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Become an Add-On Developer: Technologies: Chart Analysis: ActivityBar™ Studies Next: Chart Analysis: ProbabilityMap® Next

Chart Analysis: ActivityBar Studies

 

ActivityBar™ Studies are designed to show specific historical trading activity inside a bar. Examples of information that can be displayed are: the ratio of buyers vs. sellers at each point on the bar, and where the greatest trading volume occurred.

ActivityBar™ Studies show trading patterns that occur within a range of bars on a chart. The plots illustrate intrabar (inside the bar) market activity based on user-defined rules, and may be made up of one or more of the following plot elements:

• Cells (may include color cycling)
• Labels (may include color cycling and label cycling)
• Custom "activity zone" delineating an area of interest on the ActivityBar™
• Open and close markers to accentuate the open and close tick marks on the underlying bar that may get obscured by the other plot elements

The following functionality can be incorporated when creating ActivityBar™ Studies:

ALERTS:
ActivityBars™ can include user-defined rules based on intrabar and/or interbar analysis to issue real-time desktop alerts and pager alerts.

  Click here for a code exampleEasyLanguage Example:
ActivityBar™ Studies break down each bar into smaller bars by adding cells to the right or left of the bar following the EasyLanguage® instructions provided in the ActivityBar™ study. The following chart shows a Price Distribution study. This study shows at what price all of the trades occurred – so the prices where the most trades were concentrated will be most visible.
Enlarge Screen
A Price Distribution study.
 
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