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Another Example of my Programming

PowerTrend Indicator

A client recently contacted me asking if it would be possible to help improve the quality of the signals generated by his volatility based system. The system generated over 100 signals daily and he wanted to filter the trades by a higher timeframe trend and additional indicators.

Some of the details of the various filters were to be placed in the corner of the price chart as an adjustable panel. The price chart background would change colour based on an oscillator with green for longs, pink for shorts. This reminds the trader to stay on the correct side of the trend.

When all the signals are in agreement based on the colors in the adjustable panel, this designates a high probability long signal and the reverse for shorts.

The indicators on the price panel include: checks into the 15 minute timeframe, the 3 minute timeframe, identification of trend based on the MACDBBLines, short term moving averages, long term moving average, Stochastics and ADX all in the present timeframe. A special stochastic plot from the 3-minute chart identifies when the stochastic is coming up though 20 or down through 80. Utilizing the 3-minute stochastic produces longer runs allowing the user to stay in the trade longer. Each individual indicator component has its own user modifiable parameters which allows for fine tuning based on the specific instrument being traded.

This PowerTrend indicator is available for purchase on this site and as a compiled indicator for only $99 or in open source NinjaScript format for $299.)

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Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.