Support Board
Date/Time: Mon, 13 Jan 2025 08:46:44 +0000
Daily Range Band Malfunction
View Count: 1912
| [2017-04-04 01:39:59] |
| User91630 - Posts: 25 |
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Ultimately I am hoping to use the ADR of a specific time period(3am to noon) as the DRB reference on my chart, so maybe you can confirm whether or not that is even a possibility in the future? But to start I figured I would try to find out why the DRB study is not working for me. I have a historical daily chart with the ADR study, I then have a 5 minute chart with the DRB study referencing that chart along with its ADR. The numbers are way off, and then do not move as price moves either direction. The chartbook is "Pound", specifically referring to chart numbers 1 and 6. I have noticed in the past that the historical daily bars do not match the 24 hour period within the intraday chart, so maybe that has something to do with it. Thank you, please let me know any other information you need from me. |
| [2017-04-04 20:19:53] |
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The numbers are way off, and then do not move as price moves either direction.
So this is the problem? How do you come to this conclusion based upon the described formula here?:https://www.sierrachart.com/index.php?page=doc/TechnicalStudiesReference.php#s349 We also need to know how the Daily Range Displacement Input has been set. Provide an image of the chart, by following these instructions: https://www.sierrachart.com/index.php?page=doc/PostingInformation.php#Image Ultimately I am hoping to use the ADR of a specific time period(3am to noon) as the DRB reference on my chart, so maybe you can confirm whether or not that is even a possibility in the future? Yes this is possible and we will update the documentation to explain how this is done.
Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2017-04-04 20:25:06
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| [2017-04-05 17:13:57] |
| User91630 - Posts: 25 |
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So this is the problem? How do you come to this conclusion based upon the described formula here? Well I don't know about the formula, but in the directions it says to set the displacement at 1 for the previous day's ADR. Yesterday's ADR is 112, but the DRB is reading 138.Also as I scroll backwards, it does not change from day to day. http://www.sierrachart.com/image.php?Image=1491412280856.png Thanks for your help. |
| [2017-04-05 17:31:09] |
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We will need to put together an example Chartbook for you. Could you also please update Sierra Chart to the current version through Help >> Download Current Version. Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
| [2017-04-06 23:35:44] |
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We are setting up the Chartbook for you but we need to know what time zone this is referring to: I am hoping to use the ADR of a specific time period(3am to noon)
Also it is important not to change the standard draw styles of the study so you have a clear understanding of what it is calculating and displaying at each chart bar. Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
| [2017-04-07 01:52:25] |
| User91630 - Posts: 25 |
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I appreciate the help. Should be U.S. Eastern Standard, copied this from the computer. (UTC-05:00) Eastern Time (US & Canada) Sorry for my ignorance, but what is a standard draw style? Also I guess I am just having a hard time understanding what the actual problem is, as to why the indicator is not working correctly. Did I not follow the instructions correctly? |
| [2017-04-07 18:10:30] |
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Attached is a Chartbook with the study configured as you require. Follow these instructions: http://www.sierrachart.com/index.php?page=doc/Chartbooks.html#UsingChartbookProvidedBySierraChartSupport Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
 Daily Range Bands Example.cht - Attached On 2017-04-07 18:10:06 UTC - Size: 60.92 KB - 372 views |
| [2017-04-10 17:04:11] |
| User91630 - Posts: 25 |
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Ok, so maybe I have been asking the wrong questions then. I appreciate you putting the chartbook together for me, but I am confused as to how to use it. I guess maybe my general assumption about how the indicator worked was wrong. I assumed that the DRB would anchor to the current day's high or low, allowing price to reach the ADR high or low. Basically that it would move dynamically in conjunction with price. Without any anchor in price, all I have are two random lines on the chart correct? For instance in the chart book you sent me, today's ADR is 73. Yet the DRB has a band that is 117 points wide. Where is the practical application? Thank you for your patience. |
| [2017-04-10 17:20:42] |
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but I am confused as to how to use it.
Were you at least able to open the Chartbook?For the formula, refer to: https://www.sierrachart.com/index.php?page=doc/TechnicalStudiesReference.php#s349 Provide an image of the chart, by following these instructions: https://www.sierrachart.com/index.php?page=doc/PostingInformation.php#Image Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
| [2017-04-10 17:25:34] |
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This is what you should see : http://www.sierrachart.com/image.php?Image=1491845078659.png Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
| [2017-04-11 02:12:32] |
| User91630 - Posts: 25 |
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Yes I was able to open the chartbook, and that looks to be about the same as what I have. But as per my last post, this does not answer my question nor help me. If you can answer any of my other questions it would really help me, if not then I guess it is time for me to move on.
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| [2017-04-11 06:25:43] |
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Yet the DRB has a band that is 117 points wide. Where is the practical application?
We do not know what the practical application is. That is for you to make a determination of. The formula is provided and it is clear how it is calculated. If it does not meet your requirements, then you need to determine exactly what you want and consider creating it using the Spreadsheet Study: Overview of Spreadsheet Studies Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
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