Support Board
Date/Time: Tue, 25 Feb 2025 19:32:03 +0000
Daily Range Bands Based on Open Price
View Count: 965
| [2021-04-26 07:14:23] |
| User775108 - Posts: 4 |
|
Hi, I would like to use Daily Range Bands that simply uses a specified ATR Value and adjusts from Daily Open price eg: Daily Open Price: 50 20 ATR:2 High Band:52 (Daily Open + 20 ATR) Low Band:48 (Daily Open - 20 ATR) Above an example of a day so obviously each Range band would change based on latest ATR/Open price data once a day. Is this possible? |
| [2021-04-26 15:36:46] |
| John - SC Support - Posts: 38165 |
|
You just have to put together a series of studies to make this happen. You would want to use the "Daily OHLC" to get your Daily Open, and then the "Average True Range" to get your ATR. The you use the Arithmetic studies to create your bands. Refer to the following for the Daily OHLC: Daily OHLC Refer to the following for the ATR: Average True Range And refer to the following regarding Arithmetic Studies: Using the Basic Arithmetic Studies For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2021-04-27 07:52:49] |
| User775108 - Posts: 4 |
|
Thanks for the advice. The issue I am having is I want to add this to an Intraday Chart. With Arithmetic studies I don't seem to have the ability to reference the Daily Chart that I have ATR / Daily OHLC Studies for in the same way this can be done with Daily Range Bands? |
| [2021-04-27 14:12:50] |
| John - SC Support - Posts: 38165 |
|
Then you just need to use the Study/Price Overlay to overlay the studies from the one chart to the other where you need to use the data. You can then just hide the overlay if you do not need to see the raw data that it is providing. Refer to the following: Study/Price Overlay Study For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
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