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Direct MessagesDate/Time: Thu, 02 May 2024 13:41:37 +0000
Russell 2000 futures session time
View Count: 2064
| [2015-12-19 21:48:16] |
| Johnny - Posts: 99 |
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Hello, the Russell 2000 futures session time is 20:00 - 18:00 EST except for Sunday that trading begins at 18:00. But setting the session time at 18:00 - 18:00 would result in a blank chart. Only 18:00 - 17:59 is possible right now but that doesn't give the correct closing price for the day. Can you add an option for a different session start time for the first day of the week or provide any other solution?
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| [2015-12-19 23:48:59] |
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There is absolutely no chance of us adding additional session times options like this and it is pointless to even ask us about this because of the huge complexity and complications and unintended consequences. Use 20:00:00 and 19:59:59 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: 2015-12-19 23:49:20
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| [2015-12-21 16:17:58] |
| Johnny - Posts: 99 |
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Hi 40winks, thanks for your message. I'm aware of this functionality but unfortunately it doesn't solve the issue.
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| [2015-12-22 03:09:37] |
| U_winks - Posts: 190 |
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Oic.. Sorry to hear about this, and hope you can find a workaround to the issue.
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| [2015-12-22 07:15:39] |
| User13668 - Posts: 291 |
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Funnily enough I noticed this for the first time yesterday when I loaded an ICE contract - Brent Oil. So I support Johnny. SC's suggestion in post 2 is surely wrong as will still misses the 6pm start on Sunday. I ended up going with a start time of 18:00:00 and a finish time of 17:59:59. I did not check how accurate the chart was to the official closing price for the day. The only issue I had was with the Time Line Study where I have it plot the line when the session starts (being 20:00:00). It works for every day except the 18:00:00 start on Sunday. |
| [2015-12-22 07:56:43] |
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SC's suggestion in post 2 is surely wrong as will still misses the 6pm start on Sunday.
Not sure what is meant by this. As long as the Load Weekend Data/Load Sunday Data option is selected, the 18:00 Sunday open will be included in the chart. That is considered part of Sundays trading. Monday begins at 20:00 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: 2015-12-22 07:57:08
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| [2015-12-22 08:01:24] |
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It works for every day except the 18:00:00 start on Sunday.
Why would there be a problem with this? We tested it now and it works as we would totally expect:http://www.sierrachart.com/image.php?l=1450771267509.png 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 |
| [2015-12-22 08:26:41] |
| User13668 - Posts: 291 |
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Re post #8. Well you can see from your picture. On Sunday the timeline prints at 8pm, but the session starts at 6pm on a Sunday. So I want a line plotting at 6pm on Sunday ONLY and NOT at 8pm on Sunday. But for the balance of week it needs to plot at 8pm. Your line is correctly drawing at 8pm on Monday (which is when the session starts for each day for the balance of the trading week). The challenge is that ICE have a number of contracts that have a DIFFERENT session time for Sunday ie it starts at 6pm whereas for the balance of the week it starts at 8pm. CME instruments do not have this challenge as they start at the same time every day. Ninja Trader handle this problem (from memory) by allowing you to specify session times for each day of the week. |
| [2015-12-22 08:32:10] |
| User13668 - Posts: 291 |
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Re post #7. Where did you get the information from that says 6pm to 8pm is classed as a SUNDAY trading day and that Monday starts from 8pm on Sunday? As far as I am aware ICE opens at 6pm on Sunday and ALL trading from this point is classed as for Monday settlement right through until Monday closes at 6pm on Monday night. If you do what you are suggesting a trader risks getting the wrong high and low and trading volume etc for Monday as it will exclude the first two hours on Sunday night. |
| [2015-12-22 08:33:03] |
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We fail to see any practical problem here: http://www.sierrachart.com/image.php?l=1450773138327.png We removed the Time Line study and the vertical lines are drawn at the times you require, by using the Vertical Grid at the Start of Trading Day. 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 |
| [2015-12-22 08:36:10] |
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Where did you get the information from that says 6pm to 8pm is classed as a SUNDAY trading day and that Monday starts from 8pm on Sunday? If you do what you are suggesting a trader risks getting the wrong high and low and trading volume etc for Monday as it will exclude the first two hours on Sunday night. 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 |
| [2015-12-22 08:37:27] |
| User13668 - Posts: 291 |
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Re post #11. Ah okay, I will try that. I did not think of using Vertical Grid. I have been using Time Line study to plot a vertical line at start of trading day. |
| [2015-12-22 08:41:19] |
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Also, the Time Line study can easily be modified with different time mapping modes to accomplish this as well. We can even add settings to control what days of the week that it applies to.
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 |
| [2015-12-22 08:47:50] |
| User13668 - Posts: 291 |
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Re post #14 I tried playing around with the mapping modes, but could not get a combination that plotted correctly. For instance I set it to plot at 20:00:00 but with a mapping mode of 120 minutes tolerance, in the hope this would plot a line at 18:00:00 on Sunday and 20:00:00 on the other days of the week. Now sure it plotted at 18:00:00 on Sunday and 20:00:00 on every other day. BUT the problem was it also plotted at 20:00:00 on Sunday night (which is wrong as this is not the start of a new session). |
| [2015-12-22 08:51:52] |
| User13668 - Posts: 291 |
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Re post #12 I am sure there are work arounds - possibly. But look at the attached: I like a staircase plot style on my chart of the daily high and low as the day plays out. For this picture you can see the true high of the day is being incorrectly plotted as it is ignoring the high made in the first two hours on Sunday night as it deems that to be in a 'Sunday' session. Secondly a study like a Daily VWAP (also shown) is wrong for Monday as it is ignoring trades (ie volume) from the first two hours on Sunday. |
 SCCapture.PNG / V - Attached On 2015-12-22 08:51:47 UTC - Size: 35.63 KB - 259 views |
| [2015-12-22 08:58:57] |
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The Daily OHLC study works correct when using a Start Time of 18:00: http://www.sierrachart.com/image.php?l=1450774687297.png The Volume We did Average Price study will also be correct. 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 |
| [2015-12-22 09:01:45] |
| User13668 - Posts: 291 |
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Re post #17. I know. But my replies were in response to your suggestion (post #2) to the thread starter to set the session time to start at 20:00:00. Certainly, in this case, VWAP will be wrong. |
| [2015-12-22 09:12:35] |
| User13668 - Posts: 291 |
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Re post #14 We can even add settings to control what days of the week that it applies to.
This maybe the best solution ie modify the Time Line Study for this. As I have just tried the Vertical Grid solution (Start of Trading Day) and it also plots erroneous lines. If you set the session time to start at 18:00:00 it will plot correctly, but if there are multiple bars at 18:00:00 (can happen with Range or Renko bars) multiple vertical plot lines are shown. If you set the session start time to 20:00:00, you get the erroneous plot at 20:00:00 on Sunday night. |
| [2015-12-22 18:16:20] |
| Johnny - Posts: 99 |
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Wow, too many posts here. The Russell 2000 futures contract has two peculiarities. The first being that it has a different session start time for Sunday, as I have mentioned in my original post and the second is that on some days there are trades that occur at exactly 18:00 which is the closing time. Not 17:59:59 as it would be the case with other contracts. Whats does that mean? In order to get the correct closing price for the day you need to set the session end time to 18:00:00 not 17:59:59. But by doing so you can't set the start time of the session to 18:00 as that will result in a blank chart. So, the only option left is to set the session time to 18:00:01 - 18:00:00 but obviously risking to miss the high or low for Sunday/Monday. Now why does the daily close matter so much? Well for my strategy it does and so do the daily high/low, plus I use daily pivot points and a wrong daily close/high/low subsequently gives different values.
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| [2015-12-24 00:55:56] |
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The solution is to use a Historical Daily bar chart for the closing price.
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 |
| [2016-01-05 20:08:27] |
| Johnny - Posts: 99 |
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Historical charts use the settlement price as the closing price instead of the last price. Can you provide an option to allow the user to choose which price between the two will be used as the closing price?
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| [2016-01-05 20:26:06] |
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We cannot do this with Historical Charts. That data comes from the exchanges.
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 |
| [2016-01-06 18:07:55] |
| Johnny - Posts: 99 |
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Are historical charts based upon 1 minute data even if data configuration is tick by tick? VWAP and VbP values are different compared to intraday charts. Also, for how many years are tick by tick data available for the SC historical data service? On the documentation you mention that they're available for at least 3 years but you don't define a specific number.
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| [2016-01-06 18:59:27] |
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Historical Daily and higher timeframe charts are based on data from the exchange. The amount of historical Intraday tick by tick data available varies based on the symbol. It is not a simple matter for us put clear specifications on that because there is variability. 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: 2016-01-06 19:00:24
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