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Big Cross Change, Ratio Charts, #1391 Predictive Average, QnA |
November 8 , 2006
16:36 Ensign Howard: Welcome to today's training class.
16:37 Ensign Howard: Apparently there is a problem in refreshing index symbols today from the DTN Market Access source, and that should be a temporary problem which DTN can resolve.
Big Cross Cursor Change
16:38 Ensign Howard: The current version of Ensign Windows is the 11-07 version which I consider to be a pretty good and stable version. The slight change made in that version was to show the Big Cross cursor through the chart panel when the cursor is in a sub-window.
16:41 Ensign Howard: So in this example with the Big Cross cursor selection, the cursor is in the Stochastic sub-window and the Big Cross extends through the chart area. A lot of work has been done on the Big Cross in the past 2 weeks to reduce the ghosting, and to add a couple of features.
16:42 Ensign Howard: 1) There is a new check box option on the Setup | Charts form to have a Horizontal line shown on all charts.
16:42 Ensign Howard: 2) The vertical line now extends in the Volume bars panel like it does in other sub-windows
16:42 Ensign Howard: 3) The Big Cross cursor can be toggled on and off by clicking the middle mouse button and/or the mouse wheel if your mouse has a wheel instead of middle button.
16:43 Ensign Howard: So, I encourage you to all upgrade to the 11-07 version. I consider it as good as any of the past versions.
When will All Draw Tools Have Fuzzy Lines
16:44 Ensign Howard: OK, shar, your question.
16:44 Shar: Hi Howard, not a problem, but was wondering why those lines with color around them aren't available for the draw tools?
16:45 Ensign Howard: the Fuzzy fat lines have been implemented for Fib Levels, Daily Price Lines, Fib Retracements, and support and resistance. Retrofitting the visual to other tools is a project for some future cabin visit. I think it works on all study lines, not just BB
16:46 Shar: Alright. Thank you.
16:49 Sniffy: Shar - if you have your POC written into a GV you can use daily price lines to read that GV and print a fuzzy line (just a workaround until Howard gets time to extend fuzzies to all tools) ... fwiw
16:51 Shar: Sniffy, great idea. Problem is my MP lines from the far past don't show up. I get them from a Newsletters and wanted to add them to my charts. But I have so many lines already, I wouldn't know if I ran into a long term POC or not. :-)
16:52 Sniffy: Use a dyo number to write them to a Gv and then use DPL as mentioned ... would be one way
16:53 Shar: Good idea, Sniffy. Thank you.
16:53 Sniffy: yw gd luk
16:48 Ensign Howard: Here is example of a couple of the selections for the fuzzy lines on the Stochastic curves.
Vertical Lines Through All Windows
16:47 jr01: Is it possible to have a vertical line drawn by anyone to go thru all the way to the bottom including all subwindows??
16:48 Ensign Howard: no jr01.... the draw lines are bounded by the panel in which they are drawn.
16:49 jr01: I would like to see them be drawn all the way if possible. But I understand that they are not now.
16:49 Ensign Howard: ok, jr, request will have to be on the future To Do list
16:49 jr01: k, thanks
Fuzzy Lines Information
16:49 cherokeeruby: Beneath the fuzzy lines are fat lines two toned and colored, they don't seem to do anything
16:50 Ensign Howard: cherokee, those are for use on the draw tools that support them as they do a ZONE gradient fill and they require a 2nd line value, such as is available on the Fib Levels or DPL tools
16:50 cherokeeruby: ok
16:52 Ensign Howard: In this example, the 61.8 selection is doing a gradient fill from pink to gray to the 70.70 line and the 70.70 selection is doing a 2nd gradient fill to the 78.6 line and coloring from gray back to pink.
Vertical Line Question
16:51 jr01: Also Howard the vertical lines that are coming on the charts because the cursor is left someplace it doesn't like is very distracting.
16:54 Ensign Howard: jr01, which version date are you using, because the Big Cross ghosting issue should be pretty well resolved.
16:54 jr01: 11/07 I am having them all day today. It's not a ghosting problem
16:55 Ensign Howard: ok, e-mail me some pictures and clues about where you leave the cursor and what actions have just taken place.
16:55 Kubes: Me too....very bad big cross ghosting.
16:55 Ensign Howard: ok, show me your setups, possibly send a workspace file, so I can see it.
16:55 jr01: I posted a couple yesterday to the web Howard
16:55 Ensign Howard: If I can see it, I can possibly improve on it. OK, jr, put the URLs in an e-mail so I can investigate your clues
16:56 jr01: On mine it's the same setup Howard I haven't changed a thing but the program is a new one. Will do
16:57 Ensign Howard: As has been shown by the questions I have been asking, be helpful when any of you send me an e-mail please include information such as the version date of the program you are using, the chart symbol, the chart time frame, which data feed you use, and if the issue is related to refreshing, which data source you are using as selected on the chart's property form, Data tab.
16:58 Ensign Howard: You would be amazed at the huge number of e-mail I get each week where the users want me to be a mind reader for these details. We support multiple feeds, users are on different versions, etc. It is hard to be able to offer specific help if the e-mail is vague with something like "Refresh is not working? Why?" So take the time to give attending details in the original e-mail so I do not have to guess to have to ask for more information.
17:00 Ensign Howard: Thanks.
17:15 @Buffy2: www.dacharts.org/archives/Ensign_Wed_class_transcripts
Recent Additions to QnA
http://www.ensignsupport.com/cgi-bin/ensign/bb.cgi
17:17 Ensign Howard: Click on the link just posted to see recent posts to the Q&A Knowledgebase.
17:18 Ensign Howard: Does anyone have an interest in any of the recent topics posted.... if so, I can have an extended discussion about the article.
Volume for $INDU
17:18 RSB: Are you getting volume on $INDU? It doesn't come up on my chart.
17:19 Ensign Howard: So you are asking about volume in the refresh from DTN Market Access for $INDU intra-day chart?
17:20 RSB: Daily and weekly....don't need intraday
17:21 Ensign Howard: This is sample of the data returned for intra-day from DTN, and there is no volume because it is an index. What is inaccurate about the Internet source?
17:22 RSB: But the internet $INDU has volume
17:23 Ensign Howard: Difference in data sources for INDU amounts to how the values are calculated and what is stored in the database. Advantage of the Internet source for daily is they have a volume for the stocks with the index. DTN Market Access does not have volume with the indexes
17:25 Ensign Howard: The Internet source has a wider range bar each day using a theoretical High and Low. Where as the DTN range has a smaller range using an actual High or Low seen on the feed. This last post shows refresh from the Internet Source. Now le me refresh the chart with DTN source and repost
17:27 Ensign Howard: personally I like the range of the bars from the DTN source better, and will forego having the volume to get it.
17:28 Ensign Howard: so the DTN source is returning the same data as you get by being a subscriber to IQFeed or DTN.IQ
17:28 RSB: I am not sure how to use this information. The services that I use... have similar price to DTN.... Also the volume numbers on weekly with DTN...on stocks....frequent off by a lot....some times refresh helps...but numbers are off by multiples
Ratio Charts
17:30 Ensign Howard: ok, cherokee, your question now
17:30 cherokeeruby: ty I watch $AD-NYSE(A) and $AD-NYSE(D). I would like to have them both on the same chart with a ratio displayed
17:32 Ensign Howard: you can overlay the 2nd symbol on the chart of the 1st and for the ratio, you can either use an Overlay or calculate ratio using a DYO
17:32 cherokeeruby: Yes, tried that
17:32 Ensign Howard: ok, show me your chart from your effort
17:33 cherokeeruby: Is there a DYO I can use as an example
17:33 Ensign Howard: 1 moment, and I will create an example.
17:35 cherokeeruby: No way I can figure out how to make this work on DYO
17:35 Ensign Howard: You have done well with the first overlay on the chart. Now just put on 2nd overlay of the $AD-NYSE(A) or (D) which ever is the overlay and change. The Chart Type selection to be Ratio Line and have the Overlay and Host multipliers be 1, 1 as shown. This will give you the ratio curve you seek, and it will have the back history from the chart to work with and you do not need to use a DYO,
17:37 cherokeeruby: so I overlay both?
17:37 Ensign Howard: yes, overlay twice
17:37 cherokeeruby: ok, will try
17:37 Ensign Howard: One overlay is for the 2nd symbol curve as you now have it and 2nd overlay is to calculate the ratio of the symbol with the host to give another curve. I assume you still want to see a curve for the 1st symbol and the 2nd symbol
17:38 cherokeeruby: Not necessarily.
17:38 Ensign Howard: OK, then you do not need the overlay that shows the 2nd symbol and the curve for the host can be hidden
17:39 makesownweather: Ensign Howard, I would like to see one if not a big deal.
17:39 Ensign Howard: I showed you the overlay property form. I cannot show you the chart because I did not collect the data and IB does not have refresh for the parts to this symbol
17:39 makesownweather: Just use that, I suppose.
17:40 Ensign Howard: You have the data and should see the ratio with the above property form example
17:40 cherokeeruby: I am supposed to overlay $AD-NYSE(D) on a $AD-NYSE(D) chart? I get a straight line.
17:41 Ensign Howard: host is (A)
17:41 Ensign Howard: overlay is (D)
17:41 Ensign Howard: ratio will then be (A)/(D)
17:43 cherokeeruby: To seeing what I am seeking. That line is the ratio line. Should read something like 1.8
17:43 Ensign Howard: Double click on the scale to change scale off of the host to the ratio. Scale color should be blue like the curve.
17:44 sportsrep3: horizontal cursor on all charts is really nice Howard
17:44 Ensign Howard: thx sportsrep
17:44 Ensign Howard: Now you have it.
17:44 cherokeeruby: 2045/1205 is what number, that is what I want to see
17:45 Ensign Howard: That is 1.70 and is shown on the scale as 170. So curve and scale are OK
17:45 cherokeeruby: Well it is there after all. How do I get it to display that on the right hand side?
17:47 Ensign Howard: Back on the overlay property form, check the Show Values box and the value will show on the left side like a study
17:47 cherokeeruby: Still the same...maybe it will show when new data is coming in. But this is a great start, thanks
17:48 ae: I have an interesting one with just (a) if that is of any use
17:49 Ensign Howard: Here is example of AAPL = 82.61 as ratio with JNPR = 19.25
17:50 Ensign Howard: Ratio is 4.62, and shows on the chart left side as 462. This is value where cursor is aligned on end of Aug and will show current value if I move cursor to the right or off of chart
17:51 Ensign Howard: cherokee, press CTRL+Y keys to show study panel on left side
17:52 cherokeeruby: got that
17:52 Ensign Howard: ok
17:52 cherokeeruby: That will work -- can see. I bet you can make it plot right next to the line on the right.
17:53 Ensign Howard: Are you interested in the pattern of this ratio (ie a chart), or just its current value for display on another chart?
17:54 cherokeeruby: Many things, I usually have a trendline, a nice fuzzy one but mostly how positive or negative it is. Right around -.20 to +.20 are basically neutral.
17:54 Ensign Howard: ok, let me show how to display just the ratio value, as if on another chart using a DYO.
17:57 Ensign Howard: This DYO you could put on any chart, and I have it on the AAPL chart I used in earlier example.
17:57 Ensign Howard: The DYO reads quote page values for the 2 symbols, and stores values in GV[1] and [2].
17:57 Ensign Howard: Line C calculates the ratio of the 2 values, and this is shown in the Section 1 message position using the message text of Ratio and the value from line C
17:59 cherokeeruby: thanks -- copying it
17:59 Ensign Howard: ok, it was a good little example and discussion about ratio overlays.
17:59 Ensign Howard: Did anyone else have a question?
QnA #1391 Predictive Average
18:01 Ensign Howard: OK, let me cover one of the Q&A articles about a Predictive Average. I thought it was really quite a clever idea. It was not rocket science, but just a bit of cleverness if you understand what it is doing.
http://www.ensignsupport.com/email/1391.mhtml
18:03 Ensign Howard: The article is #1391 and is listed on our DYO example page as Predictive Average and there is a companion template for this example.
18:03 Ensign Howard: The formulas are listed in the Question and basically the user has an exponential average of price, and Price is Close in my example. Then he takes an exponential average of the 1st average, this gives a 2nd line. These first 2 lines do not need to be plotted, but in the example I plot them so it is easier to see what is happening. The spread between the 1st line average and the 2nd line is added to the 1st line to create a new curve. The effect is quite beautiful to have the new average curve do quite well at tracking the data with very little lag.
18:06 Ensign Howard: So in my chart example, the first average is in blue, and the average of the blue is the red line. The spread between blue and red is an offset to the blue line to create the pink line which is the Predictive Average. You can see the Pink line is smooth, but it is tracking right in the middle of the data set. This is really a simple concept, yet it is working very well to remove the lag distance between the original data and an average of that data. I quite like this concept and its visual, and wish the idea was original with me. But it is not, it is something I was asked to help illustrate with a DYO
18:10 Ensign Howard: This kind of reminds me of the corrective offset that is a part of the Hull Average concept, and also a part of the Howard's Average, but my corrective offset is considerably more complex than the idea shown in this example.
18:10 Ensign Howard: Let me post comparison with Hull, Howard and Predictive average lines
18:10 Ensign Howard: 1 moment.
18:16 Saroj: What I like about this is that it really highlights price compression
18:17 Ensign Howard: Thanks for attending class today, and please upgrade to current version.
18:17 ae: Thanks Howard
18:18 Ensign Howard: And a reminder that if you do have occasion to e-mail me, please take the time to include related details about your version date, data feed, chart symbol and time frame and refresh source.
18:17 makesownweather: Ensign Howard, I have one more question.
18:18 Ensign Howard: Ask now makesown
18:18 makesownweather: Ensign Howard, what are the properties for the chart Ensign2-6?
18:19 Ensign Howard: 5 for the Predictive Average DYO example -- 5 for the Howard's Average -- and 25 for the Hull because they use square root of the #, which is thus back to 5. Let me change Hull to be a 5 and repost.
18:20 makesownweather: Ensign Howard, can you post the property window?
18:20 Shar: makesownweather, Howard's average is an option in all Moving Averages property window. I use them on my charts.
18:21 Sniffy: Not just mas shar
18:24 Shar: Yes, I know Sniffy. Have it on some of my stochastics also. But was explaining Howard's MAs and where one gets it. :-)
18:26 Sniffy: I knew that you knew, and you knew that I knew that you knew, so now we all know :-)
18:27 CIA: lol
18:27 Shar: rofl
18:21 Ensign Howard: The Hull with a 5 instead of 25 is in this example, and the Hull line is the green/red one.
18:23 makesownweather: Somehow, the first one (2-6) seemed to be clearer to me.
18:23 Ensign Howard: Let me repost with all averages using 10 parameter and also show Simple and Exponential
18:28 Ensign Howard: Thanks for attending class.... see you all again next week. Be thankful for all the blessings you have and enjoy. Tis the season to reflect on the blessings you have.
18:28 Saroj: Do you have time to answer my question Howard?
18:28 Shar: Thanks Howard.
18:28 makesownweather: OK so that is clear. Can I see the property window?
18:29 Ensign Howard: Property for which one ?
18:29 makesownweather: 2-7
18:30 Ensign Howard: There 5 studies on 2-7, which one do you want a property form for?
18:30 makesownweather: I wanted to create that chart. So, I guess, the first and I will figure out how to do the other 4.
18:31 Ensign Howard: I put on the template 1391 for the Predictive. I put on the Hull template too and set Line A # to 10 instead of 25. In the 1391 Predictive I change the Line B and C numbers to be 10 instead of 5
18:31 makesownweather: Also, is there a place on the Ensign site that explains why the 10 instead of the 5; I know you discussed it here, but I need more mulling on it.
18:32 Ensign Howard: I put on a Moving Average and selected 10 parameter and Simple formula
18:32 Ensign Howard: I put on a 2nd Moving Average and selected 10 parameter and Exponential
18:32 Ensign Howard: and I put on Moving Average a 3rd time and selected 10 and Howard's formula
18:33 makesownweather: Ensign Howard, thank you. Somehow I will figure it out and work it out My bin is full. :|><
Zebra Candles
18:23 Saroj: Howard, I want to use the zebra candles with a light color in the candle fill.. however it goes to dark regardless of what I do... I had it last night, but today it is going dark again so I can hardly see the zebra lines...
18:33 Ensign Howard: saroj, show me picture of your zebras
18:34 Ensign Howard: 1 moment
18:37 Saroj: ok... there it works... I removed all the chart objects... maybe it was something in one of them that was messing it up. Is there anyway to make the zebra line darker or thicker?
18:45 Ensign Howard: saroj, you must have some additional effects on the bars you show because the zebras with the up and down with 3-D enables look like this example. The Z will not be thicker.
18:46 Saroj: seems like it... I posted a "normal" zebra with all the objects gone.. see above
18:46 Ensign Howard: Let me go try with 3-D effect unchecked, 1 moment. OK, go turn on the 3-D effect to lighten the interior.
18:47 Saroj: Where is the 3D effect? don't see it on the UI
18:47 Ensign Howard: click menu Setup | Charts and check 3-D Candlestick Body Shading
18:48 Saroj: ok... well I'll keep looking for what object is changing it... thanks for your help...
18:48 Ensign Howard: Post picture again please.
18:49 Saroj: Can you see that? I went back. I don't have it on my screen. Seems like to refresh to get some new attributes I have to choose another TF... is there another more direct way to do it?
18:51 Ensign Howard: Just click the Reset button on the charts panel which has word Reset and white diamond
18:52 Saroj: charts panel? you mean the white strip at the top of the chart?
18:53 Ensign Howard: on charts toolbar, which has series of buttons. Button has word reset and white diamond
18:54 Saroj: ok.. now I see it... it was hidden. Cool... ok... appreciate your help... I'm sure you'd like to go eat or whatever...
18:54 Ensign Howard: Yes, have a good evening and welcome to Ensign. Glad to have you as a new user
18:55 Saroj: Thank you... glad to be hear... very impressive software!
18:57 Ensign Howard: Good night. Bye.
18:57 @Buffy2: Thank you Howard