Support Board
Date/Time: Fri, 07 Feb 2025 16:53:09 +0000
Color Bar with threshold based on study
View Count: 91
| [2024-11-22 16:52:16] |
| User223281 - Posts: 58 |
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Hello, is there a way to calculate mean and outliers within an alert? For example: i am using color bar based on condition and using volume/sec from numbers bar calculated values. rather than setting a threshold for alert, is it possible to calculate a mean from X lookback and use this to identify outliers which the study would then color?
Date Time Of Last Edit: 2024-11-22 18:04:59
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| [2024-11-22 19:25:36] |
| John - SC Support - Posts: 37826 |
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There is not a way to do this directly within an Alert. You would have to calculate the mean and find the outliers using other tools. Then you can use that result with the "Color Bar Based on Alert Condition" to color the items you want. You may want to look at the "Relative Volume" study, as it gives a mean over a time period for a specific point in time each day, then gives the relative value of the current bar to that mean. You can base the Relative Volume study on another study, so it does not need to used with Volume. Refer to the following: Relative Volume Otherwise, there are a number of Moving Average studies or the Spreadsheet Study and lots of other ways to get what you are looking for. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
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