Signals Criteria

Last modified 10:31, 5 Nov 2012

Signals Based Criteria

mrktscan_srchcrtyp_signl.gifSignals extend the utility of Hi-Lites and Indicators by combining many individual elements into a narrowly focused trade specific tool.

Signals are created by HUBB Trading experts in order to detect certain market conditions. Each signal is based on a single indicator, the parameters of which are set to be triggered by specific market conditions, and each signal is given a name reflecting those objectives.

Often the same basic indicator will have two signals created for it, one set to detect Bullish, and the other to detect  Bearish, market behavior. Some indicators have more than two signals.

Creating a Signals Type Criteria Expression

To use a signal as a scan criteria expression, first select a Signals criteria type from the Signals group of the Available Criteria list:

mrktscan_sigscrit_exampl1.gif

Each signal type is named for the Indicator upon which the Signal is based.

Select Signal Type

Each signal type will have a number of signal variants, for example Bullish or Bearish, they will be listed in the Signal Parameters area. Select the Signal most appropriate for your scan criteria.

Many signals also allow some of the underlying indicators' parameters to be adjusted for that signal. Use the controls in the Indicator Parameters area to change these to suit your own trading style or current market conditions, or simply accept the defaults.

Once a signal has been selected, it will be included in the Selected Criteria list together with a concise description of its Parameters.

It can be deleted in the same way as other criteria expressions, by use of the Remove button or the Delete key.

Create as many signals based expressions as you wish, they will be listed along with the other expressions in the Criteria Expressions List. The more Signals that are added the more stringent the scan becomes and the fewer the results that can be expected.

Select Signal Parameters

Signals type criteria are usually grouped as opposites, for example Bullish/Bearish, Long/Short, Overbought/Oversold, etc.

When these are mutually exclusive they will have "radio buttons" that restrict the ability to select more than one, others have square check boxes that allow multiple selection.

Exclusive Selection

Multiple Selection

mrktscan_sigscrit_excluslct.gif

mrktscan_sigscrit_multislct.gif

Signals: Mov Avg - Simple - Example

Signals: Stochastic - Example

Adjust Underlying Indicator's Parameters

The Indicator Parameters area contains the same values that are found on the Parameters tab of each Chart Indicator's Properties dialog box.

The number and type of parameters that can be set depends on the Indicator and ranges from none, for example for Volume Momentum, to up to five for Relative Strength Index.

The Indicator Parameters for scanning are set in exactly the same way as for the Indicators themselves. For more information on these settings, go to the individual indicators' help topics.

Signals Scan Results Display

When there are scan results using signals, a symbol's chart opened from the scan results table will display both the price chart and the indicator associated with the signal.

If more than one signal are included in the search criteria, all the indicators will be displayed along with the price chart.

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