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[Programming Help] - NBs Background Coloring

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[2019-08-04 14:18:02] #1 [Go To First Post]
nicktrader - Posts: 734
I am about to change my method from volume based on "Based Dominant Side AskVol to BidVol Percentage". From my point of view, the result is displayed wrong(see #1) My values are: 25%, 40% and 60% (see settings #3) To get the correct representation, I have displayed the values in Excel (#2). Is it possible that the values are calculated wrong or is it me? Furthermore, I noticed that zero values are calculated. From my point of view in this case you should always use Range 0 colors. (version: 1968) Pls see pic. Many txs.


NB Color Background.png / V - Attached On 2019-08-04 14:16:30 UTC - Size: 163.08 KB - 255 views

[2019-08-04 18:01:35] #2 [Go To First Post]
User907968 - Posts: 825
Your calculation method in excel is not consistent with the documentation, see link - Numbers Bars: Background Coloring Based on Dominant AskVol BidVol To Volume At Price Percentage It does not make sense to use values less than 1 (100%), as based on how the study is calculated (percent relative to each other), the dominant side (if there is one) will always have a value greater than 1 (100%), as to be dominant it must be greater than 100% of the non-dominant side. e.g. Bid = 100 Ask = 200 Bid % = Bid / Ask Ask % = Ask / Bid Bid % = 0.5 (50%) Ask % = 2.0 (200%) Hope this helps. Date Time Of Last Edit: 2019-08-04 18:01:50

[2019-08-05 04:23:08] #3 [Go To First Post]
nicktrader - Posts: 734
I am absolutly with you. The (-) solutions are only as a helping hand to see the different between "blue" and "red". In all cases Bid>Ask I set x(-1) only.

[2019-08-06 04:13:25] #4 [Go To First Post]
nicktrader - Posts: 734
Any idea?

[2019-08-06 07:07:12] #5 [Go To First Post]
User907968 - Posts: 825
Sorry, it seems that somehow I posted a link to the wrong NB setting..... I meant to link this one - Numbers Bars: Background Coloring Based on Dominant Side AskVol BidVol Percentage Maybe it makes better sense with the correct documentation? Negative numbers in your spreadsheet are not what I was referring to, it was numbers with an absolute value less than 1 (100%). In your SC screen shot, Range 3 coloring is always applied to the dominant side. This is because the dominant is always more than 100% of non-dominant side. I don't know what exactly you want to see in the NBs, but suggest you try 1.25, 1.4, 1.6 and see what the result is.

[2019-08-06 08:26:07] #6 [Go To First Post]
nicktrader - Posts: 734
@ User907968 Now I got it :-)) I see the (my) problem. At the moment I am using "Based on AskVolBidVolDfference - Actual". It works fine. However I use a QuoteBoard too. In this case absolute numbers are not useful - the better way are relative numbers. Ihave to test it (if it works in connection with a QuoteBoard). Now I know my error of thought and I will take it into my considerations. Many thank.

[2019-08-06 08:49:55] #7 [Go To First Post]
nicktrader - Posts: 734
@ User907968 See pic. To test it under real conditions I opened a second Column.


NBs two Columns.png / V - Attached On 2019-08-06 08:47:29 UTC - Size: 140.68 KB - 234 views

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