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Date/Time: Thu, 28 Mar 2024 13:53:55 +0000



weekly and monthly profile and candlestick charts

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[2020-07-08 02:47:51]
Steve Leon - Posts: 289
1) Do you recommend using intraday chart setting or historical chart setting to create weekly and monthly market profiles and volume profiles ?

2) For weekly and monthly price charts do you recommend using historical or intraday charts

any specific suggestions/key points to consider when choosing "timeframe setting" for the above

Thank you
Steven Leon
[2020-07-08 05:17:40]
Sierra Chart Engineering - Posts: 104368
Definitely use Intraday data for weekly profiles. And monthly if you need precision. Otherwise, historical Daily data might be ok for monthly. But probably not.
Sierra Chart Support - Engineering Level

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[2020-07-08 22:10:06]
Steve Leon - Posts: 289
Thank you this was extremely helpful !

I have three follow up questions:

1) What do you suggest I use for intraday time settings (day-min-sec) for a TPO/VP? I was thinking day should be = 0 because its intraday. For minutes I was thinking of either using 1 min or 30 min (given market profile). So would you suggest (0-1-0) or
(0-30-0)

2) Despite reading as much as I can on the support board i still dont understand the difference between historical data and intraday data ? I feel like if i really understood it i would not be asking these questions. Can you try to explain the differences and when one would be used over the other. I thought that because its a weekly TPO/VP it would use historical data. Seems like I am not understanding the difference or how to apply in different situations/different charts.

3) Which of the two types allows to obtain data further back in time ? I would think historical but i read that there is a limit of 1095 days. Is this correct ? Also for intraday chart do the number of days to load, go further back in time ? For ES (using SC data feed how far back in time are you able to go for a continuous contract (how many days to load is maximum).

Thank you very much. Your time is greatly appreciated

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