Tradestation

PitBull, I got the special offer but was not a TS user previously. E-mail me at scottmiverson@home.com

 

PitBull, now you can use just the software without opening an account with them, but it's $795/month.

http://www.tradestation.com/individual/fees/default.shtm

P

 

Blimey, thats taking the mickey just a bit!

 

I too was shocked by this increase. Apparently, the company has been getting too many subscribers for low cost. The e-mail I received from info@tradestation.com states,


"Dear Valued TradeStation Subscriber:

As you may be aware, the TradeStation monthly subscription rate
has recently increased to $795.00 per month. We wanted to let you
know that this increase affects new subscribers only and does not
affect your current monthly rate. We greatly value you as a client.
Thank you for your continued support and loyalty.


The TradeStation Team"

 

Too cheap at $99???

What further costs do they have?

I shouldn't complain because less users means a more reliable service, but this does smack as a desperate measure.

I see either a bankruptcy or a rate raise for individual users imminent.

If they increase it at all for current users I am going elsewhere. I encourage other users to do the same. Esignal is only a couple of bucks more than that and they are a tier 1 data provider with a far superior feed.

Then look at mytrack and quote.com. Both far cheaper than even current subscription. There is a company called RT Soft that is currently working on a data on demand interface for quote.com and ts2000i.

 

Funster wrote:

"Probably the simple answer is to (eg for RSI) plot 2 RSI indicators on top of each other. Instead of the CLOSE plot one with the HIGH and plot the other with the LOW. Then you can see if your signal levels are hit intra-bar.

Alternatively the following converted indicator code should plot the high and low as such:



Inputs: Length(14), BuyZone(30), SellZone(70);

Plot1(RSI(High, Length), "HRSI");
Plot2(RSI(Low, Length), "LRSI");
Plot3(BuyZone, "BuyZone");
Plot4(SellZone, "SellZone");

end;



Don't forget to go to properties - chart style and change the "Type" of HRSI and LRSI to "Bar High" and "Bar Low" respectively before saving. Et voila - an RSI bar chart!

Also this technique should work for your MAs and MACD, with a bit of basic fiddling about with easylanguage. Note, though, that there is a limit of 4 plots in any one indicator - so your MACD might actually have to be 2 different indicators on top of each other to get the 6 plots you need."

I'm not sure if I understand you correctly.

I went in my TS6 and looked under teh RSI code and it said teh following(how am I suppose to modify it so that it will plot the high,low,or close) (I'm NEW to EasyLanguage):

inputs:
Price( Close ),
Length( 14 ),
OverSold( 30 ),
OverBought( 70 ),
OverSColor( Cyan ),
OverBColor( Red ) ;

Plot1( RSI( Price, Length ), "RSI" ) ;
Plot2( OverSold, "OverSld" ) ;
Plot3( OverBought, "OverBot" ) ;

{ Color criteria }
if Plot1 > OverBought then
SetPlotColor( 1, OverBColor )
else if Plot1 < OverSold then
SetPlotColor( 1, OverSColor ) ;

{ Alert criteria }
if Plot1 crosses over OverSold then
Alert( "Indicator exiting oversold zone" )
else if Plot1 crosses under OverBought then
Alert( "Indicator exiting overbought zone" ) ;


{ ** Copyright (c) 1991-2001 TradeStation Technologies, Inc. All rights reserved. ** }

thanks,

trader99

 

Funster:

Actually, I decide to do one little change to teh code:

I changed:
from original code:

inputs:
Price( Close ),


to new code:
inputs:
Price( High ),

But I'm still NOT able to replicate the RSI=100 that I saw in real-time on my trading platform at the beginning of the day(9:36AM EST) on 1/9/2002 for MER.

My guess is that TS6 uses data from 1/8/2002 as well since at 9:36am there has NOT been enough data points to calculate RSI(9).

What do you think? If this is the case is there a way to calculate it on TS6 just using PURE intraday data not going back one day?

- trader99

 

I simplified it to make it easier to understand:
This version will not change colour at extremes nor provide audible alerts when overbought/sold.

If you "save as" the easylanguage you have got up as some other name (eg. "RSI from Funster") you won't destroy the original.

Then delete everything and replace it with my text.

Then go to the properties section and change the plots as per previous post.

Then press the green tick button at the top centre of the screen to verify it is OK and you can now close the window and load your new indicator to a chart.

 

Ok thinking about this now (I did say previously this was a quick fix) perhaps the following has happened:

Every bar in the RSI is calculated on a closing basis EXCEPT of course the final bar because it is incomplete. Therefore you will have to do something a lot more complex in order to emulate that (basically calculate it specifically with the price on that bar representing the price you saw at the time (find via tick data).

Persnally I think that would be a waste of time.

I don't use oscillators really anymore (too many false signals) but when I did I always waited until the final figure at the close of the bar before taking action. Perhaps you should too.

 

Funster:

I agree with you. I don't think it's worth it to get the exact numbers. As long as it's in oversold/overbought area that's all you need to know. But as you pointed out, oscillators are fickle.

I always use it in conjunction with other things..

thanks anyways,

trader99