Free TradeStation Indicators
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Free TradeStation Indicators

We have developed a lot of Free TradeStation Indicators.

On this page, you will find our best indicators divided by category.

You can download the files for free by simply entering your email address.

The indicators have a protected code and cannot, therefore, be modified.

To request changes or for any suggestions you can write to …..

Have a question? Chat with us!

Free TradeStation Indicators - Trend Follower

Before using these Free TradeStation Indicators, there are some things to remember.

Trends only exist in high daily, weekly, and monthly timeframes.

A trend follower strategy is the opposite of a mean-reverting approach.

The more mature a market becomes, the more liquid it becomes, and the more it responds to the logic of mean-reverting.

With some commodities and stocks, trend follower strategies can still be successfully used.

Mean reverting strategies work best on major stock indices.

Free TradeStation Indicators

Trend Follower Indicators are used to measure the direction and strength of a trend using an average of prices to establish a baseline.

The SuperTrend is the first of our Free TradeStation Indicators and is one of the most used trend indicators, but it is not present in the TradeStation.

You can use this indicator in every time frame, but the long timeframes will work better.

 

To try to minimize many false signals, we developed the SuperTrend MultiTimeFrame Indicator.

Here you can use also our SuperTrend Histogram Indicator.

Multitimeframe indicators are handy for having an overall view of the trend. You should always remember that trends only exist in high time frames. So it’s still good to start from a weekly or daily timeframe and then look for an entry point on a lower timeframe.

Free TradeStation Indicators - Oscillator

The oscillators oscillate (in a sinusoidal manner) around a horizontal line called the balance line.

Oscillator characteristics:

– Determines when the price is susceptible to correction (when the market is exhausted in the prevailing trend).

– From a sale signal in the overbought area and a purchase signal in the area of the oversold.

– Indicates the divergence between the oscillators and the price, which helps make trading decisions.

Free TradeStation Indicators Oscillators

The ADX, or Average Directional Movement, is an indicator that serves to measure the intensity of a trend, without giving any indication of how it is oriented (the direction it takes).

Our ADX indicator has also the slope.

The slope direction is straightforward to calculate; you have to compare the last ADX value with the two precedent. When ADX is increasing the color became green and red when it is decreasing. When there isn’t the direction, the color became Cyan and Blue.

Many of our Free TradeStation Indicators have the slope indication.

The RSI (Relative Strenght Index) is an oscillator, which measures the speed and direction of price movements.

The Momentum is the rate of the rise or fall of the price. The RSI calculates the Momentum as a rapport between “high” closures and “low” closures.

The Coppock Curve Indicator is useful to open long-term positions. In fact its results are definitely better on monthly time frames.

Its construction is simple: just make the weighted average of the sum of the 14-month ROC and the 11-month ROC.

The Bollinger Bands are already present on every platform, but using the Bandwidth, the bands will be displayed only when the volatility decrease (congestion or range market).

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My name is Luca. I grew up in Italy. I have a degree in law and I’m an independent trader since 2007. I’m a systematic trader and sometimes, I trade using options strategies with US ETFs and Stocks.I have built hundreds of automated trading systems and indicators for TradeStation, MultiCharts and MetaTrader.I started this blog in 2017 to share what I learned in the financial market.

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