general/miscellaneous

Daily Periodicity Volumes don't match Intraday

Charts that utilize a periodicity of "Daily" will show a different quantity of Volume when compared to charts that utilize an intraday periodicty like 1 minute or 1 Day*. This is caused by the fact that certain types of trades, such as block trades, spread trades and market trades, are considered by the exchange when reporting the cumulative daily volume for a specific symbol or contract. However, those trades are not represented in the tick or 1-minute intraday data for the symbol. These trades together make up the difference observed between the daily volume and the sum of the intraday volume.

Controlling the Font Size of Labels

Price labels are drawn using the font size selected for the scale. The scale font defaults to "small" by default. To view the font size for any scale, double-click in the price scale area at the right of the pane. The font size options are small, medium, or large.

If you would prefer that all price labels be drawn in small font, regardless of the scale font setting, go to Setup > Configuration and set the variable LargePriceLabels=false;

How does the Volume Breakdown determine if a trade should be considered a buy (ask volume) or a sell (bid volume)?

If the trade occurs at or above the ask price, it is considered a buy (ask volume). If the trade occurs at or below the bid price, it is considered a sell (bid volume).

If a trade occurs at a price between the bid and ask price, then by default, the following logic is used. If price just moved up on this trade or the previous trade, it's considered a buy. If price just moved down on this trade or the previous trade, it's considered a sell.

Track the Developing VPOC or VA

The TPO Indicator can be used to plot lines for the developing VPOC as well as the developing VAH and VAL. The preferences below were used to result in the lines seen in the chart at the bottom of this page. Be aware that this indicator uses a little more memory than most indicators so try to use it on charts with smaller view periods (last 10 days or less) if to minimize the memory requirements (although adding it to a "last 100 days" chart only takes 6mb of memory, so if you have plenty of memory, not a concern).

How to plot the projected high and low of the current rangebar.

First, create a custom indicator called ProjHi with this syntax (LO + MAX(HI.1 - LO.1, 2)) * (POS = 1) where POS is setup as "bars from end of data"

Then create another custom indicator called ProjLo with this syntax (HI - MAX(HI.1 - LO.1, 2)) * (POS = 1)

Now, add the Price Bands Indicator to your chart, setup as follows:

Why do my TPO Indicator lines (Developing VPOC) only go back 10 days?

In 10.4, a new option was added to the TPO Indicator titled "Compute Only Last X Days". If this option is not checked, the TPO Indicator will default to show the last 10 days/profiles. If the user wishes to show more or less days, he may check this box and specify the number of days desired up to 120. This option was added for efficiency purposes. It can take several seconds longer to initially compute the TPO Indicator for longer durations than short ones.

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