Define and Display Signal Chart
Here we use "Sample-RSI-MACD.SIG" file to explain how to define a signal chart.
This file is come with software installation, you can use [Load Strategy] button to load it.
This file uses a very simple strategy. It has three indicators - "Bollinger Bands", "RSI" and "MACD".
This strategy will show bull trend bar when "Ind-Line1" of "Indicator #2" (i.e. RSI) is above 50.
The RSI indicator only displays one line, that's why here we use "Ind-Line1" to represent RSI value.
If an indicator returns two lines, like STOC, "Ind-Line1" is the fast line, "Ind-Line2" is the slow line.
For EMAs, "Ind-Line1" is the 1st EMA, "Ind-Line2" is the 2nd and "Ind-Line3" is the 3rd EMA.
The value of each "Ind-Line" is displayed on Signal Chart's Indicator section.
This section not only draw the indicator graph but also display it's name and values.
The first value is for Ind-Line1, the second value is for Ind-Line2 and the third value is for Ind-Line3.
Also the strategy will show bear trend bar when "Ind-Line1" of "Indicator #2" (i.e. RSI) is below 50.
Click on "Buy Signal" tab, you will see everything is empty except the "when trend change" box is checked. This means "buy" when "trend changed" (from bear trend bar to bull trend bar), also in "Sell Signal" tab, you know the strategy is "sell" when "trend changed" (from bull trend bar to bear trend bar).
In summary, this strategy is use RSI to define bull and bear trend, bull when RSI above 50, bear when RSI below 50, then buy when bull trend started and sell when bear trend started.
To display a stock's Signal Chart is simply, just double click on that stock's symbol in watchlist.
You will see trend bars, buy / sell signals and all indicators you defined are displayed on Signal Chart. So you can easily visualize the trend and signals. A performance report is automatically generated to help you evaluate different trading strategies.
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Signal Chart Button
