Same study as the native one from SierraChart, but with complementary filters:
- Filter by Bar type : Bulish, Bearish or Both
- Filter by position (Above/Bellow) to Reference Price (OHLC) +- offset (in ticks).
- Enable Extended Configuration Yes/No : select yes to use.
- Bearish/Bullish Bar : Alert on Bearish or Bulish or Both Candles
- Price of alert Above/Bellow Base price (OHLC) + Offset
- OHLC Base price : None (no price alerte comparaison)
- Price offset Bellow/Above : in tick
- Above/Bellow Price + Offset
- Bid Volume Filter (0 = disabled)
- Ask Volume Filter (0 = disabled)
- Total Volume Filter (0 = disabled)
Use twice, one for support and one for resistance
- support = sell imbalances bellow bar close - depth ticks
- resistance = buy imbalance above bar close + depth ticks
| mzpack config | SierraChart support | SierraChart resistance |
|---|---|---|
| Absorption % | Comparison Method = Ask Volume Bid Volume Diagonal Ratio Percentage Threshold = - Absorption % - 100% |
Comparison Method = Ask Volume Bid Volume Diagonal Ratio Percentage Threshold = Absorption % + 100% |
| Bearish/Bullish Bar = Both | Bearish/Bullish Bar = Both | |
| Enable Zero Bid/Ask Compares = Yes Zero Value Compare Action = Set Percentage to +/- 1000% |
Enable Zero Bid/Ask Compares = Yes Zero Value Compare Action = Set Percentage to +/- 1000% |
|
| Depth | Price offset Bellow/Above = - Depth | Price offset Bellow/Above = Depth |
| Filter | Bid Volume Filter = Filter | Ask Volume Filter = Filter |
| S/R zones: enable | Draw Extension Lines = All Prices in Adjacent Alerts Draw Extension Lines With Transparent Range = Yes |
Draw Extension Lines = All Prices in Adjacent Alerts Draw Extension Lines With Transparent Range = Yes |
| S/R zones: consecutive levels | Highlight Adjacent Alerts Minimum Group Size = S/R zones: consecutive levels | Highlight Adjacent Alerts Minimum Group Size = S/R zones: consecutive levels |
| S/R zones: volume filter | Total Volume Filter = S/R zones: volume filter | Total Volume Filter = S/R zones: volume filter |