TRO PLOT GC

[TheRumpledOne]

TRO PLOT GC



Do you like pretty colors? LOL!

TRO PLOT uses the gradient features of 8.2

ELD and Workspace attached.

[rrobin]

I just loaded this.

Now I need sunglasses.

Good luck with the band vote.

[chetv]

I am fairly new with Tradestation. I have read a lot of the threads about TRO. I think I have this all installed correctly.

How is this indicator to be used? Can someone point me to any posts that explain how this indicator came about and/or how to use it?
Thanks
Chet

[TheRumpledOne]

Chet:

The TRO PLOT indicators are tools that eliminate the need to write plot indicators.

You put whatever values, formulas or functions in the input and TRO PLOT will plot it on the chart or radar.

For example, one input could be DAILYOPEN and it will plot the daily open price. Another input could be xaverage(c, 5) which would plot the ema(5) on the chart or display the value in radarscreen.

The main thing to remember is the result of your formula or function must be a NUMBER.

CLOSE - OPEN is ok to use.

But CLOSE - OPEN > 0 is NOT ok to use because it evaluates to TRUE or FALSE.

The only limitation to TRO PLOT is your imagination.

[Ken_S]

Avery,
Do you think TRO Plot could be modified to do this:
First three columns Input: symbol, interval (daily), Retrace, Profit target, bars back

TRO PLOT GC column Output would be the value for Total profit as calculated below:

If Open>Close[1] and Low<Open-retrace-profit target then Total profit = Total profit+ profit target

Else
Total Profit Target = Profit Target - (Close -(open-retrace))

If Open <Close[1] and High > OPen +retrace+profit target then total profit =total profit +profit target

Else
Total Profit Target = Profit Target - ((open +retrace)-close)

I hope its clear enough. Basically, I'm trying to get the profitability of a strategy without applying a strategy to a chart and waiting for the data and report to calculate.

Thanks in advance.

[TheRumpledOne]

No.

You would have to write an indicator from scratch to do that.

[Ali Son]

Yes, I empathize with your plight, KenS.
I've been trying to do the same thing with Radarscreen for a couple of years now. Would make things a lot easier, but no one seems to really no how to do this without some coding complexity.

Avery,
Do you think TRO Plot could be modified to do this:
First three columns Input: symbol, interval (daily), Retrace, Profit target, bars back

TRO PLOT GC column Output would be the value for Total profit as calculated below:

If Open>Close[1] and Low<Open-retrace-profit target then Total profit = Total profit+ profit target

Else
Total Profit Target = Profit Target - (Close -(open-retrace))

If Open <Close[1] and High > OPen +retrace+profit target then total profit =total profit +profit target

Else
Total Profit Target = Profit Target - ((open +retrace)-close)

I hope its clear enough. Basically, I'm trying to get the profitability of a strategy without applying a strategy to a chart and waiting for the data and report to calculate.

Thanks in advance.