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Note: The Bar Length for the chart on the right must encompass the entire length of the Session Time otherwise the days tick range will be wrong. Also you can hide the 10 day ADR if you want.
No worries! Just remember though, with Sierra, the settings, of which there are many, are crucial! One tiny little box somewhere isn't checked and you'll spend weeks scratching your head as to why the bloody thing won't work as expected.
Would it be possible to have a short horizontal line with ADR high and Low to the right of the screen like in the example below?
Cheers,
Giacomo
P.s. I didnt write that about the alerts, Daily open and 50% on the picture, I grabbed that picture online. I'm only interested in the orange dotted line that says ADR High/ ADR Low
I been enjoying the Futures io Webinars. Funny enough, the longer i trade, the more i go back and find so much useful info that i overlooked a few years ago...
I noticed that several webinars have been about programming, ie Python, Trade Station, …
This is a key part of trading management. How do you gauge the volatility of the market you trade? To maintain consistency across varying market conditions:
Volatile markets require: larger stops, larger targets, reduced trade size.
Non volatile markets require: tighter stops, closer targets, increased trade size.
You will be frustrated when your expectations are geared for volatility but you get no volatility. Targets are never reached and larger stop placements means you sit in losing trades a lot longer than you need to.
Equally frustrating is when you your expectations are geared for non volatility but you get volatility. Targets are smaller meaning you miss out on the larger moves. You also frequently get stopped out.
All this from an incredibly interesting book Im currently reading called the daily trading coach.
Lesson 20 volatility of markets and volatility of mood
Add the Average Daily Range to your daily chart and overlay it to the destination chart where you want the lines
Add the daily OHLC study with Reference back days on 0. Remember the Subgraph for the Daily Open
Add the Spreadsheet Formula and fill in the ID and Subgraphs ID?.SG?+ID?.SG? for the ADR high (Daily Open+ADR)
(technically you should be able to duplicate it but for some reason that didn't work with me)
Add another Spreadsheet formula and replace the + with the - for the ADR low
