Reflection Indicator Set For TradeStation

The Reflection Indicator Set for TradeStation

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Available for TradeStation 8.4 and above

The reflection indicator is a mirror indicator that reflects current price action into the future. The idea of the indicator is to help identify the trend of the market and the future trading range of a market over time. The concept was popularized by Welles Wilder in his book on Adam Theory.

The TradeStation reflection indicator set is a collection of indicators designed to help TradeStation users take advantage of price reflections in any time frame. The set of indicators focuses around one main indicator, the reflection bars indicator. The reflection bars indicator projects a mirror image of a markets price action, bar by bar, into the future to visualize how prices would unfold if the market mirrored itself. Using this indicator a trader can identify the worthiness of the current trend and project a future potential profit target for the market. The reflection indicator can also be used to judge the current volatility of the market and its trend to identify with high probability where the likely trading range for the market will be in the future.

Utilizing the reflection bars indicator we have included four additional TradeStation indicators to help take advantage of the reflection trading method and two dedicated RadarScreen indicators.

We are confident our indicators will benefit your trading which is why we offer a 100% money back guarantee so you can try out our indicators for yourself and if they are not right for you just let us know within 30 days for a full refund.

Below are five TradeStation charts with each of the different reflection indicators applied.

TradeStation Indicator 1 - Reflection Bars

The reflection bars indicator can be used to display a mirror image of a markets price action, bar by bar, into the future. The indicator plots the high and low of each bar making it easy to visualize how prices would unfold if the market mirrored itself. Using this indicator a trader can identify the worthiness of the current trend and project a future potential profit target for the market.

TradeStation Indicator 2 - Reflection Line

The reflection line indicator is similar to the reflection bars indicator but instead of projecting a reflection of price bars into the future it projects a single line. This indicator can be used to reflect a specific market price like the close or the average price, or to reflect a particular indicator like the 10 day moving average as displayed in the chart below.

TradeStation Indicator 3 - Reflection Bands

The reflection bands indicator displays an upper and lower band around prices based upon the market reflection. The reflection bands indicator displays the highest price projected by the indicator in the upper band and the lowest price projected by the indicator in the lower band. As a result the bands provide a projected trading range for the market. The closer prices are to the lower band the more bullish the trend and the closer prices are to the upper band the more bearish the trend.

TradeStation Indicator 4 - Reflection Oscillator

The reflection oscillator indicator shows where the current price for the market is in relation to its reflection bands (the chart above). The indicator is range bound from 0-1 with 0 meaning that the market is at the high of the trading range (the upper band) and 1 meaning the market is at the low of the trading range (the lower band). The chart below shows the same AAPL chart as above but with the reflection oscillator applied instead of the reflection bands indicator.

TradeStation Indicator 5 - Reflection Volatility Bands

The reflection v-bands indicator is a volatility bands indicator that uses the volatility of the reflection indicator to plot an upper and lower band around a central price. As price move closer to, or crosses, the upper and lower bands then the market is considered to be overbought and oversold respectively. The reflection volatility bands can also used with high probability to predict a future trading range of the market based on the markets current trend volatility.

You can find more chart examples further down this page.

All the indicators provided in the TradeStation reflection indicator set have a number of different inputs allowing you to easily adjust each indicator to suit your personal requirements and include alert capabilities. The reflection indicator can also be applied to the TradeStation scanner so you can scan multiple markets simultaneously to find trending or volatile markets.

Dedicated RadarScreen Indicators.

The reflection indicator set includes a dedicated RadarScreen indicator. When applied to a TradeStation RadarScreen the reflection indicator can be used to scan and sort multiple markets in real-time. In addition to monitoring large markets the reflection RadarScreen indicator provides extra information about each market within a RadarScreen. The components of the S&P 100 have been inserted into a RadarScreen below which has the reflection RadarScreen indicator applied.

TradeStation RadarScreen 1

The reflection RadarScreen indicator applied to the S&P 100.

Ratio  – shows where price is contained within the reflection bands. The indicator is range bound from 0-1 with 0 meaning that the market is at the high of the trading range (the upper band) and 1 meaning the market is at the low of the trading range (the lower band).

UpperBand – displays the upper reflection band value which is the highest price reflected over time.

LowerBand – displays the lower reflection band value which is the lowest price reflected over time.

Band Range – provides the range of the reflection bands from the upper band to the lower band.

Volatility – displays the market volatility over the reflection period.

TradeStation RadarScreen 2

The reflection volatility RadarScreen indicator applied to the S&P 100.

The reflection indicator set also includes a dedicated RadarScreen indicator for the reflection volatility bands. As before this indicator displays the values of the upper and lower volatility bands and also displays additional columns of information within a TradeStation RadarScreen.

Ratio  – shows where price is in relation to the reflection volatility bands. A value of 0 meaning that the market is at the high of the trading range (the upper band) and 1 meaning the market is at the low of the trading range (the lower band).A ratio value less than 0 means price is currently above the upper band and a ratio value greater than 1 means price is currently below the lower band.

UpperBand – displays the value of the upper reflection volatility band.

LowerBand – displays the value of the lower reflection volatility band.

Band Range – provides the range of the reflection volatility bands from the upper band to the lower band.

Volatility –displays the market volatility over the reflection period.

Indicators also provided as functions.

In addition to providing the reflection indicator as chart and RadarScreen indicators, the indicator is also supplied as a function enabling you to incorporate the reflection function into your own indicators and trading strategies.

Continued Support and Updates for a Minimum of 12 Months

All our products come with full support so if you have any problems or require any additional information you can contact us for assistance. We also offer updates for a minimum of 12 months so if any new features are added to these indicators during this time then they can be sent to you for free.

If you have any questions about this, or any other product we offer, please contact us at infotechnicaltradingindicators.com

More Chart Examples

An intraday chart of the S&P 500 e-mini with the reflection bars indicator applied.

Another chart of the reflection bars indicator applied to FDX.

The chart above shows the reflection line indicator applied to WAG. In this example the line being reflected is that of the closing price.

The chart of AAPL above has both the reflection bands indicator and the reflection oscillator applied. During this bullish phase the price remains close to the lower reflection band which is also replicated in the reflection oscillator as it remains near its high during this period.

The chart of QQQQ above also has both the reflection bands indicator and the reflection oscillator applied. In this example the market fluctuates between bearish and bullish which is reflected in how prices move between the upper and lower bands respectively, and is also replicated in the oscillator underneath.

Breakout Box Indicators for TradeStation Breakout trading tends to occur after periods of extended price consolidation. Traders can take advantage of breakouts to jump early into newly forming trends with the potential to make extended runs once prices breakout, or to find areas of price consolidation within an established trend. We have programmed a set of TradeStation indicators which can be used to find areas of price consolidation and to take advantage of these markets when prices break through support or resistance. The breakout box TradeStation indicators have a number of different inputs allowing you to easily adjust the indicator to suit your personal requirements. These TradeStation indicators are also provided as functions and be applied in a radarscreen. $99.00

Darvas Box Indicators for TradeStation The Darvas box method was designed by Nicolas Darvas in his best selling book 'How I Made $2,000,000 In The Stock Market'. We have programmed the Darvas box method into a set of TradeStation indicators, and have expanded the functions of the Darvas box method beyond its original design. While Nicolas Darvas originally designed his box method for the stock market the Darvas box indicator can also be applied to other markets including indices, forex, options, futures and e-mini. Darvas boxes can also be utilized with varying time frames, from tick and minute charts to daily charts and beyond. The Darvas box TradeStation indicators are provided in both long and short versions and have a number of different inputs allowing you to easily adjust the indicator to suit your personal requirements. These TradeStation indicators also provided as functions. $99.00

Trend Strength Indicator Set for TradeStation The TradeStation trend strength indicator set is a collection of indicators designed to help TradeStation users identify trending markets in any time frame, and to take advantage of these markets. The set of indicators focuses around one main indicator, the trend strength indicator. The trend strength indicator analyses prices over a selected period of time to determine which of the three trending stages the market is in - bullish, bearish or neutral. In addition to identifying which trend stage the market is in the trend strength indicator goes one step further in analyzing the trend in that it scores the current trend on a scale of 0-10 with 0 representing a strong bearish trend and 10 representing a strong bullish trend. $149.00

Volatility Bands Indicator for TradeStation The TradeStation volatility bands indicator is designed to calculate the volatility bands for a specific market based upon historical volatility or implied volatility. Volatility bands provide a statistical probability of where market prices are likely to be contained over a specific period of time based upon standard deviation. Volatility bands are popular with traders looking to identify high probability market reversal levels, especially for intraday trading. These TradeStation volatility band indicators are provided in both end-of-day and intraday formats to help traders identify these key reversal areas. $99.00

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