This video tutorial will highlight how to utilize templates within TradeShark Intermarket analysis software. In this video, I will demonstrate how templates can be applied to the charting area.
Additionally, you will have the option to utilize templates when scanning for opportunities with TradeShark’s Intelliscan feature and when viewing TradeShark’s history grid. The important thing to remember is that all preloaded or created templates within TradeShark can be modified to display the exact set of indicators or market data that fit your trading approach.
When working with charts within TradeShark, you will want to utilize two helpful dropdown windows which provide access to the template views. The first one is located at the bottom of the market tree. Here is where all preloaded and user created templates can be found. Selecting the template and date range from this area, will cause all newly opened charts to display the selected view. In this example, you can see that the template that has been selected is Tradeshark’s standard view over a two month period of time using daily bars.
Once a chart has been opened, you can utilize the dropdown towards the upper right hand corner of the charting area. You should use this dropdown window to become familiar with each preloaded template from TradeShark.
For this example, I will go ahead apply Tradeshark's predicted high and low template.
With this template, we can view all of Tradeshark’s previous high and low predictions against the actual market data. But let’s say for example that I wanted to add the neural index to this view. The first thing I will need to do is access Tradeshark’s indicator tray. Since it is currently hidden from view, I simply need to click on the indicator dropdown and select show indicators.
To add Tradeshark’s neural index I simply need to click on the TradeShark dropdown, find neural index, and drag and drop it into the charting area.
When an indicator is added, removed, or changed within a template view, you will notice that an asterisk will appear next to the template name and dropdown window. This is indicating that an alteration or change has been made to the previously existing template. Next to the dropdown window you will notice a couple of helpful options: one to reset the template, so in the case removing the Neural index, and another to save the template. In this example we would overwrite Tradeshark’s predicted high and low template.
In that last example I updated a preexisting template by using the save button, however, you may wish to create an entirely new template of you own and name it accordingly.
Let’s say that I wanted to incorporate Tradeshark’s short term trend forecast to assist me with some short term trades or day trades.
I simply need to identify the short term trend forecast and drag and drop it into the charting area. Because it is overlapping the predicted high and low, I want to click on the indicator name, so short term trend prediction, and drag it to the bottom of the charting area.
Now that I have a new view set up, I can right click within the charting area and select save template as.
Now I have the option of renaming or creating an entirely new template. We can call this ‘day trades’ we can also include a description: Neural index, short cross, p high and low. When we click save this template view will now be available within the dropdown areas, both in the market tree and also in the upper right hand corner of the charting area.
We can select day trades, and any new chart that we open will display that saved template.
This concludes the introduction to using templates views within TradeShark. For additional information on template settings, or how to utilize templates in the history grid or Intelliscan views, be sure to watch the advanced templates tutorial. Thank You.