Click here to Login





How to add a trading indicator to a chart

Updated on 2012-01-27 03:53:37

Share |

There are several ways to add a trading indicator to a chart:

- You can add it by adding a new formula to the chart or updating an existing one.
- You can add it by clicking on few buttons (A new formula is automatically created)

Note that a chart is composed of one or several formulas.

In this post, we will show you how to add an indicator using the second option, which consists of adding an indicator using the "Add a Function" control and this control will take care of creating a new formula for us.


Steps:

- In a pane/chart, click on the first icon located at the top (Add Indicator)
- Select "All Indicators" tab
- In "Search" input box, type the name of the indicator you want to add

For example, type "simple moving average" then select "Simple Moving Average" (SMA) from the indicators list

There are two versions of the SMA indicator. The first one use the close time-series and allows you to set a period (Parameter panel in the right). The second one allows you to define your own time-series.
You can for example, calculate a moving average of an indicator such as the relative strength index (RSI). To do this, click on the "+" icon next to the "Close" parameter then select the relative strength index indicator.

- Click on "OK" to add the indicator to the chart

You can update this indicator by clicking on the "Update Indicator" icon (third icon at the top of the chart) then selecting the indicator name.









no reviews (Log in)







Other how-to articles




How to create a custom trading indicator





How to hide a trading indicator from a particular time frame





How to add a metric in the trading system simulation report





How to add custom position-based metrics to your trading system





How to optimize an indicator in your trading system





How to display notes/commentaries on a chart





How to quickly add a ticker symbol





How to dynamically update the settings of an indicator





How to add future bars to plan for market scenarios







QuantShare
Product
QuantShare
Features
Create an account
Affiliate Program
Support
Contact Us
Trading Forum
How-to Lessons
Manual
Company
About Us
Privacy
Terms of Use

Copyright 2017 QuantShare.com
Social Media
Follow us on Facebook
Twitter Follow us on Twitter
Google+
Follow us on Google+
RSS Trading Items



Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.