A Few Open Code EOTPro End of Trend Indicators for Tradestation 8.X

[thefixx]

A Few EOTPro End of Trend Indicators for Tradestation 8.X

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PlotCycle - Identifies cycle tops and bottoms after the fact. This is not an indicator that will plot a top of bottom on a price bar as it unfolds in real time. It is strictly used as a visual reference. For example, I use it to help draw fib retracements and extentions and trendlines.



ShellyVol_TimeAdjusted - Volume oscillator very useful for identifying volume sentiment. As you can see in the picture, the indicators are identical. I use this a lot. When used in conjunction with GCycle_Vol, it`s very useful for identifying potential slingshot setups. For example, if GCycle_Vol and price move higher, but ShellyVol stays low, there`s a very good chance of price falling back to at least the most recent trough. Look at all of the slightshot setups marked by arrows that occurred the day after the most recent Fed Day. ShelVol trended low and stayed low the entire day. Everytime GCycleVol crossed above 50 and hooked back down was a good entry point to sell. Except for right near the open, ShelVol could never get above 50. One simple way to play this was as soon as GCycle_Vol crossed above 50, trail a sell stop under the low of each bar right after it completes, and as long as ShelVol is still low let the market take you into a short position when GCycl_Vol turns back down. Also very good for identifying potential divergences.





GCycle_Vol - I don`t have the exact code for this indicator, but I got it pretty close to the actual one using the included functions. See the picture below. I like to set this indicator up as a point rather than a line. This allows me to identify on which bar a turn actually occurs.



GCycleStoch_Smooth - This indicator requires that you already have the EOT indicators because it requires a specific function that I don`t have the code for. As a result, the download file contains a text file of the code rather than an actual ELD. You can see from the picture that the indicator is identical to the original GCycleStoch_Smooth. The only difference is that for some reason, they decided to cap oscillator values beyond 100 and 0 at 100 and 0 and not plot them. If you want to do the same thing with this code, then you can easily do it. I prefer to see the entire range. If you already have GCycleStoch_TimeAdj, these 2 indicators are also very useful for identifying slingshot setups.

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