Calculating Dominant Side Percentage in ACSIL - Sierra Chart Programming | futures io social day trading
futures io futures trading


Calculating Dominant Side Percentage in ACSIL
Updated: Views / Replies:279 / 7
Created: by doetrader Attachments:1

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Calculating Dominant Side Percentage in ACSIL

  #1 (permalink)
Atlanta, Georgia, USA
 
 
Posts: 19 since Dec 2018
Thanks: 2 given, 0 received

Calculating Dominant Side Percentage in ACSIL

From: https://www.sierrachart.com/index.php?page=doc/NumbersBars.php


Quoting 
Dominant Side Volume Percent: This Numbers Bars Text type displays a percentage and it is calculated as follows:

When Ask Volume is greater than the Bid Volume at a price level within the Numbers Bar, then this will be a positive percentage. This percentage represents what the Ask Volume is percentagewise of the sum of the Ask Volume and Bid Volume for the price level within the Numbers Bar.

When Bid Volume is greater than the Ask Volume at a price level within the Numbers Bar, then this will be a negative percentage. This percentage represents what the Bid Volume is percentagewise of the sum of the Ask Volume and Bid Volume for the price level within the Numbers Bar.

I need to implement this in ACSIL because there does not seem to be any other way to get the Dominant Side Volume Percentage from Numbers Bars at each price level within a bar.

However, I have no idea how it is calculated. I feel that the explanation above is lacking. Could someone who understands it formalize it for me? -i.e put it in plain math.

Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Atlanta, Georgia, USA
 
 
Posts: 19 since Dec 2018
Thanks: 2 given, 0 received


Does anyone understand it?

Reply With Quote
 
  #4 (permalink)
Netherlands
 
Trading Experience: Advanced
Platform: Sierra Charts
Broker/Data: Infinity Futures
Favorite Futures: FGBL
 
Posts: 63 since Oct 2009
Thanks: 57 given, 59 received

One picture is worth a thousand words. In this picture, you see under the bar a number. This number represents in percentage the difference between Bid and Ask volume. If the Bid volume is greater than the Ask volume, this number is negative.The information comes from Numbers Bars Calculated Values study. And is shown by the Study Subgraph Absolute Value.
Bar at 14:00:
Ask + Bid = 35960
Ask Vol = 17031
Bid Vol = 18929
Number of Bid Vol is greater than Ask Vol, -1898. So this is a negative figure.
1898 is about 5% of total volume 35960.
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
The following user says Thank You to Jaap8242 for this post:
 
  #5 (permalink)
Atlanta, Georgia, USA
 
 
Posts: 19 since Dec 2018
Thanks: 2 given, 0 received

I was kind of more curious about the number shown at each price level (in numbers bars) and how that was derived. Could you expound on how what you said relates to that?

Reply With Quote
 
  #6 (permalink)
Netherlands
 
Trading Experience: Advanced
Platform: Sierra Charts
Broker/Data: Infinity Futures
Favorite Futures: FGBL
 
Posts: 63 since Oct 2009
Thanks: 57 given, 59 received

Unfortunately it is not clear to me how the numbers in the numbers bars are being formed. Maybe you find the answer at https://www.emojitrading.com/

Reply With Quote
 
  #7 (permalink)
Fort Myers, Florida, United States
 
 
Posts: 1 since Nov 2018
Thanks: 1 given, 1 received

The answer is actually in the quote you provided.

Let us use the case where the Ask volume is greater than the bid:


Quoting 
This percentage represents what the Ask Volume is percentagewise of the sum of the Ask Volume and Bid Volume

Meaning, if you have a Bid volume of 50 and an ask volume of 100, what is being asked is what percent is 100 of 150 -i.e 50+100. And the percentage value will be positive because the ask volume is greater than the bid.

It would be the opposite if the Bid volume was greater and the question would be what percent would the Bid volume be of the total volume -i.e sum of bid volume and ask volume for that price level.

Reply With Quote
The following user says Thank You to walidmujahid for this post:
 
  #8 (permalink)
Atlanta, Georgia, USA
 
 
Posts: 19 since Dec 2018
Thanks: 2 given, 0 received


walidmujahid View Post
The answer is actually in the quote you provided.

Let us use the case where the Ask volume is greater than the bid:



Meaning, if you have a Bid volume of 50 and an ask volume of 100, what is being asked is what percent is 100 of 150 -i.e 50+100. And the percentage value will be positive because the ask volume is greater than the bid.

It would be the opposite if the Bid volume was greater and the question would be what percent would the Bid volume be of the total volume -i.e sum of bid volume and ask volume for that price level.

Okay. I think I understand. How would I implement this in ACSIL?

Reply With Quote

Reply



futures io > > > > > Calculating Dominant Side Percentage in ACSIL

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

futures io is celebrating 10-years w/ over $18,000 in prizes!

Right now
 

$250 Amazon Gift Cards with our "Thanks Contest" challenge!

Right now
 

Show us your trading desks and win $1,400 in prizes w/Earn2Trade

November
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
How to get Dominant Side Volume values from Numbers Bars in ACSIL? doetrader Sierra Chart Programming 3 December 14th, 2018 08:58 AM
HOWTO Get Not Dominant Side Od DOM ? bluewave65 Sierra Chart Programming 2 July 6th, 2018 10:04 AM
Server Side Order Management vs Client Side samsupertrader Platforms and Indicators 3 June 11th, 2018 06:13 AM
ask/bid volume difference on diagonal dominant side in volume ladder Czechmade Sierra Chart 2 May 27th, 2015 12:30 PM
Install NT7 side by side with NT6.5? wuolong NinjaTrader 3 January 31st, 2010 01:26 PM


All times are GMT -4. The time now is 03:42 PM. (this page content is cached, log in for real-time version)

Copyright © 2019 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts