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Date/Time: Wed, 27 Nov 2024 20:51:53 +0000



Colour bar study based on average trade size. Any help?

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[2014-10-04 11:51:17]
User96105 - Posts: 113
Sierra support can't help me with this one ~ does anyone have any ideas?

I’d like to be able to colour the bars to show small orders, where the average trade size within that bar is, say, less than 5 contracts, and then a different colour to show "professional" activity where the average trade size is, say, more than 15 contracts. But I think this is only going to be useful if we combine orders with the same time and price (as per the Time & Sales window).

Any thoughts how to achieve something along these lines?


Thanks
[2014-10-06 20:27:45]
Sierra Chart Engineering - Posts: 104368
This method of analysis is flawed and explained here:
http://www.sierrachart.com/index.php?page=doc/doc_ChartDataFiles.html#LargeVolumeTrades


You will never reliably detect "professional activity".
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service:
Sierra Chart Teton Futures Order Routing

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