Tutorial 42 - Drawing lines and text objects on a chart

Welcome to Markplex tutorial 42 in this collection of tutorials designed to help you learn TradeStation EasyLanguage programming skills. EasyLanguage is a programming language that was developed for the Tradestation trading platform that can be used to write programs to help in the technical analysis and trading of foreign exchange, commodities (e.g. the Dow e-mini), options and stocks.

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This is a beginner level video tutorial designed to demonstrate how to draw text objects on a chart.

If you want to try the program used in the video, the code is as follows:

If D <> D[1] then
Begin
Value1 = TL_New( D, T, HighD(1), D, SessionEndTime(1, 1), HighD(1) );
Value2 = Text_New( D, T, HighD(1), NumToStr( HighD(1),2));
Value5 = Text_New( D, T, HighD(1) - 0.1, NumToStr( Value1, 0 ) );
Value6 = Text_New( D, T, HighD(1) - 0.2, NumToStr( Value5, 0 ) );
Text_SetColor( Value5, Red );
End;

If D = CurrentDate and Value1 > 0 and Value2 > 0 and BarStatus(1) <> 1 then
Begin
Value11 = TL_SetEnd(Value1, D, T, HighD(1) );
Text_SetLocation( Value2, D, T, HighD(1) );
Value5 = Text_New( D, T, HighD(1) - 0.1, NumToStr( Value1, 0 ) );
Value6 = Text_New( D, T, HighD(1) - 0.2, NumToStr( Value5, 0 ) );
Text_SetColor( Value5, Red );
End;

{Value3 = TL_New( D, T, Lowd(1), D, SessionEndTime(1,1), LowD(1) );
Value4 = Text_new( D, T, LowD(1) - 0.1, NumToStr( Value3, 0) ); }

{Billy Fire LLC. All rights reserved. **
** Billy Fire LLC reserves the right to modify or overwrite this analysis technique
on its http://markplex.com Web site. ** }

Make sure that whenever you try and modify and exisiting drawing object that you make sure that the drawing object actually exis.ts, otherwise you will get a drawing object error.

This is a beginner level tutorial that uses a simple show-me to demonstrate the programming techniques.

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ANY EASYLANGUAGE TRADING STRATEGIES, INDICATORS, SHOWME STUDIES, PAINTBAR STUDIES, PROBABILITYMAP STUDIES, ACTIVITYBAR STUDIES, FUNCTIONS (AND PARTS THEREOF) AND ASSOCIATED TECHNIQUES REFERRED TO, INCLUDED IN OR ATTACHED TO THIS TUTORIAL ARE EXAMPLES ONLY, AND HAVE BEEN INCLUDED SOLELY FOR EDUCATIONAL PURPOSES. BILLY FIRE LLC. DOES NOT RECOMMEND THAT YOU USE ANY SUCH TRADING STRATEGIES, INDICATORS, SHOWME STUDIES, PAINTBAR STUDIES, PROBABILITYMAP STUDIES, ACTIVITYBAR STUDIES, FUNCTIONS (OR ANY PARTS THEREOF) OR TECHNIQUES. THE USE OF ANY SUCH TRADING STRATEGIES, INDICATORS, SHOWME STUDIES, PAINTBAR STUDIES, PROBABILITYMAP STUDIES, ACTIVITYBAR STUDIES, FUNCTIONS AND TECHNIQUES DOES NOT GUARANTEE THAT YOU WILL MAKE PROFITS, INCREASE PROFITS, OR MINIMIZE LOSSES.

Tutorial 42 Video - Drawing text objects on a chart

 

If you see any errors in this tutorial - or we have not made something clear, we would be most grateful if you could please let us know. E-mail us at: tutorials@markplex.com. Also, let us know if you have any ideas for new tutorials.