The vertical flip experiment

[tiddlywinks]

SierraChart can do the screen flip with an out of box study named Multiply by -1

As for the DOM, SierraChart has too many DOM customization settings to fuss with IMO!


Just be careful... don't get locked into a specific feature unless you can guarantee yourself that feature makes money!.


Here's a quick pic of a 10 min YM chart with the inverted... You could have it as the only pane if you wanted to.

HTH

 

[insomniactrader]

This is exactly what I meant by shorts.... sure market may go lower but nq 400+ point up today. So anyone who held short or still looking short, not only missed the longs but missed out on covering profits and etc.

And if anyone has so much capital they can hold through 400+ points and not care, than I will bow out vs them because that's way out reasonability for me.

Hear you there. It's how I lost my first OneUp Trader eval last week - letting the market 'breathe' while in trades. Tight stops certainly didn't work, but allowing it to free-fall while in a trade, waiting for the reversal that never came is always a recipe for a large drawdown.

 

[insomniactrader]

SierraChart can do the screen flip with an out of box study named Multiply by -1

As for the DOM, SierraChart has too many DOM customization settings to fuss with IMO!


Just be careful... don't get locked into a specific feature unless you can guarantee yourself that feature makes money!.


Here's a quick pic of a 10 min YM chart with the inverted... You could have it as the only pane if you wanted to.

HTH

View attachment 220989

Thanks for that tiddlywinks. I did try that feature with Sierra when I was with Transact a while back, but if memory serves (and these days it usually doesn't!) I couldn't get the DOM to reverse. But I love Sierra and may go back to that. The R Trader Pro is free with free data feed so using that for now for the OneUp Trader evaluation.

 

[SunTrader]

Doubt you will find a DOM that does what you want. Possible liability (?) on brokers part they can do without.

How about using gravity boots/inversion table?

j/k of course.

 

[insomniactrader]

Doubt you will find a DOM that does what you want. Possible liability (?) on brokers part they can do without.

How about using gravity boots/inversion table?

j/k of course.

Ha! Might have to resort to that if it helps me work up the balls to pull a short ;-)

But seriously I hadn't even considered broker liability. That idea in mind I may still revisit that at some point. If Sierra has that capability then I'm almost sure Meta, Ninja, eSignal etc likely do too. Just assuming here.

 

[insomniactrader]

Hmmm.. I do have an inversion table..

 

[tiddlywinks]

FWIW... For SierraChart, using the Multiply by -1 built in study...
1) Add the study to the main price graph.
2) Check the "Display as Main Price Graph" study setting.
3) Hit the apply and/or the OK button to exit the studies window.

Your inverted chart will be the top most pane.

4) From the SC menu bar, select "Trade --> Trading Chart DOM On" option

You will have an inverted DOM!! Albeit, it is not the full DOM window, but it is a usable DOM, inverted. The scaling options for range, moving, etc also apply.

HTH

 

[insomniactrader]

I've copied and pasted your instructions. Thank you so much!! Now I can see what additional trouble I can get myself into!

 

[SunTrader]

I don't see the point of going through the trouble to change direction of the way bars plot - if your underlying aversion to shorting is still present?

 

[insomniactrader]

It's like I was saying at beginning of this thread, just an experiment. My problem of fearing shorting, not sure what triggers it. But thought if I reversed everything I could 'fool' my brain - which is hard-wired to only venture into long trades - to see the downward direction as rising movement so I can maybe find it easier to pull the trigger on a short. Might seem silly I know. And the 'experiment' might come to nothing far as anything significant accomplished, but guess I won't know until I try it.