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DIY ARTICLE: BASIC SETTINGS TO
ADJUST WHEN USING 3RD PARTY
CHARTBOOKS IN SIERRACHART
You can find below several basic settings in SierraChart that you may adjust before start
using 3rd party chartbooks downloaded from external sources. This can guarantee that you
will have charts and charbooks that show exactly what you want.
These settings are always instrument specific, so changing the chart’s symbol can require to
adjust these settings.
Below you can find some basic settings that can affect the look and feel and the general
usability of charts – all the posted chartbooks on my site have these settings adjusted.
Timezones – Session Times – Split Session Times – Start-end Times:
Timezone and Session Time settings can affect the calculation of several studies,
including TPO, Initial Balance Range, Daily Levels, VbP, etc.
Check the Default timezone settings of Sierra (File -> Data/Trade Service Settings ->
Timezone)
Check the Chart’s Timezone settings – this always overrides the Default settings,
unless you select the default timezone setting: Chart Settings -> Advanced Settings ->
Timezone
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Symbol format
Check and adjust the Symbol you use on a chart and follow your broker’s or datafeed’s
symbology. Enter the correct symbol at Chart Settings -> Main Settings -> Symbol
You can find the correct Symbols on the SierraChart site at Supported Data and
Trading Services: https://www.sierrachart.com/index.php?page=doc
/SupportedDataAndTradingServices.php
Scale Settings
For best visibility, adjust the price scale display settings according your instrument at
Chart Settings -> Main Settings -> Scale -> Scale Increment
You can also select differen price scaling settings by right click on the price scale then
selecting a ‘Scale Range Type’
For example traders of ES who use Chart DOMs may consider displaying their price
scale in 0.25 increment. But for traders of the German Bund a 0.01 increment is the
correct setting.
Maintain separate ‘master’ chartbook for each of your markets
The easiest way to keep an archive of your charts and customizations is to create
separate chartbooks for each instruments and duplicate its charts to new chartbooks
This also eliminates the need to build every charts from the scratch.
Chart linking and linked charts
Always be sure that you maintain the correct linking of charts within a given
chartbook.
Generally linkinig can be adjusted using Chart -> Linking function but there are other
type of chart links that exists:
Overlaid studies always refer to another charts defined by its Chart Number –
doublecheck each chart you modify to maintain the correct numbering
Duplicating charts into another chartbooks almost always resets/messes up the chart
numbering (new # will be assigned to each charts based on the sequence of their
creation).
You can copy drawing tools automatically from another charts by using the Chart
Settings -> Advanced Settings 2 -> Copy Chart Drawings from Chart #s: option
Adjusting timeframes
Make sure you adjust timeframes of all associated charts. Study/Price Overlay can
refer to a specific timeframe chart in a chartbook, and simply adjusting a single chart
will not adjust the source chart’s timeframe automatically.
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Certain chart types (like TPO or Footprint) require a specific chart timeframe for the
best visibility. For example it is better to adjust the TPO tick increment of a high
volatility product’s to have a more readable chart.
Similar setting can be useful when displaying Footprint charts: higher timeframes of
high volatility products can result in un-readable, big candles with many numbers.
Just the opposite is true for slower thick products: a small timeframe (1min, 5min) can
produce completely useless small, 1-2 tick wide bars so it is better to use a higher
timeframe.
Adjusting timeframe: adjust on all associated charts + make sure you use one that fits
to your market (too many ticks on high volatility products can result in unreadable
charts of footprint, TPO, etc)
Article Chartbook DIY Level1 (Chartbooks) SierraChart
3 sur 3 06/04/2021 à 11:04
