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Date/Time: Fri, 27 Dec 2024 14:45:21 +0000



Volume by Price

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[2016-01-05 14:12:59]
Kefir - Posts: 34
Hello,

I have created VbP study on 30min time frame of SPY. When I duplicated that chart and set the time frame to daily I experienced that Point of Control for the whole day is charted on a totally different level than showing on 30min time frame. Volume of POC is also much bigger.
Is there some explanation?
Can I overlay POC from 30min bar on the daily chart?

Kind regards
ra
[2016-01-06 06:14:40]
Sierra Chart Engineering - Posts: 104368
You will get completely different results when using the Volume by Price study on a Intraday chart and a Historical Daily chart.

You need to use Intraday data only:
https://www.sierrachart.com/index.php?page=doc/doc_SessionTimes.php#CreatingDailyBarsCustomSessionTimes

Yes you can do the Point of Control overlay. This can be done with the Study/Price Overlay study. Refer to the documentation for this study.
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
[2016-01-06 14:20:17]
Kefir - Posts: 34
Hello,
can you please explain why I get different Point of Control for the day session when using 30min timeframe and daily timeframe? There is for the whole day only one price level on which was the most volume traded.

Can you please explain how to overlay only Point of Control from the 30min chart? The furthest I got is to select in the Study/Price Overlay the 30min chart and the study ID (but nothing is displayed on the daily chart anyway) but I don't know where to select sg.2 in the Study/Price Overlay study.

Kind regards
ra
[2016-01-07 10:44:32]
Sierra Chart Engineering - Posts: 104368
This is documented here:
https://www.sierrachart.com/index.php?page=doc/doc_VolumeByPrice.php#HowVolumeAtPriceCalculatedForDailyCharts

For the overlay it is best to use the Volume Value Area Lines study:
https://www.sierrachart.com/index.php?page=doc/doc_TechnicalStudiesReference.html#s209

Once that is set up on a 30 minute chart, use the Study/Price Overlay study which is documented here:
https://www.sierrachart.com/index.php?page=doc/doc_StudyPriceOverlayStudy.php

Here is an example:
http://www.sierrachart.com/image.php?l=1452163355117.png


The Chartbook for this is attached.
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
attachmentVolumePOCOverlayToDaily.cht - Attached On 2016-01-07 10:44:25 UTC - Size: 59.05 KB - 381 views

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