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Date/Time: Sun, 29 Dec 2024 15:57:15 +0000



Post From: iNDEPENDENT SCALE

[2016-04-29 18:42:46]
Sawtooth - Posts: 4143
-You can overlay a study, but you must use the Independent scale for it, or for both.
-You can check 'Use Left Side Scale' in Chart Settings >> Advances Settings tab, but it cannot be scaled like the right side.
Left side scale
-If you use the Independent Scale for both, and scale the right side, you'll confirm that the visual correlation is merely coincidental.
-To create an arbitrary correlation, you'd need to establish an 'anchor price' at a certain time or at a certain event.
-Instead, you might consider trading Exchange Traded Spreads, where actual correlations exist. Access to these is available in the Sierra Chart Real Time data feed:
https://www.sierrachart.com/index.php?page=doc/SierraChartRealTimeFuturesStockDataFeed.php#ExchangeTradedSpreads