Function

Function Power Tab

The Function PowerTab offers extended functionality to the VTS Platform FunctionElement.

• The Function Power Tab offers the following options:

• Channel value
• Trending value
• Average value

Channel value

• A channel is a collection of contiguous price bars (or candles).  
• This option gets the Highest or Lowest value, within a specific channel, of the platform function.
• Channel type is defined as CHANNEL_HIGH or CHANNEL_LOW.
• The Start candle is the first candle of the channel.
• The End candle is the last candle of the channel.

Note: Candles are numbered from right to left, starting at zero.  The currently forming candle is candle number zero. See the shift dialog for a diagram.

Trending value

• A trend is defined when a value moves in a continuous direction, either up or down.
• This option determines if a platform function is trending or not.  A value of one is returned if there is a trend; a value of zero is returned of there is not a trend.
• Trend type is defined as TREND_UP or TREND_DOWN.
• The Start candle is the first candle of the channel to be tested for the trend
• The End candle is the last candle of the channel to be tested for the trend.
• The minimum change value defines the minimum change in value that must occur for a trend to be confirmed. The default value is 0.
• The maximum outlier value defines how many values within the channel can be against the trend and still confirm the trend. The default value is 0.

Average value

• This option calculates the moving average of the last number of bars of the platform function.
• Bars defines the number of bars that are used to calculate the moving average.
• The selected Method defines the method used to calculate the moving average. The options are SMA, EMA, SMMA, LWMA.