DecisionBar for TradeStation
In TradeStation, DecisionBar signals are denoted by small letter above or below the signal bar according to the following legend:
Long Signals, the letter(s) will be Green and Below the Bar:
F = Failure
B = Breakout
E = Exhaustion
2P = (Secondary DecisionBar - Pivot Adjustment) Possible Reversal
2R = (Secondary DecisionBar - Reversal at Previous Support) Possible Reversal
Short Signals, the letter will be Red and above the Bar.
F = Failure
B = Breakdown
E = Exhaustion
2P = (Secondary DecisionBar - Pivot Adjustment) Possible Reversal
2R = (Secondary DecisionBar - Reversal at Previous Resistance) Possible Reversal
Risk Oscillators
There are three Risk Oscillators included with the TradeStation version of the DecisionBar Indicators.
The Stocks Risk Oscillator is specifically designed for trading stocks, the Futures Risk Oscillator is optimized for index and commodity futures, and the FX Risk Oscillator is specifically designed for Forex Trading.
All three oscillatrors can be applied directly to a chart without any additional inputs.
Once a DecisionBar is identified, my proprietary Risk Oscillators take the guesswork out of trading. With my DecisionBar Software trading is as easy as A,B,C,D.
A - Note the direction of the signal.
B- Confirm the signal with the Risk Oscillator. Long Signals are confirmed by a positive Risk Oscillator. Short Signals are confirmed by a negative Risk Oscillator.
C - Consider entering the trade on a bar moving in the same direction as the trade.
D - Confirm the entry by making sure the Risk Oscillator agrees with the trade in value and slope. (For a long trade the Risk Oscillator should be positive and rising. For a short trade the Risk Oscillator should be negative and falling.
My Screenshot:
Installation Notes, Extra Information and Download/Mirror Links
Installation Notes
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