How to Install the MetaTrader 4

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Are you ready to install the MetaTrader without a broker? Let’s start with our first MetaTrader 4 tutorial. First of all, go to: https://www.metatrader4.com/en/download You don’t need to open a real account; you can only download the platform and use it. When you know how to use the platform, you could open a real account […]

How to Export Data From TradeStation to Excel

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Today we discover how to export data from TradeStation to use it in Excel. It’s straightforward; you only need our free indicator. This project is open, and we’ll add many functions in the future. Extract data from TradeStation is essential when you need to perform statistical analysis on data series. TradeStation is perfect for BackTest, […]

How to use Loop in EasyLanguage & PowerLanguage

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Today you will discover how to use the loop in EasyLanguage for TradeStation and MultiCharts. A loop is a code instruction that repeats a sequence until a specific condition is met. It’s a fundamental programming idea that is commonly used in writing programs. Suppose we have to create an indicator ShowMe that highlights 5 consecutive […]

BOLLINGER BANDS FORMULA and CALCULATION

Are you using the Bollinger Bands? Do you know the Formula for calculation? This indicator is very popular and many traders plot it in their charts. Do you know how to calculate the value of the Bollinger Bands? It’s very simple. You can perform the Bollinger Bands calculation using the following formula. Middle Band = […]

HOW TO USE THE AVERAGE TRUE RANGE

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The Average True Range (ATR) measures market volatility. The indicator is created by J. Welles Wilder Jr. in his book, “New Concepts in Technical Trading Systems.” The ATR is very simple to calculate: The Current Period High minus (-) Current Period Low The Absolute Value (abs) of the Current Period High minus (-) The Previous […]

TUTORIAL – EASYLANGUAGE | POWERLANGUAGE

Tutorial EasyLanguage PowerLanguage How To Open Position

In this Tutorial we will show you how to open a position long and short in EasyLanguage and PowerLanguage. It’s time to open a trade. We resume the two previous tutorials related to the strategy based on the moving average: LINK 1 – LINK 2. Basically we will open a LONG position when: – Moving […]

How to create a Show Me Indicator

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In this tutorial, we are going to see how to build a Show Me Indicator in Tradestation with Easylanguage. Above all, this type of indicator helps to have visual input signals, especially when following many instruments. Firstly, it can be used for doing a TradeStation backtests and visually analyzing of your trading system. Let’s assume […]

How to transform a moving average into a histogram

Many people do not like to have the chart flooded with lines, drawings, indicators. They prefer to see the price without much confusion. Let’s take a simple example of a moving average from this link and see how to transform a moving average into a histogram. Let’s Start! First of all, we modify the Tradestation […]

How to create a simple indicator

This tutorial is straightforward and is only useful for those approaching for the first time at Multicharts and Tradestation. Let’s build an indicator in Easylanguage from scratch. As always, the simplest example is a Moving Average, but we will then complicate the code a bit to create something different from the one on the platform. […]

HOW TO CREATE A FUNCTION IN TRADESTATION

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In this short tutorial, I will show you how to create a new TradeStation and Multicharts function. Functions are essential to speed up the coding processes and make the main code much cleaner and easier to modify. For example, if we want to use a moving average of 200 as a trend filter, we will […]