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Showme Indicator placement
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Created: by mikog8tor Attachments:0

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Showme Indicator placement

Unread   #1 (permalink)
Rochester NY USA
 
 
Posts: 6 since Dec 2018
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Showme Indicator placement

Hi all,

Sorry if this has been covered but a quick search didn't turn anything up. I am wanting to know if there is a way to have an offset for my indicator. Right now for a short I have it plotting to the high of the bar and for a long to the low of the bar. I am using a decent sized cross so I can spot it but it's kinda messy and blends into the range bars. Is there a way to offset the cross so it is above or below the bar and stands out a bit more?

Thanks

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Unread   #2 (permalink)
 Vendor: www.abctradinggroup.com 
Hamburg Germany
 
Trading Experience: Advanced
Platform: Multicharts, Tradestation
Broker/Data: DTN IQ
Favorite Futures: ES
 
Posts: 2,084 since Apr 2013
Thanks: 375 given, 1,338 received

mikog8tor,

you can add or deduct a numeric value from your plot values. This way you can add to values that you want shifted up and deduct in case you want to shift down.

You can also make this a number of ticks by creating an input that you use to multiply the value of one tick (which you can compute via MinMove / PriceScale) to add or deduct from your plot. This approach is usually more convenient as you don't have to adjust the shifting too much across different instruments.

Regards,

ABCTG

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Unread   #3 (permalink)
Rochester NY USA
 
 
Posts: 6 since Dec 2018
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example


Would you mind a little example of that? My current plot is just using the low value of the bar.

Plot1(low,"GoLong") ;

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Unread   #4 (permalink)
 Vendor: www.abctradinggroup.com 
Hamburg Germany
 
Trading Experience: Advanced
Platform: Multicharts, Tradestation
Broker/Data: DTN IQ
Favorite Futures: ES
 
Posts: 2,084 since Apr 2013
Thanks: 375 given, 1,338 received

mikog8tor,

you could shift a plot down like this:

Plot1(low-1,"GoLong") ;

or up like this for example:

Plot1(low+1,"GoLong") ;

Regards,

ABCTG


mikog8tor View Post
Would you mind a little example of that? My current plot is just using the low value of the bar.

Plot1(low,"GoLong") ;


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Unread   #5 (permalink)
Rochester NY USA
 
 
Posts: 6 since Dec 2018
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awesome


ABCTG View Post
mikog8tor,

you could shift a plot down like this:

Plot1(low-1,"GoLong") ;

or up like this for example:

Plot1(low+1,"GoLong") ;

Regards,

ABCTG

That's so awesome! I did .5 and I think that will be perfect. Now if I can just use an Arrow instead of the cross I'd be happy! You made my Friday, thnx so much.

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Unread   #6 (permalink)
 Vendor: www.abctradinggroup.com 
Hamburg Germany
 
Trading Experience: Advanced
Platform: Multicharts, Tradestation
Broker/Data: DTN IQ
Favorite Futures: ES
 
Posts: 2,084 since Apr 2013
Thanks: 375 given, 1,338 received

mikog8tor,

arrows will require drawings and it will be a bit more complex. But you will find working examples for that in the official forum.

Regards,

ABCTG

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Unread   #7 (permalink)
Rochester NY USA
 
 
Posts: 6 since Dec 2018
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ABCTG View Post
mikog8tor,

you can add or deduct a numeric value from your plot values. This way you can add to values that you want shifted up and deduct in case you want to shift down.

You can also make this a number of ticks by creating an input that you use to multiply the value of one tick (which you can compute via MinMove / PriceScale) to add or deduct from your plot. This approach is usually more convenient as you don't have to adjust the shifting too much across different instruments.

Regards,

ABCTG

So I see the issue with just doing the plot+.5 as stocks that are smaller priced the cross goes way above or below in comparison to medium to large priced stocks. I will look to see how to do the other method you mention.

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Unread   #8 (permalink)
Montreal
 
Trading Experience: Intermediate
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mikog8tor View Post
So I see the issue with just doing the plot+.5 as stocks that are smaller priced the cross goes way above or below in comparison to medium to large priced stocks. I will look to see how to do the other method you mention.

Use a smaller size like +.01 or +.001 for penny stocks or whatever suits your needs.

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Unread   #9 (permalink)
 Vendor: www.abctradinggroup.com 
Hamburg Germany
 
Trading Experience: Advanced
Platform: Multicharts, Tradestation
Broker/Data: DTN IQ
Favorite Futures: ES
 
Posts: 2,084 since Apr 2013
Thanks: 375 given, 1,338 received

mikog8tor,

yes, using MinMove / PriceScale with a multiplier will usually make your life easier as it "adapts" to the instrument on your chart.

Regards,

ABCTG


mikog8tor View Post
So I see the issue with just doing the plot+.5 as stocks that are smaller priced the cross goes way above or below in comparison to medium to large priced stocks. I will look to see how to do the other method you mention.


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