A few keen users may have desired to venture into the API to discover that some pivot points are sometimes not plotted with the Swing indicator. Indeed there is a "hesitation" factor built in the algorithm, but only on the last pivot point. All older pivots stabilize after a while.
In order to better detect and use that information, the API now also outputs a pivot status e.g. peak/trough/hesitant. With experience, we can notice that the "hesitant" pivot is often a "glass ceiling", "glass floor" i.e. some sort of invisible support or resistance which is just being tested. It generally preempts a reversal, and can be used to update money management ahead of the reversal.
The new API call is : BV_GetPivotDir which returns -1 for a peak, 1 for a trough, and 0 (again on last pivot only) if pivot is hesitant.
The TS_TT DLL (version 1.2) is currently sent to all users, and updated EL indicators will be be posted here soon.
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Technical description of my TradeStation Trading Toolset (voisin DOT bruno AT gmail DOT com)
Welcome!
Welcome to TS-Trading-Technique,
where technical details will be published for my TradeStation trading toolset, developed over the years (well... been using TradeStation since 1993...). It is not quite an end product, not quite work in progress either. It does work, and this technique is both the completion of Phase 1 (working toolset and API), and opens the door to both developments of advanced A.I. tools outside TS (which I may eventually release as well as "Phase 2"), and the development of more advanced indicators within TradeStation. Note that since most of the complex calculations are done in the DLL, none of the indicators are protected, allowing the user to further develop indicators in EasyLanguage.
A common question is: Why don't you just write a documentation!? Well, maybe i'm lazy, maybe I think it is a waste of time since nobody ever reads docs, and maybe I believe this bit by bit teaching and coaching is the best way for you to absorb, digest, and finally make this technique your own...
This ''blog" complements the MarketSnapshot public blog, which will be now dedicated to daily/weekly screenshots and market comments. Another private blog exists, and specific chart analysis can be arranged: voisin.bruno AT gmail.com or with Skype (leave a message on "foretrade")
Google Group now also open:
http://groups.google.com/group/ts-tt
RSS Feed: http://feeds.feedburner.com/MarketSnapshot
where technical details will be published for my TradeStation trading toolset, developed over the years (well... been using TradeStation since 1993...). It is not quite an end product, not quite work in progress either. It does work, and this technique is both the completion of Phase 1 (working toolset and API), and opens the door to both developments of advanced A.I. tools outside TS (which I may eventually release as well as "Phase 2"), and the development of more advanced indicators within TradeStation. Note that since most of the complex calculations are done in the DLL, none of the indicators are protected, allowing the user to further develop indicators in EasyLanguage.
A common question is: Why don't you just write a documentation!? Well, maybe i'm lazy, maybe I think it is a waste of time since nobody ever reads docs, and maybe I believe this bit by bit teaching and coaching is the best way for you to absorb, digest, and finally make this technique your own...
This ''blog" complements the MarketSnapshot public blog, which will be now dedicated to daily/weekly screenshots and market comments. Another private blog exists, and specific chart analysis can be arranged: voisin.bruno AT gmail.com or with Skype (leave a message on "foretrade")
Google Group now also open:
http://groups.google.com/group/ts-tt
RSS Feed: http://feeds.feedburner.com/MarketSnapshot
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