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Direct MessagesDate/Time: Sun, 19 May 2024 05:43:42 +0000
Point and Figure - based on time scale
View Count: 1219
| [2019-01-01 23:11:51] |
| User257019 - Posts: 25 |
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Hello team, I´m still on free period testing everything I can to see if Sierra Chart fits my needs. I really think you are awesome, but would like to confirm one thing. I was using Point & Figure chart with candlestick body only bars to find "interesting prizes" / resistances / supports... In the other platform I was using, you could scale based on time (in my case: one chart 60 minutes, one chart daily); this way, huge volumes will tell you the interesting prizes, so I was drawing a ray in the closure of that bar. Just wanted to know if I could do the same thing with Sierra Chart. I´m attaching some pictures so you can understand what I´m talking about. THANKS! |
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| [2019-01-02 22:01:25] |
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To do this, you can use this particular study: Point and Figure Chart You can set the underlying chart bars to 60 minutes per bar. Or you could use the built-in Point and Figure Bar Period Type. You would select a Point and Figure chart with a box size of 2 and a reversal of 3, along with Candlestick Body Only bars. Refer to the following Chart settings: Chart Settings: Point and Figure Bar (Intraday Charts) and Graph Draw Types But this last method does not do exactly what you want. 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: 2019-01-02 22:01:52
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| [2019-01-03 09:55:34] |
| User257019 - Posts: 25 |
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Dear team, I really appreciate your time providing me the answers. I´ve tried the first approach, which leads to two approaches (as the documentation is recommending at the same time another way - point 1): 1. Setting the chart as "Intraday Chart / Point and Figure Bar (BoxSize in ticks - ReversalSize)"; which say it´s the recommendation. In this case I cannot see where could I find the 60 minutes period per bar, as it´s asking for BoxSize and Reversal. 2. Using P&F study: I set the chart to Days-Mins-Secs Per Bar, configuring 60 minutes per bar. Then create the study with Reversal Size 3, box size 2. In the configuration I set "Point and Figure X-O Columns" and that´s it. It seems to be similar to what I´m looking for. My question is, as the recommended way in the documentation is point 1, is there any way to reach what I have in point 2 but using point 1? THANKS! BTW, I´m going to purchase it soon :) I believe 6 months :) |
| [2019-01-03 18:11:12] |
| User257019 - Posts: 25 |
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My apologies, I just realized that what I did in point 2 is not showing the same thing as in the other platform :( If you could help me to get that configured I would really appreciate it team. |
| [2019-01-03 21:34:45] |
| John - SC Support - Posts: 31704 |
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What precisely is different between the two platforms?
For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2019-01-03 22:18:02] |
| User257019 - Posts: 25 |
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Thanks for reaching out John. Please let me elaborate the different approaches with pictures (attached): 1. In the other platform, you can see the high volume (>500K) on two days: September 7th and November 24th. In SC I cannot configure it to look the same. For this case I´ve took these pictures: graphFromJuneNT.PNG, Approach1GraphFromJuneSC.png, Approach1-settings.png. 2. If I configure the chart as Point and Figure (Chart Settings > Bar Period type > Point and Figure), it seems I am not able to find any setting to configure 60 minutes per bar (no study here). Thus, the timeline per bar is between 1 and 5 minutes usually. I hope it´s better understandable with the pictures. Thanks again team. |
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| [2019-01-03 22:39:00] |
| John - SC Support - Posts: 31704 |
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To start with, as you have seen, the Point and Figure Study is going to more closely match to what you are looking for, so be sure to stick with the study as opposed to changing the Chart Type. Since we are not familiar with how Ninja Trader does their calculations, the best we can do is to recommend you look at the options that are available in the Sierra Chart study and try changing them one by one. For example, we do not know if the Input for New Bar at Start of Day should be a Yes or No (although it looks like this should probably be set to Yes, at least to me it looks like this would match up to their setting for "Break at EOD"). And it may be a combination of settings to get you closer. But even then, it may not be an exact match to how they do their calculations as opposed to how Sierra Chart does the calculations. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2019-01-03 23:30:44] |
| User257019 - Posts: 25 |
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Thanks mate. I´ve been testing a bit more. I managed to fix it in the 60 minutes P&F chart, you needed to set the start and end time (session times) from 8:00 to 22:00 as it was by default in NT for that symbol. Even the volumes are exactly the same. Box Size: 2 Reversal Size: 3 Box Size percentage: 1 Set to Yes only: "Ignore Last Bar Until Completed", "Calculate Only Using Close Prices" However, setting the session time didn´t completely help for the daily P&F chart unfortunately. It´s similar but not the same, I believe it has to be to another parameter that they are using to calculate things. If you would have any further ideas please share!! I´m attaching another picture of a small time frame, you can see how NT is collapsing some days in one column, and in SC that is done for another different bars; this way the volume looks different for different bars. THANKS! |
 DailyPF.png / V - Attached On 2019-01-03 23:28:41 UTC - Size: 11.95 KB - 285 views |
| [2019-01-21 20:09:15] |
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There is not more help we can provide in regards to 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 |
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