Advance / Decline Race indicator for TradeStation

!RL_AD_Race

Advance / Decline Line race indicator.

This is by far the most entertaining indicator I have developed thus far, it is also the most difficult to set up.  For that reason  I do not support it.  It takes several data streams to setup, and then the indicators all have to be put into Data1′s sub-pane with axis sharing.

Below you can find a video of a recent trading time lapsed.

AD Race for the afternoon of 2-17-2009

Download and Installation:
To install this indicator do the following:

1. Download !RL_AL_ALL.ELD
2. The download should execute an import into TradeStation if your application extensions are setup correctly.  If not , use File -> import/export eld from the TradeStation menu. 
3. Download the AD_Race.TSW worksheet.   This too should auto import into your TradeStation.  If not put it into your C:\programs\tradestationXXXX\MyWork directory.
4. The worksheet has the indicator set up correctly.  Use Cut and Paste Window commands to move the indicator to a different worksheet.

Note: due to limitations in TradeStation and EasyLanguage, the first data stream, in this case $ADVUS (all us stocks advancing), must be visible in order to use text.  You must use background dragging to scale the indicator to show a range of -100 to 100 in order to see the indicator correctly.  If you have any question please let me know at custom@redliontrader.com.

Enjoy!

Tags: Advance Decline line, advancing and declining issues indicator, advancing issues, declining issues

This entry was posted on December 1, 2009 at 2:47 pm and is filed under Indicator. You can follow any responses to this entry through the RSS 2.0 feed.