Analyzer Escort column
(also available in the Discovery version)
The Analyzer Escort is a column that searches for signals for hundreds of instruments simultaneously.
Once signals that have occurred meet the requirements of predefined parameters within the Setup Escort, the Analyzer Escort will display them in the corresponding column.
If you make changes to the Entry Escorts list within the Activation tab of the Setup Escort, the scanner must be reloaded for the LCG or watch list.
The Analyzer Escort column is a part of the scanner and can be activated by adding the column in the:
- Watchlist (Main -> New -> Watch) or
- List chart group (Main -> New -> Chart container -> List chart group).
The image below shows how the Analyzer Escort column can be defined using the Column editor for the scanner:
When defining the Analyzer Escort parameters:
- Input the time frame in which signals should be scanned for;
- If you have several AnalyzerEscort columns within the scanner, we recommend that you change the header text so that the signals and the corresponding time frame can be recognized immediately.
- Signal Direction: Allows to set short or long signal direction. None parameter means that Analyzer Escort column would display both direction signals.
- Required bars count: In order to make a condition to be properly recognized inside the Scanner and also in the chart (when this condition is used as an indicator), the parameter Bars required has to be set to the same value in chart and in the scanner.
The image below demonstrates how the Analyzer Escort column looks within the scanner once applied to the chart:
The Analyzer Escort (AE) columns may have different colors:
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There is a posibilitty to change color for each signal in Condition Escort:
Historical signals are handled as follows!
In that case past signal would be displayed with color transparency 122 (out of 255).
The signals that should be scanned for within the Analyzer Escort must be activated in the Setup Escort (Activation tab) and configured (Configuration tab).
Furthermore, you can also set individual parameters (see image):
Signals with numbers in [] brackets
If you see a number in brackets then the signal has occurred in the past. The brackets show how many periods ago the signal occurred.
Please find further information about this in the Setup Escort: Activation tab section.
Signal accumulation
When several signals occur for the same instrument in the scanner then it is possible to view them by opening the drop-down list.
AnalyzerEscort and List chart group
If a signal for a list chart group is generated within the scanner you can submit the suggested setup to the market via:
- double-clicking the signal if AT++ is not activated, which will place a suggested setup to the chart and simultaneously activate AgenaTrader++;
- left clicking the signal if AT++ is activated.
The suggested setup is calculated according to the predefined parameters in the Setup Escort.
If you confirm the entry order and open a trade, AgenaTrader++ remains active and will manage the setup in the background even if you close the instrument window.
If you leave the chart without submitting a trade, AgenaTrader++ will stop and suggested orders will be deleted (but only if you activated the suggested setup by double-clicking).
Analyzer sessions
The Setup Escort allows you to place various Setup Escort: Analyzer sessions.
Analyzer sessions make it possible to achieve different performances for the same entry signal (setup) depending on market phases or asset classes (currencies, stocks, CFDs etc.). For example, a falling market has narrower stops than a steadily rising market.
To attach an Analyzer session to the Analyzer Escort column:
- Right click in the Analyzer Escort column to bring up the context menu
- Select the Assign AnalyzerSession menu item
- Choose between the available layers that have been determined in the Setup Escort as analyzer sessions.
This will change the heading of the Analyzer Escort column.
Now all signals will be calculated according to the criteria selected for the Analyzer session.
You can define the Analyzer session criteria within the Setup Escort.
Example
Important note! The condition's criteria and the time frame of the Analyzer Escort (AE) are crucial parameters for correct scanning.
Example
- Let's assume that there are two conditions, c1 and c2, without a fixed time frame (i.e. with "inherited time frame").
- C1 and c2 are absolutely identical.
- For each condition you use a particular scanner column in the AE within the following time frames:1 day for c1 and 1 week for c2.
- Assume that you create a further condition: "Both" conditions c1 (1-day-fixed) and c2 (1-week-fixed) are connected with an "OR" relation.
- This condition will be displayed in the 3rd column.
The result depends on the time frame in which the 3rd column is scanned! There are two possibilities:
1. You set 1 day as the main time frame for the AE:
If the "CalculateOnBarClose" parameter = True, then the previous day (yesterday) and the current week will be used.
2. You set 1 week as the main time frame for the AE:
If the "CalculateOnBarClose" parameter = True, then the last closed day (yesterday) and the last closed week (past week) will be used.
The "CalculateOnBarClose" parameter is important. If the setting is "true", the time point of the last closed bar will be used as a basis for estimation of time series (for the column to be calculated). If the last bar close occured 10 minutes ago, then all time series will be calculated at this point in time. The same implies to the current day, current week etc.
Further questions asked by users:
В: I have a condition with the 1-day time frame and scan this in the AE with the main time frame of 1 hour. What will happen?
О: The daily bar for the current day will be used.
В: Does this mean that if is it set to "bar close" then my condition will be updated every hour?
О: Yes.