Overview
Trade indicators are measures (typically numeric) which are used to gauge whether an asset is a good buy (or sell). Indicators include standard measures such as moving averages or momentum, but can include more complex measurements such as the results of a machine learning algorithm.
Most market datasets will not include indicators in the dataset, they must be calculated and appended to the records.
Tools
There are multiple ways to calculate an indicator. The most flexible way to calculate a set of indicators involves writing basic scripts that perform the calculation and appends the results to the relevant records. As an alternative, an app may be used to perform the calculation without scripting.
- Scripting Indicators - shows how to create a set of indicators using code.
- Market Indicators App: is an app for adding a set of chosen calculated indicators onto a dataset without having to script.