The following will describe why and how to set up FT for the Web (windows vs. DOS version) screens to evaluate the best times to enter the market on the long and short side.

Most have opinions on how expensive the market is compared to future profit expectations. I will offer my view of the technicals using the power of FastTrack for the Web and the add-ons. For most, this is probably a new way to use and view non-price market indicators. I use the following regularly to monitor the broad market through non-price leading indicators. It uses either the ABC module in FTools or Trade to create FNUs of the 10 day moving average of non-price market indicators. It then plots them in five separate chart sections on one FastTrack screen. In this manner, you have on one FastTrack screen, independent and confirming indicators to increase your confidence on the long and short side of the market. Think of it as a quicker Don Beasley's system of evaluating market risk and reward, quicker because it is simple and not, in my opinion, diluted by many conditions.

The Simple Concept:
The concept is simple but the symbols seem intimidating but they are not.

Buyers = QUV (10 ema of UP volume), Sellers = QDV (10 day ema of DOWN volume), Total Volume = QVL (10 day ema of total volume)

Positive Market (NASDAQ, the same (below) can be done with NYSE but when NASDAQ is strong you want to be in NASDAQ funds or stocks)
= More buyers than sellers measured by:
Price chart of 13/21 of QUV
Confirmed by:
Stochastic (21/8/5) of QUV
MACD (26/12/9) of QUV (momentum of the move)
RS (9/45) of QUV to QDV
Total Volume (QVL) Increasing (commitment to the move)
NSMCO (McClellan Oscillator) is in a positive trend
VIX-X (Volatility Index) falling, last of nervousness (VNX available on Dexter's Web site)

Negative Market (NASDAQ)
= Number of sellers equal to or greater than number of buyers
(The same indicators above but in reverse)

Setting up the system or FT Screen:

Download npi.zip

Copy the files in npi.zip as discussed below, run FTools or the Trade file to produce the FNUs of the non-price indicators. Then go to FT and call up the chart in the userdef directory.
Put the screen definition files (*.cdf) into the following sub-directory:
C:\ft\ft4win\chartdef\userdef
Put the parameter file (*.PRM) into the following sub-directory
C:\ft\ft4win\PARAMETERS\userdef
Put the ghotest.FAM file that contains the non-price indicators as well as many good stocks into the following sub-directory:
C:\ft\Userdef
Copy the nonpr.ini file developed by Dexter French to the c:\trade directory and run it.

And / Or

In FTools
The ABC module file (Npisnbrd.abc), by Karl Ashley modified by Gregg Miller, needs to be placed into the FTools directory (c:\ftools2)
The autorun.ini file should be put in your c:\ftool2 directory or view it and pick what you want to use in your current autorun.ini but as a minimum it needs to identify and call up the above ABC file when you start FTools.