Support Board
Date/Time: Fri, 22 Nov 2024 22:14:11 +0000
Overlay renko chart with a smaller timeframe and daily ticks in histogram
View Count: 141
| [2024-09-17 07:24:13] |
| User258227 - Posts: 8 |
|
Hello, I would like to overlay a renko chart (10) with a smaller renko chart (5). The reason for this is that I would like to see the return in the candle (renko). Alternatively, it would also be possible to overlay a renko chart (10) with a range chart (5). Then I still have the problem that I would like to see the daily movements of the daily chart over a longer period of time as a histogram with bars, showing how many ticks it has moved on that day (no matter in which direction). I would be very happy if you could help me. Thank you very much and best regards, Stefan |
| [2024-09-17 14:02:01] |
| John - SC Support - Posts: 36238 |
|
To overlay the main price graph or a study to another chart, refer to the following: Study/Price Overlay Study I would like to see the daily movements of the daily chart over a longer period of time as a histogram with bars, showing how many ticks it has moved on that day (no matter in which direction).
We think what you are looking for is the "True Range" study. By default it draws as a line, but you can change it to "Bars" to show as a histogram. Refer to the following: True Range Chart Studies: Bar (ACSIL: DRAWSTYLE_BAR) Note that the True Range study is in points. If you want the display in Ticks, then you would need to use the "Study Subgraph Divide" study and divide the True Range study by the tick size of the chart. Then display the "Study Subgraph Divide" instead of the "True Range" study. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2024-09-19 07:47:48] |
| User258227 - Posts: 8 |
|
Thank you for your reply. I have already tried to solve this several times using the study/price overlay, but I can't get it to work. Attached is a photo of what it looks like for me. It would be very nice if you could give me the correct settings or attach a chart book with the correct settings. Thank you very much, Kind regards, Stefan |
 overlay renko 2 auf 10.png / V - Attached On 2024-09-19 07:46:47 UTC - Size: 168.9 KB - 34 views |
| [2024-09-19 14:31:19] |
| John - SC Support - Posts: 36238 |
|
There is nothing wrong with what you are seeing. From what we can tell, you are overlaying a 2 Tick Renko onto a 10 Tick Renko. Therefore, the system is finding the earliest 2 Tick bar that is closest in time to the 10 tick bar and placing that onto the chart. The only recommendation we can make to your settings is to change the Input for "Bar Time Matching Method" to "Containing Match". This will then make it that the earliest 2 tick renko bar that is within the range of the 10 tick bar time frame will be displayed. We are not sure what exactly you are looking for that you state that this is not correct. What exactly are you wanting to do? 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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