Studies Guide

Note: The most important factors to know are 1) What is the data “Based On” and 2) Which Chart Region is it located? More on this HERE

Make sure to view the mini-guide for common Sierra Chart studies HERE

Contents:

• Basics of a Study and Adding Study to Chart
• Outline of Subgraphs
• Mini-Guides For Key Studies Used By Traders
• Customize Draw Style for Study
• Hiding/Unhide Studies
• Performing Math Calculations Using Studies
• Basics of Study Naming and Labeling Studies
• Adding Text To Charts
• Save Studies as a Group - Apply Study Groups to Charts
• Show Drawings From Other Charts (Or Chartbooks)
• How to Access a custom DLL study From a Third-Party Developer
• Study Value Formatting
• Layering Studies
• Documentation for Studies
• ◀️Previous Module: @Studies Introduction
• ▶️Next Module: @Advanced Study Concepts

Basics of a Study and Adding Study to Chart

A chart does not come with studies applied. To begin:

• Open a new chart and load a symbol
• SC Menu: Analysis > Studies (alternatively, press F4, or add a Studies button to control bar).

• Select any study from the left column, and then press Add>>
• Select the study (I used Standard Deviation Bands) and click Settings
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See Image (Press Arrow)
• TWO MAIN VALUES CRITICAL FOR UNDERSTANDING STUDIES ARE THESE TWO:
1. Based On. Default is Main Price Graph. However when you want to apply a certain study to data other than price, change the Based On value to another study. Example: Apply a moving average study to a graph, and change Based On to another study. This will calculate the moving average of another study. This is how Sierra Chart know what existing studies to apply the current study to.
2. Chart Region. Chart region 1 is the top area of a charting graph. By default, this is the primary location for price data. To apply a study to the primary chart region of 1, the value must be set to 1. Max 12 regions per graph.

Multiple studies can be applied to the same chart region. Note: If user is facing issues with where studies are drawn, then check which Chart Region each study is drawn to.

Outline of Subgraphs

Each study is given an ID. The data displayed on chart graphs within studies are called Subgraphs.

Example: Using the Bid Ask Volume Ratio study, Sierra Chart has given this study the ID number of 1. The subgraphs are labeled as SG1 and SG2 respectively.

Quite often it’s important to identify these ID’s and subgraph numbers:

• Spreadsheet and alert formulas
• Setting the precedence for any study to be based on
• Referencing and combining studies

For Subgraph settings and visual design:

• Open a chart book that has any study applied
• SC Menu:Analysis > Studies > Settings
• Switch to the Subgraphs tab
• Adjust settings and visuals as needed. Common changes:
• Graph Draw Type: Adjust between candlesticks, lines, OHLC, etc
• Width/Size: Adjust as needed
• Draw Style: How the data is drawn on the chart. Line at Last Bar to Edge is great for right margin
• Name Label: Check the Name Label box to display label
• Value Label: To put a price label on the price axis
• Include in spreadsheet to include or exclude that study from the spreadsheet
• All the other boxes containing “Display” can be unchecked to hide the excessive text from the chart, recommend this for cleaning up charts

Mini-Guides For Key Studies Used By Traders

Time to take a look at a few common studies with some basic overview on them. Highly recommended to view official documentation on each study for more details.

For more advanced concepts, CLICK HERE

Each of these can be found within the Studies window. Click the arrows to expand:

Customize Draw Style for Study

In many cases a study will reference downloaded data, but the user must configure studies in a way to visualize the data as desired. Example: Viewing the result of a calculation between two studies into a histogram draw style.

There are a few main critical settings and inputs for the draw style of any study:

• Add a study to any region of a chart
• Right click the Axis of the applied study
• Scale Settings
• Switch to Automatic Zero-Based or Zero-Centered

• Open a chart containing a study
• SC Menu: Analysis > Studies (or click the Studies button from a custom Control Bar button)
• Select by clicking the study to change the style of
• Settings
• Switch to the Subgraphs tab

• Adjust the Graph Draw type, and Draw Styles as needed:

Hiding/Unhide Studies

Often studies will be applied to a chart but the user wants these hidden though functional.

Hide entire study:

• Open a chart containing at least 1 study
• SC Menu > Analysis > Studies (or click Studies from the Control Bar)
• Select by clicking the desired study to hide
• Check the Hide box
• OK

• Open a chart containing at least 1 study
• SC Menu > Analysis > Studies (or click Studies from the Control Bar)
• Click Settings
• Switch to Subgraphs tab
• Select any subgraph to hide/unhide
• Draw Style > Choose any style from drop downPerformingden’ to hide

Performing Math Calculations Using Studies

Here are two methods to perform calculations:

1. Use of study subgraph math studies
• Multiply, Subtract, Divide/Ratio, Add, etc

These can be found on SC Menu: Analysis > Studies (or hit Studies on Control Bar)

2. Spreadsheet based calculations and formulas. See HERE for more on this

Basics of Study Naming and Labeling Studies

It’s best practices to keep studies organized and named effectively for when cross references are made or there are many studies on one graph. Various study names and labeling:

1. Assign a study a name; visible in study settings, data folder, spreadsheets, and data exports:
• Open any chart containing the desired study to change the name of
• SC Menu: > Analysis > Studies (or click studies on the Control Bar)
• Select by clicking the desired study to change name of
• Click Settings
• Short Name > “Study Name Anything”
• OK
2. Label Naming and Coloring, to see values near the Axis of the chart:
• Open any chart containing studies to add labels to
• SC Menu: > Analysis > Studies (or click studies on the Control Bar)
• Select by clicking the study in which to add a label to
• Click Settings
• Switch to the Subgraphs tab
• Click the desired subgraph to add a label to
• Short Name > “Name for Subgraph Anything”
• Check or un-check the Name Label and Value label respectively
• From the Horizontal Align drop-down list choose the desired alignment, Right Side Value is standard

Tip: There is also a Label color box selection on the same subgraphs settings window as above. It’s also possible to select Reverse Colors from the same subgraphs tab if preferred.

More on Name Labeling here

Adding Text To Charts

Two main options are a Text Tool or Text Display For Study.

Text tool:

• Open any chart
• SC Menu: Tools > Type Text
• Click the chart to add the tool
• Right click to adjust settings

Tip: Save as custom configuration using preferred Options to quickly add properly formatted text to charts

Study Text Display:

This is for displaying values of studies on charts, with the ability to add custom text

• Open any chart
• SC Menu: Analysis > Studies (Or click Studies on the Control Bar)
• add Text Display For Study study
• Settings
• Study and Subgraph to Display: Choose the desired study to display value of
• Prefix or Suffix Text: Type any text here to display on chart

Tip: To change appearance switch to the Subgraphs tab of the study settings

Save Studies as a Group - Apply Study Groups to Charts

A great way to save time from the repetitive task of adding a study then setting it up across multiple charts is to just save studies as a group:

• Select by clicking the desired chart window containing studies
• SC Menu: Analysis > Studies (or click studies on the Control Bar)
• Under Save Studies As Study Collection give the collection a name “example”
• Optional: Check the Promt to Remove Existing Studies box
• Save All

Then, to access the saved collection:

• Open any chart window
• SC Menu: Analysis > Click the saved collection “example”

Note: The collection will also be saved in the User/SierraChart/Data data folder with the same name, and can be shared with other users

Show Drawings From Other Charts (Or Chartbooks)

SC Menu: Chart > Chart Settings > [Chart Drawings] > Copy Chart Drawings From Chart #’s

To draw from charts in same chartbook: Type in the number of the desired drawings chart (Example 2)

To draw from charts located in a different chartbook: Type the Chartbook name, followed by the Chart number

#This means reference Chartbook 2, drawings from chart 3:

Chartbook2:3

[Chartbook Name] : [Chartbook Number]

How to Access a custom DLL study From a Third-Party Developer

• Provide the developer the Sierra Chart User name
• If unsure of user name: SC Menu:Help > About > see User name
• Open any chart window
• SC Menu: Analysis > Studies (or click Studies on control bar)
• Add Custom Study
• If User has been added by the developer, the developers name will be on the list
• Find and select the study desired
• Add

Tip: Usually developers don’t add the User immediately, consider waiting 24 hours. RESTART SIERRA CHART before contacting any developer.

Study Value Formatting

Sometimes the format of the downloaded needs to be changed. This is typically for changing decimal places, switching to fractions, and switching to percent based values.

To change the format:

• Open any chart containing studies
• SC Menu: Analysis > Studies (or click Studies on control bar)
• Select by clicking the desired study to change the formatting of
• Click Settings
• Choose a new value from Value Format dropdown list
• OK

Layering Studies

Some studies will visually interfere with bar data or other studies.

To send a study to a lower layer:

• Open a chart with studies on it
• SC Menu: Analysis > Studies > Select the study to be moved > click Settings
• Now checkmark Draw Study Underneath Main Price Graph
• OK

Documentation for Studies

Default studies come with very detailed descriptions. To view:

• SC Menu: Analysis > Studies (or click Studies on control bar)
• Select by clicking any study from the provided studies available list
• Click Show Study Description
• (Web browser opens with description)

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