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Showme studies in tradestation 101/5/2023 ![]() ![]() Instead of painting the bar however, the custom ShowMe lets you specify where to place an identifying marker (typically a dot) on the chart. Custom ShowMe is similar to the custom PaintBar in that it identifies bars where certain conditions are met.An example would be painting in blue any price bar that has a larger range than the seven preceding price bars. Custom PaintBars are used to paint individual price bars when a certain condition is met. ![]() This would be similar to indicators like moving averages or oscillators, except that you define the formula. Custom indicators are used to plot numerical values on a chart based on a formula.TradeStation has three types of custom indicators, matching the three primary types of analysis technique: These custom functions do not create automated systems but they can be used to plot custom indicators and identify special conditions on the price chart. Another tool that we can use is the custom indicator functions. In the last two articles we looked at TradeStation’s built in strategies and how to mix and match them to create simple custom systems. ![]()
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