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Make Indicator follow Strategy updates


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Make Indicator follow Strategy updates

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Salem, Oregon
 
 
Posts: 10 since Jun 2020
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I want to have my indicators follow my strategy updates as I backtest. Right now I have to manually copy/past from one to another all the time and update both individually, but can I have a strategy include an indicator as a part of its code, or have an indicator slave to a strategy somehow?

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Legendary Market Wizard
Somewhere, Delawhere, USA
 
Experience: Intermediate
Platform: TradeStation,Sierra Chart
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Devin Sheets View Post
I want to have my indicators follow my strategy updates as I backtest. Right now I have to manually copy/past from one to another all the time and update both individually, but can I have a strategy include an indicator as a part of its code, or have an indicator slave to a strategy somehow?

I think I may have a solution. What I do is I create a function to do the calculations, then create a strategy and indicator that uses the function. I wrote about this in the MultiCharts area of FIO, but it applies to EasyLanguage, too:

https://futures.io/multicharts/55227-powerlanguage-using-functions-construct-signals.html

'Signals' in MultiCharts are the same things as 'Strategies' in TradeStation.

When you need to update your code, just update the function, and the strategy and indicator will use the new code. I did that with my latest strategy a few weeks ago.

So take a look at that post and see if it makes sense. The only time this doesn't work is if you have purchased or are leasing an indicator, though most vendors (e.g. Jurik) provide access to the functions.

~vmodus

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June 24, 2020


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