SuperTrend Multi Time Frame Indicator
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SuperTrend Multi Time Frame Indicator

Today we are talking about our SuperTrend Multi Time Frame Indicator for TradeStation and MultiCharts platforms. Many traders love the SuperTrend indicator because it’s simple, and it works well in trending markets. SuperTrend is a good indicator, but it can provide many false signals, especially when the market is ranging. Minimize false Signals To try to minimize many false signals, what…

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…

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…

Smoothed RSI indicator for TradeStation and MultiCharts
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Smoothed RSI indicator for TradeStation and MultiCharts

In the post, we show how to increase both the accuracy and responsiveness of a trading strategy with a little lag penalty. This can be done by using smoothing indicators that trade-off increased lags against less noise in indicator signals from price fluctuations. Let’s see how to create a smoothed RSI indicator only using a Moving…

How to use the Connors RSI2 Strategy using TradeStation, MultiCharts & TradingView
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How to use the Connors RSI2 Strategy using TradeStation, MultiCharts & TradingView

If you are looking for a way to minimize risk on your trades, Connors RSI 2 strategy is one of the best ways to do so.  In combination with the explanation for Connors’ RSI-2 indicator, this post will teach you how to utilize this approach with TradeStation, MultiCharts, and TradingView so that you may profit…

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