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Date/Time: Mon, 25 Nov 2024 02:57:13 +0000



Post From: TPO calculation and some improvements

[2024-04-10 08:35:03]
MarcOh - Posts: 163
Hi,

First of all, let me say again how glad I am that I switched to sierra chart back then in 2019.
To the newer customers:
There is no other, better software solution- trust me. Ive tried every single trading software on this planet.

Nevertheless, I have a few important points regarding the "TPO profile" study that I would like to address once again
Please take the time to do so without fobbing me off with one sentence.

Biggest key point:

1. Price increment:
Why does the price change if I use 1 TPO for 8 ticks? In comparison: If I leave it at 1 tick for 1 TPO, the POC is "correct" (I know how much you value the question "what is correct" and therefore say: Correct compared to other TPO/ options trader. )
Please take a look at the attached file.

2. a few suggestions for improvement that should make sense for any professional "market generated information" retailer:

2.1 Value area drawing style: transparent boxes, or rectangles.
2.2 VbP study profile before the TPO profile aligned to the left
2.3 alert integration for the VbP volume text treshold
2.4 auto opening tails, buying/selling tails until future intersection (in style of the recently added option "draw singles as rectangle")
2.5 missing another draw style for the "initial balance range", at least the thickness of the line


What do you think? Thank you very much for your attention, your time.
imageprice increment 1.png / V - Attached On 2024-04-10 08:23:32 UTC - Size: 922.46 KB - 69 views
imageprice increment 2.png / V - Attached On 2024-04-10 08:23:38 UTC - Size: 375.83 KB - 67 views
imagesierraimprov.png / V - Attached On 2024-04-10 08:31:13 UTC - Size: 1.15 MB - 57 views