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NEW:
ADVANCED
TRADESTATION TECHNIQUE
US Markets Daily
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Technical
Description
Here are a few commented charts to learn to use the TS trading technique.
First let's read the Subgraph 1, i.e. the price series itself to which we add a custom Heikin-Ashi PaintBar as well as our version of MurrayMaths lines in the form of a ShowMe. So far, nothing really special as those indicators in their regular version are available on the TS forums.
This chart also uses our custom Swing indicator, which we will
better describe later.
.JPG)
(click on the image above to download)
Before going any further, let's take a look at the core indicator, used in other techniques even if only seldom displayed on our charts. It is a real-time smoothing technique, which introduces no lag, but at the same time recalculates past bars. It equates to keeping a memory of what happened without being distracted by noise. That's just the way our brain works!
(click on the image above to download)
This algorithm is then used to calculate our Swing indicator. We now
have our 3 visual indicators in place. Please note however that this
indicator is self-adaptive and redraws according to price action.
Pivot attempts will be be drawn, using an internal momentum calculation.
However pivots may take time to confirm as a new swing leg, and only additional
reading of indicators and patterns can assist the trader in confirming the
pivot.
(click on the image above to download)