Alchemy Overbought/Oversold Indicators

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	Placitas, NM
Phone # for sales:	303-258-9786
Website:	www.tradingalchemy.com
Click link to request additional product information.
E-mail address:	info@tradingalchemy.com

CATEGORY: SOFTWARE

General Information TOP

Product name: Alchemy Overbought/Oversold Indicators

Initial Price: 199.95

Brief product description:

Trade with the momentum on your side. When an oscillator such as the Stochastics or the RSI is in oversold territory, it typically indicates that the selling pressure is exhausted and that prices might get ready to move to the upside or at least stop falling. Vice versa, when these oscillators are in overbought territory, it typically indicates that the buying pressure is exhausted and that prices might get ready to move to the downside or at least stop rising. When these conditions occur simultaneously on either 2 different oscillators or on the same oscillators on 2 different time frames, the likelihood of a price reversal greatly increases. Our Overbought/Oversold indicators spot overbought and oversold conditions on up to 2 oscillators on a single data series or on up to 2 different data series.

System Requirements TOP

Operating system(s):

Windows98
Windows95
WindowsNT
Windows 2000
Windows ME
Windows XP
Windows Vista
Windows 7

Minimum RAM required: N/A

Minimum hard drive space: 300 mb

Minimum modem speed: 28800

Mouse required?: Yes

CD-ROM used?: No

CD-ROM required?: No

Demo disk available?: No

Market Information TOP

Markets followed:

Stocks
Futures
Bonds
Industrial groups
Cash markets
Mutual funds
Indices
Options

Data TOP

Data type(s) utilized:

Intraday data
End-of-day data
Historical Data

Sources for data:

Provided by an outside data source

Downloader: N/A

Data manager: N/A

Data Formats TOP

Formats read directly:

TradeStation

Additional formats read directly:

N/A

Formats read after conversion to program useable data:

BMI (Bonneville)
DBC (Signal)
DTN
ASCII

Additional formats read via conversion to program useable data:

N/A

Charts TOP

Chart type(s) utilized:

Bar Charts
Candlestick charts
Line charts
Point & figure

Charting features:

Write text on charts

Built-in indicators:

Commodity channel index
Relative strength
Stochastics
Studies on studies
User-defined indicators

Screening and Alerts TOP

Ranking based on:

Indicator and studies

Screening based on:

Indicator and studies

Alerts based on:

Indicator and studies

Alerts displayed on charts?: Yes

Alerts displayed in table?: Yes

Screening by individual system per market?: No

Save tables?: No

Automated printing of tables?: No

Trading Systems TOP

Trading system features: N/A

Options Analysis TOP

Options analysis features: N/A

Support TOP

Support features:

Online help
Manual
Phone support

Manual page length (if applicable): 80

Additional Information TOP

Additional comments (please indicate additional indicators, special features and services here):

Trade with the momentum on your side. When an oscillator such as the Stochastics or the RSI is in oversold territory, it typically indicates that the selling pressure is exhausted and that prices might get ready to move to the upside or at least stop falling. Vice versa, when these oscillators are in overbought territory, it typically indicates that the buying pressure is exhausted and that prices might get ready to move to the downside or at least stop rising. When these conditions occur simultaneously on either 2 different oscillators or on the same oscillators on 2 different time frames, the likelihood of a price reversal greatly increases. Our Overbought/Oversold indicators spot overbought and oversold conditions on up to 2 oscillators on a single data series or on up to 2 different data series. They display show me dots and a text description above price highs for overbought conditions and they display show me dots and a text description below price lows for oversold conditions. The oscillators can be specified through indicator inputs. These indicators have the option of requiring both oscillators to be overbought/oversold before generating an alert or they can be set to alert for anyone oscillator to be overbought/oversold. In a strong trending market, oscillators can remain in overbought/oversold territory for a long period of time before prices change direction and in order to signal a turnaround of prices, a cross of a faster oscillator is commonly used. For example, when the Stochastics D is in overbought territory and the faster oscillator Stochastics K crosses below the Stochastics D, it signals that prices may get ready to fall. Vice versa, when the Stochastics D is in oversold territory and the faster oscillator Stochastics K crosses over the Stochastics D, it signals that prices may get ready to rise. Other combinations of fast and slow oscillators would be an average of the CCI together with the CCI or an average of the MACD together with the MACD. Our Overbought/Oversold indicators contain a separate crossover oscillator for each one of the two oversold/overbought oscillators that can be used to require such crosses in order to trigger an overbought/oversold alert. For example, if a slow D is selected for the overbought/oversold oscillator and a slow K is selected for the Cross oscillator, then an oversold condition is displayed when the slow D is in oversold territory and the slow K crosses over the slow D. The Alchemy Overbought/Oversold indicator spots overbought and oversold conditions on up to 2 oscillators on a single data series. It displays show me dots and a text description above price highs for overbought conditions and it displays show me dots and a text description below price lows for oversold conditions. The oscillators can be specified through indicator inputs. These indicators have the option of requiring both oscillators to be overbought/oversold before generating an alert or they can be set to alert for anyone oscillator to be overbought/oversold. The indicator contains a separate crossover oscillator for each one of the two oversold/overbought oscillators that can be used to require such crosses in order to trigger an overbought/oversold alert. For example, if a slow D is selected for the overbought/oversold oscillator and a slow K is selected for the Cross oscillator, then an oversold condition is displayed when the slow D is in oversold territory and the slow K crosses over the slow D. The Alchemy Dual Data Overbought/Oversold indicator follows the same format as the Alchemy Overbought/Oversold indicator except that it comes with a unique multi data Stochastics oscillator that can calculate the Stochastics on 2 different data series simultaneously. It is designed to detect overbought/oversold conditions that simultaneously occur on either 2 different time frames or 2 different markets. Besides the given Stochastics oscillator, any type of oscillator can be used for overbought/oversold detection through indicator inputs specifications, therefore making this indicator very flexible.

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