| MultiCharts: Advanced Analytics |
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Extensive Choice of Analysis Techniques with Advanced Options
MultiCharts comes with over two hundred pre-built studies for an in-depth market analysis, covering the most popular trading concepts and indicators. This comprehensive library includes traditional as well as state-of-the-art studies. A key advantage of MultiCharts is that any study's code can easily be modified. Nearly any custom indicator can also be created from scratch. The analysis techniques in MultiCharts have a number of advanced options:
Custom Alerts
All indicators have the built-in standard alerts, which can be used as-is or modified. Custom alert criteria can also be written using the EasyLanguage®. An alert can be chosen to suit your needs - visual, audio, as well as a custom sound or text. Alerts can be set to be triggered intra-bar or on close of a bar.
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Study Templates
Often a number of indicators are used as a set, and several of these sets are routinely interchanged. Study templates, incorporating the particular indicators for each set, can be created once and then applied anytime, with just one click, to any chart. You can easily switch between different templates, or apply several templates at once.
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Study Customization & Flexibility
Every visual aspect of each study's appearance can be customized, providing unmatched flexibility in presenting the data. Here is a partial list of the customization options:
• The overall appearance of the study, the type, color, style, and weight of every plot
• Use an indicator on an indicator
• Remove all studies or drawings with a single click
• Visual order of indicators and price series
• Specify or auto-detect the maximum number of bars that the study will reference
• Select the data stream for the study to be based on
• Last price marker on or off
• Screen, entire data series, user defined, or same as symbol scale type
• Linear or semi-log axes
• Reveal market information with Volume Profile chart
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In addition to the above studies, MultiCharts offers the unique add-on techniques from third party vendors. Those techniques are not mere indicators - they're real trading methods. These methods' algorithms are not transparent, and a payment of license fees is required for their use. |
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EasyLanguage® Compatibility
MultiCharts is the only independent platform that supports EasyLanguage® to a maximum possible extent. There is no need to learn a new language - custom studies can be created in industry-standard EasyLanguage®, and any already existing techniques can simply be imported from the ELA\ELS\ELD archives. Studies are first translated into C++ and then efficiently compiled, resulting in the extremely fast execution speed that is so critical for handling very large volumes of data. Nearly all of the advanced capabilities of EasyLanguage®, including custom DLLs, are supported by MultiCharts.
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Intelligent Drawing Tools
A broad range of intelligent drawing tools, for highlighting trends, gaps, and other price patterns, is provided. In addition to the usual visual parameters (color, style, weight, and font), the actual coordinate values can be edited for a greater degree of accuracy. Simply click and drag with the mouse to draw, resize, move, rotate, or extend Trendlines, Gann Fans, Support & Resistance lines, or other objects. Drawings can be cloned, or completely removed, or their visual order changed, all with a single click of the mouse.
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Built-in Volume Profile Histogram
MultiCharts features a built-in advanced analytical tool - a volume profile histogram, which displays the transaction volume at each price level that the security has traded at over a time period. The price range to base the volume profile on, the style, and other parameters can easily be set.
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