## 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…

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…

## Intraday Intensity Indicator – 2021 Essential Tutorial

In this post, we will take a look at the Intraday Intensity Indicator. The indicator is a highly advanced trading tool that can help you make better decisions in your trades. We’ll go over what it does and how to use it properly. You’ll learn how to use this indicator and why it’s vital to…

## 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

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

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

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…

## Why use a Moving Average Slope – Trading Tips

We are going to discuss the importance of using a Moving Average Slope when trading. I will explain what this is, how we can use it in your trades. The Moving Average Slope (MAS) is a powerful indicator to help you identify trends and momentum. MAS shows the rate of change for an asset, which…