Support Board
Date/Time: Wed, 27 Nov 2024 19:41:48 +0000
Is there a way of seen sweeps with Sierra?
View Count: 622
| [2023-07-14 13:12:47] |
| Oz - Posts: 50 |
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I've recently migrated from another platform. I had a simple method of seeing sweeps in the market. I found this useful under certain market conditions as the markets often re-balance the sweep area and when they do not re-balance it creates alternate opportunities under specific conditions. Where a sweep = a large order taking out more than a specific amount of bid/ask levels within a specific time. In ES I generally used 4 prices levels = sweep when within 1 second. Then had this projected on a chart. Pic attached. This was highlighted to the right of the bar. Is there something similar in Sierra? Cheers |
 Sweeper 0410.jpg / V - Attached On 2023-07-14 13:09:50 UTC - Size: 70.16 KB - 232 views Attachment Deleted. |
| [2023-07-14 14:22:57] |
| John - SC Support - Posts: 36344 |
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This can definitely be done with a custom study. Refer to the following: Advanced Custom Study Interface and Language (ACSIL): Introduction But in terms of using the built-in tools (of which there is not one that already does this), you could get alerted if this situation occurs within a single bar, by creating a chart with a Bar Period of 1 second and then checking the range of the bar and seeing if it is more than 4 ticks. A generic alert condition for this would be the following: =(H - L) >= TICKSIZE * 4 For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2023-07-14 15:44:59] |
| Oz - Posts: 50 |
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Hi John, Ok, thank you, I'll give that a try. I'll do some reading on the ASCI stuff over the week-end. Cheers |
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