!RL_AD_all AKA AD_RACE indicator vers 2.0

The latest version of the !RL_AD_ALL indicator includes the zero 2:1 and –2:1 lines as well as text annotation of the a/d line.

 

This indicator is used to visually plot the Advance/Decline line of several indexes for intraday monitoring of strength both relative to other indexes as well as to watch for market turning points.

The indicator comes packaged with a worksheet setup  for several indexes.  It is a bit tricky to setup as TradesStation requires a symbol to be displayed in order to annotate a chart, so Data Stream one needs to be “Scaled” out of the chart and the chart expanded and scaled using background scaling in order to be used properly.

 

Understanding how the symbols are setup is important to understanding how to use the indicator.  You can have up to 8 a/d lines and each a/d line must have an advance/decline pair. Here is the example for the provided worksheet.

 

Data Stream 3 in this example is the NYSE advances and Data Stream 4 is the NYSE declines.  (odd even datastream = one a/d line).

 

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The first input on the Format Analysis box tells the indicator how many data stream pairs you have setup, in this example we use the first 7 (data stream 1 – 14).  Although we have setup AMEX  as a data stream, we find it of little use so we have excluded it from the indicator by picking 7 a/d lines to show (1-7).

The next inputs are the tag names that will float with the latest A/D values to help you identify the A/D lines.

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The indicator runs in several modes of which we find the modeDiff the most useful which is simply (A-D)/(A+D).

The final chart should look something like this:

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This latest version includes the A/D ratio as part of the annotation, allowing you to see a more traditional value for the A/D line.

The !RL_AD_ALL indicator is for premium members only and is one of our most used trading tools.  If you would like to see the indicator in action and how we use it to help us trade you can visit us in the Traders Live! trading room.

 

Download:

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This content is only available to premium members.  If you would like to join and have access to all my indicators checkout the current special being offered here:  Premium Membership 

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This content can only be seen by Premium members.

1. Download and install the ELD:

2. Download and install the worksheet:

If you have any issues let us know.  Support@redliontrader.com

Enjoy!

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Ned Davis 4% Backtesting Strategy Beta Version 0.9

We are releasing a cool first past strategy using the new TradeStation 9.0 Price Series Provider object to generate a long only entry and exit for backtesting the Ned Davis 4% system.

 

It is not limited to just the Ned Davis system which uses a 4% move in the Value Line index for entries and exit, you can change your trigger symbol and percentages.  It is currently fixed to triggering on weekly moves of the tracking symbol however.  You can on the main chart also pick which instrument you wish to trade.  Currently we trade the UWM.

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(Click on image to enlarge)

With the ELD we are packaging both the strategy and the indicator shown at the bottom of our sample worksheet.  Each time the value line moves more than 4% in a week the system generates a buy signal.  A drop of 4% am exit sell signal.

To read more about the Ned Davis indicator and how to set it up please go here: http://www.redliontrader.com/headline/ned-davis-4-indicatoror-a-generic-4-weekly-indicator/

The setup for the strategy is currently the same as the indicator:

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One need only pick the tracking symbol to look for a weekly change and the percentage number that will enter the trade.  The trades will be executed on the Main symbol of the chart.

This is a great example of how to use the PSP in a different timeframe and a different symbol to generate trades.  It is also a great research vehicle for finding the best symbols to trade using the 4% system.

To download the strategy you must be logged in a gold member.  If you are not a gold member you can upgrade here:

http://www.redliontrader.com/membership/

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This content is only available to premium members.  If you would like to join and have access to all my indicators checkout the current special being offered here:  <a href=”http://www.redliontrader.com/membership/”>Premium Membership </a>

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Download:

Installation Instructions:

1. Download the ELD and install first

2. Download the sample worksheet

ELD Download:

!Worksheet Download:

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Ned Davis 4% indicator–or a generic 4% weekly indicator

In celebration of TradeStation Bonanza weekend we are putting out a beta version of our 4% indicator free for those registered on the site.  We are also issuing a 4% backtesting strategy for our gold members.

This indicator is a nice example of using the new TS9 price series provider object to retrieve price data from a 2nd symbol using a different timeframe.  Currently that time frame is fixed to weekly.

 

If you need reminding what the 4% system is you can go here:

http://www.redliontrader.com/tools/zweig-ned-davis-4-system/

The defaults are set to retrieve the Value Line Index which is the basis of the 4% system.  Once nice thing about the indicator is that for most of us, the Value Line Index $VAY is available only delayed.  TradeStation does not allow you to mix delayed data streams with other symbols.  The Price Series Provider does, however.

 

The sample worksheet has the Value Line Index driving the indicator, while any other symbol can be used as the main chart symbol.  For anyone who has tried this before using just data streams you are now saying “Cool”.

 

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(click on the chart to enlarge)

The chart above is the Continuous SP500 futures contract on a daily basis with the 4 % indicator below showing the % move of the value-line index.  You can clearly see from the indicator that we had several buy signals (the red line moves above the 4% blue line) since September, but this is the first time we have a sell signal (line moves below the –4% yellow line).

 

We have several enhancements planed for this indicator but we want to get a beta version out there for our members to try.

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The inputs are quite simple.  The symbol you want to use to track, in our case the Value Line Symbol $VAY and where you want to draw the oversold and overbought lines and again in our case 4%.

Hope you enjoy it.  Let us know what you would like to see for future development.  Remember this has to be TradeStation 9.0 our above to use!.

 

This download does not include the strategy for backtesting or trading.  That is only available to gold members.  If you are interested in using the strategy and becoming gold you can find out more here:

http://www.redliontrader.com/membership/

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This content is only available to premium members.  If you would like to join and have access to all my indicators checkout the current special being offered here:  <a href=”http://www.redliontrader.com/membership/”>Premium Membership </a>

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Installation Instructions:

1. Download the ELD and install first

2. Download the sample worksheet

ELD Download:

Worksheet Download: