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Date/Time: Wed, 01 May 2024 03:52:59 +0000



Problem with Open & Close Marker Style in Numbers Bars study

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[2017-02-03 00:12:34]
User50927 - Posts: 90
The two images below correspond to the same time frame on an ES intraday "Range Per Bar-Pen=Close" chart showing two different "Open and Close Marker Style" options, as well as the traditional full-background coloring style. Notice the errors and inconsistency in the coloring applied to the Dragonfly and Gravestone Doji bars - there are 3 different instances of those types of candles in the screenshot. Finally, I have noticed the problem with those types of Doji candles only, where the open equals the close.


1) Candlestick Outline

http://www.sierrachart.com/image.php?Image=148607859581.png


2) Open To Close Boxes

http://www.sierrachart.com/image.php?Image=1486078686914.png
[2017-02-03 01:51:11]
Sierra Chart Engineering - Posts: 104368
We do not understand what you are talking about here.

Also do not refer to candlesticks with these types of names: Dragonfly and Gravestone Doji bars. They mean nothing to us because they are nonspecific. A chart bar should be highlighted by you with a rectangle or refer to it by its Date-Time assuming we can identify it in that way.

We would also have to check but the coloring of the candlestick outline in the Numbers Bars chart is going to follow how the coloring would be just when the chart is displaying candlesticks.

We see no evidence of a coloring problem whatsoever.
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

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Date Time Of Last Edit: 2017-02-03 01:56:23
[2017-02-03 02:09:06]
Sierra Chart Engineering - Posts: 104368
We have confirmed that the candlestick coloring with the Numbers Bar study does follow the standard method of Candlestick bar coloring. We will update the documentation.

There is no problem here.
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
[2017-02-03 04:00:55]
User50927 - Posts: 90
I apologize for not annotating the chart correctly.

I used the dragonfly and gravestone doji terminology so that we could communicate more easily since that is an unambiguous nomenclature used in candlestick analysis. I don't understand why you say that the terms are nonspecific since when you google the terms and then click on images every single image of a dragonfly doji or a gravestone doji looks exactly the same. But fine, I'll be more verbose instead.

So basically there are two kinds of bars that I want to draw your attention to. The first kind is the bar that goes up but then reverses course and closes back at the open ("Up kind" bar) The second kind is the bar that travels down, but then reverses direction and closes back up at the opening price ("Down kind" bar).

First of all, I see what you mean by the Numbers Bar study simply following the standard method of candlestick bar coloring. Although that logic is twisted since a candlestick bar of the "Down kind" overcame all of the selling pressure and then bounced back up to its price of origin (opening price) which is highly bullish (green) instead of bearish (red)! Can you change that aspect of the code?

Separately, I still don't understand why on image #1 above (Candlestick Outline), the second bar from the right on the chart (a down kind bar) is colored red when it has a candlestick outline but green otherwise. Shouldn't they both be either red or green? - in this case red since that's how the standard candlestick bar would be colored by your program. Curiously, there is full agreement in color (both are green, although it should be red) when one switches from the candlestick outline to "open to close boxes" - please see image #2 above. And ironically, the same type of discrepancy in coloration is not seen on 6th bar from the left on image #1.

This image is a clearer example of the lack of consistency that I'm referring to (March 2017 ES contract on Tues 2017-01-31 at 9:45 AM):

http://www.sierrachart.com/image.php?Image=1486093707651.png
[2017-02-03 04:11:23]
Sierra Chart Engineering - Posts: 104368

First of all, I see what you mean by the Numbers Bar study simply following the standard method of candlestick bar coloring. Although that logic is twisted since a candlestick bar of the "Down kind" overcame all of the selling pressure and then bounced back up to its price of origin (opening price) which is highly bullish (green) instead of bearish (red)! Can you change that aspect of the code?

We definitely cannot change this.

There is an established logic with how Sierra Chart colors the bars and this will not change.
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

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