When using an indicator, you want to make sure it’s properties match your requirement/s.

Once you select an indicator within your strategy definition, a pop-up will appear, holding the default values for the indicator properties. Delete and rewrite properties to adjust the indicator.

All indicators refer only to closed bars (closed candlesticks on the chart). As such, an indicator might change its value (and potentially trigger the strategy) only once the bar’s period is complete.

Volume

Stock’s volume in units for the current bar. Can be against any number.

Properties:

  • No.OfBars - select the number of bars to take into calculation

  • BarPeriod - select the time interval (as for a chart)

Moving Average (MA)

MA for a given number of the selected bar, based on assets H/L/O/C/M price. Can be compared against most types of Asset references and Indicators.

Properties:

  • No.OfBars - select the number of bars to take into calculation

  • BarPeriod - select the time interval (as for a chart)

  • BarPrice - select whether you wish the calculation to be based on; Open, Close, High, Low or Mid rate of each bar

Exponential Moving Average (EMA)

EMA for a given number of the selected bar, based on the asset’s H/L/O/C price. Can be compared against most types of Asset references and Indicators.

Properties:

  • No.OfBars - select the number of bars to take into calculation

  • BarPeriod - select the time interval (as for a chart)

  • BarPrice - select whether you wish the calculation to be based on; Open, Close, High, Low or Mid rate of each bar

Moving Average Convergence Divergence (MACD)

MACD for a given set of bars (fast, slow, signal), based on asset’s H/L/O/C price. The MACD Line can be compared against the Signal Line and Zero Line.

Properties:

  • Fast – select the shorter number of bars to take into calculation

  • Slow - select the longer number of bars to take into calculation

  • Signal - select the signal line number of bars to take into calculation

  • BarPeriod - select the time interval (as for a chart)

  • BarPrice - select whether you wish the calculation to be based on; Open, Close, High, Low or Mid rate of each bar

Relative Strength Index (RSI)

RSI for a given number of the selected bars, based on asset’s H/L/O/C price. Can be compared to a level between 1 and 100.

Properties:

  • No.OfBars - select the number of bars to take into calculation

  • BarPeriod - select the time interval (as for a chart)

  • BarPrice - select whether you wish the calculation to be based on; Open, Close, High, Low or Mid rate of each bar

Bollinger Band (BB)

BB for a given number of the selected bar and standard deviation, based on asset’s H/L/O/C price. Can refer to:

  1. Bollinger Band (as a whole)

  2. Bollinger Upper Band

  3. Bollinger Middle Band

  4. Bollinger Lower Band

Properties:

  • No.OfBars - select the number of bars to take into calculation

  • BarPeriod - select the time interval (as for a chart)

  • StdDev - select the standard deviation to take into calculation

  • BarPrice - select whether you wish the calculation to be based on; Open, Close, High, Low or Mid rate of each bar

Pivot Points (PP)

PP for the selected bar. Can refer to:

  1. Pivot’s R1 (PR1), Pivot’s R2 (PR2), Pivot’s R3 (PR3)

  2. Pivot’s S1 (PS1), Pivot’s S2 (PS2), Pivot’s S3 (PS3)

Properties:

  • BarPeriod - select the time interval (as for a chart)

Average True Range (ATR)

No.OfBars - the number of bars used for the calculation (14, below)

BarPeriod - time interval (1 hour, below)

News Event

Provided by Trading Economics:

  • Actual - Last known macroeconomic data. Will trigger only if the data was published on the current day, while the condition was monitored, for the current hit.

Synonyms: result | release | figures | comes out | data | news | prints

  • Forecast - Analysts’ average expectation for the upcoming macroeconomic data.

Synonyms: expected | consensus

  • Previous - Macroeconomic ‘actual’ rate as published at the time of the previous occurrence of the event.

Check out the video below to learn more about how to use technical indicators.

*Please note that all screenshots and examples are only shown for the purpose of a technical demonstration and should not in any way be construed as recommending any type of trading strategy and they do not constitute any form of advice. Please click here for further explanation.

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