Showing posts with label Programming Sierra Charts. Show all posts
Showing posts with label Programming Sierra Charts. Show all posts

12/10/2008

I Make Fire!

Ever see the Tom Hanks movie Castaway? Remember the scene, after days of trying, when he finally makes fire. He starts screaming and dancing around his fire.

Picture one Norwegian, Danish, Swedish, English Canadian dancing around his computer screaming I make bars change colour.

I am a programming master!

Maybe not.

Actually the exceptional Irish trader walked me through some basic programming in Sierra Charts. Sierra uses an XL spreadsheet to allow you to program some parameters of your plan.

The 5 and 1 minute price bars now turn colour when certain conditions are met. The spreadsheet is looking at the ATR, ADX, and CCI and turns the price bar blue for long and white for short. It's not a black box but does give me a visual of when I need to start paying attention.

I have not tried to program anything on the renko charts as they are all ready colour coded for direction, and I am looking at swing highs and lows on it. In other words I wouldn't have a clue on how to program that.

Today's trade action was horrible for me and evidenced by the severe lack of colour on my minute charts.

Here are a couple of 1 minute charts from yesterday and today.