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Date/Time: Thu, 25 Apr 2024 04:01:50 +0000



[User Discussion] - Chart indicator/study query

View Count: 1435

[2019-01-02 13:05:33]
User837624 - Posts: 16
Hi,

I wonder if there already is an indicator or study that could achieve this functionality - I did look through the list of indicators but could not find a good match.
I would like to colour a bar/candle as soon as it goes lower than a previous Low swing point. (Not just a previous bar - that's not useful). The point is that quite often a bar would come very close to the previous swing Low/High and then reverse. The difference could be a tick or two and not immediately clear whether the previous swing point was taken out or not.

Here is a chart snippet indicating the desired functionality: http://www.sierrachart.com/image.php?Image=1546433925858.png


And a similar functionality for "current bar/candle going above the previous swing high".

Maybe there is something that does this already; maybe this is something I could put together from existing parts or maybe this is something you could add in upcoming versions of Sierra? I need something that is quick/easy to use on a fast moving chart. Drawing a line and setting up an "alert" on that line requires too many clicks.

Thank you,
Andrei
[2019-01-02 21:58:14]
Sierra Chart Engineering - Posts: 104368
Use these studies:

Color Bar Based on Alert Condition
Swing High and 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
[2020-02-25 09:20:32]
User837624 - Posts: 16
A tool customisation query.

Hi,

I wonder if the functionality I want already exists or maybe this is something I could add/customise/program myself or perhaps you could add it in the near future.

What I want is to draw a Horizontal Ray from the highest/lowest point of a swing. I don't know if detecting a swing programmatically is an easy thing or not. And I can see 2 possibilities here.
1) some code detects every swing high/low and draws a Horizontal Ray from the outer point of it.
2) I perform some kind of Fn+click on a bar and a Ray is drawn from high or low of that bar, as appropriate.

I looked at Swing High And Low study and it does something similar to what I want (with the "extend lines" option), but the chart gets overloaded by too many lines, which can not be deleted.

Perhaps you could make it possible to right-click and Erase any of those auto-generated lines? That would probably cover my needs for now.

Speaking more broadly, it might already be possible to draw a tool-line based on outputs generated by a study?
Could you please advise if something like this is available or could be done.

Here is an example of what I'm after. Note there are no excessive lines/rays off of every small swing:

http://www.sierrachart.com/image.php?Image=1582622230894.png

Thank you,
Andrei
[2020-02-25 10:30:58]
Ackin - Posts: 1865
Hi, look at:
Swing high low pivot line

ACSIL study Swing H/L pivot line
post #3,#4
image
https://www.sierrachart.com/Download.php?Folder=SupportBoard&download=29152
Date Time Of Last Edit: 2020-02-25 10:31:54
[2020-02-25 22:04:09]
User837624 - Posts: 16
Hi Ackin,

Thank you for a prompt reply. Still not clear, I'm afraid.

If I use "Swing High And Low" study from the "F6" list then I get lots of lines:

http://www.sierrachart.com/image.php?Image=1582667806617.png

And there is no way to remove/hide any of those. If there was a way/option to erase any of those lines then such a study would be a good option for me. Is this possible somehow?

I searched the Support Board for "ACSIL Swing" and didn't find anything specific. Is there any specific study/functionality that does something like this?

Thanks!
Andrei
[2020-02-25 22:31:33]
Ackin - Posts: 1865
Hi,
I don't know what study you're using. Probably default Sierrachart study.....The image above (#4) is one of the variants of the study that I created and which is free to download on our czsk forum.

contact link:
https://www.sierrachart.com/UserControlPanel.php?page=StudyStore&SCDLLName=zyp_download_free

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