Alright, we've all heard about the ultimate trading terminal: the Bloomberg Terminal, the $30,000 a year behemoth that consolidates every tick, news wire, and economic data point into a single, dual-monitor fortress.
Now, I'm not claiming to have created something that offers anything remotely similar to the Bloomberg Terminal. But I did create a Bloomberg Terminal "themed" style dashboard.
I based the dashboard off of what I see are the basic things displayed on a Bloomberg terminal and it is based on range trading strategies from my other thread:
https://www.forexfactory.com/thread/...t-hour-initial
With that being said I give you the AMP
_Market_Dashboard
So, how does it work?
For starters the dashboard gives you an option of choosing up to 40 symbols. You can write them into the variables, BUT they need to be already in the MetaTrader's Market Watch window. Also, YOU MUST write the symbol as it appears or as your broker names them. Example, if your broker labels the S&P 500 as "US500" do not type "USPX500" or "SPX" or anything different than what is in your market.
Variables: for each symbol you can choose the Range Time Start (RTS) and Range Time End (RTE). When entering the Range Time End, you must put it 1 minute before the desired time. Example: if the 1hr opening range starting at 16:00 then the Range Time End should be 16:59.
Average number: In the variables, each symbol has a variable labeled "DTA" this stands for Day Time Average. The dashboard measures the Average Daily Range (ADR) and the average range size for the selected range. So the number in "DTA" will be the number of days the dashboard will look back and calculate the average ADR and range size.
Chart in Chart: Sometimes we still need to look at charts right? So I've incorporated the "Chart in Chart" function into the dashboard. In the variables (all the way down at the bottom) you can choose the option of one, two or three charts. The number of chart depends on your screen size. Here you have the option of choosing the symbol you want to see, the time frame and if you want the chart to display dates and values. You can also zoom in or out.
Now, for an explanation of each column in the dashboard:
Now, I'm not claiming to have created something that offers anything remotely similar to the Bloomberg Terminal. But I did create a Bloomberg Terminal "themed" style dashboard.
I based the dashboard off of what I see are the basic things displayed on a Bloomberg terminal and it is based on range trading strategies from my other thread:
https://www.forexfactory.com/thread/...t-hour-initial
With that being said I give you the AMP
_Market_Dashboard So, how does it work?
For starters the dashboard gives you an option of choosing up to 40 symbols. You can write them into the variables, BUT they need to be already in the MetaTrader's Market Watch window. Also, YOU MUST write the symbol as it appears or as your broker names them. Example, if your broker labels the S&P 500 as "US500" do not type "USPX500" or "SPX" or anything different than what is in your market.
Variables: for each symbol you can choose the Range Time Start (RTS) and Range Time End (RTE). When entering the Range Time End, you must put it 1 minute before the desired time. Example: if the 1hr opening range starting at 16:00 then the Range Time End should be 16:59.
Average number: In the variables, each symbol has a variable labeled "DTA" this stands for Day Time Average. The dashboard measures the Average Daily Range (ADR) and the average range size for the selected range. So the number in "DTA" will be the number of days the dashboard will look back and calculate the average ADR and range size.
Chart in Chart: Sometimes we still need to look at charts right? So I've incorporated the "Chart in Chart" function into the dashboard. In the variables (all the way down at the bottom) you can choose the option of one, two or three charts. The number of chart depends on your screen size. Here you have the option of choosing the symbol you want to see, the time frame and if you want the chart to display dates and values. You can also zoom in or out.
Now, for an explanation of each column in the dashboard:
- Ask/Bid: the asking price and the bid price for the selected symbol
- Bid Ratio: calculates where the current bid price sits within today's price range, expressed as a percentage.
- BQR: Bid-Quote Ratio measures how far price is from the middle of today's range, the direction (positive = bullish, negative = bearish), the magnitude (how extreme the position is)
- W Chg %: Weekly change measured in percentages calculated using the Arithmetic Return
- D Chg %: Daily change measured in percentages calculated using the Arithmetic Return
- 4h Chg %: 4 hour change measured in percentages calculated using the Arithmetic Return
- 52wk H/L: highest and lowest prices for the past 52 weeks (1 year)
- YTD%: Year to date change measured in percentages calculated using the Arithmetic Return
- ADR: Average Daily Range is calculated as Daily Range = High - Low, then the average is of the number of days indicated in the DTA variable
- AvgRange: the average size of the specified range for the number of days indicated in the DTA variable.
- TdyRange: today's range size.
Economic Calendar: using the events from the MetaTrader terminal. Only high importance events are displayed. The events are today's events, past events cannot be displayed.
Open Positions: There is also a module to display your opened positions. Pretty self explanatory.
