Using Studies: Difference between revisions

Line 2:

making trading decisions.

Over 270 pre-built, customizable studies, covering the most popular trading concepts and indicators, are already included with the

Over 270 pre-built, customizable studies, covering the most popular trading concepts and indicators, are already included with the platform, and additional studies can be imported from a variety of sources. Basic adjustments to studies' logic can be made by simply changing the '''Input Values'''.

platform, and additional studies can be imported from a variety of sources. Basic adjustments to studies' logic can be made by

simply changing the '''Input Values'''.

Studies can be fully customized, or entirely new studies created, using PowerLanguage® scripting in '''PowerLanguage Editor'''.

Line 12:

Line 10:

Studies can be divided into Indicators and Signals:

* An '''Indicator''' is a visual technical analysis tool, used to analyze market conditions and identify and forecast

* An '''Indicator''' is a visual technical analysis tool, used to analyze market conditions and identify and forecast trends and market patterns. An indicator is a visualization of a mathematical formula, and consists of one or more '''Plots''' – lines, histograms, series of points or crosses, highs and lows, left and right ticks, or a combination of the above. Indicators are computed using only price, volume, and (occasionally) open interest data.

trends and market patterns. An indicator is a visualization of a mathematical formula, and consists of one

* A '''Signal''' is a mechanical technical analysis tool, used to systematically specify market entry or exit points according to a set of trading rules implemented in the signal's algorithm. The trade points are indicated on a chart by ticks and arrows. Signals can be viewed as the basic building blocks of strategies.

or more '''Plots''' – lines, histograms, series of points or crosses, highs and lows, left and right ticks, or a

combination of the above. Indicators are computed using only price, volume, and (occasionally) open interest data.

* A '''Signal''' is a mechanical technical analysis tool, used to systematically specify market entry or exit points

according to a set of trading rules implemented in the signal's algorithm. The trade points are indicated on a chart by ticks and arrows.

Signals can be viewed as the basic building blocks of strategies.

* An indicator is applied to a particular data series, and can be displayed either in the same chart as the series or in another

SubChart. A signal can only be applied to the series with the Data #1 and is displayed in the same chart as the series.

@@ Line 2: / Line 2: @@
 making trading decisions.
-Over 270 pre-built, customizable studies, covering the most popular trading concepts and indicators, are already included with the
+Over 270 pre-built, customizable studies, covering the most popular trading concepts and indicators, are already included with the platform, and additional studies can be imported from a variety of sources.  Basic adjustments to studies' logic can be made by simply changing the '''Input Values'''.
-platform, and additional studies can be imported from a variety of sources.  Basic adjustments to studies' logic can be made by
-simply changing the '''Input Values'''.
 Studies can be fully customized, or entirely new studies created, using PowerLanguage® scripting in '''PowerLanguage Editor'''.
@@ Line 12: / Line 10: @@
 Studies can be divided into Indicators and Signals:
-* An '''Indicator''' is a visual technical analysis tool, used to analyze market conditions and identify and forecast
+* An '''Indicator''' is a visual technical analysis tool, used to analyze market conditions and identify and forecast trends and market patterns.  An indicator is a visualization of a mathematical formula, and consists of one or more '''Plots''' – lines, histograms, series of points or crosses, highs and lows, left and right ticks, or a combination of the above.  Indicators are computed using only price, volume, and (occasionally) open interest data.
-trends and market patterns.  An indicator is a visualization of a mathematical formula, and consists of one
+* A '''Signal''' is a mechanical technical analysis tool, used to systematically specify market entry or exit points according to a set of trading rules implemented in the signal's algorithm.  The trade points are indicated on a chart by ticks and arrows. Signals can be viewed as the basic building blocks of strategies.
-or more '''Plots''' – lines, histograms, series of points or crosses, highs and lows, left and right ticks, or a
-combination of the above.  Indicators are computed using only price, volume, and (occasionally) open interest data.
-* A '''Signal''' is a mechanical technical analysis tool, used to systematically specify market entry or exit points
-according to a set of trading rules implemented in the signal's algorithm.  The trade points are indicated on a chart by ticks and arrows.
-Signals can be viewed as the basic building blocks of strategies.
 * An indicator is applied to a particular data series, and can be displayed either in the same chart as the series or in another
 SubChart.  A signal can only be applied to the series with the Data #1 and is displayed in the same chart as the series.