This TradeStation program package contains an Indicator study that draws swing lines and a PaintBar study that colors a bar chart based on up, down, inside or outside bars. These plots are useful in swing trading futures, stocks, and options. Below are some examples of charts with these studies applied.
This same algorithm for determining swing points is used in our futures swing charts found in our subscription futures information area. Swing trading on a short term basis can be greatly improved using these swing charts. Examine these swing charts and note how up and down stair step patterns occur. The price moves away from prior swing points are in general consistent. By reviewing these swings, the swing trader can determine entry price and levels at which to consider taking profits.
Stock Option Calculator Using the Monto Carlo method, you can calculate the probability of reaching a specified price prior to expiration. The program will also analysis a position and give probability of reaching a specified return on debit trades or retaining certain percent of credit trades.
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