Working with Study Columns in RadarScreen

There are two categories of study columns that you can display in the RadarScreen window: Columns that require historical data to perform their calculations, and those that do not. Study columns that reference history can be used in forecasting a market's direction and assist traders in making decisions related to entering, exiting, and/or staying in or out of the market. When applied to charts, studies graphically represent mathematical formulas used to 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, studies display the results of mathematical formulas as a value in a cell.

The difference between studies applied to a chart and those applied to a grid is in the display. Studies applied to charts display their values graphically as a line, histogram, or series of points on the chart, either over the charted price data or in a separate subgraph. Indicators applied to grids display their values as numbers in a cell.

You can add, resize, move, delete, and anchor columns, as well as change the column settings. You can even set audible and/or visual alerts for indicators to notify you when the market meets the conditions specified by your indicator. Information on the triggered alert is posted to the Message Center for your review. To enable and disable alerts, see Customize Study - Alerts. For information, see About the TradeStation Message Center.

TradeStation contains over 120 technical Indicators, ShowMes and PaintBars. You can apply these to your charts and/or grids as they are defined, or you can change them to suit your own trading preferences and/or objectives. For information on technical analysis, see What is Data Analysis?.

Studies typically include technical data (price data, volume, momentum, etc.) in their analysis. You can display a maximum of 30 indicator columns in a RadarScreen window.

Working with Study Columns in RadarScreen

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