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Direct MessagesDate/Time: Sun, 19 May 2024 13:52:11 +0000
[User Discussion] - Study: Volume Bar Range Ratio - needs Calculate in Ticks option
View Count: 1134
| [2019-09-01 18:50:33] |
| User13668 - Posts: 291 |
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This study would seem to be more useful if it is a ratio of volume to tick (minimum tradeable point) for the given instrument. The Bar Difference study provides such an option (Calculate in Ticks) that is missing from this study. Example: Crude Oil (CL). A bar has a high of 55.17 and a low of 55.03 giving a tick difference of 14 ticks (00.14). The volume for this bar is 7588 contracts. The Volume Bar Range Ratio study is giving an answer of 54200 ie it is saying that for every 1.00 movement in CL 54200 contracts are traded. But 1.00 is 100 ticks on the CL. No one would think of this as being the logical ratio answer. I more sensible ratio is 542 (contracts) being 7588 (volume) / 14 (tick range). |
| [2019-09-01 22:52:53] |
| User907968 - Posts: 804 |
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Study attached that does what you are asking.
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 VolumeRangeRatio_64.dll - Attached On 2019-09-01 22:47:25 UTC - Size: 825.5 KB - 281 views VolumeRangeRatio.cpp - Attached On 2019-09-01 22:47:35 UTC - Size: 1.11 KB - 270 views |
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