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Direct MessagesDate/Time: Sun, 28 Apr 2024 21:08:16 +0000
Question about the Difference Bar Indicator
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| [2016-06-15 18:04:40] |
| rwilliams1 - Posts: 339 |
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I am doing a pair/correlation trade between two instruments. I have both chart trade windows for each instrument set so that the P&L is based on the bid/ask price so that I can get an accurate P&L for each. I am also using the Difference Bar, and the Difference OHLC indicators to chart the difference between the two instruments. I already read the instructions on creating a highly accurate spread chart, but for some reason the Difference indicator does not seem to be responding properly to fluctuations in price. I was curious if the Difference bar indicators are using the LAST price for its calculations instead of the bid/ask? I'm trying to troubleshoot why it is not moving in sync with the price fluctuations I am seeing. Thanks. |
| [2016-06-15 18:18:43] |
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Yes of course the study is using the last trade prices because that is all that is contained in a chart by default.
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 |
| [2016-06-15 18:29:15] |
| rwilliams1 - Posts: 339 |
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Would you know of any "workarounds" I could possibly do to get it to respond to bid/ask prices? Unfortunately using the Last price won't work in this situation. Thanks.
Date Time Of Last Edit: 2016-06-15 18:30:35
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| [2016-06-15 18:33:43] |
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You can have a look at this page: https://www.sierrachart.com/index.php?page=doc/doc_RecordingModes.php But we are not going to provide further help with this. It is up to you if you can get this to work as expected. 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: 2016-06-15 18:35:36
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