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PARAMETERS: In the SwingTimer Indicator there are three parameters which significantly modify the results of a study. There are five other parameters that effect the display and/or cosmetics of the method. The following is taken directly from the documentation which is a part of the SwingTimerTS2k "indicator" designed to run as an adjunct to either the TradeStation TS2000i or TradestationPro market analysis and display system supplied by OmegaResearch.
{**********************************************************************
Study : SwingTimerTS2k Last Edit : 11/21/00 Provided By : Clyde Lee (c) 2000 Restrictions: This is a licensed product. The product(SwingTimerTS2k)
is licensed only to those persons and/or organization that have
paid a proper license fee to Sytech Corporation and has had
this code delivered to them from Sytech Corporation.
This license restricts the use of this product to a single
person or firm on one machine for each license fee paid to
Sytech Corporation. If desired additional licenses can
be obtained at a lower price than the original license by
contacting Sytech Corporation (www.sytechcorporation) and
obtaining such license(s).
Any other use of or distribution of this product is prohibited
and is subject to applicable penalties appropriate to the
laws of the State of Texas, USA.
Notes: Uses Swing_Lee function which uses HighestHigh and LowestLow
for n days OR n% of 21 bar ATR to determine TurningPoints/Pivots
for Swing Analysis.
System displays limits of time and price where next turn may
occur.
System has some internal limits which require a certain
number of swings to occur before analysis is performed. This
will appear on the early part of the chart where swings are
recorded but no projections are made. For certain patterns
this may continue for quite a number of bars BUT unless there
is sufficient data for a particular pattern then a projection
cannot be achieved.
In such cases the only solution is to make MatchN have a
value of Zero (0) so ALL swings are used in a projection.
You can use the beginning date to inhibit projections in
the early part of a chart.
© 1997-2000 Clyde Lee, All rights reserved. **********************************************************************} Input: NBars(13), {Number bars in HH/LL computations for }
{xxx.y y=line width for plots }
{If NEGATIVE then a PERCENTAGE value to }
{use as a multiplier of a 21 bar ATR to }
{look for reversals of this amount to }
{call a change in trend and establish a }
{new TurningPoint. (e.g. 200 = use a }
{multiplier of 2.00 for ATR21 value }
{computing turning points for project. }
Groups(5), {Number of averaged groups to build }
{Range 2-9 sets averages for minimum and}
{maximum time period and price averaging}
{The system sets up 2 average displays: }
{2=12, 3=13, 4=23, 5=24, 6=34, 7=35, }
{8=36, 9=37. ergo: }
{ [1]-[1] 100% high and low }
{ [2]-[1] 50% high and low }
{ [3]-2-[1] 33% high and low }
{ 4-[3]-[2]-1 25% mid-hi and mid-lo }
{ 5-[4]-3-[2]-1 20% mid-hi and mid-lo }
{ 6-5-[4]-[3]-2-1 17% cnt-hi & cent-lo }
{ 7-6-[5]-4-[3]-2-1 14% c-hi & c-lo }
{The sequence of numbers represents the }
{sums/averages that are calculated out }
{of the entire data set. The numbers in}
{brackets are the averages that are in }
{use in the computation of the boxes. }
{Time is taken from averages computed }
{from data set ordered by time interval.}
{For prices, the data set is ordered by }
{price increment to next turning point }
{and then the averages computed. }
MatchN(1), {Call a match using the number of TP'S }
{specified: 1, 2, or 3 If desired the}
{indicator can select ALL swings in the }
{proper direction based on last TP by }
{setting this to a value of zero (0) }
UpColor(Blue), {Color for upgoing boxes/lines }
DnColor(Red), {Color for downgoing boxes/lines }
AnotBars(True), {Annotate the NBar parameter at box }
{This must be false for All to work!!!! }
AnotAll(True), {Full annotation: #Bars, #grp, Knt }
BeginDat(991201), {date at which to start drawing boxes }
FibBars(50.06), {Use to setup fib computation & label }
{0.xz=NO fib calculation. yy.xz = set }
{fib line lengths to be yy past last bar}
{x=line width 0-6 z=line color }
{Black=1, Blue=2, Cyan=3, Green=4,}
{Magenta=5, Red=6, Yellow=7, White=8,}
{DarkBlue=9 }
UseForcd(true); {Set true to have Fib lines drawn from }
{last or forced pivot if such exists. }
{*********************************************************************}
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