Perry Kaufman – Efficiency Ratio Indicator
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Perry Kaufman – Efficiency Ratio Indicator

Let’s create an indicator of Perry Kaufman from his book, “Trading Systems and Methods.” This comprehensive text provides detailed explanations for each technique with many interesting ideas to explore. We would like start by creating the Efficiency Ratio Indicator today! “Trading Systems and Methods” is an excellent book for anybody wishing to enhance their trading…

Autotrade divergences indicator – How To (AUTO) Trade Divergences
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Autotrade divergences indicator – How To (AUTO) Trade Divergences

Today we would like to share a little tip: trade RSI divergence with the Autotrade divergences indicator. Divergence is a disagreement between a momentum indicator and price. Momentum indicators are the relative strength index (RSI), stochastics, and rate of change (ROC). Generally, you can quickly discover the divergence with your eyes. Fewer momentum signals something…

EasyLanguage for Loop – MultiCharts and TradeStation
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EasyLanguage for Loop – MultiCharts and TradeStation

Today, you’ll learn how to use the EasyLanguage Loop for TradeStation and MultiCharts. A loop is a code command that repeats a set of instructions until a certain condition is satisfied. It’s a fundamental programming concept that is frequently employed in code writing. Let’s say we have to construct an indicator called ShowMe that highlights…

Stock Trading System Benchmark Indicator
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Stock Trading System Benchmark Indicator

Today, we’ll build a Stock Trading System Benchmark Indicator based on the SPDR S&P 500 Exchange Traded Fund (Symbol: SPY). In finance, the benchmark serves as an external reference parameter to value a particular market segment. Let’s look at how to create a buy-and-hold indicator in the context of comparing stock trading systems. The benchmark for our…

How to transform any indicator in a histogram with TradeStation
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How to transform any indicator in a histogram with TradeStation

In this EasyLanguage Tutorial, we’ll teach you how to use the TradeStation Histogram visual mode. Many traders dislike charts that are cluttered with lines, sketches, and indicators. They want to see the actual price action rather than a moving average. Let’s look at a simple example from this article. We can only observe this information through…

How to Create an Indicator with EasyLanguage
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How to Create an Indicator with EasyLanguage

In this basic tutorial, you’ll learn how to build a TradeStation and MultiCharts indicator with EasyLanguage. Let’s make our own indicator in Easylanguage from the ground up. The most basic example is a Moving Average, but we’ll add complexity to the code in order to produce something distinct from what’s already available on the platform. You…

TradeStation Backtest analysis
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TradeStation Backtest analysis

Today we see how to perform the TradeStation Backtest analysis for any financial instrument. Any financial instrument has a fundamental character; it can respond well to breakout strategies or mean-reverting strategies. So, a straightforward first approach can be to try a strategy that buys at the breaking of the day’s high and sells at the breaking of…

How to install the TradeStation platform
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How to install the TradeStation platform

In this tutorial, you will learn how to install the TradeStation platform for desktop and laptop. First of all, you need to download the platform to be installed. Go to tradeStation.com and log in. To download the platform, go to TradeStation Login and choose Client Center and Download Software. Click on Download Now and get your software…

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