TradeStation User Guide · Trade signal confirmations from multiple indicators are recommended to increase the probability of a successful trade. TriggerCharts Aileron Indicator can

TriggerCharts Aileron360 Indicator TradeStation Users Guide (May 2016 v.2.0)

TradeStation User Guide

www.TriggerCharts.com

Additional education available at www.triggercharts.com

Technical Support and Training

[email protected]

954.762.7533

mailto:[email protected]

TriggerCharts – Aileron360 Indicator 954.762.7533

TriggerCharts Aileron360 Indicator TradeStation Users Guide (May 2016 v.2.0) - 2 -

TriggerCharts Aileron360

Table of Contents

Introduction to TriggerCharts Aileron360 ............................... 3

TriggerCharts Aileron360 Chart .............................................. 3

Visualizing the Trend........................................................................................... 4

Trigger and Setup Lines ....................................................................................... 5

TriggerCharts Aileron – Display ........................................................................... 6

TriggerCharts Aileron - Configurable Inputs ........................................................ 6

TriggerCharts Aileron360 RS & Scanner .................................. 7

Aileron360 - RadarScreen ................................................................................... 7

Aileron360 - Scanner .......................................................................................... 9

Video Instruction ..................................................................................................................... 9

Detailed Instructions ............................................................................................................... 9

Trigger Cross Scan .................................................................................................................. 12

Reversal Scan ......................................................................................................................... 13

Extreme Scan ......................................................................................................................... 13



Introduction to TriggerCharts Aileron360

The TriggerCharts Aileron360 Indicator provides RadarScreen and Scanner capabilities to the highly popular TriggerCharts Aileron Indicator, all rolled into one complete package. These additions allow you all the features of the previous Aileron indicator along with the ability to monitor several positions at once within TradeStation’s RadarScreen or create a filter to seek out positions that may be reversing trend within TradeStation’s Scanner. Before we get to these accompaniments, let’s first go over how the Aileron works and then we will dive into how Aileron360 can up your game! Additionally, when you download the indicator from the TradingApp Store, there is a workspace included to outline some of this functionality. It should look similar to the picture below:

TriggerCharts Aileron360 Chart

AILERON - The movable areas of a wingform that control or affect the roll of an aircraft by working opposite one another—up-aileron on the right wing and down-aileron on the left wing.

The TriggerCharts Aileron Indicator provides a methodology for finding contra-trend levels that

are potential inflection points for entry. The indicators algorithm combines several trending and

oscillating signals (proprietary and traditional) to provide each security a “composite score”.

This indicator can be used in conjunction with other indicators to help further refine turning

points and trend strength.



Visualizing the Trend

When a security’s score reaches a level that is higher (lower) than the average historical range

the Aileron Indicator histogram color will change over time so that the user can visualize the

trend or trend exhaustion.

Aileron Above the Zero Line:

o Yellow Bar – Bullish trend.

o Green Bar – Continuation of bullish trend.

o Magenta Bar – Bullish trend exhaustion beginning to occur. Potential inflection

point.

Aileron Below the Zero Line:

o Dark Red Bar – Bearish trend.

o Orange Bar – Continuation of Bearish trend.

o Magenta Bar – Bearish trend exhaustion beginning to occur. Potential inflection

point.

If the composite score moves beyond the average historical range it will turn magenta to signal

the extreme level of potential trend exhaustion. Once the score is high (low) enough to signal

the potential for an inflection point, it will be indicated with a red (yellow) “+” marker within

the indicator window. At these extreme levels, considerations should be given to opening or

closing long or short positions.

This indicator provides contra-trend positioning. As an example, when the indicator turns

magenta and/or a cross appears, this shows the exact bar that the most extreme level is

reached.



Trigger and Setup Lines

The Setup (Solid Red Line) and Trigger (Dashed Blue Line) lines can also assist in determining

the overall trend as well as a potential change in trend.

Setup Line (Solid Red Line): Will give you the direction of the overall trend.

Trigger Line (Dashed Blue Line): Can be used in conjunction with the Setup Line to

determine a turning point in the overall trend. When the Trigger Line crosses up

through the setup line, this signals a potential change to a bullish trend. When the

Trigger Line crosses down through the Setup Line, this signals a potential change to a

bearish trend.

Signals can be combined with TriggerCharts Commander Series Indicators to assist with better

trading decisions and timing for multiple confirmations. Trade signal confirmations from

multiple indicators are recommended to increase the probability of a successful trade.

TriggerCharts Aileron Indicator can be used on any timeframe and any symbol for a quick

reading of the score, strength of trend and potential turning points.



TriggerCharts Aileron – Display

Setup Line:

Solid Red Line The setup line will show the general trend depending on the settings

Trigger Line: Dashed Blue Line

Depending on the direction and level of the Aileron indicator, the trigger

line will provide an oscillator against the setup line that can be used to

determine short-term changes in trend direction. Crossing above or

below the Setup Line can signal an entry.

Histogram

Represents the current and historical level of the Aileron Indicator. The

color of each bar dynamically reflects the relative value as compared to

historical levels for a security.

Extreme Levels

- Buyer Exhaustion

- Seller Exhaustion

Above and below the Aileron Indicator Extreme (potential trend

exhaustion) markers will appear when certain conditions are met. These

are to be viewed as contra-trend inflection points for entry and exit

opportunities.

TriggerCharts Aileron - Configurable Inputs

SetupMA

Sets the number of price bars to calculate the setup line’s moving

average. The setup line should be longer than the trigger line.

Default = 5

TriggerMA

Sets the number of price bars to calculate the trigger line’s moving

average. The lower this number the faster the indicator will respond to

the most recent Aileron results. Default = 3

TriggerSMAorXMA Sets the speed of the trigger line with either a simple moving average

(SMA) or exponential moving average (XMA). Default = “XMA”

Approximately 200 bars of data is needed to load all functions for the Aileron Indicator.



TriggerCharts Aileron360 RS & Scanner As previously discussed, the TriggerCharts Aileron360 Indicator provides additional RadarScreen and Scanner capabilities to enhance the highly popular TriggerCharts Aileron Indicator for charts.

Aileron360 - RadarScreen The Aileron360 RadarScreen allows the user to monitor a multitude of positions all at once. This will deliver key pieces of information from the Aileron360 indicator across a range of time frames to signal the various triggers, extremes and reversals that may be occurring within each position. Signals to be considered include the following:

Trigger X Up: This signal appears when the Trigger Line (Dashed Blue Line) crosses up through the Setup Line (Solid Red Line). This signal generally indicates a shorter-term buying opportunity as the trend is changing to bullish.

Trigger X Down: This signal appears when the Trigger Line (Dashed Blue Line) crosses down through the Setup Line (Solid Red Line). This signal generally indicates a shorter-term selling/shorting opportunity as the trend is changing to bearish.

Reversal Up: This signals that sellers have potentially been exhausted and that the trend is changing from bearish to bullish.

Reversal Down: This signals that buyers have potentially been exhausted and that the trend is changing from bullish to bearish.

Levels of Extremes: Levels of extremes are indicated on the chart as either a Red Cross (Buyer Exhaustion) or Yellow Cross (Seller Exhaustion). As the number of exhaustion points increase, the greater the chance for a reversal in the underlying trend.

This can then be used to monitor one or more securities over a variety of time frames (5min, 15min, 30min, 60min, Daily, Weekly, etc…)



And/or use it to monitor a variety of securities across any time frame you wish.

To change the interval, you can right-click on the ticker and select Format ‘ticker’…

Then, change the interval to a time frame of your choosing.



Aileron360 - Scanner The Aileron360 Scanner allows the user to search for positions with a particular set of criteria from the Aileron360 Indicator which include:

Trigger X Up

Trigger X Down

Reversal Up

Reversal Down

Levels of Extremes The scanner can search out positions that meet the above criteria across any time frame and any particular set of securities. It is worth noting that the more securities you are using within your dataset, the longer the scan will take to complete. Additionally, scanner results are not intra-bar based, but rather on the last closing bar of the time frame selected. To initiate the Aileron 360 Scanner, check out the video below or complete the following steps:

Video Instruction

Detailed Instructions Within the Aileron360 default workspace, the furthest right window should be the Scanner. Choose Insert in the bottom left corner.

https://youtu.be/essQZZ0Hi9o



Insert a scan name and any notes that you wish. We will label this example as Aileron360 Scan. Then choose Next.

Choose a set of securities to include and/or exclude from your scan then choose Next. For our scan, we will choose the components of the S&P 500 as the list of securities to include, but any list of securities can be chosen including but not limited to All Stocks, Custom Symbol Lists, A Particular Index, Futures, or a Particular Exchange.



In the Field section, scroll to the bottom and choose TradingApp Store.

Then choose TriggerCharts – Aileron360 from the My Subscriptions section.

You may then see two indicators that were populated. TC_TS_SN_Aileron_360_Scanner and TC_TS_SN_Aileron_360_RS. In order to have the scanner work properly, you will need to remove the TC_TS_SN_Aileron_360_RS by clicking on the “X” in the furthest right column.

Click to

Delete



You will then need to decide what you will be scanning for. There are 3 major types of scans which include TriggerCross, Extremes and Reversals. Each will require an Operator and Field/Values.

Trigger Cross Scan

Within the sub-directory drop-down for the Field, choose TriggerCross, then: 1. For the Operator choose the equal sign “=”. 2. To search for a Trigger Cross Up, type the following in the Field/Value: “Trigger X Up”

(Quotations MUST be included).

3. To search for a Trigger Cross Down, type the following in the Field/Value: “Trigger X Down” (Quotations MUST be included).



Reversal Scan

Within the sub-directory drop-down for the Field, choose Reversals, then: 1. For the Operator choose the equal sign “=”. 2. To search for a Reversal Up, type the following in the Field/Value: “Reversal Up”

(Quotations MUST be included).

3. To search for a Reversal Down, type the following in the Field/Value: “Reversal Down” (Quotations MUST be included).

Extreme Scan

Within the sub-directory drop-down for the Field, choose Extremes, then: 1. For the Operator choose an operator =, >= or >. 2. Within the Field/Value type a value between 1-5. Remember that the greater the

number of extremes, the more likelihood of a change in trend that may be approaching.



Additionally, you can then choose what time frame you are scanning for by expanding the “+” button just to the left of the Field to expand the inputs. The time frame can be adjusted by utilizing the drop down box for Interval. This will allow you to scan any particular time frame of your choosing (1Min., 5Min., 30Min., Daily, Weekly, etc…).

Once completed, click Run. The scan may take some time depending on the number of symbols that you choose. It is recommended that you create a new scan for each of the above conditions:

“Trigger X Up”

“Trigger X Down”

“Reversal Up”

“Reversal Down”

Extremes

By doing so, you will be able to re-run the scans and have a history of changes over time.

Click to

Expand Interval Drop-Down to

Change Time-Frame.



DISCLAIMER/RISK FACTORS

Indicator defaults are for illustrative purposes only and users should test different inputs depending on their own risk factors and trading styles. General Investment Risk: All investments come with the risk of losing money. Investing involves substantial risks, including possible loss of the capital and other losses that may be unacceptable to many people. Investments, unlike savings and checking accounts at a bank, are not insured by the Government against market losses. Different instruments of financial markets have different degrees and kinds of risk, so you should consider the risks associated with the particular market instrument you intend to invest in. Trading Strategies and Signals: The effectiveness of trading strategies in the past does not guarantee the trading strategies will be equally effective in the future. There are various reasons why your trade figures are unlikely to be the same as trading performance results presented by TriggerCharts, LLC, and they are (but are not limited to) the following: different levels of market liquidity, different sizes of market spreads, the suspension of credit and trade lines, taxation by regulatory or governmental authorities that are imposed on market participants, both sellers and buyers, including your counterparty, subjective errors, dealing errors, different levels of connection speed, the delay in the formation, transmitting, routing, and accepting orders; lack of tracking of every single trading signal since the moment of its creation; the effects of other positions that you maintain which were not placed in accordance with signals or strategies of TriggerCharts, LLC; changes in margin requirements; changes in (varying) stop-loss, acceptance of limit, and margining-out provisions; public or market holidays; one-time or infrequent exogenous market events; temporary inability of the trading signal provider to generate or transmit trading signals or strategies; lack of trading experience, etc. Risk-Reducing Orders or Strategies: Placing “stop-loss” orders, which are designed to limit losses to certain amounts, may be ineffective, as market conditions may make it impossible to execute such orders. Strategies using combinations of positions, such as “hedging” or “lock” can be just as risky as taking long and short positions.

SPECIAL RISK DISCLOSURE FOR COMMODITIES The risk of trading commodity futures, options CFD’s, spread betting and foreign exchange (“Forex”) is substantial. The high degree of leverage associated with commodity futures, options CFD’s, spread betting and Forex can work against you as well as for you. This high degree of leverage can result in substantial losses; you should carefully consider whether commodity futures, options CFD’s, spread betting and Forex is suitable for you in light of your financial condition. If you are unsure you should seek professional advice.



Trading on margin involves high risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you before deciding to trade you should carefully consider your investment objectives, level of experience, and risk appetite. There is always a relationship between high reward and high risk. Any type of market or trade speculation that can yield an unusually high return on investment is subjected to unusually high risk. Only surplus funds should be placed at risk and anyone who does not have such funds should not participate in trading foreign currencies or commodities or futures or options or CFD’s or spread betting. Trading is not suitable for everyone. Trading commodity futures, options, CFD’s spread betting and foreign exchange (“Forex”) involves high risks and can cause you a complete loss of your funds. Performance Measures Examples of historic price moves or extreme market conditions are not meant to imply that such moves or conditions are common occurrences or are likely to occur. Stop loss orders do not necessarily limit your loss to the stop price because stop orders, if the price is hit, become market orders and, depending on market conditions, the actual fill price can be different from the stop price. If a market reached its daily price fluctuation limit, a “limit move”, it may be impossible to execute a stop loss order. ANY RESULTS SHOWN ARE BASED ON SIMULATED OR HYPOTHETICAL PERFORMANCE RESULTS THAT HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE THE RESULTS SHOWN IN AN ACTUAL PERFORMANCE RECORD, THESE RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, BECAUSE THESE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THESE RESULTS MY HAVE UNDER-OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED OR HYPOTHETICAL PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN

Technical Support and Training

[email protected]

954.762.7533

www.TriggerCharts.com

mailto:[email protected]

Documents

TradeStation User Guide · Trade signal confirmations from multiple indicators are recommended to increase the probability of a successful trade. TriggerCharts Aileron Indicator can