Support Board
Date/Time: Sat, 18 Jan 2025 13:13:07 +0000
Point and Figure Symbol Performance Comparison
View Count: 1271
| [2018-02-23 16:02:00] |
| bhetterick - Posts: 8 |
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I am testing out the Sierra Chart Point and Figure Chart feature and have a question. I have often noticed in other P&F charting programs that it is possible to compare two symbols, such as comparing an individual company against its index to gauge relative performance and relative strength/weakness. For example, comparing XOM against XLE to see if XOM is stronger or weaker than its index. In other charting programs such as Stockcharts.com, one can enter XOM:XLE and see the net P&F result, which is extremely helpful determining if a stock is stronger or weaker relative to its underlying index. This seems to be a common approach with other P&R charting programs for comparisons of a stock to its index. In Sierra Chart, I have tried entering XOM:XLE in the symbol box under chart settings but was unable to obtain a charting result. Is there a way to do this symbol vs index P&F comparison in Sierra Chart? |
| [2018-02-23 18:22:37] |
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Yes. To do this you need to use the Ratio ( Bar) study on the index chart : Ratio (Bar) And have it reference the stock chart symbol. Or you could do it the other way around to get the inverse result. You will need to set it Display as Main Price Graph. And then use the Point and Figure Chart study on that chart: Point and Figure 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 Date Time Of Last Edit: 2018-02-23 18:24:24
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| [2018-02-23 20:28:30] |
| bhetterick - Posts: 8 |
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Great. Many thanks for the quick response and help on this.
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