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Extending naked POC in Sierra?
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Extending naked POC in Sierra?

  #11 (permalink)
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las vegas
 
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Maybe I could do it, but I'm not understanding the concept.

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  #12 (permalink)
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vegasfoster View Post
Maybe I could do it, but I'm not understanding the concept.

Add the Volume by Price study. Then take the point of control, and simply continue that line out to the right until price trades at that level.

If one month ago the VPOC was 1300.00 and price has not since traded at 1300, then that is still a naked or virgin point of control. If today price trades at 1300, then you would stop extending the line as of today.

The line should be extended starting with the close of the session on the day the POC was generated, and continued to the right until when price trades at that level again.

Mike

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  #13 (permalink)
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Too advanced, sorry.

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  #14 (permalink)
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BTW, this was added in 840!

Looks fantastic.

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Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

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  #15 (permalink)
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Big Mike View Post
BTW, this was added in 840!

Looks fantastic.

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Mike

Fwiw, SC is in the process (somewhere between evaluating and developing) an auto peak/valley feature. No idea what timeframe, but we keep +1'ing the thread juuuuuuust in case they get the idea we may have given up on getting this feature

Luck is what happens when preparation meets opportunity. ~ Seneca
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  #16 (permalink)
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omni72 View Post
Fwiw, SC is in the process (somewhere between evaluating and developing) an auto peak/valley feature. No idea what timeframe, but we keep +1'ing the thread juuuuuuust in case they get the idea we may have given up on getting this feature

Do you have an illustration of this concept? I am not sure I am thinking of the same thing as you are describing.

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Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
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  #17 (permalink)
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New thread to track requests:

https://futures.io/sierra-chart/19387-sierra-chart-feature-requests.html#post211730

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

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  #18 (permalink)
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Big Mike View Post
Do you have an illustration of this concept? I am not sure I am thinking of the same thing as you are describing.

Mike

Absolutely. The gist of it is automatically drawing horizontal lines at Low Volume Nodes (LVN) and High Volume Nodes (HVN). Basically it calls out subordinate VPOCs and areas without volume. The granularity is user configurable, so you can end up with a lot of H/LVNs or just the more prominent levels.

Btw, it is a feature that his awesomeness Chad has built into IRT. In fact, I grabbed a section from an image FT71 posted as an example (original image: 04.12.2012-10.06.36 - FuturesTrader71's library).

Luck is what happens when preparation meets opportunity. ~ Seneca
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Extending naked POC in Sierra?-bmt-es-autopeakvalleycompositelines-ft71.png  
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  #19 (permalink)
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omni72 View Post
Absolutely. The gist of it is automatically drawing horizontal lines at Low Volume Nodes (LVN) and High Volume Nodes (HVN). Basically it calls out subordinate VPOCs and areas without volume. The granularity is user configurable, so you can end up with a lot of H/LVNs or just the more prominent levels.

Btw, it is a feature that his awesomeness Chad has built into IRT. In fact, I grabbed a section from an image FT71 posted as an example (original image: 04.12.2012-10.06.36 - FuturesTrader71's library).

Oh man, that would be awesome.

Would you re-post this in that new feature request thread I just created, so we can keep track? Link to the SC thread if you have it.

Anthony will be presenting a webinar on futures.io (formerly BMT) this Thursday and will be covering a lot of new features and profile charts, plus some homework statistics and study exportable data.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #20 (permalink)
Elite Member
Tulsa, OK
 
Futures Experience: Beginner
Platform: Jigsaw, Ninja Trader, Sierra Chart
Broker/Data: Ninjatrader/Rithmic
Favorite Futures: G&L Tribute Series Rampage
 
omni72's Avatar
 
Posts: 348 since Jan 2012
Thanks: 582 given, 619 received



Big Mike View Post
Oh man, that would be awesome.

Would you re-post this in that new feature request thread I just created, so we can keep track? Link to the SC thread if you have it.

Anthony will be presenting a webinar on futures.io (formerly BMT) this Thursday and will be covering a lot of new features and profile charts, plus some homework statistics and study exportable data.

Mike

You got, it has been posted. I'm really looking forward to that webinar. Very interested to see what's going on with the homework stuff. IRT has a pretty extensive homework feature set, and it'd be awesome if SC gets enough interest to start building out their own homework functionality.

Luck is what happens when preparation meets opportunity. ~ Seneca
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