The Chandelier Exit is a volatility based exit. It is based on average true range. The author, Chuck LeBeau explains: It lets "... profits run in the direction of a trend while still offering some protection against any reversal in trend." According to the theory, traders should exit long positions at either the highest high since entry minus 3 ATRs, or at the highest close since entry minus 2.5 ATRs. The exit stop is placed at a multiple of average true ranges from the highest high or highest close since the entry of the trade. Chandelier Exit will rise instantly whenever new highs are reached. As the highs get higher the stop moves up but it never moves downward. Another method, called the "YoYo Exit" works in a similar way to Chandelier Exit, except that the ATR stop works with price Close values rather than Highest Highs. Thus, since Close value constantly moves up an down, the YoYo exit also moves up and down. The default settings for Chandelier exits are a 22-day period and a multiple of 3.0 times Average True Range.

to build futures and stock market trading systems! profitable stock market trading system based on your own tradingStochastic and two RSI Oscilattors that try to adapt to changing market conditions. They are still far from ideal indicator, however worth looking closer.chandelier archicadA minor modification of very goodchandeliers cafe earl shilton stock market trading system Dynamic BreakOut System, published in Futures Magazine. action bronson rare chandeliers pitchforkIt achieves very good results without optimisation. of very good indicators created by E.S. Coppock in order to identify significant peaks and troughts. It works quite well on daily, weekly and monthly charts. tool in MetaStock for cycle analysis.

If you analyse cycles, you find theseDue to them, you can visualise cycles on stock Try to find cycles on DJIA, S&P 500, All Ordinaries and other stock markets. for Center of Gravity and Detrender enable clear identification of turning points. They attempt to eliminate the trend in prices, what helps more easily identify cycles and overborought/oversold levels. RSI and ROC with flexible overbought and oversold levels - interesting way of applying adaptive methods. Try to use them in your own forex or futures trading strategies. formulas: MACD (DEMA) Preferred Stochastic, DMA, created by famous trader JoeEspecially useful in trend positioning and choosing time of entering or leaving the market.Directional Parabolic SystemThe author of this stock market trading system is J. Welles Wilder. Although not always effective, it is certainly worth a look. It provides a clear picture of the correct structure of an trend followingFive advanced methods of smoothing time series: AMA, ARSI, Ehlers, Kalman, T3.

Use these formulas instead of moving averages in your futures or forex formulas for MA’s fans. Both the indicator and groups of MA clearly show strength of the trend and help to forecast turning points much improving profitability of futures and forex tradingbination of statistics and technical analysis. MetaStock Expert module based on indicators similar to Kase PeakOscillator invented by Cynthia Kase.Download ... market trading system based on bands around a moving average. This simply technique is effective during longer trends.  In the case of flat market, it can show loss. Can be used with success for stocks and after few changes for futures. for Indicator created by Martin Pring using ROC. It generates very good trading signals, especially from divergences.MACD weekly (approximation)Very useful formulas – first step to multi-time frame analysis. Now you can have weekly and daily indicators on the same screen.New generation of RSI, normalized by Inverse Fisher Transform.

Formulas based on John Ehlers article for the Technical Analysis of Stock & Commodities magazine.Two most known Stops: Trailing and Chandelier. Extremly useful for futures traders. Improve your own stock market trading system for DJIA, S&P 500 or All Ordinaries with theseExpert system based onIt checks, if there is a trend on the stock market and then generates trend following or counter trend trading signals using Stochastic and RSI indicators. market trading system and Expert Advisor based on TRIX – ROC of triple exponential smoothed moving average of the security's closing price, designed to filter out “insignificant” cycles. 1.       Extract downloaded formulas using Winzip or Winrar. 3.       Choose Expert Advisor from Tools menu. 4.       Press Organizer in Expert Advisor dialog. 5.       Choose the Import formula files option and press Next button. 6.       Press Browse button and find extracted files. 7.       Press Finish button – MetaStock will install new

formulas for indicators, systems and experts. In case of any questions or suggestions, please contact:This software requires MetaStock version 10.1 or higher.  Developed by Dr. Alexander Elder and John Bruns, a programmer.  Provides the complete set of tools and indicators described in Come into My Trading Room, as well as Trading for a Living: Implements the Impulse System as well as Triple Screen. Smoothed Rate of Change The Impulse system, with added Impulse Release A custom formula calculates the weekly MACD-Histogram direction using daily data This allows explorations for Triple Screen stocks using daily data. The 'expert advisors' built with this trend indicator can be generalized to trading in any time frame. Templates provide for easy use of the indicators, all properly formatted. A simple 'expert advisor' is provided to highlight Triple Screen trading rules. Click Here for software manual in PDF.Twiggs Money Flow is my own derivation, based on the popular

Chaikin Money Flow indicator, which is in turn derived from theWe are all indebted to Marc Chaikin and Larry Williams for the contribution they have made to the field of technical analysis and price-volume oscillators. Twiggs Money Flow warns of breakouts and provides useful trend confirmation. It is based on the observation that buying support is normally signaled by: Likewise, selling pressure is evidenced by: After using Chaikin Money Flow intensively for several months, I noticed that the indicator has two weaknesses: Mayne Nickless (Australia) is plotted with Chaikin Money Flow and Mouse over chart captions to display trading signals. Twiggs Money Flow makes two basic improvements to the Chaikin Money Flow formula: Twiggs Money Flow and We do not spam. Twiggs Money Flow signals accumulation if above zero, while negative values signal reading (above or below zero), the stronger the signal.

The strongest confirmation of the above signals is when either: In other words: when Twiggs Money Flow respects the zero line. Flight Centre (Australia) with Beware of large volume spikes - on Twiggs MF or Chaikin MF. back towards zero is not a divergence but is caused by the exponential smoothing: the indicator will tend towards zero, over time, in the absence ofWhere there is any doubt about a divergence, check with a longer-term Twiggs MF indicator. 21-day Twiggs Money Flow and 100-day Twiggs Money Flow. for directions on how to set up Twiggs Money Flow. The default setting is: To alter the default settings - True Range is the greater of: Basically, True Range High (TRH) is the greater of today's High and yesterday's Close. True Range Low (TRL) is the lesser of today's Low Twiggs Money Flow substitutes true range for the daily high and low and then applies exponential smoothing, separately, to the

sum of AD and the divisor: True Range High (TRH) is the greater of: True Range Low (TRL) is the lesser of: AD = {(Close - TRL) - (TRH - Close)} / {TRH - TRL} * Volume TMF uses Welles Wilder's formula for calculating anWilder not use the standard exponential moving average formula. See Wilder Moving Average. A 14-day Wilder moving average is equivalent to a 27-day exponential moving average using the standard formula. Some observant readers have questioned why Step 3 is not divided by 21 days, to create anThe same applies to Step 4. You will note that Step 5 divides the result of Step 3 by Step 4. Division of the numerator (Step 3) and the denominator (Step 4) by 21 is therefore redundant: the one offsets the other. This leads to another question: Why are AD (Step 3) and Volume (Step 4) not divided by 21? If we take Step 4 as an example, V[21] is the sum of 21 days ofIf we want to add the next days Volume, we must remove one