Initial Balance study lines - Sierra Chart | futures io social day trading
futures io futures trading


Initial Balance study lines
Updated: Views / Replies:1,946 / 17
Created: by madLyfe Attachments:1

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
 1  
 
Thread Tools Search this Thread
 

Initial Balance study lines

  #1 (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

Initial Balance study lines

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

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

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

¯\_(ツ)_/¯

(╯°□°)╯︵ ┻━┻
Reply With Quote
 
  #2 (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

as a note, this is for an ETH chart as the RTH lines end with the RTH session. i looked into the "High/Low for Time Period - Extended" but then you lose the extensions.. hmm

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

¯\_(ツ)_/¯

(╯°□°)╯︵ ┻━┻
Reply With Quote
 
  #3 (permalink)
Just a boy
Auckland, New Zealand
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: AMP/CQG
Favorite Futures: Whatever moves in my timezone
 
Posts: 1,803 since Sep 2009
Thanks: 3,165 given, 1,372 received


You could try plotting the IB on a RTH Intraday chart (ie 9.30 to 4.00pm for ES) and then use the Overlay/Price Study to put it on your ETH chart. In the settings for that overlay, fiddle around with the 'Fill Blanks with Last Value' [probably needs to be No] and 'Draw Zeros' [probably needs to be No] and maybe some of the other settings.

Reply With Quote
 
  #4 (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


steve2222 View Post
You could try plotting the IB on a RTH Intraday chart (ie 9.30 to 4.00pm for ES) and then use the Overlay/Price Study to put it on your ETH chart. In the settings for that overlay, fiddle around with the 'Fill Blanks with Last Value' [probably needs to be No] and 'Draw Zeros' [probably needs to be No] and maybe some of the other settings.

this is what im getting with that:

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

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

¯\_(ツ)_/¯

(╯°□°)╯︵ ┻━┻
Reply With Quote
 
  #5 (permalink)
Just a boy
Auckland, New Zealand
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: AMP/CQG
Favorite Futures: Whatever moves in my timezone
 
Posts: 1,803 since Sep 2009
Thanks: 3,165 given, 1,372 received


madLyfe View Post
this is what im getting with that:

I am not sure what I am meant to be looking at. Is it not plotting right? Bit hard to make out with most of the time scale covered up.

Your RTH chart needs to be time based and be divisible by the IB period you are trying to plot ie you cannot have a 30min chart and try and plot a 5 min IB. But you can have a 5min chart to plot a 30 min IB.

If you are then overlaying the IB study to a ETH chart that is NON time based, then the start and stop times on the ETH will not be accurate eg say your IB starts at 9.30am and ends at 9.45am. If you are overlaying this to a ETH chart that is Volume based and the Volume bars start at the following times (as an example): 9.21am, 9.33am, 9.44am and 9.59am, then the IB overlay will plot from the volume bar starting at 9.21am (as that bar covers the 9.30 start) right through to the 9.59am bar (as that bar covers the end period of 9.45). There is NOTHING you can do about this.

Other than that, try playing around with some of the other settings in the Overlay study.

Reply With Quote
 
  #6 (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


steve2222 View Post
I am not sure what I am meant to be looking at. Is it not plotting right? Bit hard to make out with most of the time scale covered up.

Your RTH chart needs to be time based and be divisible by the IB period you are trying to plot ie you cannot have a 30min chart and try and plot a 5 min IB. But you can have a 5min chart to plot a 30 min IB.

If you are then overlaying the IB study to a ETH chart that is NON time based, then the start and stop times on the ETH will not be accurate eg say your IB starts at 9.30am and ends at 9.45am. If you are overlaying this to a ETH chart that is Volume based and the Volume bars start at the following times (as an example): 9.21am, 9.33am, 9.44am and 9.59am, then the IB overlay will plot from the volume bar starting at 9.21am (as that bar covers the 9.30 start) right through to the 9.59am bar (as that bar covers the end period of 9.45). There is NOTHING you can do about this.

Other than that, try playing around with some of the other settings in the Overlay study.

i was taking the overlay from an RTH volume chart that has the IB plotted correctly. basically user contributed IB study works correctly but you cant plot the mid with it and have to use the study twice if you want more extnsions because it only has 3 extensions.

when using the initial balance levels user contributed study, why does it scrunch up the chart while the SC IB study doesnt? made a video showing the action:

https://dl.dropboxusercontent.com/u/11830812/Screens/2016-03-22_14-48-45.mp4

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

¯\_(ツ)_/¯

(╯°□°)╯︵ ┻━┻

Last edited by madLyfe; March 22nd, 2016 at 04:51 PM.
Reply With Quote
 
  #7 (permalink)
Just a boy
Auckland, New Zealand
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: AMP/CQG
Favorite Futures: Whatever moves in my timezone
 
Posts: 1,803 since Sep 2009
Thanks: 3,165 given, 1,372 received


madLyfe View Post
....... basically user contributed IB study works correctly ..........

when using the initial balance levels user contributed study, why does it scrunch up the chart while the SC IB study doesnt? made a video showing the action:

Which User Contributed Study?

Is it one from here on FIO, or one that is listed in UCS in the Analysis menu in SC?

Reply With Quote
 
  #8 (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


steve2222 View Post
Which User Contributed Study?

Is it one from here on FIO, or one that is listed in UCS in the Analysis menu in SC?

didnt know there was one on FIO and yes from the UCS. its called 'Initial Balance Levels'.

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

¯\_(ツ)_/¯

(╯°□°)╯︵ ┻━┻
Reply With Quote
 
  #9 (permalink)
Determined
Lexington KY/USA
 
Futures Experience: Beginner
Platform: SC,TastyWorks,ToS
Broker/Data: TDA, OANDA,AMP/CQG
Favorite Futures: Looking for it/them
 
LDog's Avatar
 
Posts: 125 since Sep 2015
Thanks: 3,495 given, 156 received

You might want to check the scale of the study. I'm at work and can't check the name of the setting, but I have seen study's mess with Region 1 if the scale was different.

HTH

Reply With Quote
 
  #10 (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



LDog View Post
You might want to check the scale of the study. I'm at work and can't check the name of the setting, but I have seen study's mess with Region 1 if the scale was different.

HTH

ya im sure its something to do with the scaling im just new to SC and not sure what im looking for yet TBH.

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

¯\_(ツ)_/¯

(╯°□°)╯︵ ┻━┻
Reply With Quote

Reply



futures io > > > > Initial Balance study lines

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Initial Balance OKshunalTrader Trading 0 December 3rd, 2015 10:30 PM
)R)Initial Balance indicator and key levels franmadrid MultiCharts 0 January 31st, 2014 02:07 PM
Initial Balance and the New York Open tderrick Emini Index Futures Trading 10 November 18th, 2013 05:19 PM
Data on Initial Balance - ES greenroomhoo The Elite Circle 19 January 29th, 2013 09:58 AM
Vertical Initial Balance plot on Volume Profile chart Big Mike Sierra Chart 9 August 9th, 2012 02:52 PM


All times are GMT -4. The time now is 03:16 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 2017-12-11 in 0.13 seconds with 19 queries on phoenix via your IP 54.226.172.30