Summary

This is a part II of Tushar Chande's RAVI indicator from his book "Beyond Technical Analysis"

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Tushar Chandes RAVI Indicator (Part II) gives remarkable results, yet very similar to his RAVI Indicator (Part I). As with the Part I version of his RAVI Indicator, I felt the need to modify the threshold to something different from 3%.

Downloads

Chandes RAVI (Part II) (ELD and Workspace)

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Summary

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Usage

Here's a variation of the Heikin Ashi Indicator technique that looks more like a time line than a powerful indicator... but don't let looks fool you! This variation of the indicator is very, very powerful! It allows for the use of the Heikin Ashi techniques, without having to replace your candlesticks. Just look for the color changes in the indicator, and you know that you've changed trends. The original author (who's name is unknown) claims that this version of the Heikin Ashi Indicator works best on longer time frames, such as weekly and monthly, but I've used it in minute charts, and have had great success as well, though more choppy, as you can see in the images.

Downloads

Downdload Heikin Ashi Variation for TradeStation (ELD and Workspace)

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Summary

Based on James Altucher's book Trade Like a Hedge Fund: 20 Successful Uncorrelated Strategies & Techniques to Winning Profits (Wiley Trading), this useful indicator is great for pairs traders that would like to trade only one side of a pair. I really recommend that you buy James Altuchers book, or at least check it out from the library. His book describes Unilateral Pairs Trading in depth, as well as several other trading techniques for high profits, and just general trading thoughts that are highly refreshing. The download includes 2 indicators and a bonus showme for buy/sell conditions At this time, the indicator is just for TradeStation, but as you all know, I'll get it into NinjaTrader soon!! NinjaTrader was missing a key function I needed, that I'm having to create by hand.

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Usage

James Altuchers book Trade Like a Hedge Fund: 20 Successful Uncorrelated Strategies & Techniques to Winning Profits (Wiley Trading) was my inspiration for the Unilateral Pairs Trading technique that he outlines in chapter 2. I've code up a simple TradeStation ShowMe to indicate buy conditions. You can turn on sell conditions too, but I've got some improvements to do on that half, so don't say I didn't warn you ;) The idea is that when two pairs are trading that are highly correlated ( I use pairs with a correlation value > .85, but that's just me) they will shift out of sequence with each other for short bits of time, and statistically they will "re-converge"

And how do I find 2 stocks that are highly correlated like that? Well, I wrote a program to analyze all the stocks, and compile them into a list, and tell me which ones are highly correlated :) You know, the easy, lazy programmers way!! I used to have it online, but there wasn't enough interest to keep it going. If I was to get a sudden surge in interest, I'd consider putting it back online again.... I might even make it free!! Just let me know if you prefer online, or a desktop app you run at home.

So now that you have a highly correlated pair, how to you apply it to the Unilateral Pairs Trading technique that James Altucher outlines? Well, basically for a long buy, and the ShowMe takes the work out of it, if the standard deviation of some calculated ratios is less then -1.5 (modifiable to suit your trading style) AND the percent change in price is greater than 2%, then you have a buy signal. On the other hand, if you have 1.5 standard deviations and greater than -2% change, then you have a short sell trading opportunity. There is more to it than that, and James Altuchers book is really great to read for insight into how this, and many other, trading techniques work for hedge fund managers

Downloads

Download Unilateral Pairs Trading Indicator (ELD and Workspace)

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Summary

This is the Heikin Ashi Indicator for TradeStation (ELD and Workspace included). If you aren't familiar with the Heikin Ashi Indicator, then take a look at the comparison screen shots that I have below. The upper chart has the Heikin Ashi Indicator applied to it, while the lower chart is a standard candlestick chart. For more information on the Heikin Ashi Indicator check out either this Investopedia Article or this Investopedia Definition

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Usage

The Heikin Ashi Indicator is used by technical traders to identify a given trend more easily. The Heikin Ashi technique should be used in combination with standard candlestick charts, as well as other indicators, to provide the technical trader the information needed to make a profitable trade.

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TradeStation Heikin Ashi Indicator (ELD and WorkSpace)

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Summary

OK Guys... I didn't want my TradeStation buddies to get too jealous.... I'm sure that most of you have seen that I posted code for the Hilbert Sine Wave Indicator for NinjaTrader last night, and I really didn't want anyone to feel left out, so here it is.

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The Hilbert Sine Wave Indicator is based on John Ehlers Hilbert Sine Wave Indicator from his book Rocket Science for Traders. This isn't the original code given in the book, but a variation that is better smoothed. I highly recommend that you read the chapter on the Hilbert Sine Wave Indicator from his book for the best explanation.

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TradeStation Hilbert Sine Wave Indicator (ELD and Workspace)

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Summary

This is the TradeStation code (ELD and Workspace example) for the Distance Coefficient Ehlers Filter as discussed in John Ehlers book,   Rocket Science for Traders: Digital Signal Processing Applications.  The Distance Coefficent Ehlers Filter is a type of filter in the non-linear FIR (Finite Impulse Response) filter class. This type of filter is great for filtering out pricing data that isn't stationary. ie, cycling.

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the Distance Coefficient Ehlers Filter as discussed in John Ehlers book,   Rocket Science for Traders: Digital Signal Processing Applications   can be used similarly to the SMA (Simple Moving Average) or the EMA (Exponential Moving Average). There is more to it than that, but the details are better understood by reading his book. I've found the Distance Coefficient Ehlers Filter to be much more responsive than either the Simple Moving Average, or the Exponential Moving Average, but it also has to do with the stationary vs non-stationary response that the stock is undergoing. I really cant do the book justice. Read the book and make a buck :)

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Distance Coefficient Filter Indicator (ELD and Workspace)

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Summary

The Delayed Channel Breakout Strategy appears to have first originated from an Angus Jackson and later converted to TradeStation by an unknown author

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The Delayed Channel Breakout Strategy is an easy to use strategy that buys and sells based on channel breakouts (hence the name). Essentially, just buy when it says buy and sell when it says sell. I always use other indicators to make sure that the Delayed Channel Breakout Strategy is still in check though.

Downloads

Delayed Channel Breakout Strategy (ELD and Workspace Files)

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Summary

The DBS Where Indicator, also known as Dynamic Breakout System Where Indicator, is a modification of the original Dynamic Breakout system, designed by George Pruitt for Futures Magazine in 1996

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The DBS Where Indicator is a variation of the Dynamic Breakout System (DBS) Indicator that was originally written about by George Pruitt for Futures Magazine in 1996.

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DBS Where Indicator (ELD and Workspace)

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Summary

The DBS Day Indicator is a single plot indicator, that appears to show trending information, similar to the RSI indicator

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Though I have no information on exactly what the DBS Day indicator is supposed to do, I've been analyzing it as an indicator that is used similar to the RSI Indicator. And as always, if you have any additional information, feel free to post a comment below to help other traders expand there mind.

Downloads

DBS Day Indicator (ELD and Workspace)

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Summary

This is the DBS Break Strategy that is based on the DBS Break Indicator that is written about in a different post.

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Usage

The DBS Break Strategy is a buy sell strategy based on the DBS Break Indicator. Simply put, if the strategy says buy, you buy, if the strategy says sell, you sell

Downloads

DBS Break System (ELD and Workspace)

Happy Trading!