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I changed the contract to the NGAS contract that is free through the FXCM feed, and I added some extra text displays and color bars while I was at it.
I am using Sierra build 1400. I'm unsure why yours is blank.
The window is just a regular chart window. If you have trouble with the chart I am attaching then we could go the route of me showing through pictures how you can build it yourself. (Might be best to do it this way anyway, in case you want to mod it later)
Here's a picture of how this chartbook looks on my system.
Thanks for the chartbook. I can see the arrows now.
I will work on this to fine tune it to what i need.
Thanks again for your time and work on this.
This is going to allow me to clean up/declutter my main trading charts and still have all the information I need at a glance
Just to reiterate, If you end up using this smaller chart while trading be sure to add Show Menu to your Chart Shortcuts by going to Customize Chart Shortcuts in the Global Settings menu drop-down. While I was putting this together I accidentally maximized the always on top window and it took me a minute to figure out how to minimize it. If this were to happen in the middle of a trade it could be a real problem.
Once you have Show Menu in your Chart Shortcuts you would just right click, hit Show Menu, go to Chart menu drop-down and select Show Taskbar and drag back into position/size. This would be worth practicing a couple of times.
Like @Renko123 I also had problems with the accessing the small chart of the ChartBook you posted at post# 14.
I think it is because we are with different data providers so the CL symbol is not recognised. Even though I could change the symbol in the big chart, right clicking on the small chart did nothing ( I already use this No Frills type of small chart - so am familiar with the tricks of them).
On way around this problem for future reference is to link the symbols in the 2 charts, so that when another user gets to change the symbol in the big chart, the small chart symbol will change as well.
Anyway, problem was solved with you posting the second ChartBook because as you say any SC user can access that symbol.
I was wanting to look at your ChartBook to see if you achieved the No Frills chart in a different way to me - you didn't (my settings match yours).
However below is a picture of one of mine. For my use I wanted to still see the Region Header for the Studies. The only way I could do this without also showing the Region Header for the underlying Price Graph (which I did not want) was to place the Main Price graph in Region 2 and the Studies in Region 1.
Prediction is very difficult, especially about the future - Niels Bohr, Danish Physicist
"Free markets work because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or incentives for skill. The strategy is, then, to tinker as much as possible and try to collect as many Black Swan opportunities as you can"
Lol - I'm glad it looked that professional because it is not really one Study.
When I read back on the Pace of Tape stuff, especially @cunparis description of his NT indicator which is still on his web site (picture attached), I understood that all he was really doing was taking a #Tick/Trade chart and saying how many trades have occurred over a rolling time period. In his example it was 15 seconds. He then said he wanted to highlight the PoT bars when a threshold was exceeded (110 in his example).
He picked a tick chart to do this to get the lower level of granularity.
But I cannot do this in SC as I don't know how to program ie you would have to write code to take the #Trades bar chart and look backwards to count how many trades occurred in 15 seconds.
So I decided to do it by just using a Time based chart. I picked a 5 second chart (for lower granularity). Then I just added the Number of Trades Study in Region 2 and hid it. But that only gives you the number of trades for that 5 seconds. I wanted the cumulative #trades for the last 30 seconds on a rolling 5 second basis. So I added the Summation - Periodic Study to Region 2. That is what creates the blue bars in the picture you saw. So every 5 seconds it drops off the 6th oldest bar from it's calculation of the cumulative # of Trades for the last 6 bars (30 seconds).
I then said that it order to determine if the 'Pace' is at a high level, I could not use just an outright threshold number like Cunparis did (as the level of CL activity changes hugely across the full trading day). So I decided the threshold needed to adjust to trading activity. So I decided to use a Simple Moving Average over the last 5 minutes, so given they are 5 second bars the SMA period is 60 (60 bars of 5 seconds each = 5 minutes). You could use an EMA to give more emphasis to very recent activity.
What I have not done yet is create the 'Colour the Bar' study if the bars exceed the SMA by x amount. I was thinking of something like if the PoT bar is 100% of the current SMA - colour Orange and if the PoT bar is more than 200% of the current SMA then colour Red.
Prediction is very difficult, especially about the future - Niels Bohr, Danish Physicist
