Support Board
Date/Time: Thu, 16 Jan 2025 02:47:05 +0000
Need Term Structure (Forward Strip?) Chart!
View Count: 1464
| [2017-10-07 20:21:23] |
| ErikT - Posts: 121 |
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Hi Guys, New user - loving SC so far! Great work! The single chart I use most in my work is what I call a "Term Structure" chart. See attached file for a sample from Interactive Brokers of what I am talking about. This is the same thing that Bloomberg calls 'CCRV" (Commodity Contract Curve). I primarily use only the top half of the IB chart (green rectangle in the attached grab), and wish I could turn the bottom off. Very important to be able to chart the term structure for different dates. IB does this with different shades of yellow dots. Would be much better if I could choose colors for each date. Also very important the the chart update live in real time as the various prices on the curve change throughout the day. At first I assumed you had the same thing and were just calling this a "Forward Strip" chart, as a lot of people use the phrase 'forward strip' to refer to a futures term structure. But after following the instructions in the help for creating a 'forward strip' chart, what I get just looks like a regular bar chart. I grabbed what I am seeing with the chart settings dialog open to show you exactly what I am seeing and how I set it up. I followed the steps exactly as given in the help section for forward strip. So at this point, I see two possibilities: 1. Your forward strip function is what I am looking for, but it is either broken or I am not using it correctly. If that is the case, I need help getting it working. Again, I followed the instructions in the help to the letter. 2. You are referring to something else with the phrase 'forward strip', and do not offer the type of chart I need most. If that is the case, I request you consider adding this feature which is very important to anyone trading futures spreads. If you don't have it yet, whatever you do, don't copy IB's design. It sucks. If you want I would be happy to suggest a much more elegant design. (FYI, CQG IC does it pretty well, as does Bloomberg's CCRV function, which is the same thing). Very important that it update live in real time, BTW. Please advise which of the above it is and we can go from there. Thanks! Erik |
 IB Term Struct Chart Sample.jpg / V - Attached On 2017-10-07 20:16:35 UTC - Size: 402.64 KB - 328 views SC Forward Strip Seems Broken.jpg / V - Attached On 2017-10-07 20:16:51 UTC - Size: 545.52 KB - 312 views |
| [2017-10-09 18:08:21] |
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In the case of outright futures contracts, do not manually type a symbol. You must always use the symbols found in File >> Find Symbol. The problem is you are using the wrong symbol, it only contains a single digit year, and that is going to create more problems than just this, in the case of when using CQG. Here are the instructions to change the symbol of the chart: Changing the Symbol of a Chart 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 |
| [2017-10-09 18:45:06] |
| ErikT - Posts: 121 |
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Thanks very much for the prompt reply! Navigating to the symbol from the tree (rather than typing it) did indeed change the behavior, but frankly not in a terribly useful way. Please see attached what I am seeing now. Here are my concerns: 1. In default OHLC Bar view, the bars don't make sense on this type of chart. Per your instructions, I did change to line-on-close (hence this result), but frankly I don't want or have use for a line-on-close chart. I need a series of dots showing my the last or settle price for each contract. 2. It is essential to be able to display multiple curves as of different dates. This appears to only allow display of the CURRENT forward strip, with no ability to compare it to the strip that existed on a prior date. Respectfully, this chart is not useful with this limitation. Is there a way to display multiple curves (for different closing dates), and if so how do I do it? If not, do you want help designing something useful? I don't mean to be sarcastic - I'm totally serious. I'm a former software engineer and would be happy to do a detailed design for something much better if you have sincere interest in doing it. But if this is a feature that your other users are not asking for and therefore not a priority, I understand and respect your choice, but I don't want to waste my time and energy designing something better unless you have a sincere interest in implementing it. With all due respect, this function is not useful in its current form, unless I am missing something and there is a way to choose something other than line-on-close and to display multiple settlement dates simultaneously, as in the sample I sent you from IB in the OP. In case it is not clear, the way an analyst uses this chart is to visualize how the term structure is evolving over time. Without curves showing the term structure on prior dates, the function really isn't useful. Thanks in advance, Erik |
| Fwd Strip SC.PNG / V - Attached On 2017-10-09 18:35:47 UTC - Size: 99.02 KB - 326 views |
| [2017-10-09 18:50:31] |
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1. When using Line on Close, you are seeing the last trade price or settlement for each contract. That is definite. 2. This capability will come later. I'm a former software engineer and would be happy to do a detailed design for something much better if you have sincere interest in doing it. Yes, but when we are ready we will let you know at that time.We have had many requests for this, just something we have not yet gotten to. 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 |
| [2017-10-09 18:57:30] |
| ErikT - Posts: 121 |
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Thanks for your candid reply. I'd much rather receive a 'polite no' than spend my time designing something you don't have time to implement. Please know that I have a huge amount of passion for this particular function, and I can help you design something that totally kicks ass, putting everyone else in the industry to shame. Just let me know when you're ready. Spoiler: Doing it right will take significant engineering cycles, but it can be built incrementally and will offer huge value in the final version I have in mind. Just let me know when you're ready. Best, Erik |
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