Module 1: Starting to Program
Module 2: Indicators and Functions
Module 3: Variables
Module 4: Inputs
Module 5: Exit Techniques
Module 6: Stop Orders and Limit Orders
Module 7 Using Multiple DataStreams in a Strategy
Final Strategy Coding Project
Module 8: Plot Studies and Their Uses
Module 9: Writing to Files
Module 10: How to Code Your Own Indicators and Functions

Why Use Multiple Data Streams?

In this Brief Lesson We'll Cover:

In Easylanguage we can use more than one data stream to generate signals. In fact, you can reference several markets, timeframes and instruments in one strategy, which opens the door for strategies that profit from intermarket relationships or that just draw support from a higher timeframe.

Why Use Multiple Data Streams?

One of the most common applications is to use a daily chart as the second data stream together with a minute chart. That way you get access to a higher timeframe which will often reveal patterns that aren’t distinguishable on the lower timeframe.

Another common application for multiple data streams is to trade one market depending on what happens in another market. These types of trading strategies are also referred to as “inter-market trading strategies”.

In the coming lesson, you’ll learn how to use multiple data streams in Easylanguage.


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