INDICATORS
- You can add as many technical indicators as you need.
- Scroll your cursor over the indicator of choice, and then click on the button that pops-up.
- Next type in the period(s) and select OK.
- You can also add as many of the same indicator as you feel are necessary.
- Note that the indicators in the top section of the Indicator Menu are calculated using the price value, whereas the Indicators from the bottom of the Menu are based on varying scales. This means that certain indicators in this section, which rely on different numeric scales for calculation, cannot be generated simultaneously.
- For your reference you will see a summary of the indicators added in the top portion of the chart.
To remove all indicators at the same time, select "Indicators." Then, at the bottom of the list of indicators, click on the "Clear All Indicators."
There are 2 easy ways to remove indicators individually:
- To remove only one indicator, select "Indicators" from the Feature Menu, then choose the indicator you wish to remove. This window will appear:
- Click on the indicator you want removed, in this case it is the "Simple Moving Average (10), and it will automatically be deleted.
or
- Remove an indicator using your mouse directly inside the chart.
- With your mouse, left click on the little box directly to the left of the indicator that you wish to delete, the box looks like this:
- A menu will appear, place your cursor on the "Delete" and left click with your mouse, the indicator will be automatically deleted.
You can easily change indicator colors.
- Change an indicator color using your mouse directly inside the chart.
- With your mouse, left click on the little box directly to the left of the indicator that you wish to adjust the color, the box looks like this:
- A menu will appear, place your cursor on the "Change Color" and another drop down menu will be visible.
- Left click with your mouse on the new color and the indicator will automatically change.
It is easy to overlay indicators, or separate out indicators. This is available only for the lower selection of indicators. Keep in mind that certain indicators rely on different numeric scales for calculation, and therefore cannot be generated simultaneously.
- Add the indicators of your choosing to the chart.
- With your mouse, left click on the little box directly to the left of the indicator that you wish to move, the box looks like this:
- A menu will appear, place your cursor on the "Copy to" and a new menu will appear with the choice of channels:
- With your cursor, highlight the channel you wish to move the indicator to, and left click on the channel, it will automatically move the indicator to the selected channel. We remind you that certain indicators rely on different numeric scales for calculation, and therefore cannot be generated simultaneously.
Set Crossover Alert with Indicators
You can set up an alert to let you know when two different indicators intersect; this would be a Crossover Alert.
Here is an example to help explain the steps in setting a Crossover alert.
Disclaimer: The following examples do not reflect real trade strategies. They are designed for syntax demonstration purpose only.
Example: I want the chart to alert me when 5-period EMA crosses with the 10-period EMA on the EUR/USD 5-minute 5-hour chart.
- Add both the 5-period EMA and 10-period EMA indicators on the EUR/USD 5-minute 5-hour chart.
Use your mouse to left click on the colored square, located to the left of the EMA(5), as shown in Figure 1 Set Cross Over Alert. Then click on option "Set Cross Over Alert with". You will see a menu offering a choice of indicators that are actively on the chart for which you can choose one to be used in a crossover alert/signal. Select EMA(10) in this case. See Figure 1 Set Crossover alert image below.
Figure 1. Set Crossover alert.
- The IntelliScript feature will pop up with the cross over syntax already in place in the Expression box, see Figure 2. Apply Crossover Alert.
- You can enter a name for this IntelliScript next to the box "Name:" For example, we have entered "EMA Crossover" in the screenshot below.
- Now you will to activate and apply this IntelliScript Crossover Alert by attaching it to the EUR/USD 5-minute 5-hour Data Series. Select "EUR/USD(5-min. 5-hr.)" next to the "Attach" button if this is not already selected. Click on the "Attach" button. Please check the bottom left corner of the IntelliScript window to see the Status of your actions. You will need to wait until this Status bar reads: "Calculation is complete. The script is attached to the chart." Once you see this, you can close the IntelliScript feature by clicking on the "Close" button.
Figure 2. Apply Crossover Alert.
To delete this alert, click on the name "EMA Crossover" on the chart and select "Delete".
- Desktop Indicators
Upper Indicators
- Automatic Trend Line
- Bollinger Bands
- Bollinger Bands Width
- Bollinger %B
- Channel Modern
- Chaos Alligator
- Chaos Fractal
- Chaos Awesome Oscillator
- Gann HiLo Activator
- Ichimoku
- Keltner Channel
- Linear Regression
- Linear Regression Bands
- Linear Regression Slope
- Moving Average (Double)
- Moving Average (Exponential)
- Moving Average (Hull)
- Moving Average (Kaufman Adaptive)
- Moving Average (Modified Exponential)
- Moving Average (Simple)
- Moving Average (Smoothed)
- Moving Average (Triangular)
- Moving Average (Triple)
- Moving Average (Weighted)
- Moving Average Envelope
- Price Channels
- Parabolic SAR
- Starc
- T3 Tilson EMA
- TetherLine
- Variable Index Dynamic Average
- ZigZag
Lower Indicators
- ADXR
- ATR
- Aroon (Up/Down)
- Aroon Oscillator
- Chaikin's Volatility
- CCI
- DMI (ADX)
- Gravity
- Heikin Ashi
- Historical Volatility Indicator
- IFish
- LRSI
- MACD
- MACD (Oscillator)
- MACD (Histogram Format)
- Momentum
- Moving Slope Rate of Change
- Oscillator (Accelerator/Decelerator)
- Oscillator (Detrend Price)
- Oscillator (Elliot Wave)
- Oscillator (Price)
- Oscillator (Ultimate)
- Percent change
- Polarized Fractal Efficiency
- Quantitative Qualitative Estimation
- Rate of Change
- RSI
- RSI_EMA
- RSI Signal
- Relative Vigor Index
- Smooth RSI
- Stochastic (Fast)
- Stochastic (Momentum Index)
- Stochastic (Slow)
- Schaff Trend Cycle
- Trix
- TSI
- William %R
- Online Indicators
Upper Indicators
- Bollinger Bands
- Exponential Moving Average
- Ichimoku
- Linear Regression
- Modified EMA
- Moving Average Envelope
- Parabolic SAR
- Price Channels
- Simple Moving Average
- Starc
- Weighted Moving Average
Lower Indicators
- ADXR
- ATR
- Bollinger %B
- Bollinger Bands Width
- CCI
- Detrend Price Oscillator
- DMI (ADX)
- Fast Stochastic
- Gravity
- MACD
- MACD (Histogram Format)
- Momentum
- Percent change
- Rate of Change
- RSI
- RSI Signal
- Schaff Trend Cycle
- Slow Stochastic
- Trix
- Ultimate Oscillator
- William %R
- Schaff Trend Cycle
FXtrek has partnered with FX-Strategy, a successful forex training school, who has developed a suite of proprietary indicators, including the Schaff Trend Cycle or Schaff TC. Below we have included information about the indicator. For more information, we would like to direct you to FX-Strategy for further details and information.
The Schaff Trend Cycle Indicator is a study developed and introduced by analyst/trader Doug Schaff on his website, www.FX-Strategy.com, to identify cycles within a MACD measure of trend.
Like price movement, trends exhibit repeating high and low patterns, or cycles. This indicator runs a MACD through a reworked stochastic algorithm to produce the STC.
The Schaff Trend Cycle uses three inputs:
- TC Period: Set at half the cycle length. Default: 10 periods.
- MA1 Period: Shorter-term Exponential Moving Average. Default: 23.
- MA2 Period: Longer-term Exponential Moving Average. Default: 50.
The Schaff Trend Cycle shows:
- Direction a Trend Cycle is moving.
- Tops and Bottoms within a Trend Cycle.
- Trade Entry and Exit Points.
The yellow STC line in the lower chart panel identifies Trend Cycle highs and lows.
When the Schaff Trend Cycle Indicator is falling, a Trend Cycle is falling and prices tend to stabilize or follow the cycle down. When the STC is rising, the Trend Cycle is rising and prices tend to stabilize or follow the cycle higher.
Dotted buy and sell lines are drawn in the lower chart panel. The indicator rising above the buy line can be used to confirm trend cycle lows. The indicator falling below the sell line can be used to confirm trend cycle peaks.