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Date/Time: Wed, 19 Jan 2022 14:06:24 +0000



Does Sierra Charts have this indicator?

View Count: 3012

[2013-06-03 14:32:43]
richkrugel - Posts: 1
Hi there

I have an account with Interactive Brokers but really need an indicator that they DO NOT offer. The only other route would be to use someone else's charting software like SierraCharts. Before I download the software I would like to know if this indicator is on offer, maybe it can be created, maybe something similar? Can I use my IB data to run this indicator and chart it properly? If I can be assisted then what would the final costs be to me on a monthly basis? Taking in mind that I only want the chart of the $SPX open with the indicator I want (as described below).

I want to use the McClellan Oscillator which is a sentiment indicator. Its based on a momentum indicator derived from the NET Advances (number of advancing issues LESS the number of declining issues) on the NYSE.

If you are not familiar with this indicator or have not heard from it before then please look at it at this link: http://stockcharts.com/h-sc/ui and enter this: $NYMO in the symbol field.


I appreciate your help with this and perhaps we can get going asap with a subscription if this is the case.

Regards
R Krugel
[2013-06-03 14:41:25]
M5amhan - Posts: 468
yes they do have this study

the attached is from the study window

this is from sierra website: http://www.sierrachart.com/index.php?l=doc/doc_TechnicalStudiesReference.html#s55
imagemcclellan.PNG / V - Attached On 2013-06-03 14:40:19 UTC - Size: 3.6 KB - 512 views
[2013-06-04 00:18:19]
Sierra Chart Engineering - Posts: 99781
Sierra Chart does have the McClellan oscillator. Here is the documentation:
http://www.sierrachart.com/index.php?l=doc/doc_TechnicalStudiesReference.html#s176

You will need Sierra Chart package 3. See this page for pricing:
https://www.sierrachart.com/index.php?l=doc/Packages.php

Can I use my IB data to run this indicator and chart it properly?
Yes but you are far far far better off using the market statistics data that is included with package 3 for this. It is hugely more reliable than Interactive Brokers. The symbol to use is $NSHF .
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service:
Sierra Chart Teton Futures Order Routing
[2013-06-04 11:36:49]
User76685 - Posts: 5
Hi there

I purchased package 3. I need help setting up this indicator. The documentation on it confuses me completely. Since I am with IB all I want to do is open a $SPX chart and ad the McClellan Oscillator to it. Do I have to therefore open a chart for $SPX in IB and then open the McClellan indicator in Sierra Charts separately, reduce both windows so they fir underneath each other????

OR

Can I open $SPX in Sierra Charts and ad the McClellan indicator to that (which I am unable to do at the moment)? This will have the $SPX and McClellan indicator on one window. (Preferable)

You mentioned using the data included in my package 3 for this indicator. Can I open $SPX with this data also? I obviously want the best data to use the indicator with and would prefer the $SPX and indicator on one page that will change together if I need to change the time frame.

What is $NSHF exactly? And how will get what I want on one window? Currently I can open $NSHF but only on time frames lesser than a day and not on a daily timeframe?

Could someone do a remote session with me in order to set up this window the way I want it please? I need it asap as I want to trade tomorrows market open US but would like to see it today if at all possible?

Regards
R Krugel
[2013-06-04 19:05:01]
joshtrader - Posts: 374
$NSHF is advancing NYSE issues minus declining NYSE issues, or net advancing issues.

Look at the McClellan Oscillator - 1 chart study. Read the documentation, it is pretty clear.
[2013-06-04 21:31:16]
Sierra Chart Engineering - Posts: 99781
In response to post #5 there is a problem with Historical Daily charts in their particular case we need to resolve. We will follow up on this.
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service:
Sierra Chart Teton Futures Order Routing
[2013-06-04 21:56:06]
Sierra Chart Engineering - Posts: 99781
Please update Sierra Chart by selecting Help >> Download Current Version. We have released a new version that you need.

Open a Historical chart for $NSHF. This is done through File >> Find Symbol. This symbol is in the Market Stats section.

Add the McClellan Oscillator - 1 Chart study to that chart.

We have prepared a Chartbook which is configured the way that you require. It is attached. Save it to your Sierra Chart Data folder. The location of this folder can be determined through Global Settings >> General Settings >> Data Files Folder. The Chartbook can be open through File >> Open Chartbook.

Remote assistance is an extra charge and is .58 USD per minute. And it has to be scheduled.
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service:
Sierra Chart Teton Futures Order Routing
Date Time Of Last Edit: 2013-06-04 22:00:17
attachmentMcClellanOscillator.cht - Attached On 2013-06-04 22:00:12 UTC - Size: 49.12 KB - 483 views

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