Part 2: Three Line Break | TradeStation EasyLanguage

In part 2 of this two part TradeStation EasyLanguage tutorial, I describe an indicator designed to be similar to TradeStation's new Line Break chart feature. The tutorial demonstrates the use of a dynamic one dimensional array and two functions.

Please note:
The tutorial, as explained in videos part 1, part 2 and part 3, contains a 'feature' that means that if the indicator is applied to a chart where the first bar evaluated has Close equal to Open, then nothing is plotted. In order to ensure that the indicator plots even when the first bar evaluated has Close equal to Open, the program needs to be modified as in part 4, i.e. by adding an equals sign into the first inequality, thus Close greater or equal to Open. This means that if Close is equal to Open, we designate that it is an up bar (even though it isn't really) and the program goes from there.

I have posted a part 4 video, which explains this in more detail.

ANY EASYLANGUAGE TRADING STRATEGIES, INDICATORS, SHOWME STUDIES, PAINTBAR STUDIES, PROBABILITYMAP STUDIES, ACTIVITYBAR STUDIES, AND FUNCTIONS (AND PARTS THEREOF) ATTACHED TO THIS E-MAIL ARE EXAMPLES ONLY, AND HAVE BEEN INCLUDED SOLELY FOR EDUCATIONAL PURPOSES. BILLY FIRE LLC. DOES NOT RECOMMEND THAT YOU USE ANY SUCH TRADING STRATEGIES, INDICATORS, SHOWME STUDIES, PAINTBAR STUDIES, PROBABILITYMAP STUDIES, ACTIVITYBAR STUDIES, OR FUNCTIONS (OR ANY PARTS THEREOF). THE USE OF ANY SUCH TRADING STRATEGIES, INDICATORS, SHOWME STUDIES, PAINTBAR STUDIES, PROBABILITYMAP STUDIES, ACTIVITYBAR STUDIES, AND FUNCTIONS DOES NOT GUARANTEE THAT YOU WILL MAKE PROFITS, INCREASE PROFITS, OR MINIMIZE LOSSES.

Category:

Education

Tags:

• tradestation
• easylanguage
• three
• line
• break
• functions
• dynamic
• array
• programming
• technical
• trading