Analysis Tools. New version of the TeleTrader Language. Intuitive dialog for inserting and adjusting indicators and signals

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Walter Blankenship
5 years ago
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In addition, the Pivot Points and Fibonacci drawing tools have been enhanced, price lines can now be inserted on the chart, and Time and Sales documents have been adapted to also show data for

1 TeleTrader Professional Version 8.0 introduces an entirely new version of the TeleTrader Language and the Analysis Tools interface. Inserting, adapting and creating indicators and signals is now even more comfortable in TeleTrader Professional. In addition, the Pivot Points and Fibonacci drawing tools have been enhanced, price lines can now be inserted on the chart, and Time and Sales documents have been adapted to also show data for multiple symbols. The Highlights New version of the TeleTrader Language for creating custom indicators and signals Multiple Pivot Points on one chart, with additional time compressions and calculation methods Fibonacci Expansions as extension to the existing Fibonacci Retracements Displaying a price line representing various time series values on a chart Multi-symbol Time and Sales documents Using you standard software to send documents and images to friends Analysis Tools New version of the TeleTrader Language TeleTrader Professional 8.0 comes with an entirely reworked Analysis Tools subsystem, featuring a redesigned programming language for writing custom studies. Inserting studies on a chart is now much easier because of the new Insert Study dialog that allows you to configure every detail of a study before you insert it. The new TeleTrader Language lets you easily manipulate existing indicators and signals and gives you the flexibility to create your own custom studies. Even complex trading systems can be represented with this new version of Professional's programming language. Intuitive dialog for inserting and adjusting indicators and signals The Insert Study dialog allows you to adjust the bases, parameters and appearance of a study before you insert it into the chart. You can: Configure the symbols on which the study is based on Adjust the parameters of the study Change the appearance of the study (colors, styles) Display the source code and detailed information about the chosen study 1/11 June 2009

If you want to change the default settings for a study, you can do so in the new Study Editor. To open it, use the menu command Tools > Study Editor.

Indicators and Signals. For this, corresponding tabs are used. To see a list of all studies regardless of their type, use the All tab.

You can also define some studies as Favorites and assign custom tags to a study (free text). To find a specific study, a comprehensive search function has been added to the dialogs.

2 If you want to change the default settings for a study, you can do so in the new Study Editor. To open it, use the menu command Tools > Study Editor. Better overview of available studies with categories, tags and a comprehensive search In the Insert Study dialog and the Study Editor, all available studies are now divided into two main categories, Indicators and Signals. For this, corresponding tabs are used. To see a list of all studies regardless of their type, use the All tab. In addition, all studies have been grouped into categories and assigned one or more tags. You can display the list of studies alphabetically (A Z) or grouped by Category or Tag. You can also define some studies as Favorites and assign custom tags to a study (free text). To find a specific study, a comprehensive search function has been added to the dialogs. You can find a study by typing its name, category, tag or function name in the search field at the bottom of the study list. TraderBars and TraderMarks are now Signals In the new TeleTrader Language, TraderBars and TraderMarks have been substituted by Signals. Additionally, several candlestick pattern recognition signals have been combined in one single indicator: The Candlestick Pattern Recognition indicator shows several independent patterns (Hammer, Hanging Man, Morning Star, Evening Star, Shooting Star, Dark Cloud, Bearish Engulfing, Bullish Engulfing) as one indicator. The different patterns are indicated with an arrow and a tag with the name of the pattern. Some "mirror signals" (signals where Bearish and Bullish patterns are available) have been consolidated into a single study. To plot signals on the chart, the new Marker study objects are used (see below). New possibilities for visualization: Line, Area, Marker For plotting studies on the screen, the following visualization techniques are used: Lines: Displayed on the chart as a single line Areas: Displayed on the chart as a shaded, transparent area with two lines at the borders 2/11 June 2009

Markers: Displayed on the chart as a combination of two arrows (up/down arrow and price arrow) and marker text Comprehensive support for creating custom indicators and signals With the Study Editor

Your own studies can be protected with a password or sent to another Professional user with a time limit.

3 Markers: Displayed on the chart as a combination of two arrows (up/down arrow and price arrow) and marker text Comprehensive support for creating custom indicators and signals With the Study Editor you can easily manipulate and adapt existing studies and create new custom studies with the TeleTrader Language. Your own studies can be protected with a password or sent to another Professional user with a time limit. The new Source Editor lets you concentrate on the source code of your study by removing all interface elements that are not related to programming. Calculation and drawing is done in the same place In previous versions of the TeleTrader Language, you had to distinguish between Functions on the one hand and Indicators, TraderBars and TraderMarks on the other hand. You used Functions to calculate results, and then created an Indicator, a TraderBar or a TraderMark to plot the results on the screen. In the new TeleTrader Language introduced with TeleTrader Professional 8.0, all calculations and drawing operations can now be done in the same place. You can simply create a new study, add the code that is needed to calculate a result, and then plot the results on the screen using the new drawing functions. Language syntax is now more intuitive and offers additional possibilities The syntax of the TeleTrader Language has been changed to make it easier to use. For example, you now don t have to end an If statement with an END_IF marker. As there have been many similar syntax changes, we advise you to have a closer look at the new Analysis Tools manual that can be accessed by clicking Help > Analysis Tools on the menu. Some major points to consider: Plotting in the future: You can now also access all available future bars in your calculations (bars to the right of the current bar). Several new built-in functions have been introduced, such as the drawing functions to plot lines, areas and markers, or the date / time functions to access the current system date and time or the date and time of the current bar. Two modes to calculate studies after bar or after tick All indicators and signals can now be calculated after each tick, as implemented in previous versions, or after each bar. If you choose calculation after each bar, studies will only be recalculated at the end of each period. This solution drastically improves performance, especially on complex algorithms. The calculation type can be defined for each study individually from within Study Editor and/or Insert Study Dialog. 3/11 June 2009

$Automatic backup of Custom Studies Before Saving All custom studies from within the Study Editor, an automatic backup is being created in C:\Users\[user]\AppData\Roaming\Professional\ and called$ Additionally to daily and intraday Pivot Points, the levels can now also be calculated on a weekly and monthly basis.

Additionally to daily and intraday Pivot Points, the levels can now also be calculated on a weekly and monthly basis.

4 Automatic backup of Custom Studies Before Saving All custom studies from within the Study Editor, an automatic backup is being created in C:\Users\[user]\AppData\Roaming\Professional\ and called UserStudies.bak. Drawing Tools Multiple Pivot Points on one chart, weekly and monthly Pivot Points You can now display multiple Pivot Point levels with a different time basis on one chart. Additionally to daily and intraday Pivot Points, the levels can now also be calculated on a weekly and monthly basis. The calculation method for the Pivot Points levels can be chosen from five different popular methods: Classic Pivot Points, Floor Pivot Points, Woodie s Pivot Points, Camarilla Pivot Points and Fibonacci Pivot Points. Fibonacci Expansions In addition to Fibonacci Retracements, you can now also draw Fibonacci Expansions on a chart. Fibonacci Retracements and Expansions both start with a trend line (base line) and divide it into the socalled Fibonacci levels. When using Fibonacci Expansions, the horizontal lines at those levels are believed to provide support / resistance when the price starts to move into the opposite direction of the current trend, but later reverses into the original direction. To draw Fibonacci Expansions: 1. Click on the arrow next to the Fibonacci Retracements icon on the Drawing toolbar, and then click on the Fibonacci Expansions icon: 2. Click on the chart at the first reference point of your base line (A) and hold the mouse button down. 4/11 June 2009

5 3. Move the mouse pointer to the second reference point of your base line (B) and release the mouse button. 4. Click on the third reference point (C). You can also convert Fibonacci Retracements to Fibonacci Expansions and vice versa by simply dragging the third reference point of a Retracement to the desired level. To revert to the Retracement just drag the third reference point horizontally to the second reference point. The conversion is being visualized immediately. Converting a trend channel to a single trend line You can convert an existing trend channel to a single trend line. Double-click on the visibility point of one of the parallel lines of the channel. This line will be deleted the other line is left as a single trend line on the chart. Changing the breadth of a trend channel You can change the distance between the two lines of a Trend Channel by clicking on a reference point, holding down the Shift key and dragging the line to its new position. The direction of the channel will not be changed. Positioning reference points with the keyboard on overlapping bars You can position reference points of drawing tools on overlayed bars with the keyboard commands O(pen), H(igh), L(ow) or C(lose). The reference points are moved to the highest or lowest value of the overlapping bars when using H or L, or to the first bar or last bar when using O or C. Symbol Search Option to search for ceased symbols The option to search for ceased symbols (for example expired futures contracts) has been integrated into the Symbol Search dialog. DDE Exporting data to your spreadsheet software with date / time restrictions In addition to the date parameters (S=TTMMJJJJ and E=TTMMJJJJ), new date / time parameters have been added to the DDE syntax. With them, you can specify the start and end date / time for a time region in the ISO format YYYY-MM-DDThh:mm:ss. For example: =ProfDDE History!'MSFT_0FSPC,MIN5,DATE,TIME,PCLOSE,Sdt= T19:00:00,Edt= T20:00:00,R' 5/11 June 2009

QuickBar Opening symbols from the QuickBar in specific documents and searching for related symbols When opening a single symbol from the QuickBar, you can right-click on the symbol to choose which

Chart Displaying a price line representing various time series values You can now display the level of the last trade price or various additional values (bid, ask, high etc.

Choose which prices should be displayed and adapt the properties of the price line, such as its color and the label used to mark the price level on the vertical price scale.

6 QuickBar Opening symbols from the QuickBar in specific documents and searching for related symbols When opening a single symbol from the QuickBar, you can right-click on the symbol to choose which type of document will be opened (Chart, Price Page, Market Depth etc.). You can also search for related symbols with the same ISIN in this menu. Chart Displaying a price line representing various time series values You can now display the level of the last trade price or various additional values (bid, ask, high etc.) as a horizontal line in the chart. Choose which prices should be displayed and adapt the properties of the price line, such as its color and the label used to mark the price level on the vertical price scale. If you display more than one price, you can also color the area between them. The price line is always based on current daily data and is adjusted with every new tick. Custom Settings can be stored in a chart template. To show a price line at the level of current prices: 1. Right-click on the chart and select Properties. 2. On the left side of the dialog, select the name of the chart pane, the name of the symbol and then Price Display. For example: Pane 1 > ATX > Price Display. 3. On the right side of the dialog, select the check boxes next to the prices for which you want to show a price line Note: All price related V-Scale labels can now be controlled from within Chart Properties/Price Line. Labels for studies (Indicators, Signals) can be edited from within Chart Properties/Label. 6/11 June 2009

7 Open overlaid charts and multiple panes from within context menu Having multiple symbols selected or in scope, you can now open charts from within the context menu with additional shortcuts: Ctrl: Opens one chart document with one pane, showing all symbols as overlay Ctrl+Space: Opens one chart document with one pane for each symbol Changing the type of the price scale from the Chart toolbar You can now choose the type of price scale (linear, logarithmic or percentage scale) from the Chart toolbar by clicking on the arrow next to the Chart Type icon: The Performance chart type has been removed. It can be replicated by using a Percentage Vertical Scale in combination with any other chart type. Maximize/Minimize detached windows with a shortcut The shortcut Shift/Shift to maximize/minimize windows can now be applied to detached documents. Price Page Alternate colors and automatic marking of old quote data In price pages, you can now use an alternate color for every second row and automatically mark quotes that are not from the same day with a different color and font. Both changes can be made on the Font tab in the Price Page Properties dialog, which you can access by right clicking on the price page and choosing Properties. To use alternate colors for every second row: 1. On the Font tab, activate the check box Use Alternate Color 2. Choose the foreground and background color for every second row from the dropdown menus To mark old data on the price page: 1. On the Font tab, activate the check box Use different Color and Fonts if last trade or quote is not from today 2. Choose the Font style and color from the dropdowns below this option 7/11 June 2009

Defining default colors for price page headers You can define default colors for the headers inserted in a price page. This information can also be saved in the price page template.

On the right side of the dialog, choose the Foreground and Background color for all headers of this price page.

8 Defining default colors for price page headers You can define default colors for the headers inserted in a price page. This information can also be saved in the price page template. To define the default header colors: 1. Right-click in the price page and choose Properties. 2. On the left side of the dialog, select Header. 3. On the right side of the dialog, choose the Foreground and Background color for all headers of this price page. Time and Sales Displaying multiple symbols in one Time and Sales document For markets with little trading activity it can be useful to display bids, asks and trades for more than one symbol in one Time and Sales document. Therefore, the Time and Sales document has been extended to show multiple symbols in parallel. The chosen symbols are displayed in an overview on top that can be adjusted like a price page. In the Time and Sales pane, you can choose to display bids, asks and trades for all symbols or only for the currently selected symbol. To show time and sales data for all / selected symbols: 1. Right-click in the time and sales view and select Show All Symbols or Show Selected Symbols. 2. The row headers of the price page view will show a red arrow when only the time and sales data for the selected symbol is displayed. or 1. Double-click on the arrow in the row header to immediately Show All Symbols or Show Selected Symbol. 8/11 June 2009

9 You can add and remove symbols just like in a price page, or in the Properties dialog under Symbols. In the Properties dialog, you can also assign a different color to every symbol. Time and Sales documents that have been created with previous versions of TeleTrader Professional are converted to the new layout automatically. Market Depth New columns Bid_Count and Ask_Count We added new Market Depth fids for: Bid_Count: Number of orders of bids in Market Depth Ask_Count: Number of orders of asks in Market Depth Miscellaneous Using you standard software to send documents and images to friends As an alternative to using the built-in client (which has to be configured manually), you can now also use your standard software to send documents and images to your friends. To choose your standard software for sending s, click Use Default Client on the File > Send menu. To send an of a document: 1. On the File menu, click Send 2. Choose one of the options presented there: Image: Send an image of the active chart (this option is not shown for other documents) Document as Attachment: Send the active Professional document as an attachment Virtual Page as Attachment: Send the current virtual page file as an attachment Workspace as Attachment: Send the current workspace file as an attachment s which are triggered by alerts will still be sent using the built-in client. Additional preconfigured mail service provider We added MobileMe and GMX settings to our preconfigured list of service providers to Tools/Options/E- Mail Settings. New shortcut for the menu command Copy Window The shortcut Ctrl + Alt + C has been added for the menu command Window > Copy Window which creates a duplicate of the active document. Automatic adaptation of document size when Professional main window is resized When the size of the Professional mainframe is changed, all documents that are currently displayed are resized automatically, so that their relative size on the screen is preserved. To deactivate automatic resizing: 1. On the Tools menu, click Options 2. On the General pane, clear the Automatically resize documents check box. To temporarily suppress resizing: 1. Press and hold Ctrl while changing the mainframe s size. Exporting and importing virtual pages You can now save single virtual pages on disk and import them into existing or new workspaces. To save a virtual page to disk: 1. On the File menu, click Export Virtual Page 2. Choose a file name and location for the virtual page document and click Save 9/11 June 2009

10 To import a virtual page into a workspace: 1. On the File menu, click Import Virtual Page 2. Choose the Virtual Page document (*.wksv) that you want to add and click Open 3. The virtual page is imported and positioned behind the last existing virtual page of the workspace Extended support of multi monitor environments On multi monitor systems, new documents are opened on the screen that the mouse pointer is positioned on at the time of opening. The default size of a document depends on the screen size of this monitor. Disabled Intraday/Tick Data Export for symbols on specific exchanges Due to CME policy changes, intraday/tick data export has been disabled for the following exchanges: ECBOT & ECBOT Mini CBOT OA CME RTH, CME EMini, CME Globex Bug Fixes / Resolved Issues The following bugs have been fixed in TeleTrader Professional Version 8.0: On the vertical scale of additional panes, price markers were not displayed When using the crosshair mode or moving the reference point of a drawing tool on a chart with two price scales, the position marker was not visible on the second scale When using a chart connected to a price page, clicking the button Delete all draw tools did remove all drawing objects within the active chart, not just the ones connected to the visible time series When changing the time compression or plot type of a chart, the chart display jumped to the oldest data When using Smart Symbol Search, the default search settings were overwritten with the Smart Symbol Search settings Smart Symbol Search can now also be used from within Change Symbol Dialog When drawing Fibonacci arcs, the Fibonacci levels were drawn in reverse order The menu command Window > Set Virtual Page Layout As did not correctly rearrange virtual pages. When starting Professional from the command line, the number of parameters / symbols that could be passed was limited Removed the functionality to Disable non trading days in charts Removed the functionality to Automatically insert decimal point in prices entered by user in Tools/Options/General Removed the functionality to open a New Window from within the Window menu. Workspaces with documents created by this functionality will not show the appropriate document in Version 8.0. Due to changes in the new Analysis Tools interface, we removed the functionality to Automatically pick color for line study objects. A single color is now being used for all background types. Moved the functionality to Change the color of the last bar as new ticks come in from Tools/Options/Charts to Tools/Options/Charts/Document Defaults 10/11 June 2009

11 Minimum System Requirements Hardware Operating System PC with 1,66 GHz or higher Windows 7 (recommended) Windows Vista, Windows XP Windows NT 4.0 (supported) RAM Free Disk Space Internet Connection Firewall All operating systems need MS.NET framework and the most recent service packs. Some functionalities of TeleTrader Professional need components from Microsoft Internet Explorer 5.5 (or higher). 1 GB We recommend at least 2 GB for large time series or a high number of charts and time and sales documents. ca. 80 MB of free hard drive space for a complete installation Persistent Internet connection with a recommended bandwidth of at least 64 kbps Either port 80 or 2088 (TCP) needs to be open for the connection to the market data server. Personal firewalls have to be set up to allow traffic for TeleTrader Professional. Documentation and Support For further information, please consult the documentation accessible over the Help menu or visit us at If you have any questions, contact our support team: On the Help menu, click Online Support and enter your problem as detailed as possible Send us an at support@teletrader.com please include your Professional user name! Call our hotline on (Austria) or (Germany) between 8:30 AM and 6:00 PM (Central European Time) 11/11 June 2009

The option Using Template that was used in previous versions has been removed.

The option Using Template that was used in previous versions has been removed. TeleTrader Professional Version 8.1 introduces the new VWAP tool which lets you include the Volume Weighted Average Price in price pages. In addition, the integration of an RTD component offers an additional