Custom indicators made using Rule Manager

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Tomasz Kot
Posts: 72
Joined: Sun Dec 18, 2022 8:09 pm

Custom indicators made using Rule Manager

Post by Tomasz Kot »

It would be great if we could make custom indicators using Rule Manager.
I think, technically there is everything already prepared in Rule Manager to fuel custom indicator, we would just need any output to the chart.

At first even basic label on the chart would be helpul.
And if later there could be some options to plot it on the chart (price chart/oscillator chart) that would be perfect.
NakedMarkets
Posts: 248
Joined: Tue Feb 22, 2022 11:06 am

Re: Custom indicators made using Rule Manager

Post by NakedMarkets »

We agree that it would be great for users to be able to make custom indicators without coding.
However, we are afraid that it's not possible so easily.

For example, for an easy and popular indicator like RSI, how the user could tell the software to calculate the Average gains and loss ? (example here)
There is so many ways to design and calculate custom indicators that it is very hard to do it 100% graphically.
Designing the way the indicator will draw is the easy part, the hardest part is the calculation unfortunately.
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