Support Board
Date/Time: Wed, 23 Apr 2025 03:12:54 +0000
max Delta in Footprint Bar
View Count: 166
| [2024-12-15 18:56:37] |
| User644833 - Posts: 18 |
|
Hello support-Team, Is there a study like “Volume Point of Control for Bars” that shows not the volume but the max. delta level in the bar? Or a method of visualizing the level and evaluating it in further studies? |
| [2024-12-16 17:07:06] |
| John - SC Support - Posts: 39428 |
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There is not a straightforward way to do this, but it can be done for straight delta calculations. We'll cover diagonal further below. You would need to start with a chart that has the Numbers Bars study on it and then set the following in the Numbers Bars study: - Highlight Minimum Value In: Column 1 - Highlight Maximum Value In: Column 1 - Highlight Maximum/Minimum Value Based On: Ask Volume Bid Volume Difference The above will give you the largest and smallest straight delta and the price level at which these values occur will be in Subgraphs 4 (Price at Minimum Highlight) and 5 (Price at Maximum Highlight). You can then use a tool like the Spreadsheet Formula to get the largest absolute delta (if you are not looking for specifically Bid or Ask dominant) by finding the largest absolute value. The formula for this would be the following: =IF(ABS(ID1.SG4) > ABS(ID1.SG5), ABS(ID1.SG4), ABS(ID1.SG5)) You can then use this price level as you want. -- To get a Diagonal Delta, use a "Volume by Price" study set to show a profile per bar and then set the following: - Volume Bar Calculation Method: Diagonal Ask Volume - Bid Volume - Value Area, POC, Peak Value Based on Total Volume Always: No - Highlight Point of Control: Yes In this case, subgraph 2 (Point of Control) will have the price level of the highest diagonal difference. But, depending on how you like to look at diagonal differences, you may need to adjust up or down by 1 tick. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2024-12-18 16:18:21] |
| User644833 - Posts: 18 |
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Thank you very much! Your message has helped me a lot. |
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