ShowMe Studies are designed to help identify potential historical and real-time market patterns and conditions visually by placing a colored dot over bars where specific conditions have occurred.
They are generally made up of one or more marker plots that display the results of technical analysis-based transformation(s) of securities data. ShowMe’s are typically used to generate chart markers at the occurrence of a discrete trigger event, such as the crossing of two hidden lines.
 EasyLanguage Example:
In this example a ShowMe is used to identify a breakout out on a chart. The first ShowMe will put a marker where a new lowest low has occurred for a certain number of bars. The second ShowMe does the same thing, but in this case it identifies a new highest high. |
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| This ShowMe puts a marker where a new lowest low has occurred for a certain number of bars. |
The following functionality can be incorporated when creating ShowMe Studies:
ALERTS:
A ShowMe can also include user-defined rules to issue real-time desktop alerts and pager alerts. A ShowMe is usually programmed to issue an alert each time the ShowMe generates a chart marker. |
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PLOT ATTRIBUTES:
The attributes of each of the plots of a ShowMe can be controlled independently and include:
CONDITIONAL COLORING:
Marker-to-marker changes in plot color that is set to change when a particular condition is met.
EasyLanguage Example:
In this chart we are using a ShowMe to identify the popular "Head & Shoulders" pattern. The color of the ShowMe is changed with each new occurrence of the pattern.
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This ShowMe identifies the popular
"Head & Shoulders" pattern. |
Size:
The marker size can also be varied programmatically on a marker-to-marker basis, though it is usually set at a fixed value via the study’s property settings.
Type:
Point, cross, line, etc.; controlled via indicator property settings. |
