Trendines Help

TS Trendiness Help v.1.0 Last updated: 2005/11/30


In This Help:

Introduction
System Requirements
Download Instructions
Installation
Activation
Getting Started
    TradeStation
    eSignal
Function Description
    EasyLanguage and eSignal Formula Script
    Description of Dll module “tstrend.dll” functions
Examples
    TradeStation
    eSignal
Contact Information


Introduction

TS Trendiness is a separate Dll module for calculating the fractal dimensions of price series. TS Trendiness requires look-back period ~ 20-40 bars comparing to 10^3 bars for the Hirst index, so it can really detect local trends in prices. The TS Trendiness oscillates around 0.5 (random walk), its extreme values mean the possible beginning and the finishing of trend or range.

• If returned value is >0.5 – then it’s trend mode;
• Iff returned value is < 0.5 – then it’s flat mode;
• If returned value is = 0.5 – then it’s brownian motion.

TS Trendiness is designed to work with the technical analysis software:

• Omega Research ProSuite 2000i;
• TradeStation 6.x/7.x/8.x;
• MultiCharts;
• eSignal/eSignal Pro

TS Trendiness can work with any other third party software using function TS API Dll.

System Requirements

Download Instructions

In the File Download box, select Save the program to disk.
Save the file named "TSTrendinessSetup.exe" to your hard drive.

Note: If you are running Internet Explorer 5.0 or later, a dialog box will appear when the download is completed, and you will be prompted to begin installation.

Installation

When the download is completed, locate TSTrendinessSetup.exe on your hard drive and double-click the file to begin installation.

• Launch Installation wizard and click “Next”
• Read license agreement, select “Accept…” and click “Next”
• Read readme information, minimum system requirements and click “Next”
• Enter your information and click “Next”
• Select Install Folder and click “Next”. Note: We recommend not Change Install Folder
• Please review Installation Setting and click “Install”
• If installation is successfully completed click “Finish”

Activation

To begin using the purchased products after installation you need to make activation of these products.

• Open web page http://reg.tsresearch.com
• Enter your email and password that you got after purchased the product.

Then follow the instruction from the Products Control Center and download the purchased product and go through online activation process on your PC.

Find the detailed description of activation at our site of the Products Control center under the section: Products -> Help:
http://reg.tsresearch.com/client/products/help/

Getting Started

To work with the Dll module you need to import functions that you can use for building indicators and systems. Examples of indicators and systems are freely available as component of Dll module.

For TradeStation and MultiCharts users

Import TS Trendiness Function, and Indicators into EasyLanguage Power Editor or TradeStation

Before getting started with TS Trendiness it is necessary to import functions into EasyLanguage PowerEditor. For manual export of functions after installation enter TS Trendiness directory located in Program Files: ...Program Files\TradeSmart\TS Trendiness

• Launch EasyLanguage PowerEditor, select Import and Export from the File menu
• Further select Import EasyLanguage Documents or Archive File (ELD or ELA)
• Click Browse in the popup window and indicate TS.TRENDINESS.ELD file destination (Program Files ->TradeSmart -> TS Trendiness). Select TS.TRENDINESS.ELD file.
• And click Next, select all types.
• Click Next, select All and Finish consequently.
• Run TradeStation or Omega Research ProSuite
• Create Tradestation Chart and insert example indicator "TS.TRENDINESS"
• After recalculating indicator, you can view indicator data in TradeStation Chart.

For eSignal users

After installation Run Start menu -> Program -> TradeSmart -> TS Trendiness ->eSignal
Description of functions and parameters of indicators for TS Trendiness are located in this folder.

Before running TS Trendiness for eSignal it's necessary to copy '*.efs' files with indicators from
...Program Files\TradeSmart\TS Trendiness\EFS.ADD\
to the place where eSignal is located, so the path to examples of indicators would look like:
...eSignal\Formulas\TradeSmart\Trendiness

Then open chart in eSignal with instrument you want and choose formulas in menu:
Chart Options -> Formulas -> TradeSmart -> Trendiness
Example of indicator or system.

Choose indicator you want and attach it to chart, after calculation you will see result on chart.

In our description you can find only examples of calling functions Dll and example of builgind indicators and systems based on Trendiness. Using this library doesn't restrict only with these examples. Using Trendiness transform functions you can build any indicators and systems.


Function Description

Dll module is a separate library that contains the functions.

To work with these functions it’s necessary to call the Dll in the system or indicator code.

To simplify the work it’s possible to create additional functions in EasyLanguage or sSignal Formula Script that will call functions of the Dll module. Furthermore in the codes of your systems and indicators you can only use EasyLanguage and eSignal Formula Script functions.

For general users we recommend to use the functions in EasyLanguage and eSignal Formula Script but experienced users can call functions of Dll directly and change parameters of these functions.

We have created several functions that can be used with module Dll “tstrend.dll”.

Caution !

Description of functions for EasyLanguage and eSignal Formula Script:

TS.TRENDINESS.SERIES(Price,Max)

Calculates local fractals for price series.
Returns value of trend from 0 to 1.

• If returned value is >0.5 – then it’s trend;
• If returned value is < 0.5 – then it’s flat;
• If returned value is = 0.5 – then it’s brown motion.

Parameters:
Price(Numericseries, Float) – price series, for example Close
Max(Numeric, Integer) – number or points that are used to calculate trend indice.

• Range of values from 10 to infinity
• Recommended value: 40

TS.TRENDINESS.BARS(Max)

Calculates local fractals for price series.
Returns value of trend from 0 to 1.

• If returned value is >0.5 – then it’s trend;
• If returned value is < 0.5 – then it’s flat;
• If returned value is = 0.5 – then it’s brown motion.

Parameters:
Max(Numeric, Integer) – number or points that are used to calculate trend indices.

• Range of values from 10 to infinity
• Recommended value: 40

Description of Dll module “tstrend.dll” functions


TSTRENDINESS(Price,Barnumber,Max,Min,Step)

Calculates local fractals for price series.
Returns value of trend from 0 to 1.

• If returned value is >0.5 – then it’s trend;
• If returned value is < 0.5 – then it’s flat;
• If returned value is = 0.5 – then it’s brown motion.

Parameters:
Price(Float) – data series, for example Close

Barnumber(Integer) – number of current bar. Value of this variable should increase only with new bar and not increase until bar is not closed. This value is used to correct work in Update Every Tick mode.

Max(Numeric, Integer) – number or points that are used to calculate trend indices.
- Range of values from 10 to infinity
- Recommended value - 40

Min(Integer) - minimal cover;
- Range of values from 2 to higher
- Recommended value - 2

Step(Integer) - cover increment step;
- Range of values from 1 to higher
- Recommended value - 1

TSTRENDINESS2D(High,Low,Barnumber,Max,Min,Step)

Calculates local fractal for price series.
Returns trend indicator from 0 to 1.

• If returned value is >0.5 – then it’s trend;
• If returned value is < 0.5 – then it’s flat;
• If returned value is = 0.5 – then it’s brown motion.

Parameters:
High(Float) – Value of High;

Low(Float) – Value Low;

Barnumber(Integer) – number of current bar. Value of this variable should increase only with new bar and not increase until bar is not closed. This value is used to correct work in Update Every Tick mode.

Max(Numeric, Integer) – number or points that are used to calculate trend indice.
- Range of values from 10 to infinity
- Recommended value - 40

Min(Integer) - minimal cover;
- Range of values from 2 to higher
- Recommended value - 2

Step(Integer) - cover increment step;
- Range of values from 1 to higher
- Recommended value - 1

Examples

Examples of indicators are given below that you can use when building your own indicators using TS Trendiness functions.