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Sierra Chart Automatic Level question
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Created: by haljordan Attachments:1

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Sierra Chart Automatic Level question

  #1 (permalink)
Elite Member
LA, CA USA
 
Futures Experience: Intermediate
Platform: ToS, SC, Jigsaw
Favorite Futures: Index and Energy Futures, Forex, Options
 
Posts: 49 since May 2014
Thanks: 18 given, 14 received

Sierra Chart Automatic Level question

Hi All,

i am trying to do something in sierra chart but not getting anywhere.

i am trying to draw a line automatically at a calculated price which automatically updates as the calculation changes. basically, i am trying to calculate x= POC -Low of Day and y = High of Day - POC. if x > y, draw a line: High of day + (x-y) if x < y Low of day - (y-x)

is there a simple way to do it without going into ACSIL? maybe with some studies or some feature?

thanks a lot for any responses in advance and for any help as well.

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  #2 (permalink)
Elite Member
San Jose, CA
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: IB/IQFeed
Favorite Futures: Futures
 
Posts: 110 since Jan 2011
Thanks: 54 given, 89 received

Yes. You can do this with the math studies (study subgraphs add, study subgraphs difference). Just need to calculate both values and then use the color bar based on alert condition to select based on your criteria.

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  #3 (permalink)
Elite Member
Phoenix AZ USA
 
Futures Experience: Advanced
Platform: SierraChart
Broker/Data: TradePro/TransAct
Favorite Futures: NQ YM RTY
 
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Thanks: 125 given, 338 received


This would be easy to do with one instance of the Spreadsheet Study study.

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  #4 (permalink)
Elite Member
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Futures Experience: Intermediate
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Thanks: 18 given, 14 received


Jolew View Post
Yes. You can do this with the math studies (study subgraphs add, study subgraphs difference). Just need to calculate both values and then use the color bar based on alert condition to select based on your criteria.


Thanks a lot for your response mate.

Will this allow a drawing of line on the chart itself? I am not sure how this can be done.

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  #5 (permalink)
Elite Member
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Thanks: 18 given, 14 received


tomgilb View Post
This would be easy to do with one instance of the Spreadsheet Study study.


Thank you tomgilb for your response.

yes i did think of this but I will ask you the same question, how can i draw a line on the chart itself for that value? any tips/suggestions/advice greatly appreciated.

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  #6 (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 following assumes these two studies exist on the chart, and that both are Hidden:
TPO Value Area Lines (Reference Days Back set to 0)
Daily OHLC (Reference Days Back set to 0, Graph H & L Historically... set to Yes)

Add the Spreadsheet Study study to the chart.
-Give it a name in the Spreadsheet Name field
-Set the Chart Region to 1
-Set the Draw Style of (M) SG3 to Dash, set all other Draw Styles to Ignore.
-Press OK and OK
Use these formulas in these cells:
X line
cell K3:
=AA3-AG3

Y line
cell L3:
=AF3-AA3

Calc line
cell M3:
=IF(K3>L3,AF3+(K3-L3),AG3-(L3-K3))

where AA3 is the POC, AF3 is the HOD, AG3 is the LOD. Edit formulas as needed.


Last edited by tomgilb; November 9th, 2014 at 01:43 AM.
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  #7 (permalink)
Elite Member
San Jose, CA
 
Futures Experience: Intermediate
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Broker/Data: IB/IQFeed
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Posts: 110 since Jan 2011
Thanks: 54 given, 89 received


haljordan View Post

Will this allow a drawing of line on the chart itself? I am not sure how this can be done.

Yes. Attached is a chartbook if you want to see how this can be done.

Attached Files
Register to download File Type: cht Auto Levels.cht (103.4 KB, 14 views)
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  #8 (permalink)
Elite Member
LA, CA USA
 
Futures Experience: Intermediate
Platform: ToS, SC, Jigsaw
Favorite Futures: Index and Energy Futures, Forex, Options
 
Posts: 49 since May 2014
Thanks: 18 given, 14 received

Apologies for the delayed response guys. Work has been terribly busy lately.

Thank you very much Jolew and tomgilb for your responses. I am very grateful.

I am going to try this out now. i'll report back.

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  #9 (permalink)
Elite Member
LA, CA USA
 
Futures Experience: Intermediate
Platform: ToS, SC, Jigsaw
Favorite Futures: Index and Energy Futures, Forex, Options
 
Posts: 49 since May 2014
Thanks: 18 given, 14 received

Just an update. both of these work perfectly.

thank you once again for your time.

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