Charting and Studies User Guide - CQG.com

Time-Based TFlow Outputs
Page 89
The cursor value box, QFormulas toolbox, mouse tool tips, and tabular display will contain these
outputs:
• Open
• High
• Low
• Close
• AV = Ask trade volume
• BV = Bid trade volume
Time-Based TFlow Parameters
• Volume Threshold: Choose Percent of Average, Percent Rank, or Actual.
Percent of Average: The four sets of colors/widths are based on the current bars
volume relative to a percentage of the average of the previous same session’s
volume:
0 = Volume is above and up to and including the previous session’s average volume
times zero percent.
10 = Volume is above and up to and including the previous session’s average volume
times 10 percent.
50 = Volume is above and up to and including the previous session’s average volume
times 50 percent.
90 = Volume is above and up to and including the previous session’s average volume
times 90 percent.
If the previous session’s average volume is not available, then the percent values are
treated as actual volume values.
Percent Rank: The historical volume over a preset look-back period is ranked by
size from the smallest to the largest. The current bar’s color/width is determined by
which of the four percentile rankings of the distribution of the volume history the
current volume reading lands in. The default range of the percentile rankings are:
Zero, up to 10 percent
10 percent up to 50 percent
50 percent up to 90 percent
Greater than 90 percent
Actual: The four sets of colors/widths are based on the current bars volume being
greater than a traded volume level, e.g., greater than 5,000 contracts. The
preference's threshold parameters are set traded volume levels and the bar’s volume
is compared to them directly. For example, the levels could be set to 1,000, 5,000,
10,000, and 25,000 contracts (each level marks a range greater than and up to the
next level). If the current bar’s traded volume were 7,500 contracts, then the
color/width would be based on the second group (5,000).
Charting and Studies User Guide