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Multi-line Indicator Limitations (was Re: Explorer Results as Input to Subsequent Explorations)


  • To: Harvey Pearce <chipa@xxxxxxxxxxxxxxx>
  • Subject: Multi-line Indicator Limitations (was Re: Explorer Results as Input to Subsequent Explorations)
  • From: Chip Anderson <chipamy@xxxxxxxxx>
  • Date: Thu, 16 Oct 1997 16:59:32 -0700 (PDT)

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---Harvey Pearce  wrote:
>
> Wouldn't a template solve the problem?

Thanks for the suggestion Harvey.  Unfortunately, the answer is
"kinda, but not really." 

Templates can only be applied to entire charts.  Therefore applying a
template that added a properly styled collection of indicators would
potentially modify other parts of the chart :-(.  If MS supported the
concept of mini-templates that could be applied just to inner windows,
that would be an acceptable work-around, but not optimal.  I strongly
feel that the "proper" solution is to allow people to create something
I'll call an "Indicator Study" (i.e. a collection of one or more lines
and line styles) rather than just an "Indicator" (i.e. one or more
lines).

FWIW: More experimentation today revealed that if you create a
multi-line indicator using the semicolon technique previously
discussed, you cannot _seperately_ change the color/style of the lines
that make up the indicator... even manually! :-o.  So that suggested
work-around is fatally flawed in my opinion.

As an example, drop the DEMA smoothed MACD onto any price chart and
try to change the color/style of _just_ the signal line.  Can't do it!
 This is significantly different from what happens if you drop the
regular MACD on a chart - then you get three independent lines with
different styles that you can manipulate at will.  I would call the
regular MACD an example of an "Indicator Study."

Again, please don't think that this particular issues is some huge
show stopper for me.  It is an example of the many nagging issues that
prevent MS 6.5 from being a truely great charting/analysis package in
my opinion.

Chip
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