Tutorial 102 | Tick analyzer using a price series provider

Tick profile histogram created using a price series provider (PSP)

Welcome to Markplex tutorial 102 in this collection of tutorials designed to help you learn TradeStation EasyLanguage programming skills. Please join our email list if you have not already done so and we will let you know when we release new tutorials or programs.

This tutorial applies to TradeStation (but not MultiCharts) because it uses some of TradeStation’s object oriented extensions.

The tutorial 102 program applied to a 5 minute @YM.D chart.

The tutorial 102 program applied to a 5 minute @YM.D chart.

Functionality overview

Tutorial 102 uses a price series provider to analyze tick data to calculate the total number of ticks for each price level on the visible window of a chart. The data is stored and sorted using a dictionary and vectors. Lines are then drawn on a chart in the form of a histogram with the longest lines representing a greater number of ticks. The color of the histogram lines varies continually in relation to the total number of ticks at any specific price level. The colors are set using user inputs.

The histogram plotted using DT point (see video tutorial for an explanation)

The histogram plotted using DT point (see video tutorial for an explanation)

The program does a lot of processing and so it has been created as not real time. In other words, it does a calculation when first applied to the chart and then makes no other changes. It can be used with point and figure, line break etc charts

The tutorial demonstrates the drawing of the histogram lines in two different ways. The first is by using DTpoints and the second using XYpoints.

Tutorial lessons

Tutorial 102 demonstrates the use of

  • a price series provider,
  • vectors (including sorting vectors),
  • a dictionary,
  • drawing trend lines and rectangles using the new drawing object functionality.

See the video below to understand how the program works.

Inputs

HistColor1( Red ), // Color of prices at which the least volume occurred
HistColor2( RGB( 50, 255, 125 ) ); // Color of the lines at which the most volume occurred

Tutorial 102 applied to a 1 minute EURUSD chart.

Tutorial 102 applied to a 1 minute EURUSD chart.

This tutorial program is available for immediate download for only $39.95. This tutorial applies to TradeStation (but not MultiCharts) because it uses some of TradeStation’s object oriented extensions.

Gold pass members can download the program at no cost (see the Gold Pass area below. Make sure you are logged in to the site). 

Gold pass area

This content is for Gold Pass members only.

Tutorial 102 video part 1

For best results, watch this video in full screen HD mode.

Tutorial 102 video part 2

This tutorial program is available for immediate download for only $39.95. This tutorial applies to TradeStation (but not MultiCharts) because it uses some of TradeStation’s object oriented extensions.

Gold Pass members get an additional 20% discount off all program and tutorial prices. If you are a Gold Pass member make sure you enter the special coupon code to get 20% discount off these prices. You can find the coupon code on the Gold Pass page.

Tutorial 102 applied to a line break chart

Tutorial 102 applied to a line break chart

Tutorial 102 applied to a point and figure chart

Tutorial 102 applied to a point and figure chart

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