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 Platforms supported by Precision Trading Systems

 

 

  INSYNC INDEX Indicator and user function for Tradestation and Multicharts, also supporting MT4 and NinjaTrader 7& 8

 

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

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   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  Stocks, Futures, Bonds, Forex, Indices etc

Author: James Sibbet. ( Open EL code )

 

Compatible with....         Indicator + function

Precision Lagless Average

A Lagless moving average with no overshoot that outperforms all other known industry standard moving averages. Comes with features including length changing algorithms and an anti-reverse option to minimise over trading in congestion areas, the result of 9 weeks intensive and complex coding after someone told me that the Hull average was better than the Jurikes JMA. In one session I was able to improve on the Hull average, but it took me a lot longer to improve on the Jurik JMA offering.......More details and examples

 

Price $297 (Pay-Pal)  Buy this item

Stocks, Futures, Bonds, Forex, Indices etc

 

Author: Precision Trading Systems. (Protected EL 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.......More details and example videos

 

Price $125 (Pay-Pal)   Buy this item

Stocks, Futures, Bonds, Forex, Indices etc

 

Author: Precision Trading Systems. (Protected 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

Stocks, Futures, Bonds, Forex, Indices etc

 

Author: Steve B Achelis. ( Protected EL code)

Compatible with....              Indicator + function

                                          Quick 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  

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     

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.

 

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

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 pro has adjustable price and length, and Mach-Trend Platinum has fully available parameters enabling advanced optimisations for the sophisticated user.

 

Coming soon

Stocks, Futures, Bonds, Forex, Indices

 

Author: Precision Trading Systems. (Protected EL code)

 

Precision Trading Systems is provider of the following

 Introduction

 

  Precision Trading Systems is partnered with NinjaTrader & MultiCharts.

 

  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

 

  Members can receive FREE trading and betting capital on sign up

 

  UK Spread betting guide showing how I made a 25,543% return in 12 years

 

  Elite traders forum for sharing tips on how to use these products for best effect.

 

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

 

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Money flow index

Mach-Trend *NEW*

Precision Stop

Precision divergence finder

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