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How i can change the number of ticks in the charts according to volatility
I am trying to write a strategy in trade station 10.
The strategy is in tick charts.How i can change the number of ticks in the charts according to volatility or time in easy language automatically.( may be using indicator in another chart ?).
Thank You
Can you help answer these questions from other members on NexusFi?
I've had a similar idea so I would like to know as well.
I'm thinking that a second set of calculated bars would need to be plotted. The calculated bars would be generated from the raw data, plus your indicator, generating an artificial bar (but its plotted as an indicator). Signals would still be execute on the raw data bars.
But that's just a guess. I am really just subscribing to your thread.
I have MultiCharts (Easy Language compatible), and it has settings under "Format Instrument" to display data as tick bars, range bars, etc. You must have tick data as the raw source to do this. If your datasource is already time based (like 30 second bars, etc.), you cannot generate time independent bars.
That said, here's an example of "artificial bars". This doesn't solve the problem you posed though. This is just an example. Here, the underlying price data has been "de-trended" by finding the moving average and using that as a zero line for price.
Screenshot shows how to configure the indicators to display as if they are price bars.
Hi,
Thank you for the reply.
The multicharts link
VChart_1 ,I cannot import to Tradestation.
Please advice me how to convert it to Trade station easy language.
I have not used Tradestation/easylanguage in a few years but my first thought would be to use switch function or condition to set ticks and some kind of ATR multiplier for volatility. (Coded output of atr indicator times multiplier)