Initial Balance study lines

March 23rd, 2016, 09:29 AM

(going from memory) Click the Scale button on the Study setting and try 'Same as Region', I think.

March 23rd, 2016, 09:33 AM

LDog

(going from memory) Click the Scale button on the Study setting and try 'Same as Region', I think.

i think that did the trick. awesome. thanks!

March 23rd, 2016, 05:32 PM

WilleeMac

@madLyfe

I noticed you have a /CL chart up. Here's an alert I put together to try and detect "Churn Bars" (order flow.)

Since the Globex session is not as active as New York, I use two (four) instances of the alert so that I don't have to go and change the criteria/ parameters.

=and(c>=o,abs(O-C)<ticksize*4,ID5.SG2>250
,BARTIME >= TIMEVALUE("02:00:00"), BARTIME <= TIMEVALUE("07:59:00"))

=and(c<=o,abs(O-C)<ticksize*4,ID5.SG2>250
,BARTIME >= TIMEVALUE("02:00:00"), BARTIME <= TIMEVALUE("07:59:00"))

ID5.SG2 is Numbers Bars Calculated Values - you can change that declaration to V>250 (volume.)

Use the alert in Color Bar Based on Alert Condition."

Analysis >> Color Bar Based on Alert Condition >> Subgraphs >> Color Bar Hollow for close >= open and Color Bar for C<=O

I use the same for New York but V > 750 the range of the body is the same

You can use the BARTIME syntax in Color Background Based on Alert =and(BARTIME etc etc)

I have some other stuff on the SC forum for standard deviation, 20% of range etc

Use/ modify as you see fit

-William

EDIT

This is on a 1M chart

WilleeMac

@madLyfe

I got to thinking about this and added the same study again which places a green diamond below the Color Bar Hollow (green up bar) with syntax that reads

=and(c>=o,abs(O-C)<ticksize*4,V>750,AV>=BV
,BARTIME >= TIMEVALUE("08:00:00"), BARTIME <= TIMEVALUE("16:59:00"))

Most bars will (should) have the green diamond as well. However, the ones that don't and where they occur perhaps might paint a better picture.......

-William

is this an initial balance study? im no trying to be rude and thank you for the effort @WilleeMac, but im trying to keep my charts as clean as possible.

March 23rd, 2016, 07:10 PM

Quoting

is it possible to stop the IB study plot lines from going past the end of the session?

You can do this with one instance of the Spreadsheet Study study, which can handle all of the lines in the IB study.

March 23rd, 2016, 09:36 PM

tomgilb

You can do this with one instance of the Spreadsheet Study study, which can handle all of the lines in the IB study.

go on...

March 24th, 2016, 11:39 AM

I responded on the Sierra forum because .scss file types are not included here.

https://www.sierrachart.com/SupportBoard.php?ThreadID=19907

March 24th, 2016, 11:40 AM

tomgilb

I responded on the Sierra forum because .scss file types are not included here.

https://www.sierrachart.com/SupportBoard.php?ThreadID=19907

nice, thank you @TomGlib. i will give it a look over in the off time.

March 28th, 2016, 01:29 PM

so ive got the user contributed Initial Balance Levels study working for the most part the way i want it to, but on my destination chart the lines from my source chart seem to stair step down as the IB developes. my source chart is a 1min chart and my destination chart here is a 10 range chart. i have read the study/price overlay documentation but im still not sure if its possible to correct this behavior with these settings as you can see in the screenshot below:

here is my source chart:

if i recalculate the chart the lines are then drawn as normal not showing the developing IB levels.

switching the source chart to a time frame that is = to the opening range i have set keeps it from drawing the developing levels. not sure how to correct it when the source chart is on a lower time frame.

Initial Balance study lines

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Initial Balance study lines