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Direct MessagesDate/Time: Sat, 27 Apr 2024 18:18:32 +0000
[User Discussion] - Pullback and reversal bar idea
View Count: 3559
| [2014-06-19 14:38:11] |
| Zbob - Posts: 6 |
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Theory: The market auctions to a level that is then met by new participants. These new participants begin a new auction counter to prior auction. To see the auction behavior, does anyone know how to setup the reversal bars, in the number bar format, using the pullback column to draw the new reversal bar with only the data taken from the pullback column? I would not want to combine the move up and then the response back down in the same bar unless it continued in its current up move. Only draw the new reversal bar after X# of ticks counter. For example, in the linked image http://screencast.com/t/JwbvM5j8 you will see the pullback column on the far right, and the current reversal bar it is building on, however, the pullback data is being included in the prior 12tick reversal bar (which is the up auction). I do not want this! I would like this data (pullback column down auction) held out of that 12tick reversal bar and for it to build a new reversal bar beginning from that top tick to 12ticks lower (if it were to get 12 ticks lower) so i can see each "auction" participation strength. So, the new graphics should show the next 12 tick reversal bar beginning at the high of the previous 12 tick reversal (and not at exactly 12 ticks from the top or bottom) with the correct auction participant and the new bar only to include the new auction data. Can or has this been done? Thank you in advance! |
| [2014-06-19 15:03:32] |
| Zbob - Posts: 6 |
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So this video shows what is undesired http://screencast.com/t/mVyQujgHDoB I want to keep the pullback bar data for the new reversal bar and not include it in the prior reversal bar. |
| [2014-06-20 16:10:17] |
| Zbob - Posts: 6 |
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Sierra Chart Engineering... could you implement this request?
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| [2014-06-20 18:45:58] |
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You need to understand, it takes time to understand a request like this. And it could be many months before we even have time to look at this. So we cannot answer the question. 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 |
| [2014-06-20 20:25:50] |
| Zbob - Posts: 6 |
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I understand, hopefully I can clear this up a little. There doesn't seem to be much coding, since the backbone is already in place, just a logic change as to how to address the pullback bar data in the prior reversal bar. All I'm looking for is to hold out the pullout bar data from the prior reversal bar data (12 tick reversal chart setup) unless the pullout period continues in the same direction as the reversal bar. If it continues in the same direction as the reversal bar (makes a lower low if it was originally going lower, or higher high if it was originally going higher), then combine all pullout data up to that point back into the reversal bar. But, if the pullout bar happens to counter the reversal by exceeding the reversal setting (in this case, 12 ticks) then draw it as a new reversal bar beginning from the point at which the pullout bar originally began. What I'm interested in is the responsive action in the market at my settings. Like a V bottom on a chart. I want to know the type of volume coming down into that point on the V and coming up out of it in two separate number bars and in no way mix the two "auctions". I've included my chart book for settings and reference. I greatly appreciate all the great work your team has done! It's beautiful how well SierraChart runs and its versatility and value versus many other platforms. Date Time Of Last Edit: 2014-06-20 20:29:46
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 NQ reversal and pullout bars.cht - Attached On 2014-06-20 20:24:22 UTC - Size: 159.2 KB - 466 views |
| [2014-07-07 20:45:05] |
| Zbob - Posts: 6 |
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http://www.screencast.com/t/z4zoUD68Mn Video starts at 9 seconds, continues until the end. I don't know if the ability already exists to do what i want in this video (different settings) or if some additional feature programming is required. SC team any ideas? This is a lot like a "commitment of traders" after a certain price level is auctioned. |
| [2014-07-09 08:07:00] |
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We will have a quick look at this again.
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 |
| [2014-09-26 15:40:41] |
| Zbob - Posts: 6 |
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Any updates or other questions to clarify this request?
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| [2014-09-26 22:00:17] |
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We are not going to be able to help with this. We do not fully understand it and we have other development priorities.
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 |
| [2014-09-27 07:09:09] |
| enemyspy - Posts: 304 |
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the best would be if the zig zag indicator was converted into an available numbers bar type. so that once a new reversal bar (zig zag) is confirmed it breaks off the volume traded past the time stamp of the low tick and puts it on the reversal bar. I am trying to figure out how to code this myself I can do it with a spreadsheet but that is completely useless and impractical. I'll let you know in like 10 years once I get it figured out. |
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