Hawkeye TradeStation Indicator Guide
Hawkeye TradeStation Indicator Guide
Indicator Guide
A Powerful set of proprietary trading tools utilizing:
• Volume Spread Analysis
• Standard Deviation
• Pattern Recognition
www.HawkeyeTraders.com
Hawkeye for TradeStation Indicator Guide 2
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Contents
Welcome to the Hawkeye Team ............................................................................................................. 6
Introduction ............................................................................................................................................ 7
Working with Charts ............................................................................................................................... 8
Creating a Chart .................................................................................................................................. 8
Working with RadarScreen ................................................................................................................... 17
Chart Indicators..................................................................................................................................... 21
Hawkeye Adds................................................................................................................................... 21
Hawkeye Countdown ........................................................................................................................ 23
Hawkeye Fatboy................................................................................................................................ 25
Hawkeye Fatman .............................................................................................................................. 27
Hawkeye GearBox FX ........................................................................................................................ 28
Hawkeye GearBox NDX ..................................................................................................................... 30
Hawkeye GearChge FX ...................................................................................................................... 33
Hawkeye GearChge NDX ................................................................................................................... 34
Hawkeye Grabba Auto/Long/Short .................................................................................................. 35
Hawkeye Heat Map ........................................................................................................................... 38
Hawkeye Heat Map HT ..................................................................................................................... 39
Hawkeye KISS .................................................................................................................................... 41
Hawkeye Levels ATR/ATRup/ATRdn ................................................................................................. 43
Hawkeye Pivots ................................................................................................................................. 45
Hawkeye Roadkill .............................................................................................................................. 47
Hawkeye TimeBetweenBars ............................................................................................................. 49
Hawkeye Trend+Stops ...................................................................................................................... 51
Hawkeye Vertical Line ....................................................................................................................... 53
Hawkeye Volume .............................................................................................................................. 55
Hawkeye Volume PB ......................................................................................................................... 57
Hawkeye Volume Radar .................................................................................................................... 58
Hawkeye Wide Bar ............................................................................................................................ 59
RadarScreen Indicators ......................................................................................................................... 60
Hawkeye RS Heatmap ....................................................................................................................... 60
Hawkeye RS Heatmap HT.................................................................................................................. 61
Hawkeye RS Pivots ............................................................................................................................ 63
Hawkeye RS Radar ............................................................................................................................ 64
Hawkeye Roadkill RS ......................................................................................................................... 65
The Hawkeye software works in all markets, and in all timeframes allowing you to trade in
commodities, indices, stocks, bonds and currencies with equal ease. In addition, Hawkeye provides
you with two unique indicators, the Gearbox and the Gearchanger, which reveal each day the
optimal tick charts to trade, giving you the edge you need to trade in harmony with market
momentum. So whether you are an intra-day trader, or a longer term swing or trend trader, the
Hawkeye software has it all.
Trading success of course is based on many things, but one of the guiding principles I believe, is to
keep things simple, and this applies both to your trading strategies, and also to your all -important
trading plan.
Having a simple trading plan, which you follow in each and every trade, is one of the cornerstones of
success, and in Hawkeye we are fortunate in having a suite of indicators which tell us when to get in,
help us to stay in, and then get out, with a profit (or a small loss). We have all come across the
phrase, ‘the trend is your friend’ but this is indeed one of the truisms of trading success. Most
traders struggle to master this difficult skill, since our emotions are telling us to exit as soon as we
have a small profit in any position. With Hawkeye however, this skill is mastered easily, as we simply
follow our simple exit rules, guided by the most powerful indicators available, such as Trend and
Stops, which paints our trend for us, and all of course underpinned by the unique Hawkeye
algorithms which forecast the market’s intent based on Volume Price Analysis.
As traders, we are bombarded from all sides with news, analysis and comment and from an
increasingly diverse number of channels. So at times this can be hard to achieve, but achieve it we
must. Trade only what we see on our chart, and not what the weight of market opinion or the latest
expert analysis is advising. They are generally wrong, and have no value, other than to feed the
voracious appetite that is the media, in all its forms.
With Hawkeye, you have a unique and powerful suite of tools, which undertake 300 calculations on
each and every price bar. These calculations are not influenced by human opinion, political ambition,
or natural disaster. Hawkeye simply analyzes the price and volume relationship using a combination
of standard deviation and price pattern recognition, which is then coupled with the volume price
algorithms to deliver the most powerful trading software in world.
It may be a clichéd saying, but our success is your success, something I truly believe, and if I can help
in any way whatsoever, you only have to ask. Over the years I have built many friendships with
traders from around the world, something I would like to continue as Hawkeye reaches an ever
larger audience.
So please do keep in touch - I love to hear from customers around the world, and I or a member of
the Hawkeye team will always get back to you.
Randy Lindsey
CEO, Hawkeye Traders
Introduction
Congratulations! You now have access to one of the world’s most powerful trading tools. Providing
you invest some time and energy in familiarizing yourself with the system, Hawkeye will serve you
for a lifetime of trading.
Hawkeye supplies you with a distinct, professional trading edge; a way to develop vital confidence in
decision-making when seeking to optimize the potential of consistently robust entries, combined
with the equally important necessity of identifying a timely exit from a trade.
We do recognize that for many of you, getting to grips with new software can be a little daunting, so
in addition to this Guide, information on how to access further help can be found in the Contacts
and Useful Links Section at the back of this Guide.
Now let’s get you started on your exciting journey into Hawkeye.
This will bring up a new chart which you can then format by going to the main TradeStation menu
and choosing ‘Format’, ‘Symbol…’.
Choose a Hawkeye indicator and click ‘OK’. To select more than one indicator at a time use the Ctrl
key and click for non-adjacent indicators, or the Shift key and click for a run of adjacent indicators,
then click ‘OK’.
If you wish to open the indicator(s) without changing the formatting, remove the tick from the
‘Prompt for Format’ check box.
The example above shows a range of available Hawkeye indicators. You will only be able to see the
indicators available to you in your particular Hawkeye Package.
When you have applied any of these indicators to a chart, go to the main TradeStation menu and
click on ‘View’, ‘Analysis Commentary’.
Your cursor will now appear with a small comments box beside it to indicate that Analysis
Commentary is applied.
When you click in the chart the Analysis Commentary box will appear, similar to the example below.
Click on the indicator you wish to modify and then click ‘Format’.
The properties that you are most likely to modify can be found under the tabs ‘Inputs’, ‘Alerts’,
‘Style’.and ‘Color’.
These properties are discussed in more detail for each indicator in the section Chart Indicators.
Click on the indicator you wish to remove and then click ‘Remove’.
Data Window
The Data Window (see example below) shows standard OHLCV information for each bar on the
chart. In addition, information is displayed about indicators that are applied to the chart.
Not all Hawkeye indicators display information in this box. We describe those that do under each
indicator in the Chart Indicators section.
To open the Data Window, from the main TradeStation menu click on ‘View’, ‘Data Window’.
The Data Window will contain information on all the indicators currently applied to the chart, as per
the example below.
Workspaces
Hawkeye supplies a number of preconfigured Workspaces to help you get started. Note that you will
not necessarily have all the Workspaces shown in this document. Different Workspaces are
distributed with different Hawkeye modules and packages.
We recommend that you make copies of each Hawkeye Workspace so that you don’t overwrite the
originals.
Opening a Workspace
From the main TradeStation menu click ‘File’, ‘Open Workspace…’.
This will open by default a directory called ‘MyWork’ which contains all TradeStation indicators.
Hawkeye indicators are all placed in a sub-directory called ‘Hawkeye’.
Double-click the ‘Hawkeye’ sub-directory and click on the required Workspace to select it.
Click ‘Open’.
Closing a Workspace
To close a Workspace, from the main TradeStation menu click ‘File’, ‘Close Workspace’.
A dialogue box will appear for each open Workspace. Click ‘Yes’ to save the changes to the
Workspace, and ‘No’ to discard any changes.
Before you save any changes to your Workspaces please read the section below - Making a Copy of a
Workspace.
Alerts
Most Hawkeye indicators provide alerts when something significant happens e.g. if the Trend turns
green or red.
To format alerts, from the main TradeStation menu click ‘Format Analysis Techniques’, select the
required indicator and click ‘Format’.
TradeStation will only send alerts if they are enabled in the ‘Format Indicator’ Alerts tab.
You can set the type of alerts you want to receive (Sound, Popup, Email) specific to the indicator
(‘Use Custom Settings’) or for all indicators (‘Use the global messaging preferences’).
This will open the dialogue box below which enables you to select and define Audible, Visual and
Email alerts.
Pop-up alerts will look similar to the example below. You will continue to receive alerts at the
specified intervals until you turn off alerts or close the chart window.
Details of the alerts are discussed in more detail under each individual indicator in the sections Chart
Indicators and RadarScreen Indicators.
Click on ‘RadarScreen’.
This will bring up a new RadarScreen. Set up RadarScreen with your required symbols.
If you do not have an icon for RadarScreen then it is likely that you have not subscribed to the
RadarScreen application. If you wish to subscribe to RadarScreen then contact your TradeStation
account representative.
Scroll down the list of indicators until you find the Hawkeye indicators. All Hawkeye RadarScreen
indicators contain the letter ‘R’ or ‘RS’ in the name.
Choose a Hawkeye indicator by clicking on the name in the list and clicking ‘Add’.
To select more than one indicator at a time use the Ctrl key and click for non-adjacent indicators, or
the Shift key and click for a run of adjacent indicators, then click ‘Add’.
The ‘Move Up’ and ‘Move Down’ buttons allow you to change the position of selected indicator’s
column in the RadarScreen.
You may then format the indicator for the specific symbol (e.g. in the example above ‘AAPL’), or
choose to format the indicator for all symbols.
The properties that you are most likely to modify can be found under the tabs ‘Inputs’, ‘Alerts’,
‘Style’.and ‘Color’.
These properties are discussed in more detail for each indicator in the section RadarScreen
Indicators.
Select the indicator you wish to remove in the right hand column and click ‘Remove’.
Chart Indicators
Hawkeye Adds
Hawkeye Adds is an indicator that requires you to select a specific bar on the chart to indicate where
you have entered a position. When you select the bar it will display numbers that correspond to the
number of contracts/shares you should add.
You select a bar using Analysis Commentary. From the main TradeStation menu click ‘View’, ‘Analysis
Commentary’ then click on a bar on the chart. To find out more about how to use Analysis
Commentary see the Section Using Analysis Commentary.
In the example chart below, clicking on a bar causes Adds to draw the yellow ‘1’, ‘3’, ‘2’ and ‘1’. The
selected bar will always display a ‘1’. Further entries will be shown according to the Hawkeye Rules.
It will not necessarily show other entries if these are not triggered by the rules.
From Hawkeye v15.1c you can activate the Hawkeye Adds indicator by holding down the Shift key
and left clicking on the chart. To turn off Adds hold down both the Shift and Ctrl key and left click on
the chart. This method does not require Analysis Commentary.
Adds is used in conjunction with Hawkeye Trend+Stops, and the Trend Speed must match the Trend
Speed in the Trend+Stops indicator.
Inputs
The ‘Trend_Speed’ input can be set to: “Normal”, “Conservative” or “Aggressive”. This setting must
match the Trend Speed input in Hawkeye Trend+Stops.
‘Text_Size’, ‘Text_Font’ and ‘Text_Color’ changes the size, font and color of the displayed text. A list
of standard colors can be found here http://www.w3schools.com/html/html_colornames.asp
‘key_modifier’ and ‘key_modifier_remove’ can be changed to use either Shift, Alt, or Ctrl click or
combinations of those keys. They are used with a left mouse click to set or remove the lines from
the chart. Note that we have changed the default ‘key_modifier_remove’ value to ‘Shift+Ctrl’ so
that it doesn’t conflict with the TradeStation Chart Trading application. Please be careful when
using chart clicking if you also use TradeStation’s Chart Trading application.
Alerts
There are no alerts for this indicator.
Data Window
There is no data window for this indicator.
Hawkeye Countdown
Hawkeye Countdown displays the amount of time or the number of ticks until the current live bar
closes. Hawkeye Countdown is a real time indicator and will only display data in live markets. This is
a new indicator in Hawkeye v15.
When the Hawkeye Countdown is first applied to a chart it has to take an educated guess about how
long that particular bar will take to finish. Sometimes it will take a tick or two to calculate, other
times it may have to wait until the end of the first bar before it displays a value. During this time it
will display the word ‘calc…’. After the first bar is closed the calculation will be correct.
If Hawkeye Countdown is applied to chart when the market is closed then it displays the word
‘calc…’.
Inputs
‘Text_Fixed_Location’ sets the location of the displayed text. If can be ‘0’ for off, ‘1’ for the top left
of the screen, 2 for the top centre, ‘3’ for top right, ‘4’ middle left, ‘5’ middle centre, ‘6’ middle right,
‘7’ bottom left, ‘8’ bottom centre, ‘9’ bottom right.
If ‘Text_Fixed_Location’ is set to ‘0’ (off) then the two following inputs are used to position the text
on the screen – ‘Text_Horizontal_Location’ and ‘Text_Vertical_Location’.
‘Text_Horizontal_Location’ sets the location of the text from the far right bar. A negative number
displays the text further to the right, a positive number displays the text further to the left.
‘Text_Vertical_Location’ sets the vertical location of the text. “-1” sets the text at the open price of
the current bar, “-2” sets the text at the high price, “-3” sets the text at the low price, “-4” sets the
text at the close price. A positive number sets a fixed position as a percentage of the screen with “0”
being at the bottom, and “100” at the top.
‘Text_color’ sets the color of the text, e.g. enter “green”. A list of standard colors can be found here
http://www.w3schools.com/html/html_colornames.asp
‘Text_transparency’ sets the color transparency with “0” being invisible and “255” being a solid
color. This allows you to fade the text into the background.
‘Text_font’ changes the font of the text e.g. enter “Arial” or “Times New Roman”
‘Additional_Text’ allows you to tag text on to the end of the display e.g. “minutes” or “seconds”.
‘For_Volume_Use’ can usually be left at “0” (Auto). This will attempt to detect the type of volume
you are using on your chart and adjust itself accordingly. Sometimes, especially for longer period
tick or volume charts, you may wish to set this manually to match your chart. In this case it should
match the ‘For volume, use’ setting of the chart. “1” if the chart is set to ‘Trade Vol’ and “2” If the
chart is set to ‘Tick Count’.
Alerts
An alert is issued when ‘Alert_seconds_or_ticks_before_eob’ is met. So it can be x seconds before
the close of the bar on time charts, or x ticks before the close of the bar on tick charts. If this input is
left at ‘0’ then no alert is issued.
Data Window
There is no Data Window for this indicator.
Hawkeye Fatboy
Hawkeye Fatboy displays correlation between multiple symbols. Fatboy only works on Stocks,
Futures or Commodities.
Hawkeye Fatboy has a very specific chart setup and we recommend you only use the ‘Hawkeye
Fatboy’ Workspace.
Inputs
There are no user defined Inputs in this indicator.
Colors
You can change the line colors for the six symbols to your requirements.
Alerts
Alerts are issued when a particular symbol line crosses above or below the zero line.
Data Window
Fatboy displays the current value of each symbol line in the Data Window.
Chart Setup
You can change the comparison symbols in Fatboy by going to the main TradeStation menu and
clicking ‘Format’, ‘Symbol’.
Then select the symbol you wish to change and click ‘Format
Then enter a new symbol name in the ‘Symbol’ box or use ‘Lookup’ to find a symbol.
Hawkeye Fatman
Hawkeye Fatman displays correlation between multiple symbols. Fatman only works on Forex.
Hawkeye Fatman has a very specific chart setup and we recommend you only use the ‘Hawkeye
Fatman’ Workspace.
Inputs
There are no user defined Inputs in this indicator.
Colors
Alerts
Alerts are issued when a particular symbol line crosses above or below the zero line.
Data Window
Fatman displays the value of the currency line.
Hawkeye GearBox FX
Hawkeye GearBox FX displays the market speed – Slow, Normal, Fast, Ultra Fast - for the current
day.
GearBox FX is only for use with Forex symbols. It is always used in conjunction with GearChge FX.
Inputs
There are no user defined Inputs in this indicator.
Alerts
There are no Alerts for this Indicator.
Data Window
Hawkeye GearBox FX displays the speed in ticks of the Slow, Normal, Fast, UltraFast settings.
Chart Setup
The chart for GearBox FX needs to be setup in a very specific way. We recommend that you use the
supplied Hawkeye GearBox FX Workspace which gives you preconfigured charts. If you wish to
create charts from scratch then they must be set up as described below.
Under the ‘Settings’ tab, the interval of the chart needs to be set to the number of minutes in a full
day on that symbol. Typically for Forex symbols this is 1440 minutes.
Under the ‘Properties’ tab, the Session should be set to ‘Regular Session’
GearBox NDX is only for use with Stocks, Futures and Commodities symbols. It is always used in
conjunction with GearChge NDX.
Inputs
There are no user defined Inputs for this indicator.
Alerts
There are no alerts for this indicator.
Data Window
Hawkeye GearBoxNDX displays the speed in ticks of the Slow, Normal, Fast, UltraFast settings.
Chart Setup
The chart for GearBoxNDX needs to be set up in a very specific way. We recommend that you use
the supplied Hawkeye GearBoxNDX Workspace which gives you preconfigured charts. If you wish to
create charts from scratch then they must be set up as described below.
Under the ‘Settings’ tab, the interval of the chart needs to be set to the number of minutes in day-
trading session for that symbol e.g. the S&P Emini trades from 9.30am to 3.15pm EST. This is 405
minutes. So an S&P Emini chart would be set to 405 minutes. Different markets have different
opening hours so the number of minutes must be calculated accordingly.
Under the ‘Properties’ tab, you should set the correct session times for the underlying symbol. i.e.
the session should reflect the day-trading hours for that symbol.
Hawkeye GearChge FX
Hawkeye GearChge FX is used in conjunction with GearBox FX to calculate the current market speed.
The interval of the chart should be set to match the tick output from GearBox FX.
The color of GearChge FX represents the speed of the market as Slow, Normal or Fast.
Inputs
There are no user defined Inputs for this indicator.
Alerts
There are no alerts for this Indicator.
Data Window
Hawkeye GearChge FX displays the current color which represents Slow, Normal or Fast tick speed.
The color of GearChge NDX represents the speed of the market as Slow, Normal or Fast.
GearChge NDX is only for use with Stocks, Futures and Commodities symbols.
Inputs
There are no user defined inputs for this indicator.
Alert
There are no alerts for this Indicator.
Data Window
Hawkeye GearChge NDX displays the current color which represents Slow, Normal or Fast tick speed.
You select a bar using Analysis Commentary. From the main TradeStation menu click ‘View’, ‘Analysis
Commentary’ then click on a bar on the chart. To find out more about how to use Analysis
Commentary see the Section Using Analysis Commentary.
Hawkeye Grabba Auto is used in conjunction with Hawkeye Trend+Stops, and the Trend Speed must
match the Trend Speed in the Trend+Stops indicator.
Hawkeye Grabba Long only displays for long entries. Hawkeye Grabba Short only displays for short
entries. So these two indicators are not tied to Hawkeye Trend+Stops or a Trend Speed.
From Hawkeye v15 you can activate the Hawkeye Grabba indicators by holding down the Shift key
and left clicking on the chart. To turn off Grabba hold down both the Shift and Ctrl keys and left click
on the chart. This method does not require Analysis Commentary.
Inputs
‘Trend Speed’ is only shown in Grabba Auto. The ‘Trend Speed’ input can be set to: Normal (“n”),
Conservative (“c”), Aggressive (“a”). This setting must match the Trend Speed input in Hawkeye
Trend+Stops.
‘Show_Text’ allows you to display the text values of the lines. ‘0’ if off. ‘1’ displays the text to the
left of the line, on the main chart. ’2’ displays text in the right margin, and ‘3’ display text both in the
chart and in the right margin, as shown below
‘ExtendRight bars’ allows you to change the length of the horizontal lines to the right.
‘Text_Size’ and ‘Text_Font’ change the size and the font of the displayed text.
‘Start_color’, ‘Line1_color’ to ‘Line5_color’ and ‘Stop_color’ set the colors of the lines. A list of
standard colors can be found here http://www.w3schools.com/html/html_colornames.asp
‘key_modifier’ and ‘key_modifier_remove’ can be changed to use either Shift, Alt, or Ctrl click or
combinations of those keys. They are used with a left mouse click to set or remove the lines from
the chart. Note that we have changed the default ‘key_modifier_remove’ value to ‘Shift+Ctrl’ so
that it doesn’t conflict with the TradeStation Chart Trading application. Please be careful when
using chart clicking if you also use TradeStation’s Chart Trading application.
Alerts
There are no alerts for this indicator.
Data Window
There is no data window for this indicator.
Inputs
There are no user defined inputs for this indicator.
Alerts
An alert is activated when the histogram changes color.
Data Window
Hawkeye Heat Map displays the color of the histogram.
Inputs
‘Slow_Bar_Interval’ sets the interval of the second (slower/higher) time frame. This is entered as a
number which should be a direct multiple of the current bar interval, e.g. if the current bar interval is
5 then you should enter 10, 15, 20 etc. Alternatively, for tick and minute charts you can use the
syntax BarInterval*x where x is any integer.
Alerts
An alert is activated when the histogram changes color.
Data Window
Hawkeye Heat Map HT displays the color of the histogram.
Hawkeye KISS
Hawkeye KISS is a measure of market buying versus market selling. It displays as two lines.
Hawkeye KISS has a very specific chart setup and we recommend you only use the ‘Hawkeye KISS’
Workspace.
Inputs
There are no user defined inputs for this indicator.
Colors
You can change the color of the advancing and declining lines by changing the color of the ‘AD Ratio’
and ‘DA Ratio’ plots.
Alerts
There are no alerts for this Indicator.
Data Window
The AD Ratio and the DA Ratio represent the current values of the advancing and declining
calculations. The other outputs are the horizontal lines.
Chart Setup
You can change the comparison symbols in KISS by going to the main TradeStation menu and clicking
‘Format’, ‘Symbol’.
Then select the symbol you wish to change and click ‘Format
You select a bar using Analysis Commentary. From the main TradeStation menu click ‘View’, ‘Analysis
Commentary’ then click on a bar on the chart. To find out more about how to use Analysis
Commentary see the Section Using Analysis Commentary.
Hawkeye Levels ATR is used in conjunction with Hawkeye Trend+Stops, and the Trend Speed must
match the Trend Speed in the Trend+Stops indicator.
Hawkeye Levels ATRup only displays for long entries. Hawkeye Levels ATRdn only displays for short
entries. So these two indicators are not tied to Hawkeye Trend+Stops or a Trend Speed.
From Hawkeye v15 you can activate the Hawkeye Levels indicators by holding down the Shift key
and left clicking on the chart. To turn off Levels hold down both the Shift and Ctrl keys and left click
on the chart. This method does not require Analysis Commentary.
Inputs
‘Trend Speed’ is only shown in Levels ATR. The ‘Trend Speed’ input can be set to: Normal (“n”),
Conservative (“c”), Aggressive (“a”). This setting must match the Trend Speed input in Hawkeye
Trend+Stops.
‘ATR_Length_Exit’ and ‘ATR_Profit_Factor’ are used to calculate the different profit target levels
from one to eight.
‘StopLine_color’, ‘ZeroLine_color’ and PT Lines 1-8 colors can be set to suit your own preferences. A
list of standard colors can be found here http://www.w3schools.com/html/html_colornames.asp
‘key_modifier’ and ‘key_modifier_remove’ can be changed to use either Shift, Alt, or Ctrl click or
combinations of those keys. They are used with a left mouse click to set or remove the lines from
the chart. Note that we have changed the default ‘key_modifier_remove’ value to ‘Shift+Ctrl’ so
that it doesn’t conflict with the TradeStation Chart Trading application. Please be careful when
using chart clicking if you also use TradeStation’s Chart Trading application.
Alerts
There are no alerts for this Indicator.
Data Window
There is no data window for this indicator.
Hawkeye Pivots
Hawkeye Pivots displays isolated highs and isolated lows.
Inputs
‘Show_Extension_Lines’ enables you to turn on (“true”) and off (“false”) horizontal lines that extend
to the right by ‘Extension_Line_MaxLength’ bars. If ‘Extension_Line_MaxLength’ bars is “0” then
lines are extended to the right of the chart. These lines are drawn from the final high and low Pivots.
See the example below.
‘Extension_Line_Color’ sets the color of the extension lines. A list of standard colors can be found
here http://www.w3schools.com/html/html_colornames.asp
Alerts
An alert is triggered whenever a Pivot High or Pivot Low is detected.
Data Window
There is no data window for this indicator.
Hawkeye Roadkill
Hawkeye Roadkill works on two time frames simultaneously to provide analysis and entry signals. It
uses the current chart time frame and a second slower/higher time frame. This second time frame
must be of a longer period than the current chart.
The bottom histogram shows the Hawkeye Volume color on the second time frame. The middle row
of dots shows the Hawkeye Volume color on the second time frame. The top row of dots shows one
of four entry signals – Trend Entry, Trend Roadkill, Volume Roadkill, Volume Aggressive Roadkill.
Inputs
‘Fast_Trend_Speed’ is set to Normal, Conservative, Aggressive. This sets the Trend Speed for the
current chart.
‘Slow_Trend_Speed’ is set to Normal, Conservative, Aggressive. This sets the Trend Speed for the
second (slower/higher) time frame.
‘Slow_Bar_Interval’ sets the interval of the second (slower/higher) time frame. This is entered as a
number which should be a direct multiple of the current bar interval, e.g. if the current bar interval is
5 then you should enter 10, 15, 20 etc. Alternatively, for tick and minute charts you can use the
syntax BarInterval*x where x is any integer.
‘Trend_On’ turns the display of the second time frame Trend on (true) and off (false).
‘Volume_On’ turns the display of the second time frame Volume on (true) and off (false).
Alerts
Alerts are triggered whenever a Trend Entry, Trend Roadkill, Volume Roadkill, Volume Aggressive
Roadkill signal is generated.
Data Window
Hawkeye Roadkill shows the current status of all Roadkill signals by their color.
Hawkeye TimeBetweenBars
Hawkeye TimeBetweenBars displays the average time between bars, i.e. it is telling you how long
bars are taking to complete, and hence the speed of the market. This is a new indicator in Hawkeye
v15.
Hawkeye TimeBetweenBars only works on tick and volume charts. If it is placed on any other chart
type it will display the text ‘Only for tick/volume charts’.
Inputs
‘Bars_To_Count’ is the number of bars to include in the calculation. We calculate how long this
numbers of bars has taken to complete and take an average, giving an average time per bar.
‘Text_Fixed_Location’ sets the location of the display. “1” means the top left corner of the screen.
“2” is the top middle, “3” is the top right, “4” is the middle left, “5” is the centre of the screen, “6” is
the middle right, “7” is the bottom left, “8” is the bottom middle, “9” is the bottom right.“0” means
use the following two inputs.
‘Text_Horizontal_Location’ sets the number of bars offset from the far right bar. A negative number
displays the text further to the right, a positive number displays the text further to the left.
‘Text_Vertical_Location’ sets the vertical location of the text. “-1” sets the text at the open price of
the current bar, “-2” sets the text at the high price, “-3” sets the text at the low price, “-4” sets the
text at the close price. A positive number sets a fixed position as a percentage of the screen with “0”
being at the bottom, and “100” at the top.
‘Text_color’ sets the color of the text, e.g. enter “green”. A list of standard colors can be found here
http://www.w3schools.com/html/html_colornames.asp
‘Text_transparency’ sets the color transparency with “0” being invisible and “255” being a solid
color. This allows you to fade the text into the background.
‘Text_font’ changes the font of the text e.g. enter “Arial” or “Times New Roman”
‘Additional_Text’ allows you to tag text on to the end of the display e.g. “minutes” or “seconds”. By
default we have used “ mins/bar”.
Alerts
There are no alerts with this indicator.
Data Window
There is no data window for this indicator
Hawkeye Trend+Stops
Hawkeye Trend+Stops shows the current Hawkeye Trend color and the location of the Stops and
Barriers.
Inputs
‘Pull_in_Stop’, ‘Pull_in_Count’, ‘Pull_in_Stop_to’ can be enabled to reduce the Stop size after x
number of bars. The ‘Pull_in_Stop_to’ must always be a tighter Stop than the Trend Speed e.g. you
can pull in from Normal to Aggressive but you cannot pull in from Aggressive to Normal.
Note that you must also enable the indicator alerts. Please see the Section Working with Charts,
Alerts for further information on using alerts.
‘Bar_7_Progress’ turns Bar 7 Progress on and off. This displays an additional marker whenever the
Trend has remained constant for seven bars.
Alerts
If “Trend_Alerts” is enabled then an alert is issued whenever the Trend goes green for the first time,
or goes red for the first time.
If “Stop_Alerts” is enabled then an alert is issued when the Stop changes to green for the first time,
or to red for the first time.
If “Bar_7_Progress” is enabled then an alert is issued if the Trend remains a constant color for the
first seven bars.
Data Window
Hawkeye Trend+Stops displays the color and value for the Trend and Stops in the data window.
Inputs
‘Line_time’ is the time when the vertical line is drawn every day. This time should be in standard
EasyLanguage format i.e. HHMM.
If ‘Line_BarsWidth’ is “0” then a single vertical line will be drawn. If ‘Line_BarsWidth’ is greater than
“0” then a vertical rectangle will be drawn. You can, for example, show a shaded rectangle for the
first x bars of the open.
‘Line_color’ sets the color for the vertical lines. The standard colors can be found here
http://www.w3schools.com/html/html_colornames.asp
‘Line_color_transparency’ sets the color transparency for the vertical lines from “0” (transparent) to
“255” (solid). This setting allows you to shade the lines into the background.
‘Line_size’ is the width of the line which can be from “0” to “6”.
‘Line_style’ changes the type of line with “0” being a solid line and “1” to “5” being various types of
dashed/dotted lines.
Alerts
There are no alerts with this indicator.
Data Window
There is no data window with this indicator.
Hawkeye Volume
Hawkeye Volume shows the volume size and color for the Volume.
Inputs
There are no user defined inputs for this indicator.
Colors
You can change the colors of the histogram bars to suit your preference.
Alerts
An alert is triggered when the Volume color turns green (positive) or red (negative).
Data Window
Hawkeye Volume shows the Volume size and color in the data window.
Hawkeye Volume PB
Hawkeye Volume PB colors the price bars the color of the Volume bars. It can be used instead of
Hawkeye Volume to get Volume color without taking up additional screen real estate.
Inputs
There are no user defined inputs for this indicator.
Alerts
An alert is triggered when the Volume color turns green (positive) or red (negative).
Data Window
Hawkeye Volume PB shows the Volume color in the data window.
Inputs
There are no user defined inputs for this indicator.
Alerts
An alert is triggered whenever a Light, High or Ultra High signal is given
Data Window
Hawkeye Volume Radar shows the volume as Light, High or Very High in the data window.
Inputs
There are no user defined inputs for this indicator.
Alerts
An alert is triggered whenever a Wide Bar is detected.
Data Window
Hawkeye Wide Bar displays that a Wide Bar has been detected in the data window.
RadarScreen Indicators
Hawkeye RS Heatmap
Hawkeye RS Heatmap shows the current market sentiment as bright green, dark green, bright red
and dark red bars. ‘PB’ is the Heat Map color for the previous bar. ‘CB’ is the color for the current
bar.
Inputs
Alerts
An alert is activated when the current bar changes color.
Hawkeye RS Heatmap HT
Hawkeye RS Heatmap shows the current market sentiment as bright green, dark green, bright red
and dark red bars. ‘HMHT PB’ is the Heat Map color for the previous bar. ‘HMHT CB’ is the color for
the current bar.
Inputs
‘Slow_Bar_Interval’ sets the interval of the second (slower/higher) time frame. This is entered as a
number which should be a direct multiple of the current bar interval, e.g. if the current bar interval is
5 then you should enter 10, 15, 20 etc. Alternatively, for tick and minute charts you can use the
syntax BarInterval*x where x is any integer.
Alerts
An alert is activated when the current bar changes color.
Hawkeye RS Pivots
Hawkeye RS Pivots displays isolated highs and isolated lows.
Inputs
There are no user defined inputs for this indicator.
Alerts
An alert is triggered whenever a Pivot High or Pivot Low is detected.
Hawkeye RS Radar
Hawkeye RS Radar signals Light, High and Ultra High Volume.
Inputs
There are no user defined inputs for this indicator.
Alerts
An alert is triggered whenever a Light, High or Ultra High signal is given.
Hawkeye Roadkill RS
Hawkeye Roadkill RS works on two time frames simultaneously to provide analysis and entry signals.
It uses the current chart time frame and a second slower/higher time frame. This second time frame
must be of a longer period than the current chart.
The TrendHT column shows the Hawkeye Volume color on the second time frame. The VolumeHT
column shows the Hawkeye Voume color on the second time frame. The further four columns show
Trend Entry, Trend Roadkill, Volume Roadkill, Volume Aggressive Roadkill signals.
Inputs
‘Fast_Trend_Speed’ is set to Normal, Conservative, Aggressive. This sets the Trend Speed for the
current chart.
‘Slow_Trend_Speed’ is set to Normal, Conservative, Aggressive. This sets the Trend Speed for the
second (slower/higher) time frame.
‘Slow_Bar_Interval’ sets the interval of the second (slower/higher) time frame. This is entered as a
number which should be a direct multiple of the current bar interval, e.g. if the current bar interval is
5 then you should enter 10, 15, 20 etc. Alternatively, for tick and minute charts you can use the
syntax BarInterval*x where x is any integer.
Alerts
Alerts are triggered whenever a Trend Entry, Trend Roadkill, Volume Roadkill, Volume Aggressive
Roadkill signal is generated.
Hawkeye R Trend+Stop
Hawkeye R Trend+Stop shows the current Hawkeye Trend and the location of the Stops and Barriers.
Trend Direction will show Up, Down or Neutral. Trend, Stop and Barrier will show the relevant value
and will be colored according to the Trend Direction.
Inputs
‘Pull_in_Stop’, ‘Pull_in_Count’, ‘Pull_in_Stop_to’ can be enabled to reduce the Stop size after x
number of bars. The ‘Pull in Stop to’ must always be a tighter Stop than the Trend Speed e.g. you can
pull in from Normal to Aggressive but you cannot pull in from Aggressive to Normal.
Note that you must also enable the indicator alerts. Please see the Section Working with Charts,
Alerts for further information on using alerts.
Alerts
Alerts are triggered whenever the Hawkeye Trend changes color.
Hawkeye RS Volume
Hawkeye RS Volume shows the Hawkeye Volume direction. ‘PB’ shows the Volume color for the
previous bar. ‘CB’ shows the Volume color for the current bar.
Inputs
‘Up_color’, ‘Down_Color’, and ‘Neutral_Color’ sets the color for the Volume to your preferences. A
list of standard colors can be found here http://www.w3schools.com/html/html_colornames.asp
Alerts
An alert is triggered when the Volume color turns green (positive) or red (negative).
Inputs
There are no user defined inputs in this indicator.
Alerts
An alert is triggered whenever a Wide Bar is found.
Scanner Indicators
The TradeStation Scanner allows you to scan TradeStation’s entire symbol database to find symbols
that match your search criteria. It is different from RadarScreen in that a) it scans the entire
database (not just the 2000 symbols that RadarScreen is limited to), b) it runs at a fixed point in time
(so can’t be run live), and c) only finds signals up to the last closed bar.
Hawkeye Roadkill SC
Hawkeye Roadkill SC allows you to use the TradeStation Scanner to scan for Roadkill signals.
Click on ‘Scanner’.
Select the symbols to include in your Scan. You may also select symbols to exclude if you wish. Click
‘Next’.
Select the ‘Hawkeye Roadkill SC’ indicator for Scanner and click OK.
The ‘Operator’ is always set to “=” and the ‘Field/Value’ can be either “1”, “0” or “-1”.
Click on the plus/minus sign to the left of the indicator name to display the indicator/Scan
properties.
‘Fast_Trend_Speed’ is set to Normal, Conservative, Aggressive. This sets the Trend Speed for the
current chart.
‘Slow_Trend_Speed’ is set to Normal, Conservative, Aggressive. This sets the Trend Speed for the
second (slower/higher) time frame.
‘Slow_Bar_Interval’ sets the interval of the second (slower/higher) time frame. This is entered as a
number which should be a direct multiple of the current bar interval, e.g. if the current bar interval is
5 then you should enter 10, 15, 20 etc. Alternatively, for tick and minute charts you can use the
syntax BarInterval*x where x is any integer.
‘Load additional data’ tells Scanner how much data to load to run the calculations. This is equivalent
to the number of bars on a chart. You must be careful when working with multiple timeframe
indicators like Roadkill SC that that there is enough data loaded to calculate the higher/slower
timeframe.
The output consists of a list of symbols that have met the criteria.
A. Check you are using the correct Hawkeye Members’ User Name and Password. Try using a
different browser to access the site.
Q. I am getting the following error when I try to run the Hawkeye for TradeStation installer.
A. You have TradeStation open while you are trying to run the Hawkeye installer. Close down
TradeStation and rerun the install process.
Q. I am getting a license check error like the one below when I try and use Hawkeye.
A. Check that you have entered the TradeStation Customer Number correctly in the ‘My Account’
page in the Members’ site. Details of how to find your TradeStation Customer Number can be found
in the Section Before You Start, in the Hawkeye for TradeStation Installation Guide.
A. Check that you have downloaded the correct Hawkeye package from the Members’ site.
A. Check that you have an internet connection. Even a brief loss of internet connection can cause a
license error. Close TradeStation, reboot your PC and restart TradeStation.
A. The first step is to press ‘Ctrl R’ on the affected chart. This will refresh the chart. If this doesn’t
work you may need to clear the data cache.
• Shutdown TradeStation
• For 32-bit PC - Go to directory c:\Program Files\TradeStation 9.x\Program.
• For a 64-bit machine - Go to directory c:\Program Files (x86)\TradeStation 9.x\Program
• Delete the ‘Cache’ and ‘TCACHE’ directories
• Restart TradeStation
Q. I get the error “Only for tick/volume charts” appear on the chart when I apply Hawkeye
TimeBetweenBars.
Q. When I apply Hawkeye Fatman/Fatboy/KISS to a chart I get an error about ‘missing data x’.
A. Hawkeye Fatman/Fatboy/KISS need a special chart setup. You must use the pre-configured
Workspaces we provide. For example, Fatman.tsw is the TradeStation Workspace with Hawkeye
Fatman, setup and working properly.
Simply right-click on the chart, select "Copy Window", then go over to the Workspace where all your
other charts are, right-click again and select "Paste Window" to paste a copy of Hawkeye Fatman (or
Fatboy or KISS) onto your new workspace.
Q. My Hawkeye ADDS/ Levels ATR/Grabba indicators don´t appear when I apply them to the chart.
A. Hawkeye ADDS/Levels ATR/Grabba require the use of Analysis Commentary within TradeStation.
First apply the Hawkeye ADDS/Levels/Grabba indicator to the chart then go to the View menu,
choose ‘Analysis Commentary’ and then click on a bar on the chart. This will cause the Hawkeye
ADDS/Levels ATR / Grabba indicators to calculate from that bar.
To find out more about Analysis Commentary, see the Section Using Analysis Commentary in this
Guide.
If you cannot find the answer to your problem here, or if you need any other help at all, please
contact the Hawkeye Team at team1@hawkeyetraders.com
Alternatively use the following link to access our Support Page and complete a Contact Form:
Contact the Hawkeye Team
Please provide as much information as you can about your problem, including any error messages,
and screenshots showing the problem, and one of our Support Team will get back you as soon as
possible.
Additional learning resources are available from the Hawkeye Members’ site at:
HawkeyeTraders.com/Members/Resources
You can find information on further Hawkeye training, including Hawkeye seminars and one-to-one
mentoring, from the main Hawkeye website at: HawkeyeTraders.com/Education
When you are ready to delve deeper into the Hawkeye method join our monthly live Thursday Trade
Room. This room is only open to Hawkeye Members.
Register for the Thursday Training Room on the ‘Trade Room’ page of the Members’ site here
• Identify low risk trade entries using the Hawkeye suite of tools
• Analyze price action using Volume, the holy grail of indicators
• Identify strengths and weakness across all major markets
• Enter using trend and volume signals
• Manage and build positions
In short, how to get in, stay in, and when to get out!
To join simply send a Chat Room contact request to our Skype address: hawkeyetraderssupport
Please include your full name if different from your Skype ID to help us identify you as a Hawkeye
Member.
Fast Start
If you feel you still need some extra individual support getting up and running with Hawkeye, our
Fast Start service is designed to help.
With Fast Start, you get one full hour of a trained technician connected to your computer to setup,
diagnose, and answer all your questions related to MT4 setup, Hawkeye setup, installation, and
chart setup. To order our Fast Start service just click the link below.
TradeStation
This Indicator Guide is designed as an overview to help you get started with using your Hawkeye
indicators for TradeStation.
If you need more in depth information on using the TradeStation platform there are a number of
help and support resources available from TradeStation. Use the links below to access the
TradeStation website.