EEdge Base Indicator Package
This is the "Base" Package of the EEdge Indicators
This package includes ALL of the following indicators:
#1) EEdge-Trend Indicator
EEdge-Trend assists in identifying the direction of the prevailing trend to help provide the ever illusive "Bias" traders are always looking for with Edge_Trend. Configurable colored levels are plotted on the chart and identify trend direction, trend strength and short term support and resistance areas. Based on price action, this attempts to keep the trader on the right side of the market and attempts to eliminate the temptation of "catching a falling knife".
#2) EEdge-LRE Indicator
The Edge_LRE (Low Risk Entry) indicator plots arrows where low risk entries exist in the direction of the prevailing trend. These LRE points are based on short term price action, trend direction and time, attempting to identify optimal timing of entries. Edge_LRE is best when used with other EEdge Indicators to refine an edge, but even by itself can be a supporting piece to a fundamentally robust and repeatable trading plan. Both of these indicators do not need to be "tuned", but are based on fundamental price, price movement and time so no "curve fitting" or adjusting of variables is available or necessary, ensuring complete repeatability.
#3) EEdge-HeatMap Indicator
This EminiEdge Indicator identifies the professionals and the amateurs by analyzing average trade size and uses a PaintBar study to change the color of the candles or OHLC bars right on your chart. The basis is that professionals trade in size, whereas the amateurs trade in small lots. Knowing where the higher concentration of "heat", ie. trader types are allows us to enter or exit trades with the professionals and by fading the amateurs!
#4) EEdge-Volume Indicator
This EminiEdge Indicator identifies the buying and selling pressure by analyzing the volume at the Bid and the Ask. By knowing where the buyers and sellers are identifies when a move has started, when it is weakening and when it is over and time to take profits! One parameter analyzed plots volume exhaustion and yet another plots price exhaustion. The big moves start with volume exhaustion and end with volume and price exhaustion and continually moves between the two. Knowing where these areas are allows us to enter or exit trades with the professionals and by fading the amateurs! Updated algorithm also allows plotting of EEdge-Trend Levels in sub-graph and is also now compatible with the EEdge-MTF series indicators...
The beauty of this indicator set is that it is designed to work together to create a unique trading edge. As part of a robust trading plan, this essential information is almost always overlooked by the public. Use all the available information to help increase your edge!
Tradestation .ELD indicators
Installation documention (PDF)
Access to additional installation and use training videos
Indicators for use with TradeStation Platform