Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

chrisleonard

Text on Chart

Recommended Posts

Hi

 

First yes i am kamakazy i forgot my password for this account and also had no work email for a week so i had to start a new username, soz for any confustion!!!

 

I am entering text onto my charts but would like to know how to control the style of the text as its to small and too close to the candle to really see!

 

I would like to make a little bigger and maybe a different colour and bold if poss?

 

Thanks

 

Chris

Share this post


Link to post
Share on other sites
Hi

 

First yes i am kamakazy i forgot my password for this account and also had no work email for a week so i had to start a new username, soz for any confustion!!!

 

I am entering text onto my charts but would like to know how to control the style of the text as its to small and too close to the candle to really see!

 

I would like to make a little bigger and maybe a different colour and bold if poss?

 

Thanks

 

Chris

 

 

I doubt you "forgotten" your password, because you were making new threads to ask the same questions with both handles. Since you "admit" you were the same person, I will let it go.

 

You sound like a smart person, because you ask these questions to make all kinds of analysis. But if you want to move forward, you really need to pull up your socks and do some readings, because some of the questions you ask are too basic -- I don't repeat things that can be look up in a manual, unless it involves the application of certain keywords in a special way.

Edited by Tams

Share this post


Link to post
Share on other sites

i promise i did forget my details, im no lyer im forgetfull and sometime lazy which is my main prob i had my pc on autologon for months then deleted forms and cookies and passwords.

 

At the time i needed an answer and just though re-sign up is easier!!

 

I have been coding for years on websites and had no trouble really but sometimes i feel like easy language could make my nose bleed.

 

I am finding it easier now and will be posting up all my code soon, my main problem is i work from 4 pc's and a laptop so i ask these questions which are in my head and then the PC with Tradestation is not with me or i have emailed my self a snipet of code.

 

This site is the best site on the net for all of this but i just really find the tradestation manuals a nightmare sometimes to comprehend.

 

thanks again for all the help!

Share this post


Link to post
Share on other sites

for the benefit of MultiCharts users:

 

MultiCharts has more text manipulation capabilities than other EasyLanguage programs.

 

You can get the additional keywords here:

MultiCharts / Online Help & Tutorials

--> download the handy standlone interactive dictionary:

PowerLanguage Reference Guide (.CHM format)

 

or check into the built-in dictionary in your PowerEditor.

Edited by Tams

Share this post


Link to post
Share on other sites

Hello again

 

I have come quite far with this text on chart stuff but would like some help please!

 

I have put together some code which is now putting text on the chart away from the cadle but still looks wrong!

 

I need a way to point or make is clear what candle its pointing to !!

 

im using this code

 

OffsetBottom = OffsetBottom+OffsetInput;
ID = Text_New(D,T,L-OffsetBottom, "LONG");
Value2 = Text_SetColor(ID ,yellow);
Value3 = Text_SetStyle(ID,1,2);

 

This plots the word LONG near the cadle but its not clear which one!

 

capture11.png

 

Is there an easier way or am i doing it wrong?

 

Thanks

 

Chris

Share this post


Link to post
Share on other sites

soz basically im trying to put a DOT below or above a candle

 

I have read this is done using a showme study which may work

 

I tried just a stadard plot this just ploted a line from each candle!

 

if Value1 > Value1[1] and barColor <> barColor[1] then begin
Plot7(Low,"long",YELLOW);
   Plot7[1](Low[1],"long",YELLOW);

end;

 

 

king of like this

 

http://www.traderslaboratory.com/forums/f46/better-trin-indicator-5162.html

 

Thanks

 

could you point me in the right direction please?

Share this post


Link to post
Share on other sites
Hello again

 

I have come quite far with this text on chart stuff but would like some help please!

 

I have put together some code which is now putting text on the chart away from the cadle but still looks wrong!

 

I need a way to point or make is clear what candle its pointing to !!

 

im using this code

 

OffsetBottom = OffsetBottom+OffsetInput;
ID = Text_New(D,T,L-OffsetBottom, "LONG");
Value2 = Text_SetColor(ID ,yellow);
Value3 = Text_SetStyle(ID,1,2);

 

This plots the word LONG near the cadle but its not clear which one!

 

capture11.png

 

Is there an easier way or am i doing it wrong?

 

Thanks

 

Chris

 

 

 

can't read your mind... you have not described what you want to do,

nor have you illustrated what you want in your chart.

 

what does your chart illustrate ?

-- what you want to do? or,

-- what the code is doing, but not what you want?

suggestion: use the Paint program to write some note on it,

and to draw some lines and arrows to point to exactly where you want your "highlights".

 

one of the biggest stumbling block people encounter in programming is ---

they have not articulated WHAT they want to do before they start coding.

i.e. you must have clarity in what you want before you can instruct the computer to do what you want.

 

my suggestion -- follow these steps religiously :

1. write out your logic one step at a time,

2. write out your logic one thought at a time

3. write out your thoughts one action at a time

4. write out your actions ONE LINE AT A TIME

 

you will see yourself much clearer this way.

Edited by Tams

Share this post


Link to post
Share on other sites
soz basically im trying to put a DOT below or above a candle

 

I have read this is done using a showme study which may work

 

I tried just a stadard plot this just ploted a line from each candle!

 

if Value1 > Value1[1] and barColor <> barColor[1] then begin
Plot7(Low,"long",YELLOW);
   Plot7[1](Low[1],"long",YELLOW);

end;

 

 

king of like this

 

http://www.traderslaboratory.com/forums/f46/better-trin-indicator-5162.html

 

Thanks

 

could you point me in the right direction please?

 

 

the dot is only a plot format.

 

go to Format Study

 

under the Style section, select type.

Share this post


Link to post
Share on other sites

Hi

 

I have added this code to add text to my charts at a specific point which works grat but i want to distance the text a specific distance from every candle it plots too!

 

textval = Text_New(D,T,L-Range*0.5, "Stop:" );

textval = Text_New(D,T,L-Range*1.3, "Target:" );

 

Obviously the rage is different everytime so all distances are different

 

I tried

 

textval = Text_New(D,T,L-0.5, "Stop:" );

textval = Text_New(D,T,L-1.3, "Target:" );

 

which did not work

 

how can i set a distance without haveing to use Range*0.5

Edited by chrisleonard

Share this post


Link to post
Share on other sites

Chris

 

You had a post about how to label a bar with the ATR of that bar on the chart, but it seems to have disappeared during the time I was setting up a reply to you.

 

Anyway for what it's worth I have coded up a really simple example based upon the couple of lines of code you had in that message

 

vars:

id(0);

 

ID = Text_New(D,T,L-3, "test: " + numtostr(H,3) );

Value2 = Text_SetColor(ID ,yellow);

Value3 = Text_SetStyle(ID,1,2);

 

In this case I am simply adding the high of the bar after the word test using the numtostr function. In your case you would place the variable containing the ATR value in the brackets. The 3 refers to the number of decimal places you want to display.

 

The result is shown in the picture

 

Charlton

text_new.png.cb5d18a57329a78725baa89cf076259d.png

Share this post


Link to post
Share on other sites

sorry i thought it was ok but the text does not appear on my chart if i put -3 after Low

 

this works fine but the text is too clost to the candle!

ID = Text_New(D,T,L, "test: " + numtostr(H,3) );

Value7 = Text_SetColor(ID ,yellow);

Value8 = Text_SetStyle(ID,0,0);

 

this displays no text

 

ID = Text_New(D,T,L-3, "test: " + numtostr(H,3) );

Value7 = Text_SetColor(ID ,yellow);

Value8 = Text_SetStyle(ID,0,0);

 

sorry to be a pain!

Share this post


Link to post
Share on other sites

Chris

 

The format of this function is shown below

 

Value1 = Text_New(BarDate, BarTime, Price, "MyText")

 

Price is a numeric expression representing the price value at which to anchor the text object

 

In my particular example using $INDU I am placing the text at $3 below the low of the bar. Remember this is just an example to illustrate how to put a numeric value into the bar text.

 

I would imagine in your case that using -3 has placed the text so far down the chart that it doesn't show up. If you want to place the text at a fixed point below the low of the bars then you have to adjust the -3 to be a value that is appropriate to the prices shown on the bars.

 

So for example if you changed it to -0.3 it would bring the text closer to the bar. You just need to look at your chart and decide on an appropriate figure.

 

That is why your original code used "range", because it looks at the high - close of the bar and sets the distance based upon that. This means that as you move through the chart in time the distance of the text from the bar should adjust to reflect the scaling used by TS on the price axis. If however the scaling is fairly constant during the timeperiod you are looking at then you can use an appropriate fixed space.

 

Charlton

Share this post


Link to post
Share on other sites

wow thats some really informative help there buddy and has helped me greatly!

 

Now im very intregued by how you displayed the value there using numtostr is there a way i could turn a value like 0.00650 into 65??

 

Thanks

 

chris

Share this post


Link to post
Share on other sites
wow thats some really informative help there buddy and has helped me greatly!

 

Now im very intregued by how you displayed the value there using numtostr is there a way i could turn a value like 0.00650 into 65??

 

Thanks

 

chris

Multiply it by 10000 first and then apply numtostr and choose 0 decimal places

 

Charlton

Share this post


Link to post
Share on other sites

Hello.

 

2 things.

 

Is there a clever way to get the the text to stay just below the bottom of the cadle as the range sometimes puts it really far away i only want like a small gap at the bottom but it must be the same no matter what im trading!

 

Second

 

because the dicimal place changes with most instruments is there another way to change the decimals each time?

 

when im trading forex its 6 decimals but when im trading oil its only 2 so i have to either make an input or change code!!

 

here is what i use now

 

ID = Text_New(D,T,H+Range, "Stop: " + numtostr(ATR*decimal+5,0) );

Value7 = Text_SetColor(ID ,Red);

Value8 = Text_SetStyle(ID,2,0);

Share this post


Link to post
Share on other sites
Hello.

 

2 things.

 

Is there a clever way to get the the text to stay just below the bottom of the cadle as the range sometimes puts it really far away i only want like a small gap at the bottom but it must be the same no matter what im trading!

 

I already explained to you in two previous posts on 18th Sept, how to place it a set distance from the bottom of the candle e.g. L - 0.01. You have to experiment with the figure

Second

 

because the dicimal place changes with most instruments is there another way to change the decimals each time?

 

when im trading forex its 6 decimals but when im trading oil its only 2 so i have to either make an input or change code!!

 

here is what i use now

 

ID = Text_New(D,T,H+Range, "Stop: " + numtostr(ATR*decimal+5,0) );

Value7 = Text_SetColor(ID ,Red);

Value8 = Text_SetStyle(ID,2,0);

 

The easiest way is to to have an input called for example dec_places. You set this up with 6 for forex. Save the code as, for example, forex_indicator, You change the input to 2 and save this code as, for example, oil_indicator. When you set up your charts just insert the appropriate one and then you won't need to change your code or the input.

 

If however you want just one indicator and for it to automatically pick up the correct decimal places you will need to incorporate your ID line in an IF statement along the lines of

 

 

 

if GETSYMBOLNAME = "EURUSD" then

ID = Text_New(D,T,H + 0.000003 , "Stop: " + numtostr(AvgTrueRange(14)*1000000 + 5,0 ));

 

If you don't want to specify each currency pair then you could use:

 

if CATEGORY = 12 then

ID = Text_New(D,T,H + 0.000003 , "Stop: " + numtostr(AvgTrueRange(14)*1000000 + 5,0 ));

 

The numeric id of the FOREX category = 12.

 

Charlton

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 4th April 2025.   USDJPY Falls to 25-Week Low as Safe Havens Surge and Markets Eye NFP Data.   Safe haven currencies and the traditional alternative to the US Dollar continue to increase in value while the Dollar declines. Investors traditionally opt to invest in the Japanese Yen and Swiss Franc at times of uncertainty and when they wish to avoid the Dollar. The Japanese Yen continues to be the best-performing currency of the week and of the day. Will this continue to be the case after today’s US employment figures?   USDJPY - NFP Data And Trade Negotiations The USDJPY is currently trading at a 25-week low and is witnessing one of its strongest declines this week. The exchange rate is no longer obtaining indications from the RSI that the price is oversold. The current bullish swing is obtaining indications of divergence as the price fails to form a higher high. Therefore, short-term momentum is in favour of the US Dollar, but there are still signs the Japanese Yen can regain momentum quickly.       USDJPY 1-Hour Chart     The price movement of the exchange rate in both the short and long term will depend on 3 factors. Today’s US employment data, next week’s inflation rate and most importantly the progress of negotiations between the US and trade partners. If today’s Unemployment Rate increases above 4.1%, the reading will be the highest seen so far in 2025. Currently, the market expects the Unemployment Rate to remain at 4.1% and the Non-Farm Payroll Change to add 137,000 jobs. The average NFP reading this year so far has been 194,000.   If data does not meet expectations, US investors may continue to increase exposure away from the Dollar and to other safe-haven assets. Previously investors were expecting only 2 rate cuts this year from the Federal Reserve, however, most investors now expect up to 4. If today’s employment data deteriorates, economists advise the Federal Reserve may opt to cut interest rates sooner.   Therefore, it is important to note that today’s NFP will influence the USDJPY to a large extent. Whereas in the longer-term, trade negotiations will steal the spotlight. If trade partners are able to negotiate the US Dollar can correct back upwards. Whereas, if other countries retaliate and do not negotiate the US Dollar will remain weak.   USDJPY - The Yen and the Bank of Japan The Japanese Yen is the best-performing currency in 2025 increasing by 6.70% so far. Risk indicators such as the VIX and High-Low Indexes continue to worsen which is positive for the JPY as a safe haven currency.   Yesterday Japan released March business activity data that came in weaker than expected: the Services PMI dropped from 53.7 to 50.0, while the Composite PMI fell from 52.0 to 48.9. The data is the lowest in two years. These figures could hinder further interest rate hikes by the Bank of Japan. However, most economists still expect the Bank Of Japan to hike at least once more. It's also important to note, that even if the BOJ opts for a prolonged pause, a cut is not likely.   Additionally, a 24% tariff was imposed on Japanese exports to the US yesterday. Prime Minister Mr Ishiba expressed disappointment over Japan's failure to secure a tariff exemption and pledged support measures to help domestic industries manage the impact.   Key Takeaway Points: US Dollar Weakens, Safe Havens Rise: The Japanese Yen and Swiss Franc continue to gain as investors shift away from the US Dollar. USDJPY Under Pressure: USDJPY trades at a 25-week low, with short-term momentum favouring the Dollar but long-term trends pointing to potential Yen strength. NFP and Unemployment Crucial: Today’s Non-Farm Payrolls and unemployment figures will heavily influence short-term USDJPY. On the other hand, trade negotiations will dictate longer-term trends. Japan Faces Mixed Signals: Despite weak PMI data and new US tariffs, the Japanese Yen remains strong. Economists expect at least one more rate hike from the Bank of Japan, but no cuts are in sight. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • YUM Yum Brands stock, nice breakout with volume +34.5%, from Stocks to Watch at https://stockconsultant.com/?YUM
    • Date: 3rd April 2025.   Gold Prices Pull Back After Record High as Traders Eye Trump’s Tariffs.   Key Takeaways:   Gold prices retreated after hitting a record high of $3,167.57 per ounce due to profit-taking. President Trump announced a 10% baseline tariff on all US imports, escalating trade tensions. Gold remains exempt from reciprocal tariffs, reinforcing its safe-haven appeal. Investors await US non-farm payroll data for further market direction. Fed rate cut bets and weaker US Treasury yields underpin gold’s bullish outlook. Gold Prices Retreat from Record Highs Amid Profit-Taking Gold prices saw a pullback on Thursday as traders opted to take profits following a historic surge. Spot gold declined 0.4% to $3,122.10 per ounce as of 0710 GMT, retreating from its fresh all-time high of $3,167.57. Meanwhile, US gold futures slipped 0.7% to $3,145.00 per ounce, reflecting broader market uncertainty over economic and geopolitical developments.   The recent rally was largely fueled by concerns over escalating trade tensions after President Donald Trump unveiled sweeping new import tariffs. The 10% baseline tariff on all goods entering the US further deepened the global trade conflict, intensifying investor demand for safe-haven assets like gold. However, as traders locked in gains from the surge, prices saw a modest retracement.   Trump’s Tariffs and Their Market Implications On Wednesday, Trump introduced a sweeping tariff policy imposing a 10% baseline duty on all imports, with significantly higher tariffs on select nations. While this move was aimed at bolstering domestic manufacturing, it sent shockwaves across global markets, fueling inflation concerns and heightening trade war fears.   Gold’s Role Amid Trade War Escalations Despite the widespread tariff measures, the White House clarified that reciprocal tariffs do not apply to gold, energy, and ‘certain minerals that are not available in the US’. This exemption suggests that central banks and institutional investors may continue favouring gold as a hedge against economic instability. One of the key factors supporting gold is the slowdown that these tariffs could cause in the US economy, which raises the likelihood of future Federal Reserve rate cuts. Gold is currently in a pure momentum trade. Market participants are on the sidelines and until we see a significant shakeout, this momentum could persist.   Impact on the US Dollar and Bond Yields Gold prices typically move inversely to the US dollar, and the latest developments have pushed the dollar to its weakest level since October 2024. Market participants are increasingly pricing in the possibility of a Fed rate cut, as the tariffs could weigh on economic growth.   Additionally, US Treasury yields have plummeted, reflecting growing recession fears. Lower bond yields reduce the opportunity cost of holding non-yielding assets like gold, making it a more attractive investment.         Technical Analysis: Key Levels to Watch Gold’s recent rally has pushed it into overbought territory, with the Relative Strength Index (RSI) above 70. This indicates a potential short-term pullback before the uptrend resumes. The immediate support level lies at $3,115, aligning with the Asian session low. A further decline could bring gold towards the $3,100 psychological level, which has previously acted as a strong support zone. Below this, the $3,076–$3,057 region represents a critical weekly support range where buyers may re-enter the market. In the event of a more significant correction, $3,000 stands as a major psychological floor.   On the upside, gold faces immediate resistance at $3,149. A break above this level could signal renewed bullish momentum, potentially leading to a retest of the record high at $3,167. If bullish momentum persists, the next target is the $3,200 psychological barrier, which could pave the way for further gains. Despite the recent pullback, the broader trend remains bullish, with dips likely to be viewed as buying opportunities.   Looking Ahead: Non-Farm Payrolls and Fed Policy Traders are closely monitoring Friday’s US non-farm payrolls (NFP) report, which could provide critical insights into the Federal Reserve’s next policy moves. A weaker-than-expected jobs report may strengthen expectations for an interest rate cut, further boosting gold prices.   Other key economic data releases, such as jobless claims and the ISM Services PMI, may also impact market sentiment in the short term. However, with rising geopolitical uncertainties, trade tensions, and a weakening US dollar, gold’s safe-haven appeal remains strong.   Conclusion: While short-term profit-taking may trigger minor corrections, gold’s long-term outlook remains bullish. As global trade tensions mount and the Federal Reserve leans toward a more accommodative stance, gold could see further gains in the months ahead.   Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Andria Pichidi HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • AMZN Amazon stock, nice buying at the 187.26 triple+ support area at https://stockconsultant.com/?AMZN
    • DELL Dell Technologies stock, good day moving higher off the 90.99 double support area, from Stocks to Watch at https://stockconsultant.com/?DELL
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.