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Initial balance on daily chart

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[2014-05-23 16:08:35] #1 [Go To First Post]
LUCA_SIERRA - Posts: 8
I need to do a spreadsheet study on Initial Balance. I see (to me) it works only on 60min bars chart If I set a daily charts the Initial balance indicator doesn't work. I need an acceptable historical data example to make the study and if I set a 60min bar with IB it is not enoght. Please let me know Regards

[2014-05-23 21:47:49] #2 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
For what time period do you want to calculate the initial balance for? If it is less than 1 day, then you cannot use a Daily bar chart. If you update to the latest Sierra Chart release, you can access more reliable historical data when using Interactive Brokers. Refer to the version notes for version 1141. 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

[2014-05-24 22:03:12] #3 [Go To First Post]
LUCA_SIERRA - Posts: 8
For the day, I want the usual Initial Balance the range from 8:30 to 9:30 Central. I have Rithmic datafeed, but having the Sierra Package 3 I have Sierra Historical data. I just want to use a daily chart because it goes back more days. If I do it on a 60min chart I get the same result but for much less days.

[2014-05-24 22:56:33] #4 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
Calculating a 1 hour initial balance requires a Intraday chart. And the time period per bar cannot exceed 1 hour and needs to evenly divide into 1 hour. Update your copies of Sierra Chart the latest version and use the Continuous Futures Contract feature on an Intraday chart: http://www.sierrachart.com/index.php?l=doc/doc_ContinuousFuturesContractCharts.html 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

[2014-05-26 14:22:31] #5 [Go To First Post]
cmet - Posts: 534
On your daily chart, use the Study/Price Overlay from the 60 Min Chart.

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