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Market Analyzer on custom indicator

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    Market Analyzer on custom indicator

    Hi,

    How can i configure Market Analyzer for custom indicator ?
    For example
    If I use supertrend indicator it have two values Uptrend/DownTrend
    How to configure market analyzer to alert when we
    Close[0] > UpTrend value
    Close[0] < DownTrend value
    Last edited by satty007; 06-28-2017, 09:36 AM.

    #2
    Hello,

    Thank you for the post.

    The MarketAnalyzer conditions would work off of hard values, this would entail if a Price value is being presented by the indicator it would be difficult to use for conditions in the analyzer.

    Generally for indicators to be used with the MA conditions, the indicator would need to report specific values like the stochastics for example. This indicator has a narrow range of values that would be plotted so you could create a condition for example if the price is above the value of 80.

    For custom indicators, you would often need to create a secondary indicator that calls the custom indicator and the presents the condition in a format the MA window can understand for conditions.

    One example would be to create a secondary indicator and check the conditions you wanted:
    Close[0] > UpTrend value
    Close[0] < DownTrend value
    In the indicator, you can plot depending if these conditions become true. For example, a 0 could be nothing found, a -1 for DownTrend and a +1 for UpTrend. In the MA window, you could check if the value == 1, 0 or -1 to produce alerts or do other column actions.

    I look forward to being of further assistance.

    Comment


      #3
      Thanks Jesse,

      Will give it a try.

      Comment

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