Program 39 – Stochastics for multiple symbols

Program 39 uses the Price Series Provider to calculate and plot stochastic oSlowD for eleven symbols. The program works on intra-day bars and daily charts and was developed in TradeStation 9.0.

The examples below are based on FOREX symbols, but it will also work with futures or equities.

The advantage of using the Price Series Provider is that the indicator can be applied to one specific symbol while providing stochastic information about others. The same result could be achieved by using multiple data streams but the time taken to set up the chart is much longer.

The program is unprotected so you can potentially modify it to use other analysis techniques or use it as a model for your own indicator.

Program 39 workspace with program 39 applied to a 30 minute and daily GBPUSD chart.

The user defines the symbols to be analyzed by entering symbol names in the program inputs (see below).

The UNPROTECTED program (i.e. TradeStation EasyLanguage indicator) DEVELOPED IN VERSION 9.0 of TradeStation are available for immediate download for $59.95. Click the ‘add to cart’ button to pay using Credit card or PayPal. Gold Pass members are eligible for 20% off this price when they type in their special discount code (see //markplex.com/gold-pass-content/ to get the latest code).

Some of program 39’s inputs

The symbols are entered in quotes, e.g. “GBPUSD.” The symbol does not have to include the symbol of the chart that the indicator is applied to, however, to include the symbol for the chart one of the inputs can be made GetSymbolName.

In this example I have used Forex symbols, any valid symbol can be used (provided to subscribe to the relevant data feed). The additional symbols are assumed to have the same bar length as the chart to which the indicator is applied.

The user may also determine whether a plot is drawn for a particular symbol by using the _Plot0 to _Plot10 inputs. So, assuming the indicator were applied a chart with the same symbol inputs as those in the image to the right, if _Plot1 were set to true and _Plot2 were set to false then the oSlowD would be plotted for EURUSD but would not be plotted for AUDUSD.

The other inputs are StochLength, SmoothingLength1, SmoothingLength2, SmoothingType, OverSold, and OverBought.

User inputs

Style and color preferences may be set using Format Indicator

string Symbol0( “GBPUSD” ), // Symbol name-make sure it is in quotes
string Symbol1( “EURUSD” ), // Symbol name-make sure it is in quotes
string Symbol2( “AUDUSD” ), // Symbol name-make sure it is in quotes
string Symbol3( “NZDUSD” ), // Symbol name-make sure it is in quotes
string Symbol4( “USDCAD” ), // Symbol name-make sure it is in quotes
string Symbol5( “USDDKK” ), // Symbol name-make sure it is in quotes
string Symbol6( “USDHKD” ), // Symbol name-make sure it is in quotes
string Symbol7( “USDJPY” ), // Symbol name-make sure it is in quotes
string Symbol8( “USDMXN” ), // Symbol name-make sure it is in quotes
string Symbol9( “USDSEK” ), // Symbol name-make sure it is in quotes
string Symbol10( “USDSGD” ), // Symbol name-make sure it is in quotes

bool _Plot0( True ), // If TRUE plot stochastic for Symbol0
bool _Plot1( True ), // If TRUE plot stochastic for Symbol1
bool _Plot2( True ), // If TRUE plot stochastic for Symbol2
bool _Plot3( True ), // If TRUE plot stochastic for Symbol3
bool _Plot4( True ), // If TRUE plot stochastic for Symbol4
bool _Plot5( True ), // If TRUE plot stochastic for Symbol5
bool _Plot6( True ), // If TRUE plot stochastic for Symbol6
bool _Plot7( True ), // If TRUE plot stochastic for Symbol7
bool _Plot8( True ), // If TRUE plot stochastic for Symbol8
bool _Plot9( True ), // If TRUE plot stochastic for Symbol9
bool _Plot10( True ), // If TRUE plot stochastic for Symbol10

int StochLength( 14 ),
int SmoothingLength1( 3 ),
int SmoothingLength2( 3 ),
int SmoothingType( 1 ), // 1 for Original, 2 for Legacy
double OverSold( 20 ),
double OverBought( 80 ) ;

Video explaining program 39

The UNPROTECTED program (i.e. TradeStation EasyLanguage indicator) DEVELOPED IN VERSION 9.0 of TradeStation are available for immediate download for $59.95. Click the ‘add to cart’ button to pay using Credit card or PayPal. Gold Pass members are eligible for 20% off this price when they type in their special discount code (see //markplex.com/gold-pass-content/ to get the latest code).

Please note that any screen shots on this site are examples and are not meant to imply that any of these programs will generate profitable trades. THESE INDICATORS, SHOW ME STUDIES, STRATEGIES AND OTHER PROGRAMS HAVE BEEN INCLUDED SOLELY FOR EDUCATIONAL PURPOSES.

TO THE BEST OF MARKPLEX CORPORATION’S KNOWLEDGE, ALL OF THE INFORMATION ON THIS PAGE IS CORRECT, AND IT IS PROVIDED IN THE HOPE THAT IT WILL BE USEFUL. HOWEVER, MARKPLEX CORPORATION ASSUMES NO LIABILITY FOR ANY DAMAGES, DIRECT OR OTHERWISE, RESULTING FROM THE USE OF THIS INFORMATION AND/OR PROGRAM(S) DESCRIBED, AND NO WARRANTY IS MADE REGARDING ITS ACCURACY OR COMPLETENESS. USE OF THIS INFORMATION AND/OR PROGRAMS DESCRIBED IS AT YOUR OWN RISK.

ANY EASYLANGUAGE OR POWERLANGUAGE TRADING STRATEGIES, SIGNALS, STUDIES, INDICATORS, SHOWME STUDIES, PAINTBAR STUDIES, PROBABILITYMAP STUDIES, ACTIVITYBAR STUDIES, FUNCTIONS (AND PARTS THEREOF) AND ASSOCIATED TECHNIQUES REFERRED TO, INCLUDED IN OR ATTACHED TO THIS TUTORIAL OR PROGRAM DESCRIPTION ARE EXAMPLES ONLY, AND HAVE BEEN INCLUDED SOLELY FOR EDUCATIONAL PURPOSES. MARKPLEX CORPORATION. DOES NOT RECOMMEND THAT YOU USE ANY SUCH TRADING STRATEGIES, SIGNALS, STUDIES, INDICATORS, SHOWME STUDIES, PAINTBAR STUDIES, PROBABILITYMAP STUDIES, ACTIVITYBAR STUDIES, FUNCTIONS (OR ANY PARTS THEREOF) OR TECHNIQUES. THE USE OF ANY SUCH TRADING STRATEGIES, SIGNALS, STUDIES, INDICATORS, SHOWME STUDIES, PAINTBAR STUDIES, PROBABILITYMAP STUDIES, ACTIVITYBAR STUDIES, FUNCTIONS AND TECHNIQUES DOES NOT GUARANTEE THAT YOU WILL MAKE PROFITS, INCREASE PROFITS, OR MINIMIZE LOSSES.

[Digg]

Disclaimer The information, materials, products and services on this Web site are made available subject to the following terms and conditions. Markplex Corporation reserves the right to change these terms and conditions at its sole discretion. This Web site and any downloads, videos, tutorials, programs and information contained herein is presented solely for educational, informational, and/or entertainment use and under no circumstances should be used for actual trading. We at Markplex Corporation are not Broker/Dealers, Financial Advisers or Registered Analysts. No offer or solicitation to buy or sell securities, securities derivatives, futures products or off-exchange foreign currency (forex) transactions of any kind, or any type of trading or investment advice, recommendation or strategy, is made, given or in any manner endorsed by Markplex Corporation. You are fully responsible for any investment or trading decisions you make. Futures and options trading has a 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. This Web site is neither a solicitation nor an offer to buy and/or 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. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. No warranties of profitability are being made or given. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options futures or forex); therefore, you should not invest or risk money that you cannot afford to lose. CFTC RULE 4.41 - 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 actually been 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 profits or losses similar to those shown. Screen shots on this site are examples and are not meant to imply that any of the programs or tutorials available on this Web site will generate profitable trades. EasyLanguage or PowerLanguage trading strategies, signals, studies, indicators, showme studies, paintbar studies, probabilitymap studies, activitybar studies, functions (and parts thereof) and associated techniques referred to, included in or attached to this tutorial or program description are examples only, and have been included solely for educational, informational, and entertainment use. Markplex Corporation does not recommend that you use any such trading strategies, signals, studies, indicators, showme studies, paintbar studies, probabilitymap studies, activitybar studies, functions (or any parts thereof) or techniques. The use of any such trading strategies, signals, studies, indicators, showme studies, paintbar studies, probabilitymap studies, activitybar studies, functions and techniques does not guarantee that you will make profits, increase profits, or minimize losses. Markplex Corporation assumes no liability for any damages, direct or otherwise, resulting from the use of this information and/or program(s) described, and no warranty is made regarding its accuracy or completeness. Use of this Web site including the information, tutorials and/or programs included on it is at your own risk. You shall indemnify and hold Markplex Corporation harmless from any and all liability, loss, trading losses, costs, damage, or expense, including attorneys' fees you or third party may suffer (other than damage to your tangible property or injuries to employees occurring during the course of work) as a result of claims, demands, costs, or judgments arising out of third party and any other claims based on Markplex Corporation's performance, including, but not limited to losses resulting from the use of Markplex Corporation developed software, programs, web sites, tutorials, or the TradeStation charting and/or trading platform. Any testimonials on this Web site may not be representative of the experience of other clients and are not indicative of future results or success.
This Web site contains or may contain references and links to other companies and/or their Web sites, none of which is under the control of Markplex Corporation. Markplex Corporation makes no representations, warranties or endorsements whatsoever about any other Web sites to which you may have access through the Markplex Corporation Web site, or any products or services of those other companies, even if the products or services of those other companies or their Web sites are described or offered on the Markplex Corporation Web site or integrated with Markplex Corporation's products or services. TradeStation®, EasyLanguage® and PowerEditor® are registered trademarks of TradeStation Technologies, Inc. Other brand and product names which appear on this site are the trademarks or service marks of their respective owners, including: Microsoft® is a registered trademark in the United States Microsoft®Excel® is a registered trademark of Microsoft® 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 product or service that offers training, education or consulting regarding the use of EasyLanguage.

By continuing to use and navigate our sites, services, applications, tools or messaging, you are agreeing to our Terms and Conditions and the use of cookies, web beacons and similar technologies as described in our Privacy Policy and Privacy Policy on the use of cookies.