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ShowMe™ – Exclusive to TradeStation, this analysis technique is used to automatically identify specific market conditions and mark each bar of the chart that meets the desired criteria. ShowMe studies eliminate the task of manually scrolling through a chart looking for patterns and significant events. By using a ShowMe study, you can quickly analyze your chart for patterns and see whether they did, in fact, precede market moves important to your trading objectives.
PaintBar™ – Exclusive to TradeStation, this analysis technique is similar to a ShowMe study in that it scans the chart to identify the bars that meet specific criteria. However, rather than placing a mark on the bar that meets the criteria, a PaintBar study paints the bar (the entire bar or a portion thereof) a different color. While ShowMe studies are best used to search for and mark bars based on criteria that occur sporadically, PaintBar studies are best used to search for and mark bars based on criteria that occur for several bars in a row or that identify a market mode.
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