New Color Selection, New column Option for DYO, Use of the Butterfly Drawtool

June 1 , 2005

 

New Optional Color Selector

16:33 @Ensign_HA: On the Setup | Computer form in the next version I release there will be a new selection frame for Color Dialog. The selection of Standard (default) will be the color dialog you have been using for the past few years. I have added an alternative dialog called the Hexagon selection which I will show you now.

16:35 @Ensign_HA: This is a new cool dialog for selection colors and one I think I will end up preferring over the old one. For one, there are more colors shown on the form from which to choose colors. On the top it shows the color currently selected and its Hex number, not that we need the hex number, however. There are 8 columns by 5 rows for 40 commonly used colors. Then there is the hexagon with another 133 colors, and that is what interests me. You can click on any color show, and click OK to close the dialog form, or double click on the color and the form closes.

16:37 @Buffy2: no more losing custom colors?

16:38 @Ensign_HA: correct buffy

16:38 @Buffy2: :-)

16:38 @Ensign_HA: note on the right side there is a slider bar that darkens the colors in the hexagon. I have mine slightly darker than normal, let me repost with the slider all the way to the top for full bright.

6:40 @Ensign_HA: along the bottom is a gray scale selector. Just click on that bar and the rectangle will move to your click selection and you will have picked a shade of gray between full white and full black. I think I will be saying 'good-bye' to the old color dialog because this tool will offer more colors cleanly than I can possibly use. (Both options will remain in Ensign)

16:41 @Ensign_HA: any comments or opinions so far, though you have not used it yet?

16:42 virt: what happens to the existing colors that we have now?

16:42 @Ensign_HA: nothing happens to your existing colors - they will still be used. But you can use the new dialog as the means to change them - all the colors you see is what you get and exit rerun of Ensign will not lose your selections

16:43 virt: thanks - excellent

16:43 @Ensign_HA: so yes, what you call custom color is going to be retained

16:44 @Ensign_HA: I like all the light shades of yellow, and red and blue. These I use for the Gartley fill colors for the triangles. In the last example posted, the color I had on the form was white, and on entering the dialog it highlighted the white in the three areas where it matched. It framed the 8th column, 6th row, white color and the center of the hex is white and the left side of the gray scale is also white. It matched all three because all three were white - kind of cool

16:52 @Ensign_HA: if you don't like the Hexagon form, continue to use the standard form - so pick what works easiest for you

16:52 dblue2: ;))

16:52 virt: Howard would you post a prop window...with the hexagon on top of it...with some color other than white?

6:54 virt: ty

16:54 @Ensign_HA: entered with Red as the original

 

New DYO column selection

www.ensignsupport.com/email/274.mhtml

16:57 @Ensign_HA: for the knowledgebase #274 which I tried to show in the viewer

16:57 @Ensign_HA: I wanted to point out a new selection on the DYO form for a label column position.

16:58 @Ensign_HA: on the DYO, there is a new Label Location selection box with 10 choices. The default is Column 1. What this does is affects the horizontal position of labels in the margin. Column 1 is the current position you have used which is against the end of the bars on the chart, or at the end of the study lines.

17:00 @Ensign_HA: The request, as talked about in knowledgebase #274 was the desire to have different DYOs show their labels in separate columns so they do not overwrite each other. Thus the user is making the margin wider to show more columns of labels. Each column selection will move the position of the label rightward by 4 characters. So column 3 will be 8 characters to the right of column 1

:01 @Ensign_HA: study the example in KB #274 please. The user had a nice looking example of how this might be used.

17:02 @Ensign_HA: any questions about the label location for Column #

 

Gartley/Butterfly Drawtool

17:05 @Ensign_HA: let me teach more about Gartley tool and then you all can tell larry

17:07 @Ensign_HA: here is example Gartley on the chart where I manually picked the 3 extreme points and the tool found the B and C points between the A and D selections

17:07 @Ensign_HA: Now, if you will put on the tabs for the tool's property form different color selections, then you can easily change to another color by rolling your mouse wheel or pressing a digit on the 10-key pad

17:09 @Ensign_HA: there I demonstrated spinning my mouse wheel while the tool was selected to go to different property settings. On one setting I had Triangle checked and then it skipped marking the B-C waves and showed just the triangle

 

17:09 @Ensign_HA: now let me show another thing with the tool

17:11 @Ensign_HA: now in this example, still all with 1 tool, I have shown Fib extensions. The pink line is parallel to x-A and of a distance of 1.272 of the x-A size, measured from D and the thick blue line is the distance from the 1.272 to the 1.618 level and I have horizontal markers at each price to create the zone effect or target

17:12 @Ensign_HA: let me show the property form for this

17:13 @Ensign_HA: The extension will be point E, and the D-E line will be parallel to the x-A line and some multiple of the x-A size. This is the Fib Extensions principle, and the measurement is from point D. See the bottom two lines are checked to show the D-E line and the D-E' line. E was the 1.272 distance and E' was on the same line but at a 2nd distance, which I have as the 1.618 distance. So the tool can also do Fib extensions from point D

17:15 @Ensign_HA: ok, teach Larry that, and the other things I show you about the tool

17:15 timNY: LOL - I will work on that

17:15 @Ensign_HA: now the C-D' line is a measure to another alternate point D' which is similar to the one you selected but this one is a distance that is calculated for you. Often Larry was marking what existed by interested in where the 1.272 of the butterfly would be - this C-D' line will do it automatically for him. Let me show an example of this

17:17 @Ensign_HA: Here the 2nd wing is showing itself at the .707 retrace distance, and that is point D. But the green line extends to show you where the 1.272 distance would be for a point D'

17:18 @Ensign_HA: here is the property form for the last tool example. Note that the line C-D' is checked and you can enter the distance you are interested in which might have been .618, or .786, or 1.272, or 1.618, etc.

17:19 @Ensign_HA: any questions about this extension of the current trend to point D'

7:20 @Buffy2: that was great Howard thanks

 

17:20 @Ensign_HA: ok, let me teach yet another use of the tool

17:20 @Ensign_HA: on the property form is a check box option labeled Marker @ AB=CD. When this is checked, the marker on the D-E line will be shown at the point where CD would be identical to AB. This is a particular pattern for the Gartley formation and knowing where CD equal AB might be of interest

17:21 timNY: great

17:21 @Ensign_HA: so for the next example this Marker option will be checked, and I will pick a block for the marker shape to show

17:23 @Ensign_HA: This picture shows the Pink block where the D point would be that makes CD = AB - looks like it is two days away and price is already beyond that point but we know where it is at least as a reference point - cool.... any questions about the Marker @ AB=CD

7:24 timNY: will have to play with it first you have covered so much

17:25 @Ensign_HA: ok, please share with larry, because he is probably unaware of the added power I put in the tool and if he does not learn about it before July 22nd, then I will show him at the Ensign Training Seminar we are having in Salt Lake City, where Larry is one of the trainers

www.ensignsoftware.com/ensign_seminar.htm

17:26 @Ensign_HA: you all are encouraged to make arrangements to come to the Salt Lake seminar - expect to have a great time and we would love to meet as many of you as possible.

 

QnA Knowledgebase Improvements

www.ensignsoftware.com/help/help.htm

17:27 @Ensign_HA: now, take a look at the material added to the Help page

7:28 @Ensign_HA: note there are new links in many sections that begin with Q&A: --------

17:28 @Ensign_HA: This will be a search of the Knowledgebase using the keyword that follows - try one, click on the Q&A: DYO entry in the Design Your Own list - try the Q&A: DYO link. Isn't that cool to have a list of 28 DYO entries in our knowledgebase???

17:29 @Ensign_HA: I think it is excellent that the Help page had a dozen commented examples and then the Q&A has another 28 entries, many of which are great little examples or suggestions

7:31 @Ensign_HA: buffy, the 251 entry for the DYO is the example I helped your room with on Saturday

17:32 @Ensign_HA: the 262 Kase Peak Oscillator is a MAJOR example that used 3 DYOs to implement . So for it, I have posted a template to download and just given links to other web sites that have the formulas. That particular template makes use of stuff I added to current version to support some steps needed, such as doing a Standard Deviation of another DYO line.

17:33 @Ensign_HA: ok, I am done with showing off new stuff.... ready to spend a few minutes with your questions

17:34 @Ensign_HA: if you see a Q&A item you want to discuss, tell me which one you want more help with

17:35 TerryT: cool stuff - timNY: very

 

17:39 @Buffy2: I have a question if someone gets a template with the new markers but doesn't have the 5/25 version or later will Ensign give AVs?

7:40 @Ensign_HA: doubt it would be AVs, but might give errors for List Index out of Bounds

17:40 @Buffy2: ok thanks

 

17:40 @Ensign_HA: there is so much good stuff already in current versions, users should just stay current, imho

17:40 @Buffy2: Would you like to see rainbow 2XBline

17:40 @Ensign_HA: yes

(This template available on Dacharts.com Template Page.)

17:53 TerryT: good stuff Howard - thanks Howard, Happy B-day - Great class -

17:56 TOC: Happy Birthday Howard