NexusFi: Find Your Edge


Home Menu

 





And what about SierraChart


Discussion in Sierra Chart

Updated
      Top Posters
    1. looks_one Big Mike with 56 posts (20 thanks)
    2. looks_two lolu with 51 posts (5 thanks)
    3. looks_3 LukeGeniol with 45 posts (26 thanks)
    4. looks_4 cory with 40 posts (26 thanks)
      Best Posters
    1. looks_one aslan with 0.9 thanks per post
    2. looks_two cory with 0.7 thanks per post
    3. looks_3 chrislb with 0.7 thanks per post
    4. looks_4 LukeGeniol with 0.6 thanks per post
    1. trending_up 133,191 views
    2. thumb_up 259 thanks given
    3. group 37 followers
    1. forum 466 posts
    2. attach_file 83 attachments




Closed Thread
 
Search this Thread

And what about SierraChart

  #211 (permalink)
 
lolu's Avatar
 lolu 
Lagos, Nigeria
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader, SierraChart
Trading: Euro Currency & Oil
Frequency: Daily
Duration: Hours
Posts: 2,552 since Jun 2009
Thanks Given: 1,049
Thanks Received: 1,678


tomgilb View Post
SC doesn't use templates. Instead, they use chartbooks, and study collections (.StdyCollct in the \data folder) shown in the Analysis menu, which you can apply to any chart.

Each chart must be set to the proper Price Display Format for the instrument symbol, but that can be handled automatically in the Global Symbol Settings pane.

The only weird thing when sharing chartbooks is with range bars, which are set in points not ticks. A 5 tick range bar chart for the ES would be set to 1.25, for the 6E it would be 0.0005, for the YM it would be 5.0, and for the TF it would be 0.5.

I guess I don't understand your concern...

Yeah, I meant chartbook/study collections, which is understandably template in NT.

Oh yes, it is that "only weird thing" that I don't like in SC

Lolu

Visit my NexusFi Trade Journal Started this thread

Can you help answer these questions
from other members on NexusFi?
ZombieSqueeze
Platforms and Indicators
Better Renko Gaps
The Elite Circle
Exit Strategy
NinjaTrader
How to apply profiles
Traders Hideout
MC PL editor upgrade
MultiCharts
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Spoo-nalysis ES e-mini futures S&P 500
48 thanks
Just another trading journal: PA, Wyckoff & Trends
34 thanks
Bigger Wins or Fewer Losses?
24 thanks
Tao te Trade: way of the WLD
24 thanks
GFIs1 1 DAX trade per day journal
22 thanks
  #212 (permalink)
 Sawtooth 
Prescott AZ USA
 
Experience: Advanced
Platform: SierraChart
Broker: Stage5, FCM:Dorman, Data:Denali, Routing:Teton
Trading: YM ES NQ
Posts: 474 since Nov 2009
Thanks Given: 219
Thanks Received: 603


lolu View Post
Yeah, I meant chartbook/study collections, which is understandably template in NT.

Oh yes, it is that "only weird thing" that I don't like in SC

Lolu

My point is there is only one thing to change, and only on range charts.

-Tom

  #213 (permalink)
 
aslan's Avatar
 aslan 
Madison, WI
 
Experience: Advanced
Platform: ALT
Trading: ES
Posts: 625 since Jan 2010
Thanks Given: 356
Thanks Received: 1,127


Another refreshing concept is the inclusion of documentation for all of the things you can access from a study (from C++). There are also samples to get you started. All of the doc is web based, and there is video content as well.

Note, it is really low level, and may scare some people away, but it is pretty awesome from my perspective. There is definitely a learning curve, but at least the trail is marked.

  #214 (permalink)
 
cory's Avatar
 cory 
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
Posts: 6,098 since Jun 2009
Thanks Given: 877
Thanks Received: 8,090

one cool thing about SC studycollection/template is if you save it with a hyphen at the end exmp: mycollect- you can apply it to other template without erasing exist studies/indicators.

Thanked by:
  #215 (permalink)
 Sawtooth 
Prescott AZ USA
 
Experience: Advanced
Platform: SierraChart
Broker: Stage5, FCM:Dorman, Data:Denali, Routing:Teton
Trading: YM ES NQ
Posts: 474 since Nov 2009
Thanks Given: 219
Thanks Received: 603


cory View Post
one cool thing about SC studycollection/template is if you save it with a hyphen at the end exmp: mycollect- you can apply it to other template without erasing exist studies/indicators.

Cool. Thanks, I did not know that, but it is there in the documentation (I just checked).

Another example of the depth of flexibility of Sierra...

  #216 (permalink)
 
ibiscmllc's Avatar
 ibiscmllc 
Parkland, FL, USA
 
Experience: Advanced
Platform: NinjaTrader
Broker: Kinetick, Amp Futures
Trading: ES, 6E
Posts: 17 since Aug 2010
Thanks Given: 0
Thanks Received: 6

I am warming up to the idea of using SC as well but I am still hesitant considering the indicator legacy that I have in NT (many custom indicators). I am sure that they can all be reprogrammed in SC but the learning curve will be steep and I am wondering if it's worth the time investment. Has anyone had to recode indicators from NT to SC and if so what was their experience? Any roadblocks along the way, i.e. functionality available in NT that is not readily available in SC?

  #217 (permalink)
 
lolu's Avatar
 lolu 
Lagos, Nigeria
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader, SierraChart
Trading: Euro Currency & Oil
Frequency: Daily
Duration: Hours
Posts: 2,552 since Jun 2009
Thanks Given: 1,049
Thanks Received: 1,678


tomgilb View Post
My point is there is only one thing to change, and only on range charts.

-Tom

I was only interested in using SierraChart’s Footprint features to view the BID/ASK, and ORDER FLOW of the market; I wanted something very similar to GOMVolumeLadder or MarketDelta; you may wish to have a look at my Trading Diary thread; all my charts on pages 1 - 4 of my thread are in SC. So, I had issues with this "weird" settings requirements for my Footprint chartbooks/study collections, be it Minute chart, Range chart, Tick chart, and Renko chart types (these are the chart types that I was interested in).

So, you would note that my interest is not just in only setting up a Range chart. Chris and Cory had shared their chartbooks/study collections with me in the early part of this thread and my experience with this "weird" settings requirements, particularly for my Footprints, is not good for me.

Hey, you will please note that I'm this thread Starter.


Lolu

Visit my NexusFi Trade Journal Started this thread
  #218 (permalink)
 
LukeGeniol's Avatar
 LukeGeniol 
Italy (IT) Italy
 
Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker: Rithmic
Trading: CL, Brent, GC, TF
Frequency: Daily
Duration: Minutes
Posts: 1,499 since Apr 2010
Thanks Given: 408
Thanks Received: 985

@aslan, could you make some 'better' renko studies, obviously if u are interested in.
Thanks.

Edit: 2 threads about renko improvements on SC support Board https://www.sierrachart.com/supportboard/showthread.php?t=21117&highlight=betterrenko, https://www.sierrachart.com/supportboard/showthread.php?t=26683&highlight=renko

Take your Pips, go out and Live.
Luke.
  #219 (permalink)
 
cory's Avatar
 cory 
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
Posts: 6,098 since Jun 2009
Thanks Given: 877
Thanks Received: 8,090

renko study by Sock
*User Contributed Custom Studies and Systems* - Page 2 - Sierra Chart

  #220 (permalink)
 aviat72 
San Francisco Bay Area
 
Experience: Intermediate
Platform: NT,TOS,IB
Trading: ES,CL,TF
Posts: 281 since Jun 2010
Thanks Given: 161
Thanks Received: 273


I am also intrigued by Sierra Charts. I would like to automate a lot of my trading, but can not trust NT. It would be great if folks can share their experience about the following specifics.
  • Tick Based Studies: In NT you can get market data tick by tick when trading live, but do not get it for historical indicators; hence the need for GOMI. Can you get tick by tick data in SC for populating the tick based indicators? As long as the data is pumped in sequence, the resolution of the time-stamp does not matter much, unless you want to exact time.

  • Refering Market Internal Symbols: Can you map different market internal data supplied by IQFeed and use them for charts or auto-trading system?

  • Order Entry and Trade Management System: Do they supply a complete API for you to send and manage orders like the NT unmanaged API or is is restricted to some ATM strategy etc. which they support natively.

  • Referring Other Studies/Indicators: Can you refer to other indicators and studies like you supposedly can with NT?

  • Graphic Capabilities: Do you have any freedom for drawing symbols etc. on your charts as NT has using the .NET APIs or is it restricted to whatever functions they provide for drawing?

  • System Design-Multicore: Do the different charts run as separate threads, allowing you to utilize the power of a multi-core system or is the multi-threading restricted to data download/management.
  • System Design-High Volatility: Does it have any special handling for times where there is high volatility?

  • Volume/Market Profile Indicators: How comprehensive are their Volume profiling indicators, compared to iRT.
    1. Can you draw a profile around any random custom bars or is it tied to a bar/a day etc.?
    2. Can you look at multi-day/multi-week profiles (merged)?
    3. Can you split profiles at specific letters and create new profiles?
  • Rollover: The videos on their site are a bit old so I am not sure how well they handle rollovers, especially when it comes to drawing composite volume profiles.

Visit my NexusFi Trade Journal

Closed Thread



Last Updated on July 24, 2011


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts