V.15:14 (582-583): Quick Scans: ASCTrend 1.05 by John Sweeney
Product Description
ASCTrend 1.05 by John Sweeney
AbleSys’s ASCTrend gets very good press from its users, but it’s a tough product to evaluate. ASCTrend is a package of two trend indicators and two trend-stop indicators — all of which are completely undisclosed.
The indicators are designed to run with Omega Research’s TradeStation or SuperCharts platforms, and you load them into your indicator library via the usual procedures (you don’t load them as Omega “systems”). Once they’re invoked, you get something similar to Figure 1. Looking at this figure, you’ll notice that a lot of the information is in the colored bars, which are called Paintbars, and the dots, which are called Trend-Stops. Blue bars indicate a rising trend and red bars a declining trend. The bars display the ASCTrendUP and ASCTrendDN indicators. Above or below the bars, you can see the estimated stop points, here loaded as two more indicators. The sensitivity of the indicators can be adjusted by the user.
AbleSys’s ASCTrend gets very good press from its users, but it’s a tough product to evaluate. ASCTrend is a package of two trend indicators and two trend-stop indicators — all of which are completely undisclosed.
The indicators are designed to run with Omega Research’s TradeStation or SuperCharts platforms, and you load them into your indicator library via the usual procedures (you don’t load them as Omega “systems”). Once they’re invoked, you get something similar to Figure 1. Looking at this figure, you’ll notice that a lot of the information is in the colored bars, which are called Paintbars, and the dots, which are called Trend-Stops. Blue bars indicate a rising trend and red bars a declining trend. The bars display the ASCTrendUP and ASCTrendDN indicators. Above or below the bars, you can see the estimated stop points, here loaded as two more indicators. The sensitivity of the indicators can be adjusted by the user.
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