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Direct MessagesDate/Time: Sat, 18 May 2024 09:27:42 +0000
Absorption Alert *Footprint Chart*
View Count: 150
| [2024-05-01 00:55:45] |
| shajee08 - Posts: 9 |
|
1) I am looking to add an alert to a Footprint chart that would trigger when Delta on a bar is over a certain value but price is stagnate and unaffected by buyers/sellers at that level. For example if Delta> 150 and price on ES has not moved up more than 3 ticks. I've attached a screen shot and bar @ 15:50:59 is the bar I am looking to trigger an alert for if anyone has a better formula solution so that I am automatically alerted of absorption occurring. 2) I have recently switched to a bar by volume chart and I am getting these large candles that are not aligned with the DOM/bid ask values as shown in the picture, any advice on how I can have these more accurately aligned? Thank you in advance! |
 ES chart.PNG / V - Attached On 2024-05-01 00:44:16 UTC - Size: 437.64 KB - 64 views |
| [2024-05-01 14:34:38] |
| John - SC Support - Posts: 31704 |
|
1. You would need to use the "Volume at Price Threshold Alert V2" to get the information when there is a delta over a certain value. You would then combine that with a check of the price to see if it within the range you want. For example, you would use a formula like the following to test if the price is within 2 ticks of the first alert from the Volume at Price Threshold Alert V2: =AND(ID1.SG1, C > ID1.SG1 - TICKSIZE * 2, C < ID1.SG1 + TICKSIZE * 2) You would then need to add an OR function and test additional Volume at Price Threshold Alert V2 triggers. If there is the potential for a lot of triggers to occur within a bar, then you might want to consider using the Spreadsheet System for Alerts instead. 2. You are overlaying a time based chart to get the bars. You need to overlay the Main Price Graph from the same chart to get what you want. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2024-05-07 00:34:12] |
| shajee08 - Posts: 9 |
|
Hi John, Thank you for getting back to me. 1A. I went through the VAP v2 reference file and still a bit lost as to how I can approach creating this. It is most likely that I am new to Sierra and Footprint charts and the concept of reading and my understanding delta is primary. I've attached a script that I was able to get ChatGPT to create(attached) but having difficulties opening the notepad via the editor option on build advanced custom study. Would you be able to direct me as to how I can implement this code as a study and so I can tweak/adjust to see if it delivers the info I am looking for? 1b)I would like to have your formula as a reference study to see which I like better, would you be able to direct me where I can learn more about how to configure this study? I don't know what kind of OR function I'd need to implement (I am using 2500V bar chart) 2. Fixed ty! |
Private File |
| [2024-05-07 14:19:25] |
| John - SC Support - Posts: 31704 |
|
Don't worry about using the Sierra Chart editor, any editor will work, including the Windows Notepad. Follow the instructions at the following link for how to build a custom study: How to Build an Advanced Custom Study from Source Code All of the information for creating alerts is on the following page: Study/Chart Alerts And Scanning For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
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