Program 22 | Configurable three line break indicatorįor more information on program 22 click here the program doesn’t recognize a pivot and then plot it retroactively, hence looking good on a chart but having little practical use). Should the condition cease to be true during the formation of a bar, then the ‘point’ is removed.
‘Points’ are drawn on the chart at the specific bar where the conditions become true. The program works by searching for four distinct chart conditions based on a proprietary combination of the Commodity Channel Index (CCI), stochastics and price momentum. Program 21 | Turning Point Finder is a TradeStation EasyLanguage ShowMe study designed to find turning points in price action on a chart. Program 21 | Turning points show-me studyįor more information on program 21 click here The functionality to draw the ‘quasi’ 3 line break boxes has been removed from the tutorial 23 program and showme dots are drawn at the start of, what would have been the green boxes and what would have been the red boxes on the tutorial 23 indicator.
This program takes the work done in tutorial 23 and converts it to a show me study. I created a ‘zoomed in ‘ effect in Photoshop so you can see these lines more clearly.Ĭlick here to see more detail and to download program 2 Program 3 | Three line break show-me study The image on the right shows the pivot based levels as green lines and today’s pivots as different colored lines with labels showing the type of pivot line (e.g. The rationale behind the program is that if pivot levels have had real significance on a previous day then some of that influence could still be felt on the current day. Program 2 calculates these pivot levels (using the classic method of calculation, the ‘Woodie’ levels, or the ‘Camarilla’ levels) it then seeks to find pivot levels that are close to those found previously on the chart (within a specified user input tolerance) and draws these levels on the chart.
The program works with versions 8.7 and above, including TradeStation version 10.
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