Managing Contracts - Shares from an Indicator - futures io
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Managing Contracts - Shares from an Indicator

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Managing Contracts - Shares from an Indicator

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  #1 (permalink)
Posts: 18 since Jan 2021
Thanks: 12 given, 6 received

Hi, I made an indicator that plot the equity line and the moving average of it, and I would like to control the contracts used or the shares used by the strategy assigned to the chart, is there a way I can change the inputs of the strategy from the indicator? or simply I just have to replicate what the indicator does inside the strategy to manage the contracts? I am using multicharts and easylanguage.

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  #2 (permalink)
Experience: Intermediate
Platform: TradeStation
Trading: Stocks, Futures
Posts: 38 since Jun 2020
Thanks: 28 given, 25 received

The cleanest way to handle this would probably be a function. I am not the expert on that so I will leave it for others to chime in on (I am the king of writing the same code in an indicator, strategy, and paint bar ).

I can think of a solution though that should work. Anything you do in an indicator can be done in a strategy (besides plot functions). So I would imagine that you could copy your logic into your strategy and have it run the same calculations then you could call those variables directly.

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