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Sierra Chart overlay multiple charts
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Sierra Chart overlay multiple charts

  #1 (permalink)
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Sierra Chart overlay multiple charts

What I want to do is overlay multiple charts, so I can compare a single chart vs. a sector.

The "Overlay" study works fantastic if what you want to overlay is a single instrument from another chart. The scale is automatically adjusted.

The "Sum charts from list" study works to sum multiple charts together. But the scale is not automatically adjusted, you are left needing to use a divisor and try to align it manually.

See example here:
https://futures.io/stocks-etfs-trading/14449-f-ford-motor-company-3.html#post246539

F vs auto sector (green line panel 1 represents Tata Motors [TTM], General Motors [GM], Honda Motor [HMC], Toyota Motor [TM], Nissan Motor [NSANY], Tesla [TSLA])

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Another example here:
https://futures.io/stocks-etfs-trading/22058-gm-general-motors-company.html#post246542

GM vs auto sector (green line panel 1 represents Tata Motors [TTM], Ford [F], Honda Motor [HMC], Toyota Motor [TM], Nissan Motor [NSANY], Tesla [TSLA])

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By comparison, if you use the Overlay feature like here:
https://futures.io/stocks-etfs-trading/21829-jpm-jpmorgan-chase.html#post246536

JPM vs XLF (green line panel 1)

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I am plotting JPM as primary, and XLF as overlay (green), and the scale is automatic.

Have I missed something? Is there a way to have the same type of automatic scaling from the Overlay feature, but have it work when you are using multiple charts ("sum")? I don't care about the actual sum value, I just want the plot to be scaled properly to align with the primary instrument plot so I can use it to spot divergence.

Mike

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  #2 (permalink)
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To add a small bit of clarification - the desired plot is still a single line representing multiple other charts, with an automatic scale (like 'Overlay' does).

Mike

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Need help?
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  #3 (permalink)
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Hi @Big Mike,

Two ideas... not tested.

(1) Change the scale of the study 'Sum Charts from List' to 'Independent'

It has to be changed here:
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Extract of the documentation:

Quoting 
Scale Range
[...]
The Independent scale is useful when overlying studies on the main price graph or over other study graphs. It is the default scale for the Overlay study. A graph that uses this scale range type uses a completely Independent scale. Graph values will not match the same values on other graphs in the same region. Graph lines that are over a certain position on another graph in the region may not be over that same position as you change bar spacing, scroll the chart to a different position, or change the size of the window.

(2) Create a custom bar summing the charts that you want to sum, then use the "normal" overlay with the isolated chart.

I could have a closer look on (2) if (1) or other method does not work.

Nicolas

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  #4 (permalink)
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Nicolas11 View Post
Hi @Big Mike,

Two ideas... not tested.

(1) Change the scale of the study 'Sum Charts from List' to 'Independent'

It has to be changed here:
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Extract of the documentation:


(2) Create a custom bar summing the charts that you want to sum, then use the "normal" overlay with the isolated chart.

I could have a closer look on (2) if (1) or other method does not work.

Nicolas

I tried an independent scale already, it did not work - no change, the two series were both 'squashed' along the x axis. I couldn't see a way to automatically set the range of each independent scale. ? I maybe missed something.

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.
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  #5 (permalink)
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@Big Mike,

I would like to reproduce your problem on my computer.

May I know how you have access to the quotation of "F, Tata Motors [TTM], General Motors [GM], Honda Motor [HMC], Toyota Motor [TM], Nissan Motor [NSANY], Tesla [TSLA])"? by IQFeed?

Nicolas

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  #6 (permalink)
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Damn, you are right - solved!

I left out a crucial step. I was hiding the 'sum charts from list', and then adding a SMA average to panel 1... and I forgot to change the Moving Average scale to independent!

I figured it was user error, sure enough... long day

Thx for making me go back and try again.

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
The following user says Thank You to Big Mike for this post:
 
  #7 (permalink)
Site Administrator
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Nicolas11 View Post
@Big Mike,

I would like to reproduce your problem on my computer.

May I know how you have access to the quotation of "F, Tata Motors [TTM], General Motors [GM], Honda Motor [HMC], Toyota Motor [TM], Nissan Motor [NSANY], Tesla [TSLA])"? by IQFeed?

Nicolas

Yes, IQFeed - but issue solved, was my fault - I changed the scale of the 'sum by list', but forgot to change the scale of the moving average which is what I was actually displaying in panel 1. Totally my fault.

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
The following user says Thank You to Big Mike for this post:
 
  #8 (permalink)
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