How Do Indicators Work and What Are They For?¶
cTrader Automate indicators are primarily used to aid manual trading by providing custom signals that could guide your decision-making. However, any custom indicators can also be used in cBots for defining trends and prompting your robots to take certain actions.
Similarly to cBots, each indicator is a separate C# class with a set of properties, parameters, and methods. In contrast to cBots, however, indicators cannot be backtested and optimized.
The cTrader platform already includes several code samples of custom indicators upon its first-time launch.
Can I Combine Indicators?¶
To put things simply, yes, you can. cTrader Automate allows for displaying several indicators within the same panel. We detail how to do it in a separate section of this documentation.