How to: Setup Sierra Chart with FT71 style Volume Profile - Sierra Chart | futures io social day trading
futures io futures trading


How to: Setup Sierra Chart with FT71 style Volume Profile
Updated: Views / Replies:19,820 / 57
Created: by drw112 Attachments:25

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 25  
 
Thread Tools Search this Thread
 

How to: Setup Sierra Chart with FT71 style Volume Profile

  #41 (permalink)
Elite Member
Paris
 
Futures Experience: None
Platform: NinjaTrader
 
Posts: 1,176 since Oct 2009
Thanks: 227 given, 4,092 received

I'll publish documentation of the settings, and make a video describing them all.
But maybe it -is- too simplistic for what he needs.
One of the parts I find the most useful is the ability to list your favorite profiles in the togglelist, and toggle instantly between them using the / key. Allows you to get multiple views without eating up screen real estate.

Reply With Quote
The following user says Thank You to gomi for this post:
 
  #42 (permalink)
Trading Apprentice
Amsterdam
 
Futures Experience: Beginner
Platform: Sierracharts
Favorite Futures: ES
 
Posts: 8 since Nov 2015
Thanks: 7 given, 0 received

Average Volume per Bar

Hello,

Does anybody know if it is possible in SC to draw a single line within the 15 minute volume bar indicating average volume for that time of the day. As FT71 does for his globex charts. I hope this makes sense.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



Cheers in advance!

Gordon

Reply With Quote
 
  #43 (permalink)
Elite Member
Des Moines, Iowa
 
Futures Experience: None
Platform: Ninja, TOS
Broker/Data: AMP/CQG, TOS
Favorite Futures: CL, TF, GC
 
madLyfe's Avatar
 
Posts: 1,641 since Feb 2011
Thanks: 9,217 given, 1,011 received



gryandc View Post
Hello,

Does anybody know if it is possible in SC to draw a single line within the 15 minute volume bar indicating average volume for that time of the day. As FT71 does for his globex charts. I hope this makes sense.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



Cheers in advance!

Gordon

im actually trying to figure out how to get the relative volume study to look/act like FT71s but have been unsuccessful so far.

dont believe anything you hear and only half of what you see

¯\_(ツ)_/¯

(╯°□°)╯︵ ┻━┻
Reply With Quote
The following user says Thank You to madLyfe for this post:
 
  #44 (permalink)
Elite Member
San Diego, CA, USA
 
Futures Experience: Intermediate
Platform: Sierra Chart
Favorite Futures: CL, ES
 
Tiger45's Avatar
 
Posts: 309 since Sep 2010
Thanks: 203 given, 422 received

Superimpose the relative volume study with volume bars. Make the relative volume bars wider.

Reply With Quote
The following user says Thank You to Tiger45 for this post:
 
  #45 (permalink)
Elite Member
Des Moines, Iowa
 
Futures Experience: None
Platform: Ninja, TOS
Broker/Data: AMP/CQG, TOS
Favorite Futures: CL, TF, GC
 
madLyfe's Avatar
 
Posts: 1,641 since Feb 2011
Thanks: 9,217 given, 1,011 received


Tiger45 View Post
Superimpose the relative volume study with volume bars. Make the relative volume bars wider.

isnt the skinny yellow bar the average volume and the wider bar behind the actual volume?

dont believe anything you hear and only half of what you see

¯\_(ツ)_/¯

(╯°□°)╯︵ ┻━┻
Reply With Quote
 
  #46 (permalink)
Elite Member
San Diego, CA, USA
 
Futures Experience: Intermediate
Platform: Sierra Chart
Favorite Futures: CL, ES
 
Tiger45's Avatar
 
Posts: 309 since Sep 2010
Thanks: 203 given, 422 received

I think it's the other way around, but I'm not sure. Also don't think it matters if you know what each bar is. I'm not an expert on his stuff, but I think he's just trying to compare the actual volume vs the relative volume.

Reply With Quote
 
  #47 (permalink)
Trading Apprentice
Amsterdam
 
Futures Experience: Beginner
Platform: Sierracharts
Favorite Futures: ES
 
Posts: 8 since Nov 2015
Thanks: 7 given, 0 received


madLyfe View Post
isnt the skinny yellow bar the average volume and the wider bar behind the actual volume?

Yes, the skinny yellow is the average and the other the actual volume. I'll have a play around also.

Reply With Quote
 
  #48 (permalink)
Elite Member
Phoenix AZ USA
 
Futures Experience: Advanced
Platform: SierraChart
Broker/Data: TradePro/TransAct
Favorite Futures: NQ YM RTY
 
Posts: 295 since Nov 2009
Thanks: 125 given, 338 received

The Relative Volume study's output is a percentage, so you'll need to multiply it by the volume, then divide the result by 100.

Try this:
1) Add the Volume study, if it's not already on the chart.
2) Add the Relative Volume study, check Hide Study.
3) Add the Study Subgraphs Multiply study, check Hide Study.
-set the Input Study1 to the Volume study, and Volume (SG1).
-set the Input Study2 to the Relative Volume study, and Relative Volume (SG1).
4) Add the Study Subgraph Divide study.
-set the Based On to the Study Subgraphs Multiply study
-set the Chart Region to the same as the Volume study
-set the Input Data to Multiply
-set the Divider to 100
-set the Draw Style to Bar

Note: the Volume study needs to be above the Study Subgraph Divide study in the Studies to Graph list.

Reply With Quote
The following 3 users say Thank You to tomgilb for this post:
 
  #49 (permalink)
Trading Apprentice
Amsterdam
 
Futures Experience: Beginner
Platform: Sierracharts
Favorite Futures: ES
 
Posts: 8 since Nov 2015
Thanks: 7 given, 0 received


tomgilb View Post
The Relative Volume study's output is a percentage, so you'll need to multiply it by the volume, then divide the result by 100.

Try this:
1) Add the Volume study, if it's not already on the chart.
2) Add the Relative Volume study, check Hide Study.
3) Add the Study Subgraphs Multiply study, check Hide Study.
-set the Input Study1 to the Volume study, and Volume (SG1).
-set the Input Study2 to the Relative Volume study, and Relative Volume (SG1).
4) Add the Study Subgraph Divide study.
-set the Based On to the Study Subgraphs Multiply study
-set the Chart Region to the same as the Volume study
-set the Input Data to Multiply
-set the Divider to 100
-set the Draw Style to Bar

Note: the Volume study needs to be above the Study Subgraph Divide study in the Studies to Graph list.

Excellent. Thanks tomgilb.

Reply With Quote
 
  #50 (permalink)
Elite Member
Phoenix AZ USA
 
Futures Experience: Advanced
Platform: SierraChart
Broker/Data: TradePro/TransAct
Favorite Futures: NQ YM RTY
 
Posts: 295 since Nov 2009
Thanks: 125 given, 338 received


The process in Post #48 does not produce the desired outcome. Please do not use it.
The Average Volume (SG4) in the Relative Volume study produces the value you want.

So do this instead:

To overlay this onto a Volume study:
In the Relative Volume study:
-set the Chart Region to the same as the Volume study.
-set the Draw Style of SG4 to Bar
-set all other Draw Styles to Ignore.

Reply With Quote
The following user says Thank You to tomgilb for this post:

Reply



futures io > > > > How to: Setup Sierra Chart with FT71 style Volume Profile

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Sierra Chart TPO chart + composite volume profile Big Mike Sierra Chart 10 August 2nd, 2016 09:15 AM
Webinar: Sierra Chart Ladder, TPO, Volume Profile and "Homework" Big Mike Sierra Chart 16 September 23rd, 2014 04:48 PM
Webinar: FuturesTrader71 (FT71) on Volume Profile Big Mike Traders Hideout 80 November 12th, 2013 09:06 PM
Webinar: FuturesTrader71 (FT71) Volume Profile Methodology and Examples Big Mike Traders Hideout 98 March 7th, 2013 04:13 PM
Volume counter for Sierra Chart Sayounara Sierra Chart 4 November 13th, 2012 09:08 PM


All times are GMT -4. The time now is 04:52 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-13 in 0.08 seconds with 19 queries on phoenix via your IP 54.90.92.204