Support Board
Date/Time: Wed, 27 Nov 2024 04:30:26 +0000
Referencing smaller time frame candles on LARGER time frame charts for SIGNALS
View Count: 653
| [2023-05-30 22:57:01] |
| TopGunTrader - Posts: 172 |
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Hi, I'm wondering if I can use the "Study/Price Overlay" to put say 15 second bars onto a 1 min chart to create color bar alert signals when things happen on both the 1 min and 15 sec chart? For instance I might want the 15 sec chart to be one time framing up which means the high>high last for a few bars and low>low last for a few bars. Can this work? What options do I need to use to make sure its right full synchronization of source chart to destination? I tried to use this and often it appeared to work but don't think it was 100% which concerns me. Can this be done accurately I don't care if it mostly only works LIVE that's what I want. |
| [2023-05-31 14:32:36] |
| John - SC Support - Posts: 36309 |
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It seems like what you are trying to do is going to be harder than doing it a different way. If we understand this correctly, then you want to only have the Study/Price Overlay actually overlay the 15 second bar when a certain condition is met. But the only way to do this would be to overlay the 15 second bars completely and then use the "Color Bar Based on Alert Condition" to hide the bars that are not meeting the condition. But this will get difficult given that there will be 4 15 second bars per 1 minute bar. Again, if we are understanding this correctly, then a simpler way would be to create an indicator for when the situation on the 15 second chart is true. Then overlay that to the 1 minute chart and then use the "Color Bar Based On Alert Condition" to color the 1 minute bar when the conditions are all true. For example, you could use the "Spreadsheet Formula" for your Framing Up condition with the following for the formula: =IF(AND(H > H[-1], H[-1] > H[-2]), 1, 0) Then overlay this and in the Color Bar Based on Alert Condition you would just reference the subgraph from the overlay such as =ID1.SG1 When it is 1 it is true, and when it is 0 it is false. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2023-06-02 19:59:56] |
| TopGunTrader - Posts: 172 |
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Awesome thank you!!!
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| [2023-09-15 01:17:05] |
| HumblyTrading - Posts: 179 |
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Hi John, Is it currently possible without ASCIL to do something similar as was requested above, but to have the lower time frame study create the conditions for a higher time frame candle to paint? For example, a 1-tick chart could be set up and a spreadsheet study created to watch for a condition in the bid size or ask size to have a sudden increase. This study would define the start of a new candle on the higher time frame. Probably, this is an ASCIL situation, but just wondering if there is a spreadsheet mechanism to accomplish this? Thank you |
| [2023-09-15 14:43:22] |
| John - SC Support - Posts: 36309 |
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The situation described above is for a lower timeframe to paint a higher timeframe. The only thing to be careful about is the display of a 1 tick chart, as it takes up a lot of resources, so you may want to hide that chart. 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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