Support Board
Date/Time: Wed, 19 Mar 2025 08:04:34 +0000
Post From: Delta of dominant ask and bid price levels
| [2022-10-12 21:00:23] |
| John - SC Support - Posts: 38782 |
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You could do this using the Volume at Price Threshold Alert V2. You will need two copies of this study. In the first copy you will be checking for Ask Dominance, Set the following Inputs: - Comparison Method: Ask Volume Bid Volume Difference (or Ask Volume Bid Volume Diagonal Difference, if you want Diagonal Comparisons) - Volume Threshold: 1 In the second copy you will be checking for the Bid Dominance. Set the following Inputs: - Comparison Method: Same as first copy - Volume Threshold: -1 If you want to see markers for both instances, then you will want to change the position and coloring of the subgraphs. You can then use Subgraph 59 from the Volume at Price Threshold Alert V2 study which gives you the count of the alerts that have been triggered. The simplest way to get the difference information is to use the Spreadsheet Formula, but you can also use the Study Subgraphs Subtract. For the Spreadsheet Formula, you would enter the following formula: = IDx.SG59 - IDy.SG59 Where x is the ID number of the first Volume at Price Threshold Alert V2 study and y is the ID number of the second Volume at Price Threshold Alert V2 study. What you do with the information is up to you. If you want to display the number above or below each bar, then use the Study Subgraph Above/Below Bar as Text. Refer to the following links for more information on each item: Spreadsheet Formula Study/Chart Alerts And Scanning: Referencing Other Studies on the Chart Study Subgraph Above/Below Bar as Text For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |