Support Board
Date/Time: Sat, 30 Nov 2024 07:40:01 +0000
Post From: Large Volume Trade Indicator
| [2021-03-24 19:35:20] |
| John - SC Support - Posts: 36350 |
|
First, refer to the following for the definition of a Bid Trade and an Ask Trade within Sierra Chart: https://www.sierrachart.com/index.php?page=doc/NumbersBars.php#BidTrade The Large Volume Trade Indicator works the same as the Numbers Bars, in terms of the trade being a Bid Trade or an Ask Trade. It is only dealing with actual trades that occur on the market. Here is what happens using a Draw Mode of Based On Total Volume Above Threshold for example: - Each trade that is larger than the Threshold setting is added together at the price point and displayed at that price. - The total volume of the trades at the Bid are added together and the total volume of trades at the Ask are added together (per the definitions given in the above). - A comparison is made of the total volume of Bid trades and the total volume of Ask trades. - If the total volume of Ask trades is greater than or equal to the total volume of Bid trades, then it is considered Ask dominant and is colored per the Ask coloring Inputs. - If the total volume of Ask trades is less than the total volume of Bid trades, then it is considered Bid dominant and is colored per the Bid coloring Inputs. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |