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Date/Time: Thu, 02 May 2024 02:08:24 +0000



New Feature to Profile Charts

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[2016-12-22 09:09:54]
Adam - Posts: 141
Hi

A few month ago you built the auto single print chart for the profile which is fantastic. Could i request that a similar auto draw fro weak highs and weak lows are made? This is drawn manually by me currently on the basis that any 2+ TPO's are forming a high or low. See screenshot.
Blue lines are my manual weak high weak lows
Pink lines are your auto singles

Adam
imageScreenClip.png / V - Attached On 2016-12-22 09:09:48 UTC - Size: 163.19 KB - 687 views
[2016-12-23 04:28:18]
Sierra Chart Engineering - Posts: 104368
This is not something we would be able to get to any time soon and there needs to be a lot more support for it other than just one request.
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:
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[2016-12-24 14:47:18]
BenjaminR - Posts: 168
I would second this request, and here's why:

1) Poor highs/lows (weak highs/lows) are an established Market Profile concept, like 'single prints'.

2) They more often than not, represent a level where the market auction process is incomplete: therefore foreshadow a return through these levels. I would posit that moreso than single prints.

3) The poor high or low represent a significant data point of 'market memory' and represent 'poor structure', which is an edge to a trader who carries this information forward over several days.

4) Poor highs/lows in the structure become exponentially more significant and likely to be revisited if there are several over a span of time (a few weeks, even), and they have not been "repaired".

5) Poor highs/lows can get obscured or lost, and an automatic marker would be very helpful to keep track of which have been repaired, or which have not - especially if the profile with the poor high is off-screen.

6) A Poor High or Low is not just formed in the day time-frame. A Poor High or Low exist if the following day's high or low is equal to or within a tick +/- of the prior day's high or low. These kind are often overlooked even by those who know profile trading - but are extremely important to be aware of.

7) I'm not sure what other profile software currently does this yet - but there can't be many, and would be another selling point for Sierra Chart (a strong one for profile traders).

If and when this feature is implemented, I would request two parameters for the user to set:

a) the number of ticks +/- from 'equal' to define a poor high/low. In the YM and CL, for example, a low 2 or 3 ticks from the prior low, I might consider a 'poor low'. These markets are not as exact as others and a buying or selling tail of only 2 or 3 ticks is not a "good high" or "good low" that is likely to hold over time.

b) allow the user to disregard the overnight session as 'repairing' the poor high or low. Unless the market gaps up or down out of range on the open, the poor high or low is not considered repaired by the overnight trading. So to have the 'line' or marker remain in place although the overnight session has traded through it, would be extremely useful.
Date Time Of Last Edit: 2016-12-24 16:23:09
[2017-01-06 06:41:03]
whats1thingnow - Posts: 407
yes please!

this will be great!
[2018-03-01 01:05:42]
Sierra Chart Engineering - Posts: 104368
We are getting back to this now. Is there a good description of what is considered a poor high or low?
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
[2018-03-01 17:13:22]
BenjaminR - Posts: 168
Engineering:

A poor high can be described as occuring when a TPO high is equal to a previous TPO high, or within 1 tick +/- of the previous TPO high.

Examples:

A
AB
AB
AB
AB
AB
AB
AB
A
A
A

OR

AB
AB
AB
AB
AB
AB
AB
AB
A
A
A

OR

B
AB
AB
AB
AB
AB
AB
AB
A
A
A


The inverse can be said to describe a poor low:

A poor low can be described as occuring when a TPO low is equal to a previous TPO low, or within 1 tick +/- of the previous TPO low.

(The high and low of the previous TPO are the current high or low of the day/session.)

A poor high is also formed if a subsequent session's TPO high is equal to a previous session's TPO high, or within 1 tick +/- of the previous TPO high. This in particular is often easily overlooked in both preparation & during a trading session, and where this feature would be extremely valueable. (Same for a intersession poor low)

The idea is that the high or low is "poor", until the auction is completed in a single TPO by exceeding the poor high or low by at least 2 ticks in most markets - but this is not practical in all; therefore, it would be very helpful for the user to be able to define this parameter, the number of ticks +/- from 'equal' to define a poor high/low.

For example, in the NQ, YM, and CL, a low 2 or 3 ticks from the prior low, could be considered a 'poor low' - especially if the user's scale is set to "two's" since the ranges can be so large. So visually, two TPO highs/lows within a 2 ticks of each other appear as poor highs/lows, and it is usually good to consider them as such, since these markets are relatively thin & often not as exact as others. A buying or selling tail of only 2 or 3 ticks is not usually a "good high" or "good low" that is likely to hold over time.

Please also allow the user to disregard the overnight session as 'taking out' the poor high or low - Unless the market gaps up or down out of range on the open, the poor high or low is not considered repaired by the overnight trading. So to have the 'line' or marker remain in place although the overnight session has traded through it, would be extremely useful.

Thank you,

Ben
[2018-03-01 21:35:57]
Sierra Chart Engineering - Posts: 104368
OK thank you.
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
[2018-03-12 20:26:03]
Adam - Posts: 141
Hows this coming on guys?
[2018-03-14 18:41:11]
Sierra Chart Engineering - Posts: 104368
We have not yet started.
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
[2018-03-14 18:42:46]
Adam - Posts: 141
Do you have an ETA? Cheers
[2018-06-08 22:31:02]
whats1thingnow - Posts: 407
Also waiting on this amazing feature!

Any updates?

Thanks!
[2018-08-25 17:17:13]
Adam - Posts: 141
Any news guys?
[2018-08-27 18:29:06]
Sierra Chart Engineering - Posts: 104368
We should be able to get started on this in the coming weeks.
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: 2018-08-27 18:29:22
[2019-10-12 11:59:12]
RIFT - Posts: 124
Any news?
[2019-10-12 12:34:42]
User149065 - Posts: 12
Any news?
[2019-10-12 13:47:21]
Chris_uk - Posts: 89
+1
[2019-10-12 15:11:25]
Sierra Chart Engineering - Posts: 104368
This is actually currently in the progress of being developed and should be out in about two weeks.
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
[2019-10-13 13:25:14]
Alberto Gauer - Posts: 121
While you guys are at it, you could also add those features to the numbers bars study:

-HLC bar display format
-Single digit highlight at numbers bars high or low
-Display Ratio of numbers bars: The penultimate bid value divided by the last bid value at the bottom of an up bar (display ratio at the bottom of bar). The penultimate ask value divided by the last ask value at the top of a down bar (display ratio at the top of the bar).

Ratio meanings:
0 - 0.69 - price level is being defended
0.7 - 28 - market is facilitating trade
29 and above - price level rejection

So it would be good to color code those values.
Date Time Of Last Edit: 2019-10-13 13:26:32
[2019-10-14 11:51:32]
ticinotrader - Posts: 378
Dear Support,

Regarding post #6: when developing poor H/L functions, can you please consider adding an option to define Poor H/L as 'identical H/L to a previous TPO only' instead of including +1/-1 as well?

On thicker/slower symbols (treasuries, grains, etc) there could be a huge difference when talking about +1/-1 tick on the profile and a poor H/L should always mean identical price levels.

Thank you.
[2019-10-23 17:25:19]
Sierra Chart Engineering - Posts: 104368
Regarding post #19, this is supported.
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
[2019-10-24 06:13:49]
User365411 - Posts: 173
Please, if possible, add the possibility to choose 2 different colors to identify Poor High and Poor Low.
[2019-10-24 13:27:54]
BenjaminR - Posts: 168
User365411, regarding request #21... odds seem high when the feature is implemented by Engineering, it will function similarly to the 'single print' feature. In this case, you would likely be able to select the color of the line to your liking. The idea of this is to recall or identify ph/pl's that can get lost in the history, or are formed but successive profile highs & lows.
[2019-10-24 15:06:53]
User365411 - Posts: 173
User365411, regarding request #21... odds seem high when the feature is implemented by Engineering, it will function similarly to the 'single print' feature. In this case, you would likely be able to select the color of the line to your liking. The idea of this is to recall or identify ph/pl's that can get lost in the history, or are formed but successive profile highs & lows.

Singles can appear anywhere in the profile, the color differentiation is not relevant.
PH and PL can appear on the H or the L respectively, so the differentiation of color for me is useful since I already trace them by hand with different colors.
I prefer to ask now since it is still in preparation rather than asking for it later, if it is possible better, the more flexible the better it is from the point of view of the users.
The same differentiation, for example, I'd like to have for VAH / VAL extension line, actually the color is unique, but I don't want to ask too much, knowing that they have other work in progress (I hope) on my other requests that are more important than this on the Value Area.
Date Time Of Last Edit: 2019-10-24 15:16:34
[2019-10-27 10:22:20]
Sierra Chart Engineering - Posts: 104368
Use version 2004 for TPO poor high and low functionality. The TPO profile Chart documentation has been updated. There are two new Inputs to support 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
[2019-10-27 11:49:21]
User365411 - Posts: 173
pre-release 2004

Thanks for this implementation, probably it needs some tweaking.
With "Price Increments For Poor High/Poor Low Comparison" = 0 some PH/PL are missed. (left chart)
With "Price Increments For Poor High/Poor Low Comparison" = 1 all (i think ... ) missed PH/PL are drawn but there is a wrong PH (yellow rectangle on the right chart).

And please, as request, add possibility to choose 2 different colors to precisely identify PH and PL extension lines.

TY
imageSierra Chart MainWindow 2019-10-27 12_45_00.276.png / V - Attached On 2019-10-27 11:48:15 UTC - Size: 82.41 KB - 558 views

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