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Date/Time: Fri, 03 May 2024 07:05:10 +0000



Post From: How Do I Accurately Reference Study/Price Overlay From Higher Time Frame Charts For Alerts?

[2015-02-19 14:26:17]
cmet - Posts: 537
Just a figure of speech.

To boil it down, when you use Study/Overlay Price and use an indicator from a different chart type or time frame that is slower than the chart you are plotting it on, the chart you are plotting it on can't accurately keep track of changes on the different chart time/higher time frame.

When you specify that a study is higher or lower than it was 1 bar ago, Study/Price Overlay is taking the calculation from the chart you are plotting it on, not the the actual chart where the study is applied.

This seems confirmed by the fact that I get nothing plotted at all when using this formula:

=AND (ID:#.SG1 > ID:#.SG1[-1], H > ID:#.SG1)

Where the ID is the Study/Price Overlay.

In the Sierra Chart Documentation, this is how it tells you to reference studies from other charts.
http://www.sierrachart.com/index.php?page=doc/doc_AlertCondAndScan.html#ReferencingOtherCharts

It just appears more limited than I realized.


Date Time Of Last Edit: 2015-02-19 14:26:43