are available:
    • Top of Bar: This displays the Ask Volume Bid Volume Difference Text at the top of each bar.
    • Bottom of Bar: This displays the Ask Volume Bid Volume Difference Text at the bottom of each bar.
  • Offset in Ticks: This sets the distance from the top or bottom of the bar for the display of the text. The distance is stated in Ticks as defined for the chart in the Tick Size setting.

Spreadsheet

The spreadsheet below contains the formulas for this study in Spreadsheet format. Save this Spreadsheet to the Data Files Folder.

Open it through File >> Open Spreadsheet.

Ask_Volume_Bid_Volume_Difference_Text.410.scss


*Last modified Thursday, 05th September, 2019.