Tradestation Indicators , easylanguage

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this action I took the 14-day ADX of the SPX (15.56) and divided it by the 14-day historical volatility (volatilitystddev in Tradestation terms), which currently stands at 0.3023. The result (about 51) is what I call trend over volatility (TOV)

asr: see if this DMI or DV/CI is useful for our OIL
asr: alchamy trendcatcher should have all these coded, we only need to back test at this stage developed ones ( like alchamy ) no new indicator search.

directional movement indicator
DMI Points The Way To Profits
http://www.investopedia.com/articles/technical/02/050602.asp

http://www.esignalcentral.com/university/esignal/addons/hamzei/hamzei.pdf
http://www.traderslog.com/static/pdfs/DV_CI_4_DL.pdf
as stated in the above URL
The premise behind the Directional Volatility Indicator is based on the widely
researched and well documented fact that: It is much easier to predict the volatility
cycles than it is to predict the price cycles for a given asset. Simply put, volatility tends
to contract and expand with reasonable cyclicality where price doesn’t.

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asr: created with stockcharts.com , look a overlay 'price by volume' under parabolic SAR in list
1) once MA(50) crossed MA(200) for USO it never breached , the cross happened after OIL meltdown in MAY . interesting the meltdown did not happen after MA crossovers it happened it could have been big techical breach because once OIL recover starts MA(50) crossed over MA(200) on upside , crossing down below is big technical breach ( similar to 2003/2009 S&P MA crossovers )
2) most of the time price last 2 months maintained above MA(50) which is 35.0 for USO
3) for actual USO/crude futures trading we can use stockcharts.com charts live version ($30/month ) if we need to use live charts ( do not worry about not having in TS or somebody may develop easily in TS since they are simple horizantal lines )
4) see if we alchamy guy can develop above for TS
5) see if we can develop a 'trading stragegy' for TS based on this PBV price By Volume as indicator and back test it

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PBV price by volume
Gauging


Support And Resistance With Price By Volume (PBV )

asr: notice the charts are created with stockcharts.com where as all other investopedia charts are created with tradestation. it shows tradestation may not have this facility to draw PBV lines


1. Draw two parallel, horizontal lines that connect parallel highs and lows in a trading range after a trending move.
2. Then, use the PBV histogram to see if these parallel lines are located near key price levels.
3. Finally, note the buying or selling pressure (colors) as well as the total volume to determine in which direction a breakout is likely to occur.

Volume Oscillator Confirms Price Movements

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money flow indicators
https://www.tradestation.com/discussions/Topic.aspx?Topic_ID=45534

http://www.investopedia.com/articles/technical/03/072303.asp

price distribution analysis
http://www.tradestationzone.com/default.aspx?PageID=101&CatID=3

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intraday data for ES S&P emini .. I have file also in gmail acct

http://www.fin-rus.com/analysis/export/_eng_/default.asp

http://kreslik.com/forums/viewtopic.php?t=92 -- all free Intraday DATA sites
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free easylanguage code
use this PMSM 3 band indicator to get the CODE basis to draw OIL, S&P, EURUSD by using one instrument for each bottom color CODE
http://kreslik.com/forums/printview.php?t=380&start=60

we can develop OIL, S&P, EURUSD some thing like below " alchmy universal " to find whenever EURO ,S&P changes OIL price change is coming Soon ..

Alchemy Universal Divergence Indicator
The Alchemy Universal Divergence indicator can be used to detect divergence as follows:
Divergence between price and any specified oscillator
Divergence between 2 different price series
Divergence between 2 specified oscillators

Here are some other features of this indicator:
Divergence can be specified as regular divergence, opposite divergence or reverse divergence.
The divergence can be displayed as show me dots above/below price or it can be plotted as oscillator with its corresponding divergence dots.
Either, divergence pivot and previous pivot that the divergence is measured from can be displayed and the indicator can connect the 2 price pivots with trend lines.

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easylanguage this PDF has all essential code for strategy
https://www.tradestation.com/support/books/pdf/EL_Essentials.pdf

we can get some strategies CODE from this site
http://www.tssupport.com/support/base/?action=article&id=1397 -- this has code filter for strategy

asr: this tssupport site gives good simple code , it shows the power of easy language for developing 'indicators' or 'strategies '

-- good simple strategy code
Strategy : Simple moving avarge SMA
http://www.tssupport.com/support/base/?action=article&id=1239

This is an example of trendline breakout system .
http://www.tssupport.com/support/base/?action=article&id=1325

Range Breakout Trading in Treasury Bonds

StoCastics strategy
http://www.tssupport.com/support/base/?action=article&id=1428

http://forum.tssupport.com/viewtopic.php?t=3339

http://kreslik.com/forums/viewforum.php?f=10 -- this has lots of CODE

http://www.tssupport.com/support/base/?action=article&id=1397 -- filter it

http://www.davenewberg.com/Trading/TSCode.html

http://www.davenewberg.com/Trading/TS_Code/SuriD_Codes/3-4_Bar_Strat_Filters.html -- seems complete strategy code

I suggest gathering links to EasyLanguage scripts' collections in this thread. Such places are numerous on the Internet and if we gather them all in one place it will be easier to quickly find something useful and helpful.

kreslik.com - Traders Community
http://kreslik.com/forums/viewforum.php?f=10

Traders Laboratory
http://www.traderslaboratory.com/forums/f46/

TS SUPPORT
http://www.tssupport.com/support/base/?action=search&pid=13&string=

TradeStation.com
https://www.tradestation.com/support/NavTrack/default.asp?code=213

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support/resistance S1/R1 see attached code ..
by ABC Trading Group
This must be the best Floor Trader Pivots implementation I have seen.

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easy language low priced code, site says you get ELD for small price , confirm ELD means source code
http://www.markplex.com/tutorials.php

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Support and Resistance Pivot Points
http://www.tradingalchemy.com/ViewChartsSupportResistance.htm
- Rolling Pivots - http://www.tradingalchemy.com/ViewChartsRollingFTPivots.htm
- Trailing Stop

asr note: this simple $100 tool gives S/R for last day , 2 day , week it is very useful and also note Pivots ..
- if you combine these pivots with RSI, stochastic divergence signal (arrows )
- combine this S/R for daily/weekly with VP phigh/low is very useful to get an idea

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LIVE trade calls , Market commentary , market insight etc...
asr note: this traderinsight seems more intraday calls subscription than t3live

http://www.traderinsight.com/


LIVE trade commentary
trade commentary , this t3live site seems ok , for $50 you have daily commentary for $250 you have live trading ROOM . This Scott guy appeared on CNBC , bloomberg so he has some credit since appeared on main channels ( again remember Excell futures guy also apperaed on CBC for OIL )

https://t3live.com/index.php

asr: observations :
1) this guy has daily BLOG post that is good , and videos on T3live site shows almost video of T3Live guy on CNBC etc.. almost twice a month from 2008 JUNE to 2009 AUG so this guy seems bit authentic

2) JUNE 8 th post he called 'long rally is hard , SP dropped next week
3) JULY 10 post he called to no more short after SP reached 950 , it raised later weeks . based on those 2 he seems OK , some thing to rely ON ..
4) Here is T3live daily list for 'the Day trade' , it has SPY which is S&P , blog post url is below , 'the day trade list' Image is below that .
http://blog.t3live.com/search?updated-min=2009-01-01T00%3A00%3A00-05%3A00&updated-max=2010-01-01T00%3A00%3A00-05%3A00&max-results=50

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjDfuX-0iSrzEWIXCWA2SluwsIWdLAI5ohYd30Pit0KyKi-2DeIsSzhRXLQteemg4QjhClUGGZXAod7-bb92PNaNvVjIjY5p5JGrpBpl-uhsTj9sEJWTMibZs3iCGdyHL2NeswAyoekauI/s1600-h/MorningGameplan6-8-09.xls



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asr: interesting at this presentation, author shows a tradeSetup with 'downward reversal' followed by ' 4 day up days' etc.. and tests on S&P 500 chart for '27 years' and gets result. it shows 90 trades over 27 years . It is intresting to Learn this SETUP for our OIL trading ...

http://www.traderinsight.com/Videos/Art/082509/082509.html

asr: notice , these professional traders use TRADEStation ( as shown in back result page) , It seems tradeStation is popular ( and easy setup and back test) for professional traders and normal.
- If you have a trade account , basicallly platform is Free and DATA feed you have to pay with any platform
- if no trade account go with multicharts else tardestation . But the Alchamy guy told all their indicators come with system ID , so they work only with either Tradestation or multicharts .
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A 10-Day Trading System
- asr: it seems we can test very easily this kind of setup in TradeStation/Multicharts

The 10-day lows are, by far, more useful then the 10-day highs. Since 1980, the 10-day lows have been an accurate predictor of short-term gains on the SPX index about 62% percent of the time. Simply buying the morning after a low signal and holding for exactly 5 days each time, as described above, would have yielded a gain of around 120% for the 26 year time period, and that is without reinvesting profits.
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Use the Right Technical Tools When You Trade

Oscillators are great tools in a range-trading environment, characterized by short-lived swings (sometimes on the order of days) and quick reversals. Which oscillators have we used with success? Stochastics, Wilder's Relative Strength Index (not the 'relative strength' indicator), and Wilder's parabolic SAR.

Tools such as moving average convergence divergence (MACD), ADX/DMI, and moving average crossovers are more apt to give good signals in a trending (momentum) environment, such as the middle of 2002 (to learn more about these momentum indicators, click here). However, these trend tools are somewhat ineffective in a range-trading environment


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