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Sharpe ratio indicator for TradeStation platform.
The Sharpe Ratio is a measure of risk adjusted return.
There are several uses of Sharpe Ratio that have been underutilized by traders:
- Scanning. Compare large numbers of individual stocks and find those which have the largest risk adjusted gain over much smaller time frames, including intraday analysis.
- Longs vs. Shorts. Compare the relative merits of potential shorts and longs on a risk adjusted basis.
- To Trade or Not. Determine if the price action supports making a trade at all, compared to lower risk investment alternatives.
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http://www.forex-tsd.com/tradestation-programming/2997-tradestation-16.html#p...
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