Hello Traders,

I'm exploring the possibility moving my trading account to Fidelity and was hoping to use Wealth-Lab as my trading platform. After trying to setup Wealth-Lab to fit my trading style, I'm not too sure that it will work for me.

I'm a multi time frame price action and chart pattern trader. I use very few if any indicators and/or strategies. The candles and/or chart patterns w/ multi time frame alignment tell when to enter and exit a trades.

The trading platform will require a multi time frame chart using Heikin Ashi candles and allow switching between the following time frames.

1D:1m, 1D:2m, 5D:5m, 5D:15m, 10D:30m, 20D:1h, 180D:2h, 5Y:1D, 10y:W, and 10Y:M

Would my configuration requirements be possible using Wealth-Lab? Any help and or direction that you could give me would be deeply appreciated.

Best regards,
tk

Welcome to the forum Thomas.

Heikin Ashi can be used both as a chart style and a trading technique in your WealthScript Strategy code:

1. Heikin Ashi chart style from Community ChartStyles library. On how to install or update Wealth-Lab extensions, check out this illustrated tutorial and/or the Wealth-Lab User Guide > Extension Manager.

2. It will be easy to find code samples in existing discussions when you start typing in the first few chars of "Heikin..." in the "Search Forum..." text box. Give it a try.

The multiple time frame, however, requires some thought. For sure it's possible to come up with a scripting solution if you need to plot HA on multiple bar scales at a time. What I not get is this line's meaning: "1D:1m, 1D:2m, 5D:5m, 5D:15m, 10D:30m, 20D:1h, 180D:2h, 5Y:1D, 10y:W, and 10Y:M". Is this, for example, "10 days of 30-minute data, H-A plotted on 30-min scale" or "plot H-A on a 30-minute chart overlaid with 10-day compressed chart"? Clarification or illustration required.

Hello Eugene,

Thank you so much for responding to my post. I apologize for not being more clear on the notation that I was using in the earlier post. Maybe this will add some clarification.

1D:1m, 1D:2m, 5D:5m, 5D:15m, 10D:30m, 20D:1h, 180D:2h, 5Y:d, 10y:w, 10Y:m

1D:1m | 1-minute Chart using 1-day of data (1-minute candles)
1D:3m | 3-minute Chart using 1-day of data (3-minute candles)
5D:5m | 5-minute Chart using 5-days of data (5-minute candles)
5D:15m | 15-minute Chart using 5-days of data (15-minute candles)
10D:30m | 30-minute Chart using 10-days of data (30-minute candles)
20D:1h | 1-hour Chart using 20-days of data (hourly candles)
180D:2h | 2-hour Chart using 180-days of data (2-hour candles)
5Y:d | 1-day Chart using 5-years of data (daily candles)
10y:w | 1-week Chart using 10-years of data (weekly candles)
10Y:m | 1-Month Chart using 10-years of data (monthly candles)

Best regards
tk

All these time frames are possible. To switch between them and to load as much data as required you can use the "Scale" and "Data range" dropdown boxes, respectively (more in the WL User Guide > Charting > Chart Control).

Eugene, thank you so much for your help!

Best regards,
tk

You're welcome.