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Date/Time: Fri, 29 Mar 2024 09:52:46 +0000



Price Level Drawing Tool with Text

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[2017-09-22 18:12:34]
Clef - Posts: 11
Hi,

Which drawing tool I should to mark key levels on chart that can be identified with the associated text? For example, I want to draw a line on the chart that indicates price of previous value area high (pVAH) along with such a text.
[2017-09-23 01:03:26]
Sierra Chart Engineering - Posts: 104368
You will want to use the Horizontal Line tool:
Chart Drawing Tools: Horizontal Line | Horizontal Ray | Horizonal Line Non-Extended | Vertical Line

Although you should look at using the Volume Value Area Lines study for this:
Volume Value Area Lines
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
[2021-04-22 20:59:45]
User900676 - Posts: 57
what about price zones? I see people using a price zone tool but this does not seem to be a default tool
[2021-04-23 14:11:56]
John - SC Support - Posts: 30444
If you are asking about price zones where you have a band above and a band below the bars based on calculation, then no, it is not inherently a study in Sierra Chart.

But, it can be easily created, as it appears to just be a 5 period Exponential Moving Average of a 5 period Exponential Moving Average and then the bands are offset above and below that value.

Refer to the following for the Exponential Moving Average:
Moving Average - Exponential

And refer to the following for creating bands based on a Standard Deviation:
Standard Deviation Bands
For the most reliable, advanced, and zero cost futures order routing, use the Teton service:
Sierra Chart Teton Futures Order Routing
[2021-04-23 16:11:31]
Sierra Chart Engineering - Posts: 104368
I see people using a price zone tool but this does not seem to be a default tool
Can you provide us a screenshot of 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
[2021-04-23 16:20:01]
User900676 - Posts: 57
https://twitter.com/doublewidecap/status/1385580262264688647?s=21

The grey box on this chart for example
[2021-04-23 18:04:04]
John - SC Support - Posts: 30444
There are any number of ways that box could be calculated, or drawn. We would need more information on how it is derived.
For the most reliable, advanced, and zero cost futures order routing, use the Teton service:
Sierra Chart Teton Futures Order Routing
[2021-04-23 21:22:32]
User900676 - Posts: 57
How about if it was Based on volume at price?
[2021-04-26 13:55:19]
John - SC Support - Posts: 30444
It could be the Value Area High and Low from a VbP. Refer to the following:
Volume By Price Study: Volume Value Area

Also, if you follow the instructions in that section and use the Value Area Lines study, then you could also fill in the area between the lines, as is shown in the image, but following these instructions:
Chart Studies: Filling the Area Between Two Study Subgraphs within Same Study
For the most reliable, advanced, and zero cost futures order routing, use the Teton service:
Sierra Chart Teton Futures Order Routing

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