Forex Trading Software Manual

CHAPTER 1
An Introduction to TopGun Software

CHAPTER 2
TopGun Software Installation and Setup
How to Use the Acuity Workstation Toolbar
How to Use Layers to Multiply Your Trading Workspace

CHAPTER 3
How to Setup a New Chart
How to Modify an Existing Chart
How to Setup / Modify / Delete Chart Studies
Descriptions of Chart Studies
How to Use Our Drawing Tools
How to Link Your Charts to Quote Sheets and Hotlists
How to Multilink Multiple Charts to a Hotlist or Quote Sheet

CHAPTER 4
How to Use Our Advanced Quote Sheets
How to Select Which Fields You Want on Quote Sheets / Hotlists

Introduction

Dear LeverageFX Users:

We are pleased and excited to introduce you to our leading edge Forex trading platform. This new software will help you identify profitable trading opportunities faster than you have ever been able to before. In just a few seconds, TopGun Software will show you which currencies are the strongest and weakest to find high probability trades. Very quickly you will see that we have solved many of the annoyances you may have with other trading platforms.

Many traders tell us they just don't have enough screen real estate to show everything they need to look at so put in a layer feature that can multiply your workspace by 10X times. Create a layer for daily charts, one for weekly, hourly, 5 min and tick charts. You get the idea. The applications for this technology are as limitless as your imagination.

TopGun Software Installation and Setup

Click Here to go to our software download page and obtain our latest version. Then click the Install button and when finished you will see two new icons on your desktop.









Click Here -->




		<-- Then click Install
		<-- Then click Install

Click on AWS eSignal icon on desktop to bring up TopGun

Type in your eSignal login and password. Contact your Forex broker when your live account is setup and funded.

FXDD Users	FXOPP0xxx	(first 5 characters are letters then numbers starting with a ZERO)
Velocity4X Users	VELOCITY4Xxxx

How to Use the Advanced Workstation Toolbar

Chart	Click on our Chart button to load and configure a new chart.
Quote	Click on our Quote button to load a quote sheet of your favorite stocks.
HotList	Click on our HotList button to find some of the best trading stocks.
Load	Click on our Load button to open a saved workspace.
Save	Click on our Save button to save your workspace.
1	The buttons 1, 2, 3, ..... 10 are our layers feature. When the button is out the layer is visible, when pushed in it is hidden. Read below for more information on how to set charts to various layers.
2
3
4
etc
H	The orange H key is to get help and support. Live text chat and remote desktop assistance.
Click Live Help to get answers to your support questions.

	To get remote desktop assistance click Connect, IP address will already be filled in.

How to Layers to Multiply Your Trading Workspace

1	Layers 1 through 10 - TopGun Software offers up to 10 layers to put your charts, quote sheets or hotlist scans. When layer is out it is visible, when pushed in it is off. The last layer you show may cover an existing layer. Many traders use layers to see more charts, watch the same symbols in different time frames, or have have their main charts full screen for easier trading. You can also setup layers to separate the types of trades you do, daily and weekly charts for swing trades and 5 min and 35 tick charts for scalping.
2
3
4
... 10
	Example 1: All layers are visible


	Example 2: Layers 1,2,3, and 4 are visible - Layers 5 through 10 are hidden.

How to Setup a New Chart

Symbol

Enter the symbol of the stock you would like to see in the chart. eSignal puts A0-FX (ZERO) after the currency!

Normal Symbol	eSignal Symbol	Normal Symbol	eSignal Symbol
EUR/USD	EUR A0-FX	EUR/GBP	EURGBP A0-FX
GBP/USD	GBP A0-FX	EUR/JPY	EURJPY A0-FX
USD/JPY	JPY A0-FX	GBP/JPY	GBPJPY A0-FX
USD/CHF	CHF A0-FX	EUR/CHF	EURCHF A0-FX

Bar Size

Select the intraday time frame (Most common are 1, 3, 5, 15, 60) or select Daily,Weekly, or Monthly
We also support tick charts. Many of our Forex traders use 35 tick, 100 tick, 300 tick and 1,000 tick.

Bar Type

Select which type of chart you would like. Many people find on white background charts, the candles look better when you frame the candle. If you choose this option, make sure to change the candle wick to black or some other dark color.

Filter

Select this to have us remove abnormal prices from the chart. Unselect if you would like to see exactly what the data provider sends. Many stocks have bad ticks and we recommend leaving Filter selected.

Grid Lines

Here you can select or unselect horizontal and vertical grid lines from the chart. Last Price Line draws a horizontal line at last traded price horizontally across the chart.

Scaling Options

To Chart Data Only - Click to scale based on price data only, which disregards indicator prices or levels. If your indicators or studies scale your bars or candles too small try this setting.
To All Chart Objects - This is the default setting. This scaling option uses not just price data but also values from indicators or studies in scaling your chart.
To Price Range - You may also select the price range you would like to scale chart to by clicking here and entering Max and Min Price you wish to scale chart to. This option now lets you select a certain percentage over and under today's range so you can see upcoming support/resistance levels and Fibonacci Levels!! To use this new feature put in 10% or 20% for the max and min price range. If the range visible on chart is 100 pips 10% will add 10 pips higher to the chart and 10 pips below the low giving you a view of upcoming possible reversal areas in the market!!
To Today's Range - We added this for stocks which gap up/down a large percentage. When this happens it usually makes the current day's candles/bars too small to see. Choosing this option fixes this.

Style

Use this option to select previously saved chart styles. All chart styles you save will be visible when you click the drop down box.

Window Size

This option lets you select the exact size of your new chart in pixels. This allows you to perfectly size charts to fit your monitor. For example if you have 1600 x 1200 resolution you can put sixteen 400 x 300 charts on your screen or nine 533 x 400 sized charts.

Window Layer

You can select which layer you wish to put this chart. If you select a layer which is not currently visible you will not see this chart until you turn that layer on.

Max Refresh Rate

This lets you set how frequently each chart will refresh. The default is 400ms which means the chart will update 2.5 times a second. If you have a slow computer or have up more than 30 charts you may want to set this to 500 - 1,000. If you experience CPU issues, changing this from 400 to 600 will cut CPU usage in half.

Filter

eSignal data is made up of 150+ banks and dealers. You can dramatically clean up the look of the charts by using our tick filtering. You can select banks/dealers with less than or equal to a 3 pip spread or filter by which banks you want your chart to be made up of.

We recommend selecting FXDD,COES,HOTS

Click OK when you are ready to load a chart with your desired settings.

And below is an example of what your chart will look like in black or white (candles framed). The bottom white chart was zoomed in to show the frame candle option. Use + and - to zoom in and out.

Now Click Here to see how to add studies and indicators to your chart.

How to Modify an Existing Chart

Here is an example of the EUR/USD using our Buy/Sell Pressure Tool.
	Right Click in chart to bring up Settings Dialog box as seen above.
Chart Settings	Select Chart Settings to add studies and indicators, adjust symbol, type, grids, scaling, and filtering of chart. Click Here for descriptions of available studies and indicators.
Space Between Bars	Determines how many pixels are between each bar (1 to 6). You may also hit the + (Plus) or - (Minus) keys to zoom in and out.
Bar Width	You may also hit the + (Plus) or - (Minus) keys to zoom in and out.
Set Hotlist Rank Option	If chart color (circle in upper right hand side) is any color except black you can automatically link symbols from hotlists to your charts. The hotlist must also be same color. Click here for more information. This feature is mostly for our Stock Traders.
Set Window Layer	To move this chart to another layer select 1, 2, 3, .... 10. Please note if the layer you send this chart to is hidden the chart will disappear until you make that layer visible. To Show/Hide Layers push that layer number on our toolbar. If button is out that layer is visible, if the button is pressed in than that layer is hidden. Caution: Many first time users will hide a layer, for example layer 1, but then setup a new chart and the default layer is 1 so they then wonder where their chart is!
Refresh Chart	This will refresh the chart. If you are using our buy/sell pressure S option you would select this to refresh all of the swing highs/lows you set.
Reload Chart	Downloads data again and will get rid of bad ticks if you are using our bad tick Filter.
Load Style	Quickly load a previously saved chart. Many traders use this feature to flip to charts with different indicators.
Save as Style	Once you put all of the indicators you want on the chart you can save this chart to a chart style to make loading additional identical charts quick and easy.
Save as Data File	This tool is mainly for internal testing of indicators, it lets us output each bar and bar indicator values for strategy testing in 3rd party programs.
Save as Image File	This allows you to take a gif screenshot of your chart and set the DPI. Use 72 for web use and 300+ DPI for Print.
Delete Window	Select Delete Window to get rid of chart. You may also click the square box in the top right.

Chart Shortcuts
Change Symbol	To change symbol on a non multilinked chart simply select chart by left clicking with mouse, type in the new symbol you want and press enter key.
Change Time Frame + Zooms In - Zooms Out	To change the time frame on your chart enter a number for an intraday chart. For example to change above chart to a one minute chart select the chart by left clicking on it, type 1 and press enter key. To Select Daily chart press the period key and d. To Select Weekly chart press the period key and w. To Select Monthly chart press the period key and m

How to Setup, Modify or Delete Chart Studies

Chart Settings - Lets you adjust the chart's settings.
Add Studies - Lets you add studies and indicators to your chart.
Adjust Studies - Lets you modify or delete studies and indicators.

Add Studies Definitions of our popular Indicators and Studies

Balance Point Histogram This fantastic tool shows a histogram of how far this trading vehicle is above or below where the avg. trader has a position. If it shows positive (green) then it has a higher chance of going up than down. If it is negative (red) then it has a higher chance of going down than up.

Balance Point Line This amazing tool is one of the best guidelines for trading. It shows where the average trader has a position. This is useful in that if current price is above the Balance Point Line than it has a higher chance of going up than going down. The Daily Line is today's average price. The Continuous Line is the average price for the number of days you have on the chart. We recommend setting Continuous Days to 2 for Forex. This shows you where most traders have positions from yesterday up until this minute. Both are very useful and key areas of support or resistance. Also the closing value of the Daily Line for the previous day is useful. If above this price then those who shorted yesterday on average are losing money and are likely to buy and add upward pressure on the instrument. If today's price is below then those who are long from yesterday are on average losing money and are likely to add more selling pressure.

Balance Point Sectors and Buy/Sell Pressure Sectors These tools do not apply to Forex traders, they're for Stock and Futures Traders.

Bollinger Bands
Bollinger Bands are volatility based bands used to help identify situations where prices are too high, or too low, on a relative bases. When prices reach or rise above the upper band, they are too high. When prices reach or drop below the lower band, they are too low.

Bollinger recommends using a Simple 20 period moving average, and with bands at 2 standard deviations.

Buy / Sell Pressure This proprietary indicator analyzes EVERY trade, similar to reading the tape, and shows whether traders are aggressively buying or selling. It is one of our most useful indicators.

It shows, for example when stocks that are going up are being bought or sold. If being sold it is unlikely that the stock will keep going up much further. Traders should look to get out of their longs or consider going short. Conversely stocks going down with buying increasing are likely to find support and rally.

We also suggest using this indicator on the futures to help time your stock trades. We also give you the ability to set the size of the trades you want to analyze. For futures it is important to watch traders that trade 100 lots and higher. They do MOVE the market and this tool lets you see inside of a typical price bar. You will frequently see down bars where the large institutional traders are BUYING. This gives you advance warning that the low may soon be formed. Stay cautious but look to buy the bottom. Conversely at highs you will frequently see large traders selling heavily at the highs. This is an early warning that the uptrend may be over!

Example: The chart below shows our Buy / Sell Pressure indicator on the S&P eminis. It is set to show trade size over 99, the world's largest traders which move the market.

As you can see on the bottom left the market is going sideways and the large traders are for the most part not participating. Markets tend to not move much or chop around when institutional traders are not buying or selling. You can see that around 12:30 there is some selling coming in by the big traders and by 1pm heavy selling starts and lasts the rest of the day driving the market down significantly.

Buy/Sell Pressure
Sectors and Indexes This amazing indicator actually shows you how much buying and selling there is during each bar. Available for S&P, Nasdaq, Dow and Russell and major Sectors (Semi, Biotech, Tech, Drugs, Banks, Retail, Housing, Oil)

Chandelier Stop This is one of the best exits for trend following traders to use to know when to exit their trades. It uses each instrum6ents volatility and trails the movement very nicely and usually can catch 70 to 80%+ of the move.

DMI / ADX Trend When DI+ crosses above DI- this signals an up-trend and reverse for downtrend. The ADX value signifies the strength of the trend. Typically ADX trends over 25 are the most tradable.

Linear Regression Line
Number of Bars How
many bars to use to
create linear regression

Deviation1 Default 1

Deviation2 Default 2

You may create the
Linear Regression using
either the High, Low,
and/or close.

Standard setting is C)lose

If you want to base the
linear regression on
the average of the High +
Low + Close then use
H+L+C
This very useful indicator lets you clearly see the trend (Linear Regression Line) and creates standard deviation bands above and below the regression line. Our Linear Regression indicator is different from other trading platforms in that we let you scroll back over past data and see what it would have looked like at the time. This helps you find settings for the time frame you trade that works best.

MACD
Developed by Gerald Appel, MACD (Moving Average Convergence / Divergence) utilizes various exponential moving averages of closing prices to generate buy and sell signals. Exponential moving averages assign greater weight to the most recent price data and therefore are more sensitive to current price movement than simple moving averages. MACD consists of a Differential Line and a Signal Line. The Differential Line is constructed by measuring the difference between two exponential moving averages, typically a 12- and 26-period. The Signal Line is a 9-period exponential moving average of the Differential Line values. Buy signals are generated when the Differential Line crosses the Signal Line from below while sell signals occur when the Differential Line crosses the Signal Line from above.

Money Flow Index
The Money Flow Index creates a ratio of Positive Money Flow and Negative Money Flow over time and scaes it to a number between 0 and 100. The Money Flow Index value can be used to evaluate overbought and oversold conditions in a security where the index moves above or below a certain reference level (TopGun Software defaults to 80 for overbought and 20 for oversold).

Divergence between MFI and the price direction can also be indicative of a reversal. If price is trending higher and MFI is decreasing over that period, a market top may occur. Likewise if price is trending lower and MFI is increasing over that period, a market bottom may occur.

Moving Average
The Moving Average is one of the most used Technical Indicators. It is simply an average of closing prices over time and can be used in many ways. Many traders mostly use it to determine the trend of a security. If the moving average is sloping up, the stocks trend is up. If it is sloping down, the stocks trend is down. Traders also use the Moving Average as support and resistance. Often a stock will come right up to, touch, and then move away from its moving average. The moving averages most often used are 20, 50, and 200 period.

NYSE Volume
NASDAQ Volume
This unique indicator not found in other trading platforms shows you visually how much buying vs. selling is occurring during each time period. It gives you confidence to trade with the trend and also know when the trend is most likely to reverse.

Example: In the chart above you can clearly see how much buying vs. selling is happening. Notice on the left that the market gapped up. Traders have trouble trading gap days because often they reverse and "Fill the Gap". This tool clearly lets you see that during the first 30 minutes that there is about 4 times more buying than selling. It's VERY clear that the market is going higher.

Parabolic SAR
Parabolic Stop and Reverse was introduced by J Welles Wilder. The Parabolic SAR is a trend following indicator that is designed to create a trailing stop. This is a point that follows a prevailing trend, giving a possible value for a stop loss that is far enough away from the original trend to avoid being stopped out. It moves with the trend, accelerating closer to price action as time passes.

Pivot Moving Avg
Most moving averages use the closing price. This moving average uses the average of the high, low and close.

Pivots
Floor Trader Pivot Points are support/resistance levels used by Professional Traders. The pivot (White Line) is the average of the previous day (H+L+C)/3. Professionals use these as support/resistance and as a method for deciding which direction to trade. Above the pivot look for long trades, below for shorts.

Example: In the chart above you can see EBAY open right at the pivot and sold off. Since it was below the pivot level a trader would get short. It fell right to the S2 (Second Support Level) and reversed. Normally trading instruments pause at the pivot level before going higher but in this case EBAY went straight up to the first Resistance Level R1. It then found support at the pivot before falling again. The Pivot acted as resistance the rest of the day. EBAY found support again at S2 and then broke down. Traders can use these levels to reduce their risk because you can use very tight stops at these levels.

Previous Day's High/Low
This study puts up the previous day's high and low which are can be excellent areas of support or resistance. Many traders also use these to time breakouts or breakdowns and use as logical places to place stops.

Probability Bands
This proprietary study is available ONLY on TopGun Software advanced charting. It is based on each stocks volatility which changes each trading daily. These Probability Bands indicate the price levels that have the highest statistical probability of reversing intraday. The first band is the 65% probable high/low, then 80%, 88 and the last one is the 95% probable high/low for the day.

Example: In the example above you can see the low of the day is the 65% probability band. The next day the 95% probability band is the approximate high of the day. This tool is very useful for finding high/probability low risk entries and good profit targets for exiting.

PT Trend Oscillator This proprietary study is also only available in TopGun Software advanced charting. It is based on advanced statistical functions and can be used to determine overbought or oversold levels.

RSI
The Relative Strength Index (RSI) is a popular price momentum oscillator developed by J. Welles Wilder and introduced in his 1978 book New Concepts in Technical Trading Systems. The RSI oscillates in a range between 0 and 100 representing a comparison of the magnitude of a stock's recent gains to the magnitude of its recent losses.

There are several ways to use and trade using the RSI.

Overbought / Oversold
The RSI indicator ranges in value from 0 to 100, with numbers above 70 indicating overbought conditions and under 30 indicating oversold. If the RSI rises above 30, it is considered bullish, while if the RSI falls below 70, it is considered bearish.

Divergence
Another popular method of analyzing the RSI is to look for a divergence. If the instrument is making a new high, but the RSI is failing to exceed its previous high, this " divergence" is an indication of an coming reversal. When the RSI then turns down and falls below its most recent trough, it is said to have completed a "failure swing" and therefore confirmed the coming reversal.

Crossing the Center Line (50)
Some trades view a move above 50 as a bullish confirmation, and a move below 50 as a bearish confirmation. A move above 50 represents average gains overtaking average losses, while a move below 50 signifies that average losses have taken the lead.

Spread
Spread Traders can now plot the difference between their favorite statistically correlated stocks.

SquatBar
Squat Bar is a proprietary indicator only available in TopGun Software. It uses volume and volatility to find low risk, high probability reversal signals.

Example: In the above example you can clearly see that most squat bar signals cause a reversal. This is especially useful in combination with our other support/resistance indicators such as pivots, volume profile, trend reversal, certain moving averages, range projection, previous day high/low.

Stochastics
Stochastics is a momentum or price velocity indicator developed by George C. Lane.

Stochastics measures the position of a stock compared with its most recent trading range over the period specified (Raw K period). Specifically, it measures the relationship between the closing price of a stock and its high and low during a specific number of bars (minutes, days, weeks, etc). As a stock price rises, the closing price tends to be closer to the extreme highs of the stock, and as prices fall, the closing price tends to fall closer to the extreme lows. This raw stochastic value is called Raw K. The Raw K is then smoothed with a simple moving average (using the Fast D period specified) to produce the Fast D. A second simple smoothing can then be performed on the Fast D to produce the stochastics Slow D value. Stochastics values indicate overbought and oversold regions.

Three Line Break One of our most useful indicators, the Three Line Break chart helps traders accurately determine the current direction of the trend and alerts them when and at what price the trend is most likely to change. For more information on 3 Line Break charts click here.

Trend Reversal This is one of our most useful indicators and finds when the trend is most likely to reverse.

Volume Histogram Our Volume Histogram shows you the volume of shares traded on each bar and plots the avg volume for that bar of the day. This lets you immediately see whether volume is significantly above or below average. Trends on high volume are more likely to continue.

Volume Profile
Volume Profile charting is the most advanced and powerful charting available. Ours not only lets you see the Open / High / Low and Close of the bar but where actual trades took place. You can finally SEE where REAL Support and Resistance is on the chart. In addition to this, we give you the option of specially color coding where large institutional volume has occurred.

Example: In the chart above you can see the high and low of each bar, the open and close and most importantly where all the trades took place. This lets you clearly see areas of support and resistance. Starting from the left you can see a breakout that spend little time in the middle of the range, it just exploded up. The next day the market pulled back a bit and lots of trades formed a nice support level. In fact just two days later the market pulled back and stopped RIGHT at this level of support. With a normal bar chart you are really trading blindly. Over the next 2 days the market couldn't take out the resistance that was formed at the highs and sold off. After a couple days consolidation the market broke out again but stopped exactly at the previous area of support. This is an old technical analysis adage, when support gets broken it is now resistance. Traders can use this "inside information" to make more intelligent and lower risk trade entries.

How to Use our Drawing Tools

	Crosshair - Click on chart to see Open/High/Low/Close/Volume and Study Info
	Line Tool - Draws a Line from Point A to Point B
	Trend Line - Draws a Trend line from point A to B and line continues on into the future.

First click the T on the top right side of the chart. Our drawing tools will Open as you see below. Click the T again to close the tools when you are finished.

To add just one Line or Trend Line

Simply mouse over the tool you want and it will turn Blue and allow you to add the Line or Trend Line. When you are finished it will return to the previous tool selected.

To add multiple Lines or Trend Lines

This time left click on the Line or Trend Line tool. It will turn Red and this means you can add as many Lines or Trend Lines as you wish. When you are finished left click on the Crosshair tool and click the T again to exit.

Right clicking on the line or ray will bring up the options of (Delete, Duplicate and
changing the Width, Color or Style)

How to Use our Forex Trade Planner to Reach Your Financial Goals

Our Trade Planner helps you setup a plan to reach your financial goals. If you have a $2k Forex account and wish to grow it to $25k in 52 weeks this tool will let you know what % return you need each week, how many pips you need to get each day and most importantly what size you need to trade to reach your goals. Traders always ask us how many lots should I trade and this tool can help them get an idea of how many lots they need to trade if they earn X pips per day to hit their financial goals.

First step is to bring up this tool. On our Acuity Workstation Toolbar click the black chart square to the LEFT of the word Acuity and above the Chart button. This will bring a drop up menu of our 'hidden features'. Click Trade Analyzer / Planner to get this tool.

Now our Trade Analyzer / Planner will come up. Click the Planner tab. This tool is very powerful and has many options.

Starting Account Balance ($): This tool lets you set your starting account size and allows you to do 'what if' scenarios. In the example below we want to see what we need to do each day and week to turn our $2,000 account into $25,000 in 52 weeks. If you wanted to see how many pips per day and lots per trade you would need to turn $5k into 500k in 5 years you would set this to 5k/500k/260 (there are 260 weeks in 5 years).

Weekly Profit Goal: This shows you in 'what if' scenarios what kind of return you need to make each week. You can also put in $5k for example in Starting Account balance and select the % return you hope to achieve and see how your account will grow below.

Trade Size: For traders that want to put in a trade size the calculator will show in the Pips/Day column how many pips you need each day to hit the financial goal selected in the Starting Account Balance field. In this example you need 1 pip per day initially to reach the goal set in this example. After 10 weeks it jumps to 2 pips per day, and so on.

Trades per Day / Pips per Trade / Profit per Day: These tools lets you average out how many pips you expect to make per trade on average and how many trades you expect to take per day to come up with Profit per day. When you set these fields the column Trade Size shows you for each week how many lots you need to trade. 0.5 is 5 mini lots or 1/2 of a full lot.

The columns on the bottom are pretty self explanatory, they show each week, how much your account has grown to, what your Goal is to make each week in Dollars, how many pips you need to make each week under this scenario, what your Goal is to make each day in Dollars, Pips you need each day if you select Trade Size 2 lots (this example), and Trade Size you need to use if you make Profit per Day (4 pips in this example).

How to Link Charts with Hotlists and Quote Sheets

How to MultiLink™ Multiple Charts with Hotlists

This is a tremendously useful feature. It lets you watch up to 20 charts based on the results of your hotlists. You choose how
you filter and sort your hotlist, and our program automatically puts the top stock into Chart #1, the next stock into Chart #2,
and so on. No more having to spend your entire day clicking from stock to stock to find the best trades. Now the charts
and the trades come to you!

In the above example you can see we have setup 4 charts to automatically update as the hotlist updates and is sorted. SSYS is
the top stock and gets placed into Chart #1, CYD is the next stock and goes into Chart #2 and so on.

To Set this feature up your charts and hotlist must have the same color. In the above example we choose red for all charts and
HotLists.

To setup MultiLink ™ simply select a chart by left clicking on it, then right click within that chart, left click on Set Hotlist Rank Option
and then select 1st, 2nd, 3rd, etc.

Once you resort your list or the stocks change the charts AUTOMATICALLY update. Just another feature we've created to help
make trading easier and less stressful for our traders.

How to Use Our Advanced Quote Sheets

	Available Quote Sheet and Hotlist Fields

Symbol	Ticker Symbol
Last	Last price traded
Net	Change from previous trading day's closing price
Net %	Shows percentage each stock is from the last trading day's close, color coded with our heat map technology to let you quickly see the strongest and weakest stocks each trading day.
Net Opn	Change from current trading day's opening price. Very useful to sort on.
%Vol	One of our most powerful features. Shows you which stocks are trading at their highest relative volume. It is no coincidence that the stocks UP and DOWN most are the ones with the LARGEST VOLUME. Our indicator updates in real time throughout the trading day, helping you to find the best trading candidates early on in the trading session.
TotVol	Total Volume for current trading day.
PrvVol	Previous Days Volume.
High	Current trading day's high
Low	Current trading day's low
Bid	Current Bid
Ask	Current Ask
Range%	This shows you where in today's range a stock is currently trading. If it is at its high or makes a new high it shows up as 100%, if it is at or makes a new low it shows up as 0%. This is a wonderful way to find stocks as they are breaking out or down.
Rng30%	This very useful field shows you how far the stock has traveled this 30 min period compared to its statistical average. Stocks that move more than their average and on higher than average volume are likely to move further in that direction. Stocks that move more than their average on less than average volume are likely to reverse direction. Use in conjunction with Vol30% below.
Vol30%	This field shows the stock's current 30 minute volume as a percentage of its statistical average volume. Higher volume is often associated with larger volatility moves. You can also use this field to find the most actively traded stocks.

	More Quote Sheet and Hotlist Fields
	Right click in quote sheet or hotlist to bring up more options. Chart brings up a new chart with that symbol. Get News allows you to view that symbol on various online news sites. Color Group Selection lets you either mouse over or click to send symbol to color linked charts. Set Window Layer sends this quote sheet or hotlist to Layer 1, 2, 3 or 4. Add/Delete Columns lets you choose which fields you want in your quote sheet / hotlist. Save as Default Layout lets you save the fields selected above as your default layout.


	Add / Delete Columns allows you to setup which fields you want to see in your quote sheet / hotlist. You also have the option to save this as your default layout. Quote sheets and hotlists can each have their own default fields. Select the field you want on the left and click the --> button. To get rid of a field select it on the right and hit the <-- button. To change the order either grab field and click Up or Down or drag and drop from quote sheet / hotlist.

How to Use Our Advanced Scans Our HotList Filter is one of our most powerful yet easy to use features. It will allow you to take a large list of stocks, and narrow the list down into a more manageable one, between 3 to 15 stocks. Our program does this by eliminating stocks which do not meet your criteria. Let's say, for example that you only want to trade stocks that trade more than 800,000 shares per day on average, where the price is above $30 (higher priced stocks move more during the day), where the stock is above yesterday's high (uptrending), where Vol/Avg Vol is above 200% (Stocks up on double+ volume often continue their uptrends) and the stock had previously fallen for 3 straight days. In other charting programs you would have to learn a complicated programming language to filter down or scan for these stocks. In our program you can within 10 to 20 seconds setup this filter and immediately see the results!

To use our HotList Filters simply left click on box of the filter you wish to apply. Detailed descriptions of each Hotlist Filter are found below. If you end up with too few stocks for your liking change the filter selections to less restrictive numbers. If you have too many stocks to humanly watch then try being more strict. For example, to reduce the numbers of stocks on your hotlist, try raising the price of stocks shown from $15 to $30 or from Volume greater than 200,000 shares to greater than 800,000.

Volume: This lets you find high volume stocks and eliminate thinly traded issues. But if your strategy is to trade thin issues, you can use this to eliminate the higher volume stocks. Suggestion: For most daytraders try Greater than 500,000 (Vol / Avg Vol) greater than: This is one of our most POWERFUL Hotlist Filters. This lets you see stocks who are trading more volume today than normal. The old saying Volume precedes price is true for a reason. Stocks move when people decide to either buy or sell them. If there are more shares being bought than being sold the stock's price goes up. Conversely, if more shares are being sold than bought the price will go down. Using this filter you will quickly see that if a stock is trending with much higher volume today than it normally trades, it is very likely to continue the trend. Suggestion: Use 200 to 300%+ in the first hour of trading and if later in the day the numbers of stocks in your list declines too much try reducing this to 125 to 200% for the remainder of the trading session. (Vol / Avg Vol) less than: This lets you find stocks that are trading on less volume today than they normally do. This does not mean that volume will not come into this stock at a later point in the day but generally stocks with low Avg % Volume will not trend and may be good candidates to look for reversals. Also, since these stocks don't typically trend they may make excellent candidates to trade if they become overbought or oversold using any number of overbought/oversold indicators (Stochastics, RSI, MFI, etc) Open: This filter lets you find stocks that open inside of our outside of yesterdays range. Click Inside to find stocks that open under yesterday's high and above yesterday's low. Click Outside to find stocks that open above yesterday's high or below yesterday's low. Gap: This filter lets you find explosive gap candidates. You can find stocks that gap up or down and select the amount or percentage of the gap. If you would like to find stocks that gapped up $1 then select Up and Greater than $1. If you would like to find stocks that gapped up 1/2% then select Up and Greater than .5%. Price: This lets you decide which stocks to watch and trade based on their share price. Daytraders generally want to find stocks that move enough during the day to get in and out with 1/4 to 1/2 or more points. Suggestion: For most daytraders try Greater than: 20 Last - Yest Close: This filter lets you narrow out stocks that have not moved too much above or below yesterday's closing price OR lets you find stocks that have not moved too much in order to keep your risk lower. If you would like to only trade stocks that have moved 50 cents or more above yesterday's closing price than click GT (Greater Than) .5 Dollars. If you would like to find stocks that are up less than $1 from yesterday's closing price than select LT (Less Than) 1 Dollar. Above Previous Daily High: This filter lets you find stocks that are now trading at or above the previous day's high. Enter the default 0 to see stocks at or higher than the previous trading day's high. Enter .25, for example, to see stocks trading $.25 above yesterday's high. If you wish to be alerted to stocks just ABOUT to go over yesterday's high, then put in - .10 ( minus .10 ) Below Previous Daily Low: This filter lets you find stocks that are now trading at or below the previous trading day's low. Enter the default 0 to see stocks at or below the previous trading day's low. Enter .25, for example, to see stocks trading $.25 below yesterday's high. If you want to see stocks about to go below yesterday's low put in + .10 ( plus .10) First N Minute Bar: This is one of our most POWERFUL hotlist filters. What it does is let you find INTRADAY BREAKOUTS as they are happening! For example, many traders like to buy a strong stock after it breaks out of its first bar of the day. That gives the stock time to settle down before it begins its trend. You can put any number in here you want from 3 to 180 minutes. Settings that many of our traders use is 5, 15, 30, and 60. In the morning stocks are often very volatile and no clear trend exists for the first thirty minutes. Setting this number to 30 will alert you the second a stock goes above its first thirty minute trading range. The uses for this filter are many. Another good way to use this filter is for afternoon trading. Stocks above/below their first 30 or 60 minute bar highs/lows are often the most trending stocks and trending stocks tend to close near the highs/lows of the day. This is a great way to find stocks to trade in the afternoon. Suggestion: Use 5, 15, 30, or 60 and make sure to select Above for long trades and Below for short trades. Multi Day Breakout: The next filter is very powerful. It lets you find stocks that have made new multi day highs or lows. For example to find stocks that are above the high of the highest high of the last 3 days select Last GT (Greater Than) High/Low of Last 3 Days. To find weak stocks that are under the lowest low of the last 3 days select Last LT (Less Than) High/Low of last 3 Days. Moving Average Scans: There are so many uses of our moving average scans. For example you can use these to find stocks that are in uptrends or downtrends on the daily chart. Stocks that are above their 10, 20, 50, and 200 day moving averages are obviously moving up. This scan filter can greatly reduce the number of stocks you are watching into only the strongest or weakest. Many traders also like to find stocks that have just broken out above or below their 50 or 200 day moving averages. To find stocks that broke out above their 50 day moving averages select Prev LT (Less Than) 50 Day MA and Last GT (Greater Than) 50 Day MA. This finds stocks where the close of yesterday was under the 50 day ma and right now it is above the 50 day MA. You may also use your own moving average days. Up X Days in a row: This is a wonderful filter to quickly find stocks that have gone up X number of days in a row. Let's say your strategy is to short stocks after they have gone up 5 straight days, this filter quickly lets you find those stocks. If your entry point is below the previous day's low, you can be alerted immediately when a stock on your list goes below the previous day's low. Often times after a big increase, investors will take profits and the stock may fall substantially. Suggestion: Set this to 3, 4, or 5. Down X Days in a row: This is a wonderful filter to quickly find stocks that have fallen down X number of days in a row. Let's say your strategy is to buy stocks after they have fallen 3 to 5 straight days in a row. This filter quickly lets you find these stocks. If your entry point is above the previous day's high, you can be alerted immediately when a stock on your list goes above the previous day's high. Often times after many days down, even a weak stock will rally for a day or two. Suggestion: Set this to 3, 4, or 5. Narrowest Day in last X days: This is another one of our most powerful filters. What this filter does is let you find stocks that did not move very much in their previous trading day. Often times stocks can make explosive moves after a narrow range day. Often times stocks with strong trends will take a breather day and resume their trends the following day. Suggestion: Set this to 4 or 7. Inside Day for last X days: What this filter does is let you find stocks that traded inside of their previous day's range. What this means is that the stock's low yesterday was higher than the previous day while its high was lower than the previous day. Suggestion: Set this to 1, very rarely will a stock have two or more inside days. Range: This very powerful hotlist scan can let you find stocks that have been very volatile or have rested for the last few days and may be ready for explosive moves. You can enter either a $ amount or a Percentage amount. For example if you want to find stocks that have not moved more than 3% over the last 5 days, Select Range LT (Less Than) 3% in last 5 days. If you would like to find stocks that have moved $8 or more in the last 3 days select Range GT (Greater Than) $8 in last 3 days.


Chart Settings - Lets you adjust the chart's settings. Add Studies - Lets you add studies and indicators to your chart. Adjust Studies - Lets you modify or delete studies and indicators.
Add Studies	Definitions of our popular Indicators and Studies
Balance Point Histogram	This fantastic tool shows a histogram of how far this trading vehicle is above or below where the avg. trader has a position. If it shows positive (green) then it has a higher chance of going up than down. If it is negative (red) then it has a higher chance of going down than up.
Balance Point Line	This amazing tool is one of the best guidelines for trading. It shows where the average trader has a position. This is useful in that if current price is above the Balance Point Line than it has a higher chance of going up than going down. The Daily Line is today's average price. The Continuous Line is the average price for the number of days you have on the chart. We recommend setting Continuous Days to 2 for Forex. This shows you where most traders have positions from yesterday up until this minute. Both are very useful and key areas of support or resistance. Also the closing value of the Daily Line for the previous day is useful. If above this price then those who shorted yesterday on average are losing money and are likely to buy and add upward pressure on the instrument. If today's price is below then those who are long from yesterday are on average losing money and are likely to add more selling pressure.
Balance Point Sectors and Buy/Sell Pressure Sectors	These tools do not apply to Forex traders, they're for Stock and Futures Traders.
Bollinger Bands	Bollinger Bands are volatility based bands used to help identify situations where prices are too high, or too low, on a relative bases. When prices reach or rise above the upper band, they are too high. When prices reach or drop below the lower band, they are too low. Bollinger recommends using a Simple 20 period moving average, and with bands at 2 standard deviations.
Buy / Sell Pressure	This proprietary indicator analyzes EVERY trade, similar to reading the tape, and shows whether traders are aggressively buying or selling. It is one of our most useful indicators. It shows, for example when stocks that are going up are being bought or sold. If being sold it is unlikely that the stock will keep going up much further. Traders should look to get out of their longs or consider going short. Conversely stocks going down with buying increasing are likely to find support and rally. We also suggest using this indicator on the futures to help time your stock trades. We also give you the ability to set the size of the trades you want to analyze. For futures it is important to watch traders that trade 100 lots and higher. They do MOVE the market and this tool lets you see inside of a typical price bar. You will frequently see down bars where the large institutional traders are BUYING. This gives you advance warning that the low may soon be formed. Stay cautious but look to buy the bottom. Conversely at highs you will frequently see large traders selling heavily at the highs. This is an early warning that the uptrend may be over! Example: The chart below shows our Buy / Sell Pressure indicator on the S&P eminis. It is set to show trade size over 99, the world's largest traders which move the market. As you can see on the bottom left the market is going sideways and the large traders are for the most part not participating. Markets tend to not move much or chop around when institutional traders are not buying or selling. You can see that around 12:30 there is some selling coming in by the big traders and by 1pm heavy selling starts and lasts the rest of the day driving the market down significantly.
Buy/Sell Pressure Sectors and Indexes	This amazing indicator actually shows you how much buying and selling there is during each bar. Available for S&P, Nasdaq, Dow and Russell and major Sectors (Semi, Biotech, Tech, Drugs, Banks, Retail, Housing, Oil)
Chandelier Stop	This is one of the best exits for trend following traders to use to know when to exit their trades. It uses each instrum6ents volatility and trails the movement very nicely and usually can catch 70 to 80%+ of the move.
DMI / ADX Trend	When DI+ crosses above DI- this signals an up-trend and reverse for downtrend. The ADX value signifies the strength of the trend. Typically ADX trends over 25 are the most tradable.
Linear Regression Line Number of Bars How many bars to use to create linear regression Deviation1 Default 1 Deviation2 Default 2 You may create the Linear Regression using either the High, Low, and/or close. Standard setting is C)lose If you want to base the linear regression on the average of the High + Low + Close then use H+L+C	This very useful indicator lets you clearly see the trend (Linear Regression Line) and creates standard deviation bands above and below the regression line. Our Linear Regression indicator is different from other trading platforms in that we let you scroll back over past data and see what it would have looked like at the time. This helps you find settings for the time frame you trade that works best.
MACD	Developed by Gerald Appel, MACD (Moving Average Convergence / Divergence) utilizes various exponential moving averages of closing prices to generate buy and sell signals. Exponential moving averages assign greater weight to the most recent price data and therefore are more sensitive to current price movement than simple moving averages. MACD consists of a Differential Line and a Signal Line. The Differential Line is constructed by measuring the difference between two exponential moving averages, typically a 12- and 26-period. The Signal Line is a 9-period exponential moving average of the Differential Line values. Buy signals are generated when the Differential Line crosses the Signal Line from below while sell signals occur when the Differential Line crosses the Signal Line from above.
Money Flow Index	The Money Flow Index creates a ratio of Positive Money Flow and Negative Money Flow over time and scaes it to a number between 0 and 100. The Money Flow Index value can be used to evaluate overbought and oversold conditions in a security where the index moves above or below a certain reference level (TopGun Software defaults to 80 for overbought and 20 for oversold). Divergence between MFI and the price direction can also be indicative of a reversal. If price is trending higher and MFI is decreasing over that period, a market top may occur. Likewise if price is trending lower and MFI is increasing over that period, a market bottom may occur.
Moving Average	The Moving Average is one of the most used Technical Indicators. It is simply an average of closing prices over time and can be used in many ways. Many traders mostly use it to determine the trend of a security. If the moving average is sloping up, the stocks trend is up. If it is sloping down, the stocks trend is down. Traders also use the Moving Average as support and resistance. Often a stock will come right up to, touch, and then move away from its moving average. The moving averages most often used are 20, 50, and 200 period.
NYSE Volume NASDAQ Volume	This unique indicator not found in other trading platforms shows you visually how much buying vs. selling is occurring during each time period. It gives you confidence to trade with the trend and also know when the trend is most likely to reverse. Example: In the chart above you can clearly see how much buying vs. selling is happening. Notice on the left that the market gapped up. Traders have trouble trading gap days because often they reverse and "Fill the Gap". This tool clearly lets you see that during the first 30 minutes that there is about 4 times more buying than selling. It's VERY clear that the market is going higher.
Parabolic SAR	Parabolic Stop and Reverse was introduced by J Welles Wilder. The Parabolic SAR is a trend following indicator that is designed to create a trailing stop. This is a point that follows a prevailing trend, giving a possible value for a stop loss that is far enough away from the original trend to avoid being stopped out. It moves with the trend, accelerating closer to price action as time passes.
Pivot Moving Avg	Most moving averages use the closing price. This moving average uses the average of the high, low and close.
Pivots	Floor Trader Pivot Points are support/resistance levels used by Professional Traders. The pivot (White Line) is the average of the previous day (H+L+C)/3. Professionals use these as support/resistance and as a method for deciding which direction to trade. Above the pivot look for long trades, below for shorts. Example: In the chart above you can see EBAY open right at the pivot and sold off. Since it was below the pivot level a trader would get short. It fell right to the S2 (Second Support Level) and reversed. Normally trading instruments pause at the pivot level before going higher but in this case EBAY went straight up to the first Resistance Level R1. It then found support at the pivot before falling again. The Pivot acted as resistance the rest of the day. EBAY found support again at S2 and then broke down. Traders can use these levels to reduce their risk because you can use very tight stops at these levels.
Previous Day's High/Low	This study puts up the previous day's high and low which are can be excellent areas of support or resistance. Many traders also use these to time breakouts or breakdowns and use as logical places to place stops.
Probability Bands	This proprietary study is available ONLY on TopGun Software advanced charting. It is based on each stocks volatility which changes each trading daily. These Probability Bands indicate the price levels that have the highest statistical probability of reversing intraday. The first band is the 65% probable high/low, then 80%, 88 and the last one is the 95% probable high/low for the day. Example: In the example above you can see the low of the day is the 65% probability band. The next day the 95% probability band is the approximate high of the day. This tool is very useful for finding high/probability low risk entries and good profit targets for exiting.
PT Trend Oscillator	This proprietary study is also only available in TopGun Software advanced charting. It is based on advanced statistical functions and can be used to determine overbought or oversold levels.
RSI	The Relative Strength Index (RSI) is a popular price momentum oscillator developed by J. Welles Wilder and introduced in his 1978 book New Concepts in Technical Trading Systems. The RSI oscillates in a range between 0 and 100 representing a comparison of the magnitude of a stock's recent gains to the magnitude of its recent losses. There are several ways to use and trade using the RSI. Overbought / Oversold The RSI indicator ranges in value from 0 to 100, with numbers above 70 indicating overbought conditions and under 30 indicating oversold. If the RSI rises above 30, it is considered bullish, while if the RSI falls below 70, it is considered bearish. Divergence Another popular method of analyzing the RSI is to look for a divergence. If the instrument is making a new high, but the RSI is failing to exceed its previous high, this " divergence" is an indication of an coming reversal. When the RSI then turns down and falls below its most recent trough, it is said to have completed a "failure swing" and therefore confirmed the coming reversal. Crossing the Center Line (50) Some trades view a move above 50 as a bullish confirmation, and a move below 50 as a bearish confirmation. A move above 50 represents average gains overtaking average losses, while a move below 50 signifies that average losses have taken the lead.
Spread	Spread Traders can now plot the difference between their favorite statistically correlated stocks.
SquatBar	Squat Bar is a proprietary indicator only available in TopGun Software. It uses volume and volatility to find low risk, high probability reversal signals. Example: In the above example you can clearly see that most squat bar signals cause a reversal. This is especially useful in combination with our other support/resistance indicators such as pivots, volume profile, trend reversal, certain moving averages, range projection, previous day high/low.
Stochastics	Stochastics is a momentum or price velocity indicator developed by George C. Lane. Stochastics measures the position of a stock compared with its most recent trading range over the period specified (Raw K period). Specifically, it measures the relationship between the closing price of a stock and its high and low during a specific number of bars (minutes, days, weeks, etc). As a stock price rises, the closing price tends to be closer to the extreme highs of the stock, and as prices fall, the closing price tends to fall closer to the extreme lows. This raw stochastic value is called Raw K. The Raw K is then smoothed with a simple moving average (using the Fast D period specified) to produce the Fast D. A second simple smoothing can then be performed on the Fast D to produce the stochastics Slow D value. Stochastics values indicate overbought and oversold regions.
Three Line Break	One of our most useful indicators, the Three Line Break chart helps traders accurately determine the current direction of the trend and alerts them when and at what price the trend is most likely to change. For more information on 3 Line Break charts click here.
Trend Reversal	This is one of our most useful indicators and finds when the trend is most likely to reverse.
Volume Histogram	Our Volume Histogram shows you the volume of shares traded on each bar and plots the avg volume for that bar of the day. This lets you immediately see whether volume is significantly above or below average. Trends on high volume are more likely to continue.
Volume Profile	Volume Profile charting is the most advanced and powerful charting available. Ours not only lets you see the Open / High / Low and Close of the bar but where actual trades took place. You can finally SEE where REAL Support and Resistance is on the chart. In addition to this, we give you the option of specially color coding where large institutional volume has occurred. Example: In the chart above you can see the high and low of each bar, the open and close and most importantly where all the trades took place. This lets you clearly see areas of support and resistance. Starting from the left you can see a breakout that spend little time in the middle of the range, it just exploded up. The next day the market pulled back a bit and lots of trades formed a nice support level. In fact just two days later the market pulled back and stopped RIGHT at this level of support. With a normal bar chart you are really trading blindly. Over the next 2 days the market couldn't take out the resistance that was formed at the highs and sold off. After a couple days consolidation the market broke out again but stopped exactly at the previous area of support. This is an old technical analysis adage, when support gets broken it is now resistance. Traders can use this "inside information" to make more intelligent and lower risk trade entries.

Forex Trading Software Manual

How to Use the Advanced Workstation Toolbar

How to Use Our Advanced Scans