The Market Watch module in FinStudio offers a highly customizable feature that enables users to display various technical indicators directly within the dashboard. This functionality allows traders to have immediate access to real-time analytical data, tailored specifically to their trading strategies and needs.

Adding an Indicator Column to Market Watch

Configuring Indicator Columns:

• Indicator Column Type: Users start by selecting the indicator type of column. This selection establishes the basis for the data that will be presented.

• Timeframe Selection: The next step involves choosing the timeframe for which the indicator will be calculated. This could be anything from a minute to an hour or longer, depending on the specific needs of the analysis. For example, selecting 'Hour' as the timeframe provides hourly updates of the indicator.

• Timeframe Period: Users specify the period for the selected timeframe. If 'Hour' is chosen, entering '1' would mean the indicator is calculated every hour.

• Price Type: This option allows traders to choose the price on which the indicator will be based—Bid, Ask, or Last traded price. Each option offers different insights, suitable for various trading tactics.

• Indicator Type: Finally, traders select the type of indicator they wish to add, such as the Relative Strength Index (RSI), moving averages, or others. This choice will depend on what aspect of the market the trader is focusing on.

• Parameter Configuration: After selecting the indicator, users will need to configure specific parameters that define how the indicator is calculated. This could include setting the length of moving averages or the overbought/oversold levels in oscillators.

• Adding to Market Watch: With the configurations set, users finalize the setup by pressing the 'Add' button. This action adds the newly configured indicator column to the Market Watch, where it will display updated values according to the settings.

Benefits of Using Indicator Columns

• Real-Time Analysis: By integrating indicators directly into the Market Watch, traders can monitor key signals and trends without needing to switch between different tools or charts. This real-time analysis is crucial for making timely decisions in fast-moving markets.

• Tailored Data Access: The ability to customize indicators according to personal trading strategies allows traders to view only the most relevant data, reducing clutter and focusing attention on signals that matter most.

• Efficient Trading Workflow: Having all necessary indicators in one view streamlines the trading process, enabling quick reactions to market movements and reducing the time needed to analyze separate charts.