RealTick® Movie Tutorials

Spotting trading opportunities such as when studies cross, penetrate through resistance/support levels, or begin to show signs of momentum, are just a few examples of the filters you can write using RealTick 8.0s Conditions. 

Select from the following:

• Introduction to Conditions*
• Creating Conditions*
• Adding Conditions to a Chart*
• Color Rules*
• Creating a Simple Color Rule
• Creating Color Rules for One or More Conditions

*Video available. 

Introduction to Conditions*

Conditions
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When illustrated on a chart, RealTick scans through the history and displays conditions as marker icons wherever a condition is true. In a minder, RealTick updates conditions in real-time showing whether it is currently true or false. Once met, conditions may be configured
to Trigger an Order.

Creating Conditions*

Creating Conditions
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RealTick comes with sample conditions that may be copied or modified. Alternatively, you may create your own conditions. 

• Left Data Element: The drop-down menu shows the studies and conditions currently displayed in a chart. Adding more studies to the Display and Analysis grid populates both the left and right data elements menus. 
• Offset: The offset column is where you can compare previous bars to a more recent bar using the time series of the current chart. Example:  -1 goes back one bar, -2 two bars, etc.
• Right Data Element: In addition to displaying a list of current studies and conditions, you can compare the left data element to a value. 
• Operator: Conditions may be concatenated together by using and / or.

Adding Conditions to a Chart*

Add Conditions to a Chart
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• Add conditions to your study from the Display and Analysis Selections dialog box.
• To display a condition in a chart, select a Condition and click OK. The Condition is added to the Series to Display box in the Display and Analysis Selections dialog box.

Color Rules in a MarketMinder* 

Color Rules in a Minder
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• Click the Choose a Color Rule button from the Display and Analysis Selections dialog box, then from the Select Color Rule dialog box, click Add New to open the Color Rule Properties dialog box.
• Select the Condition from the Condition Study drop-down list.
  Note: You can also Add More Conditions to add new conditions to the Color Rule.
• After you select a Color from the Color field, the color Rule is created.

Color Rules in Charts* 

Color Rules in Charts
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For example, if you're looking for patterns of accumulation or distribution over time, you can compare the average volume from different periods and identify when the average volume from one period is significantly greater than the average period of another. 

Example: Average volume of five periods ago is greater than the average volume of 30 periods ago by 120%:

• Define the components to evaluate. 
• Add your studies to the Custom Study Workspace in the Composer dialog. 
• Add an Arithmetic study. 
• Once the components of the formula are defined, the condition may be written. Select Add Condition from the input series drop-down menu, and click on Add New. And select your data elements.
• Click OK and name the condition.

The markers display at what price the condition is met. Alternatively, adding this condition as a color rule to volume illustrates the met condition in the volume bars.