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Date/Time: Sun, 22 Dec 2024 11:05:53 +0000



[User Discussion] - Volume by Price Addition

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[2015-01-30 02:20:00]
User60365 - Posts: 14
Hello, I know the question has been asked beofer, but here it is again....

Would it be possible to have the VbP study modified so that the profile can be colored based off the percent of POC each price level is? This is called heat mode in most other platforms such as Ninja. Even just the ability to select 4 or 5 colors that the VbP levels gets colored depending on the percent of POC would be a start. (This can be done using numbers bars combined with VbP, but that is clunky and eliminates the visible bars capability of the VbP study.)
If this is not something planned, would the code be able to be made available so that some custom programmer could modify the current study to incorporate this without trying to reinvent all the code behind just calculating the VpP data?
imageHeat Mode.jpg / V - Attached On 2015-01-30 02:19:28 UTC - Size: 62.17 KB - 589 views
[2015-01-30 07:51:41]
Sierra Chart Engineering - Posts: 104368
This is good timing. We are working on this study now and we will add this capability. Should be out next week.

This is also we think the first time we had a clear explanation of how this should work.
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
[2015-01-30 13:25:05]
User60365 - Posts: 14
Wow...that would be awesome if it is available next week! I am more than willing to assist with explanations or screen captures for the developing of this!! Feel free to drop me an email.
[2015-01-30 13:56:24]
User60365 - Posts: 14
While they are at it, it would also be a nice feature if there was a way to resize the profile (Maximum Volume Bar Width Percentage) via a shorcut such as the + or - key on the keyboard....would be a cool feature as well. Sometimes you just want to "zoom" in or out and opening the Studies setting, selecting indicator, selecting Max Width is time consuming in a fast market.
[2015-01-30 14:12:55]
infpz - Posts: 826
great development, looking forward to testing it out
[2015-02-04 05:05:06]
User60365 - Posts: 14
So just downloaded the pre-release that has a version with the heat mode....looking good! Will have to figure out if having the ability to select different colors for each 20% range is best...need some screen time with it to get a feel. Past heat mode profiles I have used all just use a color gradient that goes from orange to blue as you move from POC down....

One thing I did notice is that you have to be quite zoomed in to get the color profile...zoom out too far too far on the price scale and the profile reverts to a grey scale.

Great work so far though!!
[2015-02-04 08:18:02]
Sierra Chart Engineering - Posts: 104368
We can remove the gray outline.
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
[2015-02-04 13:48:36]
User60365 - Posts: 14
Awesome...will continue to check out the new features. May have to try and introduce some kind of smoothing algorithm. I have been playing with the number of ticks per price as well. Feel free to email me directly regarding smoothing or features as well.
[2015-02-06 00:44:56]
Trader Ra - Posts: 87
This is awesome! Been waiting for this for ages..

I second removing of the gray outlines.. basically kills the point of the heat map when zoomed out.. also maybe consider splitting up the percentages even more to give the profile a more smoothed out look. ie. make increments of 10% difference instead of current 20% ..

0-10% COLOR
10-20% COLOR
20-30% ...
[2015-02-06 02:03:10]
User60365 - Posts: 14
The issue I see with splitting the percentages up more is I think it just gets too colorful and confusing...I believe the heat mode profile in Ninja Trader is based off going from Orange to yellow to green to blue based of a color gradient that get changes depending on the percent of POC volume. An example is that on NT the lowest percent POC volume is blue and goes from a dim blue at say the 20% level to a deep blue the closer it gets to 0%.....versus the SC one keeping all 0-20% the same color depth.
[2015-02-06 02:12:58]
Trader Ra - Posts: 87
I disagree. It will only get colorful and confusing if you use bad color combinations. There are many ways of building / designing color schemes using palettes or gradients to give you the 'right' effect. Besides, SC allows you to choose whatever color you want. Secondly, it will be useful for those of us who want to smooth it out (using good color schemes). And lastly, if you want to keep to the 0-20%, simply select the same color for 0-10 and 10-20 etc. Having the option to smooth it out wont affect you with that simple solution. :)
Date Time Of Last Edit: 2015-02-06 02:13:54
[2015-02-06 02:47:33]
User60365 - Posts: 14
Raaa, interesting. Will be honest that I have never played with gradients...have not even looked into how. Smoothing is what I am interested in for sure. Would you be willing to take the time to show an example of the method you would incorporate?
[2015-02-06 17:19:39]
Sierra Chart Engineering - Posts: 104368
We can easily add more colors and percentages. We could go from 5 to 10.

In the next release the outline will be removed.
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
[2015-02-06 18:40:49]
Trader Ra - Posts: 87
We can easily add more colors and percentages. We could go from 5 to 10.

Even better :)

I have another suggestion.. currently there is only the one option to display Total Volume on the profile which also displays the Ask-Bid total beside it. Can SC perhaps expand on that to include multiple other options via a drop down list where users can select what they want displayed instead of the default only option of Total Volume Ask-Bid..

Example of drop down list choices (some may prefer a combination of these so being able to choose multiple options may be good idea) :
- Total Volume
- Total Volume & Ask-Bid
- High & Low (with high displayed on top and low displayed at bottom of profile)
- Start & End Date

can expand on these basics...
[2015-02-06 18:47:09]
Trader Ra - Posts: 87
Raaa, interesting. Will be honest that I have never played with gradients...have not even looked into how. Smoothing is what I am interested in for sure. Would you be willing to take the time to show an example of the method you would incorporate?

perhaps.. you have to remember everyone has diff likes and dislikes when it comes to what is visually appealing. What looks good to me may not look good to anyone else and vice versa which makes SC so great because its highly customisable. For eg. Most people are familiar with the red/green standard color scheme of chart bars however some parts of the world are color blind to them.. or use them inversely (red for up and green for down).. beauty truly is in the eye of the beholder :)
[2015-02-07 04:58:35]
User60365 - Posts: 14
Raaa,

You are correct on the color scheme...I suffer from color blindness on red/green and most of my charts are grey scale. The only one that is not grey scale is the profile that I have in the heat mode. I was just interested in what your technique was with the colors and gradients as I have never played much with colors and never gradients and felt it would be good to see how someone laid it out and then I could modify from there. Sometimes it is just easier to learn when you see how someone more in the know has accomplished it. No worries if you have other things on the go or are not up to posting some settings, thanks for all the input on this thread, you have some very great thoughts on how to improve the study!!
[2015-02-08 03:20:39]
Trader Ra - Posts: 87
ill try some stuff out after SC releases the new version and post some screenshots then.. i have no problem sharing settings.. its nothing proprietary and doesnt bother me.. :)
[2015-02-08 15:44:08]
User60365 - Posts: 14
Raaa,

That would be awesome! Look forward to it and thanks! Was just not sure, some people do take their layout pretty serious and confidential.....Hope the weekend has been great.

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