Tams

//----------------------------------------------------- inputs: //---------------------------------------------------- PlotOpenCash( 1 ), PlotOpenNewYork( 1 ), I prefer to use PlotOpenCash( True ), PlotOpenNewYork( True ), I found True/False is more intuitive at the Format Study window. plus, in EasyLanguage, if PlotOpenCash = true then... can be written as if PlotOpenCash then... 1. "True" is implied. 2. the code looks cleaner without so many equal signs. just a personal preference... makes no difference to the effectiveness of the code.

I don't see any ADX there.

can you give some examples? can you post a chart with annotation at places where the signal was not working? many thanks.

when you say indicator (the red highlight above), I assume you missed the word "trend" from my post. oscillator is a type of indicator. oscillator goes up and down... usually centered around zero, for scales of +1 to -1, or, centered around 50, for scale of 0 to 100. oscillator has bounds -- it will not go above the upper limit, nor below the lower limit. (ps. MACD can seem to go "boundless"... ) a trend indicator might look like it oscillate too, but it is not centered around a value, nor does it have bounds. stochastic is an oscillator moving average is a trend indicator.

MyStrategy was thinking... "I wonder what MACD and Stochastic are doing?"

p.s. because the 2nd arrow is not on the same bar as the 1st arrow, you can use the same ID and do not have to create id.arw2.

you have to write out your thought process... write them out: -- one action at a time, -- one action per sentence, -- one sentence per line... you can give this code a try... I have drawn the trendlines for you, you can decide on how/where to position the arrow. Arrow_and_trendline_drawing_exercise.txt

James: Is it possible to disable this Smiles? :\ it is changing all the file directories c: \ becomes c:\ http: \ becomes http:\ thanks TAMS

if you are trading a pharma... or bio-tech... especially the junior companies, that's the same as a penny gold mine stock that has not started production yet ... LOL ... (ie. no mine yet) I won't hold anything during the time leading up to a FDA announcement. it's gambling, not trading. if you are trading the likes of MSFT... well, I don't think there's much to worry about.

it can also re-open in your favor. ;-)>

Lol .......... .......... no, you cannot hedge company specific news. but you can hedge... if you chose not to hedge, or if you decided that nothing is good enough as a hedge, then do like s said... don't trade, which is what you have already stated anyway... that's the decision you have made, and that's the decision i have made too... great! we are all in agreement

Nice idea! Very structured code! Let's examine it a bit... If you click on the trendline and drag it to one side, you will see another trendline sitting where it was before. If you click on that trendline and drag it to one side, you will see yet another trendline sitting there. The reason being this section of the code: if PlotOpenCash <> 0 and time >= OpenCash then MC will evaluate this condition time >= OpenCash at every bar. If this condition is TRUE, MC will draw a trendline at "OpenCash". At the next bar, MC will evaluate this condition again. If the condition is true, it will draw another trendline (at the same place). MC will draw a new trendline, again and again, at the same place, until end of the day. Although the duplicated trendlines do not affect the chart, it will consume precious CPU power. If you have a few indicators opened, it will slow down your computer. To fix the problem, all you have to do is take the multiple condition away: if PlotOpenCash <> 0 and time = OpenCash then you can do the same with OpenNewYork.

a picture is worth a thousand words... ;-) the logic should be: if avg.st crosses above avg.lt then OK = avg.lt; for targets, it is better to use trendlines. (ie horizontal line)

let's take one step further: ...number converted to text... then added to the arrow. MovAvg 2 Lines Xover Formatting text number.txt

a quick referral to the manual might get you the definition and "meaning" of "ticks". hint: EasyLanguage definition is not necessary what you assumed.

each ID can only be used once per bar. if you want another arrow on the same bar, you have to define another ID. e.g. var: id.arw2(-1); id.arw2 = ARW_new(date, time, OK + 3 points [1], false);

MultiCharts is very power in backtesting and optimization; it utilizes all the CPU cores available to the operating system. Here's a screen shot of the TaskManager during one of my backtests. p.s. I have been using MultiCharts since 2006... never encountered memory leaks.

The indicator is called Average True Range (ATR) more info here: StockCharts.com - Average True Range (ATR)

Do you know another software that has more experience and more capabilities in backtesting than TradeStation? LOL

p.s. a classified section is a good idea

no need to buy... there are lots of free resources on the web. http://www.TradersLaboratory.com is a good place to start. look under Trading Indicators http://www.traderslaboratory.com/forums/f46/ just go download some of the free codes... experiment with them... here's a good book -- by the creator of EasyLanguage: Amazon.com: Ask Mr. Easylanguage: Samuel K. Tennis: Books

I use Faststone (also free) FastStone Image Viewer, Screen Capture, Photo Resizer ... pretty powerful program you can draw your arrows, then re-position it on the chart... a very handy feature not found on most drawing programs.

Price Action Trainer This indicator helps the new traders to tune-in to the price bar formations as the market unfolds. It reads the Price Action at the micro level, then prints the formation names on the screen. Formations: ib = Inside Bar FTP = Flat Top Pennant fbp = flat bottom pennant ccc = congestion, convergence, centering This indicator is in beta; comments and suggestions are welcome. I will collect all the suggestions and make an update when possible. You are invited to post your renditions as well. If you want to be notified of updates, please make sure you press the "Mark as Installed" key. The code should run in MultiCharts and TradeStation, but I am not sure about OEC. I have uploaded a PLA file for MultiCharts. TradeStation users: if you don't know how to import the code into your software, please spend 5 mins on your users manual to find out how. Price_Action_Trainer_(MultiCharts).pla Price_Action_Trainer.txt

HSI is thin MHI is even thinner I have no knowledge of dark pools

it would help if you can post a mock up of how you want the arrow/line to look like.