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Considering Tradestation: want to know if possible
I'm considering opening a TradeStation account for my technical analysis. I've been a longtime user of various Worden products (Telechart and Stockfinder) but believe the company has lost it's focus. I have two particular indicators that I'd like to ask about, as you all are TradeStation users. I'm not looking for anyone to code or create these, but rather, I'd appreciate your thoughts on whether it is POSSIBLE to create this functionality in Tradestation.
INDICATOR A -
I take 4 different "traditional" indicators, weight them, add them together, take their "average" and plot them. I also assign a moving average looking for a crossover. The logic is something like:
Is this something that can be accomplished in TradeStation and is it *relatively* easy to do?
INDICATOR B
I take a watch list of stocks, create a single "index" of them, and then apply analysis to the index. For instance, I like to plot what percent of the stocks in this custom index are have RSI(14)>40.
Is this something that can be accomplished in TradeStation and is it *relatively* easy to do?
Thanks in advance,
Hank
Can you help answer these questions from other members on NexusFi?
Making a Custom Index & charting / plotting indicators is relatively straightforward, although there used to be a limit of 50 symbols. Quite a few very helpful posts about this on the TS Forums, but you have to have a Customer Login.
Some of the TS Forum members are astonishingly accomplished and helpful programmers...
