TRO 2 CANDLE TRADE INDICATOR

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Blue Rhino
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Postby Blue Rhino » Mon May 14, 2007 6:21 pm

TheRumpledOne wrote:Just load the indicator into a chart that has 89 and 377 ticks and it should work.

Today, it's raining in Antwerp.


The problem is, I don't think TS allows 2 tick charts on same workspace.

Hope the sun comes out soon!

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Susana
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Postby Susana » Mon May 14, 2007 6:39 pm

Avery,

Like Blue mentioned, TS wont allowed multiple tick settings on a single chart. I think you need to create what's called synthetic bar.

If you want a challenge, this is it :)

Susana

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TheRumpledOne
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Postby TheRumpledOne » Mon May 14, 2007 11:36 pm

All you have to do is write a radar screen or chart indicator to load/send values to memory.

Then write another to read from memory and then make the calculations.

I have posted how to do this already

In fact, didn't I write indicators to write/read from memory?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

Susana
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Postby Susana » Mon May 14, 2007 11:53 pm

Ok, I know you are in Belgium but why are you speaking in Chinese.

Me no speakie "not so" easy lang :)

cvax
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Postby cvax » Wed May 30, 2007 5:33 am

May I please get the code for this one too? Much thanks guys.

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TheRumpledOne
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Postby TheRumpledOne » Wed May 30, 2007 12:41 pm

Code: Select all

[LegacyColorValue = true];

{ _TRO_2_Candle_Trade }
   

{Attn: TradeStation
if this indicator is posted on the TradeStation Forum, I, TheRumpledOne, did NOT post it there,
so I can't be blamed for this indicator having my contact info.}


{Programmer:  Avery T. Horton, Jr.  aka TheRumpledOne,
gifts and donations accepted, PO Box 43575, Tucson, AZ 85733 }

{ ? Copyright 2006 Avery T. Horton, Jr.}

inputs:
   iDecimals(4),
   iLongColor(cyan),
   iShortColor(magenta),
   iWaitColor(yellow)   ;



variables:
 
xMaxDiffDate(999999),   
xMinDiffDate(999999),

xMaxDiff(0),   
xMinDiff(999999999),
xAvgDiff(0),
xDiff1(0),
xDiff2(0);   

variables:
 
FG1(white),
BG1(black),

fg2(white),
bg2(black),

fg3(white),
bg3(black),

fg4(white),
bg4(black);

{commentary variables}
variables:
xcomm(0),
oComm1( "" ),    
oComm2( "" ),    
oComm3( "" ),    
oComm4( "" ),    
oComm5( "" ),
oComm6( "" ),
oComm7( "" ),
oComm8( "" ),
oComm9( "" ),    
oComm10( "" );
   
   
{ INITIALIZE }

FG1 = WHITE;
BG1 = BLACK;

fg2 = WHITE;
bg2 = BLACK;

fg3 = WHITE;
bg3 = BLACK;

fg4 = WHITE;
bg4 = BLACK;


xDiff1  = Close of data1 - Open of data1 ;

xDiff2  = Close of data2 - Open of data2 ;

{ Alert criteria }

 
if xDiff1 > 0
and xDiff2 > 0
then begin
   Fg1 = iLongColor;
   Bg1 = BLACK;
end
else
if xDiff1 < 0
and xDiff2 < 0
then begin
   Fg1 = iShortColor;
   Bg1 = BLACK;
end
else
begin
   Fg1 = iWaitColor;
   Bg1 = BLACK;
end;
 


Plot1( 0 , "Trade", Fg1 ) ;
 
 


xComm = _fCommentary(oComm1, oComm2, oComm3, oComm4, oComm5, oComm6, oComm7, oComm8, oComm9, oComm10);

CommentaryCl(oComm1 );

CommentaryCl(oComm2 );
CommentaryCl(oComm3 );
CommentaryCl(oComm4 );
CommentaryCl(oComm5 );
CommentaryCl(oComm6 );
CommentaryCl(oComm7 );
CommentaryCl(oComm8 );
CommentaryCl(oComm9 );
CommentaryCl(oComm10 );
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

arooj
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Postby arooj » Tue Jun 05, 2007 5:49 pm

Dear TRO and all,

I have been studying this indicator in conjunction with the TRO_PSSM_HL, applied to the 20 Cows , and have found excellent correlations (buy at cyan and two green dots - cover if yellow and one red, or two HL red dots; sell at magenta and two red dots, with cover at yellow and and one green or if two green HL dots).

I should post pictures of these. I'm still learning the various radarscreen elds, and would like to "attend" to my herd of cows via a RS window with these indicators visible. If there a shorcut :idea: to this, let me know.







I have also been looking into an interesting indicator, STI(2,5) {google for more} which basically displays synchronous RSI(2) and RSI(5) values > 70 and < 30, which appears to have less lag than other technicals when it comes to assessing price changes. I will work on this as well.

Best to everyone,

arooj

arooj
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Postby arooj » Tue Jun 05, 2007 6:12 pm

I should clarify that it's the PMSM_HL indicator, not PSSM ;-), and that a buy or sell decision is preceded by either a 2-candle yellow dot OR a similarly colored dot (cyan or magenta, respectively).

Also, the rationale behind a RadarScreen window would primarily be ease of use - right now I have five TS workspaces, each of which has 4 charts.

I think that the combo of TRO's two indicators above would also give the ability to "wait for green" for other choices. Price action precedes all indicators, now it's up to the trader to trade.

Susana
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Postby Susana » Tue Jun 05, 2007 10:01 pm

Arooj,

Thank you for the detailed illustration.

If it's not too much trouble could you please post the STI indicator or a direct link ? I googled it but got a bit lost in cyberspace.

Thanks again.

Susana

arooj
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Postby arooj » Tue Jun 05, 2007 10:22 pm

But of course:

www.investorshub.com/boards/board.asp?board_id=7882

Having discovered TRO on Stockfetcher just a couple of months ago, I still have a lot of regard for RSI. Wish I could say the same thing for stochastics ;-)

As for the candle and HL indicator symbiotic relationship, I am more than a little embarrassed to say that TRO, not surprisingly, has mentioned this effective pairing in November '06. He has given so many helpful tools, you really have to choose among them - anyone of them could be the basis of a successful system.

I will put $$ in this strategy since walking forward tests have been pretty darn good.

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