Anyone yet with Tradestation indicator of this? I am curious how this looks but all I can do is chart the Premium. One thing I put on as something that might give similar clues is I am charting the ES/SPX Prem and I put a vertical line at fair value premium and the extreme thresholds for BUY and SELL programs as set up by indexarb.com.
When the premium gets too far ahead of itself and touches the upper threshold, the ES sells off and same thing on the other side. At the opening the PREM jumped to ove 12 and the ES had a high of 1434.50 before moving back lower to 1433.25 and sliding lower.
I am going to set this alongside my charts to see if it gives turning point clues at extreme moves such as opening and long drops or rises. Only risk is that the market could keep moving against you as the PREM adjusts but the program trading should occur in large size to prevent that initially.
Otherwise I have not idea how to put the STR/SQU in tradestation lol.
When the premium gets too far ahead of itself and touches the upper threshold, the ES sells off and same thing on the other side. At the opening the PREM jumped to ove 12 and the ES had a high of 1434.50 before moving back lower to 1433.25 and sliding lower.
I am going to set this alongside my charts to see if it gives turning point clues at extreme moves such as opening and long drops or rises. Only risk is that the market could keep moving against you as the PREM adjusts but the program trading should occur in large size to prevent that initially.
Otherwise I have not idea how to put the STR/SQU in tradestation lol.