Does anyone know what study is used on this chart?

Discussion in 'Technical Analysis' started by bvam1, Apr 10, 2006.

  1. bvam1


  2. bvam1


    The guy who posted this chart said there's something better than stochastics. So I am a little curious...and his performance was pretty good.
  3. bvam1


  4. tomhaden


    Are you referring to the indicator on the bottoom of the screenshot?

    It says in the upper left corner of the indicator pane that it is RSI on Close using a 14 period length.
  5. bvam1


    Should have been more clear. I am not talking about the RSI indicator on the bottom of the screen. I am referring to the indicator on the price chart.
  6. tomhaden


    That is not an indicator on the price chart. Its is a trading strategy running under TradeStation.

    To reverse engineer you would need the actual ELD file of the system. Without it, you would just be guessing.
  7. Sashe


    I don't see any indicators on the price charts, just blue/red arrows, but I believe those are generated from the RSI readings in the lower pane
  8. bvam1


    Is it one of tradestation's built-in strategies?

    I know I've seen it somewhere before, but I don't quite remember.

    The corresponding numbers (0,1,-1) next to the up/down arrows tell me that it is likely to be a built-in strategy or study.

    I don't have tradestation, so I don't really know.
  9. tomhaden


    Don't know but I would assume not.

    The 1 (long 1 contract), -1 (short 1 contract), and 0 (flat) are just TradeStation's standard method of back-testing.

    The RSI may or may not have something to do with the system that is running (thus generating the blue/red arrows).
  10. bvam1


    Maybe I'll try to reverse engineer his strategy using his performance summary. Want to see if my system or his is more robust.
    #10     Apr 10, 2006