Anyone yet with Tradestation indicator of this? I am curious how this looks but all I can do is chart the Premium. One thing I put on as something that might give similar clues is I am charting the ES/SPX Prem and I put a vertical line at fair value premium and the extreme thresholds for BUY and SELL programs as set up by indexarb.com. When the premium gets too far ahead of itself and touches the upper threshold, the ES sells off and same thing on the other side. At the opening the PREM jumped to ove 12 and the ES had a high of 1434.50 before moving back lower to 1433.25 and sliding lower. I am going to set this alongside my charts to see if it gives turning point clues at extreme moves such as opening and long drops or rises. Only risk is that the market could keep moving against you as the PREM adjusts but the program trading should occur in large size to prevent that initially. Otherwise I have not idea how to put the STR/SQU in tradestation lol.
Thanks for the help palli... Here is the link for the str/squ/prv combo tool http://www.elitetrader.com/vb/attachment.php?s=&postid=1046171
Does anyone know the INDU symbol for IQ Feed? I did a search on IQ and it resulted in dozens of possibilities.
indu.x is what I'm using, seems to work but the offsett seems like it needs adjusting frequently. As the journal proceeds we will see if this is a common issue.
you have to use( data1 - data2 )-offset Value..in tradestation you have similar indicator only need to add offset Value