Free Indicators
10 Free TradeStation Indicators [EasyLanguage Code Downloads]
Free trading indicators for TradeStation with EasyLanguage code. Download, install, and start using them today.
These aren’t generic indicators you’ll find in every trading book. They’re tools I’ve built and refined over 15+ years of trading Emini futures – designed to show you what actually matters: volume, market breadth, trend structure, and professional positioning.
Market Breadth & Sentiment
TRIN Indicator – One of the few truly leading stock market indicators. See when market breadth is, or is not, confirmed by buying and selling volume.
Commitment of Traders Indicator – Visualize COT data directly on your charts. See what commercial hedgers and large speculators are doing.
Intermarket Oscillator – Compare related markets to find divergences and confirmations. When bonds move, stocks often follow.
Better Rotation Indicator – Tracks global macro rotations across 8 major ETFs. See money flowing from one asset class to another.
Trend & Volume
Auto Trend Line Indicator – Automatically plots trend lines and highlights congestion zones where breakouts start. No more guessing where to draw lines.
Better X Trend Indicator – Uses explosion and exhaustion volume to determine trend direction. Trend indicators are everywhere – this one actually works.
Better Volume Indicator – Most traders ignore volume. Mistake. This indicator identifies climactic volume, churn, and low-volume tests – the footprints professionals leave behind.
Utilities
Vertical Line Indicator – Plot vertical lines at market open, close, and the 11 am reversal window. Simple but essential for day traders and swing traders alike.
Stock Market Crash Indicator – Track the levels that confirm corrections and crashes. Use these with resting buy orders to dollar-cost average into long-term positions.
Stock Market Seasonality Indicator – Historical seasonal patterns for the stock market. But use with caution – seasonality alone isn’t an edge.
The Free TradeStation Indicators
The Better Volume Indicator [Free Code]
Most traders ignore volume. Big mistake! Big! Huge! Volume has to be the most underrated market variable used in technical analysis. But if you know how to analyze and interpret it, you’ll be able to see market turning points develop and anticipate pullbacks and trend changes. You can figure out …
The Better Rotation Indicator [Free Code]
The Better Rotation Indicator uses 8 major ETFs to track Global Macro trends. This indicator helps visualize the rotations from one Global Macro asset class to another – from unloved and over-sold to hot and being chased by the herd. Right now (4Q 2016) we’ve got a rotation taking place …
Vertical Line Indicator for TradeStation [Free Code]
Plot vertical lines at the key times that matter: market open, close, 11 am reversal window, and end of week. This free TradeStation indicator uses the new EasyLanguage drawing object classes, so lines extend from the top of your price panel through any indicator panels below. What You Get Four …
The Better X Trend Indicator [Free Code]
Here’s how to use explosion and exhaustion volume to determine the trend. Introducing the Better X Trend Indicator. Trend indicators are the holy grail of the indicator world – everyone thinks “If only I had a better trend indicator then making money in the market would be easy.” But trend …
The Stock Market Seasonality Indicator [Free Code]
Stock market seasonality definitely exists, but can you use it for day trading? I think the answer is “Yes” – but only where there is strong fundamental support. Looking for annual statistical anomalies just isn’t enough. Just because on average the market did “this” (up/down x% on this particular day) …
The Stock Market Crash Indicator [Free Code]
When will the stock market crash? Everyone would like to know the answer to that question! Large Contract (SP) Data No Longer Available On 30 September 2021 the large S&P500 contract (symbol: SP) ceased trading. The Stock Market Crash Indicator featured in this video and article is based on this …
The Better Commitment of Traders Indicator [Free Code]
Commitment of Traders (COT) data is not the holy grail – but can be immensely useful in longer term analysis. Here’s how. I tested all the different combinations and found that your method of futures only, all large contracts and net % had the best profit factor. I was really …
The Intermarket Oscillator [Free Code]
Can the technical analysis of one market help you trade another? Yes, maybe. Intermarket Analysis is the comparison of potentially related markets. For example: Often you’ll see two markets moving together – one seemingly driving the other. These moves can last weeks or months and will be pointed to by …
Best Auto Trend Line Indicator for TradeStation [Free Code]
Stop drawing trend lines manually. This indicator automatically plots rising and falling trend lines – and highlights the congestion zones where big moves start. What It Does The Better Trend Lines indicator solves the biggest problem with trend line trading: subjectivity. Instead of guessing where to draw lines, the indicator: …
The Better TRIN Indicator
The TRIN Index (or Trading Index or Arms Index) is a measure of stock market strength, originally developed by Richard Arms in 1967. It is one of the few truly leading (as opposed to lagging) stock market indicators and is widely followed by market analysts. TRIN Index data is available …
Professional-Grade Trading Indicators
The free TradeStation indicators above are useful tools. But if you’re serious about trading futures, these are the indicators I actually trade with:
- Better Momentum – Identifies momentum shifts before they show up on price
- Better Sine Wave – Pinpoints cycle turning points
- Better Pro Am – Separates professional activity from amateur activity
Click here to see the full ‘Better’ Indicator suite.
