Support Board
Date/Time: Wed, 15 Jan 2025 15:19:21 +0000
Diagonal Difference of Bid and Ask Volume Coloring?
View Count: 2968
| [2017-07-25 05:13:03] |
| User839162 - Posts: 87 |
|
Can anyone explain the logic behind this? In the attached image I have an arrow pointing to a 5 minute Volume Profile price using the Diagonal Difference of Bid and Ask Volume Coloring. It's comparing diagonally - 124 sell orders vs 108 buy orders. Shouldn't the color on one of these price levels be red if that is correct? I'm assuming I'm not interpreting this correctly since there are several instances where the coloring should be different. A simple explanation on how this is calculated would be appreciated. Thanks |
Attachment Deleted.  Diagonal_Difference.png / V - Attached On 2017-07-25 05:12:14 UTC - Size: 163.38 KB - 544 views |
| [2017-07-25 09:38:06] |
| User884307 - Posts: 173 |
|
It depend if you are using the actual volume threshold or percentage threshold of which you then have to enter these further down :-)
|
| [2017-07-25 13:06:58] |
| User839162 - Posts: 87 |
|
@User884307 - Those options are not available for the Volume By Price study. This is not the Number Bars study.
|
| [2017-07-25 13:14:23] |
| user8888 - Posts: 159 |
|
I might be mistaken, just learning as well, but aren't you missing the dominance at that Price of the 50 x 277 comparison? ... hence the green Date Time Of Last Edit: 2017-07-25 14:15:58
|
| [2017-07-25 14:39:15] |
| |
|
We will document this. It is displaying the color of the more dominant difference. Which is 277(ask) -50(bid).
Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2017-07-25 14:41:22
|
| [2017-07-25 17:02:41] |
| User839162 - Posts: 87 |
|
Thanks for adding documentation, but I'm not referring to the 277 vs 50. I'm referring to the 124 vs 108. Shouldn't that produce a red color?
|
| [2017-07-25 17:10:38] |
| |
|
No, because only one color shown at each price level. Each price level has two comparisons. Only the color for the most dominant difference based on an absolute volume difference, is displayed. Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2017-07-25 17:11:20
|
| [2017-07-25 17:47:37] |
| User839162 - Posts: 87 |
|
Okay, that makes sense and is what I was looking for. Thanks for clearing that up for me.
|
To post a message in this thread, you need to log in with your Sierra Chart account: