Add an indicator to the chart
This section provides a way for you to create, edit and apply various indicators to the chart. More detailed descriptions of indicators can be found on our Github indicator help.
In order to apply indicators to a chart use one of the options:
  1. 1.
    Left-click on the
    icon within the chart toolbar.
  2. 2.
    Right-click in the charting area to bring up the chart context menu, then select Settings followed by the Indicators menu item.
This will open the Indicators popup window, which contains 5 different lists:
Name
Description
Indicators
Standard indicators integrated into the TradersYard X trading platform
Premium indicators
Indicators from add-on packages
Custom
Self-programmed or imported indicators
Conditions
Conditions entered in the Condition Escort
Scripted conditions
Self-programmed conditions
Important! If you want to find out more about each specific indicator, you can find a detailed description in the Indicators section
The dialog window consists of three parts:
  1. 1.
    List of available indicators
  2. 2.
    List of selected indicators
  3. 3.
    Parameters box
The buttons inside the popup window have the following functions:
  • ОК: accepts all defined settings and closes the dialog window.
  • Apply: accepts all settings but does not close the dialog window.
  • Cancel: closes the dialog window without saving the changes.
Please note:
Show Candles At Front: if this function is activated, all indicators are displayed behind the chart candles or other styles.

List of available indicators

The list of available indicators can be found within the three sections of the Indicators window.
For better performance users may use the Indicator Search function. You can search indicators through subcategories:
The list is divided into the following subcategories:
  • Standard system indicators (TradersYard X offers approx.100 standard indicators),
  • Cumulative Indices. Only displayed and can be added to the chart if connected to one of the following data feeds: Teletrader, Taipan, IQFeed, or Barchart. They display an oscillator of cumulated data of the specific index.
  • Premium indicators
  • Scripted indicators (self-programmed),
  • Conditions in the Setup Builder
  • Scripted conditions

List of selected indicators

This section displays all indicators and conditions applied to the chart or just added from the list of available indicators:
Click the Remove button to delete an indicator from this list. Left clicking on an indicator will make it "active" in the parameters section and allow you to modify parameters. Click the OK or Apply button to save new settings for an indicator and apply it to the chart.

Parameters box

The parameter box on the right-hand side of the Parameter window displays the indicator-specific settings that are available for editing.
Parameters box
In this section, we will see which parameters can be changed within the parameter box.

General settings

You can change the following parameters:
Auto adjusted: Default setting is "false". In this case, the indicator will be displayed inside a separate panel below the chart. If set to "true", the indicator is a part of the chart panel's scaling and is always fully visible on the chart. This means that if the indicator's extreme values are far away from the market value, then the chart display will be adjusted in such a way as to show the indicator completely.
Calc. on finished Bars: allows to change the calculation mode from close price to every new tick. If set to "false" Calculation Updates Times Frame parameter appears which allows selecting a timeframe in which the indicator is re-calculated. If set to "true", TradersYard X will calculate the indicator each time a bar has been closed and the next tick is sent. ATTENTION! the calculation of some (especially self-programmed) indicators can be quite complex. If your workspace contains too many indicators with Calculate on bar close, set to "false", TradersYard X's performance may be negatively affected.
Caption: displays the technical descriptions. You can change these settings if required. For example, to display a shorter name for an indicator (BB-W instead of BBWidth) input the following information: (Close, 2, 20) -> BB-W.
Display in Chart Box: if set to "true", the indicator values will be displayed in the chart box when you left click on the chart.
Left/Right shifting: shifts the indicator to the left or right.
Bars required: defines the number of periods after which the indicator will be shown. For example, SMA(20) requires at least 20 periods (bars) to correctly calculate the moving average.
Show price scale markers: if set to "true", the indicator values within the price scale on the right side of the chart will be shown in color.

Input settings

You can change the following parameters:
InSeries: allows you to select data series for which the indicator should be calculated. The standard setting is "close", which means that the indicator will be calculated based on the closing prices of a specific period. Other available options are displayed below:
This image shows the setting for calculation of the Bollinger band indicator based on the RSI values:
Once you have confirmed the changes, the RSI indicator will be displayed in the same panel as the Bollinger band:
Instrument: allows you to select a data series from a different instrument for which the indicator should be calculated. The default setting corresponds to the instrument for which the indicator was selected.
Time-Frame: allows you to display the indicator for the current instrument within different time frames on the same chart. For example, on the 1-day EURUSD chart, the same indicator SMA(14) is displayed in two-time frames simultaneously: 1 hour and 1 week.

Input parameters settings

These settings display indicator-specific parameters. If you change the values here, the behavior of the indicator also changes.

Visual settings

These settings allow you to customize the appearance of the indicator.
You can change the following parameters:
Levels: allow you to edit the indicator lines by setting the following parameters:
  • Appearance (dotted, striped, etc.)
  • Color
  • Width
  • Line value
Chart Panel: allows you to customize the appearance and style of specific indicators and to display several indicators within the same panel.
If you select Chart Panel there, your indicator will be linked to the input series. You can put many different indicators into the same panel.
Outputs: pertains to the visual display for the indicator output values. The following changes can be made:
  • Indicator name
  • Appearance (dotted, striped, etc.)
  • Color
  • Line width

Visualisation settings

These settings allow you to apply a color to the area between two indicator lines.

Outputs Display Style

Offers three style settings for displaying prices.

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Outline
List of available indicators
List of selected indicators
Parameters box
General settings
Input settings
Input parameters settings
Visual settings
Visualisation settings
Outputs Display Style