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Date/Time: Tue, 26 Nov 2024 06:39:21 +0000



Alerts, Scanners and Study Summary Windiows

View Count: 358

[2023-12-18 14:01:17]
User209431 - Posts: 108
Good morning,

I am (hopefully) in the latter stages of migrating my original NT strategies over.

Here is my workflow. I am looking to assure I came up with an efficient means to do this and did not miss something obvious that would work better or be more efficient.

1) I have created "chartbooks" for my long and Short broadmarket scans. These will scan the entire symbols lists of Nasdaq and NYSE through the "Associated "Watchlist". These results will show into the alerts window.

Some questions here: Does the symbol only show up once if all conditions "TRUE"? Will they show up every scan so long as all true? I am not sure the best way to view this information.

2) As I look at alerts I will load charts of stocks that look good to me and I want to keep an eye on. This is where I discovered the "Study's Summary Window" (and what a find that was).

Now it looks like this can also monitor my "alerts formulas" as well. Is there a way to use "TRUE" AND "FALSE" logic here? if my string of && conditions that ALL must be true. If it is "FALSE" can they be highlighted different cell colors? If, so I should be able to black them out by making background and foreground colors the same or can the row just be removed upon "FALSE"?

TIA
[2023-12-18 18:06:19]
John - SC Support - Posts: 36286
Does the symbol only show up once if all conditions "TRUE"?

The Alerts work such that the condition needs to go from "FALSE" to "TRUE" for the alert to go off. If the condition is always "TRUE" then this does not constitute a new condition - nothing has changed, so this will not be registered.

Will they show up every scan so long as all true?

No - see above

Now it looks like this can also monitor my "alerts formulas" as well. Is there a way to use "TRUE" AND "FALSE" logic here? if my string of && conditions that ALL must be true. If it is "FALSE" can they be highlighted different cell colors? If, so I should be able to black them out by making background and foreground colors the same or can the row just be removed upon "FALSE"?

We are not quite sure of what you are asking here. But refer to the information for the Study Summary window here:
Study Summary Window
For the most reliable, advanced, and zero cost futures order routing, use the Teton service:
Sierra Chart Teton Futures Order Routing
[2023-12-18 18:17:50]
User209431 - Posts: 108
Thanks John,

In this formula ; =AND(ID1.SG1 > 120, (C - L) / (H - L) * 100 > 67, ID3.SG1 > 0.025, ID2.SG1 > 0.025, C > 10, ID1.SG4 > 500000)


If I run this scan each day a regular trading hours open. Something should have to go from False to True so I should get alerts? I mean the "Change % since Open" should be enough, it would have to start a 0 before reaching my .025 condition, correct?

I guess I am asking, in the formula above do you see a way the formula could be TRUE from open and not produce and alert?

Another quick question, on the Relative Volume indicator would a value of 200 mean the stock is trading 2 times its normal volume for the time period? Is the "upper Threshold" which is set to 120 saying the stock is 20% higher volume than average for the time period?
[2023-12-18 18:28:55]
John - SC Support - Posts: 36286
All alert conditions start off False, so you should not have an issue with this. It's just something to keep in mind with regards for the need to go from False to True, in particular in relation to when a condition stays true - meaning you will not get another alert just because it stays true. But also keep in mind the options for the alerts, such as "Reset Alert Condition on New Bar", which will force the condition back to False when a new bar starts. Refer to the following:
Study/Chart Alerts And Scanning: Alert Options

Yes, a relative volume of 200% means that the volume is twice the volume it is comparing against. The upper threshold is something you control via the Inputs for the study - but yes, the idea is that the volume is 20% higher than what it is comparing against. Refer to the information here:
Relative Volume
For the most reliable, advanced, and zero cost futures order routing, use the Teton service:
Sierra Chart Teton Futures Order Routing
[2023-12-18 18:46:23]
User209431 - Posts: 108
Thank you, just wanted to make sure I was reading it correct. I guess my issue is that I can see a couple stocks that I feel should have triggered and I did not get an alert for. But today was a bit of a weird day for me all around, so let me try again tomorrow and trouble shoot it. Honestly I can get this for the most part from IB scans as I did with NT and then monitor through the studies windows for setups.


Let me try to rephrase the other question you could not understand:

In the Study Summary Window. It seems to have the ability to create cell conditions (color changes) on values being TRUE or FALSE. So my question was : If my formula was FALSE can it change every cell in the row a different color? Or is there a way for a FALSE value to hide the entire row?

Side question, Once I open my account, can I upgrade it at anytime?

TIA
[2023-12-18 20:58:26]
User209431 - Posts: 108
Is there a way to have a Study in a Study Collections but for a higher time frame? I want the scanner to update on new bars for my Study Summary window. I do not want the Relative Volume to be reading from the 1 Minute time frame though, I would like the daily value.

TIA
[2023-12-18 22:40:37]
John - SC Support - Posts: 36286
The only cells that will highlight are the "Chart" (if the alert is setup on a Chart) or the Study Cell (if the alert is setup on the study). These will only highlight when the alert is True.

There is no way to color when the alert is False, nor can the entire row be hidden.

--

You can change your Sierra Chart package at any time. When you change your package, you do not need to pay anything nor will you get a refund. Rather, we adjust the remaining Usage Time for your account based on the difference in costs for the package. Therefore, if you change to a more expensive package, your Usage Time will go down, and vice versa.

Is there a way to have a Study in a Study Collections but for a higher time frame?

No, when you apply a Study Collection to a chart, everything will be for the timeframe of that chart.

It sounds like you want to use the "Study/Price Overlay" where you can take a study that is on one chart and apply it to another chart. 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
[2023-12-18 23:18:23]
User209431 - Posts: 108
Okay, Thanks for the help again.

Looks like that did what I need. Which is supply the days total relative volume to my Study Summary Window.

I would like my Study Summary Window to update through the day. So I am setting a Chartbook to monitor it. I have "Update on New Bar" checked and it will run on 1 Minute charts. So this should keep updating throughout the day and highlighting my Color Bar columns when True.

Does this sound correct?

For example if one minute a stock is not trading in the upper 3rd of it's range with >120 relative volume for the day (from my formula) the column will be plain, but if the next minute those conditions are TRUE the column will Highlight. If the next minute conditions are not met it will be plain again.

TIA

EDIT: I did forget to ask, the removing of a row or the changing foreground/background to hide a row is not available by you guys. It should be able to be done if I commissioned someone to create it?
Date Time Of Last Edit: 2023-12-18 23:21:01
[2023-12-19 00:13:27]
User209431 - Posts: 108
Okay,

Kind of a new odd problem I cant resolve now. Everytime I do this for a new Instrument it is creating a new Relative Volume Column for each . Not sure if there is a way around this but I just want 1 column where the Study/Price Overlay will display the days Relative Volume.

Right now everytime I add a new Instrument and do a Study/Price Overlay it creates a new column to display the value. I want all the values under one column.

Hope this makes sense.
[2023-12-19 15:19:00]
John - SC Support - Posts: 36286
I would like my Study Summary Window to update through the day. So I am setting a Chartbook to monitor it. I have "Update on New Bar" checked and it will run on 1 Minute charts. So this should keep updating throughout the day and highlighting my Color Bar columns when True.

Does this sound correct?

Yes.

EDIT: I did forget to ask, the removing of a row or the changing foreground/background to hide a row is not available by you guys. It should be able to be done if I commissioned someone to create it?

Is this a row in the Study Summary or something else?

Kind of a new odd problem I cant resolve now. Everytime I do this for a new Instrument it is creating a new Relative Volume Column for each . Not sure if there is a way around this but I just want 1 column where the Study/Price Overlay will display the days Relative Volume.

Right now everytime I add a new Instrument and do a Study/Price Overlay it creates a new column to display the value. I want all the values under one column.

This is the way it is.
For the most reliable, advanced, and zero cost futures order routing, use the Teton service:
Sierra Chart Teton Futures Order Routing
[2023-12-19 15:27:55]
User209431 - Posts: 108
Thanks John,'

I have some work arounds to yesterdays problems. I have reread the Relative Volume indicator and it seems perhaps I would be better off using the "Cumulative" rather then the actual "Per Bar". a value of 200 would mean the volume is running double so far for the day then the previous 5 day average?

Hope this makes sense, but clearly what I am trying to do is find stocks who are running on much higher volume than normal. This SG actually works extremely well for my Study Summary.

Thanks for any help.
[2023-12-19 15:56:27]
John - SC Support - Posts: 36286
I have some work arounds to yesterdays problems. I have reread the Relative Volume indicator and it seems perhaps I would be better off using the "Cumulative" rather then the actual "Per Bar". a value of 200 would mean the volume is running double so far for the day then the previous 5 day average?

It depends on how you have it setup, but in general - yes, this is how it works. Just keep in mind it is per bar - so a value of 200 means twice the average volume for the 5 days previous bars at that time.
For the most reliable, advanced, and zero cost futures order routing, use the Teton service:
Sierra Chart Teton Futures Order Routing
[2023-12-19 16:32:45]
User209431 - Posts: 108
Thanks John,

That is actually more what I am looking for and it works perfect for my Chart Summary Window so far so good.

I am having one weird problem trying to wrap this up and not sure how I am screwing this up.

I have a Color Bars condition set in my Study Collection, It has a formula of && conditions. The column outputs the value of 0.0 for FALSE . In the settings it says a Value of 1.0 for TRUE. When TRUE I do not see the VALUE 1.0 in the column as I see the 0.0 for FALSE.

I was hoping when Condition TRUE and triggers Color Bar Change that can create an alert in my Studies Summary Window for that column and highlight is Red (or whatever graphic options I want). I swear I had this working yesterday and now it seems to not trigger.

I have Enable on Each Bar set , I also do not want/need the paintbar on the chart. Just the alert to the Study Summary.

Is this possible?

TIA
[2023-12-19 19:24:09]
John - SC Support - Posts: 36286
If you just want the alert to the Study Summary then do not use the "Color Bar Based on Alert Condition", rather use some other study, or even the Chart itself (under "Chart >> Chart Settings >> Alerts" is the ability to enter an alert for the Chart").

The Color Bar Based on Alert Condition has the Inputs that allow you to set some value (other than 1) when the alert is true. This is not really a problem, but it could be why you are not seeing 1, but something else. Just keep in mind, zero is false, and any non-zero value is true, so it does not need to be 1.
For the most reliable, advanced, and zero cost futures order routing, use the Teton service:
Sierra Chart Teton Futures Order Routing
[2023-12-19 21:35:05]
User209431 - Posts: 108
Ok, got it. Let me check again.

Thanks!

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