Bid Ask Volume Bar Graph

[miracletech]

I noticed that SierraChart now has a Graph Draw Type called "Bid Ask Volume Bar Graph". The width of the bar is based on the total Volume for the bar. The fill color of the bar is based on Bid Volume or the Ask Volume. So if there was a greater percentage of Ask Volume, the bar fill color would be green, and the shade of green would vary depending on the percentage. And if there was a greater percentage of Bid Volume, the bar fill color would be red, and the shade of red would vary depending on the percentage.

Kinda looks like a poor man's version of the MarketDelta software.

I was wondering if anyone is using this, and if so what is your strategy.

Good trading to all,
Miracletech
TuffTrade- Day Trade Smart

 

[rasl]

re-Bid Ask Volume Bar Graph

I noticed that SierraChart now has a Graph Draw Type called "Bid Ask Volume Bar Graph". The width of the bar is based on the total Volume for the bar. The fill color of the bar is based on Bid Volume or the Ask Volume. So if there was a greater percentage of Ask Volume, the bar fill color would be green, and the shade of green would vary depending on the percentage. And if there was a greater percentage of Bid Volume, the bar fill color would be red, and the shade of red would vary depending on the percentage.

Kinda looks like a poor man's version of the MarketDelta software.

I was wondering if anyone is using this, and if so what is your strategy.

Good trading to all,
Miracletech
TuffTrade- Day Trade Smart

i cant find any study called Bid Ask Volume Bar Graph.