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Jan Arps Crown Jewels Toolkit

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Jan Arps’ Crown Jewels Tool Kit
 

The Jan Arps’ Crown Jewels Tool Kit is a suite of studies specifically designed for the analysis of price swings in all time frames.  Most of them are indicators that will help you to better understand and anticipate the ebbs and flows of price action. Be sure to experiment with the variable inputs described in the documentation to understand the methodology and impact of turning each of these tools to individual markets, time frames, and your personal trading ‘style’.
 
These studies are available as an add-on service to your eSignal subscription.  Click here for pricing. You can login to Account Maintenance to add it online or call our Customer Service Department 510-264-1700.
 

The Tool Kit contains the following indicators:
 
To apply the Jan Arps Crown Jewels studies to a chart, right-click in the chart window and select Insert Studies.  Left-click on the Add-on Studies tab and then the Arps Crown Jewels folder.
 
 
Arps AutoDivergence Tool
When an oscillator valley is shallower than the previous oscillator valley, while the price corresponding to the most recent oscillator valley is lower than the price corresponding to the previous oscillator valley, a Bullish "Pivot" diverging condition has occurred.  This generally signals a price reversal to the upside. Conversely, when an oscillator peak is lower than the previous oscillator peak while the price corresponding to the most recent oscillator peak is higher than the price corresponding to the previous oscillator peak, a Bearish "Pivot" diverging condition has occurred.  This generally signals a price reversal to the downside.
 
A Bullish "Trend" divergence occurs when an oscillator valley is deeper than its predecessor while the price corresponding to the most recent oscillator valley is higher than the price corresponding to the previous oscillator valley. A Bearish "Trend" divergence occurs when an oscillator peak is higher than its predecessor while the price corresponding to the most recent oscillator peak is lower than the price corresponding to the previous oscillator peak. Trend divergences, while more rare than Pivot divergences, are very strong price continuation signals, and trades taken with the trend on these signals have a high probability of continuing follow-through in the direction of the trend.

Summary of divergence types:
Pivot Buy Divergence = higher oscillator valleys, lower price lows
Pivot Sell Divergence = lower oscillator peaks, higher price highs
Trend Sell Divergence = higher oscillator peaks, lower price highs
Trend Buy Divergence = lower oscillator valleys, higher price lows



the arps divergence detector looks for and identifies when a divergence exists between price and a selected oscillator. the indicator plots a dot and a pair of letters when a divergence is detected. the letter code is as follows:

ps = pivot sell divergence
pb = pivot buy divergence
ts = trend sell divergence
tb= trend buy divergence










































Inputs



osc type: (default = slowd) other choices are fastd and arps fear/greed oscillator. click the small down arrow to make your selection.) this input gives you the option to choose among 3 different oscillators to use in the divergence determination. currently, you can choose between 3 oscillator types by entering a 1, 2, or 3.
OSC Length: (Default = 4 for SlowD, FastD and Fear/Greed) This input sets the “length” or “sensitivity” input for the oscillator you specify. Generally, the higher you make this value, the larger will be the trends the oscillator reveals.

Div Sensitivity: (Default = 2.5, Range = 1-10) This input is how you control the degree of divergence required to generate a signal. A value of 1 would mean that the study would look for the minutest divergence. A value of 5 would force the study to look for a divergence between two medium-sized peaks/valleys. Similarly, a Div Sensitivity setting of 10 would look for major divergences requiring large peaks/valleys. Some users run multiple versions of this study on the same chart at the same time with Div Sensitivity settings of 1, 5 and 10, for example, in order to spot confluence between minor and major divergences.

Arps Bull & Bear Flag Patterns
Many times a trending market will pause from its major trend to form a short-term correction pattern known as a “flag” pattern. Flag patterns can be subdivided into Bull Flags, a consolidation in an uptrend, and Bear Flags, a consolidation in a downtrend. These patterns usually form near the midpoint of a steep, quick price trend. The Arps Flag Pattern tools highlight bull and bear flag patterns that will help you to find potentially profitable breakouts from trend consolidation formations.
In a Bull Flag pattern, a line connecting the low of the most recent upswing to the high of that swing is known as the “Flagpole”. A trendline connecting the highs of the correction pattern and a parallel trend line through the lows of the correction pattern define the “Flag” portion of the pattern. The channel acts as support and resistance. In an uptrend, a close above the bull flag pattern signals the continuation of the previous uptrend. Similarly, in a downtrend, a close below the bear flag pattern signals the continuation of the previous downtrend.
 
When the price breaks above the Bull Flag Pattern or below the Bear Flag Pattern, a colored dot appears on the chart at the point of the breakout and an alert is triggered. At this point the projected target will begin to plot. If no breakout occurs within the maximum number of breakout bars after the flag has been identified, the pattern is invalidated and subsequent moves in the direction of the flag will not be recognized. This reduces the likelihood of identifying a breakout based on a long-ago flag pattern.
 

When selecting a flag pattern to trade, it is important to select flags that form after a large, quick price move. If prices are meandering up or down and form a flag, then look elsewhere. The flag must be at a place where the market can take a breather from a rapid trending move. Prices will then move against the main trend for several bars before continuing on. Flags are usually half-mast trades in strong trends. They generally form in the center third of the range of the larger trend. In other words, Flags usually show rises that almost exactly match the gain leading to the formation. This tendency provides the trader with the opportunity to put on a relatively low-risk trade with a potential profit target from the bottom of a bull flag to a point equal to the length of the flagpole.

 
Bull Flag pattern with confirmed breakout signal dot that fulfilled the projected target:
 

Bear Flag pattern with confirmed breakout signal dot that has not fulfilled the projected target:
 
 
Inputs
 
 

Minimum Pole Bars: The minimum number of bars in a flagpole. Typically, the number of bars in the flag portion of the pattern (Minimum Flag Bars) should be no less than 4 and no more than 8.
Minimum Flag Bars: The minimum number of bars in a flag. The flagpole should have at least 7 bars, but in all cases Minimum Pole Bars should be greater than Minimum Flag Bars. A Minimum Pole Bars setting of 12 or so works well in smaller time frames. 

Bars to Disable Breakout: If a breakout doesn’t occur within this number of bars after the flag has been identified, the flag breakout is no longer valid.

Max Pullback Percent: The number of points in the pullback from the flag high to the flag low cannot exceed this percent of the length of the pole, i.e., maximum percentage retracement of flag to flagpole. The Max Pullback Percent is defaulted to 50%. Reducing the Max Pullback Percent to 35 percent or so will filter out many potential flag patterns

Enable Volume Filter?: When checked, it turns on an additional filter to require the volume in at least one bar of the flag pullback to be lower than the average volume over the last 50 bars. (The volume nearly always recedes over the course of a flag formation.)

Target Multiplier: the indicator plots a target line at a distance equal to the length of the flag pole once a valid breakout has occurred. To increase or decrease the target distance, the user can insert a number greater or less than 1, such as .5 or 1.5.
 
The other inputs allow you to customize the display of the indicator- to plot or not plot the target line, the flag, the flag pole, the color of the flag, enable alerts, etc.
 
Arps Fear-Greed Index (Radar1)
This study creates a histogram based on the relationship between price changes and volume changes to measure the ratio of buying strength to selling strength. The length and color of the histogram bars tell us whether the Bulls or the Bears are in control at any particular point in time. It is an excellent oscillator for divergence analysis and for identifying trend persistence and works in real time on charts in any time frame, either intraday or end-of-day.

When the Arps Fear/Greed Index is in the green zone, buying pressure exceeds selling pressure and the Bulls are in control. The height of green upward-pointing histogram bars is an indicator of the strength of the Bulls’ buying pressure. Conversely, if the Arps Fear/Greed Index histogram is in the red zone, selling pressure exceeds buying pressure and the Bears are in control. The depth of the red downward-pointing histogram bars is an indication of the strength of the Bears’ selling pressure.



The Arps Fear/Greed Index serves as an excellent turning point indicator in all kinds of markets because it usually begins to turn before the price does. It generally reveals the exhaustion of the Bulls/Bears while the price is still moving up/down of its own momentum. If a sudden move in price is not confirmed or anticipated by a similar move in the Arps Fear/Greed Index, it usually means a fake-out swing and represents a move to be ignored or faded.

The Arps Fear/Greed Index often creates a characteristic "double peak" or "double valley" pattern prior to a major price reversal. On the other hand, if the pattern is a smooth up-and-down curve interrupted with no more than a minor dip, the chances are that the existing trend will continue further.

When an Arps Fear/Greed Index valley is shallower than its predecessor while the price corresponding to the most recent Arps Fear/Greed Index valley is lower than the price corresponding to the previous Index valley, a diverging condition has occurred that generally signals an imminent price reversal to the upside. Conversely, when a the Arps Fear/Greed Index peak is lower than its predecessor while the price corresponding to the most recent Index peak is higher than the price corresponding to the previous Index peak, a diverging condition has occurred that generally signals an imminent price reversal to the downside.

This index often exhibits a typical pattern behavior of twin peaks or valleys. When you see a single substantial peak or valley, be prepared to see its "twin" appear after a brief pullback.

The Arps Fear/Greed Index is an extremely robust indicator that works equally well on end-of-day data and intraday data.

Inputs
 

Sensitivity: (Default = 4 Range 1-10) Lower numbers make the indicator more sensitive, meaning changes in price action will affect this indicator more rapidly. The optimum value for this input factor will vary from market to market and time frame to time frame. You will be able to use the Fear/Greed Index most effectively by tailoring this input factor to the chart you are evaluating. It was designed to give you the maximum control over the market trends you are most interested in.
Bounded?: (Default = False) The Arps Fear/Greed Index is typically used as a non-bounded oscillator. This means that there is no upper or lower limit to the values it can display. Setting the BOUNDED input to "True" activates a normalization algorithm to limit the range of the oscillator from 0 to 100.

Arps Floor Pivots Daily/ Weekly/ Monthly Support-Resistance Lines
It used to be that many traders on the floor of the exchange, most of whom would be too busy to do sophisticated calculations during the trading day, would come into the pits in the morning with a set of price levels written on a little card which represent the predicted intraday support/resistance levels for the upcoming trading day. These price levels, based on the Floor Traders’ Pivot Formulas, would be calculated based on the values of the previous day’s high, low, and close, as follows:

Avg Price = (H+L+C)/3
Resistance 2 = Avg Price + H - L;
Resistance 1 = 2*Avg Price - L;
Support 1 = 2* Avg Price - H;
Support 2 = Avg Price + L - H;

Since the “Secret” Floor Pivot formulas have become common public knowledge, they have also become self-fulfilling prophecies and other traders have begun to “gun” for them.

Research at Jan Arps’ Traders’ Toolbox has shown that not only do the Pivot Point calculations work well for intraday price action, but they also have been found to be quite effective over larger time frames, such as daily, weekly and monthly charts, to pinpoint potential support and resistance levels. Research has also shown that the midpoints between the classic support/resistance lines have become very significant support and resistance levels.

Accordingly, the Arps Pivot Points Monthly, Arps Pivot Points Weekly, and Arps Pivot Points Daily indicators were developed to provide the user with a set of guidelines for the expected price range over the current monthly/weekly/daily period. Increased potential for price support or resistance occurs at levels of confluence of the pivot lines for the different time frames.

These tools also provide the capability of calculating an additional pair of lines, S3 and R3, which extend the support-resistance levels beyond the standard S2,S1,Pivot,R1, and R2 lines. Because the midpoint lines are also critical support-resistance levels, a midpoint line capability is also included in these tools. Try them and see if you don’t find a lot of support and resistance at these levels.
 
 
Inputs
 
 
Only Plot Current Day: Period (Default=False) When set to “True”, will only plot the support-resistance line for the most recent period, to reduce chart clutter.
Enable R3 S3: (Default=True) When set to “True”, will display the R3 and S3 lines, in addition to the standard support-resistance lines of R1, S1, R2, S2, and Pivot.
Plot Midlines?: (Default=False) When set to “True”, will display the midpoint lines between the standard support-resistance lines of R1, S1, R2, S2, and Pivot.
 
Arps Hurst Bands
This indicator plots a series of support and resistance channel lines around a polynomial regression centerline. The formula for the centerline takes the form, a + bx +cx2 + dx3 + ex4 …. The Arps Hurst Bands are spaced so that each channel represents one-half sigma, or standard deviation.

Prices tend to regress toward the mean, which is represented by the blue centerline on the Arps Hurst Bands chart. It has been observed that when prices cross outside the outer boundaries of the Arps Hurst Bands they almost invariably return to the centerline (reversion to the mean).

The three curvilinear bands above and below and paralleling the centerline represent one, two and three sigma (standard deviations) of the closing prices from the mean centerline. There is only a five-percent chance that prices will exceed the 2-sigma, and less than a one-percent chance that they will exceed the 3-sigma line. So, when prices reach these bands, a relatively low-risk entry opportunity presents itself to trade in the opposite direction of the current move.

Since this particular indicator draws channels retroactively, it will only draw channel lines from a number of bars back equal to the Length input value. In other words, if Length is set to 150 bars, the indicator will only plot its values for the last 150 bars. Whenever a new bar is created on the chart, the indicator is recalculated based on last current 150 back. The more bars back you select, the less sensitive the curvature of the indicator will be. We have found that values between 75 and 150 bars work best.
 
There four Arps Hurst Band studies: Actual, Centerlines, Historic, and Oscillator.

Arps Hurts Bands - Actual
As you watch the Arps Hurst Bands in action on a real-time chart, you will see that the shape of the bands changes on each bar as the first bar of the previous bar’s regression calculation is dropped from the calculation and the new bar is added into the calculation. Thus, the Arps Hurst Bands – Actual indicator plots the progress of the end point of the Arps Hurst Bands – Historic indicator for each bar on the chart. Thus the Arps Hurst Bands - Actual indicator permits a continuous evaluation of how the relationships of the sigma standard deviation bands changed with time and how the end points looked at the time that particular bar was the last bar on the chart.

If you overlay the Arps Hurst Bands-Historic indicator with the Arps Hurst Bands-Actual indicator, both with the same settings, you will see that the value of the Historic lines on the last bar of the chart will match exactly the value of the corresponding Actual lines on the last bar. In effect, the Arps Hurst Bands - Actual indicator represent a “trail of crumbs” showing where the Arps Hurst Bands-Historic were when each bar was the last bar on the chart. The usefulness of this indicator is to show how the Arps Hurst Bands calculations have behaved in the past as the regression channels are recalculated on every bar.

 
Inputs
 
 
Calculate this Order: (Default = third; Options are first, second, third, or fourth) This is where you select the order of the polynomial regression equation. An order of 1 will plot a linear regression channel. A “second” order will plot a single-curve channel. The “Third” and “Fourth” order will plot progressively more complex curves.
Over this length (30-200): The higher the value, the less sensitive the indicator becomes. The optimum value for this input factor will vary from market to market and time frame to time frame.

Arps Hurst Bands - Centerlines
Another use for the Arps Hurst Bands - Actual calculations is to plot the Arps Hurst Bands Centerline on a chart twice using two different settings for the Order input. The example below shows a blue Arps Hurst Bands-Actual line of Order 3 and a red Arps Hurst Bands-Actual line of Order 4. Note how closely the blue line follows behind price and how responsive it can be to changes in trend direction. When the red crosses the blue, the price is often about to reverse direction. The use of these lines in trend analysis opens a whole new area of potential for better technical analysis tools.
 
 
 
Inputs
 
 
Calculate this Order: (Default = third; Options are first, second, third, or fourth) This is where you select the order of the polynomial regression equation. An order of 1 will plot a linear regression channel. A “second” order will plot a single-curve channel. The “Third” and “Fourth” order will plot progressively more complex curves.
Time Horizon Line 1 (30-200): The higher the value, the less sensitive the oscillator becomes. The optimum value for this input factor will vary from market to market and time frame to time frame.
Time Horizon Line 2 (30-200): The higher the value, the less sensitive the oscillator becomes. The optimum value for this input factor will vary from market to market and time frame to time frame.

arps hurst bands - historic
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


 
 
Inputs
 
 
Calculate this Order: (Default = third; Options are first, second, third, or fourth) This is where you select the order of the polynomial regression equation. An order of 1 will plot a linear regression channel. A “second” order will plot a single-curve channel. The “Third” and “Fourth” order will plot progressively more complex curves.
Over this length (30-200): The higher the value, the less sensitive the indicator becomes. The optimum value for this input factor will vary from market to market and time frame to time frame.
 
Arps Hurst Bands - Oscillator
The Arps Hurst Bands Oscillator indicator, shown as the oscillator in the lower portion of the price chart below, plots on a straight-line scale the relationship between the price and the Arps Hurst Bands – Actual. The band lines above and below the oscillator represent the “straightened out” 3-sigma channel boundaries, while the centerline represents the “straightened out” centerline. The purpose of this indicator is to normalize the price in terms of standard deviations from the centerline, thereby displaying when prices are overbought or oversold.
 

 
Inputs
 
 
Calculate this Order (Default = third; Options are first, second, third, or fourth): This is where you select the order of the polynomial regression equation. An order of 1 will plot a linear regression channel. A “second” order will plot a single-curve channel. The “Third” and “Fourth” order will plot progressively more complex curves.
Time Horizon (30-200): The higher the value of Time Horizon, the less sensitive the oscillator becomes. The optimum value for this input factor will vary from market to market and time frame to time frame.

Arps Price Leader Acceleration Oscillator (Radar 2) 
The Arps Price Leader Acceleration Oscillator (Radar 2) is an excellent acceleration-based early warning indicator. This indicator is very useful in all markets and time frames for identifying impending changes in direction. A crossover of the red Fast Price Leader line over the green Slow Price Leader line signals an impending change in direction for the market. Price direction changes are confirmed by a crossover of the Slow Price Leader line over the 50 center line.

When the Arps Price Leader Acceleration Oscillator (Radar 2) is above the 50 center line, it means that price is still accelerating to the upside. When the Arps Price Leader Acceleration Oscillator (Radar 2) crosses below the 50 center line, it means that price acceleration has reversed and the momentum is now slowing. The greater the prior excursion away from the center line, the stronger the price move will be in the opposite direction when the Arps Price Leader "slingshots" back across the center line. A curling over of the Fast Price Leader line and a subsequent crossing of the Slow Price Leader line are indicative of an impending turn in the price trend. You will also frequently see a characteristic "mini double top/bottom" in the Fast Price Leader line over a 3- to 6-bar interval, which usually is the precursor to a significant reversal in trend.

Not only does the direction of the oscillator change just before major tops and bottoms, but, even more importantly, most of the time, divergences appear between the Arps Price Leader oscillator and the price bars to confirm the pending change in market direction. This means that it frequently works best if you ignore the first reversal in the oscillator and wait for the second. If the two peaks or valleys in the oscillator show a divergence from the price tops and bottoms, the odds are greatly increased that a major turning point is at hand. The Arps Price Leader oscillator is a powerful trading tool that can lead to consistent profits when used with trading discipline.
 
 
Inputs
 

Fast Line Sensitivity: (Default = 6, Range = 1-10)
 This input controls the sensitivity of the fast Price Leader line. Higher numbers make it smoother but cause crossover signals to occur later.
Slow Line Sensitivity: (Default = 6, Range = 1-10) This input controls the sensitivity of the slow Price Leader line. Higher numbers flatten the line and increase the spread between the fast and slow lines.
Note: The above settings of 6 and 6 have been carefully chosen to produce optimum performance and should not be changed capriciously. For best results, spread the chart out with wide bar spacing to more clearly identify crossover points.
Overbought Zone and Oversold Zone: (Default 50 and 50, to create a centerline) These inputs control the level of the OverBought and OverSold boundary lines. These lines are for the benefit of the viewer who wishes to identify and mark a particular value as overbought or oversold. Because the Arps Price Leader can be an unbounded oscillator, the above two inputs both have default values of 50 so as to draw a center line for the oscillator, but you may wish to change them to set overbought and oversold levels for the particular chart you are using.

Arps Price Magnets
One of the most effective tools for generating support/resistance levels is the Arps Price Magnets Up/Down set of indicators. These indicators are based on a revolutionary new concept developed by Jan Arps’ Traders’ Toolbox to define price projection zones based on price swing analysis. The indicator is fully automatic and plots on the price chart a set of horizontal lines that define significant future support/resistance targets based on price patterns generated by previous swings.
 
As you watch the Price Magnet support/resistance levels develop in real time on your charts, you will be amazed at the uncanny way they draw the price to them. In downtrending markets, you will often see a stairstep effect as the Price Magnet Up target lines follow the trend down. In this situation, the first time you see a Price Magnet target zone being drawn at a price level higher than the previous one that was on a stair step down, prices are usually ready to turn, and this new Price Magnet zone is often penetrated with increasing momentum. A comparable relationship can be seen in uptrending markets.
 
The Arps Price Magnets Up indicator projects resistance zones above the market and Arps Price Magnets Down projects support zones below the market. More than 75 percent of the time, these Price Magnets will draw the prices to them and provide resistance/support when the prices reach them. On those occasions when prices do not stop and reverse at the Price Magnets but trade on through them, the price movement usually continues with increased strength while the Price Magnet resistance levels become support levels and support levels become resistance levels.
 
If a new swing pattern is detected that qualifies as a Price Magnet swing, a revised Price Magnet target line is calculated and plotted on the price chart. A specific Price Magnet line continues to be valid and plotted on the chart until the price reaches the Price Magnet target or until price action has created new magnets that have a greater relevancy to current price.
 

In the example shown above, the blue lines are Price Magnets Up and the red lines are Price Magnets Down. Observe where the lines began plotting. This is the point in time where the Price Magnets algorithm calculated the location of the next Price Magnets support/resistance level. Notice also how Price Magnets cluster, showing strong support or resistance at that level.

The fact that a Price Magnet line may stop plotting does not mean that the support/resistance level is no longer valid. The projection for support/resistance at that level is still valid until the price reaches it.

Inputs
 


Strength (Default = 5, Range = 1-10) This input defines the magnitude of the swings to be used in establishing the Price Magnet targets, and, therefore, the sensitivity of the Price Magnets indicator. The larger the Strength input value, the more significant the price swing needs to be to establish a new Price Magnet line. Higher values will produce magnets that correspond to longer-term trends, and you will probably see fewer of them. Some users prefer to run the Price Magnets indicator more than once on the same chart using different Strength values and different colors for the target lines in order to see both the major and minor price targets.
Lookback(Default = 70, Range – 20-200) This input defines the interval (in number of bars) over which the indicator will search for the price swing pattern that will define the target zone. The total number of bars on the chart should be no less than approximately 8 - 10 times the value of Lookback.

Normally, a little experimentation will be necessary to establish the optimum values for Strength and Lookback for each chart window. The default Lookback value is set for 70 bars, but, if you have a daily or weekly chart with less than 300 bars, you should reduce the Lookback value.


arps pro-mom trend-bars
this set of enhanced trend bar studies is highly accurate in revealing the overall trend direction. when the bars are painted blue, an uptrend is underway. when the bars are painted red, a downtrend is underway. the greater the number of consecutive bars painted, the more reliable is the trend detection on any time frame. when alternating clusters of red and blue bars appear, it suggests a sideways market with no real trend.

. 


inputs


strength: (default = 3, range = 1-10) the higher you make this value, the stronger will be the trends it reveals. the optimum value for this input factor will vary from market to market and time frame to time frame. you will be able to use the pro-mom trend bars most effectively by tailoring this input factor to the chart you are evaluating. it was designed to give you the maximum control over the market trends you are most interested in.
 
Arps Pullback 23
Successful traders are constantly looking for the opportune points of entry into the markets, and pullbacks in a trend often present ideal opportunities to get into a trade before it gains or regains too much momentum. These are the opportunities the ARPS PULLBACK 23 is looking for.
 
This tool monitors any chart in real time, on any time-frame, for a specific combination of forces to be applied to the price action. It looks from several unique perspectives for those rare occasions when certain patterns are aligned together like a contrapuntal choir of harmonious voices. When this infrequent but synchronous event appears, you are alerted with a Signal Dot on the chart and, if enabled, an alert on your screen or e-mail as well. These are powerful setups which, when they do occasionally come into alignment, provide excellent opportunities for early trend entry or short term profit scalping. The “setup” also includes an exit indication which you can toggle on or off depending on your trading style.
 

There are four primary input parameters which should be harmonized with the chart resolution and volatility of the markets you are studying. They are all different forms of sensitivity and can be adjusted like the equalizer on your sound system. The Treble input represents the higher frequencies to be monitored while the Bass setting looks at lower frequencies; and thereby adjusts how often, how timely, and how reliable the signals are apt to be. Lower numbers in the Bass setting will provide quicker, more frequent, and slightly less reliable signals. The Tempo setting will adjust the time oscillations used in this study; and the Chromatic setting fine tunes the tool to its optimal relationship to the chart being examined.

In addition to the above listed input parameters, the ARPS PULLBACK 23 offers a Show Exit toggle which will enable a different colored dot to appear when the setup detects its initial momentum is fading. You can also choose your own color selection for the Bullish and Bearish dots that will be plotted on your chart.
 
Inputs
 

Treble: (1-40) Lower numbers provide quicker indication.
Bass: (1-40) Higher numbers provide later but more reliable signals.
Tempo: (10-50) Lower numbers will generally find fewer but more reliable opportunities.
Chromatic: (0-5) Don't be afraid to fine tune this one with decimals.
Show_Exit: Check if you want the tool show you the exit signals for this setup.
Show_Bullish: Check to show bullish signals
Show_Bearish: Check to show bearish signals
Show_Setup: Check to plot signals on your chart
Up Color: (blue) Choose any color name your charting platform recognizes.
Down Color: (red) Choose any color name your charting platform recognizes.

Arps Range Finder
This powerful analysis tool gives the user an immediate indication at the day’s Open whether the day is likely to be an "Up" day, a "Down" day or a "Sideways" day.

The Arps RangeFinder draws a set of three horizontal lines on an intraday chart. These lines consist of a green High Support line, a red Low Resistance line and a cyan Daily Midline. If the price opens above the High Support line, we can assume that today will be an upward-trending day and that the High Support line will serve as a support level for prices during the day. Conversely, if the price opens below the Low Resistance line, we can assume that today will be a downward-trending day and that the Low Resistance line will serve as price resistance. If the price opens between the two lines, the lines will define the expected trading range for the day.

Many first-time users believe these tools represent an accurate projection of what tomorrow’s trading range will be. This is not necessarily the case. Instead, what is important is to observe how the price trades during the day with respect to these support/resistance lines. If price opens above the High Support Line, then subsequently makes a significant break below this line, there is a high probability that prices will continue to decline all the way to the Low Resistance Line. Conversely, if the price opens below the Low Resistance Line, then subsequently makes a significant break above this line, there is a high probability that prices will continue to rise all the way to the High Support Line.
 
 
Inputs
 
 
Inputs allow user to change colors, set alerts, and set study line styles.

Arps Super Paint Permission Screen
The Arps SuperPaint Permission Screen tool is used as a confirming indicator in conjunction with other tools to give an indication as to when it is advisable to take a long or short position. When the permission screen is blue, only buy signals should be considered. When the permission screen is red, only sell signals should be considered.
 
This tool is based on the Arps Price Leader algorithm, which is a very sensitive, acceleration-based oscillator. It detects small direction changes, so should be used with caution as an entry/exit tool of itself, but it can serve as a setup tool in conjunction with other triggers.
 


Inputs
 

Fast Line Sensitivity: (Defaut = 2, Range = 1-10) Higher numbers cause color changes to occur more slowly.
Slow Line Sensitivity: (Default = 8, Range = 1-10) Higher numbers decrease the sensitivity of the overall indicator.

Arps Trender and Trender Pullback Tool
The Arps Trender is a powerful indicator that keeps you in the trend. When the trend is up, the Arps Trender plots a blue line below the price bars. When the trend is down, it plots a red line above the price bars.  Notice how closely the Trender follows the price while giving it enough room to swing without triggering a Trender reversal until the trend has completed its run.
 
The large colored dots are created by the Arps Trender Pullback tool and identify points where price has pulled back into the Trender without closing beyond it. These points represent excellent entry prospects in anticipation of a continuation of the previous trend.
 

Inputs



sensitivity: (default = 2, range 1-10) this input controls the sensitivity of the arps trender lines. a value of 1 is most sensitive, reflecting more short-term trend changes while a higher value is less sensitive, better reflecting the longer-term trend.
 
Use Close?: (Default = True) This is a true/false input that controls the changing of trend direction identification. When Use Close is set to "False," the trend direction changes to "up" when the price high crosses above the Arps Trender downtrend line. Similarly, the trend direction changes to "down" when the price low crosses below the Arps Trender uptrend line. When Use Close is set to "True," the trend direction changes to "up" when the CLOSE crosses above the Arps Trender downtrend line. Similarly, the trend direction changes to "down" when the CLOSE crosses below the Arps Trender uptrend line.

Arps Trend Exhaustion 1 (R2) 
The Arps Trend Exhaustion 1 (R2) tool uses the Arps Radar 2 Price Acceleration Oscillator to study the nature of price action to recognize internal signals which often lead to price reversals on the chart. One of Jan Arps' most popular tools, Radar 2 is based on a proprietary algorithm which looks for subtle changes in the behavior of the price to detect changes in strength or weakness of the trend, which is confirmed by a cross of the FastLens and SlowLens lines. TE-1 can also be successfully utilized in the manner of many typical oscillators, by monitoring for a cross below or above dynamic overbought or oversold zones. When such conditions exist this Trend Exhaustion tool plots a dot above or below the price and, like all of the Arps Trend Exhaustion tools, it can also send you an alert when it has recognized such an opportunity.
 
Early Warning System and Automatic OBOS Zone Components
When the input parameter “Use_Overbought/Oversold Cross?” is checked then the tool will automatically calculate dynamic overbought and oversold lines based on the volatility of the indicator over a user defined lookback period. When that parameter is NOT checked, then you can manually input your own Price Leader levels to define the overbought and oversold zones.

Since this tool is based on our Radar2 Price Acceleration indicator the “warning” signal is generated when the fast line converges toward the slow line. In order to generate a warning signal using

OBOS mode, the fast line must be beyond the OBOS threshold and converging toward that threshold. If the fast line crosses the slow line before the fast line crosses the OBOS threshold, the tool will generate signals on the earlier cross of the oscillator lines.

You have three ways you can use Trend Exhaustion 1:
1) Generate signals on automatically calculated OverBought/OverSold Zone crosses - check both the “Use_Overbought/Oversold Cross?”, and the “Automate Overbought/Oversold” .
2) Generate signals on manually calculated OverBought/OverSold Zone crosses - check the “Use_Overbought/Oversold Cross?”, and do not check the “Automate Overbought/Oversold” . Now you can manually input the OB Zone and OS Zone levels of your choice. Zero is a good option for this because it will provide signals when the fast Price Leader fast line moves from acceleration to deceleration.
3) Generate signals every time the Radar2 Price Leader fast line crosses the Slow Line- do not check “Use_Overbought/Oversold Cross?”. Price Leader fast/slow line crossing signals will display as “TE1” with the appropriate trend color.
 

Inputs
 

Fast Lens Sensitivity: (1-10) The Fast Lens of the Radar2 Price Leader. The higher the setting the fewer and later the dots.
Slow Lens Sensitivity: The Slow Lens of the Radar2 Price Leader. Lower settings tend to create more frequent signals.
Use_Overbought/Oversold Cross?: Check if you want to indicate a cross from an overbought or oversold threshold. Uncheck to indicate turning points in the oscillator.
Automate Overbought/Oversold?: Check to have automatic calculations of the OB and OS thresholds. Uncheck to input your own values for the OB and OS zones.
OBOS Lookback: The lookback period for the automatic OBOS calculations.
OBOS Sens: Sensitivity setting for the automatic OBOS calculations. Higher numbers will cause the OBOS zones to be farther away.
OverBought Zone: (0 to 300) Indicates the overbought threshold. Leave blank when using the Automate OBOS_Zones. Input a number of your choosing when not using the auto OBOS zone calculator.
OverSold Zone: (0 to -300) Indicates the oversold threshold.
Show_Bullish: Set to true to display bullish signals
Show_Bearish: Set to true to display bearish signals
Plot Spacing: (1-10) Smaller numbers plot the dot closer to the high or low of the bar generating the signal.
Dot Size: (1-10) Allows you to adjust the way the signal dot looks on your chart.
Plot text: check to display signal text on chart
Up Color: (green) Use a color name your platform recognizes.
Down Color: (red) Use a color name your platform recognizes.

Arps Trend Exhaustion 2 (EMRY)
Unlike TE-1 which looks at price movement, the Arps Trend Exhaustion-2 study focuses its analytical eye on price patterns that are typically indications of impending price reversals. In order to accommodate varying trading styles, from intra-day short term volatility to longer term trending markets, we have included two primary input settings to calibrate the tool to the markets being studied. These inputs are “Sensitivity” and “Resolution”. Sensitivity settings range from 1-10 with 1 being the most sensitive producing more dots. The resolution setting allows you to calibrate the tool from a micro to a macro perspective, which may vary with the trending nature of the market. It also typically ranges from 1-10 with a higher number generally producing more signals. Lower numbers tend to work better in trending markets.

Early Warning System Component
This tool looks for Trend Exhaustion 2 signals identified by specific price patterns. When some but not all of the conditions of those price patterns come about, the tool will generate a “warning” signal.

 
Inputs
 

Sensitivity: (1-10) Lower numbers usually plot more signals.
Resolution: (1-10) Generally lower numbers work better in trending markets and higher numbers in choppy markets.
Show_Bullish: Check to display bullish signals
Show_Bearish: Check to display bearish signals
Show_Setup: Check to display indicator signals
Up Color: (blue) Use a color name your platform recognizes.
Down Color: (magenta) Use a color name your platform recognizes.
Plot Spacing: (1-10) Smaller numbers plot the dot closer to the high or low of the bar generating the signal.
Dot Size: (1-10) Allows you to adjust the way the signal dot looks on your chart.
Plot text: check to display signal text on chart

Arps Trend Exhaustion 3 (GD) 
The Arps Trend Exhaustion 3 tool takes a look at the market through the filter of several different concomitant proprietary analytical techniques, and plots its signals when enough of the indications agree on the likelihood that the current bar represents significant trend exhaustion. This tool is particularly adept at identifying possible swing points in real time providing you with timely exit warnings in trending markets.
 
Early Warning System Component
This tool looks for a confluence of chart patterns and indicator conditions. When some but not all of the requirements for the indicator conditions are met, then the tool will plot a 'warning' signal in anticipation of the fulfilled Signal Dot conditions.
 
 
Inputs
 

Sensitivity: (2-75) Typically lower numbers will produce fewer signals in a trending market.
Show_Bullish: Check to display bullish signals
Show_Bearish: Check to display bearish signals
Show_Setup: Check to display indicator signals
Plot Spacing: (1-10) Smaller numbers plot the dot closer to the high or low of the bar generating the signal.
Dot Size: (1-10) Allows you to adjust the way the signal dot looks on your chart.
Plot text: Check to display signal text on chart

Arps Trend Index (Radar 3)
This powerful oscillator from Jan Arps’ Traders’ Toolbox has been designed to give the user the clearest possible insight into the direction of the overall trend. The plot is displayed as a magenta/blue histogram. When the bars are blue and above the centerline, the trend is up. Magenta bars above the centerline indicate a pullback in an uptrend. When the bars are magenta and below the centerline, the trend is down. Blue bars below the centerline indicate a pullback in a downtrend. This is a very robust indicator that works across all time frames.
 
. 
 
inputs

 

sensitivity: (2-75) typically lower numbers will produce fewer signals in a trending market.
show_bullish: check to display bullish signals
show_bearish: check to display bearish signals
show_setup: check to display indicator signals
plot spacing: (1-10) smaller numbers plot the dot closer to the high or low of the bar generating the signal.
dot size: (1-10) allows you to adjust the way the signal dot looks on your chart.
plot text: check to display signal text on chart
 
Arps Triple Trender
The Arps Triple Trender tool gives you the power to Trade with the Trend in the equivalent of three different time frames: Long, intermediate and short. 
 
The user should enter a position only when the short, medium and long-term trends are all in agreement. A short-term trader should exit his or her position when the price closes outside the short-term Trender. The short-term trader should not re-enter until all three Trenders are once more in agreement. Similarly, a medium-term trader should exit his or her position when the price closes outside the medium-term Trender and not re-enter until all three Trenders are once more in agreement.
 
 
Inputs

The sensitivities of the Triple Trender lines can be changed by modifying the Sensitivity 1, Sensitivity 2 and Sensitivity 3 Inputs.

Arps Universal Swing Tool 
The universal swing tool is a “Swiss army knife” tool for displaying and analyzing price swings of different magnitudes. This tool generates a series of zigzag lines connecting successive swing highs and swing lows. Accordingly, we are able to filter out the random noise in price fluctuations and focus our attention on the magnitude and speed of the up moves and down moves of price and their relationships to one another.

As well as plotting the basic zigzag line, this tool has the additional capability of displaying the following information about the price swings:

1. The magnitude of each swing, in points,
2. The ratio of the magnitude of each swing to that of the preceding swing (swing ratios),
3. The longer-term trend direction.
4. Retracement support/resistance levels for the current swing as well as for previous swings,
5. The swing reversal price, that is, the price to which a current swing will have to reverse to constitute a reversal of swing direction.
There are two versions of the Arps Universal Swing Tool: Basic and Pro.
 
Arps Universal Swing Tool - Basic
The basic Arps Universal Swing Tool connects alternate swing highs and swing lows using a proprietary pattern-recognition algorithm that is universally applicable to all charts on any time frame.  

 
Inputs
 
 
Show Last Swing: When checked, displays the number points of the most current swing.
Show Swing Length: When checked, the Universal Swing Tool displays a set of numbers representing the number of points in each successive swing. For the current swing, this value will increase every time the swing length increases. Show Swing Length is a very useful feature which allows the user to see recent swing amplitudes and make a judgment about a follow-through of similar-sized swings into the future.
Show Swing Ratios: When checked, the Universal Swing Tool automatically connects adjacent peaks with a straight line and adjacent valleys with a straight line. It then displays on this line the ratio of the vertical lengths of two swings leading from the first peak/valley to the second peak/valley. This number represents the actual retracement ratio of the current swing to the previous swing in the opposite direction. As more fully described in the work by Larry Pesavento, these Swing Ratios frequently occur at common Fibonacci values, and thus can be useful in recognizing and predicting the harmonic relationships from one price swing to the next.
Show Retracement Ratios: When checked, the Universal Swing Tool automatically calculates and plots Retracement levels for the current swing. These retracement ratios are usually Fibonacci ratios, but can be set by the user to be any desired fraction, both greater than or less than 1. Five Retracement Ratio inputs, Retracement Ratio 1 through 5 have been provided as user-controllable inputs. As the swing increases in amplitude, the retracement levels are automatically recalculated and replotted continuously in real time.
Show Trend Color: When checked, the Universal Swing Tool changes color when the long-term trend changes from Up to Down. A long-term trend change from UP to DOWN occurs when price breaks below the previous pivot low. A trend change from DOWN to UP occurs when price breaks above the previous pivot high.
Show Reversal Point: When checked, the Universal Swing Tool displays two dots on the last bar of the chart. The dot in the opposite direction of the current swing indicates the price at which, if reached, the swing line will reverse direction. The dot in the same direction as the current swing indicates the price at which, if the existing trend reversed, the trend would reverse back into the original direction.
 
Arps Universal Swing Tool - Pro
The Universal Swing Tool Pro Version displays the number of bars in each swing and pair of swings, the slope of each swing shown as Points per Bar, the volume in each swing and pair of swings, the percentage up volume in each intraday swing and pair of swings, and up to six automatic Fibonacci retracement and extension levels.
 

Inputs

 
In addtion to the inputs of the Basic version, the Pro version allows you to set Swing and Price Movement Ratios, Swing Volume, and set Retracement and Extension Ratios.
 
Support
For questions and comments regarding the Jan Arps' Crown Jewels Tool Kit please visit the Jan Arps's website's Contact Us section. Click here to access the website. 

Additional information in regards to the Jan Arps Indicators or Custom Programming, can be found on the Jan Arps' Trader's Toolbox website.