trading

Trading: fix 2000-tick chart looking wildly different

It is normal for tick charts to look a little bit different between different charting software (NT8, QT, Sierra) and between different data providers (CQG, Denali), because of how each one aggregates and displays the tick data. The key here lies in a little bit different. In a normal trading session, a “little bit” means the swing highs and lows are identical between charts, the price action moves and setups are identical, and most of the bars are identical, but here and there you might see a difference in the open and closing prices of some bars (not all).

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Sierra Chart: indicator for bar closing on top/bottom third

Sierra Chart’s Color Bar Based on Alert Condition study is a powerful little tool we can use for setting up all kinds of chart indicators on a bar-by-bar level. In this example, I want to print a small dot above bars that are closing within their top third, and below bars closing within the bottom third. Add the study to the chart, then go to settings. Those are the input values we are interested in:

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