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Direct MessagesDate/Time: Fri, 26 Apr 2024 17:46:03 +0000
Problem With Text Offsets In Zig Zag
View Count: 2495
| [2014-09-13 23:58:33] |
| cmet - Posts: 535 |
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Would it be possible to change the way that text offsets are handled in the Zig Zag study? Right now they are based on a percentage offset. As a result, depending on the size of the bar, the text is offset at variable distance. In other words, the text does not maintain a consistent offset to the price bars. I like to separate out the tick increment and volume for each rotation into separate Zig Zag studies. What ends up happening however is the values sometimes overlap. Not sure why this is happening but it makes more sense to have any offset be consistent. Here is an example: This is a 1 minute chart with two Zig Zag studies. One showing size of the rotation and another displaying the volume. The first (green) is offset 10% and the second (yellow) is offset 50% Notice how they don't maintain their distance and sometimes overlap, sometimes move further apart: http://postimg.org/image/uj2q55gxz/ Here are the settings for both studies: http://postimg.org/image/4j2gu5kzp/ http://postimg.org/image/nxalyjskd/ Is there some way this can be fixed? Maybe use a fixed pixel offset from the high/low instead of a percentage? |
| [2014-09-14 04:05:01] |
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We will look into this.
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 |
| [2014-09-14 17:11:47] |
| cmet - Posts: 535 |
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Would it also be possible to have the volume accumulate in real time? Right now, When a new rotation is created, it shows the initial volume for when the rotation is calculated but is then static unless the rotation is increased by a tick where it shows the volume that's been added - then it's static again. Having the volume actually accumulate in real time independently of the tick value of the rotation would be an incredibly powerful tool for day traders since it could help clearly show when absorption is taking place. Example: A swing value of 8 ticks is being used in the zig zag indicator. Tick size of rotation and volume are displayed. Say an 8 tick rotation happens to the up side on 5,000 total volume... 8 5000 Now say the market doesn't move past this but the volume increases to 10,000 8 10,000 During this time, the volume number is changing in real time to reflect actual volume traded. Not many (if any) platforms offer this but it would be an amazing tool because it would take something that's usually done by reading the DOM and display it on the chart in a much more clear, concise way. Date Time Of Last Edit: 2014-09-14 17:13:18
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| [2014-09-15 14:04:00] |
| cmet - Posts: 535 |
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Update: The volume accumulation mentioned in the post directly above actually works when using a Point and Figure chart. However, when using time based bars, it does not. It only updates on new ticks higher/lower. Also, when using time bars (10 second) and using point and figure charts with the same exact Zig Zag settings, the swing distances (int ticks) are the same but total volume counts for the swings are different (often way off). Date Time Of Last Edit: 2014-09-15 14:04:52
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| [2014-09-15 15:07:01] |
| cmet - Posts: 535 |
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It actually works if you plot the zig zag on a point and figure chart. I don't use those for entry through so it would be very valuable to be able to see the same functionality on faster charts. I don't see any resource hit whatsoever on my machine. Tried plotting this zig zag with Study/Overlay but nothing shows up. Works with Range Bars too. But nothing else. Only seems to work if you have a PNF or range of 6 ticks or more. Weird. Date Time Of Last Edit: 2014-09-17 22:05:39
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| [2014-09-16 11:40:45] |
| George - Posts: 60 |
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pst, Have you tried using the ZigZag Cumumlative Volume study, applied to subgraph 2, showing the Value Scale ? This does accumulate the volume in realtime as each trade occurs. The text in the main subgraph is still needed to see the volume of the completed waves. |
| [2014-09-16 13:28:40] |
| cmet - Posts: 535 |
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Not looking for total accumulated volume over the day, only over each separate rotation. The volume calculations are off anyways using the zig zag on minute based charts. Not sure if it's Rithmic or Sierra but they are not accurate. Will bring it up in a new thread with an example. |
| [2014-09-17 21:06:21] |
| Al SC Developer - Posts: 434 |
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In ver 1193, there will be new option in ZigZag study "Text Label Offset Specified As" which will allow you to specify percentage or tick size. The "Text Label Offset" will specify the magnitude like it does today.
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| [2014-09-17 21:09:04] |
| cmet - Posts: 535 |
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Will you be able to implement real time volume accumulation in the ZigZag study for all bar types/durations? |
| [2014-09-18 02:26:16] |
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No. Not now.
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 |
| [2014-09-18 12:13:29] |
| cmet - Posts: 535 |
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Would it be possible to know why there is real time volume accumulation on a 6 tick Point and Figure chart but not on the other bar types or lower durations?
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| [2014-09-19 13:29:28] |
| Al SC Developer - Posts: 434 |
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I think there is a misunderstanding on the real time volume accumulation. When a new pivot is made, the volume is accumulated thru that bar. While that bar remains the last bar, the accumulated volume will continue to update, because that volume is still part of the swing. Once a new bar starts (without extending the prior pivot), the volume is still accumulated, but it is not yet known if it will be part of the current swing or a new reversal swing, so it is not added into the accumulated volume for the prior swing. You can see the accumulated volume for the new bars using the Tools Values Window or the ZigZag Accumulated Volume study. When the new bars do extend the prior swing, then the volume is added into the prior swing and updated. This is working as designed.
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| [2014-09-19 13:34:57] |
| cmet - Posts: 535 |
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Okay, thanks. Would it be possible then to add an option to post the numerical value of the Zig Zag Cummulative Volume above the price bars and have them accumulate in real time on each new bar? Another method would be to add the Zig Zag study to the Study/Overlay? Right now, nothing displays when you try to overlay another charts Zig Zag. The goal ultimately is to see volume accumulation but price remaining the same (or close to it). This is a very powerful entry timing method. Date Time Of Last Edit: 2014-09-19 13:37:39
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| [2014-09-22 19:00:46] |
| Al SC Developer - Posts: 434 |
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The accumulated volume is a subgraph within the study, so you can write a simple study that links to the ZigZag study (see SetChartStudySubgraphValues/GetChartStudySubgraphValues - http://www.sierrachart.com/index.php?page=doc/doc_ACSIL_Members_scInputs.html#scInputSetChartStudySubgraphValues), and pulls the final accumulated value and displays it on the chart via text.
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| [2014-09-22 19:12:34] |
| cmet - Posts: 535 |
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Thanks. Have zero coding experience. Any chance you could make it so that the Study/Overlay works for the Zig Zag? Using Zig Zag on a 6 tick Point and Figure chart works perfectly at showing accumulating volume in the way I would like to use it. Execution timing requires a much faster chart with more information. Being able to overlay the Zig Zag values from a 6 tick PNF would be ideal. Doing this from the Zig Zag Accumulated Volume presents a problem because it repaints based on new highs/lows in the zig zag. Question: Why does the volume accumulate in the zig zag in real time on PNF charts regardless of new highs/lows and works sometimes on 5 minute charts but doesn't on charts below 4 minute? Here is a video of a 6 tick PNF, a 5 Minute and a 30 second chart of ES. Notice the 6 tick PNF on the left accumulates volume in real time, the 5 minute and 30 second do not. Also, though the Zig Zag indicators are identical, the cummulated volume for on each chart is different - why is that?: http://tinypic.com/player.php?v=bjbw2e%3E&s=8#.VCB5bxa8ES9 Please watch full screen Date Time Of Last Edit: 2014-09-22 19:33:45
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