Support Board
Date/Time: Sat, 11 Jan 2025 19:55:35 +0000
Is it possible to create a new type of volume high/low indicator?
View Count: 839
| [2017-01-07 00:05:33] |
| User947126 - Posts: 14 |
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Hi, I'm interested in finding unusually high or low individual volume bars. The problem with that, though, is volume changes throughout the day--it's very high at the beginning and end of the day session and relatively low during the middle part of the day. So, looking for the highest or lowest volume bar over x number of bars within an individual day is just not very informative. So, is it possible to create an indicator that looks at volume at the exact same time of the day over x number of days? For example, how does volume at 1:30pm today compare to volume during that same minute over each of the last 10 days? That is much more informative because you'd truly be comparing apples to apples. It would also apply to other data like bid/ask volume difference or tick, so maybe just a generic indicator that measures the high or low of anything at a certain time of day over x number of days would be the best way to go. So, is that doable? Thanks |
| [2017-01-07 15:48:56] |
| StevieD - Posts: 39 |
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The Relative Volume Study can do exactly what you describe.
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| [2017-01-08 19:39:02] |
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Yes, have a look at the Relative Volume study: https://www.sierrachart.com/index.php?page=doc/TechnicalStudiesReference.html#s356 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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