Support Board
Date/Time: Tue, 26 Nov 2024 04:23:49 +0000
Historical Monthly/Weekly Charts back adjusted with wrong values
View Count: 321
| [2024-01-05 08:37:29] |
| Tofer - Posts: 38 |
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Hello team, I just realized that my montlhy ES chart has the wrong values when Back adjusted. Im attaching the settings I have there, and the current chart, where it is clear that last December was not the ATH according to my data, same goes to my Weekly chart, basically the two historical charts I have. Any ideas? I tried Deleting and Downloading the data again, same situation. Thank you! |
 es-settings-historical.png / V - Attached On 2024-01-05 08:36:59 UTC - Size: 50.21 KB - 54 views es-montly-settings.png / V - Attached On 2024-01-05 08:37:05 UTC - Size: 55.32 KB - 51 views es-weekly-backadjusted.png / V - Attached On 2024-01-05 08:37:16 UTC - Size: 123.7 KB - 60 views |
| [2024-01-05 08:39:28] |
| Tofer - Posts: 38 |
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Attaching two more images
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| es-monthly-back-adjusted.png / V - Attached On 2024-01-05 08:38:30 UTC - Size: 115.1 KB - 48 views Screenshot 2024-01-05 093517.png / V - Attached On 2024-01-05 08:39:22 UTC - Size: 50.1 KB - 49 views |
| [2024-01-05 17:10:10] |
| John - SC Support - Posts: 36286 |
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You are using Back-Adjusted data, so the data from December has been shifted from the actual values in order to line up with the following contract. Refer to the following regarding Back-Adjustments: Continuous Futures Contract Charts: Continuous Futures Contract - Date Rule Rollover, Back Adjusted For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2024-01-06 11:53:23] |
| Tofer - Posts: 38 |
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Hi, Sorry but I still dont get it, I thought that using back-adjusted data would then adjust the past prices, so for this case, I would see the December 2023 high as the ATH, however I still see the ATH as January 2022. What could I do to achieve what I thought it was the expected behaviour? Thank you! |
| [2024-01-08 16:27:54] |
| John - SC Support - Posts: 36286 |
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Back-Adjusting is going to adjust each and every contract such that the contract lines up with the newer contract. This means there is a multiplicative effect as you go further back in time, as each adjustment for newer contracts requires an additional adjustment for the contract before that. So we are not sure what data would end up exactly where, so we are a bit confused why you would expect any particular date to be the ATH, when you can not know the adjustment amounts ahead of time. If this is not what you want, and you want to view the data exactly as it was at that point in time, then do not use the Back-Adjusted option. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2024-01-09 08:24:10] |
| Tofer - Posts: 38 |
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Ok, so I guess is just a misunderstanding from my side. What Im trying to achieve is to see the chart as, for instance, how Tradingview displays the prices of ESH4 (attached image). I though that was back-adjusted, so old prices were adjusted to what is currently happening with the H4 contract, and as we are making _new ATH_, then I would expect to past prices do not appear as higher than the current situation, would that make sense? So if back-adjusted on Sierra is not what I need, what option should I select to achieve something like what TV displays? Thank you! |
| Screenshot 2024-01-09 092122.png / V - Attached On 2024-01-09 08:24:02 UTC - Size: 29.74 KB - 46 views |
| [2024-01-09 08:32:57] |
| User431178 - Posts: 541 |
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So if back-adjusted on Sierra is not what I need, what option should I select to achieve something like what TV displays? Tradingview is continuous contract chart without back-adjustment, that is all. Continuous Futures Contract Charts: Continuous Futures Contract - Date Rule Rollover |
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