ROY KELLY FLOOR TRADER Tools, Trend Pro and Advanced Moving Average for Esignal

Price is 250 USD.

Open EFS code is available for 1000 USD.

Floor Traders Tools and Trend Pro, 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.

The Advanced Moving Average is a very unique moving average, as it can lead the price action. It originally designed as a filter for the Kelly's Cycle Identifier. When the Advanced Moving Average cups the price, this usually indicates that the cycle top or bottom has become more tradable.

These indicators are dynamic and extremely powerful tools that can be used in Esignal's software. 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 these Tools.

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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, Trident, and Filtered Waves indicator are used to trade the market 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 Major Cycle is shown by the red spike. In rare occasions the Cycle Identifier and the Trident do not line up. The reason that is that the Trident indicator is 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 Filtered Waves, 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. Much like redrawing Trend Lines, or Swing Points. 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 shown by the Filtered Waves, and working in combination with 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, based on the direction of the Filtered Waves.

Accumulation/Distribution

Based on volume, the standard Accumulation/Distribution is a favorite of stock traders. The Floor Traders Tools 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.

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.

Filtered Waves

The Dynamics of this indicator is quite complex. It analyzes past data to determine the Elliott wave patterns, the 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 Trident Cycle bottom #1 shows a major cycle bottom. It is identified by the major Cycle Identifier (the red spike in the middle of the cyan valley) and Trident Cycle Turn Points. This low could have been bought by an aggressive trader.

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 Trident Turn Point and mechanical entry signal.

The colored lines show the Fibonacci Retracement levels on the chart. The actual retracement numbers are shown on the chart at each line. Floor Traders Tools automatically calculates four Fibonacci Retracement levels for cycles and high amplitude swings.

Fibonacci Extensions

The markets formulate Fibonacci Extension numbers from cycle swing points. These Fibonacci Extensions are used and capitalized upon by many 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% Extension 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. This breakout often has the potential for being a good trade. These are not your normal trendlines; rather are built differently than standard ones, and are more dynamic to price action.

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. 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.

Kelly's Expert

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

This indicator is different than most overbought/oversold oscillators in that this one does not get stuck in the overbought/oversold position as 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. This indicator is a favorite among stock traders. With a low value input setting in the indicator, it becomes a custom CCI for shorter term swing trading.

Aggressive traders would buy or sell a major cycle top or bottom when the oscillator is in the overbought/oversold position.

Swing High/Low

Swing High/Low indicator plots colored dots above swing highs and below swing lows. This indicator is useful for Gann and Trend Lines. Many traders use this indicator to help show overall direction of the current trend.

Kelly's Trident

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

It plots a dot at the top and bottom of tradable turn points, filtering out the untradable swings. It automatically calculates the profit target, stop, and balance points on the chart. A Balance point is where the market is most likely to reverse. This helps in determining whether cycles are tradable or not. If there is very little price movement, it would be prudent to stay out of the market. If the range becomes greater, it will allow the trader to maximize profits and stay in the trade longer.

Cycle Timing

This indicator 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.

Floor Pivots

This is good indicator that shows where the floor traders are buying and selling and I use it to help show where the tops and bottoms are usually forming. Notice how the price bounces off S1 and then rallies up a little to the pivot area, and then sells off down to S1. Then the price rallied up to R1, sold off R1 back down to the floor pivot area, reversed and rallied up to R2, and then sold off to the R1 level.

This is a floor support and resistance indicator that works on tick charts, as well as any other intraday time frame. It also plots the number and the name of the area the line represents. Pvt is the Floor Pivot, R1 is Resistance level one, and S1 is Support level one. This is the only floor and support indicator, that I know of, that will work on tick charts. The floor and support areas are where floor traders in the pits are doing most of their buying and selling; therefore, they are watching these areas very closely.

This becomes an even more powerful indicator when combined with the Trendicator and Kelly's Cycle Identifier. When the price is at a floor support or resistance area, and the Kelly's Cycle Identifier spikes, followed by the Trendicator reversing direction, there is usually a reversal in price occurring. This is usually a good entry area to catch a major reversal in market direction.

Advanced Moving Average

The Roy Kelly Advanced Moving Average (Advanced MA) was one of the first (and best) indicators he has designed. Although the Advanced MA works great as a stand-alone indicator, it was originally developed to help filter the trades called by the Kelly?s Cycle ID. It leads the price action, and when it cups the price at a cycle low or high, these cycles are usually more tradable.

The Advanced MA leads the price and moves faster than the Linear Regression Curve. The Advanced MA can reach a greater amplitude than the Linear Regression Curve; thus, making the Advanced MA a more reliable, stronger, and better indicator.

TrendPro Trend

Two Smooth

Trend Pro Stops

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ROY KELLY FLOOR TRADER Tools, Trend Pro and Advanced Moving Average for Esignal are available.