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Date/Time: Wed, 15 Jan 2025 23:51:55 +0000



Momentum Study with Moving Average as Histogram

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[2017-09-26 23:38:50]
BenjaminR - Posts: 170
There is currently no draw style for Momentum studies which would draw the momentum line similar to the type of oscillator style histograms seen in MACD, for example (of course, oscillating around the 100.000 level).

Many users like myself might find it much easier to read and recognize changes we look for in relation to the Moving Average. Moreover, it also makes the study more distinguishable from the many other studies that also use the line method by default, when a chart has multiple studies.

http://www.sierrachart.com/image.php?Image=1506468938320.png

I have also attached an example from another platform to to illustrate visually.

Please consider adding this option.

Thank you,

Ben
image6CZ7 - Canadian Dollar - Dec 2017 - 1 Minute - MOMENTUM INDI.png / V - Attached On 2017-09-26 23:38:16 UTC - Size: 21.8 KB - 637 views
[2017-09-27 01:31:48]
Sawtooth - Posts: 4153
You can do this using 2 instances of the Study Subgraph Subtract study.

Use the attached study collection as an example of how to do it.
imageMomentum Histogram.PNG / V - Attached On 2017-09-27 01:30:02 UTC - Size: 58.53 KB - 636 views
attachmentMomentum Histogram+.StdyCollct - Attached On 2017-09-27 01:30:28 UTC - Size: 37.3 KB - 484 views
[2017-09-27 04:09:44]
Sierra Chart Engineering - Posts: 104368
You just need to use the Bar Draw Style:
Chart Studies: Subgraphs Tab >> Draw Style
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service:
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[2017-09-27 04:12:31]
Sierra Chart Engineering - Posts: 104368
We understand now. We did not look at the scale closely enough. We thought we were seeing negative values on it. You just need to use the Study Subgraph Subtract study to subtract 100. Refer to:
Using the Basic Arithmetic Studies
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service:
Sierra Chart Teton Futures Order Routing

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