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Quantify an indicator scale with Price scale
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Quantify an indicator scale with Price scale

  #1 (permalink)
Elite Member
Garden Valley, ID
 
Futures Experience: Intermediate
Platform: Ninja Trader
Broker/Data: Mirus/ZenFire
Favorite Futures: ES
 
Posts: 11 since Oct 2009
Thanks: 6 given, 3 received

Quantify an indicator scale with Price scale

Hi All

I am wondering if any one has a solution to this issue. I run a bollinger percent B on the left of my main chart and the price on the right. the scale floats and is never run fixed for either scale(automatic).
What I would like to be able to do is equate a price level on the right with a percent level on the left. Because the chart and the scale "floats" and dynamically changes (sometimes tick by tick) I don't know how to get from where I'm at to where I want to be which is to have a price equivalent of the changing Percent B values that I can access via a Strategy. I am not a programmer, so I am clueless (in more ways than one).
Is there a solution or code that all ready addresses this issue here on the Forum? Any help would be appreciated...Thanks

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  #3 (permalink)
Trading Apprentice
Washington, DC/United States
 
Futures Experience: Intermediate
Platform: TradeStation
Favorite Futures: ES
 
Posts: 8 since Apr 2012
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Indicator scale vs price scale NT7

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I too run an indicator with scale from 0 to 100 from top to bottom of a chart frame on one side, with a price scale on the other side. But I'm not sure from your post if your expectations of this view output are the same as mine. Perhaps what you expect is not possible, but I share this technique with you should it be of some help: If you've gotten as far as you say, price scale is on one side and indicator on the other. If not, be sure to set it up this way
by clicking on the price bars, choose Properties and in the Visual section under Scale Justification, make your preference as to Right or Left Scale. THEN select Panel 1. Then click on your indicator and go through the same thing using Properties | Visual | Scale Justification and choose the opposite side that you did for your bar scale. THEN select Panel 1 again. ...very important to put them in the same panel. Save and Close that out. Now put your
mouse in the vertical margin side space used by your bollinger indicator and use the combo Shft mouse drag to put 100 and 0 at opposite ends of the top and bottom. Use the combo Ctrl mouse drag to further frame them up properly also from within the vertical margin space. This fixes the scale for your bollinger % and will remain so while the price scale on the opposite side can be allowed to float as price trends up and down freely. If you right click in either of these side frame vertical margins and choose Properties now, you can see Maximum / Minimum viewing ranges you created with the combo mouse routines, as well as Fixed and Automatic for the Range feature. This may accomplish what you're looking for.....

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  #4 (permalink)
Elite Member
Garden Valley, ID
 
Futures Experience: Intermediate
Platform: Ninja Trader
Broker/Data: Mirus/ZenFire
Favorite Futures: ES
 
Posts: 11 since Oct 2009
Thanks: 6 given, 3 received


bsheers View Post
I too run an indicator with scale from 0 to 100 from top to bottom of a chart frame on one side, with a price scale on the other side. But I'm not sure from your post if your expectations of this view output are the same as mine. Perhaps what you expect is not possible, but I share this technique with you should it be of some help: If you've gotten as far as you say, price scale is on one side and indicator on the other. If not, be sure to set it up this way
by clicking on the price bars, choose Properties and in the Visual section under Scale Justification, make your preference as to Right or Left Scale. THEN select Panel 1. Then click on your indicator and go through the same thing using Properties | Visual | Scale Justification and choose the opposite side that you did for your bar scale. THEN select Panel 1 again. ...very important to put them in the same panel. Save and Close that out. Now put your
mouse in the vertical margin side space used by your bollinger indicator and use the combo Shft mouse drag to put 100 and 0 at opposite ends of the top and bottom. Use the combo Ctrl mouse drag to further frame them up properly also from within the vertical margin space. This fixes the scale for your bollinger % and will remain so while the price scale on the opposite side can be allowed to float as price trends up and down freely. If you right click in either of these side frame vertical margins and choose Properties now, you can see Maximum / Minimum viewing ranges you created with the combo mouse routines, as well as Fixed and Automatic for the Range feature. This may accomplish what you're looking for.....

Thanks very much for your reply...I appreciate your input. As you said I may not be able to get what I want because as the scales "range" automatically the value of price at a specific point and the value of Bollinger scale at the same point may or may not be different than 3 bars back or 6 bars in the future. It obviously depends on what the market does as it correlates to Bollinger and the respective scales of both price and indicator as to what their current values are. I'll keep on working on it...and if I get a solution...I'll share it back here with the Forum.
Thanks Again

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