Is MC able to backtest strategies based on multiple range-bar-based frames?
I'm considering evaluating the MC trial but, before I invest the substantial amount of time that would take, I'm hoping that someone with experience in the program might be able to tell me whether it has the capability I'm looking for:
I'd like to backtest a strategy that uses indicators based not on different time bars, but different range bars. As a trivial example, suppose I'd like to build EMAs based on the closes of 5-tick, 10-tick, 15-tick range bars (lets call them EMA_5, EMA_10, and EMA_15), and implement a strategy that says: buy when EMA_5 and EMA_10 are both between x and y, and when EMA_15 is between y and z (or whatever).
If EMA_5, EMA_10, and EMA_15 were instead based on the closes of 5-minute, 10-minute, and 15-minute time bars, I know MC would have no problem. But what about my example, where the EMAs are based on the closes of different range bar series? [And just to be clear, I don't mean N-tick bars (which form each time a certain number of ticks come through), I mean N-tick range bars (which form each time the difference between the low and the high exceeds a fixed range).] Can MC implement a backtest of this and, if so, would it need to be coded from scratch, or does MC offer some built-in functionality that would facilitate this? I tried searching for several different variations of "MultiCharts range bars multiple frames timeframes" etc., and was not able to find anything concrete -- just general stuff from MC about how they can mix different time bars and range bars in the same window, which is different from being able to conduct a backtest on them.
Can i get some help with programming a simple system on range bar charts?
1) Need to look for 3 consecutive bullish or bearish bars and pop an alarm as well as take an entry
2) ability to back test on range bar charts with some Profit take ( staggered exit with 3 exits) and stop levels
i am a noob in programming , would really appreciate your help