Technical Indicators

Technical 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 indicators. According to their functionalities, two types of indicators can be defined: trend indicators and oscillators. Trend indicators help to assess the price direction and detect the turn moments synchronously or with a delay. Oscillators allow to find the turning moments ahead or synchronously.

In the client terminal all indicators are divided into four groups:

• Trend Indicators
• Oscillators
• Volume Indicators
• Bill Williams' Indicators

Indicators are imposed into the chart from the "Navigator" window by means of "Drag'n'Drop" technique, by execution of the "Indicators" command of the "Insert" menu or by pressing the button of the "Standard" toolbar. A technical indicator can be drawn in a separate indicator window that has a specific vertical scale (for example, MACD) or it can be imposed directly into the price chart (for example, Moving Average). Each indicator possesses a predefined set of settings; their window is opened at an attempt to apply an indicator to a chart. The setup window contains several tabs, their number depends on the indicator type:

Parameters

Indicators can be drawn not only for price data and derivatives thereof (Median Price, Typical Price, Weighted Close), but also for other indicators. For example, Moving Average for Awesome Oscillator can be drawn, and a signal line can be obtained additionally to AO in this way. To do so, one should draw AO indicator first, and then using Drag'n'Drop technique impose MA into AO and select "Previous Indicator's Data" option in its settings in the "Apply to" option (apply an indicator to the data of the previous indicator). If the "First Indicator Data" option is selected, MA will be drawn on basis of data of the very first imposed indicator that can be other than AO. There are nine variants of indicator drawing:

• Close — by Close prices;
• Open — by Open prices;
• High — by High prices;
• Low — by Low prices;
• Median Price (HL/2) — by median prices: (High + Low)/2;
• Typical Price (HLC/3) — by typical prices: (High + Low + Close)/3;
• Weighted Close (HLCC/4) — by weighted close prices: (High + Low + 2*Close)/4;
• First Indicator's Data — by values of the first attached indicator. The variant of using the values of the first indicator is only possible when working with indicators in a separate sub-window, because the first indicator in the main chart window is the price itself;
• Previous Indicator's Data — by values of the previously attached indicator.

Besides analytical parameters, one can set colors for various elements, thickness of lines, and sizes of signs used at the "Parameters" tab.

Colors

For indicators Ichimoku Kinko Hyo, Alligator and custom indicators there is a possibility of a separate setup of element drawing styles. Here one can specify color, width and type of lines.

Levels

For some indicators there is a possibility to set the drawing of additional levels. One should press the "Add" button in the "Levels" tab and add level value (in points) and level descriptions (optional) in the table. Below the table there is a possibility to set the drawing style for the levels: color, width and type of lines. The "Edit" button or the double click on a corresponding field is used for editing levels.

Scale

There are additional scale settings for some indicators. Windows of their properties have the "Scale" tab with the following settings:

• Inherit Scale — enable/disable inheriting of the scale from the first indicator in the window. If this option is enabled, the indicator will have the same scale as the one applied prior to this one;
• Scale by Line — enable/disable fixation of a certain indicator value in its sub-window using a dragged line. If this option is enabled, "scale percent" and "scale value" fields become active; the value of the indicator to be fixed can be specified there. After the value is set and "OK" is pressed, a line will occur, using which one can set a fixed level of indicator values on the vertical scale;
• Fixed Minimum — enable/disable fixation of a minimum value of the vertical scale of an indicator subwindow. The field for indicating the corresponding value will become active as soon as this option is enabled;
• Fixed Maximum — enable/disable fixation of a maximum value of the vertical scale of an indicator subwindow. The field for indicating the corresponding value will become active as soon as this option is enabled.

Visualization

Visualization mode of an object for different timeframes (periods) can be changed in the "Visualization" tab. At that, indicator will be shown on at timeframes that have been selected. This function can be useful if the tool has different settings for different timeframes. Using the "Show in the Data Window" option in the same tab, one can control over visualization of information about indicators in the "Data Window".

After an indicator is attached, its settings can be changed. In order to do this, one should select the necessary indicator in the "Indicators List" window and press "Edit" or execute the " Properties..." command of the indicator context menu.

Context Menu

The context menu of the indicator is called by pressing of the right mouse-button on the line, symbol or histogram of a necessary indicator. It allows executing the below programs:

• Indicator Properties — open the window of indicator properties;
• Delete Indicator — delete a selected indicator;
• Delete Indicators Window — delete an indicator sub-window. This command is available only when calling the context menu of indicators opened in a separate sub-window;
• Indicators List — open the "Indicators List" window.