Support Board
Date/Time: Fri, 27 Dec 2024 16:37:20 +0000
numbers bars with volume profile background
View Count: 1718
| [2016-04-01 20:16:59] |
| User12089 - Posts: 361 |
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the volume profile background of numbers bars doesn't not display correct coloring when using the diagonal delta coloring method - it seems to be more like "horizontal" delta. The numbers bars text/numbers does display the correct coloring for diagonal delta though
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| [2016-04-01 21:08:35] |
| Al SC Developer - Posts: 434 |
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This combination does not make sense, because at each level both sides could be dominant and only one color is used for a volume profile. The color is correct when only one side is dominant, and when both are you will get the ask coloring.
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| [2016-04-02 10:33:58] |
| User12089 - Posts: 361 |
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I don't agree that such combination doesn't make sense - you just paint the same horizontal/price level bar in the volume profile as the colored text at the corresponding price level on the numbers bars - it is just a coloring my friend - and somebody who is both a trader and programmer I am telling you this is a) possible b) it is useful (for real traders not necessarily software developers) - I am both btw a trader and software developer besides (ie as proof of the above) the Volume Profile Outline type of background seems to function correctly inline with the expectation for Diagonal Delta coloring It is just the Volume Profile type which doesnt |
| [2016-04-02 12:22:30] |
| Al SC Developer - Posts: 434 |
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You may not have understood the issue. When using diagonal compares, both the bid and ask sides can both be dominant because three price levels are involved (bid vs higher ask and ask vs lower bid). You can see this if you turn on background coloring on dominant side (you will see times when the bid & ask boxes at the same price level are both colored). These price levels are the problem because there are now two colors to use, but we only have a single object (volume profile) to color. The same issue is present when doing volume profile outline, but in this case the ask color is used by default when both sides are dominant, which may have fooled you into thinking it was working, when in reality you lost the bid dominant tagging. So if both sides are dominant, which color should be used? There is currently no defined behavior for selecting between the two colors. It likely makes sense to choose the "more" dominant side, but inevitably someone will want something else. We will be updating doc to explain this. Date Time Of Last Edit: 2016-04-02 12:38:51
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| [2016-04-06 22:14:28] |
| Al SC Developer - Posts: 434 |
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In the next version, we have changed the behavior to use the more dominant side to select the color in the case that both bid and ask are dominant at the same level.
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| [2016-04-15 20:02:12] |
| User12089 - Posts: 361 |
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Re "So if both sides are dominant, which color should be used? There is currently no defined behavior for selecting between the two colors. It likely makes sense to choose the "more" dominant side, but inevitably someone will want something else." Here is a simple practical trader view / take: in such cases you color each volume profile half in red half in green OR use a third color type the traders will understand that based on the diagonal coloring convention these are related to differen bid/ask levels above and below the current volume profile bar - as simple as that and it will convey all required information to the trader |
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