sierrachart just needs a better marketing department but then again I don't want them to spend on it and raise the price so lets just say its a rare find.
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sample of renko chart book, save it to /serrachart/data folder, click OC (open chart) button then point to the chart book to open it. remember to rename it without .zip
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Have a look at my Gold chart. I threw in EMA 50 and BidVolume vs AskVolume studies. ES (which is the chart book you sent to me) and YM are OK too.
However, CL display very few bars/candles and 6E does not seem to load because no bars/candles are displayed at all. I'm lost on what could be responsible for this. Do you have any idea why I'm having 6E not displaying any bars/candles; and CL is displaying very few bars/candles. My other 6E chart books form very well.
0.001 works for 6E but the boxes are small; until I change your "Range Bar --> 0.25" to "Days-Mins-Secs --> 0-5-0" (i. e. 5 minute intrabars period). I'll work with this setup.
chrislb's chart screenshots in post 3 above are very interesting. They are similar to the GOM stuff. I wish that chrislb can post his setup or studies and study collection files.
Your screenshots are very similar to the GOM stuff. Please can you share your studies and/or studies collection. In the alternative, could you post a link where I can obtain the studies setup.
I thought I could load the Point & Figure studies to get this your setup above. However, it did not come at all near what you have. Please can you share the book chart ?
6E is given me a tough time in the PandF setup. ES, CL, and GC are OK.
When I get 6E to form fairly OK (see my attached screenshot on the right), the vertical axis (i. e. price axis) displays prices to ONLY two decimal places. When I tweak it to display the normal four decimal places, the PandF just disappears.
Also, I cannot get the yellow box (see your attached screenshot on the left; see the RED arrow) to display at all in all the instruments.
Aaaaaaaaaaaah !!! I have Version 569. I'll download and upgrade to Version 580 right now. Version 581 is called pre-release; I suppose that is a BETA version.
What do you use NT for ? What do you use Sierra for ? Sierra has features that gives it an edge (in my experience so far ---> look at the PandF chart; look at chrislib's chart) and I'm therefore making a swift switch. I need your views before I subscribe to Sierra next week.
many reasons but the best one its free. My brokers are OpenEcry and AMP future.SC is fast, compact and light on CPU I run it out of an ext hard drive. But NJ has a much bigger community.
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My chars is simply Volume at price indicator (VAP) + bid x ask bar combination, which you can select in the chart setup. I had a request to SC support to align VAP to the left of bid x ask bars, and it was done in two days! So there is nothing special to this, except you have to be on SP5. The trial also gives access to the full range of bar types. But as I stated before, the best thing specially compared to NT, is the replay feature. You can go to every date/time right from one chart and replay, by still having your other chart showing real time data. No disconnection from the data feed!
Sorry I can't post the chartbook, because I don't have 5 posts.
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Infinity got my Sierra trial for me which did not come with SP5. I'm on InfinityAT platform SIM (demo) mode. I have just signed up, today, for my own Sierra trial which is for 15 days. I also plan to subscribe to the real SP5 when my trial expires.
if your trial expires, you can subscribe on a monthly basis for 40$ for SP5.
That's what I did, because I can't figure out trading software in a 15 day trial.
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I don't know the newly implemented post restrictions on futures.io (formerly BMT). Maybe you can't even receive PMs too. In any case, can you use your private e-mail address to send the Sierra bookcharts to my e-mail address omololuwa@me.com.
Now I mess things up here. Sorry.
I didn't checked the allowed file extensions. So in the zip-file is the chartbook for YM and the study collection for a type of footprint chart. Copy both to the data folder.
Then you should be able do select the study in the drop down field.
The following user says Thank You to chrislb for this post:
There are different extensions, but I think the most useful is .cht for "chartbook", which contains one or more charts with most of the needed information. You can rename them, and change the charts to every instrument you want. For indicators/studies you need .dll and .cpp
chris
The studies collection and the bookchart are all contained in the zip file. I already put them in the appropriate folder. However, my account is not Acivated (that is what Sierra says on Login). I've contacted SierraChart to activate my account.
Meanwhile, I still proceeded to load the studies collection and the bookchart but some studies are missing. The only studies I see are Footprint (Volume By Price), Overlay (single Line), Volume By Price, Custome DLL Study, CountDown Timer, and Current Price Line. Maybe, it is required for my account to be activated for me to be able to correctly load your studies collection and bookchart. Or, maybe this file extension issue that Mike is requesting for, do not allow the contents of the zip file to be correctly posted on futures.io (formerly BMT) forum. If he sorts that out, you may need to re-post the zip file.
I haven't checked, if all the studies I use in my chartbook are standard, so if some are missing, you can download them here: https://www.sierrachart.com/index.php?page=doc/error.php
I am not a programmer, so everything is from SC , and has nothing to do with your account setup. As I said, the footprint chart is now possible without any add-on, only VAP + bidxask bars. That is what I like with SC. By the way, I didn't had any crash since I left NT.
I loaded kiwi8.dll and bidaskhistogram.dll but no success (see my attached error messages log). You will note that I'm not connected to any data-feed provider as shown by the "NOT CONNECTED" signal. I'd expected that my demo data-feed from TransAct is till on, but it seems it has not been extended as requested by me last week Friday. Also, the "BAVSummation.dll" could not be found. It seems kiwi8.dll and bidaskhistogram.dll are successfully loaded
I've done a reset of Sierra instead of uninstalling and re-installing. Maybe I'm having this challenge because my SP5 is not activated. chrislib says that SP5 is required for the YM.cht.
The errors are gone. I can load only few instrument's historical daily charts (even with Download failed message); in any case, my data-feed and Sierra Accounts need to be reactivated to enable me have all the bookcharts and studies collection I setup lat week, to correctly load.
Thanks cory
should have explained the complete instructions in the first place.
cory, do you have a chance, to compare the real time TA feed in the footprint to other feeds? I am not sure, how accurate TA and the historical data from the SC server are.
I am aware that all "retail" feeds in terms of bid/ask data are not 100% reliable, but the direction of cumdelta should be right. I tested TT/Zenfire/esignal last year on NT, and they didn't match to closely, specially on fast action. (Hope it is not to off topic)
I now have my Sierra (with SP5) successfully up and running and connected to TransAct.
The YM instrument bookchart forms well (a little different from chrislib's), but 6E is NOT (see my attached two screenshots; 6E on the left and YM on the right). Just like I had the same issue with Cory's Lulu.cht bookchart (which was resolved). I've done various setup with the VAP and Footprint studies but I don't seem to be successful.
As cory already mentioned, your chart looks like the tick size is not properly set. You have to set them in the chart settings and in the VAP subwindow, specially when you copy your chartbook to use it with a different instrument. See below.
chris
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I did all the settings in your screenshot for ES but still no success. So, can you please post the ES bookchart or preferably 6E ? This should guide me in the setup for the other instruments.
This is how "bad" I have gone on the 6E bookchart. I can't figure out the reason for those vertical lines on the chart (they seem to be derived from the "Graphical Settjngs"; and the thick blue color on the left of the chart (must be the VP that is not plotting well)). I've attached the 6E bookchart in zip format (just rename it by removing the ".zip" extension from it) in case you can correct it and post the corrected version.
Still using my Footprint6E_01032010_v1 bookchart, and with some ideas from your CumDeltaVolume6e-.StdyCollct study collection, I get this far (see attached). Those vertical lines are now plotting correctly; the VP is plotting correctly too. I'll still continue to improve on it.
I am not an expert, but after using the footprint stuff first from MD and now with SC, I figured, that the footprint is most valuable in tracking order flow live or in replay mode at S&R. I think charts are nothing more then a GUI for the T&S. Every indicator you throw at that data, might help you visualize some trend or what ever, but to me footprints are one of the closest graphical matches to T&S, so you can see buyers/sellers participating or not at the important levels on a tick scale. To me that is what matters. I try with 5-10x replay to speed up my pattern recognition abilities, because to get better by watching price hit S&R in real time takes a very long time.
chris
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It is just a standard volume + Bid Ask Difference Histogram (from the advanced custom studies) together. Scaling both is a little tricky so. You have to experiment with that, depending on your instrument. The chart overlay is a standard keltner channel, I just testing, to give me a clue about value.
chris
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a couple a days ago i stumbled across this site Electronic Local
mentioned by Brett Steenbarger. I have no idea, if he is so successful as he is posting, but I was inspired by the range bar stuff. So I switched to fesx with 4 point rb. It is amazing to see, how the delta in the bar changes at valid reversals. I have to further explore this. But this was the reason I put the volume on top of the delta histogram. In the chart attached you can see how volume and delta confirms the move. It happens right at support, so it is a nice example for a hindsight trade. I have to work on the real time pattern recognition.
chris
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I want to see how the 4 point rb behaves on 6E. Could you please share/post the bookcharts. You can now directly post the study collection and bookchart file formats on futures.io (formerly BMT); Mike had kindly worked on that.
I wouldn't use my chartbook because I didn't changed a lot and you would have to adapt all that tick stuff again. Just go to chart settings and change as below. But I attache the fesx chartbook as well.
All my efforts to setup a 4 rng 6E Footprint (using my existing 6E bookchart as you suggested above) yielded the attached fuzzy bookchart. It seems I'm having issues to resolve on historical data for the range chart type. Have a look at the X-axis (time axis) to see what I mean; and whenever I have the range bookchart setup, my chart considerably slows down.
Interestingly, I have good Footprint setups for Ticks, Volume, and Days-Mins-Secs chart types, whatever number of ticks, volume, or minutes (respectfully) I chose.
Yeah, 0.001 did it (see my attached screenshot). Is this now a 1 range chart instead of 4 range ? I'm now getting familiar with Sierra various settings and features.
Here is a study collection. I adapted it from the blog, but I like to have the CumDelta (blue line) in the chart, not in a subgraph. Also I don't use his indicator settings, but it is a good start. For E6 you have to adjust the settings for sure.
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The left one is a 60min as you can see in the header. I use it to give me some relevance to time and the daily and weekly vap. The right chart is a 1.25 RB chart.
I've been SIM (demo) trading on InfinityAT platform for sometime now and plan to go LIVE right now. I've actually been SIM (demo) trading on Ninja/Zen-Fire on various brokers platforms (Fx and Futures) for two years now. I just started getting familiar with SierraChart after I've discarded an idea to use it on HotSpotFX a year ago.
My plan has been to place my orders using InfinityAT and use Sierra for my charting activities, with TransAct providing data-feed on both platforms. This is the way I have been SIM-trading for some weeks now. However, I noticed within the past few days that the price movement on InfinityAT and SierraChart differ by as many as 10 ticks during volatile market activities; it was never behaving this way when I started SIM-trading on InfinityAT for some weeks now. This has given me a concern considering that I want to go live on InfinityAT platform.
So, do you use SierraChart for both your charting and order entry/placement activities ? If YES, how is your experience ? Could you also advice me on the InfinityAT/SierraChart combination for order entry/placement and charting activities, respectively.
Lolu
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I traded live with Velocity Future and NT with TT feed. I am on sim right now, because my rules were not clear enough, to get past break even.
I always was into that volume stuff, so I hope things get better as soon as SC implements TT fix adapter. See over here: https://www.sierrachart.com/index.php?page=doc/error.php
It looks like it will take some more time.
chris
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I need to add that it is ONLY the InfintyAT price movement that is out-of-sync with market prices because I note that the prices on NT/Gain (Forex) and two other platforms that I have are in sync and OK. The SC/TransAct data-feed too seems OK. Also, there has been an erratic behavior on my ISP service side within the past few days; and this coincides with when the InfinityAT price movement started to be out-of-sync and sometime disconnects from the InfinityAT services side. In view of all these, and considering that it may take long for the TT feed to come on stream, I may have to opt for SC/Transact or SC/IQ Feed and discard InfinityAT. Do you have any info on SC/IQ Feed ?
I don't know about the combination, but I have used IQ with MD for the footprint charts for some time. That feed is for sure one of the best, but it adds up with two exchanges to more then 150$/month even for just the data feed.
Hope I can stay with Velocity and TT, so I have the same problem right now, with SC/TT fix adapter and no definite answer when it will be implemented.
Is it feasible to tweak the HMA (Hull Moving Average) study to plot "Median" price type (NT nomenclature) or Input Data type (Sierra nomenclature). The only Input Data types available in Sierra are "Open", "Low", "High", "Last" and others; but no "Median".
I'm having a discussion with TT and Velocity in respect of X-Trade platform. The X-Trader platform has the X-Study charting tool. What's your views/comments on all these, considering that you've been with Velocity/TT ?
I tried X_Trader with X_Study, but never really liked it, because I need the chart trading feature from NT or SC. TT implemented it, but removed it after a short time without notice. I know the pros like X_Trader because of the DOM, but I am more a "GUI" typ.
Most important X_Study is as far as I know, a black box, not much to customize not even rangebars. It is a solid platform for sure, but not for me. Check their forum, nothing happens there. X-Study hasn't improved for probably 2 years.
I will stay with SC hoping for the TT-feed. I mailed to Velocity to get in contact with SC, maybe if more people asking, they speed up the implementation of TT.
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My Trading panel is taking shape (see attached), ready for my trading Journal. I also have my new real Rainbow chartbook (on the left and behaving very well today); and my subscription to SierraChart has been concluded.
Attention Sierra Chart Programmers! We need your help!
This section of the forum is a bit of a ghost town. The forum was originally created with a large community base, but we've been growing very rapidly and are attracting a lot of new members …
I just put my Trading panel to test on a 6E trade; and the result is so, so good. At bottom-left conner is my TransActAT platform for my trade executions (showing $800 profit in lime green color). My Journal is coming up. I'll also post the studies and studies collection I currently use in the new section created by Mike.
This is my new lookTrading panel for my up-coming Journal.
I'm now considering a Footprint/Orderflow setup (on SierraChart). The attached is a 5-minute Footprint set up with EMA 50, EMA 20 and EMA 8. These three EMAs are selected from my Rainbow setup. There are also the VWAP and VarMA studies.
The lower panel consists of Volume Breakdown, and Bid and Ask Difference studies.
I still have my Rainbow chartbook which is at the background and I can pop it up to view.
Today's SIM trade was sweet (see my TransActAT platform insert).
Lolu
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Hey guys -- Just joined this site, looks great, helpful & lively! Reading through this Sierra Post I'd recommend to anyone to take a quick look at the Sierra documentation setup and all their Help posts and all these questions/conflicts are answered.
A lot of professional traders disparage Sierra though I must disagree. They are very versatile, such that it may make it a bit difficult for some to config things to their specific needs. In areas of Bid/Ask vol, Mkt Profile they may not be as robust, but their Admin is very receptive and actively takes suggestions and implements them, so they are evolving rapidly to meet traders needs -- "built by traders for traders" in a very real sense. Re: the above discussions, my 2 cents would be to do research into indicators/analysis that fits your style and then stick with it -- spend a lot of screen time (a lot) and I've found it more profitable in doing so through internalizing pattern recognition that it is to jump from various indicators looking for the "grail." Sierra is an extremely functional program, and improves day by day. That's my review! Cheers.
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I was quite surprised to discover that the Sierra forum community is very effective. Please, lets continue to post our views, comments, etc on Sierra on this thread. Meanwhile, I've started a new thread today which is my Dairy on using SierraChart. You can contribute to both threads in any way you can. My Diary thread is located here.
Lolu if you want a strategy guide pdf file that gives some useful info on interpretation and setups I can send you one.
I have a quick question about Chris' screenshot in post 49 -- looks like you are using the VAP for each column/period left aligned to give the "Ftprint Profile" on top of the Bid/Ask ftprint; then you have a Volume Breakdown indicator on bottom (which is a cutom study pulled from Sierra) yeah? Lastly, what r u basing the shading on over the ftprint? Is it a candle-type shading or r u using the Global Settings for Bid/Ask bars? Thanks man.
Oh yeah, one other thought -- you guys certainly seem to display the "Rage to Master" judging by your enthusiasm -- I've been trading for 20 years on and off the floor and still hesitate to say my experience qualifies as "Advanced!" If there's anything I can offer it's this: listen to Mike when he says "Concentrate on money management." This cannot be said enough. It's exciting to recognize patterns, but I estimate MM is at least 50% of the game. You can use relatively simple indicators and internalize patterns/setups, but without good MM skills you can lose back in minutes what you've made in days/weeks, and this can prove destabilizing which if not handled properly will lead to further losses (ironically its at times like these when you'll really define yourself as a trader). Ken Grant's book on Managing Risk... is great. It's been estimated that even the very best traders will sustain very large drawdowns over their careers (on the order of 99%+ of all traders), so preparation is key. I never had a mentor, though here I see Mike offers it to the Elite subscribers, so bug him silly! Cheers.
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here's my latest .stdycollct for 6E with the f_print chart. You have to check the proper tick size for you instrument when you change from 6E and it is based on RangeBars.
With this chart I found an interesting setup through hindsight trading, which is based on EL, Electronic Local .
I realized that all that buying low/selling high or find swing high/low doesn't work, because in a trend I have to trade from the "mean to extreme" whereas in range mode it is from the "extreme to the mean". Since I realized that for me, I have a setup to work with. The indicators in my collection give me a reference, they are no signals.
chris
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No. The study in the lower panel of chris' screenshot in post 49 is the Bid and Ask Difference (BAD) and not the Volume Breakdown. The lower panel also has the Volume study.
I have the Volume Breakdown study in the lower panel of the screenshots in my "Lolu's Trading Diary" thread.
I seem to prefer your chartbook setup as shown in the screenshot of your post #49 because that setup contains very few studies/indicators. I'm not good at coping with many indicators. I wish I can have a setup with just one or two studies/indicators that just tell me what the Buyers and Sellers are doing.
Hang on guys -- I would humbly submit to Chris that the only thing that really exists are "references" not "signals" -- except in the sense it's a signal alerting you to the fact that "conditions may be changing." It's your job to determine when the mean to extreme becomes the extreme to mean condition. Here's an example that may be useful and i direct this to lolu as well -- personally lolu I'd get rid of the thought that you aren't good with many indicators, and def. get rid of the idea "I wish..." The same exact indicator showing what buyers/sellers are doing can direct you to take opposite positions depending on the all important context. Let's say px is at a level you've determined to be an important support level, with massive volume at Bid and little volume at Ask. This could mean stops are getting hit and px stalls because there are even larger resting (LMT) orders on the book that absorb all the selling, in which case the pain trade is to hit Bid, and you should fade. However the same scenario can also mean sellers are coming progressively en masse and will push through that level. So that leaves context. I've found it useful when dealing with states of flux to think in terms of what is constant and what's variable -- in the case of range charts volatility is the constant and time is a variable. So, upon appraoching the support level, were new range bars being spit out one after the other machine gun style with px diving toward the level like a Kamikaze pilot, or were the bars slowly forming and meandering toward the level like an elderly woman strolling through a park? That info counts a lot, and that's where screen time comes into play. Here's another thing to consider (so don't sell yourself short Lolu with your comments about not being good with the info) -- a psychological experiment was conducted where subjects sat in front of a screen comprised of a large box divided into 100 squares. A light would flash for a millisecond in one of the boxes according to various incredibly complex algorithms -- sequences of numbers (555,4444,17,13,56,57,etc. -- hundreds of digits in length -- along with sequences derived from mathematical formulation like (2+3)^10+(5+5)^7... and normalized to be between 1-100) unknown to the test subjects. The idea was to predict with the mouse where the next would appear. Subjects were randomized across ethnicity, IQ, 'social staus' etc. All subjects were able to correctly predict the next dot, with performance directly correlated to the amount of time spent observing. None could articulate how the patterns were occuring, but they developed a "feel" for where it would be. When test was repeated with random number generation, there was no predictive abilty displayed regardless of time spend. That's a lot of words to say again "find an indicator/indicators that fit your personal preference and observe!" Practice man! In the end it's just a question of "How badly do I really want it?" Hope that helps. Lolu check your email. For abvious reasons I cannot post that. Best -- S
Hey -- do any of you guys have a Volume Breakdown Indicator that calcs the Net Delta for the period and plots in a histogram (candle style so it shows not only the color of the bar but the range of the bar for the period (as in the attached example).
Also, I'm trying to obtain or create one that alternatively displays the Net Delta for each bar/period in numeric & color format (as in second example) in cells along the chart bottom. Thanks.
We can continue to give our comments/views on SierraChart on this thread here, but let us use this other thread for SierraChart programming issues, help, faq, etc.
Lolu
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Lol, that's pretty funny. I used X-Study and the TT platform briefly through an old Etrade account I had and though the data feed is good, the charting capabilities are mediocre at best. Sierra nukes them when it comes to charting functionality (once you get through the pain of putting together everything you need!). Cheers, -- S
