The InterChart Tools 1 allows you to share information between charts using different bar sizes in the NeuroShell® DayTrader Professional. As an example, an MACD indicator created on a range bar chart may be used to influence processing on a 5-minute time bar chart. Or you could use the close on a 5-minute chart to influence a 15-minute chart. Since bar size creates primary noise filtering, this allows another mechanism for noise removal. It makes “consensus trading” across multiple time frames possible.
InterChart Tools 1 was designed and programmed by Richey Enterprises.
The InterChart Tools 1 is primarily designed for use with the NeuroShell DayTrader Professional because the indicators combine different bar sizes. However, users of NeuroShell Trader and NeuroShell Trader Professional may find it useful to combine daily bars with weekly and monthly bars.
In order for data streams to be transmitted and received correctly, all related charts must be open in NeuroShell Trader. Charts that are sending data should be created or opened before charts that are receiving data. During an active NeuroShell session, the StreamIds included in the SendStream indicators and MemberIDs from the SendGroup indicators must be unique, otherwise incorrect data could be transmitted.
Single Streams
InterChart Tools 1 broadcasts “data streams” from a source chart, which can be retrieved by one or more receiving charts. These streams are time series chart items. Any time series which can be plotted on a chart can be sent to another chart. Charts should only have a single chart page (i.e., only one ticker symbol in a chart) to prevent the data from being transmitted incorrectly. Data may be transmitted between charts with different symbols.
Items that may be sent to another chart include:
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Price streams such as open, high, low, and close
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Indicators such as (High + Low) / 2, MACD, Exponential Moving Average and any of NeuroShell’s hundreds of other indicators
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Outputs from trading strategies and predictions
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Use the SendStream and GetStream indicators to transmit and receive single data streams.
Streams may be sent or received from any of NeuroShell’s chart types: time bar, volume bar, tick bar, range bar, as well as daily, monthly, and weekly charts. Streams are identified by an arbitrary numeric “StreamID”.
Groups of Streams
Multiple streams of similar numeric scale and meaning may be transmitted from a single or multiple charts as a “Group” using the SendGroup Indicator. The multiple streams are processed (summed, min value, max value, or averaged) and displayed on another chart using the GetGroup indicator.
Volume Indicators
Volume data may be transmitted from a stock chart to an options or futures chart using the SendVolume and GetVolume indicators. The SendVolume indicator is different from the SendStream indicator because it accumulates data until the completion of a bar on the receiving chart.
Note on similar numeric scale and meaning: Because the transmitted data streams within a group are "processed" so that they display as a single data stream on the receiving chart, it would not make sense, for example, to average an RSI stream which can range from 0 to 100 with a Standard Deviation stream which can range from -0.5 to around 4. It would be more logical to average four different RSI values.
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