Selecting a category will allow you to select the specific indicator that you want to use. This is necessary to select the indicator you want to add. If you are unsure what category you want to add an indicator from you may select the all indicators category.
(Power User only) Power User versions of NeuroShell Trader allow the ability to mix and match multiple time frame indicators in a chart, prediction, trading strategy or even other indicators.
To Select the indicator frequency, choose one of the options shown:
- Same frequency as chart – When selected, the indicator will be the same frequency as the current chart and will change frequencies with the chart if you change the underlying chart frequency.
- Chart independent frequency ‘ When selected, the indicator will be the frequency that is selected in the frequency dropdown to the right and will not change frequencies if you change the underlying frequency of the chart.
To Select an indicator category:
- Select a category by clicking on the desired category (i.e. Basic, Simple Moving Average, ‘).
- Press the Next button or double-click on the category to proceed to the next wizard screen.
To rearrange the order in which the categories are shown in the list, use the category arranging buttons at the bottom of the list:
Move Up – moves the currently selected category up in the list.
Move Down ‘ moves the currently selected category down in the list.
Reset ‘ Resets all the categories to their original default positions.
- Not all indicators will be available if NeuroShell Trader has detected that a Boolean condition is required. This is true for Trading Strategy Entry and Exit conditions, as well as inputs to indicators (i.e. If X then Y else Z ‘ X must be a Boolean condition).
- (Power User only) When mixing frequencies to create an indicator, you have two places to control the frequency. 1st you can set the indicator frequency on the first page of the indicator wizard, which controls how often new indicator output values are calculated. Secondly you can set the frequency of the data being fed into the indicator on the last page of the indicator wizard, which then controls the frequency of the data used to calculate the output.
Assuming mixing 1-minute and 10000 volume frequencies, you could then create all the following combinations of indicators:
A) 1-minute indicator based upon 1-minute data
B) 1-minute indicator based upon 10000 volume data.
C) 10000 volume indicator based upon 1-minute data
D) 10000 volume indicator based upon 10000 volume data
For the above 4 combinations, A is the standard 1-minute indicator, which calculates a new value every minute based upon 1-minute data. D is the standard 10000 volume indicator that calculates a new value every 10000 volume based upon 10000 volume data. However, B and C are a little more complicated. B calculates new signals every 1-minute, but bases its calculations on the latest 10000 volume data that is available at each 1-minute boundary on which it calculates. Likewise C recalculates on every 10000 volume boundary, but bases its calculations on the latest 1-minute data that is available at each 10000 volume boundary on which it calculates.