How to Use the TradeStation Backtest to Analyze an Instrument

Today we see how to use the backtest function to analyze the character of an instrument in TradeStation and MultiCharts. Any financial instrument has a fundamental character; it can respond well to breakout strategies or mean-reverting strategies. Do you want to learn EasyLanguage & PowerLanguage for TradeStation and MultiCharts? Start here: EasyLanguage & PowerLanguage Master […]

How to Create Custom Session with TradeStation & MultiCharts

Do you want to create a Custom Session with TradeStation or MultiCharts? This tutorial is for you! Sometimes there is a need to break the trading session. Take as an example EURUSD or other Forex Instrument. You decide to trade only the session from 10 a.m. to 16 a.m. because you want to avoid all […]

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, […]

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 […]

How to create a Show Me Indicator

Show Me Indicator TradeStation Cover

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. […]

SMOOTHING RSI INDICATOR with EMA

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Let’s see how to make an RSI indicator slower by using a moving average with Easylanguage. For this example, we will use an RSI, and we will go to create two indicators. The first is a classic indicator and be placed below the graph. Another indicator is a PaintPar that will color the candles according […]