MultiCharts

Categories

Show

Help

MultiCharts

MultiCharts Downloads / MultiCharts Indicators

Share MultiCharts indicators, EasyLanguage indicators.

Filter

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 0 1 2 3 4 5 6 7 8 9

Filter

Page 3 of 11

Last »

Entries

US Dollar Index Multicharts Indicator

After not being able to find a suitable source for this data without another data subscription, I decided to make my own indicator. It calculates the dollar index from 6 forex pairs. Pairs must be entered in the correct sequence to have it calculate properly. I have the six pairs entered and then hidden on the chart so that only the indicator shows.

Indicator txt code:

{US Dollar Index Calculated from Currency Pairs EURUSD, USDJPY, GBPUSD, USDCAD, USDSEK, and USDCHF.

Version 1.0

data1=EURUSD;
data2=USDJPY:
data3=GBPUSD;
data4=USDCAD;
data5=USDSEK;
data6=USDCHF;

Instruments must be entered in above order.

Formula for calculation:

USDx = 50.14348112 * EURUSD^(-0.576) * USDJPY^0.136 * GBPUSD^(-0.119) * USDCAD^0.091 * USDSEK^0.042 * USDCHF^0.036 }

Inputs:

EURUSD( Close Data1 ),
USDJPY( Close Data2 ),
GBPUSD( Close Data3 ),
USDCAD( Close Data4 ),
USDSEK( Close Data5 ),
USDCHF( Close Data6 );

Vars:

USDx(0);

USDx = 50.14348112*Power(EURUSD,(-0.576))*Power(USDJPY,0.136)*Power(GBPUSD,(-0.119))*Power(USDCAD,0.091)*Power(USDSEK,0.042)*Power(USDCHF,0.036);

Plot1 ( USDx, "USDx" ) ;

Details: US Dollar Index Multicharts Indicator

November 28th, 2014
Size: 3.24 KB
Downloaded: 155 times

Arrow Reader

As a Multicharts user, I am not too happy with their market replay functionality which got left behind in terms of integration with some more exotic features MC has released. For example, while in play-back you cannot place trades on the chart.
Consequently, my way to practice off-line sim-trades is just by scrolling a chart back to its first page of bars, and progressing the chart bar by bar to the right. I usually place arrows to mark entry/exit points in the market, and I do scale out.
It would be great to have an indicator (let's say), that would read the arrows I place on the bars and issue entry/partial exit/exit decisions that I could later analyze in Multichart's performance report.
Potential solution:
- Build such an indicator as described above (able to read some custom drawings such as arrows and issue signals)

Build such an arrow-reader indicator, which does:

- Read all arrows one by one, and enters long/short, depending on arrow orientation;
- Size is given by the number placed on the text attribute of the arrow
- The program can scale out - let's say, one enters long with 3 contracts and has 3 sell orders for 1 contract each later on.

Any suggestions for improvements welcome!

Details: Arrow Reader

June 5th, 2014
Size: 26.31 KB
Downloaded: 282 times

SuperTrend

Version 1.0

This is the popular SuperTrend Indicator (original version) which was first developed by Olivier Seban and later recoded by Jason Robinson in 2006 for the MT4 platform. This indicator has the benefit of being able to work on all time frames and all price based charts.

Logic of SuperTrend

This indicator is based on ATR (average true range). If price is above Green Trend line, market is bullish. If price is below red trend line, market is bearish. This indicator can be used for buy and sell signals or as a trailing stop.

Parameters:

ATR peroids = 10

Multiplier = 3

Details: SuperTrend

April 27th, 2014
Size: 3.98 KB
Downloaded: 894 times

Woodies CCI

Version. 1.0

This is the popular Woodies CCI indicator, which was made popular by ken wood (25+ years trading experience) founder of the Woodie CCI club which is a large community of traders. There's actually a full system behind this indicator which I have personal never tried but a Google search will present a lot of information on the topic.

This indicator is just a modified version of the original CCI indicator. The CCI itself is a momentum indicator. Such indicators all work in the same basic fashion - plot the difference between a "fast" measure of price and a "slow" measure. In the case of the CCI, the "fast" measure is the price itself, and the "slow" measure is a moving average. Thus when we look at the CCI, what we are actually seeing is a measurement of the deviation of price from its moving average, normalised to fit on a scale of roughly -200 to +200.

Typically, traders of Woodies system trade very short timescales - 3 or 5 minute charts being common. I do NOT trade the Woodies system so I personal can't comment on it.

Details: Woodies CCI

April 27th, 2014
Size: 8.56 KB
Downloaded: 340 times

Keywords: cci easylanguage woodies muticharts

Vortex Indicator

Version 1.0

The Vortex Indicator consists of two oscillators that capture positive and negative trend movement.
A bullish signal triggers when the positive trend indicator crosses above the negative trend indicator or a key level.
A bearish signal triggers when the negative trend indicator crosses above the positive trend indicator or a key level. The Vortex Indicator is either above or below these levels, which means it always has a clear bullish or bearish bias.

Calculation of the Vortex Indicator can be divided into three parts. First, calculate the positive and negative trend movements based on the highs and lows of the last two periods. Positive trend movement is the distance from the current high to the prior low. The further the current high is from the prior low, the more positive the trend movement. Negative trend movement is the distance from the current low to the prior high. The further the current low is from the prior high, the more negative the trend movement. These periodic values are then summed based on the indicator setting, which is the usually 14 periods.

The second part involves the True Range, which was created by Welles Wilder. This indicator uses the current high, current low and prior close to measure volatility

The third part normalizes the positive and negative trend movements by dividing them by the True Range. In effect, the Vortex Indicator shows volatility-adjusted positive trend movement and volatility-adjusted negative trend movement. The end result creates to indicators that oscillate above/below 1.

Please Keep in mind that the Vortex Indicator is not designed as a standalone indicator.

Details: Vortex Indicator

April 26th, 2014
Size: 3.19 KB
Downloaded: 246 times

ZigZag Volume

MRA - ZigZag Volume indicator

Version 1.00 (08/09/2013) Initial release.
Version 1.10 (10/25/2013) Bug negative time duration when a swing spans multiple days fixed.
Version 1.11 (11/02/2013) Correction on bug fix version 1.10.
Version 1.20 (09/08/2015) Added option to show average swing volume text in stead of cumulative swing volume text.

This indicator is inspired on the Weis Wave with its cumulative wave volume. It plots a cumulative ZigZag volume histogram, a ZigZag line and the cumulative volume, price change and/or duration of the up/down swing at the swing high/low.

The ZigZag line can be based on point, percentage, ATR or UTC retracements.
The UTC retracement method is based on John R. Hill, George Pruitt, and Lundy Hill's description in their book The Ultimate Trading Guide, page 39: "A top pivot point is the highest price in a movement prior to penetration of the low of the top bar. A bottom pivot point is the lowest price in a movement prior to penetration of the high of the low bar." The UTC version is an improved version in which the highs and lows are calculated over a period. Longer periods make the ZigZag UTC less sensitive. The default period for the UTC is 2 bars.

Inputs:
HiPrice( close ): price field for high swings
LoPrice( close ): price field for low swings
RetraceMethod( 1 ): 1=Pnt, 2=%, 3=ATR, 4=UTC
Period( 2 ): number of bars over which ATR or UTC is calculated
Retrace( 0 ): retracement in Pnt, % or ATR multiple
PlotVolume( true ): plots cumulative volume histogram
PlotSwings( true ): plots ZigZag lines
PlotVolumeText( true ): plots cumulative volume of up/down swing at swing high/low
AvgVolume( false ): shows average swing volume text in stead of cumulative swing volume text
ScaleVolumeBy( 1 ): divides cumulative volume text by the number of this input
PlotPriceText( false ): plots price change of up/down swing at swing high/low
PlotTimeText( false ): plots duration of up/down swing at swing high/low
LineWidth( 0 ): line width of ZigZag lines: 0,1,2,3,4,5,6
LineStyle( tool_solid): line style of ZigZag lines: tool_solid, tool_dotted, tool_dashed, tool_dashed2, tool_dashed3
UpColor( red ): line color of upswings: PowerLanguage colors
DnColor( red ): line color of downswings: PowerLanguage colors
TextColor( black ): text color: PowerLanguage colors

Coded in MultiCharts 8.7 PowerLanguage

Details: ZigZag Volume

August 9th, 2013
Size: 37.96 KB
Downloaded: 1356 times

ABC_unstacked TPO Chart

Changelog:
Version 1.01 - 2013-07-29
Version 1.00 - 2013-07-22

This indicator plots an unstacked TPO chart. TPO stands for Time-Price-Opportunity. The charts are constructed the following way. Each day is divided into equal time brackets. By default these brackets are 30 minutes long. You can change this via an input to shorten or lengthen the brackets. A character is now assigned for each time bracket.
By default the indicator will start with A and with the next 30 minute bracket switch to letter B. In case the session starts at 720, the next bracket will begin at 730. You can customize the letters used for the brackets via an input, too.

The code uses some new PowerLanguage reserved words, so you can take advantage of the new millisecond precision in Multicharts.
The indicator comes with a modified CurrentSession function. The characters for the TPO chart will start over at a session change.

Inputs:

BracketLengthInMinutes � The length in minutes for each bracket, starting at midnight. The default value is 30 for 30 minutes.
TextColor � The color input for the TPO chart
OpenColor � The open for each session will be market with a �>�, you can change its color with this input
CloseColor � The close is market in the same way with a �<�. You can change the color with this input.
TextSize � The input for the text size used for the TPO chart
TextFont � Multicharts offers the ability to use all text fonts installed in your Windows OS.
HorizTxtPl � This input lets you specify the horizontal text placement for the TPOs relative to the underlying bar:
0 � to the right of the specified bar,
1 � to the left of the specified bar
2 � centered on the specified bar
VertTxtPl � The corresponding input for the vertical text placement:
0 � below the specified price value
1 � above the specified price value
2 � centered on the specified price value
StringToUse � With this input you have full control over the characters used for the TPO chart. The first character in this input will be used for the first bracket in the session. With the default input (�ABCDEFGHIJKLMNOPQRSTUVWXYZ�) this means for a market opening at 830, the first bracket will be labeled with an A.
LockText � Multicharts offers the ability to lock text and trendlines drawn by studies, so you can�t move them by mistake. If LockText = false the locking will be disabled.
DrawBracketOnOneBar � This input gives you the ability to plot the bracket on one bar only. This is helpful if you use a smaller timeframe than the bracket setting or work with Treasuries for example. Assume you are using a 10 minute chart and the BracketLengthInMinutes is 30 minutes. The text for the current bracket will always shift to latest 10 minute bar, but will span over the full bracket. If you set the input to false the study will plot on every bar, but only from high to low for each bar.
TextIDs � This input is only used if BracketLengthInMinutes is true. It specifies how many text ids the study will store for each bracket. If the market spans more than the default 100 ticks (as one text id is used per tick) over your bracket period, the study will raise an error. You need to adapt the text id setting then i.e. raise the number.

If you encounter a bug, please write me a short PM. I don't get a notification when you post it in here.

Details: ABC_unstacked TPO Chart

July 25th, 2013
Size: 25.25 KB
Downloaded: 240 times

ABC_Midpoint Study

Changelog:
V 1.00 - 2013-07-04

The Midpoints study tracks the extremes of the day or a custom session between a start and end time. Bases on the high and low extremes, three Midpoints are calculated:

1. daily midpoint = (Session High + Session Low)/2
2. the midpoint between the session extreme high and the daily midpoint
3. the midpoint between the session extreme low and the daily midpoint

The study comes with three color inputs and the plots change their color depending on the value of the bar close compared to the plot value.
Description of Inputs:

UseTime:
False = StartTime and EndTime will have no effect and the High and Low will be tracked for the complete day. If true, High and Low will be tracked according to the StartTime/EndTime settings only.

UpColor:
is used to color the specific plot, if Close > Plot Value
DnColor:
Close < Plot Value
MatchColor:
Close = Plot Value

Round2Tick:
Study will round the MidPoints to the nearest tick if this input is true. If false the study will not round the MidPoints.

The study was not designed to use a session spanning over two calendar days, like an overnight Globex session. In case you use the UseTime input and a StartTime later than the EndTime, you might run into problems. The study would need to be adapted to properly work on overnight sessions.

Details: ABC_Midpoint Study

July 17th, 2013
Size: 8.48 KB
Downloaded: 290 times

Cumulative delta candle prints

This puts out the delta for each candle using the cumulative delta as a separate data stream. It can be off especially using non standard bar types but the margin of error is usually between 1-2 contracts. This indicator treats historical and current values separately so they can become misaligned, after a new bar is created it will realign itself.

Ver 1.0

Details: Cumulative delta candle prints

June 13th, 2013
Size: 7.05 KB
Downloaded: 665 times

Delta Momentum Bars With Cumulative Count

The candles are representative of the individual delta bars. The dotted line is the cumulative delta since the sign change. So if we start to go positive it sums up all the positive bars.

the data series is not written in the indicator you need to set that in the
-Format Study
-Base Study On
-Select Data

To get my same format, you may need to make it look like candles, you may need to set in the
-Style
-Plots
Close = Type Right Tick
High =Bar High
Low = Bar Low
0 = Left tick

Version 1.0

Details: Delta Momentum Bars With Cumulative Count

June 4th, 2013
Size: 5.60 KB
Downloaded: 660 times

Page 3 of 11

Last »