Support Board
Date/Time: Mon, 21 Apr 2025 16:18:49 +0000
Manage drawings for US bonds (discovering the right tick value)
View Count: 123
| [2025-02-26 08:19:58] |
| Fabio - Posts: 121 |
|
Hello SC team, I have a question relative to the manage drawing -> adjust amount value relative to the U.S. bond prices. I have TPO charts for the aforementioned markets (UB, ZN, ZT, ZF, etc) where I have multiple drawings. Now, when I perform the rollover on those markets, the drawings remains "fixed" based on the old ticker (i.e. if I have drawings on the UBH25 and now I switched to the new ticker, UBM25 the drawings remain in the position where I've created them on the old ticker) and I have to adjust them manually. Considering that I have multiple drawings, I adjust them in bulk by selecting them all on the "manage drawings windows." Maybe it's just me, but I always find impossible to figure out the right value to choose because the value is not the same as the tick, as in all the other markests (i.e. equities, currencies, aggs, etc). Can you please help me out to understand how the value for the bonds is calculated so to get it right as in all the other markets? |
| [2025-02-26 15:35:22] |
| John - SC Support - Posts: 39380 |
|
It sounds like you are referring to the fact that the adjustment value is done in decimal format, but the Bond Futures are displayed in fractional values. If this is the case, then you would just need to determine the decimal value for the fractional tick size and then use that to set your adjustment value. For instance, for ZN, the Tick Size is 0.5/32, which is a decimal value of 0.015625, so you would want to ensure that your adjustment amount is an even multiple of 0.015625. If you are referring to something else, then we need more information. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2025-02-27 14:12:56] |
| Fabio - Posts: 121 |
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Yes I think I was referring to that specifically. Just to clarify; If I want my drawings moving the value of 1 tick for the bonds, I have to use the deciumal value as adjust amount. Is that what you mean? So if I use 0.015625 as value every drawings will move up 1tick (for ZN). Is that right? |
| [2025-02-27 16:22:50] |
| John - SC Support - Posts: 39380 |
|
If I want my drawings moving the value of 1 tick for the bonds, I have to use the deciumal value as adjust amount. Is that what you mean?
Yes.So if I use 0.015625 as value every drawings will move up 1tick (for ZN). Is that right?
Yes.
For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
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