I'd like to see the opening print of each 30 minutes bar on a chart that uses 3 ticks range per bar as interval. Is it possible by using two data series but without creating any distortion in the smaller interval panel ?
Distortion can be observed, if you want to display two DataSeries on your chart.
In this case you will only load one DataSeries on your chart. The indicator will load the second DataSeries but not display it. This is similar to the pivots indicator, which loads daily data but does not display daily bars on your chart. But the pivots indicator uses an asynchronous loading method.
So the answer is: There should be no distortion.
Last edited by Fat Tails; November 30th, 2010 at 02:51 PM.
Is this a typo 'observeded'. Not sure i understand this word correctly although i can *feel its meaning (vibration of the word). Seriously, you say i can read a second data series without actually adding it to the main chart ? Can i do this without using any script ? If yes, how ?
You need to code the indicator in a way that it calls a second DataSeries. The ratio indicator below is an example. It calculates the ratio for ZB/ZN and displays it on the chart, in this case on a separate panel.
A second DataSeries is added in the Intialize() section of the indicator:
You just need to study a few indicators that have been coded to use several DataSeries and then apply it.
That's pretty powerfull Fat, thanks. Unfortunately, i don't want to begin to code not that i am lazy but i know myself well enough and it would take me too much time. I count on guys like you na, that's a joke!
I think i found an easy workaround using two data series:
That's crazy how usefull this feature can be. These two charts (or rather single chart) show the instruments i trade (ES, TF). We can see the opening print of each 30 minutes bar represented by a blue triangle and a smaller interval (here 5 minutes interval). That's pretty much all i need. The opening print of a 30 min. chart is tracked by many big players and i find it very important when it comes time to evaluate what obstacles are in front of me. The RUSSELL was easier to trade today (at least to me). Look at the small blue triangles and compare both instruments. Thanks for your opening range indicator, very usefull.
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The opening print is simply the open of a given bar. I heard this expression from other traders. Don't know if it is correct as English is not my 'arterial language'.
Here each triangle represents the open of a 30 min. bar. in between you can see the 5 min. bars that compose it. We can better see where price is making a pause or becomes rotational within a certain range. You have an indicator that does that. On the RUSSELL, we can easily observe the pre-Low (Overnight Low) acted as a key pivot. I think this representation makes it easier to spot zones of consolidation and when price shifts position (passes below or above the 50% level within a given zone). The 30 minutes interval is used by Market Profilers so that's one more reason i like to have it along with my shorter time frame.