Package:
N-Day Lows and Highs Suite for MultiCharts
Some
prices are more significant than others, and some of
the most significant prices are yesterday's
high/low, the high/low over the last 2 days, over
the last 3 days, over the last N days, etc.
In other words, N-Day Lows and Highs.
N-Day Lows and Highs are prices where retreats
halted and advances stalled during the recent market
phase. These are the support and resistance levels
that simply have to be considered by the
savvy trader - whether the goal is to enter near
them, exit near them, or hold thru them!
Trading based on N-Day Lows and Highs is a
time-honored, yet still valid idea - one of
those "right there in plain sight" approaches that
many traders still have not yet properly studied and
acted upon.
CFT's
N-Day Lows and Highs Suite for MultiCharts will give you what you need
in order to backtest, scan, and act upon these key
points of previous market turning.
What It Is
This
package provides a trading strategy, a coordinated
chart indicator, and a separate Market Scanner
indicator that together provide the code you need to
build your own testing and trading campaign based on
N-Day Lows and Highs.
What It Looks Like
Here's a picture showing long entries taken in SPY
after price reaches a 3-day low, with long exits
taken after price reaches a 2-day high:
Here is one showing similar operations on the short
side:
Here is a view of the Market Scanner indicator
reporting on the N100:
Note that in this example,
none of the particular stocks shown are at N-Day
highs, but we see multiple stocks at 1 thru 6 day
lows..
Using the
N-Day Lows and Highs Suite with the Market Scanner
in
this way lets you visually monitor any list of symbols for
their N-Day Lows and Highs status. If you set
up lists of symbols for which you have previously
run strategy tests, the RadarScreen indicator makes
it easy to pick out symbols that are currently at or
exceeding a support/resistance level of interest for
trading (as determined by historical performance).
Features
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Strategy can trade long-only, short-only, or both
sides |
| Separate DaysBack
settings for long and short side entries and exits |
| Variable
BacktestBeginDate and BacktestEndDate for consistent
research runs |
| Separate 'ExtraPoints'
settings for long/short, entry/exit allow
"finesse" testing |
| MaxBarsToHold exit for
testing raw potential |
|
Target, Stop, PctTrail and EndOfDay exits built in |
| Complete set of standard
points-based exits built in |
| Complete set of standard
percentage-based exits built in |
| Strategy
code pre-written ready-for-sync with included
cooperating indicator |
The
N-Day Lows and Highs Package is delivered as
full
source code, so you can see exactly how
it is done and customize or extend it for yourself in the
future if you should ever feel the desire to do so.
The
N-Day Lows and Highs Package works with stocks, futures,
and FX. It is designed to be applied to
an intraday (i.e. minutes-based) chart to create
intraday entries and exits in the area of N-day low
and high levels.
And, of
course, you get
Customer Support
as needed to get it all
running.
What It Costs
Only $250 (the
cost of only two hours of custom programming time) gets
you all three professionally written and tested
techniques, ready to be put to work for you!
How You Get It
This package will be emailed
to you after your PayPal payment is processed.
Please be aware of the
caveats
before you order.
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Copyright
2003 - 2011 Steve Johns, all rights reserved. |
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