Cyber3TSLimit is used in conjunction with Cyber3TSPosition and Cyber 3TSSignal.  Open example chart Chapter 3 ITrend limit Intel to view a Trading Strategy built with these indicators.  The example charts are located in the Cybernetic Analysis examples folder in your NeuroShell Trader directory.

These indicators were created to mimic the combination of using a limit price for the ITrend/ITrend Trigger crossover condition and a fast switch to the other side if the trade starts to go against you by a certain percentage.

You must place a limit order when using this indicator.  Cyber3TSLimit is used as the limit price.  Note:  For a better view of the trading signals, format the Y axis on the chart to range between the high and low values of the traded issue.  The Cyber3TSLimit indicator sets artificially high values for the limit price and makes it difficult to view the trading signals.

CrossAbove = defaults to the Close but change to the CrossAbove Indicator (from the Crossover and Breakout Identification category).  When setting up the CrossAbove Indicator, use Cyber3_ITrend Trigger for Time Series 1 and Cyber3_ITrend for Time Series 2.  Remember to substitute the Price indicator for the default value of close.

CrossBelow = defaults to the Close but change to the CrossBelow Indicator (from the Crossover and Breakout Identification category).  When setting up the CrossBelow Indicator, use Cyber3_ITrend Trigger for Time Series 1 and Cyber3_ITrend for Time Series 2.  Remember to substitute the Price indicator for the default value of close.

Open = the open price

High = the high price

Low = the low price

Close = the close price

Range Fraction = 0.35 (the default described in the book)

Reverse Percentage = 1.015 (the default described in the book)

For more information on this indicator, refer to Chapter 3 of "Cybernetic Analysis for Stocks and Futures" by John Ehlers, Publisher: John Wiley & Sons; (March 19, 2004), ISBN: 0471463078.