Overview

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.  In addition, Set 3 adds the power to count, remember or toggle values off and on based on conditions. 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 , as well as two indicators that compute the correct sun time and distance to the moon.

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, while Valley looks for the lowest value.

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.

Task Indicators

Find and Count Indicators

The Find and Count Indicators answer questions such as Find the highest value of the close after it crosses above a 20 period moving average until it crosses below that same moving average or Count the number of times the RSI < 30 between the hours of 2:30 and 4:00 pm.

Remember

The Remember indicator 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.  The Remember2, Remember3, and Remember4 indicators 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 indicators can signify 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.

Inclusive and Since Versions

The Find, Count, and Toggle indicators include variations such as FindInclusive and FindSince.  The Inclusive versions incorporates the bars where the conditions are true in calculating the indicator's result.  The Since versions begin calculating the result after the condition is found up until the current bar.

Pair Trading

The The Pair and Proxy indicators let you easily implement Pair Trading Strategies in NeuroShell Trader.  Pair trading indicators generate simultaneous buy/sell signals for two different stocks or other instruments in the same chart, thus creating a market neutral trading system.  You can create a pair trading system for stocks and other instruments that cross one another directly, or through a "proxy" created by a neural net.  The nets allow you to produce cointegrated pairs using one stock to predict the price of another and using the spread between the actual and predicted prices to pair trade the predicted stock and the one used to make the prediction.  Indicators include PairEntry and PairExit, as well as ProxyEntry and ProxyExit.

Sun and Moon

The Equation of Time indicator returns the difference between solar time (as measured by a sundial) and mean clock time. The MoonDistance indicator outputs the distance between the center of the Earth and the center of the Moon expressed in kilometers.

Special Note Regarding the Use of Close

Several of the indicators in this set, such as the Find and Count indicators, use close as a default parameter value when a condition is required. Close is a non-zero value so it is always a true condition.  However, you should not pay attention to these indicator results until you change the close to a condition that may be either true or false.