Using markers with indicators

Mark some specific point or set of points on indicator's line

During indicators development, you may need to mark some specific point or set of points on indicator's line. For example, you want to mark the place, where two lines are crossing or place, where your algorithm find some bar pattern. Yes, you can use GDI+ drawings and OnPaintChart method, as we've shown in our previous topic, but Quantower API provides a more simple way to accomplish this.

Each indicator line contains method SetMarker, which allows you to assign some special style for the particular element in your indicator's line buffer. The most simple way is marking it via a specified color. This is an example of usage:

// Mark the current bar of first indicator line with Yellow color
LinesSeries[0].SetMarker(0, Color.Yellow)

We colored in yellow each tenth bar:

An example of color marker

Another way of marking is using icons. You can specify a type of icon, it's position and color. You can use the same overridden method SetMarker:

// Mark current bar with yellow color and flag icon in the top position
LinesSeries[0].SetMarker(0, new IndicatorLineMarker(Color.Yellow, IndicatorLineMarkerIconType.Flag));

Result is displayed on the chart:

An example of marker with icon

Let's create a little more useful indicator. For example - we will mark with a green up arrow, places where we have more than 5 growing candles in a row and mark with a red bottom arrow, in the case of 5 falling bars. This is source code implementing this logic:

/// <summary>
/// Calculation entry point. This function is called when a price data updates.
/// </summary>
protected override void OnUpdate(UpdateArgs args)
{
// Use open price as a source for our indicator
SetValue(Open());
// We are looking for 5 bars with same direction
int amountofBars = 5;
// Not enough data yet - skip calculations
if (Count < amountofBars)
return;
// Going though last 5 bars
int trendValue = 0;
for (int i = 0; i < amountofBars; i++)
{
// Is it growing bar?
if (Close(i) > Open(i))
trendValue += 1;
// Is it falling bars?
else if (Open(i) > Close(i))
trendValue += -1;
}
// If all 5 bars were growing - mark with green up arrow on bottom
if (trendValue == amountofBars)
LinesSeries[0].SetMarker(0, new IndicatorLineMarker(Color.Green, bottomIcon: IndicatorLineMarkerIconType.UpArrow));
// If all 5 bars were falling - mark with red down arrow on top
else if (trendValue == -amountofBars)
LinesSeries[0].SetMarker(0, new IndicatorLineMarker(Color.Red, upperIcon: IndicatorLineMarkerIconType.DownArrow));
}

And its visualization:

An indicator that use markers for trends

Using SetMarker functions you can simply mark important moments on your indicator. We are going to extend markers possibilities: add more new icons, add text and custom painting. And remember - you can always propose us your own ideas.