been trying to build these charts for more info,
can someone help me know why my bars look wrong?
Is SPXS a “sell” in morning and SPXL a “buy”?
I think arindam mentioned these don’t always happen at same time?
just watching for now
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Hi Gator,
When taking a snap of your charts make sure your mouse pointer is on the screen so all the studies you are using can be seen. Look at this.
So you can see I am using MA 30, Partp (Sar) and TSI.
Then set on Settings on chart,
on Symbol Bar click on Heiken-Ashi, check boxes Extended Hours, Realtime CBOE.
Click Display Click what chart size you want (your Preference), Symbol and Study Data click headers,
Click on Scale , Linear, Price, Exact value
Click on Events, Click on Dividends, Earnings
Ok that is the basic set up that I have. Now the MA 30 you can leave off and you will have it setup according to Quill. Save that as a template and label it as you would like.
Now looking at your chart. The reason it looks off is because the chart is displaying two different candles, it does this when it is confused. To reset that do this. Click on setting. Click on that ball to the right of bar type and turn it off. Then hit apply. Then go back into setting, hit the ball to the right of bar type and turn it back on, Hit apply. That should fix your chart.
This is how Quill told me to set the charts up for Simon Sez 4.
Andy
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for some reason when I turn the ball back on, I get 2 bars again? Do I leave it off and just use HA smooth bars?
i dont think you have your bars set for heiken- ashi. get rid of the hasmo by clicking the x. then save it as a different template.
Andy
gator, I think you are showing both HA and Heiken- ashi. Go into settings and move the top toggle to Off for the bar type and then apply. Only HA should then remain on graph. See if that helps.
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If you look at his studies he still has hasmoothie. He needs to delete that and save as different Template.
Andy
gator,
‘Heikin-Ashi’ bars is one choice in the menu of price formats. The other price formats are OHLC, Hollow Candlesticks, Line, Renko, etc. Each of those choices can be turned ‘off’ or ‘on’, and a couple of the choices can’t be selected unless you have a ‘Premium’ account, e.g., Kagi and P&F.
‘Heikin-Ashi Smoothed’ is an indicator that can be applied to price bars WHETHER THOSE BARS ARE TURNED ON OR NOT. Its smoothing is determined by which Moving Average type is chosen and by what value is used for the lookback period. The default parameters for the indicator are ‘EMA’ and ‘10’. But if the lookback is set to ‘1’, then there is no difference between HA bars and how the indicator plots on a chart.
Lakedog was making a big deal of the fact that HA bars are an abstraction from “real” prices and can’t/shouldn’t be used for execution, and he was trying to build charts that included both the ease of interpretation that HA bars offer, plus the reality of showing actual prices. Yes, ‘analysis’ and ‘execution’ can be combined in a single chart, but at the cost of ‘complexity’. I’d argue that it makes far better sense to keep those actions and operations separate. Therefore, yes, turn off the price bars if you don’t want to see the doubling that happens when HA bars are selected AND the HA Smoothed indicator is applied to them.
However, that suggestion doesn’t apply to all price type types. Here’s an example where the price bar type is ‘area’ and the HA Smoothed indicator has been applied.
In summary, building charts is as much about “aesthetics’ as it is about 'information”.
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got it all thanks! I like that one with area graph for now. Will keep following
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