art software users guide

Applied Reality Trading®

Home-Study Course

Featuring The “Pyramid Trading Point”® Indicator

www.traderscoach.com

CHARTING SOFTWARE

®

USER’S MANUAL

®

Trade With The Pros!

For eSignal And TradeStation VersionsOf The ART® “Charting Software”


Published in the United States of America by:

10755-F Scripps Poway Parkway, #477San Diego, CA 92131 USA

E-mail: [email protected]: (858) 695-0592 Fax: (858) 695-1397

TradersCoach.com is a trademark of TradersCoach.com Incorporated. Allrights reserved. No part of this publication may be reproduced, stored ina retrieval system, or transmitted in any form or by any means,electronic, mechanical, photo copying, recording or otherwise without theprior written permission of TradersCoach.com Incorporated. Thepublisher has made every effort to ensure that the content of this bookletis entirely accurate at the time of publication but assume no liability forany inadvertent errors contained within this text.

Hypothetical or simulated performance results have certain inherentlimitations. Unlike an actual performance record, simulated results donot represent actual trading. Also, since trades have not actually beenexecuted, results may have under-or-over compensated for the impact, ifany, of certain market factors, such as lack of liquidity. Simulatedtrading programs and ideas in general are also subject to the fact thatthey are designed with the benefit of hindsight. No representation isbeing made that any account will or is likely to achieve profits or lossessimilar to those discussed.

The information in this booklet: “Applied Reality Trading® – ChartingSoftware User’s Manual” is intended for educational purposes only.Traders are strongly advised to do their own research and testing (PaperTrading) to determine the validity of any trading idea or system.Trading and investing carry a high level of risk. Past performance doesnot guarantee future results. TradersCoach.com, Bennett A. McDowell,or affiliates assume no responsibility for your success or failure intrading the markets.

Copyright © 2004 by TradersCoach.com, Inc.


USER’S MANUAL FOR

eSignalAND

TradeStationVERSIONS OF THE

ART® “CHARTING SOFTWARE”

®


WelcomeDear Fellow Trader,

Thank you for your purchase of this Applied RealityTrading® “Charting Software” package and welcometo the ART® trading system. Enclosed in your“Charting Software” package are the following:

1.) ART® “Charting Software” “User’sManual” (the booklet you are readingnow)

2.) ART® “Charting Software” CD-ROMInstallation Disk

These two items will get you up and running so youwill be able to generate charts according to the ART®

methodology in no time.

NOTE: First, be sure to register your ART®

“Charting Software” on the TradersCoach.comwebsite at:

http://www.traderscoach.com/charting_software_registration.htm

Then, review this “User’s Manual” which is dividedinto two sections. One section is for “eSignalVersion” users starting on page number 1. Andanother section is for “TradeStation Version”users starting on page number 22. (Theseinstructions apply to all applications including both“Real-Time” and “End-Of-Day”.)

If you require any “Technical Support”, weencourage you to E-mail us via: [email protected]. It’s a pleasure to serve yourtrading needs and if you have any questions orcomments don’t hesitate to E-mail or call!

Sincerely,

Bennett A. McDowellPresident & CEO, TradersCoach.com


eSignalVersion Of The

ART® “Charting Software” Instructions

eSignal RegistrationPrior to installation and use of your ART® “ChartingSoftware”, you must go to the TradersCoach.comwebsite and register on-line at:


Have your eSignal account information handy whenyou are ready to register including the eSignal“Product Username” and “Product Password”associated with your eSignal service.

NOTE: Your ART® “Charting Software” will notoperate until you have registered with TradersCoach.com.Also, you must have ACTIVE eSignal market dataservice to use the ART® “Charting Software” eSignalversion.

ART® “Charting Software” InstallationEnclosed, you will find the ART® “ChartingSoftware” for eSignal CD-ROM Installation Disk.This disk will automatically install the necessary files

ART® For eSignal Page 1

Copyright ©2004 TradersCoach.com, Inc. All rights reserved. Any reproduction and/orelectronic transmission of this document is prohibited without the prior written consent of

TradersCoach.com and is a violation of international copyright law. ART-1001-11-04.

onto your computer for use with eSignal. Just insertthe CD-ROM into your computer’s CD-ROM diskdrive and follow the “Install Wizard”.

You will now see the “Installation Process” begin.During this process, you will be asked for yourpassword. (This software is password protected).Enter the password indicated below.

My eSignal Installation Password Is:

A R T 1 5 4 G 6 3 J 2 6 J A

Continue through the installation process by clickingNEXT or OK when prompted by the installationscript. When it is complete, you will be promptedwith a FINISH button.

NOTE: You DO NOT need to RESTART yourcomputer after the installation process is finished.

If for some reason you insert the CD-ROM into yourcomputer and nothing happens, follow theseinstructions to manually install the program:

1.) Place the diskette into your CD-ROM drive.2.) Open the ART® eSignal CD-ROM Disk Files.3.) DOUBLE-CLICK the SETUP icon to start

the installation.

Page 2



ART® For eSignal




Post Installation OperationAfter the program files are installed onto yourcomputer, accessing the eSignal files is simple.Please follow these instructions:

1.) Start eSignal.2.) From an eSignal “Advanced Chart”, RIGHT-

CLICK anywhere on the chart, then CLICKon FORMULAS.

3.) Next, scroll up to the ART® folder. Asubgroup of files will appear.

NOTE: RT = Real-Time Daily = End-Of-Day

4.) CLICK on the .efs file you want to installonto this “Advanced Chart”.

a.) ART® Pyramids RT.efsb.) ART® Pyramids Daily.efsc.) ART® Reversals RT.efsd.) ART® Reversals Daily.efse.) ART® ColorBars RT.efsf.) ART® ColorBars Daily.efs

NOTE: Future versions and updates of eSignalmay provide different ways to load the ART®

studies on charts. Review your eSignal instructionmanual to see how to apply formula studies to“Advanced Charts”.

NOTE: Located in the ART® folder you will alsosee the ART® software instructions. NEVERACCESS THESE INSTRUCTIONS HERE.

Instead, go to the “Start” menu on your computerand do the following:

1.) Select “All Programs”.2.) Next , se lect “ART® Trading System”.

(This will give you access to the eSignal ART® software instructions in PDF format.)

Remember, if you have any questions or need furtherassistance, we encourage you to E-mail us via:[email protected].

NOTE: Built into this software is a link to theART® “Help Pages” located on the TradersCoach.com web-site. Clicking on the small solidsymbols located on the chart near the price barswill link you to these “Help Pages.”

eSignal “REPLAY” Special NoticeUsing any ART® application in “REPLAY” modewhile a market is currently trading (ticking) maycause “Double Patterns” or other “UndesirableResults”. This is caused by the additional “Ticks” thatare constantly streaming through eSignal (even whilein “REPLAY” mode).




NOTE: TradersCoach.com urges users to be awareof this potential “REPLAY” issue and to use the“REPLAY” feature only “After The MarketCloses” for the best results.

User Inputs For ART®Pyramids(Pyramid Trading Point®)

Load the ART®Pyramids for eSignal to display the“Pyramid Trading Point®” on your chart.

The ART®Pyramids indicator has several formulaparameter variable “User Inputs” that provide an extradegree of control over its behavior. This allows youto color “Icons” and “Text” to suit your needs. All“User Inputs” can be left at their default values asshown.

There are two methods to access and edit the formulaparameters of the ART®Pyramids.

1.) The first method is to CLICK on the greycolored box on the lower left hand side of theeSignal chart that says ARTPTP. This willactivate the “Edit ART® Pyramid Settings”window. You will then be able to input yourdesired “User Input” variables.

2. The second method is to RIGHT-CLICK onthe eSignal chart and select EditStudies. The“Study Properties” window will open. Thenselect ART®PyramidsRT or




ART®PyramidsDaily. You will then be able toinput your desired “User Input” variables.

n GraphicOffsetLength – Default value is 5This value adjusts the “Icons” for the reversal signalsup/down so they are not drawn over the price action.

n ShowIcons – Default value is TRUEIf TRUE, this forces the ART®Pyramids system toshow “Icons” for the CONFIRMED “PyramidTrading Point®” patterns.

If FALSE, this forces the ART®Pyramids system tohide the “Icons”.

n ShowPivots – Default value is FALSEIf FALSE, this forces the ART®Pyramids system tohide the “Pivot Graphics”.

If TRUE, this forces the ART®Pyramids system toshow the ART® “Pivots” (Peaks and Valleys) thatmake up the “Pyramid Trading Point®” patterns.

If ShowPivots is set to TRUE, then additionalRED/GREEN squares will be shown on the chart toindicate where POTENTIAL “Pivots” were located.These POTENTIAL “Pivots” show where “Peaks andValleys” were identified by the ART® trading system.

NOTE: These signals DO NOT represent an ART®

“Pyramid Trading Point®” or ART®Reversals.




n MinScore – Default value is 5This variable is used to calculate the score of theconditions that make up the “Peaks and Valleys” usedto identify the “Pyramid Trading Point®” patterns.

This is a numeric input with a range of values from“0” to “8”. This input controls how “Well Formed”the Pyramids must be before they are selected as a“Pyramid Trading Point®”.

Increasing the MinScore value will cause the ART®

“Pyramid Trading Point®” system to identify only thehigher scoring “Peaks and Valleys”. Lowering thisvalue will cause the ART® “Pyramid Trading Point®”system to identify lesser scoring “Peaks and Valleys”.

Setting this to “1” will result in “Major PyramidTrading Points®” being identified that are lessconstrictive in nature, while a setting above “5” willbe more constrictive.

Under perfect conditions, the HIGHS and LOWS ofthese bars would ascend smoothly up and down like this:




“Perfect Pyramid”

Score “8”NOTE: This diagram is for illustrative purposes only.

The following pyramids would get scores of “7”, “6”,and “5” respectively, because the shape of thepyramid gets progressively more ragged as theHIGHS and LOWS fall out of line.

The Min-Score input controls the minimum score andtherefore how “Well-Formed” a “Pyramid TradingPoint®” must be before it is selected by the software.

In practice, a value of “0” is very tolerant and it willallow many small pyramids. A value of about “4”,“5”, or “6” seems to work best. Values of “7” and “8’are very selective, and so there are only a fewqualifying points. This leads to some fairly largepyramids.

n vSound – Default value is ALL (which is On)This value determines the “Sound” features within theART®Pyramids system.

When On (or set to ALL) the ART®Pyramids systemwill generate sounds (tones) for ART®Pyramidssignals on the charts.




NOTE: These diagrams are for illustrative purposes only.Score “7” Score “6” Score “5”

When Off (or set to OFF), the ART®Pyramids systemwill NOT generate any sounds or tones forART®Pyramids patterns.

Users can select P Only or MP Only to produce tonesonly when “P” (Primary) or “MP” (Minor), “PyramidTrading Point®” patterns form on the chart.

NOTE: P= Primary “Pyramid Trading Point®”MP= Minor “Pyramid Trading Point®”

n vVoice – Default value is OFFThis value determines the “Voice” technologyfeatures within the ART®Pyramids system. A settingof MALE will generate Male voices for allART®Pyramids signals. A setting of FEMALE willgenerate Female voices for all ART®Pyramids signals.

When On (a setting of MALE or FEMALE) theART®Pyramids system will generate voice tones for“Pyramid Trading Point®” signals on the charts. WhenOff (or set to OFF), the ART®Pyramids system willrevert to the vSound input for any tone generationfeatures.

n PotentialPTPColor - Default value is YELLOWThis value determines the color of all PRE-CONFIRMED “Pyramid Trading Point®” lines,shapes and images, known as POTENTIAL “PyramidTrading Points®”.




n BullPTPColor - Default value is GREENThis value determines the color of all CONFIRMEDBULLISH “Pyramid Trading Point®” lines, shapesand images.

n BearPTPColor - Default value is REDThis value determines the color of all CONFIRMEDBEARISH “Pyramid Trading Point®” lines, shapesand images.

n TextColor - Default value is BLACKThis value determines the color of all “Text”associated with labeling the “Pyramid Trading Point®”.

n TextBGColor - Default value is WHITEThis value determines the color of all “TextBackgrounds” associated with labeling the “PyramidTrading Point®”.

n PTPColorBars - Default value is TRUEIf TRUE, this forces the ART®Pyramids system tocolor the price bars based on the CONFIRMED“Pyramid Trading Point®” patterns.

If FALSE, this forces the ART®Pyramids system notto color the price bars, but instead defaults to theeSignal price bar color settings. When you load theART®ColorBars program on your chart, it willoverride the PTPColorBars TRUE or FALSEselection.




Also, after setting the PTPColorBars, you will needto Refresh your chart to activate the newPTPColorBars setting.

NOTE: If you use the ART®Pyramids inconjunction with the ART®ColorBars, in order forthe ART®ColorBars to function correctly, it is bestto always load them AFTER you have loaded theART®Pyramids onto your chart.

(If you accidently load the ART®ColorBars beforeloading the ART®Pyramids you will need to changethe PTPColorBars user settings to FALSE and thenRefresh the chart in order for the ART®ColorBarsto work properly.)

n DefBarColor - Default value is BLACKThis value determines the default color of all non-colored price bars.

On-Screen Icon For TheART® BULLISH “Pyramid Trading Point®”

l Small Green Up Triangles -Located at the “Apex” or “Point” of the BULLISH“Pyramid Trading Point®”. Drawn for allCONFIRMED BULLISH “Pyramid Trading Point®”patterns. Only drawn if ShowIcons equals TRUE.




CLICK on these “Icons” with your mouse to activatethe on-line “Help Page”.

On-Screen Icon For TheART® BEARISH “Pyramid Trading Point®”

l Small Red Down Triangles -Located at the “Apex” or “Point” of the BEARISH“Pyramid Trading Point®”. Drawn for allCONFIRMED BEARISH “Pyramid Trading Point®”patterns. Only drawn if ShowIcons equals TRUE.CLICK on these “Icons” with your mouse to activatethe on-line “Help Page”.

ART®Pyramids Program Operation

The ART®Pyramids program file operates in aspecific manner that is important to understand.

“Pyramid Trading Point®” formations are drawn asYELLOW POTENTIAL pyramids when they are in aPRE-CONFIRMED or PRE-VOIDED state. Most ofthe NEW “Pyramid Trading Points®”(on the right sideof the chart) will appear in YELLOW until they areCONFIRMED or VOIDED.

Once these YELLOW pyramids are CONFIRMED,they will change colors (to either RED or GREEN)and a “P” (Primary) or “MP” (Minor) label will beassigned to them. These CONFIRMED “Pyramid




Trading Points®” are signals that have resulted in apotential trading action (Buy or Sell).

If a YELLOW pyramid is VOIDED (does not result ina trading action), then it will disappear from the chart.Only CONFIRMED pyramids will remain on the chart.

NOTE: In fast moving markets, there may not beenough time to label a POTENTIAL pyramidYELLOW. In a case like this, a CONFIRMEDGREEN or RED “Pyramid Trading Point®” will formwithout warning.

Default Color Meanings ForA “Pyramid Trading Point®”

l YELLOW “Pyramid Trading Point®” -Drawn for all PRE-CONFIRMED/PRE-VOIDEDBULLISH/BEARISH “Pyramid Trading Point®”patterns. (Also known as a POTENTIAL “PyramidTrading Point®”.)

l GREEN “Pyramid Trading Point®” -Drawn for all CONFIRMED BULLISH “PyramidTrading Point®” patterns.

l RED “Pyramid Trading Point®” -Drawn for all CONFIRMED BEARISH “PyramidTrading Point®” patterns.




User Inputs For ART®Reversals

Load the ART®Reversals for eSignal to display“ART® One & Two-Bar Reversals” on your chart.

The ART®Reversals indicator has several formulaparameter variable “User Inputs” that provide an extradegree of control over its behavior, and allows you tocolor “Icons” and “Text” to suit your needs. All inputscan be left at their default values shown.

There are two methods to access and edit for formulaparameters of the ART®Reversals.

1.) The first method is to locate and then CLICKon the grey colored box on the lower left handside of the eSignal chart that says ARTREV.This will activate the “Edit ART® ReversalsSettings” window. You will then be able toinput your desired “User Input” variables.

2.) The second method is to RIGHT-CLICK onthe eSignal chart and select EditStudies. The“Study Properties” window will open. Thenselect ART®ReversalsRT or ART®ReversalsDaily. You will then be able to input yourdesired variables.

n GraphicOffsetLength – Default value is 5This value determines the “Automated Offset” of all






graphics functions within the ART®Reversals system.

Larger numbers will increase the “Automated Offset”value of all graphics within the ART®Reversalssystem. Valid entries are any number greater than orequal to “1” (one).

n v2BRevType – Default value is AGGRESSIVEThis input determines a CONSERVATIVE orAGGRESSIVE mode for the ARTTwo-BarReversals. A CONSERVATIVE setting will causefewer ART®Reversals to be labeled, but they shouldhave a higher probability of success.

n vSound – Default value is TRUE (which is on)This value determines the “Sound” technologyfeatures within the ART®Reversals system.

When TRUE (or on) the ART®Reversals system willgenerate sounds (tones) for reversal signals on thecharts. When FALSE (or off), the ART®Reversalssystem will not generate any sounds or tones forreversal patterns.

n vVoice – Default value is OFFThis value determines the “Voice” technologyfeatures within the ART®Reversals system. Asetting of MALE will generate Male voices for allART®Reversals signals. A setting of FEMALE willgenerate Female voices for all ART®Reversalssignals.

ART® For eSignal

When “ON” (a setting of MALE or FEMALE) theART®Reversals system will generate voice tones forART®Reversals signals on the charts. When OFF (orset to OFF), the ART®Reversals system will revert tothe vSound input for any tone generation features.

n RunMode – Default value is QUICKThis value determines the “LookBack” feature of theART®Reversals system. Setting this value to QUICKwill cause the ART®Reversals system to NOT scanthe entire chart for ART®Reversals patterns. Usingthis mode, the ART®Reversals system attempts tooperate in a “quick mode” to prevent excessive CPUusage. The default mode QUICK is ideal for Day-Traders.

Setting the RunMode value to LONG will cause theART®Reversals system to scan the entire chart forART®Reversals patterns. Using this mode, theART®Reversals system may take some additionaltime to complete its calculations and present theinformation on the chart. Longer charts will cause theART®Reversals system to take a longer time to finishits calculations. This mode, LONG, is ideal forreviewing historical price formations.

n BullRevColor - Default color is GREENThis value determines the color of all BULLISHART®Reversals price bars, shapes and images.(“Diamond” and “Square” icons).

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ART® For eSignal

n BearRevColor - Default color is REDThis value determines the color of all BEARISHART®Reversals price bars, shapes and images.(“Diamond” and “Square” icons).

n VoidRevColor - Default color is GREYThis value determines the color of all VOIDEDART®Reversals shapes and images.(“Diamond” and “Square” icons).

On-Screen Icons ForBULLISH ART®Reversals

l GREEN Diamonds -Drawn for all One-Bar CONFIRMED BULLISHART®Reversals patterns.

l GREY Diamonds -Drawn for all One-Bar VOIDED BULLISHART®Reversals patterns.

l GREEN Squares -Drawn for all Two-Bar CONFIRMEDBULLISHART®Reversals patterns.

l GREY Squares -Drawn for all Two-Bar VOIDED BULLISHART®Reversals patterns.

Page 17



ART® For eSignal



ART® For eSignal

On-Screen Icons ForBEARISH ART®Reversals

l RED Diamonds -Drawn for all One-Bar CONFIRMED BEARISHART®Reversals patterns.

l GREY Diamonds -Drawn for all One-Bar VOIDED BEARISHART®Reversals patterns.

l RED Squares -Drawn for all Two-Bar CONFIRMED BEARISHART®Reversals patterns.

l GREY Squares -Drawn for all Two-Bar VOIDED BEARISHART®Reversals patterns.

User Inputs For ART®ColorBars

Load the ART®ColorBars for eSignal to displayBULLISH, BEARISH, and NEUTRAL “Price Bars” asdefined in the “Applied Reality Trading®” Home-StudyCourse.

NOTE: For the ART®ColorBars to functioncorrectly, it is best to always load them AFTER youhave loaded the ART®Pyramids onto your chart.

(If you accidently load the ART®ColorBars beforeloading the ART®Pyramids you will need to changethe PTPColorBars user settings to FALSE and thenRefresh the chart in order for the ART®ColorBars towork properly.)

The ART®ColorBars indicator has several formulaparameter variable “User Inputs” that provide an extradegree of control over its behavior, and allows you tocolor the “Price Bars” to suit your needs. All inputs canbe left at their default values shown.

When loaded onto your chart, the ART®ColorBarsoverride all price bar settings, even the PTPColorBarsselection in the ART®Pyramids program.

There are two methods to access and edit the formulaparameters of the ART®ColorBars.

1.) The first method is to CLICK on the greycolored box on the lower left hand side of theeSignal chart that says ARTCB. This willactivate the “Edit ART® ColorBars Settings”window. You will then be able to input yourdesired “User Input” variables.

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ART® For eSignal

2.) The second method is to RIGHT-CLICK onthe eSignal chart and select EditStudies. The“Study Properties” window will open. Thenselect ART®ColorBarsRT or ART®ColorBarsDaily.You will then be able to input your desiredvariables.

n NeutralBarColor - Default value is BLACKThis value determines the color of all VOIDEDART®Reversals shapes and images.

n BullBarColor - Default value is GREENThis value determines the color of all BULLISHART®Reversals price bars, shapes and images.

n BearBarColor - Default value is REDThis value determines the color of all BEARISHART®Reversals price bars, shapes and images.

Default Color Meaning ForART®ColorBars

l GREEN Price Bars -Are considered BULLISH ART®ColorBars.

l RED Price Bars -Are considered BEARISH ART®ColorBars.

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ART® For eSignal

l BLACK Price Bars -Are considered NEUTRAL ART®ColorBars.(No trend direction.)

eSignal Contact Information

n Address: 3955 Point Eden WayHayword, CA 94545 USA

n Phone: 510-264-1700 (Client Services)

n Fax: 510-266-6060 (Client Services)

n E-Mail: [email protected]

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ART® For eSignal


TradeStationART® “Charting Software” Instructions

TradeStation Registration

Prior to installation and use of your ART® “ChartingSoftware”, you must go to the TradersCoach.comwebsite and register on-line at:


Have your TradeStation account information handywhen you are ready to register. You will need theTradeStation Customer ID number associated withyour TradeStation service to complete the ART®

“Charting Software” registration process.

Once your registration has been completed,TradersCoach.com will E-mail your AccessKeyUnlock code to you at the E-mail address you haveprovided when you registered.

ART® For TradeStation Page 22



Version of The

When you receive your AccessKey, please make anote of this Unlock Code below:

My TradeStation AccessKeyUnlock Code Is:

NOTE: Your ART® “Charting Software” will notoperate until you have registered with TradersCoach.com. Also, you must have ACTIVETradeStation market data service to use the ART®

“Charting Software” TradeStation version.

ART® “Charting Software” Installation

Enclosed, you will find the ART® “ChartingSoftware” for TradeStation CD-ROM InstallationDisk. This disk will automatically install thenecessary files onto your computer for use withTradeStation. Just insert the CD-ROM into yourcomputer’s CD-ROM disk drive and follow the“Install Wizard”.

During the installation, you will need to choose thedestination folder for the ART® “Charting Software”program. Install the ART® “Charting Software”program into your current TradeStation program

Page 23



ART® For TradeStation

folder. Since you should already have TradeStationinstalled on your computer, you will need to locate theTradeStation folder located in the ProgramFilesfolder.

NOTE: If you have upgraded from a prior versionof TradeStation, you must install the ART®

“Charting Software” program into the most recentTradeStation program folder you want to use.

When you have located the folder where yourTradeStation program resides, you must DOUBLE-CLICK on that TradeStation program folder so theinstallation will place the ART® “Charting Software”program in that folder.

AccessKey Installation

See page 23 of this booklet to locate your AccessKey.You received this code from TradersCoach.com via E-mail after you registered.

Install your AccessKey Unlock Code through theTradeStation “Format Indicator” window for BOTHthe ARTPyramids and the ARTBars indicators.

NOTE: If you don’t enter an AccessKey you willget an error message on your chart as follows:“Please Obtain a New Activation Key fromTradersCoach”.




Before you can use the ART® indicators, you needto obtain an AccessKey from TradersCoach.

When you receive yourAccessKey you must enter it bet-ween quote signs and the error message will go away.

Post Installation Operation

After the program files are installed onto yourcomputer, accessing the TradeStation files is simple.Please follow these instructions:

1.) Start TradeStation.2.) Once you have an active chart displayed,

click inside the chart window where youwant to apply the indicators. This makes thechart window the active window.

3.) On the menu, click INSERT, then CLICKINDICATOR.

4.) The ART studies are listed as indicators inTradeStation.

5.) CLICK on the indicator you want:a.) ART Pyramidsb.) ART Bars

Remember, if you have any questions or need furtherassistance, we encourage you to E-mail us via:[email protected].




Page 25

NOTE: Future versions of TradeStation mayproduce different ways to load indicators onCharts so review your TradeStation instructionmanual on applying a technical indicator.

User Inputs For ARTPyramids(Pyramid Trading Point®)

The ARTPyramids indicator has several variable“User Inputs” that provide an extra degree of controlover its behavior. All “User Inputs”, except forAccessKey, can be left at their default values shown.

n AccessKeyIf you don’t enter an AccessKey you will get an errormessage on your chart as follows: “Please Obtain aNew Activation Key from TradersCoach”. Before youcan use the ARTPyramids indicator, you need toobtain an AccessKey from TradersCoach.com.(When you receive your key you must enter itbetween quote signs and the error message will goaway.)

n Ideal - Default value is TRUEThe Ideal input switch controls whether additionalideal conditions must apply before the “PyramidTrading Point®” can be identified.




n MinFormation - Default value is 3If the Ideal is set to TRUE, then this variable is deactivated.Ideal setting must be set to FALSE to use this function.

This is a numeric input with a range of values from“0” to “8”. This input controls how “Well Formed”the pyramids must be before they are selected as a“Pyramid Trading Point®”.

Under perfect conditions, the HIGHS and LOWS ofthese bars would ascend smoothly up and down like this:

The following pyramids would get scores of “7”, “6”,and “5” respectively, because the shape of thepyramid gets progressively more ragged as theHIGHS and LOWS fall out of line.




“Perfect Pyramid”

Score “8”NOTE: This diagram is for illustrative purposes only.

NOTE: These diagrams are for illustrative purposes only.

Score “7” Score “6” Score “5”

The MinFormation input controls the minimum scoreand therefore how “Well Formed” the “Pyramid TradingPoint®” must be before it is selected by the software.

In practice, a value of “0” is very tolerant and it willallow many small pyramids. A value of about “4”,“5”, or “6” seems to work best. Values of “7” and “8”are very selective, and so there are only a fewqualifying points. This leads to some fairly large pyramids.

n Use Tones - Default value is TRUESound setting set to tones for the “Pyramid TradingPoint®” entry and exit signals.

n UseMansVoice - Default value is FALSESe t t o TRUE and se t UseTones andUseWomansVoice to FALSE for Man’s Voicesetting. This sets a Man’s Voice for the “PyramidTrading Point®” entry and exit signals.

n UseWomansVoice - Default value is FALSESet to TRUE and set UseTones and UseMansVoice toFALSE for Woman’s Voice setting. This sets aWoman’s Voice for the “Pyramid Trading Point®”entry and exit signals.

n BearishVoidColor - Default value is DARKGRAYVOIDED BEARISH “Pyramid Trading Point®” willbe colored a dark gray. This value can be changed asthe user desires based on their chart background




color. To hide al l VOIDED pyramids, set theVoidColor to the same color as the chartbackground.

n BullishVoidColor - Default value is DARKGRAYVOIDED BULLISH “Pyramid Trading Point®” willbe colored a dark gray. This value can be changed asthe user desires based on their chart background color.To hide all VOIDED pyramids, set the VoidColor tothe same color as the chart background.

ARTPyramids Program Operation

The ARTPyramids program file operates in a specificmanner that is important to understand.

“Pyramid Trading Point®” formations are drawn asYELLOW POTENTIAL pyramids when they are in aPRE-CONFIRMED or PRE-VOIDED state. Most ofthe NEW “Pyramid Trading Points®”(on the right sideof the chart) will appear in YELLOW until they areCONFIRMED or VOIDED.

Once these YELLOW pyramids are CONFIRMED,they will change colors (to either RED or GREEN)and a “P” (Primary) or “MP” (Minor) label will beassigned to them. These CONFIRMED “PyramidTrading Points®” are signals that have resulted in apotential trading action (Buy or Sell).




If a YELLOW pyramid is VOIDED (does not resultin a trading action), then it will disappear from thechart. Only CONFIRMED pyramids will remain onthe chart.

NOTE: In fast moving markets, there may not beenough time to label a POTENTIAL pyramidYELLOW. In a case like this, a CONFIRMEDGREEN or RED “Pyramid Trading Point®” will formwithout warning.

User Inputs For ARTBars

n AccessKeyIf you don’t enter an AccessKey you will get an errormessage on your chart as follows: “Please Obtain aNew Activation Key from TradersCoach”. Beforeyou can use the ARTBars indicator, you need toobtain an AccessKey from TradersCoach.com. Whenyou receive your AccessKey you must enter itbetween quote signs and the error message will goaway.

n LabelOffset - Default value is 4The variable value is the number of price bars backused in computing the offset.

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ARTBars put dots above and below the “ReversalBars”. The LabelOffset input controls the position ofthese dots. BULLISH “Reversals” are marked with adot at the LowMinusLabelOffset price level.BEARISH “Reversals” are marked with a dot at theHighPlusLabelOffset price level.

n BarsBack1BarReversal - Default value is 3Applies to the ART® One-Bar “Reversals.” Trend hasto continue for a minimum number of bars before anART® “One-Bar Reversal” can take place.

With BarsBack1BarReversal set to “3”, a minimumof three bars in this trend is required. Aggressivetraders may want to set this to “2” while Conservativetraders may want to set this to “4” or “5”.

n BarsBack2BarReversal - Default value is 3Applies to the ART® Two-Bar “Reversals”. Trend hasto continue for a minimum number of bars before anART® Two-Bar “Reversal” can take place.

With BarsBack2BarReversal set to “3”, a minimumof three bars in this trend is required. Aggressivetraders may want to set this to “2” while Conservativetraders may want to set this to “4” or “5”.




n UseTones - Default value is TRUESound setting set to tones for the ART® “Reversals”entry and exit signals.

n UseMansVoice - Default value is FALSESet to TRUE and set UseTones and UseWomansVoice to FALSE for Man’s Voice setting.This sets a Man’s Voice for the ART® “Reversals”entry and exit signals.

n UseWomansVoice - Default value is FALSESet to TRUE and set UseTones and UseMansVoice toFALSE for Woman’s Voice setting. This sets aWoman’s voice for the ART® “Reversals” entry andexit signals.

n BearishVoidColor - Default value is DARKGRAYBEARISH VOIDED “Reversals” will be colored a“Dark Gray”. This value can be changed as the userdesires based on their chart background color. To hideall VOIDED ART® “Reversals”, set the VoidColor tothe same color as the chart background.

n BullishVoidColor - Default value is DARKGRAYART® BULLISH VOIDED “Reversals” will becolored a “Dark Gray”. This value can be changed asthe user desires based on their chart background color.To hide all VOIDED ART® “Reversals”, set the VoidColor to the same color as the chart background.


TradeStation Contact Information

n Address: 8050 South West 10th Street, #2000Plantation, FL 33324 USA

n Phone: 800-871-3577 (Client Services)954-652-7920 (Client Services)

n E-Mail: [email protected]

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On-Screen Icons ForARTBars

l ART® BULLISH “Reversal Bars”Identified by GREEN colored balls below the signal price bar.

l ART® BEARISH “Reversal Bars”Identified by RED colored balls above the signal price bar.

l ART® Two-Bar “Reversals”Identification balls are larger than the ART® One-Bar“Reversal” balls.

10755-F Scripps Poway Parkway, #477San Diego, CA 92131 USA

E-mail: [email protected]: (858) 695-0592 Fax: (858) 695-1397

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