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Date/Time: Fri, 29 Nov 2024 04:28:45 +0000



Separate ask and bid vertical volume bars per candle?

View Count: 894

[2023-03-01 11:43:57]
J DIDDY - Posts: 133
Hi

Is it possible for the 'Volume' study to have separate (Vertical) ask and bid volumes bars 'PER' candle. I had an indicator like this prev on Tradestation and it was invaluable.

I tried to add 2 Volume studies to the same Chart Region and set one to ask vol and one to bid vol and then to offset one of them so that 'per each candle' on the chart I see underneath it BOTH the bid vol on the left and the ask vol on the right, but the displacement feature only moves the bars to the next candle along and not within the same candles spacing.

I know this info is in Numbers Bars Cal Vals, but it would be MUCH EASIER to see a 'quick look' visual representation of both values as vertical bars per candle at a glance.

Also sitting the 2 studies below each other doesn't work either as I need to see the bars side by side like a bar graph so its easy to determine strength at a quick glance.


Many thx
[2023-03-01 21:08:19]
John - SC Support - Posts: 36350
We do not have a study that will put the bars next to each other. But the Bid Volume and Ask Volume study shows the bars as up (Ask) and down (Bid) by default.

Another option would be to set the Input for Show Bid Volume as Positive, then set the width of the Ask Volume Subgraph to a larger width (like 10) and then set the width of the Bid Volume to just a bit wider than 1 (3 or 4). You will then see the Bid (in red, by default) within the Ask Bar (green by default).

Refer to the following for this study:
Bid Volume vs Ask Volume
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[2023-03-02 01:16:42]
J DIDDY - Posts: 133
Ok, that workaround will suffice for now.

Many thx
[2023-03-02 16:07:35]
J DIDDY - Posts: 133
Hi again Support,

An issue I just found after adding the 'Bid Volume x Ask Volume' and setting the 'Show Bid Volume as Positive' is that because the study is set to work up and downwards the 0 (Baseline) is set in the middle as opposed to the ground, so when a new bar forms it still acts as though its forming up and down candles and pushes/jerks the study data up and downwards from the 0 (mid point) even though the actual bars both form upwards from the mid point.

Is there anyway to set the 0 to the 'Ground' baseline rather than have it as the centre when the Input is 'Show Bid Volume as Positive', so that this jerky action does not happen?

As you can see its impossible to use accurately while trading especially short time frame bars.

I have posted a video so you can see the issue!

Thx
Private File
[2023-03-02 18:07:34]
J DIDDY - Posts: 133
I just tried the separate 'Bid vol' and Ask Vol' studies but they seem to do the same thing also.

Any solutions??
[2023-03-02 18:26:38]
J DIDDY - Posts: 133
I worked to out! Theres an option in the scale range to set the zero to the baseline!

Works perfect!

Thx

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