Trend Strength Indicator Set for TradeStation

The Trend Strength Indicator Set for TradeStation

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Available for TradeStation 8.x
&
TradeStation 2000i (TS2000i)

Plus Free Bonus Indicator

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.

Utilizing the trend strength indicator we have included two additional indicators to help take advantage of this trend scoring method. The first is a TradeStation trend reversal indicator. This indicator alerts TradeStation users when a market changes from a bullish trend to a bearish trend, or vice versa. This provides an opportunity to identify trend changing markets and take advantage of the change in trend early. And to help traders make the most of the trend we have included a new trailing stop indicator that works with the trend reversal indicator to trail a stop in measured stages following the trend. For traders that prefer a more traditional stop that follows price more closely we are also including our ATR trailing stop indicator for free.

The second of our trend strength associated indicators is a TradeStation pullback indicator designed to help swing traders identify strongly trending markets and alerting them when these markets pullback providing potential swing trading opportunities. Swing traders can select exactly how large or small the pullback should be and how long the pullback should take.

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 three TradeStation charts with the trend strength indicator applied. As you can see the indicator can color code (optional) each bar or candlestick on the chart to make it quick and easy for you to identify the trend. In addition to color coding each bar the trend strength indicator includes the option to display the actual trend strength value on each bar, also color coded for easy identification of the trend. If you prefer to keep your price charts clean then the trend strength indicator is also provided as a regular indicator that can be plotted on a sub-graph. The third chart includes both the color bar/text indicator and the regular indicator for comparison.

The trend strength indicator with color bars only applied to a chart of AA.

A 5 minute intraday chart of the USDJPY forex with the trend strength indicator displaying both colored bars and the actual trend strength value on each bar.

A chart of KLIC with the trend strength bar indicator and the trend strength regular indicator applied.

You can find more chart examples further down this page.

Key Features

All the indicators provided in the TradeStation trend strength indicator set have a number of different inputs allowing you to easily adjust each indicator to suit your personal requirements. Here are some of the advantages offered by these indicators:

• User definable inputs for all indicators.
• New exponential setting.
• Trend reversal and trailing stop indicator.
• Trend pullback indicator.
• Additional radarscreen information.
• Indicators also provided as functions.

In addition to the trend strength bar indicator which can color code each bar and display the actual trend strength value for each bar directly on the chart the indicator also comes in standard indicator form which can be applied to a sub-graph to keep your price charts clean. The trend strength indicator can also be applied to the new TradeStation scanner so you can scan all markets simultaneously to find established trends.

User definable inputs for all indicators.

The trend strength indicators include multiple inputs allowing you to personalize the indicators. Among the settings included are inputs to change the prices used to calculate trend strength and the associated trailing stops. You can also select the length of the trend strength indicator along with the values necessary to trigger a bullish, bearish or neutral trend.

New exponential setting.

The trend strength indicators include a new exponential setting. This works in a similar way to an exponential moving average in that it adjusts the trend strength formula giving more weight to recent price action over later price action. This makes the indicator more responsive and sensitive to recent price movement.

Trend reversal and trailing stop indicator.

The trend reversal indicator is a TradeStation showme indicator that alerts you when the trend changes from bullish to bearish, or vice versa. When a trend is neutral the indicator treats this as a consolidation of the prior trend and waits for the trend to continue or to reverse, triggering an alert. This indicator also includes an optional trailing stop that compliments the trend strength indicator by matching the current trend and trailing a stop in measured increments.

Below are a couple of charts taken from TradeStation which include both the trend strength bars indicator and the trend reversal showme indicator in the same chart. The large showme dots indicate when the indicator alerted to a change in trend and the small showme dots represent the trailing stop.

Weekly chart of POT with trend strength and trend reversal indicators applied.

Trend strength and trend reversal indicators on a 500 tick intraday chart of the S&P 500 e-mini.

Trend pullback indicator.

The trend pullback indicator is used to identify pullbacks that occur during a strong trending market, particularly useful for swing traders. Users can set the minimum bullish or bearish trend necessary along with the minimum and maximum requirements of each pullback and the number of bars during which the pullback should occur. The indicator will then alert you as each pullback occurs.

Below are a couple of charts taken from TradeStation which include both the trend strength bars indicator and the trend pullback showme indicator in the same chart. The showme dots on each chart show when a trend pullback signal triggered.

AAPL chart with trend bars and trend pullback indicators applied.

SIRI chart with trend bars and trend pullback indicators applied.

Additional radarscreen information.

When applied to a TradeStation radarscreen the trend strength indicator can be used to scan and sort multiple markets in real-time. In addition to monitoring large markets the trend strength 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 trend strength radarscreen indicator applied.

The trend strength radarscreen indicator applied to the S&P 100.

As well as displaying the value of the current trend strength value the indicator provides 3 additional columns of information within a TradeStation radarscreen.

Strength - displays the current trend strength value.

Bar Count – tells how many bars the current bullish or bearish trend, measured by the trend reversal indicator, has been active. A positive number indicates a bullish trend, while a negative number indicates a bearish trend.

Stop - is the current trailing stop price.

Pullback - displays an alert if a trend pullback exists on the current bar.

Indicators also provided as functions.

In addition to providing the trend strength indicators in standard indicator form and showme indicator form, the indicator is also supplied as a function enabling you to incorporate the trend strength 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

Free ATR Trailing Stop Indicator

To assist you with your trend based trading, or any other style of trading, we have included our ATR trailing stop indicator for free. You can find more details about this indicator by clicking here.

More Chart Examples

Weekly chart of SPY with trend strength bar indicator applied.

Chart of MSFT with trend strength bars indictor and trend reversal indicator and stop applied.

The trend strength bars and trend reversal indicator applied to a 1 minute intraday chart of GOOG.

Weekly chart of GBPUSD forex with trend strength bars and trend reversal indicators.

Another chart featuring both the trend bars and trend reversal indicator on HP.

This chart continues where the previous chart of HP above ended.

5 minute intraday chart of Russell 2000 ETF with trend strength and trend reversal indicators applied.

ATR Trailing Stop Indicator for TradeStation A trailing stop provides a systematic to know when to exit a trade. It is especially useful for trend traders and breakout traders who like to let profits run while maintaining a logical exit for when the market trend changes so they can exit their position in a controlled and timely manner. To assist traders with looking for a systematic way to follow their trades with a trailing stop or to be alerted to changes in market trends we have programmed a the ATR trailing stop TradeStation indicator. The ATR trailing stop TradeStation indicator has some different inputs allowing you to easily adjust the indicator to suit your requirements. $49.00

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Reflection Indicator Set For TradeStation 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. $99.00

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