How do I create scans or signals to find Candlestick Patterns such as Hammer, Inverse Hammer?
Also See: CPR Tour
Also See: CPR Tour
The Market Structure High (MSH) is commonly defined as a series of three candles in which the high of the middle candle is higher than the high of the candle to it's left and to it's right, as seen in the image below:
The syntax for the scan or signal which would detect this condition (on the third candle) follows:
HI.1 > HI.2 AND HI.1 > HI
The RTL formula (syntax) checking process has been improved in several ways to facilitate entry of RTL scan, signal, and custom indicator formulas. The improvements are designed to facilitate entry of technical indicator tokens in cases where multiple tokens are needed for the same technical indicator. In addition, the improvements enable the user to extend the technical indicator tokens available for use in RTL formulas through the use of pre-defined technical indicator "presets".
How do I Compute the IB (Initial Balance) High, Low, or Range?
Also see: RTL Tutorial
Compute the IB (Initial Balance) High, Low, or Range?
This would be done with the Session Statistics Indicator (SESST). To compute the IB High, setup SESST with "Highest Price: High: First 60 Mins of the session." as seen below:
The difference lies in the context in which the two are used. Scans operate on current data, and can be used to:
A scan is sometimes called a "screen". A scan can either be run manually by the user, or be scheduled to run periodically.
First, I would create a quotepage...and make sure it's empty at the begin of each session. Let's say the quotepage name is "myQP". You can empty it by just opening and clicking the green trash can on quotepage toolbar (You could also probably do this with a scheduled scan in order to automate just before each session).
Now, let's assume the syntax for your scan is:
MA > MA_A AND MA.1
You'll just need to change the syntax to:
QP = "myQP" OR (MA > MA_A AND MA.1
This would be done with a scan. Let's assume that we have 3 quotepages, and we want to create a single quotepage which contains all the symbols in those 3 quotepages. We'll assume the names of our quotepages are SP500, Nasdaq100, and Dow30. Create a Scan (Setup: Scans) with the following syntax:
Quotepage Format is not one of the preferences that can be applied globally to all quotepages via the Setup: Preferences: Quotepage window. The reason being that we felt it unlikely that a user would want the same format for every one of his quotepages. Only "colors, gridlines, and other simple appearance settings" can be applied globally in this way.
Users of the Investor/RT can do this kind of quotepage merging easily using an RTL scan. Suppose you have two quotepages named “PageA” and “PageB” and you wish to create a new quotepage that contains all symbols that reside in either PageA or PageB. Run this scan on all your symbols:
QP = “PageA” OR QP = “PageB”A tool called the QuotePage Browser has been added to the MS Windows version of Investor/RT. The browser window presents lists of quotepages (System Quotepages, User Quotepages, Recent QuotePages) and the instrument ticker symbols for each quotepage. User-defined quotepage groups and subgroups are also shown in an indented outline format. Any group can be expanded or collapsed by double-clicking on its name.