IBH Cumulative Tick Table of Contents

Size: px

Start display at page:

Download "IBH Cumulative Tick Table of Contents"

Beverley Singleton
5 years ago
Views:

IBH Cumulative Tick Table of Contents New in Version 5...2 Overview...2 Getting Started Quick Start...3 IBH Cumulative Tick Indicator H.CT...4 Configuration...4 Configuration: General Tab.

1 IBH Cumulative Tick Table of Contents New in Version Overview...2 Getting Started Quick Start...3 IBH Cumulative Tick Indicator H.CT...4 Configuration...4 Configuration: General Tab...4 Configuration: Inputs Tab...5 Configuration: Alerts Tab...5 Configuration: Style Tab...5 Configuration: Color Tab...5 Configuration: Scaling Tab...6 Configuration: Advanced Tab...6 Chart Types Supported...6 IBH Cumulative Tick Trend Indicator H.CT-Trend...6 Configuration...7 Configuration: General Tab...7 Configuration: Inputs Tab...7 Configuration: Alerts Tab...8 Configuration: Style Tab...8 Configuration: Color Tab...8 Configuration: Scaling Tab...8 Configuration: Advanced Tab...8 Chart Types Supported...8 IBH Cumulative Tick Swing Indicator H.CT-Swing...9 Configuration...9 Configuration: General Tab...9 Configuration: Inputs Tab...10 Configuration: Alerts Tab...10 Configuration: Style Tab...10 Page 1 Copyright 2018

2 Configuration: Color Tab...10 Configuration: Scaling Tab...10 Configuration: Advanced Tab...11 Chart Types Supported...11 Advanced Ideas for SPY/ES Trading...11 Advanced Ideas for QQQ/NQ Trading...12 Advanced Ideas for IWM/RTY Trading...12 Support...12 Disclaimer...13 New in Version 5 Addition of the H.CT-Trend indicator All documentation changes from version 4 are highlighted (with the exception of the H.CT- Trend section as it is all new). Overview This indicator accumulates all ticks during a trading session (where session is either within the daily session, or since a specified date and time) and displays that value at the close of each bar. A Tick index provides you with the number of stocks in a specific exchange or broad market index whose last trade occurred on an uptick minus the number of stocks in a specific exchange or broad market index whose last trade occurred on a downtick. When the index is greater than 0, there are currently more stocks whose last trade occurred on an uptick than stocks whose last trade occurred on a downtick. When the index is less than 0, there are currently more stocks whose last trade occurred on a downtick than stocks whose last trade occurred on an uptick. This can help to determine short-term market sentiment. This indicator supports all TradeStation tick indices. The complete list of tick indices and all TradeStation Calculated Indices can be found at At the time this document was published the TradeStation tick indexes were: $TIKA - AMEX Tick ($TIKAC - AMEX Tick Composite) $TICK - NYSE Tick ($TICKC - NYSE Tick Composite) $TIKQ - NASDAQ Tick $TIKND - NASDAQ 100 Tick $TIKI - DOW 30 Tick ($TIKIC - DOW 30 Tick Composite) $TIKR - ARCX Tick ($TIKRC - ARCX Tick Composite) $TIKSP - S&P 500 Tick ($TIKSPC - S&P 500 Tick Composite) $TIKRL - Russell 2000 Tick ($TIKRLC - Russell 2000 Tick Composite) Page 2 Copyright 2018

3 $TIKUS - All US Tick ($TIKUSC - All US Tick Composite) $TIKUSL- All Amex, NASDAQ and NYSE Tick ($TIKUSLC - All Amex, NASDAQ and NYSE Tick Composite) Configuration options allow the trader to select the look of the output. The default is a histogram. The indicator package includes three cumulative tick indicators: H.CT to display the cumulative tick of the session, H.CT-Trend to display the cumulative session tick as a trend, H.CT-Swing to display the cumulative tick from a specified starting date and time, useful for swing trading. Use H.CT when the value of the cumulative tick is of interest. Use H.CT-Trend when the direction of the cumulative tick is of interest. Getting Started Quick Start This indicator includes a sample workspace called IBH CUMULATIVE TICK.TSW TradeStation should install the workspace into your default workspace folder. Open that workspace to see a number of chart windows with the indicators installed in various different configuration settings. If you can not find the workspace or TradeStation did not download it, keep the following points in mind: Basic Example for SPY, ES, SPX.X analysis and trading: 1. Create a new Chart Analysis chart 2. Insert the $TICK symbol on the chart 3. Set the chart interval to 5 or 15 minutes 4. Insert the IBH Cumulative Tick H.CT indicator (turn on Prompt for Format ). Ensure the Study is based on $TICK on the General tab. Page 3 Copyright 2018

IBH Cumulative Tick Indicator H.CT This picture represents the default output of the IBH Cumulative Tick H.CT indicator inserted on a $TICK 15 minute chart.

4 IBH Cumulative Tick Indicator H.CT This picture represents the default output of the IBH Cumulative Tick H.CT indicator inserted on a $TICK 15 minute chart. The indicator calculates a running value of the cumulative ticks in the current session which could aid in comparing market strength against previous sessions. The indicator works on minute interval charts only. The Magenta bar signifies that the Cumulative Tick for the current period is larger than the previous period, Yellow bar signifies a Cumulative Tick reading that is lower (smaller) than the previous period. Configuration After you import the indicator you can insert it in any chart analysis window on minutes interval. The name of the indicator is IBH Cumulative Tick H.CT When you format the indicator there are several tabs of interest. Configuration: General Tab In the default configuration, the Update value intra-bar (tick-by-tick) is NOT selected. Update value intra-bar (tick-by-tick) is supported, clicking the box may impact your system performance. If you built your chart with both a tick index and a market index such as SPY then ensure the Base study on pull-down menu selects the tick index. Page 4 Copyright 2018

5 Configuration: Inputs Tab Name Default Value Description upcolor Magenta Color of the output of the indicator when the cumulative tick generated by the current bar is a value GREATER THAN the cumulative tick generated by the previous bar. nochgcolor White Color of the output of the indicator when the cumulative tick generated by the current bar is a value SAME AS the cumulative tick generated by the previous bar. dncolor Yellow Color of the output of the indicator when the cumulative tick generated by the current bar is a value LOWER THAN the cumulative tick generated by the previous bar. DisplayOnlyCrntDay FALSE When FALSE the cumulative tick of all sessions within your chart are displayed. When TRUE the cumulative tick of only the current trading day is displayed. ShowZeroLine FALSE When TRUE a line on the zero value is displayed to enhance the readability of positive and negative values for cumulative tick. upcolor, nochgcolor, dncolor can be any of Black, Blue, Cyan, Green, Magenta, Red, Yellow, White, DarkBlue, DarkCyan, DarkGreen, DarkMagenta, DarkRed, DarkBrown, DarkGray, LightGray. Alternatively, if your preferred color is not listed then an entry of RGB(rrr, ggg, bbb) is valid where rrr, ggg, bbb represents the red, green, and blue components of a custom color. Configuration: Alerts Tab Alerts are not supported. Configuration: Style Tab Specifies the output type of the indicator. The default is Histogram for CumulatveTik and Line for ZeroLine. Configuration: Color Tab Has no impact on the behavior of the Cumulative tick output (those output colors are defined in the input tab). Use this tab to set the color of the ZeroLine. Page 5 Copyright 2018

Configuration: Scaling Tab There is nothing on this tab that should be changed. Configuration: Advanced Tab There is nothing on this tab that should be changed.

6 Configuration: Scaling Tab There is nothing on this tab that should be changed. Configuration: Advanced Tab There is nothing on this tab that should be changed. Chart Types Supported Only minutes intervals are supported on the chart window. Generally speaking, the larger the minutes time period the slower the cumulative tick moves and may be more useful in gauging true market 'sentiment.' Try the indicator on 5 and 15 minutes charts. Using a 1 minute chart generally creates too many signals. IBH Cumulative Tick Trend Indicator H.CT-Trend This picture represents the default output of the IBH Cumulative Tick H.CT-Trend indicator inserted on a $TICK 5 minute chart. The indicator calculates a running value of the cumulative ticks in the current session but only displays whether the current cumulative value is higher or lower than the cumulative tick calculated in the previous bar. The indicator works on minute interval charts only and updates the output only the close of the bar/candlestick. The Green bar signifies that the Cumulative Tick for the current period is larger than the previous period and the trend is upwards, Red bar signifies a Cumulative Tick reading that is lower than the previous period and the trend is downwards. It is straightforward to see the difference in output on the following chart where the IBH Page 6 Copyright 2018

Cumulative Tick H.CT indicator has been added to the chart: H.CT-Trend shows direction of the cumulative tick. H.CT shows the value of the cumulative tick.

7 Cumulative Tick H.CT indicator has been added to the chart: H.CT-Trend shows direction of the cumulative tick. H.CT shows the value of the cumulative tick. Configuration After you import the indicator you can insert it in any chart analysis window on minutes interval. The name of the indicator is IBH Cumulative Tick H.CT-Trend When you format the indicator there are several tabs of interest. Configuration: General Tab In the default configuration, the Update value intra-bar (tick-by-tick) is NOT selected. Update value intra-bar (tick-by-tick) is NOT supported. If you built your chart with both a tick index and a market index such as SPY then ensure the Base study on pull-down menu selects the tick index. Configuration: Inputs Tab Name Default Value Description upcolor Green Color of the output of the indicator when the cumulative tick trend is positive (generated when the current bar is a value GREATER THAN the cumulative tick generated by the previous bar). nochgcolor White Color of the output of the indicator when the cumulative tick trend generated by the current bar is a value SAME AS the cumulative tick generated Page 7 Copyright 2018

8 Name Default Value Description by the previous bar. dncolor Red Color of the output of the indicator when the cumulative tick trend generated by the current bar is a value LOWER THAN the cumulative tick generated by the previous bar. DisplayOnlyCrntDay FALSE When FALSE the cumulative tick trend of all sessions within your chart are displayed. When TRUE the cumulative tick of only the current trading day is displayed. ShowZeroLine FALSE When TRUE a line on the zero value is displayed to enhance the readability of positive and negative values for cumulative tick. upcolor, nochgcolor, dncolor can be any of Black, Blue, Cyan, Green, Magenta, Red, Yellow, White, DarkBlue, DarkCyan, DarkGreen, DarkMagenta, DarkRed, DarkBrown, DarkGray, LightGray. Alternatively, if your preferred color is not listed then an entry of RGB(rrr, ggg, bbb) is valid where rrr, ggg, bbb represents the red, green, and blue components of a custom color. Configuration: Alerts Tab Alerts are not supported. Configuration: Style Tab Specifies the output type of the indicator. The default is Histogram for CTik Trend and Line for ZeroLine. Configuration: Color Tab Has no impact on the behavior of the Cumulative tick trend output (those output colors are defined in the input tab). Use this tab to set the color of the ZeroLine. Configuration: Scaling Tab There is nothing on this tab that should be changed. Configuration: Advanced Tab There is nothing on this tab that should be changed. Chart Types Supported Only minutes intervals are supported on the chart window. Generally speaking, the larger the Page 8 Copyright 2018

minutes time period the slower the cumulative tick moves and may be more useful in gauging true market 'sentiment.' Try the indicator on 5 and 15 minutes charts.

9 minutes time period the slower the cumulative tick moves and may be more useful in gauging true market 'sentiment.' Try the indicator on 5 and 15 minutes charts. Using a 1 minute chart generally creates too many signals. IBH Cumulative Tick Swing Indicator H.CT-Swing This picture represents the default output of the IBH Cumulative Tick H.CT-Swing indicator inserted on a $TICK daily chart. The indicator works on daily or minute interval charts and updates the output at the close of the bar/candlestick. The Magenta bar signifies that the swing cumulative tick through the current day is larger than the swing cumulative tick generated through the previous day, Yellow bar signifies a swing cumulative tick reading that is lower than the previous day. Configuration After you import the indicator you can insert it in any chart analysis window on daily or minutes interval. The name of the indicator is IBH Cumulative Tick H.CT-Swing When you format the indicator there are several tabs of interest. Configuration: General Tab In the default configuration, the Update value intra-bar (tick-by-tick) is NOT selected and not supported. If you built your chart with both a tick index and a market index such as SPY then ensure the Base study on pull-down menu selects the tick index. Page 9 Copyright 2018

10 Configuration: Inputs Tab Name Default Value Description ctstartdate The date when the cumulative swing tick should begin calculation; format is YYYYMMDD, where represents Feb 3, 2017 ctstarttime 930 The time during ctstartdate when cumulative swing tick should begin calculation. Ignored if the chart interval is daily. upcolor Magenta Color of the output of the indicator when the cumulative tick generated by the current bar is a value GREATER THAN the cumulative tick generated by the previous bar. nochgcolor White Color of the output of the indicator when the cumulative tick generated by the current bar is a value SAME AS the cumulative tick generated by the previous bar. dncolor Yellow Color of the output of the indicator when the cumulative tick generated by the current bar is a value LOWER THAN the cumulative tick generated by the previous bar. upcolor, nochgcolor, dncolor can be any of Black, Blue, Cyan, Green, Magenta, Red, Yellow, White, DarkBlue, DarkCyan, DarkGreen, DarkMagenta, DarkRed, DarkBrown, DarkGray, LightGray. Alternatively, if your preferred color is not listed then an entry of RGB(rrr, ggg, bbb) is valid where rrr, ggg, bbb represents the red, green, and blue components of a custom color. Configuration: Alerts Tab Alerts are not supported. Configuration: Style Tab Specifies the output type of the indicator. The default is Histogram. Configuration: Color Tab Has no impact on the behavior of the indicator. The output colors are defined in the input tab. Configuration: Scaling Tab There is nothing on this tab that should be changed. Page 10 Copyright 2018

11 Configuration: Advanced Tab There is nothing on this tab that should be changed. Chart Types Supported Daily and minutes intervals are supported on the chart window. Generally speaking, the larger the minutes time period the slower the cumulative tick moves and may be more useful in gauging swing market 'sentiment.' Try the indicator on daily and 30 or 15 minutes charts. Advanced Ideas for SPY/ES Trading This section explains how to create a chart utilizing cumulative tick to day trade SPY and/or ES. Build a 15 minute trading chart of SPY with the cumulative tick indicator inserted for both $TICK (NYSE) and $TIKSP (S&P500) using the following steps: 1. Create a new Chart Analysis chart with SPY (or $ES.D), Format the symbol: General Tab: set the chart interval to 15 minutes and the Display Time Zone to LOCAL 2. Insert the $TICK symbol on the chart, Format the Symbol: General Tab: set the Display Time Zone to LOCAL Style Tab: select Make price data invisible Scaling Tab: select Scale On to No Axis and Sub-graph to 1 3. Insert the $TIKSP symbol on the chart, Format the Symbol: General Tab: set the Display Time Zone to LOCAL Style Tab: select Make price data invisible Scaling Tab: select Scale On to No Axis and Sub-graph to 1 4. Insert the IBH Cumulative Tick H.CT indicator, Format the Indicator: General Tab: Base the study on $TICK 5. Insert the IBH Cumulative Tick H.CT indicator, Format the Indicator: General Tab: Base the study on $TIKSP Inputs Tab: Change the values for upcolor, nochgcolor, and dncolor so that you can visually differentiate the Cumulative Tick for NYSE from SP500 Page 11 Copyright 2018

The chart you create will be similar to the following chart where SPY sits above the cumulative tick for $TICK and that sits above the cumulative tick for $TIKSP: Make sure you have several months of

12 The chart you create will be similar to the following chart where SPY sits above the cumulative tick for $TICK and that sits above the cumulative tick for $TIKSP: Make sure you have several months of chart data so that you can evaluate the scenarios presented by the $TICK and $TIKSP cumulative tick charts. For example, consider whether the $TICK cumulative tick is trending (up or down), oscillating around zero (e.g. spending time above zero then below zero then above), or not moving much at all for the session. Then review the $TIKSP cumulative tick using the same categories. Review the resulting price action of SPY Finally, copy this chart, paste as a new chart, then change the interval setting to 5 minutes to determine whether that is a better interval for your trading style. Advanced Ideas for QQQ/NQ Trading Build a 15 minute trading chart by using the steps outlined in Advanced Ideas for SPY/ES Trading. However, replace SPY with QQQ and $TIKSP with $TIKND or $TIKQ. Advanced Ideas for IWM/RTY Trading Build a 15 minute trading chart by using the steps outlined in Advanced Ideas for SPY/ES Trading. However, replace SPY with IWM and $TIKSP with $TIKRL. Support send to indy.by.harvey@gmail.com Page 12 Copyright 2018

13 In addition to a clear description of the problem, configuration details of the symbol and the inputs tab of the indicator, include the version of IBH Cumulative Tick indicator package and your TradeStation platform. Disclaimer Success in trading is not guaranteed The developer of this indicator has made good efforts to produce a quality product, however the developer is not liable should importing and inserting this indicator impact the performance or utility of the customer's TradeStation platform The results of any and all trades that the customer takes which may have been influenced by this indicator are the customer's and the customer's alone, regardless of whether it is a profit or a loss Neither TradeStation Technologies nor any of its affiliates has reviewed, certified, endorsed, approved, disapproved or recommended, and neither does or will review, certify, endorse, approve, disapprove or recommend, any trading software tool that is designed to be compatible with the TradeStation Open Platform. TradeStation, EasyLanguage and the EasyLanguage Specialist logo are registered trademarks of TradeStation Technologies, Inc. Required USA Government Disclaimers: Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site or during instructional sessions. The past performance of any trading system or methodology is not necessarily indicative of future results. CFTC RULE HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN ACTUALLY EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. Page 13 Copyright 2018

Adaptive Oscillator for TradeStation

1 Adaptive Oscillator for TradeStation PZT PROOF is an adaptive oscillator based on a statistical range of price action. Similar to a stochastic indicator, it creates values by comparing the distance between