Support Board
Date/Time: Sun, 24 Nov 2024 10:47:52 +0000
does anyone have this study for the trade dom?
View Count: 1997
| [2013-10-18 13:14:46] |
| Frontrunner - Posts: 20 |
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does anyone have this study for the trade dom? http://screencast.com/t/gTlNoyh45sLy this is a great dom with vital bid/ask volumes thanks |
| [2013-10-18 17:35:48] |
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That Trade DOM contains a Volume by Price study. Here are the instructions for this: http://www.sierrachart.com/index.php?l=doc/doc_ChartTrading.html#TradeDOMVolumeProfile 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 |
| [2013-10-21 18:05:09] |
| Frontrunner - Posts: 20 |
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thanks for the link. I set up and it seems my settings may be reversed??......Is this set up properly? please see screencast http://screencast.com/t/V5xQyxzqr |
| [2013-10-21 21:27:08] |
| User14266 - Posts: 225 |
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Frontrunner, No, it is not reversed. It is working correctly. That is the normal way that Bid/Ask volume is displayed on any platform, not just Sierra Chart. It takes getting used to when you first start watching it, but it's completely normal. There are other ways to display the Bid/Ask data if that isn't working well for you. Go the the VbP study settings, and under "Display Volume in Bars" setting you can choose different ways of looking at that data. Play around with it. I personally prefer the "Bid Volume - Ask Volume". Hope this helps. |
| [2013-10-21 23:49:14] |
| Frontrunner - Posts: 20 |
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Thanks User14266 for your help. I have adjusted the setting to the "Bid Volume-Ask Volume " setting to gauge how to read this. Would it be a correct statement with regards to today's ES price at 1739.00 ...(see screenshot) to read this as: there were -7728 ask volume coming in and therefore more buying pressure than selling?....any comments would be appreciated in advance http://screencast.com/t/l4ZiIbp2 Date Time Of Last Edit: 2013-10-21 23:50:10
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| [2013-10-22 00:08:12] |
| User14266 - Posts: 225 |
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As you know.....Bid volume moves price down, and Ask volume moves price up. So yes, you are correct in your statement. I did make a mistake in my earlier post. I meant to say that my personal preference is "Ask Volume - Bid Volume" instead of the other way around. This setting, for me, allows me to quickly make visual sense of the data. A negative number equates to more selling pressure, and positive number more buying pressure. |
| [2013-10-22 01:12:46] |
| Frontrunner - Posts: 20 |
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yes that make more sense ..........thanks again :)
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