Studies are data analysis tools that provide a precise, calculated way to monitor and measure a market's price movement, strength, and financial performance. They can assist traders in making decisions related to entering, exiting, and/or staying in or out of the market. Most commonly, studies include technical data (price data, volume, momentum, and so on) in their technical analysis. For information on technical analysis, see What is Data Analysis?.
When applied to charts, studies let you graphically analyze market conditions, such as trends, trend reversals, and volatility by analyzing your data on a bar-by-bar basis. When inserted in a grid, such as RadarScreen, studies display the results of mathematical formulas as a value in a cell within a study column.
Types of Studies
TradeStation contains a wide variety of studies, including several study types, such as:
You can apply studies to your charts and/or grids as they are defined, or you can change them to suit your own trading preferences and/or objectives.
Similar functionality is available in the Mobile and Web Trading versions of TradeStation.