Color Trending with Linear Regression & EMA - TradeStation | futures io social trading
futures io futures trading


Color Trending with Linear Regression & EMA
Updated: Views / Replies:597 / 2
Created: by 56mrm Attachments:3

Welcome to futures io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.


You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike

Reply
 
Thread Tools Search this Thread
 

Color Trending with Linear Regression & EMA

  #1 (permalink)
Elite Member
Marietta GA
 
Futures Experience: Beginner
Platform: Tradestation
Favorite Futures: CL
 
Posts: 1 since Feb 2016
Thanks: 0 given, 1 received

Color Trending with Linear Regression & EMA

Hello Colleagues,

This is my first post and i wanted to share a couple of simple indicators that I believe will be helpful. Both indicators allow for trend-up and trend-down coloring of Exponential Moving Averages and Linear Regression Curves. Both are built right off of the Out-Of-The-Box Tradestation indicators, just tweeked a little to add some additional functionality.

The Screenshot:

The attached screenshot shows the use of both indicator types, which i will explain below. Notice in the center of the screenshot the transition into the Short Run. At the top of the view is the Linear Regression 20, then a long Downward Green Bar breaking down through the EMA20, then the trend continues down breaking through the EMA50, then downward through the EMA200. Each break shows the transition of each EMA and results in a nice trade on the NASDAQ Index (NQU16, in this chart).

The view shows my basic Tradestation setup with Trender Pro from ValueCharts, the ChopFree indicator from NetPicks.com and MACD (5,32, 5).

Attached ELD files for Tradestation:

1. LRC_Custom2 - This indicator enables directional trend coloring of the Linear Regression Curve indicator with some different options, explained below.

BarOffset - set this value to an amount above/below the bar for dot/line painting in the scale of your financial instrument.
Customize = Yes, enables the settings below to be used
DotInLine = Yes, enables a dot to be painted on the trendline, making the change of direction
PaintBarInLine = "Yes", enables the bar to be painted in the trend as a normal Linear Regression Line,
"No", enables changes the trend line to be transformed into a lines just above/below the bar as an alternate format.

2. MovAvgExp_MM - This indicator enables directional trend coloring of the Moving Average Exponential indicator.

ApplyUpDnColor = Yes, enables the custom trend colors just below the input. If set to "No" then use the Out-Of-The-Box coloring on the Color Tab.

Being simple ELD files, you can load them and see how they work and adjust accordingly and re-save them as different named ELDs. If you are familiar with EasyLanguage programming, the style of these indicators can be applied to other Tradestation indicators where you might want to represent an indicator that appears on the bottom of your TradeStation window and represent it directly on the trend line. I have coded some custom MACD indicators also that do just that.

I hope you find this useful.

Regards,
Marcus

Attached Thumbnails
Color Trending with Linear Regression & EMA-screenshot-color-trending.pdf  
Attached Files
Register to download File Type: eld LRC_CUSTOM2.ELD (11.7 KB, 12 views)
Register to download File Type: eld MOVINGAVERAGEEXPONENTIAL_CUSTOM.ELD (11.1 KB, 12 views)
Reply With Quote
The following 2 users say Thank You to 56mrm for this post:
 
  #2 (permalink)
Elite Member
cypress, Texas, USA
 
Futures Experience: Intermediate
Platform: TOS
Favorite Futures: ZB
 
Posts: 7 since Aug 2016
Thanks: 8 given, 7 received


56mrm View Post
Hello Colleagues,

This is my first post and i wanted to share a couple of simple indicators that I believe will be helpful. Both indicators allow for trend-up and trend-down coloring of Exponential Moving Averages and Linear Regression Curves. Both are built right off of the Out-Of-The-Box Tradestation indicators, just tweeked a little to add some additional functionality.

The Screenshot:

The attached screenshot shows the use of both indicator types, which i will explain below. Notice in the center of the screenshot the transition into the Short Run. At the top of the view is the Linear Regression 20, then a long Downward Green Bar breaking down through the EMA20, then the trend continues down breaking through the EMA50, then downward through the EMA200. Each break shows the transition of each EMA and results in a nice trade on the NASDAQ Index (NQU16, in this chart).

The view shows my basic Tradestation setup with Trender Pro from ValueCharts, the ChopFree indicator from NetPicks.com and MACD (5,32, 5).

Attached ELD files for Tradestation:

1. LRC_Custom2 - This indicator enables directional trend coloring of the Linear Regression Curve indicator with some different options, explained below.

BarOffset - set this value to an amount above/below the bar for dot/line painting in the scale of your financial instrument.
Customize = Yes, enables the settings below to be used
DotInLine = Yes, enables a dot to be painted on the trendline, making the change of direction
PaintBarInLine = "Yes", enables the bar to be painted in the trend as a normal Linear Regression Line,
"No", enables changes the trend line to be transformed into a lines just above/below the bar as an alternate format.

2. MovAvgExp_MM - This indicator enables directional trend coloring of the Moving Average Exponential indicator.

ApplyUpDnColor = Yes, enables the custom trend colors just below the input. If set to "No" then use the Out-Of-The-Box coloring on the Color Tab.

Being simple ELD files, you can load them and see how they work and adjust accordingly and re-save them as different named ELDs. If you are familiar with EasyLanguage programming, the style of these indicators can be applied to other Tradestation indicators where you might want to represent an indicator that appears on the bottom of your TradeStation window and represent it directly on the trend line. I have coded some custom MACD indicators also that do just that.

I hope you find this useful.

Regards,
Marcus

I like it can you share the zip for these indicators

Regards,
Andy

Reply With Quote
 
  #3 (permalink)
Trading Apprentice
Utrecht+Utrecht/ The netherlands
 
Futures Experience: Intermediate
Platform: Sierra Charts, Tradestation, MetaTrader
Favorite Futures: forex
 
Posts: 2 since Apr 2015
Thanks: 1 given, 0 received


Hello Marcus,

Thanks for sharing your LRC and MovAvgExp, but the one I am really interested in is the NPCP_HTChopFree, I have the indicator for the MT4 platform, but would love to have this for Tradestation and could not find it.. :-(
Would you be willing to share this eld as well? THAT WOULD BE HIGHLY APPRECIATED! Keep smiling,

Nicolaas

Reply With Quote

Reply



futures io > > > > Color Trending with Linear Regression & EMA

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

FIO Journal Challenge featuring NinjaTrader ($2,000+ of prizes)

May

An overview of volumetric analytical tools w/Sergey Sokolov @ PTMC

Elite only

John Hoagland (TBA)

Elite only

FuturesTrader71 Extended Ask Me Anything (AMA)

Elite only

Pete @ Jigsaw Trading (TBA)

Elite only

John @ No BS Day Trading (TBA)

Elite only

An Afternoon with FIO member Softsoap (being rescheduled)

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Unscented Kalman Filter & Exponential Linear Regression Slope Big Mike The Elite Circle 34 June 13th, 2016 01:24 PM
Linear Regression Alerts brevco The Elite Circle 16 November 26th, 2015 04:35 PM
Standard Linear regression? subterfuge NinjaTrader 3 September 18th, 2015 08:03 AM
Linear regression channel Tom Joad Open E Cry 7 January 22nd, 2015 10:38 PM
Linear Regression backtesting - Is it possible? emanon AmiBroker 2 August 18th, 2014 03:49 PM


All times are GMT -4. The time now is 11:19 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-05-27 in 0.10 seconds with 20 queries on phoenix via your IP 54.80.39.89