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2. Basic Definitions

52 bytes removed, 09:40, 6 May 2013
==Indicator==
 
[[File:InsertStudy.png|right|Insert Study]]
Indicators in MultiCharts .NET allow the user to analyze price and trade information and to graphically display it on the chart. To add an Indicator on a chart, right-click on the chart, click Insert Study, select the Indicator tab, then select the required Indicator and click OK.
For example, the ADX indicator calculation results will appear in a graph displayed at the bottom of the chart.
http://www.multicharts.com/trading-software/images/e/e0/InsertStudy.png
In MultiCharts .NET indicators are objects of the class, inherited from ''IndicatorObject'' class. Indicators, unlike other types of studies (functions, signals), can create and use plot objects (''IPlotObject''). These objects allow indicators to draw graphs, histograms, bars, etc. Before using plots, they should be created in the '''Create ()''' method of indicator class using the '''AddPlot()''' method.
==Signal/Strategy==
 
[[File:FormatObjects.png|right|Format Objects]]
Trade strategies in MultiCharts .NET consist of one or several signals which are algorithms for order generation based on the analysis of price information on the chart.
 
For example, a strategy consists of one or more signals (algorithms) as shown in the chart below.
 
http://www.multicharts.com/trading-software/images/b/bf/FormatObjects.png
* Bollinger_Bands_LE signal is an algorithm of order generation for long position entry.
* Profit_Target signal is an algorithm of profit fixation.
* Stop_Loss is an algorithm protecting the position from a loss.
 
A signal is able to generate orders in accordance with a built-in algorithm, which will be executed by the strategy.<br><br>

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