Easylanguage Essentials Pdf
Easylanguage Essentials Download
Easylanguage Essentials Pdf
Easylanguage Essentials Online

Do you want to know how to add text EasyLanguage on the chart with TradeStation automatically?

The Easy2C® translators contain a syntax analyzer, a EasyLanguage to tertiary converter, and a tertiary to C# converter. The syntax analyzer scans the EasyLanguage input file for syntactic errors and generates a listing file of the EasyLanguage program. Any syntactic errors will be flagged with detailed English messages in the listing file.

Oct 27, 2019 EasyLanguage is an easy-to-learn, but powerful, computer programming language for creating technical in-dicators and trading strategies for the TradeStation trading platform. EasyLanguage is designed by traders, for traders, to de scribe trading ideas to a co mputer in plain English-like.
If you are planning to experiment with these codes, it is essential to read one or more of John Ehler's books from where they were compiled. It is important to understand what you are working with, otherwise you are driving blind.

This EasyLanguage tutorial is made for you! Follow step by step what we will show you and you will be able to create a beautiful indicator that will automatically insert the text on your graphics.

To do this we will use the reserved word in easylanguage “Test_New”.

The indicator will follow the trend of a 14-period RSI and will signal the OverBought and OverSold areas.

Insert the Lenght for the RSI calculation – 14 is the standard value

The RSI_Value contains the RSI calculations

This is the calculation formula for the RSI – 14 periods

The condition is simple; when RSI is under 30 the indicator adds the text

Value1 is the variable that contains the text
Text_New is the EasyLanguage Reserved Word:

Value1 = Text_New(BarDate, BarTime, Price, “MyText”)

Easylanguage Essentials Pdf

In this example we’re using:
BarDate = Date — Actual date
BarTime = Time — Actual time
Price = Low — Add text at Low Price for oversold and at High Price for OverBought

Text_SetColor(Text_ID, Color)

With the Reserved Word Text_SetColor you could choose the color.

Text_SetStyle(Text_ID, Horiz, Vert)

With the Reserved Word Text_SetStyle you could choose the horizontal and vertical placement settings for the text object.

Horizontal:
0 = To the right of the bar
1 = To the left of the bar
2 = To the center of the bar

Vertical:
0 = Beneath the price
1 = Above the price
2 = Centered on the price

MORE FREE EASYLANGUAGE TUTORIALS HERE

How to avoid unnecessary text repetitions

The RSI indicator can remain overbought or oversold for numerous bars. The indicator will then add the text in each bar, creating a useless repetition.

To avoid this problem we will have to create an additional filter. For example, we will add the text only when the RSI changes from normal to oversold or overbought.

With these modifications, the text is added only when the change passes from normal to oversold or overbought.

More from Finance Strategy System

EasyLanguage
Influenced by
Filename extensions	.eld
Pascal^[1]

Easylanguage Essentials Download

EasyLanguage is a proprietary programming language that was developed by TradeStation and built into its electronic trading platform.^[2] It is used to create custom indicators for financial charts and also to create algorithmic trading strategies for the markets. External DLL's can be referenced using EasyLanguage which greatly extends its functionality.

The language was originally intended to allow creation of custom trading strategies by traders without specialized computer training. Simple practical commands may consist of regular English words, which makes some of the basic elements of EasyLanguage more intuitive to learn than more complex programming languages.^[3]

Easylanguage Essentials Pdf

Example:

Plain English: 'If the close is greater than the high of 1 day ago, then buy 100 shares at market.'
EasyLanguage: 'if the Close > the High[1] then Buy 100 shares next bar at market;'

While rudimentary commands can be executed using plain language expressions, computer programming experience is generally required to take full advantage of the more sophisticated algorithmic features of Object Oriented EasyLanguage (OOEL), which has been influenced by Object Pascal, C#, and C++ and makes extensive use of classes and dynamic-link libraries.^[4]

References[edit]

^'EasyLanguage® Books'.
^'Archived copy'. Archived from the original on 2009-11-21. Retrieved 2009-11-26.CS1 maint: discouraged parameter (link) CS1 maint: archived copy as title (link)
^Easylanguage: domain specific language for trading stocks (2007-04-16), Lambda the Ultimate: The Programming Languages Weblog
^'OOEL'. Retrieved 2021-02-26.CS1 maint: discouraged parameter (link)

External links[edit]

Easylanguage Essentials Online

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