Support Board
Date/Time: Wed, 08 Jan 2025 17:28:50 +0000
Calculation of the bin number of volume by price
View Count: 652
| [2016-07-20 19:38:40] |
| User381102 - Posts: 7 |
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Hello, may I ask how the number of bins of volume by price is calculated (formula)? Is it like: bins = ceil( (high of period - low of period) / ticks per bar ) + 1 Thank you! |
| [2016-07-20 22:10:19] |
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We do not understand the question.
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 |
| [2016-07-20 22:20:22] |
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OK we understand. We just were confused by the term bins. If you are talking about the number of horizontal volume bars, that generally is correct but not so certain about the ceiling function.
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 |
| [2016-07-20 23:18:59] |
| User381102 - Posts: 7 |
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Thanks. Yes, I was referring to calculating number of horizontal volume bars. By ceiling I'm referring to rounding to lowest integer that is greater than a number e.g. ceil( 7.3 ) would result to 8. So in your case it is just bins = (high of period - low of period) / ticks per bar + 1 without rounding? |
| [2016-07-21 05:22:15] |
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We cannot answer this question because this is not how Sierra Chart is doing the calculation. Generally that does seem to make sense, but this is the relevant documentation: https://www.sierrachart.com/index.php?page=doc/doc_VolumeByPrice.php#TicksperVolumeBar 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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