Conditions are used for marking an event or occurrence on a particular price bar. They can be used to identify specific patterns, signals, or trends in the market based on historical price data. Conditions are binary outputs, meaning they are either True or False. They can be applied to a chart to identify when that condition is met or they can be used as criteria for Scans and Alerts.
The Conditions menu can be accessed by clicking on the icon in the top left of your screen.
The Condition Builder is only available with the Symbolik Advanced service plan.
How to Create a Custom Condition
- To create a new custom condition, go to the Condition menu by clicking on the
icon and then select the "+" symbol.
- Clicking on the + symbol will open the "New Condition" modal. In this window, you can assign a custom name for your condition.
- The "New Condition" window comprises a Settings tab and Display tab. Within the Settings tab, there are two components: the Formula editor and the Toolbox. The Formula editor box is where you type in the specific criteria for your condition. The Toolbox provides you a list of available built-in data inputs (i.e. price data, functions, and studies) and operators you can use to construct your condition. In addition to the toolbox, you can also simply start typing in the formula editor box and choose the components available from the autocomplete menu.
To learn more about the formula builder as well as view common examples, click HERE to access documentation on the Symbolik Scripting Language (known as SLANG).
- Within the Display tab, you can customize how you want your custom condition to be displayed on a chart. The display options include the following:
- Symbol: displays an icon on the price bar when the condition is True. You can choose the specific icon, size, color, and whether you want the icon above or below the price bar.
- Paint Bar: you can choose the color of the price bar when the condition is True.
-
Histogram: creates a histogram in a new panel below your chart indicating when the condition if True.
- After you have finished entering in your condition's criteria, you can select "Create Condition" on the bottom right. Your new condition will now be stored in the Conditions menu.
Add and Remove Conditions
To add a new condition instance to your chart, click on the icon to open the Conditions menu and click on the condition name. If you have more than one chart, first click on the chart in which you want the condition to be added. Select the condition from your Chart Tools. The condition will appear on your chart in the HUD (Heads Up Display).
To remove a condition from the chart, hover over the condition name in the HUD and click the ellipses menu and choose Remove.
How to Customize Conditions
Symbolik allows users to customize their condition settings to their individual preferences. This includes editing the condition formulas as well as the display settings. These changes can be made in two different places with two different effects. You can customize your settings from the HUD to make changes specifically to the instance currently displayed on the chart. These customizations will be deleted when the condition is removed from the chart. If you make custom settings changes from the Conditions menu, these changes will become the default settings and apply to each instance applied to your charts going forward.
From the HUD (Heads-Up Display)
Settings changes made from the HUD will apply ONLY to the current instance on the chart. These changes will not affect the default settings. These settings will be deleted when the condition is removed from the chart.
Please note that when you make changes to the settings from the HUD, a chart tool preview will allow you to review these adjustments before applying them to the chart instance. For a demonstration, please refer to the video below.
From the Conditions Menu
Any changes made from the Conditions Menu will affect the default settings. These changes will not affect any current instances displayed on the chart.
How to Create Custom Formulas
Users can create custom formulas and conditions by leveraging Symbolik's Scripting Language known as SLANG. To learn everything about the formula builder and see commonly-used examples, click HERE to access our technical documentation.