Your WinWayCharts 2024 upgrade is now here

Wishing you a Happy and a Prosperous New Year!

As we reflect on the incredible journey of the past 17 years, we’re excited to share a milestone with you. It all began when Darren commissioned the creation of the WinWayCharts TradingExpert Pro trading analysis suite, and since then, we’ve been dedicated to enhancing your trading journey.

We’re thrilled to announce the official release of the new WinWayCharts TradingExpert Pro End-of-day version 2.55! After an extensive testing period with our dedicated testers, we’re confident this upgrade will elevate your trading experience.

Some of you who recently joined us may already have the new version, so no need to download the upgrade again. For others, this is an opportunity to embrace the latest enhancements.

Key Features of TradingExpert Pro 2.55:

  • Introducing the new Heiken Ashi charting feature
  • For detailed insights and a step-by-step demonstration, check out the upgrade page on our website

And the best part? This upgrade is entirely FREE of charge!

To download and install your FREE upgrade or explore the exciting features of this new version, visit https://winwaycharts.com/wordpress/255upgrade/.

We’re committed to providing you with tools that not only enhance your client experience but also equip you for success in trading. Here’s to a year of prosperity and successful trading ahead!

Not currently subscribed, but Interested in trying out this new version?

Try us for one month visit

https://winwaycharts.com/wordpress/free-trial/winway-tradingexpert/

Warm regards,

 

Steve and Ray

The Support Team

WinWayCharts

John Ehlers’ Every Little Bit Helps

Averaging The Open And Close To Reduce Noise

The importable  EDS file based on John Ehlers’ article in the March 2023 issue of Stocks & Commodities, “Every Little Bit Helps,” can be obtained on request via rdencpa@gmail.com. John notes ‘It’s simple but makes a noticeable improvement: You can reduce noise in the data by using an average of the open and close instead of using only the closing price.’ The code is also available below.

!Every Little Bit Helps
!Author: John F. Ehlers, TASC Mar 2023
!Coded by: Richard Denning, 1/12/2023

!Data Sampling Test
!(c) John Ehlers 2022

!INPUTS:
W1 is 14. !Wilder RSI length
W2 is 14. !Ehlers RSI length

!RSI Wilder code:
U is [close]-val([close],1).
D is val([close],1)-[close].
L1 is 2 * W1 – 1.
AvgU is ExpAvg(iff(U>0,U,0),L1).
AvgD is ExpAvg(iff(D>=0,D,0),L1).
RSIwilder is 100-(100/(1+(AvgU/AvgD))).

!Ehlers RSI code:
OCavg is ([open] + [close])/2.
Uoc is OCavg-valresult(OCavg,1).
Doc is valresult(OCavg,1)-OCavg.
L2 is 2 * W2 – 1.
AvgU2 is ExpAvg(iff(Uoc>0,Uoc,0),L2).
AvgD2 is ExpAvg(iff(Doc>=0,Doc,0),L2).
RSIoc is 100-(100/(1+(AvgU2/AvgD2))).

!CTest is RSIwilder.
!OCTest is RSIoc.

BuyRSIwilder if RSIwilder < 20 and valrule(RSIwilder >= 20,1).
ExitRSIwilder if RSIwilder > 80 or {Position days}>=20.

BuyRSIoc if RSIoc < 20 and valrule(RSIoc >= 20,1).
ExitRSIoc if RSIoc > 80 or {Position days}>=20.

Code for the author’s indicators are set up in the EDS code file. Figure 7 shows the EDS module backtest results using the RSI original indicator. Figure 8 shows the EDS module backtest results using the modified version of the RSI indicator over a 10-year period using NASDAQ 100 stocks. The comparison suggests that some of the metrics improve using the modified version and a few are worse.

The system rules are:

  • Buy when the RSI crosses down below 20
  • Sell when the RSI crosses above 80 or after 20 trading days
FIGURE 7: AIQ. This shows example backtest results for classic RSI trading system rules, based on closing data, over a 10-year period using NASDAQ 100 stocks.
FIGURE 8: AIQ. This shows example backtest results for the RSI trading system rules, this time based on data that averages the open and close instead of using just the closing price data, over a 10-year period using NASDAQ 100 stocks.

An Adaptive Moving Average For Swing Trading

The importable  EDS file based on Scott Cong’s article in the May 2023 issue of Stocks & Commodities magazine, “An Adaptive Moving Average For Swing Trading,” can be obtained on request via rdencpa@gmail.com.

In this article, Scott proposes a new adaptive moving average (AMA). It adjusts its parameters automatically according to the volatility of market, tracking price closely in trending movement, and staying flat in congestion areas. The new AMA is well-suited for swing trading.

The code is also available below.

Code for the author’s indicator as shown below is set up in the downloadable EDS code file.

!ADAPTIVE MOVING AVERAGE FOR SWING TRADING
!Author: Scott Cong, TASC May 2023
!Coded by: Richard Denning, 03/14/2023

!INPUTS:
Len is 20.

!CODING ABREVIATIONS:
H is [high].
L is [low].
C is [close].
C1 is val([close],1).

TR is Max(H-L,max(abs(C1-L),abs(C1-H))).
Effort is sum(TR,Len).
Result is highresult(H,Len) – lowresult(L,Len).
alpha is Result / Effort.
beta is 1 – alpha.

DaysInto is ReportDate() – RuleDate().
Stop if DaysInto > Len*2.
stopAMA is iff(stop,C, AMA).
AMA is alpha * [close] + beta * valresult( stopAMA, 1).
ESA is expavg(C,Len).

The figure below shows a chart of Broadcom (AVGO) along with the AMA[20] indicator (the red jagged line) and an exponential moving average indicator [20] (the green smooth line).

Getting Started Right with WinWayCharts and ETFs to trade Everything

If you missed this April 27, 2023 Zoom event, don’t worry, the recording is now available from the link at the end of this post. (FYI it expires on May 10th).

In this 2-hour session, Ray Foreman, UK Director of WinWayCharts covered

Getting Started Right with WinWayCharts – Making the Most of Your WinWayCharts – An hour-long session with UK Director Ray Foreman covering the power features in your WinWayCharts platform – great for new clients and those getting started.

In the second half Steve Hill, founder of WinWayChartss built a list of ETFs to trade just about everything and ran it through analytical tools.

Steve also created data files and list files for the ETFS. These are zipped and available below

ETF data files are here – unzip to your /wintes32/tdata folder. Then go to Data Manager, Utilities, Rebuild Master Ticker List.

ETF List files are here – unzip these files to your /wintes32 folder.

Here’s the recording link

https://us02web.zoom.us/rec/share/vAJEkEksyl1h2lk6UHICHDnMjOPI0z01CCnQcJFFtqwv7bNwAAWe-ajzde4UPl5H.roJlWdDr7Tx4Iunh

Double Bottoms and Tops – a scan you can run in your WinWayCharts EDS

Thank you for your continued support of WinWayCharts services. Recently we have been working on an EDS scan to find double tops and bottoms.  We’d like to share with you the progress and how to add this to your WinWayCharts. This is the code used in the scan (you don’t need to know the code but it’s there for your information).

There’s always room for improvement, but you can get a hold of this scan. This file is available for download from here

This may save to a download folder on your system. We suggest you move it to the path  C:/wintes32/EDS strategies/Chart Pattern Strategies folder.

To run this strategy automatically after your nightly download of data

– Open Data Retrieval, and select the EDS Post Processing tab.
– Select add, and in the Open, Look in C:/wintes32/EDS strategies/Chart Pattern Strategies folder for db3.EDS
– Select Open and the strategy will run every night for you.

Here’s the results on the Sp1500 run on 1/3/2023

 

While not perfect, we hope this scan will be of use to you in your trading process.

 

en_USEnglish
en_USEnglish