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Our list of tutorials and programs has grown to be fairly sizeable. Hopefully you have had a chance to review some of the tutorials to be found at markplex.com/tutorials.php, if not I have attempted to categorize the tutorials, which may be useful to you depending on your interests.
Some of the tutorials and all of the programs are available for download for a nominal fee. You may pay by credit card or Paypal, but you do not need to have a Paypal account nor do you need to open one in order to make a payment by credit card.
Notable Tutorials with downloads available
Tutorial 13 uses some advanced techniques to try and find support and resistance lines based on past pivot points.
The following chart shows the program developed in the tutorial applied to a GBPUSD chart:
Tutorial 15 looks for sequential pivot points and compares their values to see if they are close to a Fibonacci ratio. If so, the program draws lines and text to indicate the Fib level and the percentage tolerance. An example can be see in the following chart:
This step-by-step tutorial uses Easylanguage’s built in candlestick pattern functions, drawing a character(s) on the chart when a candlestick pattern has occurred. The program also demonstrates the use of StopLoss and ProfitTarget functions, and finds stochastic crossovers to provide confirmation signals a user-defined number of bars after an initial ‘warning signal. The program could be modified to use a different pair of indicators.
Tutorial 22 demonstrates the creation of a paintbar study to show where Candlestick patterns occur. It also shows how to add text to a chart, above or below the patterns. The tutorial also demonstrates how to add a stochastic ‘filter.’
Tradestation provides a ‘three-line-break’ chart. This tutorial creates an indicator which overlays 3 line break information over a normal chart.nIt also plots an indicator line that is green when ‘up’ boxes are plotted and red when ‘down’ boxes are plotted.
Tutorial 26 creates an improved stochastic-price divergence indicator. Divergence occurs, when, for example, price pivots make a higher high and the equivalent stochastic indicator makes a lower high.
This indicator recognizes that the pivot in the price and the assumed equivalent pivot in the stochastic don’t necessarily occur at the same exact bar. Consequently the program searches for equivalent pivots and uses them in determining whether a divergence has occurred.
This video tutorial explains the creation of a pivot function that looks for pivots where the prices of successive bars on either side of the pivot are higher, or the highs of successive bars are lower.
This tutorial follows on from tutorial 26 in that it looks for divergence between price and stochastic, but it is a show me study rather than an indicator.
To view tutorial 37 go here.
To download the program for a nominal fee of $14.95, go here.
I have also bundled this program with tutorial 26. This bundle may be downloaded for $19.95.
Program 1 creates zig-zag lines (based on low and high pivots). Every time a zig-zag line is confirmed Fibonacci levels are calculated. These Fibonacci levels are compared with previous Fibonacci levels and if they are proximate the level stored in the array has its ‘thickness’ increased by one. The thickness attribute is used to indicate the significance of the level. More significant levels are drawn on the chart using a thicker line and only lines above a user input thickness are extended to the right.
The following chart shows levels created by this program:
This program is available for immediate download for $49.95 by clicking here to pay using credit card or PayPal.
Program 2 calculates these pivot levels (using the classic method of calculation, the ‘Woodie’ levels, or the ‘Camarilla’ levels) it then seeks to find pivot levels that are close to those found previously on the chart (within a specified user input tolerance) and draws these levels on the chart.
The rationale behind the program is that if pivot levels have had real significance on a previous day then some of that influence could still be felt on the current day.
The image on the right shows the pivot based levels as green lines and today’s pivots as different colored lines with labels showing the type of pivot line (e.g. PP, R1, R2, S1, S2 etc) and its value. I created a ‘zoomed in ‘ effect in Photoshop so you can see these lines more clearly.
This program is available for immediate download for $19.95 by clicking here to pay using credit card or PayPal.
Program 3 takes the code written in tutorial 23 and converts it to a show me study. The functionality to draw the ‘quasi’ 3 line break ‘lines’ has been removed from the tutorial 23 program and showme dots are drawn at the start of what would have been the green boxes and what would have been the red boxes on the tutorial 23 indicator.
This program looks for turning points as they occur on a line break chart (for example, a three line break chart). Each newly discovered level is compared with levels already stored in an array. If the new level is close enough to an existing level, the two levels are combined. The number of times that each line is combined is also stored in the array. If the new level is not close to an existing level the new level is stored in the array and the oldest line stored in the array deleted – together with any associated drawing objects).
This unprotected and commented program (i.e. the show me study) is available for immediate download for $49.95 by clicking here to pay using credit card or PayPal.
Program 5 takes the principles used in tutorial 23 and program 3 and builds them into a strategy. Instead of drawing a dot on the chart, as the ShowMe study does, the strategy issues a market order on the next bar when a new line break ‘line’ begins. The strategy includes several ‘template’ filters so that you can easily build filters into the program.
This unprotected and commented program (i.e. the Tradestation EasyLanguage strategy) is available for immediate download for $94.95 by clicking here to pay using credit card or PayPal.
The program was developed in Tradestation 8.7.
This strategy uses the pivot combining methodology described in tutorial 13 so that if a new pivot is discovered that combines with a previous level, and if that level has been combined over or equal to a user input number of times, then the strategy flags a potential trade.
The strategy includes some options for the user to add some additional conditions to determine whether to enter a trade or not. It includes trade management functionality.
This unprotected and commented program (i.e. the Tradestation EasyLanguage strategy) is available for immediate download for $119.95 by clicking here to pay using credit card or PayPal.
The program was developed in Tradestation 8.7.
Program 7 provides a flexible way to define a session based on user input start and end times and calculates and adds to the chart Classic, Woodie, or Camarilla traders’ pivots based on the high, low, and close of the period defined by the user (and the open of the next period in the case of Woodie pivots). The type of pivot drawn on the chart depends on which type of pivot is selected by the user.
The start and end times can be on the same day, or the start can be on one day and the end on the next day. Plots of the high, low and close of the period being analyzed may be switched on or off using a user input.
This unprotected and commented program (i.e. the Tradestation EasyLanguage strategy) is available for immediate download for $49.95 by clicking here to pay using credit card or PayPal.
The program was developed in Tradestation 8.7 and works with intraday and tick charts.
This show-me study builds on the work done in tutorial 13 and program 1. It is designed to be an efficient way of calculating a user-specified number of potential support and resistance levels based on zig zag pivots found on the chart.
This unprotected and commented program (i.e. the Tradestation EasyLanguage indicator) and associated array sort function is available for immediate download for $69.95 by clicking here to pay using credit card or PayPal.
The program was developed in Tradestation 8.7 and works on intraday, daily, weekly, and monthly charts.
This PROTECTED indicator is a smoothed, low-lag Commodity Channel Index (CCI) TradeStation EasyLanguage indicator. It also provides the option to look for divergences between price action and the smoothed CCI (see image on right.)
This protected program (i.e. the Tradestation EasyLanguage indicator) is available for immediate download for $44.95 by clicking here to pay using credit card or PayPal.
The program was developed in Tradestation 8.7 and works on intraday, daily, weekly, and monthly charts.
Program 10 takes program 9 and adds the following enhancements:
- Allows user inputs for the color of the CCI line when above the UpperLine input (in this case, it is set to 100), or below the LowerLine input (in this case it is set to -100) and between the lines.
- Sets an alert when the UpperLine and LowerLine lines are crossed.
- In additional to the divergence functionality included in Program 9, program 10 looks for divergence between the two most recent smoothed CCI pivots, and the most recent price pivot and the pivot before the second most recent price pivot. I explain this is the video below.
This PROTECTED program (i.e. the Tradestation EasyLanguage indicator) is available for immediate download for $54.95 by clicking here to pay using credit card or PayPal.
If you are a MultiCharts user, a ‘read only’ SEF version of the program is available for immediate download for $54.95 by clicking here to pay using credit card or PayPal.
Program 11 – An Enhanced Smoothed, Low-lag Commodity Channel Index (CCI) Indicator – WITH ADDITIONAL FEATURES
Program 11 takes programs 9 and 10 and adds additional enhancements as follows:
- A new input that allows users to look for divergences between price and the smoothed fast CCI
- A new user input allows the user the option of drawing a line when there is a possible divergence. The line would then disappear if the divergence. were not confirmed when the bar closes.
- A new input allows user the ability to look for potential divergences faster.
This PROTECTED program (i.e. the Tradestation EasyLanguage indicator) is available for immediate download for $69.95 by clicking here to pay using credit card or PayPal.
Bonus TradeStation Scanner video
If you buy the TradeStation version, I will also send you a link to a video that explains how you could use this program to scan a universe of stocks to see which ones the indicator has found possible divergence for using TradeStation Scanner.
If you are a MultiCharts user, a ‘read only’ SEF version of the program is available for immediate download for $69.95 by clicking here to pay using credit card or PayPal.
Program 12 looks for CandleStick patterns to create possible trade signals. These signals are filtered by user defined filters before possible trades are entered.
The following candlestick patterns are searched for (selected by user input): Three Black Crows, Bearish Harami, Bearish Engulfing, Hanging Man, Evening Doji Star, Evening Star, Dark cloud, Three White Soldiers, Bullish Harami, Bullish Engulfing, Hammer, Morning Doji Star, Morning Star, and Piercing Line.
This UNPROTECTED program (i.e. the Tradestation EasyLanguage strategy) is available for immediate download for $79.95 by clicking here to pay using credit card or PayPal.
Program 13 is a TradeStation EasyLanguage strategy developed in TradeStation 8.7 (it will also work in versions 8.8 and 9.0) that looks for a pivot formation followed by a retracement before placing a limit order at the pivot price level. The strategy also allows the user to setup filters in order to easily customize the program. The image illustrates a short setup (the annotations were added in Photoshop).
In the ‘short’ setup we look for a high pivot, for the price to dip down, then rise above the pivot level for a limit order to be placed next bar (you can also define filters to further restrict when a trade is placed.) The long setup requires a low pivot, followed by a lower low for a long limit order to be placed next bar (again, you can define filters to further restrict when trades are placed).
Program 14 analyzes an intraday chart to see if, over the time being analyzed, there are specific times when price action most frequently changes direction.
Program 14 is an EasyLanguage show me study developed in TradeStation version 9.0. It calculates zig zag patterns and stores the times at which the turning points occur in an array. Each time a new turning point is confirmed the time at which it occurred is compared with those already in the array. If the time is already in the array its ‘significance index’ is incremented by one.
Program 15 analyzes price action in terms of both time and potential support and resistance levels on intraday charts to try and find ‘zones’ where, historically, price turning points have occurred.
The ShowMe study works by pin-pointing significant turning points. It then analyzes both the times and price levels at which these significant turning points occur most often, keeping a record of these times and levels. Moving forward through the chart, the program analyzes each bar and if it occurs at a time and between two price levels that have been recorded, it draws a line segment, or "zone," on the chart.
The unprotected program for version 8.7 and above is available for immediate download for $119.95 here. This price includes a copy of program 14 which is bundled in the download.
Program 16 is an unprotected TradeStation EasyLanguage show me study which analyzes price action in terms of both time and potential support and resistance levels on intraday charts to attempt to find ‘zones’ where, historically, significant price turning points have occurred. The idea behind the program is that if turning points occur at specific times or levels previously, then, perhaps, they will occur at these times and/or levels again.
Program 17 is an unprotected TradeStation EasyLanguage Indicator which calculates traders pivots (PP, R1, R2, S1 and S2 levels) using either classic, Woodie, or camarilla formulae based on user defined session times. The program calculates traders’ pivot levels for the entire chart and then analyzes the data to find potential levels where there is a conflux of traders’ pivot levels (in other words, where several levels have occured in approximetly the same price level).
This unprotected program (i.e. the Tradestation EasyLanguage indicator) is available for immediate download for an online payment of $74.95 by clicking here.
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 STRATEGIES HAvE BEEN INCLUDED SOLELY FOR EDUCATIONAL PURPOSES.
If you are just starting out with Tradestation the following tutorials may be useful for you: