Custom Indicator

Adding a custom Indicator that has been created using the RTL language to a chart is done with the indicator named Custom Indicator. The setup of the charted indicator is where the name of the RTL Custom Indicator is specified, along with other settings.

A general overview of custom Indicators can be found here.

For more information about how to create RTL Custom Indicators, see this article.

 

 

Presentation

Adding a custom Indicator that has been created using the RTL language to a chart is done with the indicator named Custom Indicator. The setup of the charted indicator is where the name of the RTL Custom Indicator is specified, along with other settings.

A general overview of custom Indicators can be found here.

For more information about how to create RTL Custom Indicators, see this article.

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Tutorial - RTL
What follows is a basic tutorial on RTL. The tutorial will focus primarily on RTL syntax and how to write formulas.

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RTL - Investor/RT Language

RTL is the Investor/RT Language, a formula language for composing trading signals, custom indicators, and scans. RTL is an end user language, designed to be used by those with little or no programming skills. RTL is used to write a formula. A formula may be a true/false condition, e.g. CLOSE < MA, that determines whether some condition is true or not for each bar (a signal) or the last bar (a scan). A formula may compute an arithmetic result, called a custom indicator. For example: MA ( HIGH - CLOSE ) computes a moving average of how far an instrument closes from its high. As you can see, RTL is more expressive, simpler, and easier to use than other market data languagues.

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