I am new to Wealth-Lab and have a question on programming indicators. I am able to program my system within Wealth-Lab but am unclear on how to program indicators. It looks like that will require me to obtain a development environment like Visual Studio or SharpScripts. I am willing to learn but don't know where to start programming indicators.

I am interested in programming a indicator in Wealth-Lab that I have been using in another platform.
This indicator is something like the CMCSuperTrend but seems to calculate somewhat different than I am use to. It is called a Volatility Stop. The indicator uses the following logic.

When Up Trend Detected....
VSTOP = CL - MULT * TR
As Up Trend Continues....
VSTOP = MAX(VSTOP.1, MaxCL - MULT * TR)

When Down Trend Detected....
VSTOP = CL + MULT * TR

As Down Trend Continues....
VSTOP = MIN(VSTOP.1, MinCL + MULT * TR)

Where...
CL = Closing Price
MULT = True Range Multiplier
TR = True Range
VSTOP.1 = Volatility Stop Value on Previous Bar
MaxCL = Maximum Closing Price since Up Trend Began
MinCL = Minimum Closing Price since Down Trend Began

Trend reverses between up and down when Closing Price crosses VSTOP.

More info can be found at: http://www.linnsoft.com/tour/techind/vstop.htm

Is the code for the CMCSuperTrend available to view? I would like to take it and understand the difference between it and the VolatilityStop. Then I would like to program the indicator in Wealth-Lab.

Welcome to Wealth-Lab forums, Blaine.

This Volatility Stop indicator is also known as a trailing reverse indicator (NRTR) and is available on our platform through Community Indicators. You need to install the library and restart WLP for NRTR_WATR to appear on the Indicators list:

NRTR_WATR

Check out the WealthScript example in the Wiki on how to code a trading strategy with this indicator. Also, NRTR_ATR Intraday system is downloadable from within Wealth-Lab's "Open Strategy" dialog (make sure to uncheck "Published since" to get all of them).

The library also has a companion indicator, percentage-based NRTR%, that does the same trailing reverse thing but without volatility. The library's source code, if you're interested, can be accessed by creating a Wiki account and successfully completing verification in support ticket.

Thanks. I'll try your suggestions and get back with you if there are any questions.

In the PDF entitled "Creating an Indicator Library in Wealth-Lab Pro" it says that one can also program and plot indicators directly in the Strategy code. Do you have any simple examples of doing that?

For instance, see the WealthScript Programming Guide > Indicators > Custom Indicators.