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Tutorial 64 | Using manually drawn lines in EasyLanguage programs

Welcome to tutorial 64 in this series of tutorials designed to demonstrate TradeStation EasyLanguage programming techniques.

This tutorial demonstrates how to draw a line on a chart using the TradeStation drawing tool and then, using EasyLanguage programming techniques, find the reference of the line and use the reference to find the values along the line.

For example, in the tutorial I show who to add text at the end of the line showing its value. The tutorial shows some additional techniques that are required so that the text is relocated and modified if the end of the line is moved. We also must delete the text if the line is deleted.

I also show how we recognize if the manually drawn line has been crossed by a moving average for both historic bars and in real time.

A possible application of these techniques would be in a strategy where, if a line were breached a trade were instigated or an alert triggered.


Tutorial 64 indicator showing that the close of the bar has crossed over the hand drawn line
Tutorial 64 indicator showing that the close of the bar has crossed over the hand drawn line

An in depth video, below, explains the tutorial in detail. The unprotected program for version 9.0 is available for immediate download for $19.95 here:

The program works in TradeStation version 9.0 and is commented throughout. The program has been tested on intraday, daily, weekly and monthly charts.

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TO THE BEST OF MARKPLEX CORPORATION’S KNOWLEDGE, ALL OF THE INFORMATION ON THIS PAGE IS CORRECT, AND IT IS PROVIDED IN THE HOPE THAT IT WILL BE USEFUL. HOWEVER, MARKPLEX CORPORATION ASSUMES NO LIABILITY FOR ANY DAMAGES, DIRECT OR OTHERWISE, RESULTING FROM THE USE OF THIS INFORMATION AND/OR PROGRAM(S) DESCRIBED, AND NO WARRANTY IS MADE REGARDING ITS ACCURACY OR COMPLETENESS. USE OF THIS INFORMATION AND/OR PROGRAMS DESCRIBED IS AT YOUR OWN RISK.

ANY EASYLANGUAGE OR POWERLANGUAGE TRADING STRATEGIES, SIGNALS, STUDIES, 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 OR PROGRAM DESCRIPTION ARE EXAMPLES ONLY, AND HAVE BEEN INCLUDED SOLELY FOR EDUCATIONAL PURPOSES. MARKPLEX CORPORATION. DOES NOT RECOMMEND THAT YOU USE ANY SUCH TRADING STRATEGIES, SIGNALS, STUDIES, INDICATORS, SHOWME STUDIES, PAINTBAR STUDIES, PROBABILITYMAP STUDIES, ACTIVITYBAR STUDIES, FUNCTIONS (OR ANY PARTS THEREOF) OR TECHNIQUES. THE USE OF ANY SUCH TRADING STRATEGIES, SIGNALS, STUDIES, 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 64 Video – EasyLanguage analysis of manually drawn lines

The unprotected program for version 9.0 is available for immediate download for $19.95 here:

The program works in TradeStation version 9.0 and is commented throughout. The program has been tested on intraday, daily, weekly and monthly charts.

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.

EasyLanguage is a programming language that is part of the TradeStation trading platform. It can be used to write programs to help in the technical analysis and trading of foreign exchange (forex or FX), commodities (e.g. the Dow e-mini, S&P e-mini etc), options, and stocks.