SwingTimerTS2k        Version TS2000i/TSPro
SwingTimer Indicator                    Page: 1

The SwingTimer is an "INDICATOR" as defined by Omega Research Corporation and is designed to be installed in conjunction with either the Omega TradeStation® 2000i or the TradeStation® Pro market analysis systems.  

Installed as an indicator, the procedure will project (based on historical data taken from the displayed chart) the time and price at which one may expect a change in trend direction from the current direction.  The indicator is applicable to ALL time intervals that can be displayed including tick bars.  The indicator is not appropriate for use on Point & Figure chart data.

The following diagrams are the essence of the analytic portion of the SwingTimer Indicator. These elements have been taken from the principles involved in an even more sophisticated method known as "the_swingmachine".  The purpose of both methods is to MODEL POTENTIAL MARKET TURNING POINTS both in TIME and in PRICE.

After the SWING DIAGRAM graphics which depict annotations for defined swing patterns, is a discussion on the basis of the method of detection of turning points for swings and a selected classification approach to be used in the SwingTimer indicator

In 1977, Arthur A. Merrill published a book titled Filtered Waves - Basic Theory.

In this treatise he expounded the concept of "simple classification of waves by amplitude.  The amplitude used is the overall swing from the highest point to the lowest." In Chapter 3, Merrill discusses how to determine "Turning Points" (we will use the abbreviation  TP quite often) by use of a percentage of price reversal from prior direction of movement.  

I did not find this method of TP (pivot if you like) determination to be to my liking.

However Mr. Merrill's work got me to thinking about "waves" made up of multiple legs and how to define and use such information.

In September, 1983 I attended a seminar given by Curt Hesler of Missoula, Montana  <http://www.protiming.com/>   covering something called the Supply/Demand Formula as developed by Henry Wheeler Chase. 

The approach outlined was very complex but at the heart of the system was a classification of "waves" of prices based on the position of four pivots or turning points.

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SwingTimer @ $325.00
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