What is and indicator?
An indicator is a graphic drawn on a chart or information provided to viewers when a given set of rule(s)/events has been satisfied/occurs.
Examples include:
So, whereas scripts and expert advisors are "dropped onto" a chart, in indicator is "inserted into" a chart. It becomes an actual part of the chart.
An indicator is a graphic drawn on a chart or information provided to viewers when a given set of rule(s)/events has been satisfied/occurs.
Examples include:
- draw such and such moving average
- when this line reverses its slope, draw an arrow pointing in the new direction
- sound an alarm when…
- send a push notification to my iPhone when…
So, whereas scripts and expert advisors are "dropped onto" a chart, in indicator is "inserted into" a chart. It becomes an actual part of the chart.