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| Group: Tradestation Indicators |
| Title: Seasonal SB - Short by John Momsen |
| Description: For Traders' Tips this month, I have taken the seasonal soybean strategy presented by John Momsen in "Seasonal Trades And The Channel Breakout System" and recreated an accompanying indicator that displays the different levels that are defined in the strategy. Specifically, the indicator uses plots to display the entry stop, profit stop, and protective stop levels. This indicator is designed to be applied to a chart in combination with the seasonal soybean strategy, since it references the current market position when plotting the values on the chart.
The indicator, called "seasonal SB -- short," is only active during the timeframe specified in the original seasonal soybean strategy. When entering the timeframe, the entry stop level will be displayed on the chart. Once a position is entered, the entry stop is no longer displayed and the indicator instead displays the profit stop and the protective stop levels. When the position is closed out, the indicator again begins to display the entry stop value until the end of the timeframe. By displaying the important strategy entry/exit levels, this indicator provides seasonal traders with a visual point of reference of their open position status.
Below is the EasyLanguage that
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| Author/Source: John Momsen
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