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NET Trader
NET Indicators Charting Tools Setup (v2008-10) PDF Print E-mail

These screen captures, settings and explanations are meant to be representative of the NET Indicator Tools.  However, due to  market conditions and other factors New Era Trader may alter so as to improve their usage and the various setting and charts below may be slightly out of date from time-to-time.

NET Fib Multi-Day (Used on 30-Minute and Higher Charts)

Overview
Draws a set of retracements from a specified date and time to the last bar on the chart, and automatically updates upon the close of the last bar on the chart.

With this tool you can:

  • Select a specific date to begin drawing retraces from
  • Select which fib retraces to draw
  • Set the color of retracement lines and text
  • Automatically remove retracements after they have been “taken out”

Sample

NET Charts

Inputs

NET Charts

FirstDate
Date to begin drawing retracement from. Date must be in the format of YYYMMDD. For example, November 23, 2008 would be entered as 1081123.

TextOffset
Date to begin drawing retracement from. Date must be in the format of YYYMMDD. For example, November 23, 2008 would be entered as 1081123.

AutoHide
Date to begin drawing retracement from. Date must be in the format of YYYMMDD. For example, November 23, 2008 would be entered as 1081123.

BuyColor
Color of retracement lines to use when retracements turn to buy retracements.

SellColor
Color of retracement lines to use when retracements turn to buy retracements.

Show40
True = show the 40% retracement. False = do not show the 40% retracement.

Show50
True = show the 50% retracement. False = do not show the 50% retracement.

Show60
True = show the 60% retracement.
False = do not show the 60% retracement.

Show80
True = show the 80% retracement.
False = do not show the 80% retracement.

NET Fib 2-Day and “NET Fib 5-Day (Used on 30-Minute Chart)

Overview
“NET 2-Day Fib” draws a set of retracements from the highest high to the lowest low of the last two days. “NET 5-Day Fib” draws a set of retracements from the highest high to the lowest low of the last five days.

With this tool you can:

  • Set the color of retracement lines and text
  • Automatically remove retracements after they have been “taken out”

Sample

NET Charts

Inputs

NET Charts NET Charts

BuyColor
Color of retracement lines to use when retracements turn to buy retracements.

SellColor
Color of retracement lines to use when retracements turn to buy retracements.

TextOffset
Number of bars to the left of the last bar on the chart to display the retracement value.

Show40
True = show the 40% retracement. False = do not show the 40% retracement.

Show50
True = show the 50% retracement. False = do not show the 50% retracement.

Show60
True = show the 60% retracement. False = do not show the 60% retracement.

Show80
True = show the 80% retracement. False = do not show the 80% retracement.

AutoHide
True = hide each retracement line once price has penetrated the line; False = do not hide the retracement lines. Note: This is very useful to remove retracements as price movement invalidates them.

NET Fib 1-Day (Used on 5-Minute 2 Day Chart)

Overview
“NET 1-Day Fib” draws a set of retracements from the highest high to the lowest low of the current day.

With this tool you can:

  • Set the color of retracement lines and text
  • Automatically remove retracements after they have been “taken out”

Sample

NET Charts

Inputs

NET Charts

BuyColor
Color of retracement lines to use when retracements turn to buy retracements.

SellColor
Color of retracement lines to use when retracements turn to buy retracements.

TextOffset
Number of bars to the left of the last bar on the chart to display the retracement value.

AutoHide
rue = hide each retracement line once price has penetrated the line; False = do not hide the retracement lines. Note: This is very useful to remove retracements as price movement invalidates them.

Show40
True = show the 40% retracement. False = do not show the 40% retracement.

Show50
True = show the 50% retracement. False = do not show the 50% retracement.

Show60
True = show the 60% retracement. False = do not show the 60% retracement.

Show80
True = show the 80% retracement. False = do not show the 80% retracement.

NET Crossover (Used on All Charts)

Overview
Draws the Crossover line (shown in red) and the crossover average line (shown in green) as one indicator.

With this tool you can:

  • Set the Overbought and Oversold levels
  • Automatically calculate and draw the correct moving average, which completely eliminates the effect of compressing the chart data
  • Set color and line style for all components
  • Set trend levels (62, 44)
  • Set set colors for Oscillator jammed condition

Sample

NET Charts

Inputs

NET Charts

OverBoughtClr
Color to use for Crossover Line when Crossover reaches a “Jammed Up” condition.

NormalClr
Normal color to use for Crossover Line.

OverSoldClr
Color to use for Crossover Line when Crossover reaches a Jammed Down condition.

AlertHigh
Generates an alert when Crossover Line crosses above this value.

AlertLow
Generates an alert when Crossover Line crosses below this value.

Show62_71
True = show the 62 level.
False = do not show the 62 level.

Show44_35
True = show the 44 level.
False = do not show the 44 level.

NET 30min Unis (Used on 30-minute charts only)

Overview
Draws selected Uni Channels on a 30-minute chart.

With this tool you can:

  • Select which uni channels to display on a 30-minute chart.

Sample

NET Charts

Inputs

NET Charts NET Inputs

ShowUpper_60
True = show the upper 6.0 uni channel. False = do not show the upper 6.0 uni channel.

ShowUpper_37
True = show the upper 3.7 uni channel. False = do not show the upper 3.7 uni channel.

ShowUpper_23
True = show the upper 2.3 uni channel. False = do not show the upper 2.3 uni channel.

ShowUpper_14
True = show the upper 1.4 uni channel. False = do not show the upper 1.4 uni channel.

ShowUpper_089
True = show the upper 0.89 uni channel. False = do not show the upper 0.89 uni channel.

ShowMidUni
True = show the mid-uni channel. False = do not show the mid-uni channel.

ShowUpper_089
True = show the lower 0.89 uni channel. False = do not show the lower 0.89 uni channel.

ShowUpper_14
True = show the lower 1.4 uni channel. False = do not show the lower 1.4 uni channel.

ShowUpper_23
True = show the lower 2.3 uni channel. False = do not show the lower 2.3 uni channel.

ShowUpper_37
True = show the lower 3.7 uni channel. False = do not show the lower 3.7 uni channel.

ShowUpper_60
True = show the lower 6.0 uni channel. False = do not show the lower 6.0 uni channel.

NET 5-min Mid-Uni (Used on 5-Minute Chart)

Overview
Draws the 5-minute Mid-Uni on the 5-minute chart.

No Inputs Available.

Sample

NET Charts

NET Daily Mov Avgs (Used on Daily and Weekly Charts)

Overview
Draws the 20-, 100-, and 200-period simple moving averages on the daily or weekly chart.

No Inputs Available.

Sample

NET Charts