Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
I'm getting pretty proficient at coding SC ACSIL automated strategies and was wondering if anyone had something they would like tested. I am trying to generate ideas and challenge myself with coding new systems. If you are comfortable sharing send me a PM and lets see what we can make.
Hello,
I was wondering if you could develop an indicator similar to advancing and declining issues on the ES but use > previous days high & < previous days low instead. This would tell us the real strong bullish and bearish days. I love sierra its the best by far (hands down) I use a multi time frame trend alignment with a bid/ask volume strategy that works well and would like to automate and back test this in the future.
Thanks AJ
I don't know how I could pull this off unless I already had an indicator that tracks the lows and highs. If I had that I could modify it, but I have no clue on how I can create an array of all of the highs and lows and update it live.
Sierra Chart provides some market statistics but nothing relating to highs and lows that I saw:
LF,
So I use a study called Daily OHLC and set reference back one day and sync to a daily chart with RTH 0930-1600 and it will plot the Previous days High/Low and Close on my 5 minute chart. So I'm thinking if we could get a line to tell us how many components of the S&P 500 are > PDH and say it's greater than 250 at the open or early in the day we know it's a strong Buy for today and conversely for < PDL. It would not signal every day however when it does it could be powerful. I'm a day-trader and would be willing to pay you and or help in any way I can like maybe entering the index symbols in an excel spreadsheet or any other way I can.
Thanks, AJ
Now that I've thought about this a little more I think it is probably possible to do within SC, but I'm still not certain how to implement it. It's probably out of my league. It might be easier (for someone other than me) to accomplish with a programming language like Python or R.
I think the basic concept would be something like this:
Create a program that pulls the previous days's High and Low for every stock on the index.
Have it check the current day's price at certain intervals and compare it with the previous day's price.
Make a tally of how many companies are higher than the previous day and how many are lower.
Have a numerical readout of this ratio.
Add some kind of notification for when it crosses the desired threshold.
I think at this point I'm not really interested in doing this because it's not something that I think will be useful for my own trading methods. However, I do want to learn R and/or Python at some point to perform faster analysis. Once I get comfortable in that realm I would be interested in revisiting this.
If you are set on implementing this within SC I would just ask them if they think it's possible to code it on the support board and then find someone with more experience to take it on.
I am focusing on creating automated trading systems right now.