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Add ADR Multiple to Open in Sierra Chart


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Add ADR Multiple to Open in Sierra Chart

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  #11 (permalink)
 jackbravo 
SF, CA/USA
 
Experience: Beginner
Platform: SC
Broker: Stage 5
Trading: NQ....that's what it boils down to
 
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Posts: 1,332 since Jun 2014
Thanks: 4,361 given, 2,390 received

Alright, I think I figured it out using the Sierra Chart studies.
This is for adding non-dynamic ADR bands. The formulas I used are:
Open + ADR = ADR high
Open - ADR = ADR low

But you can use any formula you need by adjusting it.

Step #1: Open up a daily chart (historical chart)
Step #2: Add indicator "Average Daily Range"

Step #3: Open up an intraday chart, using the 5 min chart as an example
Step #4: Add indicator "Study/Price overlay." Adjust the settings in the indicator to choose ADR from the daily chart
Step #4: Add indicator "Daily OHLC." Adjust settings in Reference Days back to 0 days to get today's opening price. I hid all the lines except the open.
Step #5: Add indicator "Spreadsheet formula."
---Input formula ID2.SG1 (or wherever the opening price indicator is) + ID1.SG1 (the ADR)
Step #6: Duplicate "Spreadsheet formula" indicator and change addition to subtraction: ID2.SG1 - ID1.SG1

This will display the opening price for today plus ADR bands. You can duplicate the spreadsheet formula indicator as many times as needed to add increments of the average daily range.


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  #12 (permalink)
 caseylife 
singapore
 
Experience: Beginner
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Hi,

I was looking for an indicator to show the ATR on Sierra and found the indicator from
Hahn-Tech, LLC but wow the cost for the indicator is way high.......$311 USD HT-PRO Daily ATR Levels

Sierra Chart Daily ATR Levels Indicator




Does anyone have this indicator for a reasonable fee.

Thank you

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 tomgilb 
Nashville TN USA
 
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caseylife View Post
Hi,

I was looking for an indicator to show the ATR on Sierra and found the indicator from
Hahn-Tech, LLC but wow the cost for the indicator is way high.......$311 USD HT-PRO Daily ATR Levels

Sierra Chart Daily ATR Levels Indicator

Does anyone have this indicator for a reasonable fee.

Thank you

If you can handle some simple formulas, you could create this indicator in Sierra Chart using several native studies:

1. Add a Daily chart with the Average True Range study, then minimize the chart.
2. On your intraday chart, overlay that ATR study using the Study/Price Overlay study, and hide the study.
3. Add the Daily OHLC study to the intraday chart, referencing the Daily chart and Days Back of 1.
4. Add 6 instances of the Spreadsheet Formula study to the intraday chart, using formulas like these in its Formula field:
+120 line: =ID2.SG4+1.2*ID1.SG1/2
+100 line: =ID2.SG4+1.0*ID1.SG1/2
+50 line: =ID2.SG4+0.5*ID1.SG1/2
-50 line: =ID2.SG4-0.5*ID1.SG1/2
-100 line: =ID2.SG4-1.0*ID1.SG1/2
-120 line: =ID2.SG4-1.2*ID1.SG1/2
where ID1 is the ATR study, and ID2 is the Daily OHLC study.

The alert formulas would go on each Spreadsheet Formula study's Alerts tab.

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