Swing Strength Indicator and Strategy set for TradeStation

The swing strength indicator measures market price swings to determine the oversold/overbought condition of the market. Using a proprietary formula the indicator ranks price swings between oversold and overbought on a scale from -5 to 5 based on the potential of a swing reversal. The higher the number the more the market is overbought and likely to drop over the next few days, and the lower the number the more oversold the market is and likely to rise in the next few days.

The swing strength indicator is best applied to indices and stocks and uses daily price data to rank the market each day.

The swing strength formula has been incorporated into a set of indicators for TradeStation which can calculate and display the swing strength value for a market within a chart or RadarScreen or be used to scan multiple markets to identify oversold and overbought markets.

Included with the swing strength indicator is a swing strength strategy, a mechanical trading system which is 100% systematic using clear and simple rules to help demonstrate the indicators application. The swing strength trading system uses the swing strength indicator combined with standard indicators to identify high probability swing trading opportunities. More details and performance data on the swing strength strategies can be found further down the page or by clicking here.

100% Money Back Guarantee
You can try these indicators and strategies for 30 days risk free and evaluate them for yourself within TradeStation. If after purchasing you decide they are not right for you just let us know within 30 days for a full refund.

Screenshots
The S&P 500 chart below contains the swing strength bar indicator which changes the color of the bars to match the oversold/overbought condition of the market. The indicator can also display the swing strength value over each bar or candlestick on the chart to make it quick and easy to identify oversold and overbought condition of the market.

The chart below shows the swing strength indicator applied to the stock IBM.

The swing strength indicator is also provided as a sub-graph indicator if you prefer to keep your price charts clear. The chart below contains both the sub-graph indicator and the bar indicator.

When applied to a RadarScreen the swing strength indicator provides extra information in addition to the current swing strength value.

• Strength - displays the current swing strength value.
• SS Bars – shows for how many consecutive bars the market has been overbought/oversold.

The swing strength indicator applied to a RadarScreen.

Strategy for TradeStation
The swing strength indicator set also includes a systematic trading strategy to help evaluate the indicator. The trading system is best applied to stocks, ETFs, e-minis and futures. For example when applied to the S&P 500 index the standard version of the swing strength strategy has been correct at predicting the short term market direction 77% of the time. Below you can find more performance data taken when the swing strength strategy is applied to the S&P 500 index and to individual stocks.

Advantages of the swing strength trading system.

• 100% systematic - eliminates emotions, discretion and guesswork from your trading.
• Full disclosure of all trading rules - no black box - so you have complete understanding of how and why the swing strength system works.
• The ability to backtest and verify the swing strength trading system thanks to a systematic set of rules.
• Strategy indicator provided for TradeStation to scan for swing strength signals and for use with RadarScreen.
• Uses precise entry and exit rules.
• Strategy provided as well as indicator and workspace compatible with TradeStation.
• Backed by our 30 day money back guarantee.

In addition to the standard version of the swing strength trading system we will also provide you with alternative ways to setup the strategy more conservatively with a view to reducing risk and improve trade performance by identifying trading opportunities with an even higher probability of profitability and an increased average return per trade.

We have also included the option to incorporate stops as part of the swing strength strategy and programmed this option into the strategy provided.

Swing Strength Standard Version Performance Report
S&P 500 Index 01/01/00 - 08/31/18

Results are for index points captured.

Swing Strength Standard Version Equity Curve
S&P 500 Index 01/01/00 - 08/31/18

Results are for index points captured.

In addition to the standard version of the swing strength trading system we have also provided two additional versions of the swing strength system which look to reduce risk and improve trade performance by identifying trading opportunities with an even higher probability of profitability and an increased average return per trade.

Swing Strength Conservative Version Performance Report
S&P 500 Index 01/01/00 - 08/31/18

Results are for index points captured.

Swing Strength Aggressive Version Performance Report
S&P 500 Index 01/01/00 - 08/31/18

Results are for index points captured.

The swing strength system can also be applied to other indices like the NASDAQ or Russell 2000, sector indices or ETFs or to stocks.

In addition to the standard and conservative versions of the swing strength trading system we will also show you how you can apply the swing strength system to more volatile markets like stocks.

Below are some highlights taken from performance reports which were created when the swing strength trading system was applied to individual stocks. And just like the performance reports for the S&P 500 above the figures shown here are for all trades, long and short. These results are for every trade taken by the strategy for each stock between 01/01/00 (where the stock was available to trade on that date) and 08/31/18.

Standard Indicator and Strategy Features

• Various inputs and settings to help customize and optimize each strategy and indicator.
• Each strategy is also provided as an indicator which can be used for scanning purposes or displayed within a chart or RadarScreen.
• Option to use TradeStation sound, message and email alerts.
• Includes PDF manual and pre-configured workspace for TradeStation.

Indicators and Strategies for TradeStation
In addition to two PDF manuals explaining both the swing strength indicator and trading systems in detail we will also provide you with a strategy file compatible with TradeStation which you can use to help test and validate the system for yourself. The strategy is provided open source so you can view the easylanguage code and see exactly how the strategy works. The strategy includes various settings which you can use to adjust and optimize the trading system if you wish. We will also provide you with an indicator for use within a chart or RadarScreen or for scanning for signals, and a pre-configured workspace to get you started using the system.

EasyLanguage Functions for TradeStation
All our indicators are provided in the form of an Easylanguage function. Easylanguage functions allow you to incorporate our indicators as part of your own strategies and indicators within TradeStation.

Delivery
You should expect to receive your order within 1 working day via email.

Continued Support and Updates for a Minimum of 12 Months
All our products include full support and updates for at least 1 year so if you have any problems or require any additional information you can contact us for assistance.

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