Support Board
Date/Time: Sun, 24 Nov 2024 04:03:09 +0000
[User Discussion] - Countdown timer histogram
View Count: 1579
| [2013-09-26 18:24:43] |
| trademechanics - Posts: 29 |
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Is there an indicator that allow us to plot the time it takes each bar to complete as a histogram? Basically would be something similar to the Bar Duration on the Numbers Bars Calculated Values does but instead of plotting text it would plot a histogram like the attached image. This is very useful to pick up some divergences between time and price/volume action. A rallie showing 15k bars that are taking too long to fill indicates not much interest at those prices which might indicate that a pullback, initially, will search for new buyers capable of continuing the rallie. Date Time Of Last Edit: 2013-09-26 18:30:12
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 countdown timer_hist.png / V - Attached On 2013-09-26 18:24:38 UTC - Size: 17.74 KB - 585 views |
| [2013-09-26 19:07:18] |
| Marmany - Posts: 307 |
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There is a study Bar Time Duration which does exactly what you require
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| [2013-09-26 19:32:54] |
| trademechanics - Posts: 29 |
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Many thanks Marmany. It seems to suffer from the same problem that the Numbers Bars Calculated Values suffer which Sierra developement already said they have no interest in odd bar duration on the last bar of the day using the numbers bars calculated values study Although on the number bars the issue is not that important, when on a histogram, well, these spikes makes the study useless when we zoom out and show several days :( Date Time Of Last Edit: 2013-09-26 19:43:25
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| spikes.png / V - Attached On 2013-09-26 19:33:24 UTC - Size: 32.6 KB - 494 views |
| [2013-09-26 19:38:26] |
| M5amhan - Posts: 468 |
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yea, those spikes happen because the study is calculating from previous close to close instead of current open to current close
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| [2013-09-27 05:11:09] |
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We do plan to get to resolving this with the Bar Duration study as soon as we can. It is not simple. Working with time, these things get very complicated.
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| [2013-09-27 07:26:18] |
| trademechanics - Posts: 29 |
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Don't think I don't understand how hard mix non time based charts with time can be. I use another chart platform that has several problems with non time based charts because they did not take into consideration the time factor. Although being non time based charts, overall they do use time since markets have a specific time to open and to close. Functions needed to be written so studies can be build correctly, something they did not do. You guys on the other hand did a terrific job since so far, apart from this bar duration study, all time based studies I use work perfectly on non time based charts. I appreciate your interest in fixing this. Thanks. |
| [2013-09-27 16:17:11] |
| Marmany - Posts: 307 |
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For info I use Bar Time Duration on tick charts, printing bars in 45 +/- 30 sec. Set use Max duration = Yes, Max Duration = 00:02:00 gives a histogram which is not "damaged" by spikes and suits my purpose very well.
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