Indicator Settings: Difference between revisions
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Indicators can be modified by changing the input Values. | Indicators can be modified by changing the input Values. | ||
One of the main advantages of using the inputs is that basic adjustments to the study's logic can be made | One of the main advantages of using the inputs is that basic adjustments to the study's logic can be made by simply changing the input values, without the need to edit the studies' actual code. | ||
Most, but not all, indicators use input values; to learn more see Default Studies Inputs. The inputs can be modified before as well as after the indicator has been inserted. | Most, but not all, indicators use input values; to learn more see Default Studies Inputs. The inputs can be modified before as well as after the indicator has been inserted. | ||
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# Open the '''Format Indicator''' window.<br><span>{{FormatIndicator}}</span> | # Open the '''Format Indicator''' window.<br><span>{{FormatIndicator}}</span> | ||
# Select the ''' | # Select the '''Inputs''' tab. | ||
# In | # In the '''Value''' column, click on the value of the input that you want to change and enter the desired value. | ||
<div style="background-color: #E5F6FF;">Tip: To use these general settings as the default for the selected indicator, check '''Use as Default''' check box.</div> | <div style="background-color: #E5F6FF;">Tip: To use these general settings as the default for the selected indicator, check '''Use as Default''' check box.</div> | ||
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# Open the '''Format Indicator''' window.<br><span>{{FormatIndicator}}</span> | # Open the '''Format Indicator''' window.<br><span>{{FormatIndicator}}</span> | ||
# Select the ''' | # Select the '''Style''' tab. | ||
# In | # In the '''Type''' column, select the plot type from the drop-down list box. | ||
# In the '''Color''' column select the plot color from the drop-down palette box. | # In the '''Color''' column select the plot color from the drop-down palette box. | ||
# In the '''Style''' column select the plot style from the drop-down list box. | # In the '''Style''' column select the plot style from the drop-down list box. | ||
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== Setting Maximum Bars Back == | == Setting Maximum Bars Back == | ||
All indicators based on past data use a certain number of bars for their calculations. The number of bars is called '''Maximum number of bars a study will reference''', or '''Maximum Bars Back'''. You can | All indicators based on past data use a certain number of bars for their calculations. The number of bars is called '''Maximum number of bars a study will reference''', or '''Maximum Bars Back'''. You can select to set this value manually, or to have it set automatically (Auto-Detect). The Maximum Bars Back value '''cannot be smaller than 1''' and '''cannot be greater than actual number of bars on the chart'''. This value shows how many bars a study requires to be calculated before it can plot first results on the chart. It means that '''there can be no plot or any other visual output on the X number of bars at the beginning of the chart, where X = MaxBarsBack or Maximum number of bars a study will reference'''. | ||
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== Selecting Base Data Series == | == Selecting Base Data Series == | ||
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== | == Advanced properties == | ||
You can | * '''Update on every tick''' | ||
You can select whether to recalculate an indicator every time a new tick is received in real-time, or only at the close of each bar. One or the other may be more appropriate, depending on the indicator's algorithm. Update on Every Tick option is enabled by default. Updating a large number of complex indicators on every tick will require substantial system resources. | |||
<div style="background-color: #ffc0cb;">Note: This option does not affect the calculation on historical data. On historical data the indicator is calculated on the bar close values only.</div> | |||
Indicator's update rate is set from the '''Format Indicator''' window: | Indicator's update rate is set from the '''Format Indicator''' window: | ||
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<div style="background-color: #E5F6FF;">Tip: To use these general settings as the default for the selected indicator, check '''Use as Default''' check box.</div> | <div style="background-color: #E5F6FF;">Tip: To use these general settings as the default for the selected indicator, check '''Use as Default''' check box.</div> | ||
* '''Realtime-history matching''' | |||
The detailed description of this feature can be found here: [[Realtime-History Matching]] | |||
* '''Skip identical ticks''' | |||
The detailed description of this feature can be found here: [[Skip Identical Ticks]] | |||
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== Setting Last Price Marker == | == Setting Last Price Marker == | ||
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# Open the '''Format Indicator''' window.<br><span>{{FormatIndicator}}</span> | # Open the '''Format Indicator''' window.<br><span>{{FormatIndicator}}</span> | ||
# Select the ''' | # Select the '''Style''' tab. | ||
# In the ''' | # In the '''Marker''' column, select or deselect the checkboxes for the corresponding plots. | ||
<div style="background-color: #E5F6FF;">Tip: To use these general settings as the default for the selected indicator, check '''Use as Default''' check box.</div> | <div style="background-color: #E5F6FF;">Tip: To use these general settings as the default for the selected indicator, check '''Use as Default''' check box.</div> |