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Date/Time: Tue, 26 Nov 2024 10:49:56 +0000



Post From: Background color sharing in Numbers Bars Calculated Value

[2019-04-02 19:11:00]
User873570 - Posts: 27
I have been unsuccessful at applying volume filter parameters or using any of the proposed approaches above to overcome my challenge. There are huge volume bars on the 1-min ESM19 contract at 15:59pm every day. (This is the chart I was going to try to use as my reference for my numbers bar calculated values study.) I've been focusing on the occurrence on 4/1. I have to go down to an exclusion setting of trade sizes of <50 in the "Exclude >=" just to get the volume to start to move. Most of it still remains even at a setting of 20. Therefore, I cannot use the volume filtering setting to overcome the issue, because the issue is a massive number of transactions at 15:59 every day, it's not large trade sizes, per se.

Per https://www.sierrachart.com/index.php?page=doc/NumbersBars.php#CalculatedValuesBackgroundColoringLogic, I cannot simply adjust the threshold values as you suggested, because when my 1m chart bar high value is 65k volume, and almost every other bar is in the hundreds or small thousands, most bars come in between 0-2%. Even the largest normal intraday 1m bars max out around 10%, and there are a very small number of them in a normal day.


Next I tried changing the 1-min chart setting session times to exclude 15:58-16:01. That should be sufficient in theory, and that worked on the standalone chart, but then when I tell my numbers bar study on my main chart to reference that chart, it forces it back to using the full session definition.


I am out of ideas. Settings on the numbers bar calculated values to help with this would be great. For example:
-A lookback number of bars period (this would probably be the simplest - I would provide options at least for 'all bars in view on screen' and 'user-defined number of bars')
-Rules/Ranges around bar times or volumes to be excluded
-Alternative options as to what math is used to drive the colors of the statistics bars


I have been focused entirely on the 'Total volume' value for the moment. I am also using the Bid-Ask and Bid-Ask Change values but I have not dug into those yet, so not sure yet if I have specific requests around those, because I'm stuck on this core issue with respect to Volume.

Thank you for your ongoing support.