Indicator ADX on a Spread (MC standard)

Questions about MultiCharts and user contributed studies.
Fredi
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Indicator ADX on a Spread (MC standard)

Postby Fredi » 01 Nov 2013

From two dataseries (i.e. Data1 and Data2) it's easy to calculate the
difference (=Spread) via an indicator study.
However - how to calculate the ADX(5) from this Spread, which is'n a DataN series?
Is there any way to transform this Spread (including O, H, L, C) to a DataN series, in
order to make "ADX(5) on DataN" possible?
Or - is there any other way to implement this?

Thanks in advance,
Fredi

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Henry MultiСharts
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Re: Indicator ADX on a Spread (MC standard)

Postby Henry MultiСharts » 01 Nov 2013

Hello Fredi,

Since MultiCharts 8.8 beta 1 an indicator can be applied to the other indicator directly.
Here is how to do that: https://www.multicharts.com/trading-sof ... _indicator

Fredi
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Re: Indicator ADX on a Spread (MC standard)

Postby Fredi » 01 Nov 2013

Hello Henry,
thank you, this is good thing.
However, what can I do in the meantime (up to the official version)
and how can I use this in a signal study (like "ADX(5) on Spread1"), in order
to generate a setup for orders?

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Henry MultiСharts
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Re: Indicator ADX on a Spread (MC standard)

Postby Henry MultiСharts » 01 Nov 2013

If you are running MultiCharts 8.7 Release or older version you need to place both indicators into one study in order to perform the calculation based on original indicator values. You can also create the function that will do the calculation you need and then reference it from your code.


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