DeMarkerDemarker Technical Indicator is based on the comparison of the period maximum with the previous period maximum. If the current period (bar) maximum is higher, the respective difference between the two will be registered. If the current maximum...
Friday, November 16, 2007
Commodity Channel IndexCommodity Channel Index Technical Indicator (CCI) measures the deviation of the commodity price from its average statistical price. High values of the index point out that the price is unusually high being compared with the average...
Bulls PowerEveryday trading represents a battle of buyers ("Bulls") pushing prices up and sellers ("Bears") pushing prices down. Depending on what party scores off, the day will end with a price that is higher or lower than that of the previous day....
Bollinger BandsBollinger Bands Technical Indicator (BB) is similar to Envelopes. The only difference is that the bands of Envelopes are plotted a fixed distance (%) away from the moving average, while the Bollinger Bands are plotted a certain number...
Bears PowerEveryday trading represents a battle of buyers ("Bulls") pushing prices up and sellers ("Bears") pushing prices down. Depending on what party scores off, the day will end with a price that is higher or lower than that of the previous day....
Awesome OscillatorAwesome Oscillator Technical Indicator (AO) is a 34-period simple moving average, plotted through the middle points of the bars (H+L)/2, which is subtracted from the 5-period simple moving average, built across the central points of...
Average True RangeAverage True Range Technical Indicator (ATR) is an indicator that shows volatility of the market. It was introduced by Welles Wilder in his book "New concepts in technical trading systems". This indicator has been used as a component...
Average Directional Movement IndexAverage Directional Movement Index Technical Indicator (ADX) helps to determine if there is a price trend. It was developed and described in detail by Welles Wilder in his book "New concepts in technical trading systems"....
Alligator"Most of the time the market remains stationary. Only for some 15–30% of time the market generates trends, and traders who are not located in the exchange itself derive most of their profits from the trends. My Grandfather used to repeat: "Even...
Accumulation/Distribution (A/D)Accumulation/Distribution Technical Indicator is determined by the changes in price and volume. The volume acts as a weighting coefficient at the change of price — the higher the coefficient (the volume) is, the greater...
Acceleration/Deceleration — ACAcceleration/Deceleration Technical Indicator (AC) measures acceleration and deceleration of the current driving force. This indicator will change direction before any changes in the driving force, which, it its turn, will...
Technical IndicatorsTechnical indicator is a mathematical manipulation of a security price and/or volumes aimed at forecasting of future price changes. Decisions about how and when to open or close positions can be made on basis of signals from technical...
Line StudiesLine studies are lines and various geometrical shapes that can be imposed into a price or indicator chart. They include support/resistance lines, trend lines, as well as Fibonacci's, Gann's, and Andrews' tools, etc. Line studies are collected...
Graphical ObjectsGraphical objects are objects in the terminal that are imposed manually into the chart. These objects are used for analytical purposes. They include:Line Studies — lines and various geometrical shapes to be imposed into the price or...
AnalyticsTechnical indicators and line studies are built into the terminal for analytical purposes. These objects are imposed directly into the chart and allow to forecast further price changes. At that, indicators are imposed automatically, and line...
TemplatesA template is a set of chart window parameters that can be applied to other charts. The following can be stored in a template:chart type and color;color diagram;chart scale;OHLC line shown or hidden;the attached expert advisor and its parameters;the...
Deleted ChartsSome charts become useless at some stages of work, and they need to be deleted. This can be done by the "File — Close" menu command or by pressing of accelerating keys of Ctrl+F4. At that, the templates of deleted windows will be stored...
Charts PrintThere are means to print out charts in the client terminal. A hart can be printed in black-and-white or in color. To print it in color, one has to enable the "Color print" option in the client terminal settings window. After that, the chart...
Chart ManagementCharts allow to analyze price changes at the market and are used for graphical analysis, building of various indicators and line studies. Charts are a very valuable instrument for analyzing of financial markets, that is why a great attention...
Chart SetupAppearance and properties of each chart in the terminal can be set up individually. To do so, one has to execute the "Charts — Properties..." menu command, the chart context menu command of the same name, or press F8. These actions result...
Chart OpeningA chart shows the price changes for a security with the time. Charts are necessary for performing of technical analysis, working of expert advisors and testing thereof. Up to ninety-nine charts can be opened in the terminal at the same time.A...
Thursday, November 15, 2007
Fast NavigationThere are various methods used in the Client Terminal to accelerate working. The following can be used for this purpose:fast navigation box — a small box that appears in the lower left corner of the chart and allows to manage it;accelerating...
Optimization GraphUnlike testing, optimization is supposed to use many repeated passes of mechanical trading system (MTS) with different input parameters. This is performed to determine such expert parameters at which its profitability is the highest....
Optimization ResultsUnlike testing, optimization is supposed to perform many passes for mechanical trading system (MTS) with different inputs. This is done to determine the expert parameters with which its profitability is the highest. To optimize, one...
Journal TabMessages about the expert testing process, including all trade operations, are published in the "Journal" tab automatically. This journal is rather similar to that of the "Terminal — Expert Advisors" window, except for that messages informing...
Report TabThe summarized results of experts testing and some key indices are represented in the "Report" tab. Such reports allow to compare different experts to each other in a quick mode. The following data are published in reports:Bars in test — the...
GraphIn the "Graph" tab, the graphs of the account balance (blue line — "Balance") and general account status considering open positions (green line — "Lots") are drawn automatically. If only balance line is shown in the graph, it means that "Balance"...
Results TabThe testing results are represented as a table in this tab. Information about all trade operations performed within the testing process can be found here:# — the sequence number of the trade operation;Time — time of the trade operation;Type...
Expert Properties WindowParameters of the virtual account and the expert advisor under test can be set up in this window. These data will later be used for testing or optimization of the expert parameters. There are three tabs in the window:Testing —...
SettingsTesting parameters and experts optimization parameters can be set up in this tab. At testing, the expert is passed on the modeled data one time what allows to determine the profitability and efficiency thereof. At optimization, the mechanical...
Tester Window"Tester" is a multifunctional window that allows to test strategies and optimize parameters of expert advisors. When being tested, the expert is passed on the modeled data one time what allows to estimate its profitability and effectiveness....
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