ROY KELLY FLOOR TRADER 8.0 for Tradestation is available.

Price is 200 USD. It works with TS 7.2/8.0 and TS2000i.

Open Easy Language code is available for 900 USD.

Floor Traders Tools 8.0, developed by Roy Kelly, identifies tradable cycle tops and bottoms as they occur and generates buy and sell signals. Developed for any market and works very well on stocks and the S&P 500. The Floor Traders Tools indicators are fully automated, there is no need to point 'n click or move text around on your screen. These indicators do the work for you.

These indicators are dynamic and extremely powerful tools that can be used in TradeStation 2000i, or ProSuite, and TradeStation 6.0 and up. They work with any price chart, whether daily or intra-day, working with any market and any time frame. This includes stocks, bonds and the S&P 500. The charts illustrate the timing, trading power, and accuracy of the Floor Traders Tools. Each indicator page has a chart and description of the indicator and how it is used as part of the Floor Traders Tools timing methodology to trade and identify cycle tops and bottoms as they occur.

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This Package is the latest version and it includes the following indicators:

Kelly's Cycle Identifier.

The Cycle Identifier Indicator is a very powerful trading tool for identifying cycle tops and bottoms as they occur. The combination of the Cycle Identifier, Cycle Turn Point, and Cycle Forecaster indicators are used to trade the markets cycle bottoms and tops, and to confirm trend reversals.

The chart above shows the Kelly's Cycle Identifier in the lower sub-graph and the Cycle Turn Points on the price bars, and is shown by the red and magenta dots. In rare occasions the Cycle Identifier and the Cycle Turn Points do not line up. The reason is the Cycle Turn Points are working from the lowest low or highest high at a cycle pivot point. The Cycle Identifier is working from pattern recognition.

The Cycle Identifier identifies a cycle top with a spike up "peak"; a cycle bottom with a spike down "valley". This indicator is not oscillator based; rather a mathematically based cycle pattern recognition identifier that when combined with the Timing Bands, and other indicators in The Floor Traders Tools, becomes a very powerful method of trading.

The Cycle Identifier may look like the Holy Grail, and it is for those who use it correctly. In a few cases it can back adjust to eliminate the last plot if it is a "phantom" point. These phantoms can be greatly reduced by trading it in the direction of the next longest time frame with the dominate cycle. Depending upon the market and time frame, 75 - 88% of the cycle tops and bottoms are identified by the first peak/valley. This is a leading indicator, and often indicates a cycle top or bottom before any other indicator available. Accuracy is greatly increased when trading in the direction of the trend and when combined with Timing bands, Retracements, and other indicators in the Floor Traders Tools. As with any indicator the accuracy is increased by trading it in the direction of the trend. It is not wise to fade the market in a uptrend or buy the market in a downtrend.

One of the techniques for identifying the most significant tops and bottoms used with the Cycle Identifier is to plot a longer term and a shorter term Cycle Identifier. The new Cycle Identifier plots both automatically. The shorter term plot is plotted in the lower sub-graph as dark gray; the longer term is the red line in the middle of the spike. These points are the most significant highs and lows. It is this combination of these two cycles, a major and intermediate, that identifies a possible major reversal in the market. The most tradable tops and bottoms are in the direction of the trend on a retracement during a Timing Band.

Auto Forecaster.

The Auto Forecaster bands forecast like timing bands. Unlike most timing bands, these work from price recognition rather than averaging a number of bars from an oscillator. In real-time it determines where tradable cycle tops or bottoms are most likely to occur during a band. They do not show up for every cycle top or bottom, as not all cycle tops or bottoms are tradable. If it does not plot a band during a cycle high or low, this does not mean that those cycles have no value, only that the indicator does not recognize them.

Price highs and lows occurring in the Bands are often accompanied by the Cycle Identifierâ„¢ high/low. In real-time these bands appear on the chart when a top and/or bottom is about to occur.

This chart shows the use of the Auto Forecaster and the Cycle Identifier to help identify cycle tops and bottoms. The lower panel shows Real Time Automatic Bands that occur as Auto Forecaster determines when a cycle top and/or bottom is due. In this example, the program suddenly plotted a green Band to indicate a top was about to occur within it. Following the top, Auto Forecaster plotted the red Band to indicate a bottom is due to occur within it.

Cycle Turn Points.

Identifies cycle highs and cycle lows, which represent a change in price or percent greater than a minimum predetermined move. It was designed to clearly show cycle tops and bottoms. It will also show major cycle highs and lows. The indicator can be superimposed on the price chart or plotted in a separate sub-graph. It can also find all cycles, past and present. In both rising and declining markets, prices often trade around Fibonacci Retracement levels. When combined with the timing of cycles or swings, these retracements become significant price levels of support or resistance that are frequently followed by a Cycle Turn Point and entry signal.

Cycle Turn Points will show cycle tops and bottoms and/or swing highs and lows depending upon how it is set up. It can identify historical cycles, and current cycle swings. Cycle Points show the cycle tops and bottoms with colored dots that display at the tops and bottoms. This identification of a bottom is used to begin the Timing Bands for the approximate cycle bottoms.

The chart above shows the Filtered Waves channel, and Cycle Turn Points. Any one of the three cycle bottoms could have been bought and would have been a profitable trade. As the market moves up, the Filtered Waves show the direction of the trend. When the price retraces down to the bottom line, and a cycle bottom forms, this is usually the best place to enter a trade.

Filtered Waves.

The Dynamics of this indicator is quite complex. It analyzes past data to determine the Elliott wave patterns, degree of retracements and then calculates the Standard Deviation for the overall direction of the current trend.

The Filtered Waves trend channel shows the trend is up, indicating only mechanical buy signals should be taken. This chart illustrates the use of the Filtered Waves trend channel with the Cycle Identifier and Cycle Turn Points.

Trading with cycles will lower one's dollar risk. In general, a protective sell stop would be placed below the last cycle bottom from where the trade was entered. Each trade was followed by a substantial move up to the next cycle top indicated by the Cycle ID and/or Cycle Turn points.

Fibonacci Retracements.

In both rising and declining markets, prices often trade around Fibonacci Retracement levels. When combined with the timing of cycles or swings, these retracements become significant price levels of support or resistance that are frequently followed by a Cycle Turn Point and mechanical entry signal.

The magenta and red dots at the cycle highs and cycle lows is the Cycle Turn Points. The colored dots show the Fibonacci Retracement levels on the chart. The actual retracement numbers show in the Data Window when the crosshairs are clicked below, or on, the Fibonacci dots. Floor Traders Tools automatically calculates four Fibonacci Retracement levels for cycles and high amplitude swings. The Fibonacci levels are indicated by four colored dots on the chart. Simply click the crosshairs on the colored dots, and the exact prices of the Fibonacci Retracements show in the Data Window.

Fibonacci Extensions

The markets make Fibonacci Extensions from cycle swing points. These Fibonacci Extensions are used and capitalized upon by experienced traders.

Fibonacci Extensions from cycle bottoms and tops have been a part of cycle analysis for over 90 years. A successful trader will use Fibonacci Extensions combined with trading cycles and major longer-term cycles. This point 'n click Fibonacci Extensions indicator calculates the exact prices from cycle bottoms and tops. Using the relationship between cycles and Fibonacci Extensions most traders are looking for a minimum of a 38% Extensions before considering a buy or sell setup based on the formation of a new cycle bottom or a new cycle top. This is the only Point 'n Click indicator in the Floor Traders Tools. All the other indicators in the Floor Traders Tools are fully automated.

Auto Trend Lines.

These Trend Lines are fully automated and can be programmed for user preference.

Auto Trend Line Up is showing resistance. The Auto Trend Line Down is indicating a breakout to the up-side and shows the Profit Target. This breakout often has the potential for being a good trade.

The automatic trend line indicators, "Trend Line Up" and "Trend Line Down" automatically plot a trend line from right to left through recent swing high or swing low points of a selected strength. They keep track of the price relative to the trend line, and when the price breaks through the trend line, a determination is then automatically calculated to see if the breakout is qualified. If the trend line breakout is confirmed, a Green cross is plotted above the down trend line breakout bar and vice versa. If there is a breakout that does not qualify, the program will plot a Yellow cross. Most traders wait for a close above or below the trend line to make the trade. The trend line continues until a new pivot is determined. Once a breakout occurs the indicator will automatically plot a predetermined target for you. You simply put the target price in the input ahead of time, and it will automatically show you the target. If the Alert option is set to "on", the program will also signal the breakout in an Alert window.

Accumulation/Distribution

Based on volume, the standard Accumulation/Distribution is a favorite of stock traders. The Floor Traders Toolsâ„¢ Accumulation/Distribution is based on price, and yet, it is evaluated the same as a normal Accumulation/Distribution line. Oscillators provide timing levels with the Accumulation/Distribution line crossing over or under the zero line.

As with the standard Accumulation/ Distribution indicator, when it is above the zero line, cycle bottoms can be bought; when it is below the zero line, cycle tops can be sold. You can see that it does not matter whether the Accumulation/Distribution is moving up or down. As long as it is below the zero line, the cycle tops can be sold. If the Accumulation/Distribution is above the zero line, then the cycle bottoms can be bought.

Swing High/Low

Swing High/Low study plots colored dots above swing highs and below swing lows. Useful for Gann and Trend Lines.

Dynamic Stops.

These stops are dynamically adaptive and fully automated; designed to keep you in the market longer with limited risk, allowing for bigger and more profitable moves. They will forecast the stop for the next bar before it forms.

These trailing stops give a fixed stop about half a point below the last cycle low or above the last cycle high, allowing the market room to breath before it moves. This shows where the maximum stop should be placed, and should be the greatest risk one would take. If the market should whipsaw a little the trader won't get stopped out, as happens with most trailing stop indicators. This indicator does all the work for you. It calculates out the best place to start the trailing stop. After entering a trade you would place a fixed stop, then after the market moves the trailing stop starts to plot and you would raise your stop and continue to do so until you take profits or get stopped out. It has the capability of being used manually; however, it is fully automated and there is no need to point 'n click or move text around the screen.

There are two ways of viewing the stop, by using the Expert Commentary and clicking on the last bar, or by using the Cross Hairs and clicking on the bars you want the stop for and viewing it in the Data Window.

Cycle Timing

This one shows where a tradable cycle may occur by painting the price bars before the cycle happens. This study does not show every cycle, only the ones that it recognizes as tradable.

Price Exhaustion.

Shows support and resistance at the end of most market runs. After the market has run its course, and runs out of momentum, this shows the areas where the market should turn.

This indicator works two ways; by showing support, and resistance, at Exhaustion points. The price will often break through the Exhaustion line a little, and then reverse. In the chart shown above, the market tested the first cycle bottom. Then the price moved up, and then sold off moving down, and the price re-tested the bottom at the second cycle low. The market then finds support around the exhaustion level and moves upward from there.

In the chart above, an aggressive trader could have bought the first bottom, and it would have been a profitable trade. By selling the first cycle top the market would have sold off from there resulting in a profitable trade. The most common trade would have been to buy on the second cycle bottom when the market tested the support line again.

Kelly's Trident.

This indicator establishes price balance points, profit targets, stops, and entry price.

Kelly's Expert.

This indicator is good for showing long-term trend and helps to identify trend reversals.

Different than most overbought/oversold oscillators, this one does not get stuck in the overbought/oversold position very often. When the price moves into the overbought/oversold areas and a major Cycle ID occurs, the market usually reverses. Divergence is much easier to see with this study than other overbought/oversold indicators. If the Alert option is "on" the Alert will sound when the oscillator price crosses over or under the overbought/oversold lines. This indicator is a favorite among stock traders.

Please read manual to get more information.