How To Create A New Indicator With TradeStation Code

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Though the TradeStation investing package deal comes with a extensive variety of buying and selling indicators known as analysis tactics, several who use TradeStation develop the want to incorporate or customise their very own indicators employing TradeStation code. This write-up will display how to produce a simple indicator that displays the recent trading volume and also adjustments the visual sign of that quantity to inexperienced when price tag closes up.

The most straightforward method to develop a new indicator is to locate an present indicator that partly addresses the demands and then modify it additional. For this illustration, the Volume indicator that arrives with TradeStation supplies an suitable basis.

To begin operating with TradeStation code, initial open the Volume indicator with the EasyLanguage editor. EasyLanguage is the programming language that TradeStation uses. Get started by right-clicking on any chart, and then pick Insert Investigation Strategy from the pop-up menu. From the dialog box that appears, choose the Indicator tab, and then scroll down to discover the Volume indicator in the listing. Simply click after on the Volume indicator row to highlight it, and then click the Edit EasyLanguage button under the list box. The EasyLanguage editor will open with the code for the Volume indicator all set for editing.