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INSYNC INDEX Indicator and user function for Tradestation and Multicharts

 

This Indicator was conceptualised by Norm North in 1995, and is a consensus style oscillator indicator.

(Consensus indicators use many indicators to output a value)

 

Looking for Money flow index and landed on this page by search engine error?

 

                                                                        

A nice piece of code from Norm North of North Systems which uses a summation of 10 different components, ranging from commodity channel index, relative strength index (RSI) and money flow index to moving average convergence/divergence, Bollinger bands, among others.

 

 The Insync Index ranges from -65 to +65 and signals when the extreme point is reached and then retreats back from it. From that point on, you're on your own.

 

 

IMPORTANT note from Precision Trading Systems

 

Insync index contains two volume based indicators, Ease of Movement and Money Flow index.

These indicators each contribute scores of + 5 to - 5  to the consensus reading, and if you do not have trade volume enabled they will not assign the correct values, this effectively renders Insync useless.

 

So to make matters simpler I have added the input REALVOLUME = TRUE / FALSE to this indicator.

While this has the effect of reducing the range of Insync index to +55 and -55, ( if FALSE is selected )  it at least means that the two volume components are removed from the calculation and enable the remaining 8 indicators to work correctly. If this is not done, Insync will never reach the extreme points required to signal a trade.

 

Also you need to be aware, some version of Tradestation have a version of Money Flow Index which is not correctly coded.

I have the correct code here that can be used to replace the erroneous function. If you plot Money Flow Index in your Tradestation, and note how it looks, if the line is jerky and stepped, it the incorrect code version which does not follow the right formula as it was designed. If you need the correct code then please mail me.

  

How to use Insync

  • Insync is best employed as a watch-dog over a large workspace of instruments, with alerts given when the extreme levels are reached.

  • It is not an "Always in the market" indicator and hence needs to be protected with trailing stops. (Do not wait for the other extreme before exit trades)

  • WARNING This indicator works well in sideways ranging markets, but is NOT SUITABLE FOR TRENDING MARKETS

  • North intended buy signals when Insync reached -65 then rose away from it. Sell signals when reaching +65 and falling from it

  • This indicator works well if the signals are confirmed with Candlestick patterns

  • This indicator often works well on markets which are not profitable when testing trend following systems

  • My studies show that trading when Insync is not at the full extreme points of +-65 reduce trading profits significantly.

  • However you will see many great moves coming from 55 or 60 values, which will drive you insane....you have been warned

  • Some of the shortcomings of Insync have been addressed in the Precision Index Oscillator which I created recently

 

Insync index indicator ELA code is available free to those who score above 1150 in the Weekly Trading IQ game

 

To qualify for your free Insync index ela file, just create a free account and score 1150 or greater in the weekly contest

 then drop me an email with your account name. You will receive the indicator shortly after.

 

 

 

 

 

 

     

The Circles denote when Insync touched +65 and -65, you can see the last trade lost, showing you need trailing stops...

 

      

You will wait a long time for Insync to get to 65, so its best to make a radar screen and then attach an alert to it. 

 

           

The probability of a trades winning fades dramatically if you trade on 55 or 60, this is an annoying aspect 

 

 

All the subsequent high points after the long signal failed to reach 65, so the best policy is to exit on a trailing stop

Insync index indicator ELA code is available free to those who score above 1150 in the Weekly Trading IQ game

 

 

If you like Insync Index you might be interested to see the Precision Index Oscillator below which is available for

 MetaTrader 4 (MT4), Tradestation, MultiCharts, NinjaTrader.

 

 

Introducing the Precision Index Oscillator PI-OSC

by Precision Trading systems

Versions available for

MetaTrader 4 (MT4), Tradestation, MultiCharts, NinjaTrader.

 

                 Insync Index Indicator + function for Tradestation and Multicharts scroll down to request code

 

Compatible with....

Indicator + Strategy + Paintbar

PLA Dynamical GOLD

 

A highly complex moving average for advanced users only

 

Features include 101 speeds per length, overshoot on-off feature, anti-reverse on- off feature to reduce over trading, adjustable anti-reverse fractal percentages, fast start algorithm, paint bar, strategy and function which can be called by your own bespoke studies .

Read more

 

Price $133 (Pay-Pal)  Buy this item

Stocks, Futures, Bonds, Forex, Indices etc

Author: Precision Trading Systems. (Protected EL code)

Compatible with....

  Indicator + function

Precision Probability Index

An oscillator that measures the exact mathematical probability of one moving average being greater than another. Immensely versatile in its applications this indicator will help you make informed decisions by giving you the exact odds of your trade working out to the inputted bars into the future that you choose. When varying the settings this indicator can be made to work as a DSP binary trend indicator, or perform in the similar way as the popular  market tracker indicator by Indexia research. Read more

 

 

Price $245 (Pay-Pal)  Buy this item

Stocks, Futures, Bonds, Forex, Indices etc

Author: Precision Trading Systems. (Protected EL code)

Compatible with....

Indicator

Volume flow indicator (VFI)

Designed by Markos Katsanos this oscillator has many excellent qualities. Useful as a trend confirmation indicator, an overbought oversold oscillator, divergences between the price and the VFI are usually very reliable

VFI gets the vote of confidence from Precision trading systems as being a "must have" tool in the discerning traders kit

Please click below to see some more detailed examples of charts with the VFI plotted...More details and examples

 

FREE  with 1125 Trading IQ points (See bottom of page for details)

Stocks, Futures, Bonds, Forex (needs volume to run)

 

Author: Markos Katsanos. (Open EL code)

Compatible with....          Indicator + function

Demand Index

An excellent oscillator that is versatile in its applications, computing its values from price and volume. It can be used as a divergence indicator and a trend following indicator. I have added a smoothing length feature to suit the needs of the individual user.

I find this indicator very useful for observing intra-day price action in actively traded stocks and futures...........More details and examples

FREE  with 1200 Trading IQ points (See bottom of page for details)

Stocks, Futures, Bonds, Forex, Indices etc

Author: James Sibbet. ( Protected code )

Compatible with....    Indicator + function + signal

Precision Stop

Trend following system and indicator that self adjusts its distance to suit noise levels and volatility factors, making it more "intelligent" than Parabolic SAR, or ATR type indicators.

Can be adjusted to suit any time frame from day-trading to long term trend following by adjusting MULTI settings, features include a neat max and min percentage distance setting to cater for individual tastes.

Takes the guess work out of knowing when the trend is up or down, based on your own input values......*NEW*  Video simulation

 

Price $125 (Pay-Pal)   Buy this item

Stocks, Futures, Bonds, Forex, Indices etc

 

Author: Precision Trading Systems. (Protected EL code)

Compatible with....          Indicator + function                                     Insync Index

A "consensus" oscillator that highlights trend turning points, computing its values from an array of standard oscillators such as RSI Stochastic and Money Flow index.

It is best applied to range bound markets rather than trending ones.

 

I have added a REALVOLUME true-false feature  for users who use both tick volume and trade volume..........More details and examples

 

FREE  with 1150 Trading IQ points (See bottom of page for details)   

Stocks, Futures (Unsuitable for Forex)

 

Author: Norm North. ( Open EL code )

Compatible with....           Indicator + function                       Precision divergence finder

A complex piece of code that observes multiple look backs of Demand Index lengths to hunt out when divergences exist.

Often produces stunning signals at exact market bottoms.

This is not an "always in the market" indicator and only flags up when sets up occur that show a real divergence in a market.

As Demand Index uses volume, to perform at its best this indicator needs real volume enabled..............More details and examples

 

Price $167  (Pay-Pal)   Buy this item

Stocks, Futures, Bonds  (Unsuitable for Forex)

 

Author: Precision Trading Systems. (Protected EL code)

Compatible with....              Indicator + function                     Trade Volume Index  ( TVI )

Beautiful piece of work by Steve B Achelis, which I used in some of my early systems. Makes for a smooth analysis of volumes flowing in and out of markets and has always been one of my favourites.

I have altered the code to allow length changes and smoothing.

.

Adds the "Volume dimension" to your price analysis in a clear and precise manner. This indicator is a valuable addition to system filters to confirm trend direction...........More

 

FREE  with 1100 Trading IQ points (See bottom of page for details)

Stocks, Futures, Bonds, Forex, Indices etc

 

Author: Steve B Achelis. ( Protected EL code)

Compatible with....              Indicator + function                                    Q-Stick

A Simple and yet very efficient way of defining if a trend is in a bull or bear phase. Probably the best piece of work that Chande ever turned out, and yet seemingly forgotten by the whole world.

Setting lengths to 80 or more makes for a smooth analysis of trend, and the crossing of zero indicates trend direction.

 

See how early it signalled a bear move in the example when it crossed zero. Can be used as an short term oscillator with lengths less than 10 and often gives very early signals...More

 

FREE  with 1050 Trading IQ points (See bottom of page for details)

Stocks, Futures, Bonds, Forex, Indices etc

 

Author: Tushar Chande. ( Protected EL code)

Compatible with....                Indicator + function Precision Volume (Tick volume for real-time )

An indicator I made for measuring demand-supply imbalances.

This indicator will only work correctly if used on real time data with tick volume enabled.

 

Early warning indicator ( Requires confirmation )

An oscillator type indicator which measures demand and supply imbalances in an easily understood form

 

Above zero = Demand > Supply over sampling period

 

New indicator highs or lows over a chosen long length of (100 bars+) often foretell a strong move is coming..........More

 

FREE    with 1025 Trading IQ points (See bottom of page for details)

Stocks, Futures, non-traded Indices (Unsuitable for Forex)

 

Author: Precision Trading Systems. (Protected EL code)

Compatible with....           Indicator + function           Precision Index Oscillator ( Pi-Osc )

 

Highly sophisticated "consensus" indicator comprised of many different component signals. A real technicians tool that measures everything from divergences to probabilities to unique chart patterns in a single market indicator. 

Best results are given when analysing range bound and choppy markets rather than trending ones. Version 2 is not available yet.

 

Some of its components use real volume so for this to perform at its best this indicator needs real volume............More

 

Price $397  (Pay-Pal)   Buy this item

Stocks, Futures, Bonds  

 

Author: Precision Trading Systems. (Protected EL code)

Compatible with....

 Indicator + function + Signal

Precision Mach-Trend

Designed to reduce whipsaw trades in trending periods and help the user reduce costly F expenses.

Mach-Trend is superbly simple to use, and is suitable for all ranges of traders. Calculated using advanced mathematics, this indicator will reduce your F and improve your overall performance. Mach-Trend Platinum pro has fully available parameters enabling advanced optimisations for the sophisticated user.........more information.

 

Price $995  (Pay-Pal)   Buy this item (demo available $197)

Stocks, Futures, Bonds, Forex  

 

Author: Precision Trading Systems. (Protected EL code)

 

Compatible with....          Indicator + function                              Precision Gravity System

NOT YET

 

A complex piece of code that observes multiple phases of planetary orbits, to calculate extreme points of price sets. The relative gravity of the "sun" and "moon" are calculated using advanced physics mathematics.

The first system of its kind to be introduced to stock market trading systems, its is still under developments.........more

 

 

Coming soon

 

Stocks, Futures, Bonds  (Unsuitable for Forex)

 

Author: Precision Trading Systems. (Protected EL code)

Compatible with....           Indicator + function

  Money flow index MFI

 

Highly effective volume indicator showing money flowing in and out of securities. Works well as an over bought oversold oscillator and can be used for divergences as well. Ranging between 0 to 100 the MFI crossing above or below 50 can be used to identify a bullish or bearish condition of a trend changing even.....More details and examples

 

FREE  with 1075 Trading IQ points (See bottom of page for details)

Stocks, Futures, Bonds, Forex, Indices

 

Author: Unknown. (Open EL code)

     

 

FREE and paid Systems and Indicators for Tradestation MultiCharts, MetaTrader4  and NinjaTrader, detailed articles on trading systems, trend following, risk control analytics, optimization, optimal trade size formulas, online calculators, FREE to play Trading IQ Game with massive prizes from our two sponsors NinjaTrader and MultiCharts, tutorial videos, expert trader videos, no nonense content that does exactly as it is described...Time is running out... Credit availability is drying up....US National debt to be equal to 35% of the entire worlds GDP in 3 years....33% of all USA tax revenues will be required just to make the INTEREST PAYMENTS on the collosal national debt...... Eventually the US will have no option other than to print money or default on their debt repayments...... US Dollars will likely cease to be the reserve currency of the world........Stimulus is running out, the Federal reserve has fired all its bullets and the only options left are to print more money or to default on the debt payments.....The problem is infinitely worse than in 1929 due to the added problem of this huge government debt...... In 1929 the USA still had a positive trade surplus and a manufacturing based economy..... In 2011 the USA will have no such resources to fall back on........The two most likely scenarios are both likely to lead to disaster......Hyper-Inflation at 40%+ or Deflationary implosion....... Either of the two possibilities will lead to huge moves in the worlds financial markets........Trading of these massive moves could be the only way out..........Wise proffessional traders have already started building huge dollar short posistions in anticipation of the debacles to come.....Many people will suffer as a result of the irresponsible un-elected Federal reserve operatives..........Many more people will lose their homes......Millions of jobs will be lost......Those who are unprepared will become impoverished in ways that they could never imagine.....What is your strategy to trade these violent market trends?.........ARE YOU  READY?

Precision Trading Systems is partnered with MultiCharts and part of the NinjaTrader Ecosystem

 
  • Products are provided for both these platforms.
  • Our partners also sponsor the Trading IQ Game
  • Both these trading platforms are excellent

 


Precision Trading Systems is provider of the following

 Introduction

 

 Precision Trading Systems is partnered  with MultiCharts.

 

 Precision Trading Systems is part of the NinjaTrader ecosystem.

 

 Systems and Indicators for Tradestation, NinjaTrader and MultiCharts.

 

 Top quality paid & FREE trading systems and indicators for most platforms

 

 Members can receive some paid products completely FREE

 

 Roger Medcalf is a vendor on the Tradestation App store

 

 Roger Medcalf is a vendor of products of MetaTrader 4

 

 

  Free to play Trading IQ Game with generous PRIZES  from our sponsors.

 

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RISK DISCLOSURE

 

  • Futures, Forex and Stock trading contain substantial risk and are not for every investor.

  • An investor could potentially lose all or more of the initial investment.

  • Risk capital is money that can be lost without jeopardizing ones financial security or lifestyle.

  • Only risk capital should be used for trading

  • Only those with sufficient risk capital should consider trading.

  • Past performance is not necessarily indicative of future results.

 

 

HYPOTHETICAL PERFORMANCE DISCLOSURE

 

Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

 

 

 

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