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TradeStation requires the “additional candles to load” setting be set to 20 or higher as the auto select does not select enough bars to calculate the accurate value.

Well, after much ado and many hours of rework, restructuring, editing documents, and many V E R Y LONG day/nights to make the Tools for Traders "Suitable" for submission to the TradeStation® Trading App store we finally succeeded in getting all 4 editions posted and available. We are dedicated to support. We have dealt with so many companies recently that seem to have thrown support out the window. We don’t want to be that company. Because of this, we are providing many avenues for support through our Tools for Traders Community. In the Tools for Traders Community, you have access to variety of different Video Channels, Forums, Blogs, File servers with additional support documents and Excel workbooks and, last but certainly not least, LIVE Events.These Events are dedicated to assist you as you begin your journey learning the suite of Tools for Traders software. We also have a Self-Paced Learning system coming soon. It will be specifically designed for your Tools Edition subscription. We have a YouTube channel, https://www.youtube.com/channel/UC7ANJJKNNXNtKT06PUbeUBg , with over 100 videos, and more being added. Back to the Live Events. We will be providing LIVE support at different times during the week and on weekends. These events can be accessed in the Members Community/Group List/Tools for Traders Support Events Schedule. Click on “RSVP” for access to “The Ripper Experience” you wish to join. (BTW), “Ripper” is the one who got us all started down this path over 4 years ago and look what he has it has gotten is into… OK back to the important stuff. After choosing the specific event clicking the “RSVP” you may now actually RSVP. Click RSVP on this page and a popup will open, confirm all information there and click “Submit” button. You may now add this event to your calendar. You will get 2 emails notifying you that you have registered for this event. On the day of the event, you can access the event by clicking on notifications, (the Bell in the upper right corner of the page), and then select events. All of your events that you have RSVP to will be listed there. Click on the event Drop Down and select “View event Details” then scroll down to “About the Event” where you can access the Zoom Room for that specific event. Please log in 3 to 5 minutes prior to the event start time. We are excited to have you onboard and look forward to seeing you here in the Tools for Traders community.

As of this time we now have 3 of the 4 editions of the Chart Tools on the Tradestation App Store. Ripper was able to get the third one submitted about 12:00 PM CDT today and it is now on the app store at 3:30 PM CDT the same day. I just got word he has submitted the Ultimate version. We will be watching the App Store for its arrival. We are all very excited and looking forward to seeing all of you in our training sessions that we are currently planning. Stay tuned for more information on these training sessions.

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This page is a glossary of terms used on this website. Glossary Tools created by traders for traders! Terms Covered Candle Rally Candle Drop Candle Basing Candle Base Candle Base Leg-out Leg-in Base High Base Low Follow Through Candles Basing Candle In Control Rally-Base-Rally (RBR) Rally-Base-Drop (RBD) Drop-Base-Drop Drop-Base-Rally (DBR) Supply Band Demand Band Proximal Line Distal Line Band Labels Origin Box Swing Low Swing High CIC High CIC Low Trend Segment Bull Box Bear Box Impulse and Corrective Moves Curve Tick Point Value of a Tick and a Point Drive Letter and Directory Path Filename Prefix and Path Name Welcome to our glossary of terms! This glossary contains many of the trading and non-trading terms you will see on this website, along with simple, practical explanations of what they mean. Click on a term (listed on the left) to go to the definition. Candle A representation of price action over a fixed interval. The most common intervals are time-based (5 min, 15 min, 60 min, daily, etc.), but an interval can be defined in other terms as well, such as a fixed number of ticks or a fixed number of shares changing hands. If we define the interval to be 1000 shares, then a candle would represent the price action which took place over the course of 1000 shares being bought and/or sold. A candle has several parts: High – the highest price reached during the interval. Low – the lowest price reached during the interval. Open – the value of the price at the beginning of the interval. Close – the value of the price at the end of the interval. Body – the part of the candle between the open and the close of the candle. If the close is greater than the open, then the body of the candle is usually colored green. If the close is below the open, then the body of the candle is usually colored red. Wick – A candle may or may not have a wick(s). A wick occurs when the high and/or the low of the candle lie outside of the candle body. In this case, a line is drawn from the candle body to the high and/or the low outside the candle body, and these lines are known as wicks. Down Rally Candle Down A candle that closes above its open as well as above the high of the previous candle. Rally candles are typically large candles with most of the candle being in the body and either small wicks or no wicks at all. Drop Candle Down A candle that closes below its open as well as below the low of the previous candle. Drop candles are typically large candles with most of the candle being in the body and either small wicks or no wicks at all. Basing Candle A candle where one or more immediately following candles close between its high and low. A basing candle must have an area of supply above it and an area of demand below it. The candles which follow it are "trapped" between those areas of supply and demand and are relatively in balance. This is known as "basing". A basing candle is considered “active” or “unbroken” until a candle closes above the high of the basing candle or below the low of the basing candle. Down Base Candle A candle which closes between the high and low of a basing candle which precedes it. Any candles between itself and the basing candle must also be base candles of the same basing candle. Down Base A basing candle followed by one or more base candles. The base ends when a candle closes above the high or below the low of the basing candle. Down Leg-out (LO) For a given base, this is the first candle which closes above the high of the basing candle which started the base, or below the low of the basing candle which started the base. The leg-out candle ends the base, and it is not counted as part of the base. Down Leg-in (LI) For a downtrend, it is the last candle before a base which closed below the previous candle's low. For an uptrend, it is the last candle before a base which closed above the previous candle's high. Down Base High The area of supply that is left when the price breaks out of a base to the downside. A base high is considered active until a candle closes above it. Down Base Low The area of demand that remains when the price breaks out of a base to the upside. A base low is considered active until a candle closes below it. Down Follow Through Candles Follow Through Candles follow the leg-out of a valid pattern (DBR, RBR, RBD, DBD) and, depending on the pattern, make higher highs or lower lows. For a demand pattern (DBR, RBR), follow through candles will make higher highs. For supply patterns (RBD, DBD), follow through candles will make lower lows. Down Basing Candle in Control (BCIC) Basing candles may be nested. A basing candle is nested when it appears in the base of another active/unbroken basing candle. When basing candles are nested, the one that is said to be in control is the outermost basing candle of the nest, which is the basing candle which started the nest and the one basing candle in the nest which is not a nested basing candle. Down Down Rally-Base-Rally (RBR) The RBR candle pattern is one of the patterns that the Chart Tool searches for. This pattern is marked by a leg-in which is a rally candle, a base, and then a leg-out which is also a rally candle. Under certain conditions, the basing candle which starts the base may be used as the leg-in candle. This pattern is classified as a continuation pattern and is normally associated with demand in the Supply & Demand Trading Methodology. Rally-Base-Drop (RBD) The RBD candle pattern is one of the patterns that the Chart Tool searches for. This pattern is marked by a leg-in which is a rally candle, a base, and then a leg-out which is a drop candle. Under certain conditions, the basing candle which starts the base may be used as the leg-in candle. This pattern is classified as a reversal pattern and is normally associated with supply in the Supply & Demand Trading Methodology. Down Drop-Base-Drop (DBD) The DBD candle pattern is one of the patterns that the Chart Tool searches for. This pattern is marked by a leg-in which is a drop candle, a base, and then a leg-out which is also a drop candle. Under certain conditions, the basing candle which starts the base may be used as the leg-in candle. This pattern is classified as a continuation pattern and is normally associated with supply in the Supply & Demand Trading Methodology. Down Drop-Base-Rally (DBR) The DBR candle pattern is one of the patterns that the Chart Tool searches for. This pattern is marked by a leg-in which is a drop candle, a base, and then a leg-out which is a rally candle. Under certain conditions, the basing candle which starts the base may be used as the leg-in candle. This pattern is classified as a reversal pattern and is normally associated with demand in the Supply & Demand Trading Methodology. Down Supply Band This is an area on the chart where supply and demand are out of balance (supply exceeds demand) and likely to remain so. These areas are normally associated with the bases of RBD and DBD patterns and the Chart Tool draws these bands on the chart using those bases. A supply band is considered “fresh” if price has not returned to the band since it was created. A supply band is considered active until a candle closes above the band, in which case the band is considered broken. Broken supply bands have no more supply left in them and should not be used. Down Demand Band This is an area on the chart where supply and demand are out of balance (demand exceeds supply) and likely to remain so. These areas are normally associated with the bases of DBR and RBR patterns and the Chart Tool draws these bands on the chart using those bases. A demand band is considered “fresh” if price has not returned to the band since it was created. A demand band is considered active until a candle closes below the band, in which case the band is considered broken. Broken demand bands have no more demand left in them and should not be used. Down Down Proximal Line When a band is formed, the Proximal Line is the edge of the band closest to price. For a demand band, this would be the edge of the band with the highest price. For a supply band, it would be the edge of the band with the lowest price. Distal Line When a band is formed, the Distal Line is the edge of the band furthest from price. For a demand band, this would be the edge of the band with the lowest price. For a supply band, it would be the edge of the band with the highest price. Down Band Labels The proximal and distal lines of bands can be labeled. The labels can be configured to show the price which corresponds to the proximal or distal line, how deeply price has penetrated the band (if at all), as well as the date and time the band was created. Down Origin Box The Chart Tool can draw a box around the base of the pattern that was used to create a band. That box is called the Origin Box. The Origin Box will cover the entire base, and will extend left and right to cover the complete pattern, even those parts not used for drawing the band. Down Swing Low A candle whose low is less than the lows of the candles which surround it. A swing low must have at least 2 candles on either side of it which have both higher lows and higher highs than the swing low. These 2 candles do not need to be adjacent to the swing low, but must appear before a candle with a lower low than the swing low. Down Swing High A candle whose high is greater than the highs of the candles which surround it. A swing high must have at least 2 candles on either side of it which have both lower highs and lower lows than the swing high. These 2 candles do not need to be adjacent to the swing high, but must appear before a candle with a higher high than the swing high. Down CIC High The Candle in Control High is the most recent swing high where the swing highs immediately preceding it are lower, and all of the swing highs after it are lower. Furthermore, at some point after the CIC High, price will drop below the swing low immediately prior to the CIC High. Thus, the CIC High represents a significant turning point in the direction of price movement. Down CIC Low The Candle in Control Low is the most recent swing low where the swing lows immediately preceding it are higher, and all of the swing lows after it are higher. Furthermore, at some point after the CIC Low, price will exceed the swing high immediately prior to the CIC Low. Thus, the CIC Low represents a significant turning point in the direction of price movement. Down Trend The tendency of price to move in a certain direction. Trend can be up, down, or sideways. A trend consists of a series of price moves. The price moves in an uptrend will produce higher swing highs and higher swing lows. The price moves in a downtrend will produce lower swing highs and lower swing lows. An upward price move starts with a swing low which is surrounded by 2 or more higher swing lows. It ends on a swing high which is surrounded by 2 or more lower swing highs. A downward price move starts with a swing high which is surrounded by 2 or more lower swing highs. It ends on a swing low which is surrounded by 2 or more higher swing lows. Down Down Segment A short term move in the market. An upward segment begins with a swing low and ends with the first swing high which is followed by a swing low. A downward segment begins with a swing high and ends with the first swing low which is followed by a swing high. Segments are often represented using lines or bull & bear boxes. In the example above, the segments are represented using lines, while swing highs are marked with red dots above them and swing lows are marked with green dots below them. Bull Box A box drawn on the chart enclosing the candles of an upward segment. The box is normally shaded using a semi-transparent green color. Down Bear Box A box drawn on the chart enclosing the candles of a downward segment. The box is normally shaded using a semi-transparent red color. Down Down Impulse and Corrective Moves The price moves in a trend can be categorized as either Impulse moves or Corrective moves. An Impulse move is a price move in the direction of the trend. A Corrective move is a price move in the opposite direction of the trend. These moves are normally comprised of multiple segments. Curve Down The area between the CIC High and the CIC Low. This area is normally broken into three or more equal parts. It is generally believed that major changes in price direction, if they occur, are more likely to occur in the top or bottom parts of the curve. Tick There are two aspects to a tick: size and value. For any given market, the size of a tick is the minimum allowed change in price. All prices are a whole multiple of this minimum allowed price change. For most stocks, the size of a tick is normally $0.01. For futures markets, the size of a tick will depend upon the market. For example, the size of a tick for ES (the e-mini S&P 500 contract) is $0.25. For RTY (the e-mini Russell 2000 contract) the size of a tick is $0.10. Down Point There are two aspects to a point: size and value. A point is a whole multiple of a tick, and, for any given market, is usually equal to a $1 price change in the market. So the size of a point is usually $1, and the number of ticks per point is , for ES (the e-mini S&P 500 contract), the size of a tick is $0.25 and the size of a point is $1. This means there are 4 ticks per point for this market. For RTY (the e-mini Russell 2000 contract), the size of a tick is $0.10 and the size of a point is $1, so there are 10 ticks per point when trading the RTY. Down Value of a Tick and a Point The value of a tick also depends upon the market. For most stocks, the value of a tick is equal to the size of a tick. For futures markets, though, the value of a tick may be completely different than the size of a tick. For example, the value of a tick for ES is $12.50 while the size is only $0.25. For RTY, the value of a tick is $5 while the size of a tick is only $0.10. The value of a point also depends upon the market. For most stocks, the value of a point is equal to the size of a point. For futures markets, the value of a point may be completely different than the size of a point. For example, the value of a point on the ES is $50 while the size of a point is $1. For the NQ (e-mini NASDAQ 100 contract), the value of a point is $20, the size of a point is $1, and the size of a tick is $0.25, so there are 4 ticks per point. Down Calculating Profits and Losses To calculate the profits or losses for a trade, you can take the difference between the starting and ending price for the position you held, convert that to points by dividing by the size of a point, multiply by the value of a point, and then multiply by the size of your position. For example, if you had a position consisting of 10 ES contracts in the futures market and the price of ES went up by $5, then your profit would be ($5 / $1) * $50 * 10 = $2500. If you had a position consisting of 1000 shares of SPY (S&P 500 ETF traded on the stock market) and the price of SPY went up by $1.50, then your profits would be ($1.50 / $1) * $1 * 1000 = $1500. Down Down Drive Letter and Directory Path Drive Letter: Each mass storage device directly attached to your computer (often called “drives”) is normally assigned a letter. Letters can also be assigned to specific portions of a storage device. Drive C, for instance, normally refers to the storage device (or part of a storage device) where the operating system for the computer is located. In operations involving the file system of the computer, the drive letter is used to designate which storage device the operation should be performed on. Directory Path: A list of directories (aka folders) separated by backslashes. Each directory in the list must be contained in the directory that precedes it in the list. The first backslash in the list is a reference to the root directory of the drive. If the directory path starts without a backslash, then the directory path is considered to start in the current directory of the drive. Filename Prefix and Path Name Filename Prefix: A string of characters given to a program for the purpose of generating a filename. The program will append additional items to the string of characters provided to generate the filename. The Chart Tool will typically add the market symbol, interval, and a date/time stamp to the filename prefix, depending upon what it is generating a filename for. Path Name: A text string comprised of a Drive Letter, a colon, and a Directory Path. It designates a specific directory on a specific storage device in the computer’s file system. Down Explore Editions Basic Edition A Solid Foundation for New Traders Dive into Supply & Demand trading with essential tools that streamline decision making. Explore Basic TA Edition Optimized for Traditional Technical Analysis Optimized for classic trading styles focusing on trend analysis and breakout strategies. Explore TA Standard Edition Advanced Features for Supply & Demand Traders Expand your analytical capabilities with more complex tools and customizations. Explore Standard Standard Plus Edition Comprehensive Tools for Serious Traders Leverage sophisticated analyses and patterns for detailed market insights. Explore Standard Plus Ultimate Edition Superior Capabilities for Advanced Traders Master the markets with our most powerful suite of trading tools and support. Explore Ultimate

Self paced exercises that will direct you to files & videos to help you quickly grasp how to use the Chart Tool.

1. Set -up 3 Feed Chart and apply different widths of settings to each feed. See video for instructions - https://youtu.be/yX8-OmKcQuA 2. Evaluate the different band widths for your trade plan/style.

1. Video for downloading and activating the file - https://youtu.be/hslu7XKu6tM