eSignal - TREND INDICATOR

eSignal indicators

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TheRumpledOne
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Postby TheRumpledOne » Thu Aug 17, 2006 4:24 pm

TRO_SM_CONTROL

TRO_SM_CONTROL indicates who's in control - the buyers or the sellers.

This is not necessarily a trade trigger.

I use it to decide what type of trade to look for long or short.




On a daily time frame, when all 3 line up like a SLOT MACHINE, you can see the payoff!

EFS attached.
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Postby TheRumpledOne » Thu Aug 17, 2006 5:48 pm

ENHANCED TRO_SM_CONTROL

TRO_SM_CONTROL now checking 4 levels for control.



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TRO_CONTROL

Postby TheRumpledOne » Thu Aug 17, 2006 10:41 pm

Latest version TRO_SM_CONTROL 3:35 PM 8/17/2006

Can turn off plot:





User can choose their own colors:




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TRO_CH_CONTROL

Postby TheRumpledOne » Fri Aug 18, 2006 12:34 pm

TRO_CH_CONTROL

Chart version of TRO CONTROL:



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TRO_CONTROL

Postby TheRumpledOne » Fri Aug 18, 2006 1:05 pm

[highlight=red]ENHANCED TRO_CONTROL [/highlight]

I added the percent in range value to the TRO CONTROL SLOT MACHINE displays.

Above 50% the Buyers are in control.

Below 50% the Sellers are in control.

Now you can see how STRONG the buyers/sellers are and trade accordingly.



EFS attached.
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TRO_SM_CONTROL.EFS
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TRO_CH_CONTROL.EFS
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TRO_CONTROL

Postby TheRumpledOne » Fri Aug 18, 2006 1:29 pm

TRO_SM_CONTROL_PMSM POOR MAN'S SLOT MACHINE VERSION

I changed the plot from histogram to squares and the colors are simply red (sellers) and green(buyers).

This may be a little easier to intrepret.



From top to bottom the display is:

INTERVAL

TRADE

MINOR

MAJOR.

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TRO_SM_CONTROL BARS

Postby TheRumpledOne » Fri Aug 18, 2006 3:09 pm

TRO_SM_CONTROL BARS

A fellow trader ask about coloring the bars.

I took the Heikin-Ashi formula code and added it.

The color is based on the INTERVAL.



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Postby TheRumpledOne » Sat Aug 19, 2006 12:05 am

Just having fun.

But this maybe another simple way to look at data.

If the Right Triangle ( close ) is below the Left Triangles, sellers in control. If above, buyers in control.



EFS attached.
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TRO_thermometer.EFS
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TRO_SM_CONTROL_PMSM2

Postby TheRumpledOne » Sat Aug 19, 2006 11:08 pm

TRO_SM_CONTROL_PMSM2

TRO_SM_CONTROL_PMSM2 is another version created to match the TradeStation version. I think this just may be the best indicator I have ever written.

You can watch the struggle between buyers and sellers.

How I use it:

The Major/Minor daily is the row that dictates which way to trade.

If buyer/buyers then I look to buy.

If seller/sellers then I look to short.

If Major and Minor disagree... I WAIT. NO TRADING.

Then, I look at the 60 minute row. Same rules as daily.

If I am a buyer and the 1/5/15 rows all say seller, I know the buyers will be pushing the sellers back soon.

When I see the price stop moving at DYNAMIC SUPPORT, then I buy.

When I see the price stop at dynamic resistance and the sellers take control on the 1 or 5, I sell.

This is so simple it's not funny.

All you have to do is follow the rules.



EFS attached.
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TRO_SM_CONTROL_PMSM2.EFS
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TRO CONTROL - ENHANCED AGAIN

Postby TheRumpledOne » Sun Aug 20, 2006 3:37 am

TRO_SM_CONTROL_PMSM3

Should have thought of this in the first place!

You can now specify the intervals.





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TRO_SM_CONTROL_PMSM3.EFS
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