Editing an Indicator

From the Edit Strategy window, you can edit the individual indicators that comprise a strategy.

A number of important settings are found here, each of which is described below:

 

EDIT INDICATOR FIELDS  

Available Indicators

Select an indicator from this set list of Available Indicators and set the Period, Deviation, or any other variables that may exist for the indicator.

TIP: A description of each indicator displays near the bottom of the window when you click on it.

Trade Action

Select which trade action types you want the indicator to flag.

  • Long Entry and Short Exit - If checked, will trigger when a price or level cross takes place that, based on the parameters of the selected indicator, may mean the stock price is about to go up.
  • Long Exit and Short Entry - If checked, will trigger when a price or level cross takes place that, based on the parameters of the selected indicator, may mean the stock price is about to go down.

Chart Display Settings

Text Labels: Check the boxes to display labels showing the Trade Action and/or Indicator Name when the Strategy is applied to a chart.

Trade Action Pointer: Check to display an arrow pointing to the exact price point at which the action takes place along the bar or candlestick.

Directional Arrow: Check to display an up arrow when the indicator parameters suggest an upturn in the stock price and a down arrow when the parameters suggest a downturn.

Click the color wheel buttons to change the color of the Text Labels, Trade Action Pointer, and Directional Arrow.

 

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