Quick Question About Tradestation Indicators

[trbates]

Hello,

I just wrote one of my first working indicators in TradeStation (its a very simple pivot point indicator) However, my question is ... Tradestation always puts the value of the indicator on the price axis, does anyone know how to get rid of this? (The green circled values in the picture are what I'm talking about)

I tried in the "Format Analysis Techniques" section and disabled the "Display Update Indication" option but it doesnt work.

Anyone else have any luck getting rid of these indicator values?

Thanks

Travis

[bakrob99]

Right Click on the indicator's line or whatever it is on the chart - change the Scale to NO AXIS.

[trbates]

Thank for the speedy response ... Though, when I change the scale to "no axis" it changes the value of the indicator. I tried on a standard indicator (not written by me) and on my pivot points. They both changed values...

Am I just doing something wrong?

Thanks again, I really appreciate the help thus far

Travis

I'll attach pictures so you can see what I mean. The first is with scaling, and the second is without.

[thrunner]

Originally Posted by trbates I tried in the "Format Analysis Techniques" section and disabled the "Display Update Indication" option but it doesnt work.

You were on the right track. You have to do that for each plot and it looks like you have several.

You really can't use scaling to no axis and expect a correct value because the plots will be 'floating' with respect to the symbol.

[thehaul]

I know you're looking to fix your scaling issue but I use a plot cycle average that is similar. It might help...? It definitely shows the zero point of the market for whatever resolution you're looking at. It's not a stand alone solution but in the photo it looks like it could be! But, I use MAs, S&R, Murray Math and pivots to determine high probability trades. There's two lengths of the average is in the 2nd pane (lower), the cyan and yellow stair stepping lines. I look for confluence between two of my criteria in order to get in. See how price retraced to the yellow average (on bottom chart) and murray math agreed (long wick in overnight session). Also on the 5 min chart on top price retraced to the MA and murray math also agreed! Best of luck!

inputs:
len (4);
variables:
theavg(0),
highBarsAgo(1),
possibleHighBarsAgo(1),
possibleHigh(-2),
hightoBeat(-1),
barsSincePaint(1),
lowBarsAgo(1),
possibleLowBarsAgo(1),
possibleLow(10000001),
lowtoBeat(10000000),
triggerPriceSell(-1),
triggerPriceBuy(1000000),
trend(1),
_UP(1),
_DOWN(-1),
_ON(1),
_OFF(-1),
s_low(1),
s_high(1);

//************************* ************************* *
//****** Find and plot the highest swing high *******
//************************* ************************* *
if trend = _UP then begin

if swingHighBar(1,H,2,barsSi ncePaint+2) > -1 then begin
possibleHighBarsAgo = swingHighBar(1,H,1,barsSi ncePaint+2);
possibleHigh = H[possibleHighBarsAgo];
end;

if possibleHigh >= hightoBeat then begin
highBarsAgo = possibleHighBarsAgo;
hightoBeat = possibleHigh;
triggerPriceSell = L[HighBarsAgo - 1];


end;


if C < triggerPriceSell and
highest(high,highBarsAgo) < hightoBeat then begin
//plotpb[highBarsAgo](H[highBarsAgo],L[highBarsAgo],"");
trend = _DOWN;
barsSincePaint = highBarsAgo-1;
hightoBeat = -1;
lowtoBeat = 10000000;
triggerPriceBuy = 10000000;
triggerPriceSell = -1;
highBarsAgo = 1;
possibleHigh = -2;
s_high = L[HighBarsAgo - 1];
theavg = average((( s_low + s_high) /2 ), len);
end;

end;

//************************* ************************* *
//****** Find and plot the lowest swing low *********
//************************* ************************* *

if trend = _DOWN then begin

if swingLowBar(1,L,2,barsSin cePaint+2) > -1 then begin
possibleLowBarsAgo = swingLowBar(1,L,2,barsSin cePaint+2);
possibleLow = L[possibleLowBarsAgo];
end;

if possibleLow <= lowtoBeat then begin
lowBarsAgo = possibleLowBarsAgo;
lowtoBeat = possibleLow;
triggerPriceBuy = H[LowBarsAgo - 1];
end;


if C > triggerPriceBuy and
lowest(L,lowBarsAgo) > lowtoBeat then begin
//plotpb[lowBarsAgo](H[lowBarsAgo],L[lowBarsAgo],"");
trend = _UP;
barsSincePaint = lowBarsAgo-1;
possibleLow = 10000001;
lowtoBeat = 10000000;
hightoBeat = -1;
triggerPriceBuy = 10000000;
triggerPriceSell = -1;
lowBarsAgo = 1;
s_low = H[LowBarsAgo - 1];
theavg = average((( s_low + s_high) /2 ), len);
end;

end;


Plot3(theavg, "Avg" ) ;

barsSincePaint = barsSincePaint+1;
if trend = _UP then highBarsAgo = highBarsAgo + 1;
if trend = _DOWN then lowBarsAgo = lowBarsAgo + 1;