Support Board
Date/Time: Tue, 26 Nov 2024 14:23:40 +0000
Volume at Price Threshold Alert V2 how do I use this as ratio AND absolute delta
View Count: 455
| [2023-11-03 15:03:09] |
| User392433 - Posts: 42 |
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I want to use this study's ratio between ask and bid volume and as an added condition, also use the actual ask - bid volume difference as a requirement in order to trigger. Right now, you can do one or the other, but not both. How do I implement this? Thanks |
| [2023-11-03 15:53:44] |
| John - SC Support - Posts: 36286 |
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You can not do both within the "Volume at Price Threshold Alert V2". But, if you want to get an alert when both situations occur, then you would do the following: - Setup your "Volume at Price Threshold Alert V2" for the ratio setup. - On the Alerts tab for the "Volume at Price Threshold Alert V2" you would enter an alert that looks like the following: =IF(AND(ID1.SG1, AVAP(ID1.SG1, 0) - BVAP(ID1.SG1, 0) > 5), ID1.SG1, IF(AND(ID1.SG2, AVAP(ID1.SG2, 0) - BVAP(ID1.SG2, 0) > 5), ID1.SG2, 0)) You would have to expand this out for additional levels depending on how many you want to check and also adjust the Ask - Bid to be the formula you want. Also, in the above, it is returning the value of the level at which this occurs, so you can mark the level, if you want. Also, note that this is only going to give the first level at which this occurs. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2023-11-16 03:23:47] |
| jivetrader - Posts: 410 |
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This doesn't achieve the desired result or power of a volume-at-price filter, maintaining the drawing of imbalances at levels. This is definitely a missing piece of a fundamental requirement for order flow traders and is a feature of orderflows.com and other software. This would be a welcome addition to SierraChart. Please consider, thank you
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| [2023-11-16 04:23:12] |
| User392433 - Posts: 42 |
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Yeah, I ended up finding a study from twofox trading that is also free. Used that instead.
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