ninjatrader.

com

Simple Rates.
Clear Savings.
Deep Discount Commissions
as low as $.53 per contract.

View Commissions at ninjatrader.com/Commissions

You Know our

Award-Winning Platform.
Get to Know our
Next Generation Brokerage.
NinjaTrader Brokerage equips
traders with unmatched benefits
including exclusive advanced platform
features, single source support and
deep discount commissions.

Go Direct to the Source.

NinjaTrader Brokerage.
 Stocks & Commodities V. 33:06 (89): Letters to S&C by Technical Analysis, Inc.

Author Dave Cline replies:

The editors of S&C invite readers to submit their opinions and information on subjects
Do you have access to the website
relating to technical analysis and this magazine. This column is our means of communica-
www.quantopian.com mentioned in the
tion with our readers. Is there something you would like to know more (or less) about?
article? There, you will find a pair of
Tell us about it. Without a source of new ideas and subjects coming from our readers,
Python-coded algorithms you can use
this magazine would not exist.
for free after you create an account on
Email your correspondence to Editor@Traders.com or address your correspondence
the site. If you can access that site, we
to: Editor, Stocks & Commodities, 4757 California Ave. SW, Seattle, WA 98116-4499. All
can share the information regarding
letters become the property of Technical Analysis, Inc. Letter-writers must include their full
how and why long or short trades can
name and address for verification. Letters may be edited for length or clarity. The opinions
be initiated using the code discussed in
expressed in this column do not necessarily represent those of the magazine.Editor
the article. If you cannot access the site,
let me know and Ill try to explain the
process by email.
CODE FOR SLOW RELATIVE 2. Has he programmed the SRSI into
STRENGTH INDEX? Excel and if so, does he sell this GANN SQUARES & ELLIOTT WAVES
Editor, as a download? I would also like Editor,
Thank you for Vitali to ask if he would be able to add a I enjoyed Pauline Novak-Reichs article
Apirines article in the default moving average of the SRSI on Gann squares (Squares & Waves,
April 2015 issue (The into the last column. I am a posi- Stocks & Commodities Bonus Issue).
Slow Relative Strength tion trader and would probably use I had combined the Gann square into a
Index) and for his great an eight-day EMA instead of the charting workbook that allows me to plot
idea. I trade the S&P emini using Mul- six-day EMA used in the article. the time and price against the underlying
tiCharts and hope that the author can security. This is just an invaluable market
provide the code for his idea in Easy- Thanks for a great article. timing tool.
Language for the slow RSI. Mike Taday Ron McEwan
John Bond
Author Vitali Apirine replies: Editors note: Ron McEwan has contrib-
Author Vitali Apirine replies: Thank you for your questions. Ill ad- uted many articles to this magazine in the
Thank you for your letter. Unfortunately, dress each: past, most recently Inflation-Adjusted
I am not currently working in Multi Market Returns in our 2014 Bonus
Charts. I am working in MetaStock and 1. The slow RSI (SRSI) is a new indica- Issue. For a list of his other articles,
writing MetaStock code (see code listing tor, so I dont think it is available for readers can visit our complete author
below). I hope it is close enough to the Worden TC2000. archive at http://technical.traders.
language that MultiCharts can read to com/archive/combo/authorlist.asp (or
be useful to you. 2. I have attached calculation examples go to our homepage at www.traders.
in Excel for both six- and eight-EMAs com and then from the home button,
MetaStock code for slow RSI (SRSI) SRSI. [Editors note: We are making click on complete author archive in the
Vitali Apirines Excel file available dropdown list).
CL:= Security(".DJI",C);
R1:= Mov(CL,6,E); at our website, www.traders.com, in
R2:= If(CL>R1,CL-R1,0); the Article Code area as well as at SQUARES & WAVES
R3:= If(CL<R1,R1-CL,0); the following webpage: http://traders. Editor,
R4:= Wilders(R2,14);
com/files/SRSI.xml.zip.] Thank you to Pauline
R5:= Wilders(R3,14);
RR:=If(R5=0,100,100-(100/(1+(R4/R5)))); Novak-Reich for carrying
RR; CANDLESTICKS, CONDENSED out her research work on
Editor, the square spiral. I think
MORE ON SLOW RSI I just read the article Can- her (and Trevor Caseys)
Editor, dlesticks, Condensed by findings are definitely a significant step
I read Vitali Apirines article in the April Dave Cline in your Febru- forward in understanding the causes of
2015 Stocks & Commodities, The ary 2015 issue. Im very markets behavior, as described by W.D.
Slow Relative Strength Index. I have interested in it, but I cant Gann. There is clearly a tendency of
two questions for the author: understand how we are to generate buy major market reversals occurring near
or sell signals using this strategy. How the 360-degree angle of the spiral.
1. Is the slow relative strength index do we use this strategy to make deci- However, I believe there is still a key
(SRSI) introduced in Apirines ar- sions about whether the market will go element missing in making this method a
ticle available on Worden Brothers up or down? practical tool for forecasting. As claimed
TC2000 platform? Ruwan Buddhika by W.D. Gann himself (which he stated

Copyright Technical Analysis Inc. www.Traders.com

 Stocks & Commodities V. 33:06 (89): Letters to S&C by Technical Analysis, Inc.
he figured out from the Bible), the key
is to knowing which cycle is going to
be repeated ... as if we start right, we
end right.
Id like to put a question to her: In
her research work, has she found a way
of forecasting which cycle to take as a
starting point and which spiral diagonal
number to take as the end point? That is,
which of the 360-degree line numbers
will become a reversal point? For
instance, the eastern diagonal has the
following numbers: 6, 19, 40, 69, 106,
and so on, so which of these should be
used as the reversal point? In addition,
from what point do we count the start of
the cycle (or wave)?
Dmytro
Author Pauline Novak-Reich replies: of her article. I publish the Weekly
The number that will mark a total rever- Planets newsletter, which is about Vedic
sal is the one that is 360 degrees away. astrology. The things I am studying are
When studying Gann, we are looking very related to her subject.
at the angular positions of swings, not R. Cowper
numbers per se. You can make long-term
projections if you follow the alignment Thank you for writing. Note to readers:
rules. There are only one or two potential Author Pauline Novak-Reich is sending
turning points. Ill look at 2016 when the out her Excel file to individual readers
current wave C unfolds further. upon request.
SQUARES & WAVES
Editor,
Thank you for Pauline Novak-Reichs
article on the square of nine (Squares
& Waves, S&C Bonus Issue). I would
like to request the Excel file of the square
of nine, which is mentioned at the end
Copyright Technical Analysis Inc. www.Traders.com
 BREAK FREE
FROM HIGH BROKER FEES

ade against
We do not trorders, nor
your stock ur orders to
o
do we sell yto handle
others

Keep more of whats yours with our low cost platform

for professional traders, investors and institutions.

Interactive Brokers Interactive Brokers Interactive Brokers

Commissions are: 1
Financing Rates are: 1 Executions1 are:

64-89% 78% Stocks:

better than
lower than
Charles Schwab
lower than
Charles Schwab
14 the industry
per 100 shares

TDAmeritrade
ETrade
TDAmeritrade
ETrade
Options:
17
better than
For 100 to 1000 shares and For a margin loan of the industry
1 to 10 option contracts $50,000 to $1,000,000 per contract
First Half 2014*

Interactive Brokers ibkr.com/iwantmore

LOWER YOUR COSTS TO MAXIMIZE YOUR RETURN

stocks options futures forex bonds on over 100 markets worldwide from one account
Interactive Brokers is a member of NYSE, FINRA, SIPC Lower investment costs will increase your overall return on investment, but lower costs do not
guarantee that your investment will be profitable. Supporting documentation for any claims and statistical information will be provided upon request.
Commissions and Margin Rates as of December 9, 2014. Services vary by firm. [1] For additional information on our commissions and margin rates
and execution quality, see www.interactivebrokers.com/compare. * Based on independent measurements, the Transaction Auditing Group, Inc., (TAG).
02-IB15-857CH855
 .com
Silly Name. Serious Stock Picks!

Start your free 30 day free trial today at

GorillaTrades.com/sc
Take Control of Your Trading with the
Professional Traders Starter Kit

*Based on the 5-year subscription rate of $299.99. Shipping extra for foreign addresses.

The Foremost Collection For Traders
This massive collection packages the best tools for trading and
investing in any market!
1. Technical Analysis of Stocks & Commodities, the Traders
Magazine. The premier magazine for technical analysis.
Youll get five years 65 issues including our annual
Bonus Issues with our Readers Choice Awards.
2. S&C Digital Edition. Recent complete issues available in their
entirety as PDFs for you to either download or read directly
in your browser. No more waiting for the mail to deliver your
magazine! You will still receive the printed magazine unless
you opt for a digital-only subscription.
3. Complete Digital Archive. The complete archives as PDFs
more than 17,000 pages from Technical Analysis of
Stocks & Commodities from 1982 through the present. The 7 . Optimized Trading. The optimized indicator values can be
articles can be read in your browser or download to your
computer (or any device with Internet
access and the ability to read a PDF)!
4. Traders.com Advantage, premium website content
delivering real-world technical analysis to you! Youll get five
years of charts, indicators, and how-to advice for specific
markets, currencies, stocks, and commodities; near-term
opportunities; price movement; new techniques. Posted in
real-time with an archive of thousands of articles.
5. Working Money, the Investors Magazine online. Youll get
five years of market observations; explanations of charts,
markets, and market sectors; money management; and
interviews with money people that will help you trade and
invest wisely. Articles added several times a month.
6. Article Code. Download or copy & paste code presented in
past issues of Stocks & Commodities no need to type it
out manually.
used as starting points when trying to decide what values
to input into your charting software. Search for a certain
symbol or company or build your own portfolio.

ALSO RECEIVE A FREE BOOK

WITH YOUR PTSK ORDER!
Charting The Stock Market: The Wyckoff
Method, edited by Jack K. Hutson, is yours Online: www.TRADERS.com
free with your order for the Professional Toll free: 1-800-832-4642
Traders Starter Kit. 206-938-0570 Fax: 206-938-1307

Shipping and handling charges apply for foreign orders.
Email: Circ@Traders.com
Join us on Facebook at www.facebook.com/STOCKSandCOMMODITIES Follow us on Twitter @STOCKSandCOMM