EDITING A STUDY in .NET

Implementation EAN-13 in .NET EDITING A STUDY
EDITING A STUDY
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Whether you are applying one study or a multitude of them to a chart, you can edit any study to change its settings and appearance. Although you probably will be satis ed with the default settings provided with any given study, you might want to change the appearance settings to your liking. Plus, if you are particularly sophisticated with a given technical indicator, you may have your own settings you want to apply instead. Generally speaking, what you are able to edit for any given study falls into three general categories: (1) the source of the data; that is, the numbers upon which the resulting technical indicator is based; (2) other numeric parameters used to compute the study, such as the number of time periods to use; (3) the presentation of the study, such as its color, opacity, line style, and so forth. It should also be noted that the concept of time periods strictly depends on the frequency of the bars being shown in your chart. If you are looking at a daily graph, then a period is a day. So a 20-period moving average is a 20-day moving average. If you are instead looking at the past ve days of trading activity on an hour-by-hour basis, each bar represents one hour of time, so the same moving average study would be a 20-hour moving average. For the sake of simplicity, we will assume you are looking at a daily chart, so we will use terms such as 50-day moving average instead of the more precise and accurate 50-period moving average. To edit a study, all you need to do is double-click the study that has been applied and appears on the right side of the technical studies editor. You can also click the study once and then click the Edit Study button. When you do this, a Study Editor for that particular study will appear (Figure 6.5) and will contain the various controls germane to that study as well as the settings that are being used for it (which will typically be the default settings, unless you have changed them). Although every dialog box will be a little different, based on the study,
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Multiple Studies and Comparisons
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FIGURE 6.5 You have a lot of control over each technical study, since virtually
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any aspect of its computation or appearance can be adjusted.
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the one shown in Figure 6.5 (which is for Bollinger Bands) is representative of the general components you will see for a Study Editor. These are: Data source. This dropdown lets you choose which element of the price should be used as the basis for computing the study. Most people want to use the closing price for their studies. But perhaps you d rather use the high price. Or the low price. You can click on this dropdown and choose any of the available price elds. The elds available to you depend on the study and how it is being used. Bar period and standard deviations. These two elds are speci c to the Bollinger Bands study, but they are a good example of the kind of ne-tuning you can do with a technical study. You should have a deep understanding of the study in question before adjusting the default parameters, however. One exception is the Moving Average, whose principal parameter (the number of periods to use) is simple enough for anyone to understand. Fill, upper, and lower buttons. These three graphical buttons control the color, upper-line appearance, and lower-line appearance, respectively. Again, these are speci c to Bollinger Bands but are good general examples of the kinds of controls you will see on a Study Editor. Clicking on any of the appearance control buttons yields other dialog boxes. For example, clicking the Fill button (which has a colored square in it) opens a Color dialog box (Figure 6.6) that gives you control over the
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