Support Board
Date/Time: Sat, 19 Apr 2025 09:51:12 +0000
Various questions for SC Team
View Count: 153
| [2025-03-26 04:26:02] |
| smoothoperator - Posts: 2 |
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1) OHLC Ray Config: Any way to automatically mark all 4 levels (open, high, low, close) of a candle with the OHLC ray tool? Kindly see attached image 1. 2) Price Expansion: Would like to know if the team has added the function to trade with the Price Expansion Tool? Have seen other members ask this question previously. Kindly see attached image 2 - entry (level in circle), set stop-loss (level in the rectangle). 3a) Trade Function: The current function would allow traders to set a define number (of point between entry and stop loss), but stop loss seems to move (along) with entry. Any way to (hard) set the stop loss, where it can not be moved? 3b) Trade Function: Any way to PRESET a defined value (number of dollars) to risk? Thus, the number of contracts (to buy or sell) would change based on entry price. Using the same example from image 2, for a long, would like to set a hard stop-loss (level in rectangle). But entry level could be altered, which would result in a change in the number of contracts (to buy)? Apologies in advance if any of these questions have been answered in previous threads. In addition, my sincere appreciate if the SC Engineer Team could kindly incorporate any of the aforementioned functions into future updates? Again, thank you SC Team in advance! |
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| [2025-03-26 13:58:44] |
| John - SC Support - Posts: 39362 |
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1) There is the "OHLC Ray" drawing tool that does exactly this. Refer to the following: Chart Drawing Tools: OHLC Ray 2) This can be done, but it gets a bit involved. But it also depends on how exactly you want to use the information for trading. In order to use the Price Expansion in some automated manner, you would need to start with the "Spreadsheet Formula" study, which, despite its name, uses the Alert syntax, and the alerts allow for references to drawing anchor points. So if you wanted to get the price level of the 50% Price Expansion line, you would enter a formula like the following in the Spreadsheet Formula formula: =UDID[80].A2 + ((UDID[80].A2 - UDID[80.A1) * .5) where 80 is the ID of the Price Expansion drawing. Refer to the following for how to reference drawing anchor points in alert conditions: Study/Chart Alerts And Scanning: Reference by Anchor You can then reference this value in some automated way, such as in the Spreadsheet System for Trading. 3a) Refer to the following setting, which we think is related to the issue you are having: Global Trade Settings Windows: Adjust Attached Orders to Maintain Same Offset on Parent Fill (Global Settings >> General Trade Settings >> General) 3b) There is not a built-in method for this. If you are using the "Spreadsheet System for Trading" then you can build this into that functionality. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2025-03-26 16:38:34] |
| smoothoperator - Posts: 2 |
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Dear John - thank you for the response. Will study up on items 2) and 3) In regards to 1) OHLC Ray: Would like to know if there's an adjustment within the tool's setting where it enables all 4 rays (Open, high, low, close) to be drawn at the same time (simultaneously) with one click against the candle? Thank you |
| [2025-03-26 18:43:08] |
| John - SC Support - Posts: 39362 |
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In regards to 1) OHLC Ray:
Would like to know if there's an adjustment within the tool's setting where it enables all 4 rays (Open, high, low, close) to be drawn at the same time (simultaneously) with one click against the candle? The OHLC Ray does not do this. It is just a single ray each time. If you want to get all 4 items for a single bar, then use two copies of the "High/Low for Time Period" study. This will allow you to specify the time of the bar, and you can use the bar start time for both the Start and End. One copy of the study would be for the High/Low and another copy for the Open/Close. Refer to the following: High/Low for Time Period - Extended Once you have it setup the way you want, you could create a Study Collection for the two of these so you can add it a little quicker to a chart (although you do need to edit the times in both studies). Another option would be to use the Spreadsheet Study. 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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