Writing indicators
Many trading projects and ideas arise from observing charts; this is the reason why indicators are at the basis of algorithmic trading. Indicators consist of mathematical calculations made on data that are used to draw plots on a chart. These plots are usually lines, histograms, or dots. Please note that TradeStation often uses the terms indicators, studies, and analysis techniques synonymously.
We are now going to program the following indicators:
|
Exercise |
Indicators |
Learning Purpose |
|
01 |
Close |
Using one plot statement in an indicator |
|
02 |
Close Open |
Using two plots statements in an indicator |
|
03 |
RealBody |
Using mathematical operations in... |
