Support Board
Date/Time: Sun, 24 Nov 2024 07:17:52 +0000
Post From: Time Point of Control for Bars
| [2024-10-30 00:02:04] |
| John - SC Support - Posts: 36238 |
|
The point is, how do you know how much time is being spent at a particular price. Each trade defines the price at which the market is at. A trade itself is instantaneous. So it sounds like you would assume the price stays at a particular position based on how long it is until the next trade. But this implies that the longer the time is spent at a particular price means either A) There are a lot of trades at that price (the point we were making above) or B) there is not much trading occurring, and the fact that the price stayed at a particular price level really has nothing to do with anything. Anyway, we find this an interesting topic, hence the reason we are giving our thoughts, but it is really up to you as to how you want to handle this. As mentioned previously, you would need to look at each trade that makes up the bar and determine how you want to handle the times. You would need to create a custom study to do this. Refer to the following: How to Build an Advanced Custom Study from Source Code For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |