As published on my twitter I added a study to the Orderflow Study Bundle right before my small vacation break. I take some time here to briefly explain what this study does. 

Bid & Ask volume as SubGraph

This study is a support study that can be a very powerful aid when setting up certain alert conditions. The power of the subgraph makes Sierra Chart so good. Let me show you. 

This study fills fixed SG’s with bid and ask volume data. Look at the following picture. The bid and ask volumes at the top and bottom three price levels of each bar are available as SG’s. 

Bid and Ask Volume numbers at top and bottom three price levels available as SG

Why is this useful? You can do all kinds of calculations with these numbers to create your own indicator. Use the power of these subgraphs to detect unfinished auctions, calculate a certain ratio or imbalance at the edge of a bar as well as run these numbers through spreadsheets or other SC studies. With this study you can use these SG numbers with other built-in SC studies to produce alert conditions or visual signals. 

If these conditions are part of a signal study you can use it to initiate trades with the SST Autotrader as well.

Unfinished auction example

Let’s set up an indicator to see unfinished auctions in SC until intercepted. All we need is the “Bid Ask Data to Study Subgraph” which is part of the SST Orderflow Study Bundle and the “Color bar based on Alert condition” Study (CBBOAC) which is a standard but very powerful study available in SC.

Follow the pictures below to set up this indicator. This is the example for setting up the Bid side.

Set up the proper alert condition in the CBBOAC study. 

If you need documentation on simple alert conditions please check out the SC documentation here.

Set appropriate settings on CBBOAC study to generate lines until intercept.

Set color bar drawstyle to ignore. Set extension line parameters as required.

The result can be seen in an example chart below.

Example chart with unfinished auction indication. You can remove the numbers bars study and use this on any chart as required.

The Ask side is similar to set up, load a new CBBOAC study and adjust the alert condition to use SG10 and set input data to Low. 

Bid & Ask volume as SubGraph V2

Below picture indicates how the V2 of this study provides the Bid and Ask volume numbers as SG’s also SG’s around the bar POC are available, providing you with more flexibility in whatever simple alert condition you want to use on these numbers.

Pricing

What’s inside

The current contents of the SST Orderflow and Volume Profile Bundle can be seen below. You can use the study description button inside SC to get more details about the studies and the available settings. There are a few blog posts on the site as well.

• Smooth Delta Volume Profile
• Delta Dots Study
• Orderflow Ratio Study
• Volume Dots Study
• HCOT/LCOT/DF for Bars
• Zero Block study
• Draw Diagonal Dominant Side Volume Blocks
• Diagonal Imbalance at extreme
• Total number of Diagonal Imbalances in a bar
• Bid Ask Data to Study Subgraph
• Edge Volume indicator
• Pull Back Bar to Study Subgraph