HamFon Radar01 SMAStack indicator
for TradeStation 7 RadarScreen
Indicator purpose
Ham SMA Stack displays information about the current price relative to three
Simple Moving Average lines. This indicator looks for the three SMA lines to be stacked,
either in an uptrend (fastest MA higher than middle MA, middle MA higher than slowest MA, and
slowest MA trending up), or in a downtrend (fastest MA lower than middle MA, middle MA lower
than slowest MA, and slowest MA trending down). If a trend is detected, then the price level
is displayed (and color coded by default as green for uptrend, red for downtrend).
The price level is determined by where the current price falls in the SMA lines. For an uptrend,
the price level can be '>=Fast', '>=Med' (but less than Fast), '>=Slow' (but less than Med),
or '<Slow'. For a downtrend, the price level can be '<=Fast', '<=Med' (but greater than Fast),
'<=Slow' (but greater than Med), or '>Slow'.
Settings:General
- Maximum number of bars study will reference - default is Auto-detect.
- Update on every tick - default is Checked - you may Uncheck to improve performance,
but the indicator will not be recalculated until the end of the current bar.
- Load additional data for accumulative calculations - default is checked, with a
value of 250. This value should be the highest value you plan to use for SlowLength.
Settings:Inputs
- UpFGColor and UpBGColor are the Foreground and Background colors used to
display uptrending moving average values.
Default is black on green background.
- DownFGColor and DownBGColor are the Foreground and Background colors used to
display downtrending moving average values.
Default is white on red background.
- FastLength is the 'period' of the fastest moving average - default is 10.
- MedLength is the 'period' of the middle moving average - default is 20.
- SlowLength is the 'period' of the slowest moving average - default is 30.
Settings:Alerts
This Indicator does not currently support Alerts, but that may be a feature of a future release.
Examples:
There are nine possible outputs:
- SMA averages are trending up, and current price is at or above the fast moving average
- SMA averages are trending up, and current price is at or above the middle moving average, but below the fast moving average
- SMA averages are trending up, and current price is at or above the slow moving average, but below the middle moving average
- SMA averages are trending up, and current price is below the slow moving average
- SMA averages are not trending
- SMA averages are trending down, and current price is above the slow moving average
- SMA averages are trending down, and current price is at or below the slow moving average, but above the middle moving average
- SMA averages are trending down, and current price is at or below the middle moving average, but above the fast moving average
- SMA averages are trending down, and current price is at or below the fast moving average
The following RadarScreen shows an example of each.
The charts below give the details.
HamRadar01 is not guaranteed for any particular purpose. Trading involves a high level of
risk - and neither Prototech, Inc., nor Nelson Crowle (HamFon) will be liable for any losses
that you incur. HamRadar01 is licensed for individual usage - you may use it on any number of
machines, but only with the TradeStation Customer Number that you provide when you order. You
may not reverse engineer HamRadar01, or share it with other users.
If you have any questions, please email me.