IB $AD-xxxx and $VOL-xxxx, 4 New Gradient Line Styles,FXCM Data Feed , 7 new DYO Chart Value Selections

October 18 , 2006

16:31 Ensign Howard: Welcome to today's training class on Oct 18th, 2006. This is Howard and I will be the trainer today.

16:32 Ensign Howard: Although the Ensign Windows program has had a host of new and exciting features added over the past 2 months, I continue to find more things to add to the program to make an already great program even better. I will be demonstrating some of these new features today, and what is presented is in the 10-18 upgrade which can be downloaded now.

IB $AD-xxxx and $VOL-xxxx 4 New Gradient Line Styles FXCM Data Feed 7 new DYO Chart Value Selections



$AD-NYSE (NASD) and $VOL-NYSE (NASD) for IB Users

16:34 Ensign Howard: The first topic will be the $AD-NYSE symbol for the IB feed. The discussion applies to the -NASD symbol as well, and to the $VOL-NYSE and $VOL-NASD

16:35 Ensign Howard: The improvement in the 10-18 version was to automatically calculate the spread between the Up and the Down issues or the Up and the Down volume and post this spread in the Last field, which was previously unused for this symbol. The Up values are sent in the Bid field, and the Down values are sent in the Ask field, and the Unchanged values are sent in the Bid Size field.

16:36 Ensign Howard: These values can be plotted individually using (A), (D) or (U) suffix to the symbol. You can plot the original symbol directly to have the spread, as in the example.

16:37 Ensign Howard: So the $AD-NASD plot is showing the spread of Advancing - Declining issues. Previously you would have resorted to using a custom symbol to calculate the spread to plot it. There is not any refresh for this spread. But you can collect the data, and use this symbol for a chart or a study, or as an overlay on another chart.

16:38 Ensign Howard: Any questions about the $AD-xxxx or $VOL-xxxx symbols on the IB feed?

16:39 Tom 555: Are these numbers calculated in ensign?

16:40 Ensign Howard: Yes Tom, the values are calculated by Ensign when the symbol ticks to update its 3 fields, as we update the 3 supplied values we calculate the spread.

16:39 rdk: it seems like only last night I was dreaming of such a feature, and here it is :)

16:39 Vijay: Howard: Please show how to plot ADV Vol vs DCL Vol. Thanks.

16:40 Kongfuzi: Would be great to have a spread function for any 2 symbols

16:40 Ensign Howard: vijay, you can plot $VOL-NYSE that will be the advancing volume - declining volume

16:40 Ensign Howard: You can still do a custom symbol. or an overlay for the spread of 2 symbols.

16:41 CIA: Howard - for options spreads, do we still have to make a custom symbol or is some of this technology make that job simpler?

16:42 Ensign Howard: On the charts panel you can enter 2 symbols with double dash between them, such as ES #F- -NQ #F. This will be a spread of those 2 symbols, and in the time frame you open the chart with.

16:40 Tom 555: When I open Ensign will the numbers start from 0?

16:41 Ensign Howard: Numbers will start with next tick at what ever level the Advance and Decline values are at on the feed.

16:42 Tom 555: Thanks

16:43 ae: Does the new structure $ad-nyse eliminate the need to use $ad-nyse(a)?

16:44 Ensign Howard: ae, if you want to plot advancing by itself, continue to use that symbol. If you want to plot just the spread, you do not need the (A) symbol

16:44 ae: Thank you


EChat Horizontal Viewer Option

16:43 Ensign Howard: Next topic will be the new option for the chat room to display the web viewer on the left side of the transcript instead of above it.... we call this the Horizontal Orientation.

16:45 Ensign Howard: For the Horizontal Orientation, you can right mouse click over the transcript area to have the pop-up menu that was just posted. Check the option to switch the arrangement of the web viewer in the chat room. Some have wide monitors and wanted the chat room to be wider instead of taller.

16:46 Ensign Howard: So this option would benefit those with wide monitors so they can have the view to the left of the transcript instead of above it.

16:47 Ensign Howard: between the viewer and the transcript is a splitter bar which you can drag horizontally to give more or less space to the web viewer.

16:48 Ensign Howard: This is a picture of the chat room is just such an arrangement with the viewer on the left. This feature is in the chat in Ensign Windows, and either tonight or tomorrow there will be an upgrade to the stand alone eChat with the same Horizontal Orientation option.

16:50 Ensign Howard: Any questions about this chat room option? Option can also be set on the Setup property form for the chat room.


Esignal PB files for Forex

6:50 Ensign Howard: OK, next topic is for eSignal users that subscribe to the forex..... the Playback has been improved so you can build your own playback files for the forex currencies..

16:51 Ensign Howard: Example symbol would be EUR A0-FX. The playback file example would be EU061018

16:52 Ensign Howard: Any questions about building playback files for these forex symbols?


Color Bar Studies - Volume Increase

16:54 Ensign Howard: Next topic deals with Color Bar studies.... we have one called Volume Increase and that works fine on all chart types except volume which has a constant volume.

16:54 Ensign Howard: The improvement was to have the volume charts use the tick count for the Volume Increase determination, so that this color bar study can now work with volume charts.

16:55 Ensign Howard: Any questions about Volume Increase color bars study applied to a constant volume chart?

16:55 T!H0: Just a remark -- it works opposite

16:56 Ensign Howard: good point...... high volume periods are likely to have fewer ticks per bar

16:56 Ensign Howard: It is still showing the one color on a higher tick count and the other color on a lower tick count. We just substituted examining tick count instead of volume for the evaluation.


4 New Line Styles

16:57 Ensign Howard: The next topic is about 4 new Line Style selections that are operational on the Fibonacci Levels, Fib Retracement, and Daily Price Lines draw tools. I have been posting examples of possibilities of using these new line styles in the chat room yesterday and today.

16:58 Ensign Howard: Let me post some examples now, and show the settings used to accomplish the visual, and field your questions or requests related to this new Line Style feature.

17:00 Ensign Howard: This first example shows the chart background colored in a gradient from a light gray at the top to a darker gray at the bottom. I used a Daily Price Lines draw tool to accomplish the effect, and here is the DPL property form.

17:02 Ensign Howard: The first 2 lines are used for this effect.... % Scale is set to 103 so it starts coloring a little bit above the high price on the chart scale, and uses the light gray color.... Note the Line Style is the new gradient selection.

17:03 Ensign Howard: This Line Style selection needs a 2nd point to fill to and a 2nd color and it will get these 2 additional values on the next row down in the property form. So on the 2nd row I have a % Scale and a level of -1, (a bit below the bottom of the chart) and a darker gray color.

17:04 Ensign Howard: Let me change the example with the DPL to do a gradient fill between Yesterday's High and Yesterday's Low and post both the chart and the property form for the example.

17:08 Ensign Howard: In this property form I have Yesterday High on one line and Yesterday Low on the following line, and the Line Style gradient selection on the first of the two (ie Yesterday High). The gradient is coloring from the pink to the red.

17:09 Ensign Howard: Now, there is an additional Line Style to fill the area between the two lines with a solid color instead of doing a color transition. Let me adjust the last example to fill with a solid color.

17:12 Ensign Howard: Note the use of a different Line Style marker, it has a solid fill area in blue.

17:12 Ensign Howard: The Line Style still needs a 2nd price to fill to and that is obtained from the line that follows, which is Yesterday's Low in the example.

17:13 Ensign Howard: The next example will show the typical Harmonic Octaves selection of the DPL draw tool.

17:14 Ensign Howard: Let me demonstrate how this can be dressed up with the new Line Style selections. Let me put on the solid fill Line Style first.

17:15 Ensign Howard: Here a couple of the zone have been changed from a single Line Style to the solid fill Line Style.

17:16 Ensign Howard: I still have a bit of work to do for a future release to clean up the Octaves, and Sq of Nine, etc because they do multiple lines for each selection if more than one square are on the chart. But the example shows where we are headed with the fill.

17:17 Ensign Howard: Now let me change to show the gradient fill on the same chart with the same octaves.

17:19 Ensign Howard: Two additional line styles will do medium width gradient about the line center or a fatter gradient. Let me change the example to show these 2 line styles.

17:22 Ensign Howard: In this example I show both selections. The thinner gradient is the green colored style, and the fatter gradient is the red colored style... See the top two lines on the property form for the example of these Line Style selections. The thinner selection will have the color gradient for 10 pixels about and below the line. The fatter selection (red) will have the color gradient for 20 pixels above and below the line.

17:23 Ensign Howard: Now, when the fatter (red) selection is used on a Fibonacci Levels or Retracement chart, the fatness will be 5% of the Fibonacci range so it might be more or less than 20 pixels either side. But it does make for a very nice effect as you approach the desired Fibonacci Level. The color starts 5% below the line and continues 5% above the line.

17:24 Ensign Howard: Let me show an example.

17:26 Ensign Howard: Here is a chart for today with the Fib Levels anchored on today's High and Low. The .382 retracement line at 1372.53 has coloring starting at .332 and extending to 43.2 percent. This is 5% on either side of the specific .382 retracement level.

17:27 Ensign Howard: Here is the property form that created the visual..... Note the continued use of a left side marker to show % and a right side marker to show the Price.

17:28 Ensign Howard: I will change the example to fill the zones with the fill Line style.

17:30 Ensign Howard: The visual is quite different, and the only thing changed was the Line Style selections

17:31 Ensign Howard: This has the gradient Line Style selections instead.

17:32 Ensign Howard: any questions?

17:33 CIA: Howard, what information is conveyed to the trader when viewing the color change gradient on the first chart which just went from light to dark grey?

17:33 Ensign Howard: None other than personal preference for something pleasing to look at.

17:34 CIA: OK - Thank you :)

17:34 Ensign Howard: You do bring up a good point that nothing that has been shown today with the line style coloring choice is going to make you a better trader.

17:34 Ensign Howard: The information is the same, just presented a bit more colorfully if that is of interest to you.

17:35 CIA: So we could put a NTR or yesterday's trading range as a colored big BOX on today's background. Correct?

17:35 Ensign Howard: yes, CIA, that was the very example I started with.

17:36 CIA: :)

17:35 Kongfuzi: At present there is not a way to have a gradient fill box for the fibs whose limits are the time just covered by that swing, right?

17:35 Ensign Howard: If you did not use the information before to be successful, changing its color will not make you a better trader.

17:35 jr01: Howard how many of the dpl's can one use on a chart?

17:36 Ensign Howard: jr01, all of the DPL selections will use the line style selections, but not all will give pleasing results. And if you have overlapping coloring in the gradients you can get some weird visual result that is unexpected.

17:37 Ensign Howard: Let me show you an example that is however, pleasing to view.

17:37 Ensign Howard: This example was done with just the Fib tool

17:38 Ensign Howard: Let me recreate and post the property form.

17:37 jr01: Howard I am asking how many of the entire dpl can we use. If we already have one filled can we use more than one?

17:38 CIA: WOW - neat - Can you show the properties for that chart?

17:38 Ensign Howard: jr01, you can have multiple DPLs, and you can use all 11 lines on the DPL property form'

17:39 jr01: k, thanks

17:39 dblue: and as sniffy demonstrated.. can use global variables too

17:41 Ensign Howard: In this example, the 2nd and 3rd lines accomplish a gradient fill from the top to the bottom of the Fibonacci range. Note the 3rd line is 100 level and color is red. This line was used just for the sake of the gradient range and 2nd color. Then the 4th, 5th and 6th lines doe a 5% Line Style overlaid on the gradient. However, the color pink is not the color you get when it draws on the gradient. If it had drawn on the white chart, it would be pink, but drawn on the red or the blue gives a different effect. So you will have to experiment with other colors at times when you are doing the colored lines on a gradient fill.

17:43 Kongfuzi: I wonder why the gaps

17:45 Ensign Howard: Kongfuzi, if you will look at your property form, you have another value between the .5 line and the .382 line.

17:47 Kongfuzi: Ahh they "show" even if not checked

17:45 T!H0: Which tools would support the new features?

17:46 Ensign Howard: So far it is the Fibonacci, Fib Retracement, and Daily Price Lines that support the new Line Styles. If the line style is used on other tools, it will just draw the line in the selected color as a single pixel width line. On the gradient fills, I had it earlier with a one pixel line of the background color showing through, and I seem to have lost that desired effect

17:47 Ensign Howard: So as I continue to work on this new feature, the gradient fills will have single pixel lines at the specified level put back in.

17:48 Ensign Howard: This is an example from earlier today when the specific line levels were a part of the gradient fills. See the white line at the 1375 price level shooting through the blue area... that is the intended effect.

17:49 Ensign Howard: Any questions about these 4 new Line Styles?

17:50 Ensign Howard: The green Line style is the 10 pixel gradient on either side of the line fading to the chart background color.

17:50 Ensign Howard: The red Line Style is the 10 pixel gradient or 5% of Fib and also fades to the chart background.

17:51 Ensign Howard: The Red/blue Line Style is a gradient file needing a 2nd price and a 2nd color which is obtained from the line which follows

17:51 Ensign Howard: The solid Blue Line Style is a single color fill and needs just a 2nd price which is obtained form the line which follows.

17:51 DaveM: you have done an amazing job with this for sure.... the price bars on your chart appear to be 3 D with that background. really impressive..!!!!

17:52 Ensign Howard: DaveM, the price bars are using the 3-D option which is set on the Setup | Charts form. My examples have had the Equi-Volume effect enabled which is set on the chart's property form. I have more planned for this gradient Line Style selections, and will continue to try to support its use in more of the draw tools.

17:52 DaveM: Looks terrific.!!!!!!

17:53 Ensign Howard: It just takes time to implement, but at least you have lots to use already by having it in the Fib Levels, Retracement and DPL tools now. I still have some visual cleanup to do with a few of the DPL selections as I mentioned earlier.

18:03 @Buffy2: That will keep you awake LOL

18:03 Sniffy: :-)


FXCM Data Feed

17:54 ticks: Any progress report for the FXCM data feed and also any info on the IB data feed problems that happened recently on the ES etc. ??

17:55 Ensign Howard: The FXCM project is alive and well.... we have the FXCM into our servers in Salt Lake and it is charting the live feed when Mike has the server up with the FXCM processor. MIke is now working on getting the refresh history implemented, and that is an equally difficult task. When we are all done with the FXCM project, Ensign will be able to offer the FXCM real-time feed and refresh for free to our customers. I will have it be a check box option so that you can ADD this feed to your existing feed.

17:56 ticks: Fantastic Great News Howard -- thanks

17:56 Ensign Howard: So if you are using IB you can have forex from IdealPro, and you can ALSO have the FXCM forex symbols enabled. The FXCM symbols will use an added character in the name so their files will be different than those you collect from your data vendor. You could be watching both feeds update different charts simultaneously.

17:58 Ensign Howard: The IB chart could be EUR/USD-(BID) and the FXCM chart could be EUR/USD+. Just waiting on Mike to implement the refresh.

17:58 ticks: WoW -- hurry please. ;-)

17:58 Ensign Howard: We already have in place the processing in Ensign, the connection of Ensign to our SLC servers, the feed from FXCM, load handling, etc.


Added Selections for DYO Chart Value

18:01 Ensign Howard: Lets move on to another topic, and that is the addition of 7 selections to the DYO Chart Value category. These selections return the day of the month for the 1st Sunday through 1st Saturday of the month.

18:03 Ensign Howard: These selections would be used to mark days on a daily chart such as the 3rd Friday - 8 days which is the roll over date for ES and other futures.

18:04 Ensign Howard: Let me show an example, 1 moment.

18:06 Ensign Howard: This example is marking the 3rd Friday of each month.

18:06 Ensign Howard: Line A selection is the Day of the Month for the 1st Friday, and to that the # field is adding 2 weeks. So the [1] content is the day of the month for the 3rd Friday.

8:07 Ensign Howard: Now we could have added a 6 instead of a 14 and accomplished the 3rd Friday - 8 days - to mark the Thursday which is Roll day. Or the offset # could have been a 5 to mark the Wednesday before the roll day.

18:08 Ensign Howard: Do you see how this could be a useful marker on your charts, and our implementation is flexible with the # offset from the first such day selected.

18:09 Ensign Howard: So there are 7 selections, so you have Sunday through Saturday. To get some other week in the month just add 7, 14, or 21 to the selection in the # field.

18:10 Ensign Howard: Any questions?

8:09 @Buffy2: Very nice - tks

18:10 ae: This is very useful for reading options plays

18:11 Ensign Howard: I think it was TOC that needed something like this and I await a presentation of what he used it for.


Working with Prakso on MACD Crossing Zero highlighting Price Bar

18:13 Ensign Howard: Prakso, did you get your chart figured out that had the highlights, if not, let me help you with that now.

18:13 prakso: Howard - since I downloaded the 10-18 version all my candles on the Vol charts are highlighted (not on the Min charts)

18:15 Ensign Howard: prakso, is the chart heavily dress with DYOs or Study Alerts? Apparently you had some logic for doing a highlight. Was this from a DYO or a Study Alert?

18:16 Ensign Howard: Can you find the DYO or Alert doing the highlights and post property form so I can advise what needs to be changed.

18:17 prakso: The candle should only highlight when the fast MACD crosses the 0-line

18:17 Ensign Howard: I assume yellow highlight was a part of your system and it is just that it happens on every bar now. ok, can you find that object that does the highlight and show me the object property form please? Also, what was the version date of the program you used before getting 10-18?

18:18 prakso: it was about 3 month old

18:19 Ensign Howard: ok, so it was not a version with all the new stuff in September. On this form I think the Bar Offset should be zero in panel A and B. It is a bit illogical to reference a future bar, particularly for a live feed because +1 does not exist at end of chart. See if Bar Offset = 0 in A and B solves the visual. Prakso, the Conditions is wrong as well

18:21 Ensign Howard: A is a Flag already -- B is a Flag already -- so the Condition should be A OR B and not the crossings you have

18:21 Ensign Howard: IF A was a Study Value and referenced the MACD line and B was a Study Value and referenced the MACD AVERAGE line, then your 2 selections would be correct for crossing either direction.

18:23 Ensign Howard: prakso, see the post by Sniffy which is the correct logic for highlight when spread crosses zero. Or you can do as we said above, and use MACD crossing its Average which is same as spread crossing zero. Either way gets you the highlight on the bar.

8:24 Ensign Howard: Are you all set now?

18:24 prakso: It will highlight crossing down or up - right ??

18:25 Ensign Howard: In the setting I helped with it highlights both crossing directions. In Sniffy's example, need to have A Cross Above B condition checked

18:25 Ensign Howard: prakso, are you all set now?

18:26 Ensign Howard: thx sniffy. That looks correct to me

18:26 prakso: yes Howard and Sniffy thanks a lot

18:26 Ensign Howard: welcome.

18:26 Sniffy: yw

18:26 Ensign Howard: OK, thanks for attending class....

18:26 @Buffy2: Thanks so much Howard -- Ensign gets better everyday

18:27 ticks: Thanks Howard

.18:27 Ensign Howard: gn, bye

18:27 @Buffy2: night