Description of Indicators

The following are a brief description of the indicators used in TradeStation with the TraderShark Trading Methods. 

The settings are available in the TraderShark Trading Manuals and are continually referenced in the Shark Den, the live trading room. 

TShark Ranges
	This indicator automatically draws all the Range lines as shown on the 5 min chart in the Trading Manual and in the Shark Den.
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TShark Shark Bands
	A highly visual indicator allowing the user to input up to nine different support and resistance zones. Best used with the support/resistance numbers provided daily in the Shark Den. These numbers are available free to all Shark Den subscribers. Note: Must be used in conjunction with a paint bar like the TShark_HA bars
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Opening Range
	Lines automatically drawn to indicate the high and low over a period of time. Note when used on tick charts results can vary slightly to the time based equivalent.
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TShark Heikin Ashi
	A highly visual paint bar based on the Heikin Ashi technique that enables you to see the trend more clearly.
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TShark Tick Counter
	This counts down the tick bars per each candle, giving a visual warning as the bar gets closer to ending. To be used on tick charts only
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TShark Shark Line
	The Shark Line is a key guide used by institutional traders.
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TShark Wave
	The main indicator used in many of the TraderShark set ups. This is indicator will install with all the correct settings and colors as used in the Shark Den.
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TShark Shaded Moving Avgs with Tangled Net
	This really is a beautiful indicator giving highly visible shaded buy and sell zones that change color with Mvg avg crossovers.This indicator also has a visual color change to indicate when all the averages are tangled together showing a period of low volatility and helps to keep you out of sideways choppy action.Be ready for some great setups when the tangled net fades out as high volatility usually follows on from low volatility.Audio alerts can be also be enabled to give a heads up of trend changes at Moving Average Crossovers. In 10 years of trading TradeStation we have never seen anyone else offer the shaded areas. Note: Must be used in conjunction with a paint bar like the TShark_HA bars
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TShark Auto-Wave Signal
	This is the standard indicator used for the TraderShark Wave Trades with the addition of a trend and signal indicator that gives visual and audio alerts.
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TShark No Trade Zones
	Up to four highly visual vertical time bands can be set to keep you out of the danger and dead zones.Note: Must be used in conjunction with a paint bar like the TShark_HA bars
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TShark Sentiment
	This is a market internal indicator that displays the sentiment of traders. It helps prevent entering a trade against the prevailing trend.
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TShark Holding
	This indicator can give you an early warning as to when to exit a trade early and that little bit of confidence to hold on for your target or to push that target out for some increased profits.
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TShark Directional
	The best trades are when you trade with the trend and when the trend is strong. This indicator gives both clear trend direction and strength.
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TShark Auto-Fib – Full License
	This indicator will continuously draw fib lines in the direction of the trend. It is primarily designed to be used on the ES mini where it calculates an entry price and target based on the TraderShark methodology. Show me dots can be shown as each pullback hits an entry point and can give you a clear picture at the end of day of all the pullbacks triggered. This information can then be used to help you fine tune your trading plan by filtering out the obvious losing trades. Discretion is required in No Trade Zones, all entries above below your trending averages, near the open or within the opening range. While it can be used on other markets such as the NQ and EC (without the entry show me dots and T2 targets) we can not support it’s effectiveness on all markets without extensive testing. Please do so at your own risk.
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Futures, Forex, Options and Equities trading involves substantial risk. The valuation of Futures, Forex, Options and Equities may fluctuate, and as a result, clients may lose more than their original investment. In no event should the content found through the TraderShark.com website page, audio, video, email, hard or soft copy text, spreadsheet, application or any other source of information or representation associated with TraderShark.com be construed as an express or an implied promise, guarantee or implication by or from TraderShark.com that you will profit or that losses can or will be limited in any manner whatsoever. Past results are no indication of future performance. Information provided in this correspondence is intended solely for educational purposes and is obtained from sources believed to be reliable. No guarantee of any kind is implied or possible where projections of future conditions are attempted. No one is responsible for the results of any trade that you place other than you yourself.

CFTC Rule 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.