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Trade Breakouts And Retracements With TMV

The article by Barbara Star in this issue, ďTrade Breakouts And Retracements With TMVĒ, has demonstrated how to combine trend, momentum, volatility, and volume indicators to cut through the market noise. Since Tradecision does not support bar highlighting functionality, we developed a trading strategy to visualize the TMV technique that includes ADX and Moving Average movements.

Using Tradecisionís Indicator Builder, one needs to create the following indicators:

KELTNER indicator:

input
Length:"Number of Periods:", 13,2,500;
end_input

var
Keltner:=0;
end_var

Keltner:= Mov((H+L+C)/3,Length,S);

return Keltner;

KELTNER Top:

input
Length:"Number of Periods:", 13,2,500;
end_input

var
Keltner:=0;
end_var

Keltner:= Mov((H+L+C)/3,Length,S)+ 
Mov((H-L),Length,S) ;

return Keltner;

KELTNER Bottom:

input
Length:"Number of Periods:", 13,2,500;
end_input

var
Keltner:=0;
end_var

Keltner:= Mov((H+L+C)/3,Length,S) - 
Mov((H-L),Length,S) ;

return Keltner;

Volume Oscillator:

return iff(OSCV(1,20,S,PERCENT)>50,1,0);

Using Tradecisionís Strategy Builder, one needs to create the TMV strategy:

Entry Long

return ADX(10)>ADX(10)\1\ AND C>Mov(C,8,S);

Exit Long

return ADX(10)>ADX(10)\1\ AND C>Mov(C,8,S);

Entry Short

return ADX(10)>ADX(10)\1\ AND C>Mov(C,8,S);

Exit Short

return C<=Mov(C,8,S);



Download to import into Tradecision.

How to use this indicator in Tradecision:
  1. Click Download.
  2. Save this indicator in a safe location on your hard drive.
  3. Open Tradecision and in the Tools menu click Indicator Builder.
  4. In the Indicator Builder dialog, click Import, locate the saved file and then click OK.
The indicator will be added to the Custom Indicators list.
 
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