Power Pack
New Position Sizers, Indicators, ScoreCards, Performance Visualizers
$49.95 / Lifetime OR included in Premium subscription
Try before you Buy! Download the Extension for a 14-day free trial before purchasing.
(all Extensions require a Wealth-Lab Subscription)

PowerPack

Power Pack is a growing extension aimed at professional traders with focus on position sizing, risk management and detailed analysis of backtests. Here's what's included:

  • ScoreCards
    • Extended Scorecard with dozens of performance metrics suitable for backtests and optimization. Analyze drawdowns, risk/reward profile, outlier traders, trade statistics and efficiency and many more.
  • Position Sizers - get beyond good old % Equity sizing with effective and sophisticated money management techniques:
    • Percent Volatility
    • Trading the system's Equity Curve
    • Drawdown Control, Drawdown/Runup, D-VaR, Equal Exposure, Equity Breakout, Equity Momentum, Extraordinary Opportunities, Fixed Ratio, Kelly formula, Larry Williams method, Pyramiding, Position sizing with the Trend, Reinvest Symbol Profit, Winning and Losing Streaks, Timid and Bold equity, Trade Outcome, Trading System's Safety Factor, and more.
  • Indicators - advanced indicators:
    • Trailing exits: Elder SafeZone, Kase DevStop, SuperTrend, NRTR, Parabolic2
    • Bill Williams: Alligator, AwesomeOscillator, Fractals, Market Facilitation Index
    • Floor Trader Pivots
    • Oscillators: MACDV and its histogram, MAC-Z, DVSuperSmoothedDSO (David Varadi), Gann Swing, WaveTrend
    • Intermarket/Sentiment: BuffettIndicator, CNNFearGreed, IBD score
    • For intraday traders: DailyValueAsOf, NextSessionOpen
    • Misc: DampingIndex, ForceIndex, IQR (interquartile range), LaguerreRSI, RSLevy, SmartMoney, TrendStrength, Weis Wave Volume, PremarketHL, Plunger, VPCI etc.
  • Visualizers - a collection of Performance Visualizers to double your analysis power:
    • Analysis Series
    • Contribution
    • MetaCorrelations
    • Streaks
    • Position Metrics - includes Trade Stability, Perfect Exit
  • Building Blocks
    • Qualifiers: 1 Bar Ahead
    • Date Filter
    • Days/Weeks Since Last Entry/Exit
    • Divergence
    • First and Last Bar of day
    • Gaps
    • Market Moving News Ahead
    • One Trade Per Day
    • Price Compare to Price at Entry Bar
    • Position Profit/Loss; Type (Long/Short)
    • Sell at Limit or Stop at Entry Lookback
    • Sell/Cover At Break Even Stop
    • Sell/Cover At Trailing Stop with ATR and MFE % activation logic
    • Time of Day; Day of Week
    • Trading Days in Trade
    • Within N Bars to Close
    • X Winning/Losing Trades Within Y Trading Days
Click here for more information on the Power Pack Extension.

Screenshots

PowerPack Extended Scorecard
An example of a backtest using Extended Scorecard
PowerPack PosSizers
Some Position Sizers included in the PowerPack
PowerPack Indicators
PowerPack includes an expanding collection of indicators
PowerPack Visualizers
The Contribution visualizer shows a breakdown of total profit/loss on a per symbol basis, by entry/exit signal name, by calendar month, by average % P/L per bar, by position type (long/short)
PowerPack Visualizers
The MetaCorrelations visualizer shows a correlation matrix of a MetaStrategy, helping build a robust portfolio of strategies that have a low or negative correlation and avoid locking capital in systems that essentially duplicate each other.
Position Metrics - Trade Stability
An example of the Position Metrics visualizer with Trade Stability preset
PowerPack - Streaks
An example of the Streaks visualizer at work
PowerPack - Analysis Series
Analysis Series lets you experiment with indicator filters to find how they would have affected the performance of your trading strategy
Position Metrics - Perfect Exits
This preset is aimed to suggest perfect stop loss and profit target levels for your trading system based on MAE/MFE analysis
Position Metrics - custom code
Create your own metrics in Strategy Code and display them in Position Metrics!

Change Log

Wealth-Lab 8 Build 54 - 11/22/2024
  • Fixed Average Drawdown Percent calculation in Extended Scorecard.
Wealth-Lab 8 Build 53 - 11/5/2024
  • Changed/improved intraday support for the X Winning/Losing Trades within Y Trading Days condition block such that a “Trading Day” includes entire trading sessions and not 24-periods from the current time-of-day.
Wealth-Lab 8 Build 52 - 10/14/2024
  • Position Metrics established by calling SetPositionMetric will now appear in Position Metrics Visualizer graph.
Wealth-Lab 8 Build 51 - 9/9/2024
  • Added indicators: DVSuperSmoothedDSO, DampingIndex.
Wealth-Lab 8 Build 50 - 8/17/2024
  • Added new Price Axis Line plot style which automatically adjusts the scale of series plotted in the Price pane.
  • Changed URL for an embedded image resource in the Help.
Wealth-Lab 8 Build 49 - 7/26/2024
  • Show median only when requested via check box in Position Metrics Visualizer to reduce clutter on chart.
  • Fixed behavior of preset selections in Position Metrics Visualizer.
Wealth-Lab 8 Build 48 - 7/13/2024
  • Requires WL build 94
  • Added choice of Percent/Dollar size of Trade to the “X Winning/Losing Trades Within Y Days” Condition Block
  • Added PnL view by Strategy (for MetaStrategies) to the Contribution visualizer
  • Fix: IBD indicator required a reference to the Market to synchronize properly with the source. Also, the indicator will no longer be considered valid until the end of the first year of data.
  • Fix: MetaCorrelations has a 9-item column limit w/ no scroll
  • Fix: Ulcer Performance Index was off scale when Ulcer Index is 0 (divide by zero issue).
Wealth-Lab 8 Build 47 - 6/13/2024
  • Change: NextSessionOpen indicator optimized to ignore accessing “today’s open” for delisted symbols or expired options.
  • Change: Overhauled Days Since Entry/Exit to find either the Last Entry or Last Exit for both Exit and Entry signals. And, now you can specify if the Last Entry/Exit comes from only the current symbol or all symbols in the backtest.
  • Fix: Bars Since Entry/Exit will always find the Last Closed Position (instead of the LastPosition, which could be open) when looking for the last exit.
Wealth-Lab 8 Build 46 - 5/10/2024
  • Added MACD-V and MACD-V Histogram indicators.
Wealth-Lab 8 Build 45 - 4/22/2024
  • Added Condition Block "X Winning/Losing Trades Within Y Trading Days" that allows e.g. to pause trading after a number of losing trades.
Wealth-Lab 8 Build 44 - 4/3/2024
  • Added retry/timeout logic to NextSessionOpen indicator.
Wealth-Lab 8 Build 43 - 3/14/2024
  • Change to adapt to new Position Metrics in WL8 Build 86.
Wealth-Lab 8 Build 42 - 3/10/2024
  • New: added VPCI (Volume Price Confirmation Indicator).
  • Fix: cache miss issue for Acceleration/Deceleration, AwesomeIndicator, ClenowPlunger, TSV and WaveTrendOscillator indicators.
Wealth-Lab 8 Build 41 - 3/5/2024
  • New! Sell/Cover At Trailing Stop blocks with ATR and MFE % activation logic.
  • Fixed: FractalUp/Down and FractalUpBar/DownBar indicators may return an incorrect value in certain cases with period > 2.
  • Fixed: removed a leftover performance metric affecting finantic ScoreCard.
Wealth-Lab 8 Build 40 - 2/15/2024
  • Added: “Current Position is Long/Short” Condition Block.
  • Fixed: Buffett, CNN Fear & Greed indicators freeze WL in portfolio backtest mode.
Wealth-Lab 8 Build 39 - 2/9/2024
  • Target .NET8.
Wealth-Lab 8 Build 38 - 1/25/2024
  • Increased calculation speed of TSV indicator.
Wealth-Lab 8 Build 37 - 1/22/2024
  • Fixed TSV indicator formula to oscillate and account for volume.
Wealth-Lab 8 Build 36 - 1/16/2024
  • Fix: Divergence condition indicator reference for its PaneTag could have caused a compile error in some scenarios.
Wealth-Lab 8 Build 35 - 1/13/2024
  • Added Buffett Indicator.
Wealth-Lab 8 Build 34 - 1/6/2024
  • Fix for same-bar fills not getting executed in auto-trading Strategies.
  • Added Signal blocks for: Sell/Cover at Break Even Stop
  • Added Conditional blocks: Days Since Last Entry/Exit and Weeks Since Last Entry/Exit.
Wealth-Lab 8 Build 33 - 1/2/2024
  • Added RSL (Relative Strength Levy) indicator.
  • Fixed DailyValueAsOf caching bug.
Wealth-Lab 8 Build 32 - 12/13/2023
  • Fix: SignalNames were showing code instead of values for optimized parameters.
Wealth-Lab 8 Build 31 - 12/11/2023
  • Added CNNFearGreed indicator with data going back to 2011.
  • Added NextSessionOpen indicator which returns the opening price of the next trading session. You can use it after the market opens to generate signals for Strategies that rely on the open price of the entry bar.
  • You can now specify same-bar exits for the Sell/Cover at Market Close Building Blocks. And, the same-bar market close exits will use the attached Condition Blocks.
  • Fix: The TradingDaysInTrade condition was broken when using the Exit at Market Open option.
Wealth-Lab 8 Build 30 - 12/7/2023
  • New! Created for intraday traders, the DailyValueAsOf indicator gives you the partial daily value of the specified PriceComponent as of the current bar. For example, easily access the cumulative daily volume, or use the daily Opening price for the AtLimit/Stop Building Blocks.
Wealth-Lab 8 Build 29 - 11/23/2023
  • Fix: These Condition Blocks previously used their default values during optimizations: – Trading Days in Trade – Within N Bars to Close
Wealth-Lab 8 Build 28 - 11/10/2023
  • Position Sizers changed to adapt to changes in the WL8 core framework.
  • Implemented same-bar exit options for the Limit and Stop Exit Blocks.
Wealth-Lab 8 Build 27 - 10/19/2023
  • Fixed exception in FractalUp/Down if historical data is too short
  • New Condition - Within N Bars to Close. Similar to Time of Day greater than or equal to, but expressed as the number of bars before market close.
Wealth-Lab 8 Build 26 - 9/8/2023
  • Fix: FractalUp/Down indicators return an incorrect value at start.
Wealth-Lab 8 Build 25 - 8/28/2023
  • Added: WaveTrend oscillator.
  • Added: PosSizer: Reinvest Symbol Profit.
Wealth-Lab 8 Build 24 - 8/4/2023
  • New Condition! Trading Days in Trade returns the age of a position as the number of full trading days, which is useful for intraday strategies.
  • Change: added option to “Exclude long-running indicators” to the Analysis Series visualizer to avoid performance degradation in very large backtests when the user inadvertently selects such a slowly calculated indicator.
  • Added “Use legacy calculation” option to the SuperTrend indicator. With it disabled, indicator readings should match those of other platforms using the Median Price (vs. High/Low as it had been in WL6-8).
  • Fix: GannSwing indicator failed to plot if created in strategies, returned NaN.
Wealth-Lab 8 Build 23 - 6/14/2023

  • New: added Force Index indicator

  • New: added choice of period to Fractal* indicators

  • Fix: Alligator indicator cache miss

Wealth-Lab 8 Build 22 - 4/20/2023
  • Modified the "N Bars Ahead" Condition to "1 Bar Ahead", and restricted it to "At Close" Entries and Exits only.
  • New indicator AnnualizedReturn gives a running compound annual growth rate for the source series over the specified period.
Wealth-Lab 8 Build 21 - 4/7/2023
  • Added Clenow Momentum indicator (a volatility adjusted momentum).
Wealth-Lab 8 Build 20 - 3/22/2023
  • Added IBD score indicator.
  • Added Market Moving News parser and Block.
  • Added ATR units to % Volatility PosSizer.
Wealth-Lab 8 Build 19 - 2/14/2023
  • Added Clenow Plunger Indicator.
Wealth-Lab 8 Build 18 - 1/25/2023
  • Rebuild required for some changes to the Genetic Evolver.
Wealth-Lab 8 Build 17 - 1/21/2023
  • Added N Bars in Future Qualifier. Use this in conjunction with the AtClose Building Blocks to model strategies that enter and exit at market close instead of next bar's market open.
Wealth-Lab 8 Build 16 - 12/15/2022
  • Fixed Sell/Cover at Stop Loss and Profit Target Multiple of the Signal Bar Range rules. These rules were overhauled and won't be compatible with previous versions.
Wealth-Lab 8 Build 15 - 12/8/2022
  • Added new Building Blocks - Profit target/Stop loss as a factor of the signal bar size.
  • Added HiddenBullish and HiddenBearish DivergenceTypes into the Divergence condition block.
Wealth-Lab 8 Build 14 - 11/25/2022
  • Added Expectancy Ratio to Extended Scorecard, fixed "Expectancy (traditional)" formula.
Wealth-Lab 8 Build 13 - 11/11/2022
  • Fix: Changing a Building Block indicator to Gain or Drawdown caused an ArgumentOutOfRangeException.
Wealth-Lab 8 Build 12 - 11/4/2022
  • Fix for using PremarketHL indicator in Building Blocks.
Wealth-Lab 8 Build 11 - 10/28/2022
  • New! PremarketHL Indicator tracks the High or Low premarket value that you can use for Indicator comparisons for the session.
  • New! Drawdown and Gain Indicators calculate drawdown and gain (imagine that), resetting at the end of the specified frequency period - History, Yearly, Quarterly, Monthly, Weekly, or Daily.
  • Added a new Building Block, Bars Since Last Entry/Exit.
  • Fix for ElderSafeStop usage in Building Blocks.
Wealth-Lab 8 Build 10 - 10/11/2022
  • Fix - Percent Volatility and Fixed Ratio PosSizers weren't working with Monte Carlo-Lab
  • Fix - Made Divergence work with N Bar Qualifiers
  • Cleaned up more indicators so they do not plot before their first valid bar containing data.
Wealth-Lab 8 Build 9 - 9/27/2022
  • New! The Price/Indicator Divergence condition detects bullish/bearish divergence between an indicator and Price action. A fuchsia arrow indicates the bar of detection and lines are drawn to show the divergence in the price and indicator panes.
  • Fixed Description for checkbox parameter in Price Compare to Entry Bar.
Wealth-Lab 8 Build 8 - 9/10/2022
  • Fixed wrong position sizes in portfolio backtest using "Trading the Equity Curve".
Wealth-Lab 8 Build 7 - 9/1/2022
  • New Condition: One Entry Per Day.
  • New Condition: Date Filter.
  • Fixed "Position Profit/Loss" condition for LastOpenPosition Point Profit and also added a Dollar profit selection.
  • Fixed bugs causing wrong behavior of the 'Trading the Equity Curve' PosSizer
Wealth-Lab 8 Build 6 - 8/17/2022
  • Included Pivot R3/S3 as companion indicators, fixed incorrect pivot R3/S3 levels on intraday charts.
Wealth-Lab 8 Build 5 - 6/14/2022
  • Fix for Pivot indicators disappearing after edit.
  • Added missing FractalUp, FractalUpBar, FractalDown, FractalDownBar indicators.
Wealth-Lab 8 Build 4 - 5/26/2022
  • Build required because of the change to rename UpDown enumerated type to Direction in WealthLab.Core.
Wealth-Lab 8 Build 3 - 5/13/2022
  • Exits paired with Entries for auto-cancelation from Building Block Strategies.
Wealth-Lab 8 Build 2 - 5/2/2022
  • Fixes for Bar of Day Building Block.
  • Fixed Morningstar streaming provider broken by website change.
Wealth-Lab 8 Build 1 - 4/10/2022
  • Initial WL8 release.
Wealth-Lab 7 Build 25 - 3/21/2022
  • Two new exit Building Blocks that allow setting stop and limit trigger prices to a percentage above/below an indicator's value n-bars before the entry bar:
  1. Sell At Limit/Stop At Indicator Value
  2. Cover At Limit/Stop At Indicator Value
Wealth-Lab 7 Build 24 - 2/3/2022
  • Added a requested option to Percent Volatility: "Cap position size at X% equity".
Wealth-Lab 7 Build 23 - 1/11/2022
  • Fixed issue in the new Date Comparison Building Block.
Wealth-Lab 7 Build 22 - 1/10/2022
  • Added Date Filter Condition Building Block, to provide flexible date filtering for your Strategies.
Wealth-Lab 7 Build 21 - 12/7/2021
  • Help update.
  • Building Block description cleanup.
Wealth-Lab 7 Build 20 - 12/3/2021
  • Repaired "Double and Reverse money management" Strategy.
Wealth-Lab 7 Build 18 - 11/26/2021
  • Fixed Average Drawdown metric in Extended Scorecard.
  • Added Position Metrics Visualizer (Trade Stability has been incorporated into this.)
Wealth-Lab 7 Build 17 - 11/22/2021
  • Added Streaks Performance Visualizer.
  • Added Trade Stability Performance Visualizer.
  • Added Analysis Series Performance Visualizer.
Wealth-Lab 7 Build 16 - 11/12/2021
  • Fixed AwesomeOscillator in Blocks.
Wealth-Lab 7 Build 15 - 11/8/2021
  • Rebuild to handle change in WL7 framework.
Wealth-Lab 7 Build 14 - 11/4/2021
  • Extended Scorecard metrics calculations optimized for speed.
  • Risk of Ruin calculations corrected, and split into Kaufmann and Vince groups.
Wealth-Lab 7 Build 13 - 10/26/2021
  • Condition Blocks fixed to work with Qualifiers.
Wealth-Lab 7 Build 12 - 10/21/2021
  • Open Position Profit/Loss Condition can now work with Entries as well as Exits.
  • Fixed bugs in Outlier Analysis affecting several StdDev and Outlier metrics.
Wealth-Lab 7 Build 11 - 10/13/2021
  • Added Gann Swing Oscillator.
Wealth-Lab 7 Build 10 - 10/5/2021
  • Fixed Consecutive Peak/Troughs broken in non-US locales.
Wealth-Lab 7 Build 9 - 9/20/2021
  • Added Market Hours Only option to the Bar of Day Condition Block.
Wealth-Lab 7 Build 8 - 9/3/2021
  • Added First/Last Bar of Day Condition Building Block.
  • Added Time of Day Condition Building Block.
  • Added Price Compare to Price at Entry Bar Condition Building Block.
Wealth-Lab 7 Build 7 - 8/8/2021
  • Fixed Parabolic2.
Wealth-Lab 7 Build 6 - 7/8/2021
  • Fixed duplicate Longest Drawdown.
Wealth-Lab 7 Build 5 - 6/3/2021
  • Added Parabolic2 indicator.
Wealth-Lab 7 Build 4 - 5/4/2021
  • Breaking internal change, must update to work with WL Build 8.
  • Added MetaCorrelations Performance Visualizer.
  • Fixed Kelly description.
Wealth-Lab 7 Build 3 - 4/20/2021
  • Added Contribution Performance Visualizer.
  • Moved PivotPoint indicator into PowerPack.
Wealth-Lab 7 Build 2 - 3/30/2021
  • Added a collection of trailing exits by Bill Williams, David Varadi.
  • Added indicators:
    • IQR (interquartile range)
    • LaguerreRSI
    • SmartMoney
    • TrendStrength
Wealth-Lab 7 Build 1 - 3/9/2021
  • Baseline release.

Discussions