Quick-tip 86 | Basic RadarScreen screener

Quick-tip 86 demonstrates a simple indicator for TradeStation Radarscreen that has 3 columns: 3 input columns and one column that displays “buy” or “sell” depending on the price of the last trade.

The user inputs a “top” price, a “bottom” price and an adjustment amount (input: Near). 

Inputs Columns

TOP – An upper price entered as an input. (Normally this would be price above the current price)
BOTTOM – A lower price entered as an input. (Normally this would be price below the current price)

Near – the value of the user input Near for a specific row

SIGNAL Column

The Condition will be based on the LAST price.

If the last price is above the user input Top price the signal column will plot “SELL” in dark red. If the last price is above the Top price minus the Near value, the signal column will plot “SELL” in the user input color: SigBackSell (by default, Red).

If the last price is below the user input Bottom price the signal column will plot “BUY” in dark green. If the last price is below the user input Bottom price minus the user input Near, the signal column will plot “BUY” in the user input color: SigBackBuy (by default, Green).

Condition (Cell background color)

DARKRED – “Sell” – Price above TOP
SigBackSell (by default, Red) – “Sell” – Price is Near the TOP

SigBackBuy (by default, Green) – “Buy” Price is Near the BOTTOM
DARKGREEN – “Buy” Price below BOTTOM

User inputs

Input:	         double Top( 0 ),
			double Bottom( 0 ),
			double Near( 0.20 ),
			
			int SigBackBuy ( Green ),
			int SigBackSell( Red );