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Date/Time: Sat, 07 Dec 2019 01:24:20 +0000



Formula you convert Point and Figur chart to candle stick charts

[2019-06-10 20:35:59]
User266447 - Posts: 10
Dear Sir or Madam,

Could you provide the formula you use to convert Point and Figure chart into candlestick charts, please?

I look forward to hearing from you soon.
Kind regards,
Arek
[2019-06-11 00:09:00]
Sierra Chart Engineering - Posts: 78974
You just need to set the Graph Draw Type to Candlestick Bars in the Chart Settings. Refer to:
https://www.sierrachart.com/index.php?page=doc/PriceGraphTypes.html
Sierra Chart Support - Engineering Level

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[2019-06-11 10:08:41]
User266447 - Posts: 10
Could you share the formula you are arriving with, please?

It is important to know how its done.

Please help.
Kind regards,
Arek
[2019-06-11 17:23:50]
Sierra Chart Engineering - Posts: 78974
There is no formula unless you are referring to the method of construction for Point and Figure bars? If so, refer to:
https://www.sierrachart.com/index.php?page=doc/StudiesReference.php&ID=140&Name=Point_and_Figure_Chart
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. If possible please keep your questions brief and to the point. Please be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

If your question/request has been answered and you do not have anything further, then it is easiest for us if you do not reply again to say thank you.
Date Time Of Last Edit: 2019-06-11 17:24:42
[2019-06-11 19:36:17]
User266447 - Posts: 10
Dear Sir or Madam,

Thank you for your reply.
We are building an albo which based on Point and Figure (P&F) but the decisions have been made based on P&F converted to candlesticks from Sierra Charts. It will help a lot if you could provide the way Sierra Charts converts P&F into candlesticks.

This will help a lot.

Kind regards,
Arek
[2019-06-13 19:37:21]
User266447 - Posts: 10
Dear Sir or Madam,

When I imported historical data (10 seconds time interval with volume) and converted into a Point and Figure charts on our own system we are not sure how to convert the volume from 10 sec. charts into Point and Figures charts. There is a formula to convert time charts into a point and figure charts but how we can convert volume accurately?

Please advice.
I look forward to hearing from you soon.
Kind regards,
Arek
[2019-06-14 16:04:04]
User266447 - Posts: 10
Dear Sir or Madam,

When I imported historical data (10 seconds time interval with volume) and converted into a Point and Figure charts on our own system we are not sure how to convert the volume from 10 sec. charts into Point and Figures charts. There is a formula to convert time charts into a point and figure charts but how we can convert volume accurately?

Please advice.
I look forward to hearing from you soon.
Kind regards,
Arek
[2019-06-16 02:11:50]
Sierra Chart Engineering - Posts: 78974
We have updated the documentation here:
https://www.sierrachart.com/index.php?page=doc/ChartSettings.html#PointAndFigureBar

We added this section:
The Open value represents the first price of the chart bar and would be the price that caused a new chart bar to start. The High value is the highest price during the chart bar. The Low value is the lowest price during the chart bar. The Last value is the last trade price of the bar. The volume of the chart bar will be the volume of all of the trades contained within the chart bar. When the chart bar is displayed using either the OHLC Bars or Candlestick Bars for the Graph Draw Type, the true Open, High, Low, Last values are displayed.

The way that Sierra Chart would handle records which consist of more than one trade, when building Point and Figure bars is the price range and volume which that record represents, is going to be added to the Point and Figure bar that it is included in.
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. If possible please keep your questions brief and to the point. Please be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

If your question/request has been answered and you do not have anything further, then it is easiest for us if you do not reply again to say thank you.
[2019-06-20 09:00:25]
User266447 - Posts: 10
Hello,

I am referring to my last question:
According to this document: https://www.sierrachart.com/index.php?page=doc/StudiesReference.php&ID=140

even three P&F bars can be built (or added to) from just one underlying data bar:

"For example, if the Point and Figure column currently being built is up and the underlying data bar is determined to be a rising bar, meaning the Low was made first, then Sierra Chart checks to see if the Low causes a reversal. If it did, a reversal will be made. Sierra Chart will then look at the High to see if a new box or boxes can be added if no reversal was made from the Low. Or if a reversal was made from the Low, Sierra Chart will look at the High to see if a reversal needs to be made from the new down column."

However, it is not explained how volume is processed from the underlying bar. Is it only added to the last P&F bar? Or is it evenly divided by the number of new (and updated) P&F bars? I'll be glad if you could explain this precisely.


Kind regards,
Arek
[2019-06-21 03:36:35]
Sierra Chart Engineering - Posts: 78974
That documentation is for the old Point and Figure study.

In the case of when using the Point and Figure Bars Bar Period Type, one Intraday record, a single trade if Sierra Chart is set for a tick by tick configuration, is applied to an individual chart bar and it is not split. So the volume only goes to one bar.
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. If possible please keep your questions brief and to the point. Please be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

If your question/request has been answered and you do not have anything further, then it is easiest for us if you do not reply again to say thank you.
Date Time Of Last Edit: 2019-06-21 03:37:20

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