Support Board
Date/Time: Thu, 13 Feb 2025 16:55:12 +0000
Post From: Horizontal Line at Time Problem
| [2020-12-10 11:21:06] |
| User52897 - Posts: 47 |
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1. It does not sound as if we are on the same page. 2. There is no doubt - in my mind - that Sierra Chart Horizontal Line at Time works properly in accordance with the documentation descriptive - and that is precisely the problem - both the documentation function descriptive and the exact execution in accordance with the documentation descriptive are inadequate. Here the essence of the documentation detailing the essence of execution. The Horizontal Line at Time study will draw a horizontal line starting from the Start Time Input at the level of that chart bar specified with the Input Data Input, all the way up until the bar that the next occurrence of the time is encountered, or the Stop Time if used.
At that new encountered time, the level will change to the Input Data value on the new bar. By default, the Time (both Start and Stop) is considered to be found at a bar when that bar contains the Time, or if that bar is greater than the Time and the prior bar is less than the Time. The Inputs for Use Allowed Range for Match in Minutes and Allowed Range for Match in Minutes can be used to modify this behavior. As far a my understanding goes the execution of Sierra Chart Horizontal Line at Time is exactly in accordance with the above descriptive. Again, that is the essence of the problem. Example: consider -> Sierra Chart Horizontal Line at Time with a Start Time of 07:00 and End Time of 23:59 on a 2 minute period time frame. 1. So a two minute candle includes the the Horizontal Line at Time start time of 07:00. 2. In accordance with the documentation descriptive and execution in accordance with the documentation descriptive how long will the HL be ? 3. Will it immediately be draw the the full length between 07:00 and the future 23:59 ? No that is not the documentation descriptive. And again, that is the problem. 4. Again, execution is exactly in accordance with the documentation descriptive so ----- 5. after two minutes past 07:00 the length of the HL will be one 2 minute candle - HL length in time 07:00 to 07:02. 6. after four minutes past 07:00 the length of the HL will be two 2 minute candles - HL length in time 07:00 to 07:04. 7. etc., etc 9. In other words, at any given time before 23:59 the Sierra Chart HL is the length from the HL start time to the most current candle - not 07:00 to 23:59. 8. This is functionally unsatisfactory as it fails to give an immediate clear visual representation - in fact, when the line first starts to draw - incrementally as each candle is formed - it is hard to visually detect the HL unless one has ones eyes glued to the screen and paying vigilant attention. 9. This does not make for relaxed trading. 10. This is not the case with MT4 and cTrader - where with correct coding - once a Horizontal Line Start Time is triggered the full [Start Time]-to-[End Time] line length is immediately drawn. In other words - in the the above example case when the HL start time is triggered the length of the HL will immediately be from 07:00 to 23:59 - not grow in length starting at the HL start Time and incrementally increasing in length with every current candle. 11. While,no doubt, a great charting with immense utility, this study is has a limitation not found in lesser charting. Date Time Of Last Edit: 2020-12-10 14:13:55
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