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Looking for Momentum bar chart Indicator
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Looking for Momentum bar chart Indicator

  #1 (permalink)
Trading Apprentice
Greeley Colorado
 
Futures Experience: Intermediate
Platform: sierra
Favorite Futures: crude CL
 
Posts: 7 since Nov 2016
Thanks: 0 given, 0 received

Looking for Momentum bar chart Indicator

I have searched the boards here and looked at the available indicators and I haven't found anything in Sierra that does what I am looking to do. I can't find this with any other charting provider either for that matter. I would be happy to have it developed if someone can give me a referral. The indicator is very simple. I would like momentum plotted for high, low and close on a bar chart versus the average of a prior period, usually 3 period averages. I have found several indicators that do a HLC / 3 and plot with a line chart but that isn't what I am looking for. I have attached a couple of shots that show graphically what I am looking for as well as the math. Currently this is being done with Excel and would like to have a more convenient way to do this. Thank you


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  #2 (permalink)
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  #3 (permalink)
Elite Member
Greenville, SC
 
Futures Experience: Beginner
Platform: Sierra Chart
Favorite Futures: NQ
 
Posts: 38 since Jul 2015
Thanks: 161 given, 61 received


Somebody will probably post a better solution, but here is a hacked together job using Sierra's built in studies. Just add it to your Sierra Charts Data folder.

If you have problems let me know.

Attached Files
Register to download File Type: stdycollct BarMomentum.StdyCollct (55.9 KB, 7 views)
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  #4 (permalink)
Trading Apprentice
Greeley Colorado
 
Futures Experience: Intermediate
Platform: sierra
Favorite Futures: crude CL
 
Posts: 7 since Nov 2016
Thanks: 0 given, 0 received


pludloe View Post
Somebody will probably post a better solution, but here is a hacked together job using Sierra's built in studies. Just add it to your Sierra Charts Data folder.

If you have problems let me know.

That didn't seem to work for me. It opened a subgraph but it was blank. Thanks for trying. I did get one working but it's static to 3 period calculation for the average. I would like to create something so that the average that is calculated is based on a user defined input. For example if I wanted to compare a daily range versus a 50 day average.

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  #5 (permalink)
Trading Apprentice
Greeley Colorado
 
Futures Experience: Intermediate
Platform: sierra
Favorite Futures: crude CL
 
Posts: 7 since Nov 2016
Thanks: 0 given, 0 received

And for anyone that sent me a PM I was unable to reply because I don't have enough posts.

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  #6 (permalink)
Elite Member
Greenville, SC
 
Futures Experience: Beginner
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naesm View Post
That didn't seem to work for me. It opened a subgraph but it was blank. Thanks for trying. I did get one working but it's static to 3 period calculation for the average. I would like to create something so that the average that is calculated is based on a user defined input. For example if I wanted to compare a daily range versus a 50 day average.

Sorry, I don't know what's happening. I am on Sierra build # 1481 ( I think).

I can explain how it is made if you like. If not, then good luck.

I'm attaching a pic I should have included i
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  #7 (permalink)
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Tallinn, Estonia
 
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naesm View Post
That didn't seem to work for me. It opened a subgraph but it was blank. Thanks for trying. I did get one working but it's static to 3 period calculation for the average. I would like to create something so that the average that is calculated is based on a user defined input. For example if I wanted to compare a daily range versus a 50 day average.

Do you use black backround ?

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  #8 (permalink)
Trading Apprentice
Greeley Colorado
 
Futures Experience: Intermediate
Platform: sierra
Favorite Futures: crude CL
 
Posts: 7 since Nov 2016
Thanks: 0 given, 0 received


lemons View Post
Do you use black backround ?

Yes that was probably the issue. I have it figured out now. Now all I need to do is get it so I can edit the period that is used so I can dynamically set the period. For example a 50 day average rather than a 3 period. Any ideas?

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  #9 (permalink)
Elite Member
Tallinn, Estonia
 
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Broker/Data: Oanda
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naesm View Post
Yes that was probably the issue. I have it figured out now. Now all I need to do is get it so I can edit the period that is used so I can dynamically set the period. For example a 50 day average rather than a 3 period. Any ideas?

Change moving average to 50.

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  #10 (permalink)
Trading Apprentice
Greeley Colorado
 
Futures Experience: Intermediate
Platform: sierra
Favorite Futures: crude CL
 
Posts: 7 since Nov 2016
Thanks: 0 given, 0 received


So I was able to change the moving average but I am not sure why but I don't think the numbers are correct. Here is an image where the momentum is calculated in sheet using the analysis tab and the two indicators don't match.

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Looking for Momentum bar chart Indicator-momentum-compare.png  
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