Support Board
Date/Time: Mon, 21 Apr 2025 23:36:07 +0000
Seemingly identical studies showing different values
View Count: 129
| [2025-02-17 12:08:35] |
| ASTrader036 - Posts: 9 |
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Hi, I'll try to be as concise as possible but please bare with me. I have a VBP study set up as "From start date-time to End date-time" to cover the previous week (2025-02-09 to 2025-02-15) Mon-Sat, aligned to the right. On the same same chart I also have another VBP study set up as "Multiple Profiles Based On Fixed Time" as "Weeks", so this gives me all previous weeks volume profiles, aligned to the left. So in theory, the "start date-time to end date-time" profile on the right should be identical to the most recent "multiple profiles based on fixed time" profile on the left, however, the VA levels and the VPOC levels are wildly different, in the range of 50-60 tics different (MCL symbol). I've been careful to account for global market open and close times. I've always noticed slight differences but they've been negligible (a few tics, maybe 5 at the most), but not how I'm seeing it now. Can you shed any light on this for me please? One thing that has changed is that I had to roll-over the symbol this morning, so I'm assuming this has something to do with it? I have posted a screenshot below. Many thanks. https://www.sierrachart.com/image.php?Image=1739793345544.png |
| [2025-02-17 13:22:43] |
| User907968 - Posts: 840 |
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Check the Ticks per Volume Bar setting, it looks like left hand VBP is set to 2, and right hand VBP is set to 1.
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| [2025-02-17 13:55:44] |
| ASTrader036 - Posts: 9 |
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@User907968 Thank you, that's exactly what the issue was. Your help is greatly appreciated! Maybe you can help me with the next question also? What setting should I have for the Ticks per Volume Bar? I execute trades on a 5 minute time frame, but my analysis heavily involves the 1 hour and the daily, and I use the vbp study to analyse weekly levels (weekly extremes, VA extremes and VPOC) as I'm sure you saw on the screenshot. According to Sierra Chart a value of 1 or 2 sounds like that is what I should be using, based on the time frame I execute on? I guess the proper question should be, what value do most lower time frame traders use? 1 and 2 provide significantly different levels. Hope I haven't burdened you here? If your busy it's cool, I'm sure I'll work it out. Thank you |
| [2025-02-17 14:02:45] |
| User907968 - Posts: 840 |
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Ok, that's good. I guess the proper question should be, what value do most lower time frame traders use? 1 and 2 provide significantly different levels.
What do other people use is a good place to start, but the end goal would be what works best for you and your style.Personally I use 1-tick for CL across all timeframes. |
| [2025-02-17 14:16:42] |
| ASTrader036 - Posts: 9 |
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Good advice. Thank you. I've just been looking back on the chart with two identical studies, one set with a value of of 1 and the other a value of 2, and to be honest, there isn't much difference usually. Now and again it throws up a significant difference, but can't do much about that. I've always preferred it on 1, so I'll stick with that for now. Thanks again for you help! |
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