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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.

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