Advanced Indicator Set 3 is an eclectic set of indicators that expand NeuroShell Trader's ability to find a value between two separate conditions or since the occurrence of a single condition. The Find and Count indicators are designed to answer traders’ questions about data such as what is the max value of the close in the time between a Bollinger Band High Breakout and a Bollinger Band Low Breakout or count the number of times the percent change in close was greater than x percent from February 1 to May 31.

In addition, Set 3 adds the power to remember or toggle values off and on based on conditions. The Remember and Toggle indicators may be used to create complex Predictions and Trading Strategies. These functions complement the NeuroShell Trader's emphasis on building indicators with a wizard rather than requiring the user to be a programmer. The result is a significant speed increase in building and testing trading systems.

Advanced Indicator Set 3 also includes indicators specifically designed for pair trading. The PairEntry and PairExit set lets you build traditional market neutral systems that simultaneously buy and sell a pair of instruments that follow one another and frequently cross prices. When those pairs are hard to find, the ProxyEntry and ProxyExit indicators expand possibilities for pair trading by using the NeuroShell Trader’s neural nets to create cointegrated pairs.

Rounding out this diverse mix are two indicators that compute the correct sun time and distance to the moon.

Overview of Indicators

The following descriptions of the Advanced Indicator Set 3 indicators are abbreviated. There are more comprehensive descriptions in the help file.

Conditional Indicators

The task oriented indicators in Set 3 such as Find, Count, Remember, and Toggle require the use of conditional indicators. The NeuroShell Trader includes many conditional indicators such as rules, Boolean, relational, crossovers, candlesticks, etc. Advanced Indicator Set 3 expands those choices with the following indicators:

FollowedBy - returns a 1 for true when a Condition1 is followed by a Condition2. Other times it returns a zero.

TimeIs - specifies a time as a condition for another indicator.

DateIs - specifies a date as a condition.

Peak - specifies the highest value within a certain number of bars.

Valley - looks for the lowest value within a certain number of bars.

BarNumber - returns a 1 when the specified bar number appears in a chart. The first bar in the chart is numbered 1, the second bar is numbered 2, etc.

Find Indicators

Find - calculates values such as count, point change, percent point change, max, min, sum, average, standard deviation, variance, median, regression slope, number of advancing bars, number of declining bars, max advance, and max decline based on two conditions occurring in a data stream.

FindInclusive – does the same as the Find indicator but includes the bars on which the conditions are true.

FindSince and FindSinceInclusive - find similar values from the time Condition1 occurs until the end of the chart.

Count Indicators

Count - calculates a running total of the number of times a specified condition occurs in between a start condition and an end condition.

CountInclusive – same as the Count indicator but includes the bars on which the conditions are true.

CountSince and CountSinceInclusive - these indicators begin their running total with the occurrence of Condition1, but Condition2 is replaced by the current bar.

Remember

Remember - outputs a time series value based on a condition you specify. For example, the Remember indicator would output the value of the high (the time series) when the 9 period moving average crosses above the 13 period moving average (the condition). The output value would remain the same until the condition is met once again, at which time the current high would become the output.

Remember2, Remember3, and Remember4 - output a different value depending upon which of several conditions is activated. The Remember indicators may be used as variable inputs to other indicators, Predictions or Trading Strategies. The conditions are true/false indicators or any indicator that produces a value of either 0 or a non-zero value.

Toggle

Toggle - signifies the presence or absence of conditions you specify. The Toggle indicators may also be used to remove certain data when training a neural net, e.g., only train a net on bars between 1 p.m. and 4 p.m. The Toggle indicators output 0, 1, or a missing value based on the settings for the What parameter.

ToggleInclusive – same as Toggle but includes but includes the bars on which the conditions are true.

ToggleSince and ToggleSinceInclusive - these indicators begin their running total with the occurrence of Condition1, but Condition2 is replaced by the current bar.

Pair Trading

PairEntry - compares the value of the close, which is different for each of the two chart pages, to the value of Price1 (the first stock) and Price2 (the second stock) and determines which stock goes long and which stock goes short. The values of Price1 and Price2 are also used to compute the spread between stocks in order to determine an entry point for the trade.

PairExit - determines the exit conditions for trades entered with the PairEntry indicator. The PairExit indicator includes the StopSpread parameter that can be set as an emergency exit for both stocks.

ProxyEntry – similar to PairEntry but uses a neural net prediction to create proxy pairs by using one stock to predict the price of another. Uses the spread between the actual and predicted prices to pair trade the predicted stock and the one used as an input to the net.

ProxyExit - determines the exit conditions for trades entered with the ProxyEntry indicator. The ProxyExit indicator includes the StopSpread parameter that can be set as an emergency exit for both stocks.

Sun and Moon

EquationofTime - returns the difference between solar time (as measured by a sundial) and mean clock time.

MoonDistance - outputs the distance between the center of the Earth and the center of the Moon expressed in kilometers.

For more details, please view the product manual for this add-on