The following 7 are Advanced Indicators referenced only in the One-On-One Mentoring Program
JumpStart Oscillator & Alerts: $325
As the flagship indicator for the JumpStart Mentoring Program, the JumpStart Oscillator with Alerts is specifically designed for the new and/or consistently losing trader. It not only helps the user decide whether to be long, short, or flat, but also when it would be best to initiate entry. The indicator aids in overcoming trade hesitation by building confidence in choice of direction and, more importantly - timing. Don't be fraught with indecision any longer. Let the JumpStart Indicator tell you when and how to pull the trigger. As an added bonus it even helps to identify those intraday market pushes that have the greatest potential to trend still further. This feature enables better trade placement by delaying entry until directly after the first retracement move. The indicator even has audio alerts that provide a "heads up" whenever buy, sell, or swing continuation signals are fired. If you are looking to add just one indicator to your trading tool kit, it should definitely be this one! Purchase includes workspace with the indicators pre-formatted for best use. Available for the TradeStation® platform.
Gap Indicator: $325
The Gap Indicator is designed to take full advantage of just one of the three highest probability trade setups that typically occur during the opening few hours of the day. For those who can devote only a limited amount of time to trading, this indicator is a must! During the hours before and as the market nears its opening bell, the indicator constantly updates the difference between the prior day close and the current price. Using gap level historical price information, market-specific probability of closure is calculated and displayed as a known value just prior to the beginning of each trading day. This information is dependent on the direction and size of the gap, and can tell us what the chances for full closure happen to be along with the odds of half-gap closure (which are always greater than full closure). It also determines the probability of closure based on the current day of the week, as well as note any other day-specific variables that may effect the probability of gap closure (such as special precautions necessary during the monthly options expiration period and Employment Report days). The indicator also makes note of special situation days (such as FOMC announcements and Triple or Quadruple Witching) and describes specific trading strategies that take advantage of reliable time/price relationships that normally occur on these days. Available for ES, YM, NQ, and RTY contracts in the TradeStation® platform.
Pattern Trapper Oscillator: $225
The Pattern Trapper Oscillator does a remarkable job of defining the cyclical price action of any timeframe and identifying the peaks and troughs of that action. One way of using it is as a way to fine-turn your exits. Once applied to your principle trading timeframe of interest you can target your long exits while in its overbought region, and your short exits while oversold. Another effective use is to apply it not only to your chosen trading timeframe, but also one that is 2 to 3 times the length (or 2 to 3 times the number of ticks if using tick-based charts). Then look for a shorting opportunities when both are in overbought territory, and for longs when both are in oversold territory. The EHLB/ELHB technique (described in detail in the Pattern Trapper On-Line Course) is an excellent way to trigger entries and exits when used in combination with the Pattern Trapper Oscillator. Available for the TradeStation® platform.
Pattern Trapper Bands: $175
Although at first glance they may look like Bollinger Bands, Pattern Trapper Bands use a completely different (and much more responsive) algorithm to provide a short term assessment of high and low data values. During a congestion (or contraction) market phase the top and bottom bands provide excellent reference points for selling towards the top band and buying towards the bottom. During a trending market the midline provides a good support reference level (in an uptrend) or a good resistance level (in a downtrend). They can be used in any timeframe. The indicator also offers an optional text display for each level as an aid in quickly identifying target price levels. Available for the TradeStation® platform.
TickSmart: $175
The TickSmart indicator makes the task of using more traditional interpretations of NYSE Tick much easier. It is crafted for quick and easy understanding and interpretation of this critical market measurement. It does this by providing (1) separate line plots for both the closing and extreme values of each time interval, which allow the trader to focus on the most important aspects of Tick development while eliminating nonessential information, (2) Extreme Tick level reference lines and associated voice alerts whenever Tick values reach critical magnitudes, (3) both audio alert and on-screen display of Overbought/Oversold Tick conditions which offer high probability short term turning points, and (4) a running account and display of both daily high and daily low Tick values as an additional aid in identifying potential support and resistance levels. As an added bonus, purchase of this indicator includes a PDF file describing of each of the 7 different methods of using NYSE Tick as an aid in understanding and interpreting underlying market forces. Available for the TradeStation® platform.
TickSpike: $225
The NYSE Tick is an important gauge of internal market breadth when trading US index futures contracts (ES,YM,NQ,TF). It represents a running account of the number of stocks trading higher on the NYSE minus the number of stocks trading lower. It's most often used interpretation in terms of trend and absolute value can take years of experience to use effectively. A little known (and vastly under-used) way of gauging NYSE Tick behavior is in terms of statistical performance. The TickSpike indicator does this by measuring the volatility range of the data series itself and identifying any spike moves that exceed them. TickSpike signals do a remarkable job of identifying short-term reversal points. The beginning or conservative trader can use them as optimum entry points in the direction of the trend or as exit points when fired in a direction opposite of current holdings. The more experienced or aggressive trader can also use them as potential counter-trend setups. Available for the TradeStation® platform.
Overnight High/Low Range: $125
Very similar to the importance of the previous day high and low is the Overnight High & Low, for these levels represent the outer extremes of accepted value established since the prior day-session close. We treat them very similar in manner to the previous day high and low. A successful breach is normally preceded by several failed attempts. Once achieved, such price action often represents an important shift in market psychology with the potential to create a new trend move. The Overnight High & Low indicator allows the user to input the exact overnight session start and stop times that they'd like to use. The default is set to the overnight session for the e-mini index contracts of 4:30PM ET to 9:30PM ET the following morning. Available for the TradeStation® platform.
The following 7 are referenced in both the On-Line Course & One-On-One Mentoring Program
Pivot System Levels: $175
One of the most frustrating experiences for new users of almost any charting platform is the lack of flexibility built into the pivot levels indicator normally supplied with the program. The Pattern Trapper Pivot System Levels indicator allows for the correct calculation and plotting of Pivot System Levels based on the open and close times determined by you, and not just by the chart-based session begin and end times. This means that you can plot full session data, but have the pivots calculated by the day-session time frame only. Or, instead, you can calculate the pivots based on the time frame that the exchange uses to specify the full session (i.e., 4:30PM ET to 4:15PM ET the following day for the e-mini S&P). All levels have the associated labeling so you never get them confused. It even has an option for plotting midlines between each level. Available for the TradeStation® platform.
Range Projection Levels: $175
Range Projection Levels are used to determine likely support and resistance for an entire day's worth of trading. Whereas Pivot System Levels are used to determine where important shifts in market psychology may occur on an intraday basis, Range Projection Levels are used to help describe the outside limits of trading for an entire day of activity. We use them as another tool to help us create structure out of unstructured market occurrences. For the Pattern Trapper Approach to Short-term Trading, we use two sets of numbers to describe this probable range. The Normal Range Projection Levels define the outer limits for a typical trading day. The Extended Range Projection Levels describe the outer limits on more volatile days when the Normal Range Projection levels are exceeded. Available for the TradeStation® platform.
3/10 Oscillator: $150
An effective means of identifying market turning points is by comparing the degree of price momentum behind successive market swings. Price momentum is a measure of the rate or speed of price change. Normally, if we are to expect successive market swings to continue creating new highs or new lows, we would expect the rate of price change to increase along with the new highs or new lows. If successive swings did not have an increase in momentum, the validity of the new push higher or lower would be called into question. The 3/10 Oscillator measures and compares the degree of price momentum behind successive market swings, allowing the user to assess whether the current swing direction is likely to continue or reverseAn effective means of identifying market turning points is by comparing the degree of price momentum behind successive market swings. Price momentum is a measure of the rate or speed of price change. Normally, if we are to expect successive market swings to continue creating new highs or new lows, we would expect the rate of price change to increase along with the new highs or new lows. If successive swings did not have an increase in momentum, the validity of the new push higher or lower would be called into question. The 3/10 Oscillator measures and compares the degree of price momentum behind successive market swings, allowing the user to assess whether the current swing direction is likely to continue or reverse. Available for the TradeStation® platform.
5/15/30 20EMA: $150
Although the bulk of the techniques advocated by The Pattern Trapper are just as effective in any timeframe in any freely-traded, liquid market, the trading methods used most often emphasize the shorter-term timeframes: anywhere from intraday trades to multi-day swing trades. The five minute chart is normally used as our principle intraday trading timeframe with occasional references to other periods when market conditions warrant. For this reason, the 5 min. 20EMA is our most frequently referenced moving average. However, it is very helpful to also plot both the 15 min. and 30 min. 20EMAs on the same 5 minute chart. The "5/15/30 20EMA" indicator will automatically and accurately plot these levels on your intraday charts for quick and easy reference. Available for the TradeStation® platform.
Historical Volatility: $150
Historical Volatility is a measure of the degree in which price fluctuates over a particular interval of time. For any given market, historical volatility levels tend to expand and shrink with fairly cyclical rhythms. When they shrink towards certain general floor levels, it is likely that the process will evolve into one of expansion. That expansion in historical volatility levels can often lead to wide-range periods of market activity that trend in a single direction - the kind of trading environments that are well-suited for capturing large profits. The Historical Volatility indicator easily identifies these periods. Available for the TradeStation® platform.
Modified ADX: $150
ADX (Average Directional Movement) is a derivative of J. Welles Wilder's Directional Movement Index as first published in his book New Concepts in Technical Trading Systems. It is a popular technical indicator used to measure the strength of the trend in any timeframe. The Pattern Trapper advocates the use of certain levels to determine trending/non-trending market environments, and specific trading strategies to be used for each (one of which incorporates the 5/15/30 20EMA indicator noted above). The Pattern Trapper Modified ADX indicator helps to quickly and accurately identify these trending or non-trending time periods by coloring the indicator background (defaulted to magenta for trend/yellow for non-trend). Both background coloring and trend/non-trend levels can be changed via user inputs built into the indicator. Available for the TradeStation® platform.
Prior Day High & Low: $125
If market activity were thought of as an auction process, where bidders and sellers constantly vie for the most advantageous price, daily highs and lows represent the outer extremes of perceived value for any particular trading day. For that reason, price action has a tendency to remain within the boundaries of apparent value as defined during the prior day. These levels are so important that they are often regarded as very near the top of the support/resistance hierarchy, being second only to the Overnight High & Low (see below for separate indicator description). The Prior Day High & Low indicator helps to quickly and accurately identify these critical levels. Input parameters allow the user to place appropriate labeling notations either to the left of the plotted line, to the right, both left and right, or to have labeling turned off completely. It also offers independent line color selection for high and low levels. As an added bonus, the indicator even includes the option for plotting the current day open and the prior day close. Available for the TradeStation® platform.
NOTE: It is NOT required that you participate in either the On-Line Course or the Mentoring Program to purchase any of the indicators listed above. Each is accompanied with full documentation describing its use in detail.
Purchase at least 3 indicators & receive a 10% discount on the total.
Purchase at least 6 indicators & receive a 20% discount on the total.
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