Trading Alchemy Home Page. Instruction Manual for MultiCharts. Alchemy TrendCatcher Indicator Alchemy Trend Complete Indicator Package. Thank you for choosing Trading Alchemy for your MultiCharts trading software needs.

This manual can also be viewed online at: If you still have questions after reviewing the manual and the Trading Alchemy web site, please direct your questions to technicalsupport tradingalchemy.

We appreciate your business and wish you the best in your trading endeavors. With the Alchemy Trend Complete Indicator Package, we have combined our Alchemy Trend Catcher and our Alchemy Strong Trend Entry indicators into one trend trading system. Our Alchemy Trend Catcher indicator is a powerful trend trading tool that is very easy to use.

TradeStation Forum - Alchemy TrendCatcher Indicator

The TrendCatcher module of this indicator identifies the market trend and displays a logical trailing stop in order to stay with the trend for longer moves.

With the TrendCatcher, you will never miss a big market move. We've developed a proprietary market trend and volatility calculation that works in any market and on any time frame. This indicator will help you to stay in the right direction of any market move. The Alchemy Trend Catcher's trailing stop is self-adaptive to the market's current volatility, therefore minimizing the initial risk while staying with the trend.

TradeStation Forum - Alchemy TrendCatcher System Indicator Package

Additionally this indicator package uses the Alchemy Strong Trend Entry module as strong trend detectors. They signal the strength of a developing trend and increase the reliability of a follow through of a previous reversal or breakout.

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When a strong trend is detected, the indicators color code the price bars and display an entry zone at a logical retracement area, which provides a better entry price into the direction of the new trend. This trend confirmation method eliminates a large percentage of whipsaws and filters out a significant amount of noise when the market is in a non-trending, consolidating phase. At the same time, they catch all major market moves. The TrendCatcher module paints the price bars cyan in an uptrend and magenta in a down trend, which provides an overall trend direction.

A trailing line keeps a trailing distance that is self adaptive to the market's volatility. Once the market penetrates the trailing line, the trend changes and marks a market reversal. When the Strong Trend Entry module detects a strong trending market after such a trend reversal, the price bars alchemy trend catcher trading system colored with a thicker weight and separate dots display an entry zone. The most aggressive entry would be to enter the market when the thicker paint bars detect a strong trending market.

A more conservative entry would be to enter into the direction of the trend when the market retraces back into the entry zone. The Alchemy TrendCatcher indicator contains the following plots:. The bullish color is controlled with the color of the TC TrailUp plot and the bearish color is controlled with the color of the TC TrailDn plot. TC BullPB High and TC BullPB Low. The color for an up candle is controlled with the TC BullPB High plot and the color for a down candle is controlled with the TC BullPB Low plot.

TC BearPB High and TC BearPB Low. Stock option repricing rules color for an up candle is controlled with the TC Forex chaos theory software development High plot and the color for a down candle is controlled with the Tradestation corn futures BearPB Low plot.

Strong Trend Entry module: 1817 stock market up trend paint bars: ST BullPB High and ST BullPB Low. The color for an up candle is controlled with the ST BullPB High plot and the color for a down candle is controlled with the ST BullPB Low plot.

Strong down trend paint bars: ST BearPB High and ST BearPB Low. Strong trend bullish entry paint bars: ST BullEntry PB High and ST BullEntry PB Low. Strong trend bearish entry paint bars: ST BearEntry PB High and ST BearEntry PB Low.

The color for an up candle is controlled with the ST BullPB High plot and the color for stock market crash 1929 interview down candle is controlled with the ST BearEntry PB Low alchemy trend catcher trading system. Strong trend bullish entry 1 dots: Strong trend bullish entry 2 dots: Strong trend bearish entry 1 dots: Strong trend bearish entry 2 dots: Specifies the price to be used for the TrendCatcher paint bar high prices.

Specifies the price to be birkenstock clogs clearance for the TrendCatcher paint bar low prices. Specifies the price to be used for the Strong Trend paint bar high prices. Specifies the price to be used for the Strong Trend paint bar low prices.

Specifies the number of trailing bars to include in the TrendCatcher volatility calculation. Specifies the TrendCatcher sensitvity en daytrader i stockholm. For a more long term trend calculation, this factor can be increased and for a more short term trend calculation, this factor can be decreased.

Specifies the average type of the TrendCatcher calculations, whereas a setting of 1 uses a simple moving average, a setting of 2 uses an exponential moving average, a setting of 3 uses a weighted moving average, a setting o 4 uses a triangular moving average, a setting of 5 uses a Mid Keltner and a setting of 6 uses a Hull moving average. Specifies the price to set the TrendCatcher trailing distance from.

When set to true it uses the close. When set to false, it uses the high in an uptrend and the low in a downtrend. Specifies the price to use for changing the TrendCatcher trend direction when the trailing stop is penetrated.

When set to false, it uses the low in an uptrend and the high in a downtrend.

When set to true, the indicator displays the bullish Strong Trend Paint Bars and entry dots only when the Trendcatcher is bullish and vice versa, it displays the bearish Strong Trend Paint Bars and entry dots only when the Trendcatcher is bearish.

Specifies the price to be used for the Strong Trend calculation such as open, high, low or close. Specifies the number of trailing bars to include in the Strong Trend calculation. Specifies the Strong Trend sensitvity factor.

For a less sensitive Strong Trend calculation, this factor can be increased and for a more sensitive Strong Trend calculation, this factor can be decreased. Specifies the decimal points for price to display in the alert notification window. To view chart, go to: To download a sample workspace, go to: Trading Alchemy Home Page Trading Alchemy Instruction Manual for MultiCharts Last Updated: The Alchemy TrendCatcher indicator contains the following plots: The bullish color is controlled with the color of the TC TrailUp plot and the bearish color is controlled with the color of the TC TrailDn plot Bullish paint bars: ST BullEntry1 Strong trend bullish entry 2 dots: ST BullEntry2 Strong trend bearish entry 1 dots: ST BearEntry1 Strong trend bearish entry 2 dots: AlertDec Specifies the decimal points for price to display in the alert notification window.

Specifies the minimum number of bars for a trend confirmation. Specifies the minimum factor for detecting a new strong trend.