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High-Low DWMY Indicators for TradeStation

High-Low DWMY Indicators for TradeStation


The high-low DWMY indicators are designed to provide the daily, weekly, monthly or yearly price for a market being traded in a lower time frame. For example traders can monitor the daily high and low within a intraday chart or longer term traders can employ the yearly high and low within a daily chart.

Using these indicators traders can easily identify where the market is trading relative to its longer period time frame.

Our high-low DWMY indicators can be used to detect and alert when the market makes a new high or low or crossed the midpoint and highlight bars where the market is trading near the top or bottom of the longer term time frame range.

The indicators can also be employed to scan multiple symbols in TradeStations RadarScreen or scanner.

In addition to the standard indicators the high-low DWMY indicators include an oscillator indicator to plot a sub graph of where the market is currently trading relative to the longer periods trading range.

Included within these indicators are multiple settings for customizing the indicators function and appearance and when to be alerted to potential trading opportunities.

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

 

Screenshots
The screenshot below shows the high-low DWMY indicator applied to a TradeStation chart. In this example we are monitoring daily price bars against the yearly high/low. As the market makes new yearly highs and lows the indicator changes color, and can provide alerts if desired. Additionally the indicator is set to paint the price bars yellow when the market is trading within the top 10% of the yearly trading range and red when inside the bottom 10%.

The screenshot below shows the high-low DWMY indicator applied to a TradeStation chart. In this example we are monitoring daily price bars against the yearly high/low. As the market makes new yearly highs and lows the indicator changes color. Additionally the indicator is set to paint the price bars yellow when the market is trading within the top 10% of the yearly trading range and red when inside the bottom 10%.

In the MSFT chart below the daily high-low DWMY indicator is being displayed on an intraday chart. The indicator plots the daily high and low as well as the midpoint between the high and low.

In the MSFT chart below the daily high-low DWMY indicator is being displayed on an intraday chart. The indicator plots the daily high and low as well as the midpoint between the high and low.

The next chart shows both the standard indicator and the oscillator indicator applied to a daily chart of the S&P 500. The oscillator displays the markets current position relative to the longer period high/low trading range.

The next chart shows both the chart indicator and the oscillator indicator applied to a daily chart of the S&P 500. The oscillator calculates the markets current position relative to the longer period high/low trading range.

Another example of an intraday chart with the daily high-low DWMY indicator applied to a tick chart of IBM.

Another example of an intraday chart with the daily high-low DWMY indicator applied to a tick chart of IBM.

 

Additional Information
The high-low DWMY indicators include multiple settings for adjusting the period and style of the indicator.

When applied to RadarScreen the high-low DWMY indicator provides additional information.

 

  • Pos - shows the current position of the market relative to the periods trading range. 0% means the market is at the low of the trading range while 100% means the market is at the high.
  • High - displays the high of the period being monitored.
  • High Count - shows how many bars it has been since a new period high was made.
  • Low - displays the low of the period being monitored.
  • Low Count - shows how many bars it has been since a new period low was made.

The high-low DWMY indicators applied to a RadarScreen.
The high-low DWMY indicators applied to a RadarScreen.

 

 

Standard Indicator Features

  • Various inputs and settings to help customize and optimize each indicator.
  • Can be applied within TradeStation using various tools, including charts, RadarScreens and scanner.
  • Option to use TradeStation sound, message and email alerts.
  • Includes PDF manual.

 

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

 

     
  100% Money Back Guarantee
These TradeStation compatible indicators come with a 30 day money back guarantee. During the first 30 days after purchasing these indicators you can use and evaluate these indicators as much as you like. If after purchasing these indicators you decide they are not right for you just let us know within 30 days for a full refund.
 
     

 

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.


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Disclaimer

All information provided is for educational purposes only and it should not be assumed that the information presented will be profitable or that it will not result in losses.

You understand and acknowledge that there is a high degree of risk involved in trading securities and/or currencies. TechnicalTradingIndicators.com assume no responsibility or liability for your trading and investment results and you agree not to hold the company liable for any monetary loss and/or damages of any kind. There is a high degree of risk in trading and you should always consult a qualified advisor about the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT 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 PROFIT OR LOSSES SIMILAR TO THOSE SHOWN

Tradestation Disclaimer:
“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 trading software tool that is designed to be compatible with the TradeStation Open Platform.”

Read our full disclaimer plus terms and conditions here.

100% Money Back Guarantee

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