Tutorial 63 – Looking for CCI trend line breaks using RadarScreen

Welcome to tutorial 63 in this series of tutorials designed to demonstrate TradeStation EasyLanguage programming techniques.

The tutorial builds on the work done in tutorial 60 that showed how to draw a trend line on a Commodity Channel Index (CCI) chart by joining pivots and searches for places where the CCI crosses the trend line.

I was asked by a client, how a program, such as the one created in tutorial 60, could be used to screen a number of stocks. An ideal way of doing this is to use TradeStation RadarScreen.

This tutorial takes the tutorial 60 program and demonstrates what changes need to be made so that it will work correctly on RadarScreen. Specifically, the trend lines used in tutorial 60 both show the trend lines visually, an are used to find the value of the trend line for any particular bar. Drawing objects cannot be used in RadarScreen and hence we need a way of creating ‘synthetic’ RadarScreen trend lines. Obviously we do not need to display the trend lines on RadarScreen, however we do need to know the values at any specific bar in order to determine whether a crossover has occurred.

The tutorial demonstrates some of the following techniques:

  1. Tutorial 60 used drawing objects to both show the trend lines visually, but also to allow us to find what their value is at any specific bar. Since drawing objects do not work in Radarscreen, this tutorial shows another way of calculating these same values.
  2. How to programmatically determine whether an indicator is currently applied to a chart or Radarscreen.
  3. Issues pertaining to the ‘load addition bars’ functionality found in Radarscreen.
  4. Discussion of alerts, in particular the ‘alert enabled,’ ‘alert triggered,’ and ”past triggered alert.’
  5. Active sorting of Radarscreen columns.

As in tutorial 60, the program checks for pivots, sees if the CCI has not crossed the line that joins the pivots while between the pivots and, if applied to a chart, draws a line, storing the line reference in an array.

We add additional functionality to create an ‘imaginary’ line so the same functionality can be replicated in Radarscreen. For each bar, the program goes through the array to see if the CCI has crossed any of the trend lines or imaginary lines stored in their respective arrays. For top pivots the second pivot must be lower than the first pivot and we are looking for the CCI to cross from below to above the line. For bottom pivots we are looking for the second pivot to be greater than the first and the CCI to cross the trend line from above.

The image below shows the program applied to a Radarscreen containing the Dow Jones Industrial Average (DJIA) stocks. TRUE in green with a white background indicates that CCI has crossed over a CCI trend line from below. TRUE in white on a red background indicates that CCI has crossed under a CCI trend line from above.

Tutorial 63 applied to RadarScreen

In addition to the Radarscreen window I also have an chart window open with the indicator applied. The chart window is linked to the Radarscreen window. Having clicked the BA symbol on the Radarscreen, and doing some minor reformatting of the chart we can see a ‘green’ crossover on the chart, corresponding to the true statement on the Radarscreen.

Three in depth videos, below, explain the tutorial in detail.

The unprotected program for version 8.7, 8.8 and 9.0 is available for immediate download for $39.95 here:

The program works in TradeStation versions 8.7, 8.8 and 9.0 and is commented throughout. The program has been tested on intraday, daily, weekly and monthly charts.

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.

Tutorial 63 Part 1 Video – CCI Trend Line Breaks for Radarscreen

Tutorial 63 Part 2 Video – Calculating Crossovers

Tutorial 63 Part 3 Video – Applying CCI Trend Line Breaks Indicator to Radarscreen

The unprotected program for version 8.7, 8.8 and 9.0 is available for immediate download for $39.95 here:

The program works in TradeStation versions 8.7, 8.8 and 9.0 and is commented throughout. The program has been tested on intraday, daily, weekly and monthly charts.

If you see any errors in this tutorial – or we have not made something clear, we would be most grateful if you could please let us know. Also, let us know if you have any ideas for new tutorials.

EasyLanguage is a programming language that is part of the TradeStation trading platform. It can be used to write programs to help in the technical analysis and trading of foreign exchange (forex or FX), commodities (e.g. the Dow e-mini, S&P e-mini etc), options, and stocks.

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.