- OI, funding, basis analysis
- DOM book depths aggreggated
- Funding Rate premiums
- Historical data
- API tutorial
- Multi-exchange connection for data and trading
- OTC and spread matrix
If you or a trading buddy is considering Sierra Chart, but don't know where to start, I got you.
In this thread I'll go over the exact steps from start to finish so you can go from signup to trading, quickly. 🧵
First of all, Sierra Chart offers extensive documentation covering the entire platform end-to-end. Also, there are support boards which have about 99% of questions already answered. Creating a new ticket is last resort.
To start, download Sierra Chart. It should be saved to an SSD drive. Typically this will create a Sierra Chart icon on your desktop, but you can also find it within your Sierra Chart folder typically located in the C drive by default.
Nearly any combination of charts and studies can be combined to create the ideal workspace for trading in Sierra Chart. Some people use 1 chart, some use 20.
In this thread, I'm going step by step build a prop style workspace with a DOM, footprint, depth chart, and more.
🧵
Firstly, I can't deep dive into all settings. This is a general guide. I do however have more in-depth guides for charts found in this example in my master thread, where I have poured hours and hours into free material:
Let's build: Footprint with delta table, TPO with volume profile, DOM with volume profile, candlestick with key levels, market depth chart, time and sales.
You will need Service Package 5 or higher available from the Sierra Chart website.
I have thousands of hours using Sierra Chart, and I'm going to share a few banger adjustments I've picked up along the way.
Are they going to make us rich or tell us where to buy? No, but I'm sure even experienced SC users will find a nugget in the thread below 🧵
First, is keeping order lines in the right margin. No numbers get blocked, it's easy to cancel, easy to drag and drop, and with multiple orders it's simply a cleaner look.
To adjust:
SC Menu: Chart > Chart Settings > Trading > Trade Drawings Left Align % : Try 30
Next is purposefully coloring the Trade Window an odd color to easily identify between Live and Sim account. Most of us have mixed this up at some point.
If my trade window is Purple, I KNOW I'm on sim.
In trading once the trade is done there are no take backs and no refunds. There is however the ability to replay the moment.
While you are sleeping peacefully at night, your competition can often be found reviewing and replaying.
This thread shows exactly how to do it 🧵
Begin by opening either a chart or chartbook in Sierra Chart. We can replay 1 chart or multiple at once.
If trading during the replay, I'll Click to select a chart > SC Menu: Chart > Chart Settings > Trading > Always Simulate Bid and Ask Prices During Replay: Yes (Optional)
In the Data Limiting menu of the same Chart Settings window, set Days to Load as many as you need for the replay. If it's set to 3 days and you try to replay 15 days ago, it won't work. Press OK.
I'll make sure my account is SIM, data Disconnected, and trading is unlocked.
So you have a systematic idea you want to back test or forward test using automation, but have no idea where to start.
In this thread, I'll walk through the exact steps to loosely test these ideas. 🧵
What's covered:
- Basic autotrader setup
- Add a signal, Long only, on bar close
- Run the test
- Review results
None of this is advice, this is purely entertainment. Written for intermediate+ users, not beginners. Past results not indicative of future results. For testing only.
- In a new Sierra Chart chartbook, add a lower timeframe chart
- Simulation mode is ON, trading is UNLOCKED, SC Menu: Trade >> Auto Trading Enabled Global and Chart are both checked
- Add any studies you'll need for a signal, we'll call this study 1
So you use Sierra Chart, but you haven't yet setup a professional quality DOM.
In this thread, I’ll walk through setting up a high performance and high visibility DOM.
Check out the before and after, then grab a coffee and follow along. 🧵
In this post I’ll demonstrate:
- DOM styling
- DOM scaling
- DOM settings
Begin by opening up Sierra Chart. SC Menu > File > Open Trading DOM
With the DOM open, hit Chart > Graphics Settings. Uncheck Use Global Graphics Settings.
Change the Color and checkmark the Enable box on the following:
Style cheat sheet:
- Trade Dom Background Color: Grey
- Trade DOM Grid: Darker Grey
- Last Trade Price Box: Yellow
- Trade DOM Buy Column Back: Blue
- Trade DOM Buy Column Lines: Grey
- Trade DOM Sell Column Back: Red
- Trade DOM Sell Column Lines: Grey
- Trade DOM Ask Background: Uncheck the Enable box (same for Bid Background)
- Trade DOM Ask Depth Background: Lighter Red
- Trade DOM Ask Depth Quantities: White
- Trade DOM Bid Depth Background: Lighter Blue
- Trade DOM Bid Depth Quantities: White
- (Chart DOM Best Bid/Ask Box: Yellow, I use this, many others do not)
Some of the colors I used are on the default color palette for Sierra Chart. Or, you can use a color picker tool to find the exact color codes I used.