Indicators |
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Interchart Tools #2 includes the following indicator types:
Time Bars - create indicators that allow access to higher time frame data on a chart with a lesser time frame, but with the added advantage of not having to wait for the completion of the higher time frame bar to send a trade. For example, on a two minute chart (the base chart) you could access data for 4, 6, 8, 10 etc. minute bars. The higher time frame bars are updated every time the base chart is updated. The higher time frames must be multiples of the number of minutes in the base chart. The indicators may be used simply as indicators, as inputs to a Prediction or as rules in Trading Strategies.
Consolidated Bars - create indicators on a NeuroShell Trader chart that construct consolidated bars based on the most recent number of bars that you specify. For example, you could use a Consolidated Bars High indicator to create a virtual bar that is the highest high over the most recent 5 bars. Every time a new bar arrives, the oldest bar is dropped and a new consolidated bar is generated. The Consolidated Bars indicators are especially useful with range or volume bars and may be used in Predictions and Trading Strategies.
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