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Sine Wave Indicators in TradeStation
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Sine Wave Indicators in TradeStation

  #1 (permalink)
Albufeira, Algarve, Portugal
 
Trading Experience: Intermediate
Platform: TradeStation,Sierra Chart
Broker/Data: Tradestation Securities
Favorite Futures: VX, my kids
 
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Posts: 246 since Feb 2017
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Sine Wave Indicators in TradeStation

Hello everyone! I have been learning about sine waves with respect to smoothing and I was wondering if there is an indicator in TradeStation that uses sine waves. I don't see one, but that doesn't mean it doesn't exist. This is totally exploratory, as I know almost nothing about sine waves (with respect to markets, that is). I am looking for an indicator that they provide.

I also use Sierra Chart and I have been exploring Sine Wave Weighted Moving Average, which looks a little like this:
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If I can't find one for TradeStation, I may try to develop one in EasyLanguage. I know there are some commercial products out there, but I don't want to purchase anything without a base understanding of how it works.

Any help is appreciated!


Last edited by vmodus; March 11th, 2019 at 02:38 PM. Reason: dead image link
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  #2 (permalink)
Albufeira, Algarve, Portugal
 
Trading Experience: Intermediate
Platform: TradeStation,Sierra Chart
Broker/Data: Tradestation Securities
Favorite Futures: VX, my kids
 
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Posts: 246 since Feb 2017
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Found Hilbert Sinewave

Okay, I'm a dork and answering my own question. Here is what I found over on TradeStation forum (now that I'm actually able to get in there): Sinewave Indicator

This appears to be the Hilbert Sinewave. Here is what it looks like on the @YM 60 minute chart from today:
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I have attached the ELD for the code provided there. I cleaned up the inputs and variables.

Since I am just learning this, I don't know what I am looking at. I just thought I would share if anyone is interested.

Attached Files
Register to download File Type: eld Z HILBERT SINEWAVE.ELD (14.6 KB, 8 views)
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  #3 (permalink)
Albufeira, Algarve, Portugal
 
Trading Experience: Intermediate
Platform: TradeStation,Sierra Chart
Broker/Data: Tradestation Securities
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Posts: 246 since Feb 2017
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So the thing missing here are the plots on the main chart. Using Sierra Chart for reference, I uploaded the custom study found here: Hilbert Sine Wave SR V1 for SierraChart

This is what it looks like in Sierra Chart:
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Now I just need to plot the points and see what I get. I will upload the indicator if I get it working.

~vmodus

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  #4 (permalink)
Legendary  Vendor: www.abctradinggroup.com 
Hamburg Germany
 
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Hi vmodus,

the easiest approach might be to do a separate indicator that handles the plots on the main chart or add the ability to enable/disable plots within the indicator using inputs and add the indicator twice to the chart. Otherwise you would have to use drawing objects to walk around the limitation of being able to plot in two different subcharts from within one study.

Regards,

ABCTG

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  #5 (permalink)
Albufeira, Algarve, Portugal
 
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Thanks. Yeah, that sounds about right. Hopefully I can get a stable version working that I can share with the community.

I'm digging into Ehler's books to garner a better understanding of the approach. I know Big Mike did a couple of webinars with Ehler that I will watch later this week. Here are the links to the YouTube videos for anyone interested:

John Ehlers Anticipating Turning Points: https://youtu.be/mO4yuoDogjs

John Ehlers - Effective Indicators for Trading Strategies: https://youtu.be/KyiS_7Lscyo

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  #6 (permalink)
Hialeah + Florida United States
 
Trading Experience: Beginner
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Keep us updated with your progress, any insight you share would be greatly appreciated!

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  #7 (permalink)
Albufeira, Algarve, Portugal
 
Trading Experience: Intermediate
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Various Ehlers Oscilators

I'm currently reading Rocket Science for Traders, by John Ehlers, to get a better understanding of his method of smoothing. It is pretty heavy on the math around signal processing. I have played around with sound waves a lot in my life, just tooling around as a hobby, so I understand about filtering, etc. Unless you have had training or education in this field, it is a little difficult to understand (I have neither), but you don't completely need to understand the underlying math to apply these techniques.

I want to have a solid understanding of the methodology prior to making any assumptions about the usefulness. So far, though, I like what I'm reading.

I fell behind on this indicator due to my Tradestation crash (Black Tuesday) and subsequent recovery. In the meantime, here is what I found on the Tradestation community forums: Oscillators by John Ehlers

This is a collection of indicators by mmillar, based on Ehlers' work. I have uploaded the ELD file from that post. Hopefully I'm not violating any great rule, but there is no copyright, copyleft, or license indicated as far as I can tell. Use at your own peril. Here is one example of smoothing, using the Osc - AdaptCCI indicator against the built-in CCI Average, length = 14:
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We see the smoothing on this particular indicator after big moves, meaning we don't see as much chop or the 'V' formations. Not sure if this is useful or what this means, but maybe someone will find this useful.


“I should think that you Jedi would have more respect for the difference between knowledge and wisdom.”
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Attached Files
Register to download File Type: eld 20050810100708OSCILLATORS.ELD (33.8 KB, 6 views)
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  #8 (permalink)
Albufeira, Algarve, Portugal
 
Trading Experience: Intermediate
Platform: TradeStation,Sierra Chart
Broker/Data: Tradestation Securities
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Posts: 246 since Feb 2017
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I haven't come back to this thread, as I didn't make any headway on this indicator. As I have continued reading Ehler's work, I think the indicator is outdated. It is very difficult to understand it as it moves from trend to range and back again. His later indicators are a lot easier to understand and use.

~vmodus

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  #9 (permalink)
Seattle, WA/USA
 
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Thanks for posting your work. I agree, the sinewave indicator has always looked clunky to me. Would you recommend reading Rocket Science for traders? I've been meaning to look into it for sometime.

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  #10 (permalink)
Albufeira, Algarve, Portugal
 
Trading Experience: Intermediate
Platform: TradeStation,Sierra Chart
Broker/Data: Tradestation Securities
Favorite Futures: VX, my kids
 
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Posts: 246 since Feb 2017
Thanks: 399 given, 387 received


@kjhosken , I would recommend reading it, but it may take multiple reads unless you are familiar with the type of math he does. If you can borrow it, all the better. Ehler's later works are better, I believe, but Rocket Science gives a good starting foundation for his ideas. 'Cycle Analytics for Traders' is his penultimate and his best work, imho.

One thing I will say is that what he provides are just additional tools and generally not meant to be used individually. His goal is to have indicators with zero (or near zero) lag. That's pretty much the crux of his work.

Also, look on FIO's YouTube channel and search for Ehlers. @Big Mike did a couple webinars with Ehlers that are interesting:
FIO YouTube Channel

~vmodus


Last edited by vmodus; May 22nd, 2019 at 08:09 AM. Reason: Clarification
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