How can we get indicator of another indicator using Rules?

Author: sgubba

Creation Date: 2/12/2009 10:49 AM

Wealth Lab » Wealth-Lab Developer/Pro » How can we get indicator of another indicator using Rules?

sgubba

2/12/2009 10:49 AM

Developers/Gurus,

As end users, How can we set 'entry and exits' using drag and drop indicators? I wish there is a way to right click enabling on the indicator pane, to set buy and sell etc functionality. Probably this could be used for future versions of WLP.

Eugene

2/12/2009 10:55 AM

QUOTE:
How can we set 'entry and exits' using drag and drop indicators?

Do you mean Rules -> Conditions -> General Indicators ?

sgubba

2/12/2009 11:31 AM

For example QStick can be combined with another parameter (Blue/red), after combining then the combo indicator together with whatever we couple with, will become a new. On that at this time I am visually looking at placing order. But wish to create a script based on the combo indicator. I am interested in RSI after adding to another parameter. Hope this is clear. :)

sgubba

2/12/2009 11:54 AM

On the drawing objects, there is one thing called tradable trend line, which we drag on the the chart/price pane and set the parameters. Can we do that on to any pane? This should solve many questions for end users. :)

Cone

2/12/2009 11:58 AM

It's a limitation of the Rule Builder - you'd have to code that by hand. You can start with the wizard using the basic indicator and then edit the DataSeries parameter later.

For example, if you want a SMA of an RSI, code up the SMA, open the code in a Strategy Window for editing, and then pass the RSI.Series(Close, 14) in place of Close as the SMA DataSeries parameter.

Cone

2/12/2009 11:59 AM

QUOTE:
tradable trend line.. Can we do that on to any pane? This should solve many questions for end users.

No. Price Pane only. See User Guide.

sgubba

2/12/2009 12:03 PM

Thank you very much Cone and Eugene. I will try based on your info.
-SG

sgubba

2/12/2009 6:21 PM

"
For example, if you want a SMA of an RSI, code up the SMA, open the code in a Strategy Window for editing, and then pass the RSI.Series(Close, 14) in place of Close as the SMA DataSeries parameter. " -Cone

Seems little difficult for me. Could you give me a simple but complete script using RSI and SMA?
-SG

Eugene

2/13/2009 3:09 AM

CODE:
Please log in to see this code.

sgubba

#10

2/13/2009 9:36 AM

Thank you Eugene. I will try this one.

Cone

#11

2/13/2009 9:57 AM

squbba, make sure you understand the key point here. Instead of passing one of the standard series (Close, High, Volume, etc.) to the SMA.Series function, Eugene created another DataSeries called rsi. Once you have that, you only have to plug rsi into SMA.Series as you see above. That's all there is to it.