Support Board

Percentage Threshold: This sets the percentage threshold when the Comparison Method Input is set to Ask Volume Bid Volume Ratio or Ask Volume Bid Volume Diagonal Ratio. 1 equals 1%. 100 equals 100%.

When this Input is set to a positive value, only those ratios in which the Ask Volume is dominant (the Ask Volume is greater than or equal to the Bid Volume) that meet or exceed the Percentage Threshold Input will provide an indication and generate an alert.

When this Input is set to a negative value, only those ratios in which the Bid Volume is dominant (the Bid Volume is greater than the Ask Volume) that meet or exceed the Input will provide an indication and generate an alert.

Example: When using Ask Volume Bid Volume Ratio, Ask Volume is 100 and Bid Volume is 50. The ratio is 2. This is going to be equivalent to 200%. To get an alert in this case, you would set the Percentage Threshold Input to 200.

To get visual indications and an alert when either the Ask side is dominant and meets the Percentage Threshold, or the Bid side is dominant and meets the Percentage Threshold, you need to add two instances of the Volume at Price Threshold Alert V2 study and use a positive Percentage Threshold Input with one instance of the study and a negative Percentage Threshold Input with the other instance of the study.