Percentage Charts

Questions about MultiCharts and user contributed studies.
SP
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Percentage Charts

Postby SP » 21 Mar 2014

I saw that Zerohedge shows percentage charts on different sectors/ETFs from the session open. Do i need to build an indicator for that or could that be done with by default?

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sptrader
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Re: Percentage Charts

Postby sptrader » 21 Mar 2014

Unlike TS, MC does NOT offer percent change charts. I think it's a big void in an otherwise great product..
Go ahead and suggest it, I'll definately vote for it..
I've mentioned it for years but never got around to submitting it as a feature.. I've been busy with other projects.

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TJ
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Re: Percentage Charts

Postby TJ » 21 Mar 2014

You can easily plot a spread chart with the included indicators
"Spread - Diff" or "Spread - Ratio".

It is a simple 2-line code.

If you are into any analysis,
you would probably not be satisfied with a plain line.
It is most likely that you would want to add some visual/aural alerts to it;
eg. when the spread makes a spike, you would want to pop an arrow,
or when the oscillation makes a divergence, you would want to change the color,
or the spread reverses to negative, you would want to make a voice alert.
You can do all that with some easy programming.

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Andrew MultiCharts
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Re: Percentage Charts

Postby Andrew MultiCharts » 24 Mar 2014

I saw that Zerohedge shows percentage charts on different sectors/ETFs from the session open. Do i need to build an indicator for that or could that be done with by default?
Unfortunately you cannot plot such chart natively in MC, however it should be possible by means of a custom indicator.


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