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Date/Time: Wed, 27 Nov 2024 18:45:48 +0000



Marking volume bar by percentile

View Count: 299

[2023-07-08 18:21:53]
User392433 - Posts: 42
Hi,
I am looking for a study that can do what the numbers bar calculated values study does, which is color code the volume box based on what percentile the volume for that bar is, but do it on a regular chart or on the volume study. So, if bar A has volume that is greater than or equal to 75% of all bars loaded in chart then it will be colored or marked in some way.
[2023-07-10 09:07:09]
Sierra_Chart Engineering - Posts: 17198
Have a look at this study:
Relative Volume
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[2023-07-10 15:22:35]
User392433 - Posts: 42
If others had similar questions:
While relative volume does not let you specify percentiles, It does have a high threshold which can mark volume that is greater than some multiple of the average volume. It is a decent proxy for it.

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