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Types of Easy Language Documents (ELD's)
While there are numerous types of easy language Documents, we are only to cover the 3 most basic. As you become familiar with these 3, you will easily understand the difference between the others.
1. Function - Just as in mathematics, a function is a subroutine that calculates a value or series of values based on the inputs or parameters passed into that function. The example below is a simple function that simply squares the value 'x' that is passed into the function
Example:
F(x)=x^2
2. Indicator - An indicator is an easy language document that is used to plot data on your chart. Plots can include dots, a line, a historgram, bars, and more. Examples of indicators are moving averages, stochastics, rsi's, etc.
3. Strategy - A strategy is an easy language document that allows you to generate buy and sell signals as well as backtest your system.
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