I've watched the video multiple times although It's still unclear to me how I could replicate the same bid/ask depth bars from Sierra.
I've been able to find the custom display on the TINT indicator but I don't think I'm getting what I'm looking for.
What do those candles reflect exactly? Is that simply the difference between the total size on the bids minus the total size on the offers? Or maybe just level 1? Or maybe the inside 3 or 5 levels?
So it's summing up the bids, and then subtracting the offers (all 10 levels), correct? I would assume you would want to see a positive value when more buyers than sellers (bullish), correct?
Here is another approach which you can try currently, and has the advantage of being persistent.
Create a custom indicator with syntax TINT setup as follows to track the difference in the sizes on the bid minus ask...
Now add that to a chart. Periodicity of chart doesn't matter, but I suggest just using a 30m chart with a view period of only 1 day. In the Custom Indicator settings, set to recalc every 1 second and set to record into a V# variable of your choice (I used V#1 below). Use one you're not using for another purpose.
Now, you've got V#1 (or whatever V# you chose) always tracking the value you want to plot as candles. Only step left is to create a custom INSTRUMENT that tracks V#1. Open Object Manager, choose Custom Instrument from the list of objects, then click "New" and setup your custom instrument as follows.
I would match most of what you see below, except you can really choose any ticker symbol and name you wish. I chose @ES#_V1 but you could choose @ES#_TINT or @ES#_DEPTH.
Click save and close, and now you can go create a chart of @ES#_V1 (or whatever you called it) just like you can @ES# or any other symbol. You can plot it on anly periodicity. The data will build from the time you create it forward. It will generate data on that custom instrument only when the feed is flowing. It is critical that you leave that chart open that has the cusotm indicator in it that feeds and updates the V# (otherwise value will stay static and custom instrument will flatline). You can minimize that chart if you wish (or make very small) but must stay open.
Try this:
https://www.linnsoft.com/videos/resting-order-candles
Thank you,
I've watched the video multiple times although It's still unclear to me how I could replicate the same bid/ask depth bars from Sierra.
I've been able to find the custom display on the TINT indicator but I don't think I'm getting what I'm looking for.
Thanks
What do those candles reflect exactly? Is that simply the difference between the total size on the bids minus the total size on the offers? Or maybe just level 1? Or maybe the inside 3 or 5 levels?
Hello Chad,
Here's the link to the actual indicator in Sierra. I figured that would give more details.
There are multiple options for displaying the indicator.
https://www.sierrachart.com/index.php?page=doc/StudiesReference.php&ID=2...
The photo shared is showing a sum of all the current resting offers and bids in the book.
10t up and down.
So it's summing up the bids, and then subtracting the offers (all 10 levels), correct? I would assume you would want to see a positive value when more buyers than sellers (bullish), correct?
Yes. This wouldn't be just Ask Traded vs Bid Traded in Volume Breakdown? Since in volume breakdown its calculated for each bar as far as I understood.
I've begun working on an option for this in TINT. How does this look?
That seems to be what I was looking for. Looks great.
Here is another approach which you can try currently, and has the advantage of being persistent.
Create a custom indicator with syntax TINT setup as follows to track the difference in the sizes on the bid minus ask...
Now add that to a chart. Periodicity of chart doesn't matter, but I suggest just using a 30m chart with a view period of only 1 day. In the Custom Indicator settings, set to recalc every 1 second and set to record into a V# variable of your choice (I used V#1 below). Use one you're not using for another purpose.
Now, you've got V#1 (or whatever V# you chose) always tracking the value you want to plot as candles. Only step left is to create a custom INSTRUMENT that tracks V#1. Open Object Manager, choose Custom Instrument from the list of objects, then click "New" and setup your custom instrument as follows.
I would match most of what you see below, except you can really choose any ticker symbol and name you wish. I chose @ES#_V1 but you could choose @ES#_TINT or @ES#_DEPTH.
Click save and close, and now you can go create a chart of @ES#_V1 (or whatever you called it) just like you can @ES# or any other symbol. You can plot it on anly periodicity. The data will build from the time you create it forward. It will generate data on that custom instrument only when the feed is flowing. It is critical that you leave that chart open that has the cusotm indicator in it that feeds and updates the V# (otherwise value will stay static and custom instrument will flatline). You can minimize that chart if you wish (or make very small) but must stay open.
Let me know how that works out.
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