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Thread: Market Scope Charts FAQ

  1. #16
    Join Date
    Jul 2008
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    How do I measure the distance between two bars in pips?

    Having the ability to quickly measure the distance between two points on the chart is a great way to speed up analysis. Whether you want to measure in pips or time, the Ruler tool on the MarketScope 2.0 charts will allow you to easily do so.

    One useful way to use this tool is to track how far a currency pair has moved within a certain time frame. As an example, we’ll measure how far the EUR/USD has dropped since its last high on 08/06/2010.

    Step 1: Setup your chart and click on the Ruler tool icon on at the top of the MarketScope 2.0 charts.


    Step 2: Left click on where you would like to begin the measurement and, holding your mouse button, drag the pointer to where you would like to end your measurement.


    TIP: The three numbers on the Tool Tip represent the Price where your pointer is (1.25638), the number of Periods between the beginning and ending points (12) and the number of pips between the two points (773.5)

    Using the Ruler tool, we’ve quickly measured the distance between the high and low for the period, with the amount of pips being calculated automatically!

    Do you have other charting questions?

    Many traders find that a 5-10 minute introduction to the features of the Trading Station II platform saves them time and allows them to get fast answers. A trading specialist can contact you at a scheduled time to show you the different changes you can make to the Marketscope Charts and answer any questions you may have. Click Here to Chat Now and we can schedule a call when convenient for you!

    If you have other Market scope questions, then please post your question and we will reply with an answer!

    Return to the Market Scope Charts FAQ

  2. #17
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    Jul 2008
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    How do I view two charts (or more) at once?

    With the advanced customization features of the MarketScope 2.0 charts, getting your charts organized is fast and easy.

    Step 1: Open MarketScope and create the charts that you would like to display


    Step 2: Left click on the tab of your chart (Where it says EUR/USD in the picture above), hold the mouse button down and drag the chart until the blue docking arrows appear


    Step 3: While still holding down the left mouse button, move your cursor over one of the blue arrows to split the charts. Each arrow will split the charts in a different direction. For this example, we will use the arrow pointing to the left in the center of the charts. While your mouse is over this arrow, release the left mouse button.


    Step 4: The charts will be divided in half so that two charts are now displayed on the platform. You can repeat this process as many times as you would like in order to display multiple charts.


    Do you have other charting questions?

    Many traders find that a 5-10 minute introduction to the features of the Trading Station II platform saves them time and allows them to get fast answers. A trading specialist can contact you at a scheduled time to show you the different changes you can make to the Marketscope Charts and answer any questions you may have. Click Here to Chat Now and we can schedule a call when convenient for you!

    If you have other Market scope questions, then please post your question and we will reply with an answer!

    Return to the Market Scope Charts FAQ
    Last edited by FXCM Online Support; 11-08-2010 at 10:34 AM.

  3. #18
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    Jul 2008
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    1,103
    Where can I find custom indicators?

    The MarketScope 2.0 charts offer over 35 indicators right out of the box, but some strategies may need a more specialized set of indicators. Not to worry! A website dedicated to custom MarketScope indicators is available with over 250 indicators that are free to download!

    To learn how to download custom indicators for the MarketScope charts and apply them to the charts, follow these simple steps:

    Step 1: Using your web browser, navigate to FXCodeBase.com or click here


    Step 2: Click on the Custom Indicators tab at the top of the website


    Step 3: Find the indicator that you would like to use and click on the title of the post. For this example, we’ll click on the Breakout Indicator


    Step 4: Find the Download the Indicator section and right click on the file name ending in .lua and save this to a place on your computer that you will remember, such as a folder on the desktop.


    How can I load my new custom indicator onto my charts in MarketScope?

    Now that we’ve download a new custom indicator, getting it loaded onto your charts is quick and easy.

    Step 1: Click on Insert at the top of the MarketScope 2.0 charts and then on Add Indicator


    Step 2: After the Add Indicator menu appears, click on Manage in the upper right corner


    Step 3: On the Manage Custom Indicators menu click on Load


    Step 4: Navigate to where you originally saved your new custom indicator, select the file, and click on Open to import your new indicator.

    Step 5: Click on Close on the Manage Custom Indicators menu to return to the Add Indicator section. Scroll down to the Other indicators section, select your new indicator, and click on OK.


    Step 6: Select your parameters and click on OK to apply your new indicator to your chart!



    Do you have other charting questions?

    Many traders find that a 5-10 minute introduction to the features of the Trading Station II platform saves them time and allows them to get fast answers. A trading specialist can contact you at a scheduled time to show you the different changes you can make to the Marketscope Charts and answer any questions you may have. Click Here to Chat Now and we can schedule a call when convenient for you!

    If you have other Market scope questions, then please post your question and we will reply with an answer!

    Return to the Market Scope Charts FAQ
    Last edited by Julius at FXCM; 07-19-2011 at 08:34 PM.

  4. #19
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    Jul 2008
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    1,103
    How do I setup Price Alerts?

    Price Alerts are a great way to stay up to speed on the current price action without needing to stay glued to the charts at all hours. To setup price alerts on the MarketScope charts, follow these simple steps:

    Step 1: Open the MarketScope charts and right click anywhere on an open chart and select Price Alerts and then Add Price Alert


    Step 2: Select the parameters for the price alert that you would like to set using the properties menu.

    TIP: To have your price alert activate the moment the price touches your desired level, change the period size to Tick. If the period size is set to a different size than Tick, the price alert will only activate after the bar has crossed and closed at or above your desired price level.

    Step 3: Click OK and your price alert will be set and display on the chart.



    What do the different parameters mean?

    The Price Alerts on the MarketScope charts are a flexible and robust price alert system that will allow you to set alerts based upon the parameters that you set. A brief description of the parameters are listed below:

    Price Type: Toggle between setting the price alert on the Bid (Sell) or Ask (Buy) price

    Period Size: Sets the period for the price alert. If the period is set on Tick the alert will trigger when the price is touched or passed, if set to anything else the bar must close at or beyond the price for the alert to trigger.

    Smoothing Method: The smoothing method will determine the indicator used to trigger the price alert. For example, if a Moving Average is used, the price alert will trigger when the indicator reaches the desired price.

    Smoothing Periods: The number of periods used for the indicator.

    Price Level: The desired price for the price alert

    Condition: Used to determine how the price alert will trigger. It will determine if the price alert will trigger once the price is crossed, touched, or both.

    Why don’t I see my price alert on the chart?

    If you do not see your price alert on the chart it will most likely be due to the Price Type selected. If you are viewing a Bid (Sell) chart and set a price alert for the Ask (Buy) price, the alert will not be shown. In order to view the alert you will need to switch the chart to view the Ask prices.

    Switching your chart to view the Ask prices is quick and easy. All that you will need to do is click on the small A icon at the top of the platform to toggle to the Ask price.


    How do I setup sound alerts?

    Sound alerts are an essential part of any alert system, and with the MarketScope charts you can setup sound alerts with ease.

    To setup sound alerts, follow these simple steps:

    Step 1: Under the Notification section in the Price Alert dialogue box click on Play Sound and change the parameter from No to Yes using the drop down menu


    Step 2: Select your sound alert by clicking on sound file and then on the small gray box with the three periods


    Step 3: Choose your desired sound alert from the drop down menu on the Choose Sound dialogue box and click OK


    Step 4: Click OK on the Strategy Properties Dialogue box and your sound alert will be set!


    Do you have other charting questions?

    Many traders find that a 5-10 minute introduction to the features of the Trading Station II platform saves them time and allows them to get fast answers. A trading specialist can contact you at a scheduled time to show you the different changes you can make to the Marketscope Charts and answer any questions you may have. Click Here to Chat Now and we can schedule a call when convenient for you!

    If you have other Market scope questions, then please post your question and we will reply with an answer!

    Return to the Market Scope Charts FAQ
    Last edited by Charles Graves at FXCM; 10-07-2010 at 06:00 PM.

  5. #20
    Join Date
    Jul 2008
    Posts
    1,103
    How do I setup e-mail alerts?

    Getting the price alerts that you’ve setup on the MarketScope charts sent to your e-mail is a quick and easy process, and will allow you to monitor your price alerts on the go.

    To get e-mail alerts setup, follow these simple steps:

    Step 1: From the MarketScope charts click on File and then Options


    Step 2: Click on Strategy Options and fill out each of the sections displayed on the right-hand side. After filling out all of the sections click OK.


    SMTP server address: This is the SMTP server address of your e-mail provider. For a list of SMTP Server addresses, please click here. If your e-mail provider is not listed, please contact them for further assistance.

    SMTP User: Enter your e-mail address in this field

    SMTP Password: Enter your e-mail password in this field

    From Address: Enter your e-mail address in this field

    Default E-mail Address: Enter the e-mail that you would like to receive the alerts in this field

    Step 3: On the Price Strategy properties dialogue box, select Yes from the drop down menu for the item Send E-Mail and click OK


    Will the E-mail alerts be blocked by my firewall?

    Many corporate firewalls will block outgoing SMTP server connections, which will interfere with the sending of e-mail alerts from the FXCM Trading Station, but don’t worry!

    You can setup mobile alerts to be sent via e-mail and text message by visiting DailyFX and signing up for the Mobile Price Alerts!

    To learn more about the Mobile Price Alerts click here!

    Do you have other charting questions?

    Many traders find that a 5-10 minute introduction to the features of the Trading Station II platform saves them time and allows them to get fast answers. A trading specialist can contact you at a scheduled time to show you the different changes you can make to the Marketscope Charts and answer any questions you may have. Click Here to Chat Now and we can schedule a call when convenient for you!

    If you have other Market scope questions, then please post your question and we will reply with an answer!

    Return to the Market Scope Charts FAQ

  6. #21
    Join Date
    Jul 2008
    Posts
    1,103
    How do I export the chart data?

    With FXCM’s No Dealing Desk execution model, you have full access to the price history on the platform and also have the ability to export the data to excel for further analysis!

    To export the data to excel, follow these simple steps:

    Step 1: Select the time period that you would like to export on your MarketScope chart


    Step 2: Click on File and then on Export to Excel


    Step 3: Select where you would like to save the data, create a file name, and click on Save


    Step 4: Navigate to where you have saved the file and launch the file by double clicking


    Step 5: The exported data will be separated into columns based up on the Open, High, Low, and Close for both the Bid and Ask prices


    Do you have other charting questions?

    Many traders find that a 5-10 minute introduction to the features of the Trading Station II platform saves them time and allows them to get fast answers. A trading specialist can contact you at a scheduled time to show you the different changes you can make to the Marketscope Charts and answer any questions you may have. Click Here to Chat Now and we can schedule a call when convenient for you!

    If you have other Market scope questions, then please post your question and we will reply with an answer!

    Return to the Market Scope Charts FAQ

  7. #22
    breakout is offline Registered User
    Join Date
    Oct 2010
    Posts
    2
    Thank you for the walkthrough on the custom indicators. Fianlly found a way to get dochian channels.

  8. #23
    geraldforex is offline Registered User
    Join Date
    Oct 2010
    Posts
    5

    Entered Ordered in MarketScope Label Text

    In the Marketscope Chart, in the Open Position label text, is that possible that I can adjust the label text to show my entered Price? Therefore I can monitor at what price that I have bought/ sold. The same thing to the Stop, Limit order and Entry Order label. Thanks.

  9. #24
    Join Date
    Sep 2010
    Posts
    52
    Hello Geraldforex,

    Thank you for posting on the forums, I am happy to assist you with your inquiry.

    In the Marketscope Chart, in the Open Position label text, is that possible that I can adjust the label text to show my entered Price?

    The label currently is not set up to display the entered price on the chart, however if you move your mouse over the label the platform will display the price the order opened at. As you can see in the image below the information is updated in real time and allows you to review your existing trades as the market moves.



    I understand you want to track the price you bought and sold at, and I do apologize the feature is not set up the way you have requested, however I will definitely be passing this idea on to our Product Development team.

    The trading station does have many ways to monitor your open positions, how were you planning on utilizing the labels as you would have liked them?

    How else may I be of assistance, and best respond to your trading needs?
    Thank you for being a part of our trading community!

    Want to discuss how our resources can help you reach your trading goals? Add your post to join the conversation or feel free to contact me directly at yosef@dailyfx.com.

    I’m looking forward to hearing from you!

    Yosef Levenstein

  10. #25
    surreyhills is offline Member
    Join Date
    Jan 2010
    Posts
    216

    A and B charts?

    Hi, I heard today that with the marketcsope chart there is one chart showing selling price and one showing buying price. I need to know how to switch from one to the other, if anyone can help. Thanks.

  11. #26
    Brad Gleason at FXCM's Avatar
    Brad Gleason at FXCM is offline DailyFX Administrator
    Join Date
    Sep 2010
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    129
    Thank you for your post surreyhills!

    There are two chart types available. Bid and Ask charts.



    Clients often ask what is the difference between the two, and the simple answer is the spread.



    On Marketscope 2.0 charts, there are two buttons for switching between these charts.



    Bid charts:

    The default chart on the Marketscope 2.0 is Bid chart.



    Bid charts display SELLING prices.
    Prices at which BUY or LONG trades were EXITED on.
    Prices at which SELL or SHORT trades were ENTERED on.

    If you are closing (exiting) a buy (long) position, you must look at the BID chart.
    If you are entering (opening) a sell (short) position, you must look at the BID chart.



    Ask charts:

    Ask charts can be shown by clicking on the A button, as indicated below:



    Ask charts display BUYING prices.
    Prices at which BUY or LONG trades were ENTERED on.
    Prices at which SELL or SHORT trades were EXITED on.

    If you are closing (exiting) a sell (short) position, you must look at the ASK chart.
    If you are entering (opening) a buy (long) position, you must look at the ASK chart.



    I hope this clarifies things for you, and if you need further assistance, please let us know!
    Thank you for being a part of our trading community!

    Want to discuss how our resources can help you reach your trading goals? Add your post to join the conversation or feel free to contact me directly at brad@dailyfx.com

    We look forward to hearing from you!

    FXCM Online Support

  12. #27
    Brad Gleason at FXCM's Avatar
    Brad Gleason at FXCM is offline DailyFX Administrator
    Join Date
    Sep 2010
    Posts
    129
    How do I get email alerts when an order is executed or trade is closed?

    With the Marketscope 2.0 charts, you can receive alerts when orders are executed or tickets are closed.

    What you need first is entry orders or open positions.

    Click here for information on how to open a trade.

    Click here for information on how to close a trade.

    Click here for information on how to place a stop or limit – US account.

    Click here for information on how to place a stop or limit – UK/AU account.

    Click here for information on how to place an entry order.

    Now that you have an open trade, let’s go over how to get an alert for it. This is currently located under the strategy section of Marketscope 2.0.

    First, click on Strategies, then on Add Strategy.



    Then you will see the Add Strategy window. From here, click on Watch for Order or Watch for Trade.
    Watch for Order – notification of an Entry order’s execution.
    Watch for Trade – notification of a ticket’s closure.



    I have 2 Entry orders pending on EUR/USD, and I want to be notified when one is executed. So, I will select Watch for Order. When this is selected, the following window will appear.



    I have two different Entry orders pending, and I can choose which one here.



    Next, select the notification method. You can show visual alert, play a sound, or send an email. (Email instructions will be given below). When you are done, click OK



    To set a notification when a trade closes, click on Strategies then on Add Strategy.



    Then, click on Watch for Trade, and then OK.



    Here you will see the same window, however these will apply to live trades.



    I do have multiple trades open on EUR/USD, and I can select which one I want to use here. Click OK when finished.




    If you have any other questions, please feel free to contact us or post here!
    Thank you for being a part of our trading community!

    Want to discuss how our resources can help you reach your trading goals? Add your post to join the conversation or feel free to contact me directly at brad@dailyfx.com

    We look forward to hearing from you!

    FXCM Online Support

  13. #28
    Brad Gleason at FXCM's Avatar
    Brad Gleason at FXCM is offline DailyFX Administrator
    Join Date
    Sep 2010
    Posts
    129
    How do I set up email notification on alerts?

    To set an email alert, you need to add the information in the settings window, which can be found here.



    On the options window, click on Strategies Options, then enter the appropriate information for your SMTP (usually available from your email provider).



    When you are done, click on Apply then OK.



    If you have any other questions, please feel free to contact us or post here!
    Thank you for being a part of our trading community!

    Want to discuss how our resources can help you reach your trading goals? Add your post to join the conversation or feel free to contact me directly at brad@dailyfx.com

    We look forward to hearing from you!

    FXCM Online Support

  14. #29
    gpliego is offline Member
    Join Date
    Nov 2010
    Posts
    30

    plotting MVA 200 in a chart

    Hello,
    When I try to include the MVA indicator 200 in a chart, I got the display incomplete, while the MVA 50 is display ‘complete’, as can be seen in the image here. Is this normal ? ,or what do I need to do so the MVA_200 line is displayed as that for the MVA_50?

    http://img193.imageshack.us/img193/8214/mva200s.jpg
    Last edited by Yosef Levenstein at FXCM; 11-11-2010 at 03:22 AM.

  15. #30
    Join Date
    Sep 2010
    Posts
    52
    Hello Gpliego,

    Thank you for your posting that is a great inquiry!

    What do I need to do so the MVA_200 line is displayed as that for the MVA_50?


    In order to minimize the processing power needed on the charts by default the indicator loads as you said, and only displays partially as in the image below:



    If you would like to extend the 200 Day moving Average all you need to do is zoom out on the chart by clicking on the Zoom out icon on the chart tool bar:



    Once you zoom out you will see the lines on the indicator extend relative to the zoom level on the chart:



    You may zoom out as you please to see the lines displayed to your liking.

    What type of indication are you using the different period indicators for? How do you intend to utilize the indicators to assist you with your trading?

    We have many helpful resources available to our clients, and I would be happy to assist you best determine how to utilize them.
    Thank you for being a part of our trading community!

    Want to discuss how our resources can help you reach your trading goals? Add your post to join the conversation or feel free to contact me directly at yosef@dailyfx.com.

    I’m looking forward to hearing from you!

    Yosef Levenstein

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