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Technical Analysis
Using Formulas in CQG

Traders can move beyond the well-known technical studies by writing their own custom formulas through CQG’s Define User Formulas window.

On the window, you can create and edit five formula formats. You can also select and modify them through the Formula Toolbox. You do not need to learn a complicated language to write your own studies.

The Formula Toolbox lists all arithmetic operators, bar values, current studies, mathematical functions, current conditions, user values, and trading systems available for creating new formulas.

 

Available Formats

  • QFormulas or Quote Formulas: Define specific market spreads, such as the energy "crack" spread, the soybean "crush," gold/silver ratio, interest rate spreads, butterfly spreads, Eurodollar strips, and more. You can convert London Metal Exchange quotes into COMEX-equivalent prices. More than 200 formulas are supplied. To observe any spread, open a new chart and enter the Q number.
  • Conditions: Define specific technical situations, such as high-volume bars, study criteria met (for example, RSI > 75), reversal bars, and more. Conditions are used to color or place markers over price bars. More than thirty conditions are supplied.
  • User Values: Set conditions that return specific values, and use those values with other formulas and functions.
  • Custom Studies: Develop indicators based on specific technical market actions using inputs you select from the Formula Toolbox. Name the study and add it as a button to your study collection display on the toolbars.
  • Custom Sessions: Design sessions specific to your trading strategies.
  • Trading systems: Take advantage of CQG’s backtesting modules, including the Entry Signal Evaluator, Trade System Optimizer, and backtesting capability. CQG trading systems are well-suited for customers who want to test procedures and technical setups on historical data.
Related
CQG Trader
CQG Integrated Client
Custom Studies
Extended Historical Data
Markets Covered
Standard Studies
TFlow®
 

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