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I have searched the boards here and looked at the available indicators and I haven't found anything in Sierra that does what I am looking to do. I can't find this with any other charting provider either for that matter. I would be happy to have it developed if someone can give me a referral. The indicator is very simple. I would like momentum plotted for high, low and close on a bar chart versus the average of a prior period, usually 3 period averages. I have found several indicators that do a HLC / 3 and plot with a line chart but that isn't what I am looking for. I have attached a couple of shots that show graphically what I am looking for as well as the math. Currently this is being done with Excel and would like to have a more convenient way to do this. Thank you
Can you help answer these questions from other members on NexusFi?
Somebody will probably post a better solution, but here is a hacked together job using Sierra's built in studies. Just add it to your Sierra Charts Data folder.
That didn't seem to work for me. It opened a subgraph but it was blank. Thanks for trying. I did get one working but it's static to 3 period calculation for the average. I would like to create something so that the average that is calculated is based on a user defined input. For example if I wanted to compare a daily range versus a 50 day average.
Yes that was probably the issue. I have it figured out now. Now all I need to do is get it so I can edit the period that is used so I can dynamically set the period. For example a 50 day average rather than a 3 period. Any ideas?
So I was able to change the moving average but I am not sure why but I don't think the numbers are correct. Here is an image where the momentum is calculated in sheet using the analysis tab and the two indicators don't match.
