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In the Scripts module, the Parameters page for Indicators allows users to customize the various aspects of each indicator. The configurations on this page are divided into several sections to provide detailed customization options.

 

Sections in the Parameters Page

  1. General Settings

  2. Plots

  3. Levels

  4. Visual Settings

General Settings

This section contains the primary configurations for the indicator's calculation and behavior.

  • Number of Standard Deviations: Sets the number of standard deviations used in the calculation of the indicator.

  • Moving Average Type: Allows the selection of the type of moving average to be used (e.g., Simple, Exponential).

  • Period: Defines the period over which the indicator calculations are performed.

 

Plots

The Plots section provides options to customize the visual representation of the indicator on the chart. It allows users to define the style, color, and other properties of different components of the indicator.

 

Middle Band
  • Plot Style: Options include Line, Point, Histogram, etc.

  • Auto Color: A toggle to enable or disable automatic color assignment.

  • Color: Manually set the color for the plot.

  • Width: Adjust the width of the plot lines.

  • Dash Style: Choose between Solid, Dashed, Dotted lines.

  • Draw Marker on Axis: Toggle to draw markers on the axis.

 

Upper Band
  • Plot Style: Options include Line, Point, Histogram, etc.

  • Auto Color: A toggle to enable or disable automatic color assignment.

  • Color: Manually set the color for the plot.

  • Width: Adjust the width of the plot lines.

  • Dash Style: Choose between Solid, Dashed, Dotted lines.

  • Draw Marker on Axis: Toggle to draw markers on the axis.

 

Lower Band
  • Plot Style: Options include Line, Point, Histogram, etc.

  • Auto Color: A toggle to enable or disable automatic color assignment.

  • Color: Manually set the color for the plot.

  • Width: Adjust the width of the plot lines.

  • Dash Style: Choose between Solid, Dashed, Dotted lines.

  • Draw Marker on Axis: Toggle to draw markers on the axis.

 

Levels

In this section, users can add, delete, and configure different levels within the indicator. This is often used to set thresholds or specific marker levels.

  • Add New Level: Button to add a new level.

  • Delete Level: Button to delete an existing level.

  • Level Settings: Customize the level settings such as value, color, and style.

 

Visual Settings

The Visual Settings section allows users to configure how the indicator is displayed on the chart.

  • Auto Scale: Toggle to automatically scale the indicator.

  • Min Value at Scaling: Define the minimum value for scaling purposes.

  • Max Value at Scaling: Define the maximum value for scaling purposes.

  • Y Axis Position: Choose the position of the Y axis (Overlay, Left, Right).

  • Price Type: Select the type of price data to use (e.g., Close, Open, High, Low).

  • Visible: Toggle the visibility of the indicator.

 

This structure allows users to fine-tune each indicator according to their specific trading strategies and visual preferences.

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