Here is another version :

Changes:
- Included - Aggregate TS(User Selectable) - Basically this would combine all the trades that took place at the same "second" and would calculate whether this size is >= defined Volumethreshold.

Thanks

ejtrader 

Rui S - Do one thing in that case: - Copy .cpp file to c:\sierrachart\ACS_SOURCE - From SC -> Analysis -> Build Advanced Custom Studies Dll -> select the file you have copied. - This step would build required DLL file for you. From Here on you can go with insert Custom Study route..

Hello ejtrader,

I finally got some time and installed the Volume Threshold indicator, following your instructions.

It seems to be working fine. I will test it better later on, when the market will be faster and with more volume.

Thank you very much for creating it and for your helpful instructions.

@ejtrader

The VolumeThreshold indicator is working perfectly. Well done.

Thanks again for all your work and dedication.

Rui S - Good to know this has worked for you !!

Hello @ejtrader,

It has been 3 months since you developed the VolumeThreshold indicator for me and I have been using it every day. I really find it very useful.

For some time now I have been thinking about an improvement that could be made to make the indicator even better, but I was not feeling comfortable to “bug” you asking for another favor. However, today I gathered the courage to ask if you could do it, as long as it doesn't mean too much hassle for you and you feel you can do it without interfering too much with your time.

Thus, I would like to ask you if it is possible to add to the indicator an option to plot the number of contracts of each specific trade that is signaled by the indicator. The plotting of this number would show on the left side of each plotted colored bar (very close), with the same color of the bar and with small digits (something like Verdana 6p). In short, we would have the "above Threshold" trades signaled in a colored bar and their respective number of contracts on the left of that bar.

Do you think this change would be workable and not too difficult / time consuming for you to work it out? Would this change cause the indicator to became too “heavy” it terms of CPU usage?

I apologize to be asking you for this and please feel comfortable to say no if you realize you don’t have the time to do it or if it shows to be too much hassle, as I have no idea how difficult it could be.

Thanks in advance.

@Rui S - Glad you are using this indicator..

If the text is displayed on the left of the candle - it's going to overlap the price candle? Can you try to post a picture on how you would like to see it?

Based on that would think about the modification to this..

Thanks

Hello @ejtrader,

Thank you for your reply.

In fact the numbers will sometimes overlap the previous candles (not the colored candle), but I couldn't think of anything better. That's why it has to be small font. And I will have to live with that...

This is what I had in mind:



I hope it is not too difficult to do.

I'm looking forward for your reply.

Thanks.

P.S. - I'm not sure if I was clear enough - The plotted number would just show the volume of the very trade that triggered the color bar, not the total volume traded within the entire bar

@Rui S - Would see about this and reply back.

Wondering - Are you on sc Package 3 or 5?

Thanks

@Rui S - draft cut.. haven't tested much. Give it a try and let me know.

- Made the study name as VolumeThreshold2
- Provided an additional input parameter for TextSize.
- Provided an additional input parameter for TextColor
- Made the text Centered around the Price - where it detected the Volume Criteria for the first time for the bar

Thanks

@ejtrader

Please forgive me for taking so much time to answer but I live in a different time zone (Europe).

Thank you very much for taking the time for upgrading the indicator for me.

I tried to install it but got a message saying that it requires version 970 or higher (I'm still running 963) so I'm going to upgrade and will let you know as soon as I have it done.

P.S. - I am on SC package 3