Sierra Chart Chartbook and Chart Appearance

Sierra Chart Save Chart Appearance | Graphic Settings | Chart Grid Lines


Go to File


Click either New/Open Historical Chart (shortcut Ctrl-H) or New/Open Intraday Chart (shortcut Ctrl-I) You can also just choose “Find Symbol” and open the chart after selecting the symbol you want a chart for.

  • *NOTE: You can choose either “Historical Chart” or “Intraday Chart” here, it doesn’t really matter. You can always specify what time period you want in the chart settings. These choices just lets the platform know which file extensions to show in the next window.


Choosing Historical Chart brings up the *.dly files.


Choosing Intraday Chart brings up the *.scid files.

For this example we’re going to pick MNQH21 (Micro Nasdaq E-mini Futures) for this example.


By default, my Sierra Chart opens up a new chart with OHLC Bars.

We’re going to go to Chart Settings and adjust how the chart displays the price first.


Now we’re going to change from OHLC Bars to Candlesticks by going to Chart Settings.

Chart settings can be found under the Chart tab or by right-clicking on the chart to access the shortcut menu. Keyboard shortcut is F5.



The Ultimate Charting Platform Guide featuring Sierra Chart
Candlesticks, as well as other ways to plot price on the chart, is found in the Graph Draw Type selection box to the right of the Main Settings tab.

Click Apply to apply the settings and stay in chart settings. Click OK to apply the change and exit chart settings.


Now we can see our change to use candlesticks have been applied to the chart.

But let’s go back to the chart settings and look at some more setting we may want to change.


Highlighted are some of the main chart settings you may be interested in adjusting when setting up your charts for the first time.

The rest of the settings may be important based on what you are trading and your personal preferences. There are also other methods to adjust some of these settings. For example, under Advanced Settings 2 tab, “Draw DOM Graph on Chart” can also be accomplished under the Trade tab in the main menu bar.


Main Settings:


Advanced Settings:


Advanced Settings 2:


Alerts: This is where you can set custom alerts based on a variety of blah blah using Sierra Chart’s syntax for alert conditions. This will be discussed in detail in the Alert Condition and Spreadsheets section of the Sierra Chart guides.

Sierra Chart Update Guide

In this guide we will go over how the Sierra Chart update feature works. In this guide we will be using the Sierra Chart Installer to get the latest version or roll back to a previous version.

Most of the time you will receive a message when logging in when there is a new version available.

However, some times you may miss the message or not get it for whatever reason. Here’s how to check for an upgrade and upgrade to the latest version or go back to a previous version.


Go to Help and Download Current Version


If you want to go to a previous version, select Install Previous Version


There is also the option to Download a PreRelease, but with typical beta upgrades, errors should be expected

Continuing with the upgrade, after clicking Download Current Version, the Message Log will pop-up and after a few seconds you should see a window stating “The installer program has been downloaded.”

Click Yes


Save your Chartbooks by clicking Yes on the next window. Sierra Chart should shutdown


The Sierra Chart window will open. Check the Version dropdown to make sure it “Current Version” is selected and you see the version to be installed in the message window below



Click Install

NOTE: The Version dropdown is where you can also choose to download a Previous Version or PreRelease


Next, you will see messages showing the installation is in progress


When it’s finished you will get a pop-up showing the installation is complete


Click OK


Then Close the Sierra Chart Installer


Sierra Chart will automatically restart


Go to Help and About to check what version you are running

Trading Essentials: The Most Common Software, Platforms and Tools Explained


There’s an endless list of trading tools and resources at your fingertips, from stock screeners, to charting software, news streams, chat rooms and trading platforms. As a beginner trader, it can be overwhelming to determine what you absolutely need and what is nice-to-have for getting started. Subscription-based software will give you the most features; but depending on your trading style, you may be just fine with free options.

Before spending all of your trading capital on complex contraptions, begin with the basics. If you’re simply investing, all you need is a search engine and a broker — one tool for researching trades, and another to execute them. However, the more detailed your strategy, the more benefit you will find with paid resources.

Once you’ve gotten comfortable with the fundamentals of how to find, analyze, buy and sell stocks, you will have more clarity on what tools you need to supercharge your trading.

Here are the most common trading tools explained.

A brokerage is your door to the stock market, connecting you to various exchanges and
executing transactions on your behalf.


What to look for

The best place to start when looking for a brokerage is your trading or investment strategy. After you’ve defined your trading goals, approach and technique, it’s time to identify a brokerage that aligns with your needs.

Access to charting tools: If you don’t have capital up-front to invest in trading software and platforms, you might consider a broker that offers free charting and analytics tools, like TD Ameritrade’s Thinkorswim. Thinkorswim also offers a free trading simulator so you can practice your trading strategy without risking real money.

A support team: Some brokerages offer investment consultants who analyze your trades and provide recommendations on how to organize your portfolio. If you’re a passive investor looking

to build a balanced portfolio long-term, you may find it helpful to have a brokerage partner who can provide ongoing support and ideas.

Mobile optimization: For the active trader, brokerages now offer mobile and desktop applications to keep you connected on-the-go. If you plan to trade via mobile, be sure to select a platform with minimum lag and maximum responsiveness.

Pay-to-play fees: Thanks to Robinhood, most brokers have removed commission fees for trading stocks. However, if you choose to trade futures or forex, commissions and exchange fees still remain. Depending on the volume of your trades, you can negotiate lower commission fees with your broker. Even with no commissions, you may be required to maintain a minimum account size; deposit an initial amount; or pay margin rates, data and exchange fees.

If you plan to day trade with a small account, consider an offshore broker due to the pattern day trader (PDT) rule that requires you to maintain a minimum $25,000 account size.

Before choosing a broker, do your research. Ask other traders what they use. Find the top five most popular brokerages and compare them. You can also open accounts with multiple brokers and test them out until you find the right fit.

Trading platform

Trading platforms, like brokerages, often allow you to trade the market directly. However, they also offer added bonuses by combining a number of tools, including scanners, watchlists, data and news streams in one platform.

What to look for

User friendliness: Learning how to trade is hard enough without the additional learning curve of a trading platform. Choose a platform that is intuitive, easy to use and offers hands-on customer service. You can always explore more features as you get comfortable with the essentials.

Low-latency and responsiveness: Many trading platforms execute trades through your broker. Manage your risk and minimize slippage by choosing a reliable platform with quick response times.

Notifications and alerts: If you’re managing many trades at once, desktop, email and mobile alerts can help you stay organized. Choose a platform that allows you to customize your charts so you receive alerts when indicators are triggered.

Simplicity: Platforms like Robinhood and Webull are simple to use and allow you to connect information from other sources.

Versatility: Choosing a platform that combines the most commonly used tools in one space can be efficient, convenient and cost effective. Thinkorswim, Interactive Brokers (a broker with their own charting platform), Tastyworks, TradingView, Sierra Chart (futures), and NinjaTrader are just a few all-in-one platforms to consider.

Charting software

Use charting software to analyze stock trends and make informed decisions about when to buy or sell stocks.

What to look for

Compatibility: While web-based platforms are easily accessible and can be used without downloading clunky software to your computer, desktop platforms have more complex software requirements that may be incompatible with some PC or mobile operating systems. Do your research to ensure compatibility between your preferred charting software and trading devices.

Speed and responsiveness: Your trading style will determine the requirements of your charting software. Time is of the essence for momentum traders who hold stocks for minutes or hours.

You’ll want a charting platform like TC2000 that enables real-time technical analysis on multiple time frames, with the flexibility of viewing several layouts at once.

News and analytics: A simple charting platform with access to earnings reports and news alerts may be more fitting for position traders who hold stocks for months to years and rely on fundamental analysis to make decisions.

Fundamental and technical analysis: Charting software that offers a combination of both fundamental and technical analysis is essential for swing traders holding stocks for days or months. TradingView is one option that provides technical indicators, along with a stock screener and watchlists. With the right broker, TradingView can also serve as a trading platform.

Stock screener

With thousands of stocks on the market, how do you choose the best trades? Stock screeners (or scanners) allow you to filter stocks for potential winners by setting specific parameters.

What to look for

Simplicity and ease of use: Most stock screeners follow the same simple setup; but not all are created equal. For a free, intuitive stock screener, you might consider Finviz or Yahoo! Finance. Some brokers and trading platforms also offer stock screeners as part of their service.

Complex screening criteria: Depending on your level of technical analysis, you may need access to more expansive screening criteria and indicators that go beyond price action, volume and volatility.

Watch lists: Some stock screeners , like Benzinga Pro, allow you to build personalized stock lists based on your criteria. This can be a helpful way to narrow your focus down to only a few key trades and save your favorite go-to stock picks over time.

Data feed

Data feeds provide real-time quotes and historical market data by the day, minute and tick. Make sure to check with your broker for complete details as access and possible fees vary for each broker.

What to look for

Newswire: Press releases, earnings and announcements can sway the momentum of a stock. Follow news streams to keep a pulse on real-world events that trigger trends in the market.

API integration: Stock news APIs can be integrated into your platform of choice, helping you stay up-to-speed with market news anytime, anywhere.

Additional Fees: Certain instruments, such as Futures, can have additional fees associated with data for charting. Data required to populate your favorite charting software for Futures is not the same as stocks. While some brokerages offer access to this data for free, you may be required to pay for this data via a provider, such as CQG or Rithmic.

Community forums

Chat rooms are a great way to stay in-the-know of trending trades. The more interest a stock generates, the more momentum it will have. Be careful to trust your own gut. Don’t jump into a trade on recommendation. Do your own analysis and research to make informed decisions that match your trading style.

What to look for

Free communities: Social media is a great place to start. Follow your favorite traders on Twitter and Facebook. StockTwits is a free chatroom that offers simple charts, trending stock alerts and real-time news feeds.

Continued education: Trading communities like Real Life Trading and Trappers Anonymous (Wallstreet Trapper) require a fee to join in exchange for online courses, stock reviews and strategy sessions.

Now that you’re familiar with the various tools and resources at your disposal, now it’s time to choose your adventure. Start by determining what you will trade, i.e. stocks, futures or forex. Then, choose the platform you like the most and are most comfortable with. If you’re unsure, request a demo and take it for a test drive. Be sure to pick a broker that supports your platform of choice, and vice versa. Pay attention to commissions and other fees for processing trades, depositing and withdrawing funds. Seek out top-notch customer support and check with other traders for credibility.

Remember; less is more. Don’t try to use all the tools and resources available. Take what you need and leave the rest. Keep it simple.


Get out there and crush it!

For real-time insight follow me on Twitter! @Mv3Trader

Comment below with your opinions and questions.