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Sierra Chart

  • #1
  • First Post: Sep 9, 2016 12:35pm Sep 9, 2016 12:35pm
Anyone here knowledgeable with Sierra Chart?

Looking for a help with a few studies.

1) Im looking for a News Study that will display upcoming news with countdown times

2) Im looking for help trying to figure out some Renko settings

Thanks in advance
  • #2
  • Sep 11, 2016 6:05pm Sep 11, 2016 6:05pm
Quoting raiders
Anyone here knowledgeable with Sierra Chart? Looking for a help with a few studies. 1) Im looking for a News Study that will display upcoming news with countdown times 2) Im looking for help trying to figure out some Renko settings Thanks in advance

Anyone??

Im also trying to make a footprint chart with a couple interesting features. I dont know computers for shit though and could really use some help
  • #3
  • Sep 14, 2016 11:03pm Sep 14, 2016 11:03pm
You still need help? I don't try to run news through Sierra, no point and you don't want to bog your software down. dailyfx has an economic calendar with countdown timers, use that, or the fxpro news app.

What's the Renko problem?

Make sure you go to Chart>Chart Settings>Main Settings tab.

There is a section in the middle called 'Intraday Chart Bar Period' Change dropdown from 'Days-Mins-Secs Per bar' to 'Renko Bar (in ticks)'. In the field below, put the tick size you want the renko bar to be (i.e 10 - you'll need to experiment with this number) and choose Renko Brick as Graph Draw Type:

Attached Image (click to enlarge)
Click to Enlarge Name: RenkoSettings.png Size: 26 KB


Footprint chart? What do you mean?
If you're not in the 5% yet it's because you have to try 95% harder.
  • #4
  • Sep 14, 2016 11:42pm Sep 14, 2016 11:42pm
Quoting Dr.Octagon
You still need help? I don't try to run news through Sierra, no point and you don't want to bog your software down. dailyfx has an economic calendar with countdown timers, use that, or the fxpro news app. What's the Renko problem? Make sure you go to Chart>Chart Settings>Main Settings tab. There is a section in the middle called 'Intraday Chart Bar Period' Change dropdown from 'Days-Mins-Secs Per bar' to 'Renko Bar (in ticks)'. In the field below, put the tick size you want the renko bar to be (i.e 10 - you'll need to experiment with this number)...
Thanks for the reply. I got the renko issue solved. Thank you for asking.

As far as the footprint chart. Im attaching a pic below of something im trying to get worked out. Along with the various orders in the bar I want to add some sort of coloring signal as to where the the strength is just at a quick look. Obviously if the bias was to the bid or ask it would travel accordingly, but im looking to somehow color it according underlying volume. If that makes sense.
Attached Image (click to enlarge)
Click to Enlarge Name: footprintsierra.png Size: 327 KB
  • #5
  • Sep 15, 2016 5:18am Sep 15, 2016 5:18am
You're welcome, glad you got the renko problem sorted out.

Sorry to say, that type of chart can't be done with spot FX. The numbers in the bars are number of contracts on the bid or offer from the DOM. Since spot FX is decentralised, we don't have volume data for bids/offers from a central exchange. It would be a different story if you were trading currency futures, because then you would have the level 2 data from the CME. The chart example you provided is the Nasdaq E-mini - i.e CME futures contracts, so the bid/offer volume is provided.
We only have tick volume, (which is number of price changes and is not split into bids and offers). I couldn't help you with futures because I've never traded anything but spot.

You can try TPO charts, which give you a similar sort of chart, but use time at price rather than bid/offer volume, but you have to pay a higher sub fee in Sierra to get TPO charts (last time I checked).
If you're not in the 5% yet it's because you have to try 95% harder.
  • #6
  • Sep 15, 2016 6:50am Sep 15, 2016 6:50am
Quoting Dr.Octagon
You're welcome, glad you got the renko problem sorted out. Sorry to say, that type of chart can't be done with spot FX. The numbers in the bars are number of contracts on the bid or offer from the DOM. Since spot FX is decentralised, we don't have volume data for bids/offers from a central exchange. It would be a different story if you were trading currency futures, because then you would have the level 2 data from the CME. The chart example you provided is the Nasdaq E-mini - i.e CME futures contracts, so the bid/offer volume is provided. We only...
Gotcha. Yea im trying to get it figured out for futures. Specifically the E Mini right now. I have access to the TPO charts but Its just not giving me what im looking for. Or maybe it is lol but I just cant wrap my head around how to adjust it to make it look how I want. I was going to try the sierra board but figured Id try here first.
  • #7
  • Edited 8:49pm Sep 17, 2016 8:36pm | Edited 8:49pm
Sorry for late reply. As I said, I can't really help with futs, but I do know that Big Mike's Trading, now known as futures.io use Sierra Chart quite a bit and have had guest webinars etc from Sierra themselves. Youtube search BMT (Big Mike's) or visit futures.io. As a customer though, Sierra are pretty damned good at support, so don't be shy. Good luck and hope you get it sorted. If I was trading futs I'd be all over volume too - especially some of the stuff by DB Weiss (Weiss waves).

Nice to see another Sierra Chart user though, I think I'm a little in love with it as a computer geek (so many options! so much customisation!).

Also, anyone reading this who is interested - I think LMAX are doing Sierra demos, so at least you can check the platform out. It takes some getting used to, but oh boy, the things you can make it do.....
If you're not in the 5% yet it's because you have to try 95% harder.
  • #8
  • Last Post: Nov 18, 2021 11:38am Nov 18, 2021 11:38am
You who have already lost everything and are looking for a way to get your money back, stay away from all the EA’s, indicators, softwares as Metatrader, Jigsaw, Sierra, Bookmap and all other. Understanding the options on the futures is the only thing that will help you efficiently.
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