Vadim Gimelfarb’s True Range Specified Volume (TRsV) Indicator can be easily implemented in the NeuroShell Trader by combining a few of the NeuroShell Trader’s over 800 indicators. To implement TRsV, select ‘New Indicator …’ from the ‘Insert’ menu and use the Indicator Wizard to create the following indicator:
| Divide ( Volume, TrueRange(High,Low, Close) )
*Note that the True Range indicator is included in the NeuroShell Trader Advanced Indicator Set Add-on and is also available for free download on the Ward Systems Group free technical support website. |
To create the True Range Specified Volume trading system, select ‘New Trading Strategy …’ from the ‘Insert’ menu and enter the following entry and exit conditions in the appropriate locations of the Trading Strategy Wizard:
| Generate a buy long MARKET order if ALL of the following are true: A>B ( TRsV,Lag (TRsV, 1 ) ) A>B (Avg(BullPower(Open,High,Low,Close), 2), Avg ( BearPower(Open,High,Low,Close),2) ) Generate a sell long STOP order if ALL of the following are true: Stop Price = Low Generate a sell short MARKET order if ALL of the following are true: Generate a cover short STOP order if ALL of the following are true: Stop Price = High *Note that the creation of the BullPower and BearPower indicators are described in the NeuroShell Trader October 2003 Trader’s Tip. |
If you have the NeuroShell Trader Professional, you can also choose whether or not the system parameters should be optimized. After back-testing the trading strategy, use the ‘Detailed Analysis …’ button to view the back-test and trade by trade statistics for the True Range Specified Volume trading system.
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