NexusFi: Find Your Edge


Home Menu

 





BookMap


Discussion in Sierra Chart

Updated
      Top Posters
    1. looks_one amirN with 22 posts (84 thanks)
    2. looks_two nodoji with 19 posts (0 thanks)
    3. looks_3 aaronjames with 4 posts (0 thanks)
    4. looks_4 Domy with 3 posts (2 thanks)
      Best Posters
    1. looks_one amirN with 3.8 thanks per post
    2. looks_two Big Mike with 1 thanks per post
    3. looks_3 futuretrader with 1 thanks per post
    4. looks_4 Domy with 0.7 thanks per post
    1. trending_up 29,436 views
    2. thumb_up 88 thanks given
    3. group 29 followers
    1. forum 61 posts
    2. attach_file 19 attachments




Closed Thread
 
Search this Thread

BookMap

  #21 (permalink)
 amirN 
UK
 
Experience: Intermediate
Platform: SC
Trading: ES + YM
Posts: 22 since Jun 2010
Thanks Given: 0
Thanks Received: 84

There is no separation, the shading is based on the highest volume in the order book irrespective of which side it is on.

A user in the SC forum has also pointed out that the chart is not time based i.e. if there is no trade it would not get updated. I thought all have to be aware of this and here is my response:

----------------------------
The above indicator updates only when a tick is traded and is not based on time. During market hours in the instrument I trade it is highly unlikely that no trade is executed for any significant length of time (few ms). The example chart included is a 10t chart not a timed chart. In fact when I set it as a 1t chart it was too fast for me.
---------------------------


Regards

Amir

Started this thread

Can you help answer these questions
from other members on NexusFi?
Cheap historycal L1 data for stocks
Stocks and ETFs
About a successful futures trader who didnt know anythin …
Psychology and Money Management
Pivot Indicator like the old SwingTemp by Big Mike
NinjaTrader
Trade idea based off three indicators.
Traders Hideout
Quantum physics & Trading dynamics
The Elite Circle
 
  #22 (permalink)
 nodoji 
New York
 
Experience: Advanced
Platform: SC, TN
Trading: ES
Posts: 85 since Sep 2014
Thanks Given: 10
Thanks Received: 9

Thanks for that and great work

  #23 (permalink)
 amirN 
UK
 
Experience: Intermediate
Platform: SC
Trading: ES + YM
Posts: 22 since Jun 2010
Thanks Given: 0
Thanks Received: 84


I was wrong, it updates whenever it is called by SC despatcher (presumably when a new DOM data is available) and not when a tick is traded.

Amir

Started this thread
Thanked by:
  #24 (permalink)
 nodoji 
New York
 
Experience: Advanced
Platform: SC, TN
Trading: ES
Posts: 85 since Sep 2014
Thanks Given: 10
Thanks Received: 9

Anyone else having problems changing the width from 10. I would like mine fatter

Attached Thumbnails
Click image for larger version

Name:	SierraChart_2016-05-24_16-45-49.png
Views:	177
Size:	39.2 KB
ID:	209163  
  #25 (permalink)
 nodoji 
New York
 
Experience: Advanced
Platform: SC, TN
Trading: ES
Posts: 85 since Sep 2014
Thanks Given: 10
Thanks Received: 9

Amir, if you are able to change the code to be more like BM, that would be amazing.

The major difference is the DOM in BM, and how it is displayed. The area to the right of the horizontal line is the current DOM, as the instrument trades you can see the DOM changes.

What I am trying to say in BM the futures moves into the present, in your version you only see the present. I hope that makes sense.

The power of BM is seeing changes, is it possible to have the DOM displayed to the right of the last traded price?

Attached Thumbnails
Click image for larger version

Name:	chrome_2016-05-25_01-26-46.png
Views:	304
Size:	67.5 KB
ID:	209193  
  #26 (permalink)
 nodoji 
New York
 
Experience: Advanced
Platform: SC, TN
Trading: ES
Posts: 85 since Sep 2014
Thanks Given: 10
Thanks Received: 9

Watch form 1:30 minutes onward to see what I am talking about



In sierra we are seeing the DOM at the trade

  #27 (permalink)
 nodoji 
New York
 
Experience: Advanced
Platform: SC, TN
Trading: ES
Posts: 85 since Sep 2014
Thanks Given: 10
Thanks Received: 9

In Sierra I cannot visually see the DOM has changed, only after a trade has occurred. In my example I dont know if that line where the arrow points to is still white or grey or black until a trade occurs.

Attached Thumbnails
Click image for larger version

Name:	SierraChart_2016-05-25_01-56-14.png
Views:	203
Size:	5.8 KB
ID:	209195  
  #28 (permalink)
 amirN 
UK
 
Experience: Intermediate
Platform: SC
Trading: ES + YM
Posts: 22 since Jun 2010
Thanks Given: 0
Thanks Received: 84

As per my message in the forum to change the width please go to the indicator setting and change the width (just above setting colour). It would change width of all lines.

As far as I know whenever there is a DOM change SC would update the indicator. However the indicator would not move horizontally until a trade takes place. So the first dash on the right is the current DOM value however, the indicator would not scroll based on new DOM data coming in but based on trade executing.

The above is how indicators are designed in SC (I believe) as the underlying structure is base on tick data and everything is tied to that. The best you can do is to set your chart as a 1t chart and as the data would be frequent the indicator would also moves frequently.

Kind regards

Amir

Started this thread
  #29 (permalink)
 nodoji 
New York
 
Experience: Advanced
Platform: SC, TN
Trading: ES
Posts: 85 since Sep 2014
Thanks Given: 10
Thanks Received: 9

I get that, thank you.

My question is, assuming you set it at 1 tick or 1 second or whatever; are you able to display the live DOM on the chart. You can see the DOM changing without trades happening, is it possible to display that. That is where the true power lies.

In hope I am making myself clear.

  #30 (permalink)
 amirN 
UK
 
Experience: Intermediate
Platform: SC
Trading: ES + YM
Posts: 22 since Jun 2010
Thanks Given: 0
Thanks Received: 84


If you look at my chart example at the beginning the DOM is displayed on the chart. select "trading Chart DOM on" fro the Trade menu in the SC.

For my settings also look at post11 above.

Started this thread

Closed Thread



Last Updated on June 7, 2016


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts