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The indicator, called "seasonal SB -- short," is only active during the timeframe specified in the original seasonal soybean strategy. When entering the timeframe, the entry stop level will be displayed on the chart. Once a position is entered, the entry stop is no longer displayed and the indicator instead displays the profit stop and the protective stop levels. When the position is closed out, the indicator again begins to display the entry stop value until the end of the timeframe. By displaying the important strategy entry/exit levels, this indicator provides seasonal traders with a visual point of reference of their open position status. Below is the EasyLanguage that is used to develop the "seasonal SB -- short" indicator in the PowerEditor. I have given some style and scaling recommendations immediately following the EasyLanguage. Type: Indicator, Name: Seasonal SB - Short Inputs: EntryStop(16), ProtectStop(5), ProfitStop(11); Variables: EntryStp(0), ProtectStp(0), ProfitStp(0); Condition1 = Month(Date) = 5 AND DayOfMonth(Date) > 14; Condition2 = Month(Date) = 6; Condition3 = Month(Date) = 7; Condition4 = Condition1 OR Condition2 OR Condition3; Condition5 = I_MarketPosition = -1; EntryStp = Lowest(Low, EntryStop) - 6 Points; ProfitStp = Highest(High, ProfitStop) + 1 Point; If Condition5 <> Condition5[1] Then ProtectStp = Highest(High, ProtectStop) + 1 Point; If Condition4 AND Condition5 = False Then Begin Plot1(EntryStp, "EntryStop"); Plot2(EntryStp, "EntryStop"); End; If (Condition4 AND Condition5) OR Condition5 Then Begin Plot3(ProtectStp, "ProtectStop"); Plot4(ProfitStp, "ProfitStop"); End; The style and scaling for the above indicator should be set as displayed below: Style: Plot Name Type Color Weight Plot1 EntryStop Left Tic Red medium Plot2 EntryStop Right Tic Red medium Plot3 ProtectStop Right Tic Drk magenta medium Plot4 ProfitStop Right Tic Magenta medium Scaling: Same as Price Data The design of this indicator is not exclusive to just this seasonal soybean strategy. The same idea can also be applied to other seasonal strategies as well by simply adjusting the dates and/or the entry and exit parameters. The EasyLanguage for the "seasonal SB - short" indicator and strategy described in the article are available for downloading from www.omegaresearch.com. The name of the file is "Seasonal.ELS." -- Gaston Sanchez, Omega Research Inc. 800 422-8587, 305 270-1095 http://www.omegaresearch.com Code:
 all formulas for TradeStationall formulas
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| However we try to maintain hiqhest possible level of service - most formulas, oscillators, indicators and systems are submitted by anonymous users. Therefore S4T™ does not take any responsibility for it's quality. If you use any of this information, use it at your own risk. You are responsible for your own trading decisions. Be sure to verify that any information you see on these pages is correct, and is applicable to your particular trade. In no case will S4T™ be responsible for your trading gains or losses. |
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