Title: Indicator Formula vs Chart
After playing around with 4.64 for little, I am overall happy with the changes and glad that Tomasz has released it. There is one change that might cause me some grief however, and it does pertain to the Apply function some have been complaining about. In my case, it is not so much the Apply button, but the model being used for building/editing charts. Since I do a lot of experimenting, I would prefer my chart/view/setup not have a direct link to my indicator formulas after they (indicators) have been added to the chart. In that way, I can do all the testing and experimenting I want, without affecting my indicators that I work so hard to create ( not! ).
Anyway, just for discussion purposes and perhaps to stimulate some constructive conversations and thoughts that may help in improving AB, I submit the following outline of how I would ideally prefer AB to handle Formulae and Charts (this of course, is subjective).
Indicator Formulas
· Considered reusable components
· When added to a chart, there should be no reference to the original “component”. It should be considered an “instance”.
o The advantage of this is that you can make changes without affecting the core formula.
o You can add and configure as many of the same formula to a chart you want, without having to worry about (inadvertently) changing the source Indicator itself.
Setup/Scenario Formulas: A chart setup (“view”) based on what your trading needs/goals are.
· It is a collection of indicators/studies and price series (a setup) based on what your requirements are. For a Weekly view, you have one setup, for a daily another, for trading the e-minis you have another or for scalping you may have another.
· Basically a Setup would be it’s own separate entity (formula/script) which maintains no direct reference to the indicator formulas that make them up.
· If these could be saved much like Formulas, then we solve the problem of worrying about changing our source formulas.
· Formulas added to the Setup become a part of the Setup and n
· AB has the concept of Templates and Layouts…these are approximation of what I am talking about. Right clicking and editing a pane should allow me to edit those (the template/layout/setup), not the source formulas…again, the concept of Instance vs. source object.
Check AmiBroker web page at:
http://www.amibroker.com/
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