Charts of the Day

  SEPTEMBER 02 – 2019     The Mini ES Futures Today Bank Holiday in the U.S. Historical Volatility and AD   X are descending. Strong Resistance Area at 2950,00 Strong Support Area at 2850,00

HOW TO USE ADX INDICATOR

ADX

In this tutorial, you’ll learn how to use the Average Directional Index ADX Indicator. First of all, the ADX is useful to determine the strength of the trend. The Average Directional Index is a trend indicator. It was created by Wilder to measure the strength of the current trend. The Average Directional Index shows you […]

HOW TO USE THE MOVING AVERAGES TO IDENTIFY THE TREND

Are you using Moving Averages to understand the trend direction? It’s a good idea because the Moving Average is a fantastic trend indicator. Many strategies using the MAs to find entry signals, for example, the Moving Average Crossover Strategy. Many of our automatic strategies use moving averages to identify the trend mechanically, and they do […]

MOVING AVERAGE – RSI – SLOPE

Moving Average Rsi Slope TradeStation Multicharts

In this tutorial, we are going to create an indicator for Tradestation or Multicharts that calculates the slope of a moving average and an RSI, making it change the color. MOVING AVERAGE – SLOPE Let’s see how to do this, starting from the code of a previous tutorial on the creation of a moving average […]

ATR with BOLLINGER BANDS – EASYLANGUAGE

In this article, I will illustrate the creation of an indicator in Easylanguage to measure the volatility to be used as a filter for various systems. The Welles Wilder Average True Range is the most commonly used indicator for measuring the volatility of an instrument. In practice, it is a moving average (Average) of the […]

CONNORS RSI STRATEGY

RSI Connors Strategy TradeStation MultiCharts COVER

Let’go to build a new Tradestation RSI strategy in EasyLanguage. Today we present the excellent 2-period RSI method devised by Larry Connors. We apply it to the US index using the SPDR S&P 500 ETF SPY. Firstly, what is the Relative Strength Index (RSI)? From Investopedia is “a momentum indicator that measures the magnitude of […]