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Just a quick update. I'm really enjoying MultiCharts so far.
I've been writing some EasyLanguage stuff and have started sharing it here on the forum, look for more to come. I am hoping to attract some more TradeStation and MultiCharts users, so if you are one please help me spread the word.
I've also been converting some NinjaTrader stuff to EasyLanguage. I'll be sharing it as I go once I work out kinks.
Last, I have some head-to-head performance (backtesting/optimization) reviews and videos to create, as well as some general feedback on MultiCharts now that I've been using it for a couple weeks. I'll be posting these soon.
Awesome to see more TS/MC indicators coming. I have to admit the Ninja specific aspect of most of the threads on there is a downside for guys like myself but i'm stoked to hear that that may be changing a bit! (Though the rest of the forum's knowledge remains a huge draw!)
Can't wait and i'll be sure to start contributing some of my work as well. Cheers!
Just found another thing I love about MultiCharts!
If you have the strategy performance summary open inside MultiCharts (not the Portfolio Backtester), and you make a change either to the strategy code itself in the PL editor, or to a parameter of the strategy options on the chart, then as soon as you hit OK or compile the performance report is updated instantly.
So you can see instantly if the change you made was a good or bad one.
IOG is Intrabar Order Generation and it allows strategies to execute orders intrabar (the NT equivalent of COBC false). This is super nice because let's say you have a 60 minute chart, the strategy can execute orders at any point in that bar, not just on close.
Bar Magnifier is equally awesome, perhaps even more so! Bar Magnifier will let you run your backtest your desired chart size (say 5 minutes), but in order to give accurate backtest results it will dissect each bar into a more granular bar (magnifying it). For instance, you could have it magnify each bar down to a 1 minute resolution. Or if that isn't enough, down to a 1 tick resolution is even possible!
That means that it is much more accurate because it knows much more precisely (or even perfectly, using a small enough resolution) the exact OHLC order of each bar. This is the primary reason NinjaTrader backtests aren't accurate.
Naturally, if you enable bar magnifier it will exponentially increase your backtesting time. For instance, if a backtest takes 7 minutes on a 5 minute chart, if you turn on magnifier down to a 1 minute resolution, the backtest will take about 35 minutes (5 times longer).
Turning it down to a tick resolution is more CPU intensive, but MultiCharts even has some awesome technology to help there, too! They eliminate identical ticks, because as far as OHLC order is concerned identical ticks a superfluous.
Good question. I don't think range bars are in question on either platform, but Renko obviously doesn't work in NT. Even the built-in Renko in NT7 doesn't work.
I'll add it to my list to check. I don't use Renko personally.
Attached is a sample performance report from a strategy I am working on in MultiCharts. First, I love the export to excel option. It is far superior than what NT offers, as you can see (check it out!).
Here are some highlights of the report, not showing how good the strategy is --- showing how good the reporting is!
Also, I wanted to show some of the built-in tools (not in Excel). I will highlight some of my favorite things about these reports. These are things NinjaTrader does not have, and I think they also demonstrate why MultiCharts is better for backtesting and automated strategies.
Looks like I need to learn about Z-Score, Sortino Ratio's, Fouse Ratio's, Calmar Ratio's and Sterling Ratio's. Oh wait! There's insta-help for that Just click any definition you are unsure of, and a bottom panel appears with the definition and help. Cool!
I'm also testing Multicharts (v. 5.5, 30days trial) and like it's speed and reliability. The most missing feature for me is chart trading. Maybe someone knows if they implemented (or plan to implement) this feature in MC 6 (or 7) ? Or maybe there is some thirt-party workaround/add-on to use chart trading using MC and IB ?
You can find a few 
