Utilizing the powerful scanning capabilities of TradeStation's RadarScreen^TM platform, this set of tools enables you to efficiently scan your favorite list of stock and futures symbols for an important trend trading setup: a pullback in an established trend. This can be a very profitable signal, as frequently the bars immediately after a Pullback Signal will extend the existing longer-term trend, often duplicating the length of the prior trend move.

The Arps Trender Pullback Tool Set consists of a charting and a scanning version of the Arps Trender Pullback study. In the charting format, the Pullback study will identify price bars that penetrate but do not close outside of the Arps Trender. In the RadarScreen scanning version, color-coded cells display the number of bars since the last Pullback signal, along with the direction of the established trend.

In the charting version, Pullback bars within a bearish trend are identified on the chart with a red dot plotted directly above the bar. Pullbacks within a bullish trend are identified by a blue dot plotted below the bar. These pullbacks signals often represent excellent entry points anticipating continuation of an existing trend.

To learn more, Click on the PDF document link below for a complete description of the tool set, along with examples of how to trade with it.

Please Note: Neither the Arps Trender or Triple Trender are included in this set of tools nor are they required to run the Trender Pullback study. However, it is highly recommended that the Pullback tool be used in conjunction with the Arps Trender or Triple Trender to effectively view and analyze the Pullback signals.

Arps Trender Pullback Scanning Set of Tools