Roy Kelly Floor Traders Tools and TrendPro 8.2 (open code) for Tradestation 8.X
Floor Traders Tools 8.2 & Timing Software. Voted # 1 by TradeStation users. Developed by Roy Kelly, Floor Traders Tools identifies cycle tops and bottoms as they occur and generates mechanical buy and sell signals. This is a complete set of trading indicators that can be used by any trader to trade any market. This method is as accurate on stocks as it is on futures.
TrendPro 8.2. This software package is one of the best ever developed for trading or investing, and provides the trader with a systematic way of trading. These indicators will enter a trade at the earliest entry point possible to help maximize profits. These indicators are universal, working with any market and any time frame. This includes stocks, bonds and the S&P 500.
Floor Trader Tools
Kelly`s Cycle Identifier
The "Cycle Identifier" Indicator is a very powerful trading tool for identifying cycle tops and bottoms as they occur. The combination of the "Cycle Identifier", "Cycle Turn Points", and "Cycle Forecaster" indicators are used to trade the market`s cycle bottoms and tops, and to confirm trend reversals. The Cycle Identifier has proven to be one of the best indicators available for day traders, and position traders. Depending upon the market and time frame, 78 - 84% of the cycle tops and bottoms are identified by this indicator. This is a leading indicator, and often indicates a cycle top or bottom before any other indicator available.
Cycle Turn Points
Identifies cycle highs and cycle lows, which represent a change in price or percent greater than a minimum predetermined move. It was designed to clearly show cycle tops and bottoms. It will also show major cycle highs and lows. The indicator can be superimposed on the price chart or plotted in a separate sub-graph. It can also find all cycles, past and present. In both rising and declining markets, prices often trade around Fibonacci Retracement levels. When combined with the timing of cycles or swings, these retracements become significant price levels of support or resistance that are frequently followed by a Cycle Turn Point and entry signal.
Accumulation/Distribution
Based on volume, the standard Accumulation/Distribution is a favorite of stock traders. The Floor Traders Tools™ Accumulation/Distribution is based on price, and yet, it is evaluated the same as a normal Accumulation/Distribution line. Oscillators provide timing levels with the Accumulation/Distribution line crossing over or under the zero line.
Auto Trend Lines
These Trend Lines are fully automated and can be programmed for user preference.
Auto Trend Line Up is showing resistance. The Auto Trend Line Down is indicating a breakout to the up-side and shows the Profit Target. This breakout often has the potential for being a good trade.
Dynamic Stops
These stops are dynamically adaptive and fully automated; designed to keep you in the market longer with limited risk, allowing for bigger and more profitable moves. They will forecast the stop for the next bar before it forms.
Cycle Timing
This one shows where a tradable cycle may occur by painting the price bars before the cycle happens. This study does not show every cycle, only the ones that it recognizes as tradable.
Fibonacci Retracements
In both rising and declining markets, prices often trade around Fibonacci Retracement levels. When combined with the timing of cycles or swings, these retracements become significant price levels of support or resistance that are frequently followed by a cycle high or cycle low.
The colored lines show the Fibonacci Retracement levels on the chart. Floor Traders Tools™ automatically calculates four Fibonacci Retracement levels for cycles and high amplitude swings. The Fibonacci levels are indicated by four colored lines on the chart. The price at the Fibonacci level, and the Fibonacci number is also plotted on the chart, for easy viewing.
Fibonacci Extensions
The markets make Fibonacci Extensions from cycle swing points. These Fibonacci Extensions are used and capitalized upon by experienced traders.
Price Exhaustion
Shows support and resistance at the end of most market runs. After the market has run its course, and runs out of momentum, this shows the areas where the market should turn.
This indicator works two ways; by showing support, and resistance, at Exhaustion points. The price will often break through the Exhaustion line a little, and then reverse. In the chart shown above, the market tested the first cycle bottom. Then the price moved up, and then sold off moving down, and the price re-tested the bottom at the second cycle low. The market then finds support around the exhaustion level and moves upward from there.
In the chart above, an aggressive trader could have bought the first bottom, and it would have been a profitable trade. By selling the first cycle top the market would have sold off from there resulting in a profitable trade. The most common trade would have been to buy on the second cycle bottom when the market tested the support line again.
Kelly`s CCI Expert
This indicator is good for showing long-term trend and helps to identify trend reversals.
Different than most overbought/oversold oscillators, this one does not get stuck in the overbought/oversold position very often. When the price moves into the overbought/oversold areas and a major Cycle ID occurs, the market usually reverses. Divergence is much easier to see with this study than other overbought/oversold indicators. If the Alert option is "on" the Alert will sound when the oscillator price crosses over or under the overbought/oversold lines. This indicator is a favorite among stock traders.
Kelly`s Trident
This indicator establishes price balance points, profit targets, stops, and entry price.
If B2 was above B6 for the last swing, and B6 is above B2 for the current swing, then P3 for the current swing will be below B6 and the next valley after the current swing will terminate a downtrend.
If B6 was above B2 for the last swing, and B2 is above B6 for the current swing, then P3 for the current swing will be above B6 and the next peak after the current swing will terminate an uptrend.
Dynamic Cycle Forecaster
The Auto Forecaster bands forecast like timing bands. Unlike most timing bands, these work from price recognition rather than averaging a number of bars from an oscillator. In real-time it determines where tradable cycle tops or bottoms are most likely to occur during a band. They do not show up for every cycle top or bottom, as not all cycle tops or bottoms are tradable. If it does not plot a band during a cycle high or low, this does not mean that those cycles have no value, only that the indicator does not recognize them.
Filtered Waves
The Dynamics of this indicator is quite complex. It analyzes past data to determine the Elliott wave patterns, degree of retracements and then calculates the Standard Deviation for the overall direction of the current trend.
The Filtered Waves trend channel shows the trend is up, indicating only mechanical buy signals should be taken. This chart illustrates the use of the Filtered Waves trend channel with the Cycle Identifier and Cycle Turn Points. Cycle bottom #1 shows a major cycle bottom. It is identified by the major Cycle Identifier (the red spike in the middle of the cyan valley) and Cycle Turn Points. This low could have been bought by an aggressive trader.
Cycle bottom #2 has a Retracement of .382% and a Cycle Turn Point showing a bottom. The Cycle ID did not plot because there was not enough price movement from the last cycle high to the close of the price bar at Cycle bottom #2. As prices started rising, the Filtered Waves trend channel began to plot. Cycle bottom #2 was indicated by the red Cycle Turn Points, retracement of .382% and the price tested the bottom of the trend channels. This low could have been bought by any trader. This low saw a relatively small retracement of the move from Cycle bottom #1 indicating the potential for a sizeable move up.
Cycle bottom #3 is also buyable, in that the Trend Channel was up and the dark cyan Cycle ID showed a potential cycle bottom that was confirmed by a red dot from the Cycle Turn Points. Prices moved up from Cycle bottom #3 to make a longer-term trade.
Swing High/Low
Swing High/Low study plots colored dots above swing highs and below swing lows. Useful for Gann and Trend Lines.
TrendPro 8.2
TrendPro Stops
These are trailing stops and show you where to exit the trade and provide stops for long positions or short positions. It colors red dots for a up trending market and blue dots for a down trending market. The stops are adaptive and move with the market. They can also be used as profit targets. The stop losses are determined by the markets price momentum. When you enter the market, this indicator will continue optimizing your stops, locking in profits, and at the same time they provide the user complete flexibility. This indicator has Strength and Money Management input settings allowing the user to trade the market at their own level of risk.
TriggerPoints
TriggerPoints act as a system, in the respect that it shows the user the best place to enter a trade. This indicator pinpoints Buy & Sell signals based on the latest technology available today. When there is a Buy or Sell condition this indicator colors a big blue dot for a Buy or a big red dot for a Sell. A sound alert can also be given. It works great for Chart Scanning, saving hours of work.
TrendPro Trend
TrendPro Up & Down. These two indicators provide market direction and keep you trading in the direction of the trend. When the market changes direction or stays in an upward trend the price bars turn blue and remain blue. When the market changes direction to a downward trend the price bars turn red and remain red. If there is a sideways market or the market has no direction then the bars turn a neutral color.
Fibonacci Confluence
Roy Kelly`s Fibonacci Confluence Indicator will automatically calculate the most comprehensive Fibonacci Price and Time projections; and show high probability turning points for any market and any time frame. It will also automatically give you all support and resistance levels. This indicator is highly accurate on all freely traded markets including, but not limited to, the Equities, FOREX, E-mini`s, and other Commodities.
Two Smooth
The Two Smooth is a modified Stochastic. The Two Smooth indicator is used to recognize tops and bottoms of trading cycles in all time frames and all markets.
The standard Stochastic often stays in the over-bought or over-sold area for long periods, not showing small retracements that are often tradable in a trending market. However, this indicator will identify most of those tops and bottoms. If the Two Smooth indicator crosses above the lower line (over-sold) it indicates a buy signal, and if it crosses below the upper line (over-bought) it indicates a sell signal.
The Two Smooth indicator lowers the risk of false signals and increases the accuracy of identifying cycle tops and bottoms. The Two Smooth indicator helps show the direction of the market. As with any indicator it is prudent to trade in the direction of the trend.
Gartley
The Gartley pattern comes from the book "Profits in the Stock Market" by H. M. Gartley, published in 1937. In his book on page 222 Gartley describes a pattern that is a "re-test" of a top or bottom. This pattern prevents you from taking a high risk trade at a high or low since the "Gartley" is a re-test of a previous high or low. I have analyzed this pattern and applied the ratios to come up with the Gartley pattern that you see here. The theory is that it will fail and retrace .618 from C to D.
Kelly`s Advanced Moving Average
The Roy Kelly Advanced Moving Average (Advanced MA) was one of the first (and best) indicators I have designed. Although the Advanced MA works great as a stand-alone indicator, it was originally developed to help filter the trades called by the Kelly’s Cycle ID. I had lost the source code when I lost all my computers to a fire. When searching through a backup disk recently, I found the source code. I started to use it again—and it truly helps. It leads the price action, and when it cups the price at a cycle low or high, these cycles are usually more tradable.
The Advance MA in the chart above is in red. The green line is a Linear Regression Curve. The Advanced MA leads the price and moves faster than the Linear Regression Curve. The Advanced MA can reach a greater amplitude than the Linear Regression Curve; thus, making the Advanced MA a more reliable, stronger, and better indicator.
Trendicator
This indicator is a very powerful trend indicator when used in conjunction with the Kelly`s Cycle Identifier. This is the indicator we use to call those tops and bottoms.
Wait for a high or low cycle to plot, and when this indicator turns red with a high cycle you enter on the low of the bar the Kelly`s Cycle Identifier plotted on.
Reverse this procedure for a long entry by waiting for a low cycle to form and then when this indicator turns green you buy the top of the bar.
In either instance you may also use the high or low of the bar after the cycle identifier to enter the trade if you missed the bar the Cycle Identifier formed on.
Fully Automated Andrews Pitchfork
Dr. Andrews in the late thirties designed what he called his "median line" theory, which later became known as Andrews Pitchfork, because it looks like a pitchfork. He also went on to say that when prices move toward the middle line of the Pitchfork the price will reverse and return to the outside line, or if the price breaks through the middle line the price will usually continue to move forward to the outside line.
The beginning point is A, then B, and the ending point of the following cycle is C. In the case of such a cycle pivot, the Median Line, also known as the handle of the pitchfork, is constructed from point A through the midpoint of swing B & C and is extended right to the end of the chart. Two lines are then plotted parallel to the handle line. One line begins at point B, one line begins at point C, and both extend to the right of the chart.
Our Andrews Pitchfork indicator automatically finds the most recent three cycle pivots on a chart and plots a set of lines through these points showing the Andrews Pitchfork. It works on all time charts, including tick charts.
Kelly`s Floor Pivots
This indicator will show the Floor Pivot, Support 1,2,3 and Resistance 1,2,3. Plus is will also show Mid Point, Weekly, Monthly Pivots, Support, and Resistance.
You can get the ebook explaining Roy Kelly Trading Techniques here:
http://www.friendlytraders.com/forum...-you-rich.html
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