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Equi-Volume Bars, DYO Changes, Array-Volume Template, Time-Volume Template, Time-Close Template, Array-Volume Template, Gann Square Draw Tool, Overlay History, Time and Scale Option, DYO for price etc, |
September 6 , 2006
16:30 Ensign Howard: Welcome to today's training class.....
16:31 Ensign Howard: I spent last week in the mountains and got lots of work done on the program. Because some of the changes represent major features, we are currently doing a beta test period to iron out any bugs before general release, and a few have been reported and resolved already. Current beta version is today 09-06 version posted to web site a few hours ago. Lets begin with a great visual showing some of the changes.
Equi-Volume Bars
16:33 Ensign Howard: This example shows the following new capabilities.
16:34 Ensign Howard: 1) The candle bodies can have the 3-D color shading which makes them appear rounded like pipes.
16:34 Ensign Howard: 2) The bar widths can be influenced by the bar's volume, kind of like an Equi-Volume effect. However, the genius of what has been done is to keep the bar centers equally spaced so the studies and draw tools can still be applied to the chart with the equi-volume widths.
16:35 Ensign Howard: 3) Since we want some candle to be wider than others, we now permit bodies to overlap, which uses a portion of the space of the neighboring bars.6:36 Ensign Howard: All of these effects are implemented as options, so they can be enabled if you want to use them and disabled if you do not want to use them.
16:37 Ensign Howard: A few of the options are global in nature and are set on the form you get to with menu Setup | Charts.
16:37 Ensign Howard: The new options here are:
16:38 Ensign Howard: 1) Show Vertical Grid in study sub-windows. and when checked the vertical grid on the chart will extend through the sub-windows below the chart where you put studies. I like having the option checked.
16:38 Ensign Howard: 2) 3-D Candlestick Body shading.... check this box to have the beautiful candles shown in the prior chart example.
16:39 Ensign Howard: The option for the variable bar width, or equi-volume as we are calling it, is a private chart property and set on the chart's CTRL+P property form.
16:40 Ensign Howard: On the left side, middle form, is the Equi-Volume option, which when checked will permit body widths to vary in size. This option can alse be used with bar charts and line charts, and will make these images have varying widths. In the middle are spinner boxes for controlling candle construction
16:42 Ensign Howard: I encourage you to permit a larger Candle Maximum such as the 20 you see on my form. If you set this smaller, then the biggest width will be narrower. Note that the Candle Minimum Spacing on my form is a negative number, and this permits the overlapping. If the value were 0 or a postive number, then the bodies could not overlap at all which might restrict our being able to show the Equi-Volume effect. The Max width of 20 and Min Spacing of -8 seem to work quite well for the visual of Equi-Volume
Array-Volume Template
16:45 Ensign Howard: To this chart I have added a template that is also available on my web site and will be discussed in greater detail later in the class.
16:46 Ensign Howard: To show the value of equi-volume bars, look at the place where I have the red arrow between a fat orange bar and its volume bar below. Note that its neighbor to the left side is a tiny blue bar. Tiny blue is because of light volume and fat is because of larger than average volume.
16:47 Ensign Howard: In the volume window I have a cool visual done in red and green which is the following:
16:47 Ensign Howard: The volume for these curves is using JUST the volume for the same time periods each day. So for my average, the volume on just 10:00 bars is used to make a volume average for 10:00 and the volume from just the 11:00 bars is used to make an average for 11:00. There is a natural lull each day at mid-day, and the volume curve show this nicely. That is why they look like drapes hung on the curtain rod. High volume at market open and close, and trivial volume mid-day.
16:50 Ensign Howard: The top of the Green Line is the Maximum Volume seen in the prior 10 volume values, ie yesterday at 10, prior day at 10, prior day at 10:00, etc. for 10 daily values. The bottom of the red line is teh Minimum Volume seen in each of those ten sampled days. The boundary between the red and the green is a Moving Average of the 10 volume values.
16:52 Ensign Howard: On the bar I marked which was mid day on the 29th, this volume at this time of day is normally MUCH lower but this volume in the middle of the day is really high and also exceeds the volume for this time of day for the prior 2 weeks, so this is a very significant break out bar, and it is headed upward. It is an outside range bar as indicated by the orange color and it engulfs a tiny insider range bar shown in blue. The blue was small range (inside range as well) and on lower than normal volume, in fact, lower volume than seen for that time period in the prior 2 weeks.
16:55 Ensign Howard: So even if one did not have the volume showing and this cool template, the fat orange bar engulfing the tiny blue bar was still a huge clue to be long the chart. To show volume sub-window you can press CTRL+V keys
16:56 Ensign Howard: The template is named Array-Volume and can be downloaded using Internet Services form. Please wait until later to get the template, I have 2 more templates which are similar to explain in greater detail. However, this template helped illustrate the visual value of the Equi-Volume options, and the attactive candles
16:57 Ensign Howard: Any questions about the candles or equi-volume?
16:58 sigma: Will equi-volume bars work on tick charts?
16:58 Ensign Howard: Yes, sigma it will work on any of our chart type. There is variable volume for tick chart, intra-day, daily, weekly, monthly, and range bars. Now for Constant Volume bars, we implemented variable width based on the tick count which is still a good indicator of increased activity. If it takes 80 ticks to get 200 volume, versus 10 to get 200 volume you might conclude the market is thinly traded with the 80 tick count bar.
17:01 mtrade: I have used it since the first beta: very nice and very useful! Will not go back to standard charts. Thanks a lot for this amazing work !!
17:01 Ensign Howard: thx mtrade for the feedback.
17:02 ticks: Major breakthrough for charting -- only Ensign has it ! Thanks Howard !
17:02 Ensign Howard: Now we call it a beta because of the major changes, however, more than a dozen have used it for the past couple of days and they are doing fine with it. The items that have been noted needed fixing have been fixed.
DYO Changes
17:02 Ensign Howard: There are major changes to the DYOs which I will explain next. If you have older Ensign with DYOs and templates, running the Beta will auto convert these DYOs to the new format when you open the charts.
17:03 Ensign Howard: If you RESAVE the workspace, thechart, or the template, the DYO files will be changed, and then you cannot go back to the old Ensign. File created with the Beta (new) Ensign cannot be used by older Ensign users.
17:04 Ensign Howard: Solution will be for everyone to upgrade to the Beta eventually... Possibly just wait a few more days for us to be off of beta testing and have the bugs removed if any still remain.
17:05 Ensign Howard: Now some of the major changes to the DYOs are as follows.
17:05 Ensign Howard: 1) Some categories were getting to have huge selection lists with over 200 entries. These have been divided into additional categories.
The Global Value category was divided into a new category called Function and the Global Value was renamed to be Expression.
The Chart Value category was divided to create DYO Value category, and the DYO Value selections are those that reference other DYO lines, such as Line A Ave[#]
The Chart Flag category was divided to create DYO Flag category and its selections also reference other DYO lines such as Line A Goes True
17:08 Ensign Howard: These changes will make it easier to find what you are looking for now that the listings are shorter
17:09 Ensign Howard: And while I was reorganize the listings, selections that are similar are grouped together. It startedout that way and got a bit disorganized as more items were continually added to the bottom of the lists.
17:09 Ensign Howard: The next major change to the DYO was adding the ability to branch through the use of Go To statements. Now it is possible to skip over a group of lines, which basically is a Begin..End blocking and you can jump back in the DYO listing which implements looping.
17:12 Ensign Howard: I will start with an example for the average volume illustrated where the sample is for value from the same time period each day.
Time-Value Template
17:12 Ensign Howard: This example is a template you can download named Time-Volume
17:13 Ensign Howard: Let me discuss the template design.
17:13 Ensign Howard: I have applied the template to a 1 hour chart, day session only, of ES and there are 7 hourly bars per day.
17:14 Ensign Howard: So if I am working on the 10:00 bar, I know that 7 bars earlier is the 10:00 bar for yesterday, etc.
17:14 Ensign Howard: So on Line A lets set a parameter for this time interval of 7 as the number of bars to jump back to find the same time bar in a prior day. This jump back distance is the number of bars to jump back, and will be my 'delta' distance.
17:15 Ensign Howard: Line B is the number of bars to fetch for the average, and a 10 is our 10-period moving average paramter. If you want a different average, edit the number on Line B.
17:16 Ensign Howard: Ok, with the parameters in place, there are 3 more things I need to initialize.
17:17 Ensign Howard: I am going to read bar values back in time using there index reference. So Line C initializes a GV point to the current bar's Indes. This will be GV [3] and I need two more GVs initialized to zero, so GV [4] will be where I sum the volume values and GV [5] will be our counter for the number of times we iterate through a loop. Line D sets [4] and [5] to zero.
17:19 Ensign Howard: Ok, now for the action to be done inside of our loop which is Line E through Line G.
7:20 Ensign Howard: Line E will get our index pointer and decrement it by the delta size and resave in the index GV [3]
17:22 Ensign Howard: Line F will get the volume at the Index position read by GV [3] and also add in the value from the number field which is reading the contents of [4] which is our sum. This summation is rewritten back to GV [4]
17:22 Ensign Howard: Line G is the new Go To IF statement and it says to go back up to Line E based on a condition.
17:23 Ensign Howard: The Selection shows Inc(Value); Test (Value < #) so it is a composite statement that will increment the contents of Value, which is our counter GV [5].... THEN it will test the result to see if it is below our Period limit in GV[2].
17:24 Ensign Howard: The Inc(Value) thrown in on the Go TO just saves a step in incrementing the counter, which is going to be a common use item for looping. The increment read GV[5], added 1, and resaved in GV[5] directly.
17:25 Ensign Howard: The result of G is boolean, and not the counter value, and we have no use for this result so the Write GV on Line G is left on zero.
17:26 Ensign Howard: When our count arrives at 10, our Period parameter, the looping passes to H instead of to E.
17:26 Ensign Howard: Now we can read the sum in [4] and divide by the Period in [2] and plot this as a red curve line.
17:26 Ensign Howard: Line J is just a little illustration of controlling the background color for the Section message.
17:27 Ensign Howard: The message Text is the average from Line H and the current bar's volume value using [$V]. The message shows on 2 lines because the text contains a comma to divide the message.
17:28 Ensign Howard: The character with the [H`] is the character on the tilde key and is just a formatting control to show this as an integer. Same with the ` with the [$V`] it shows result as an integer format to elimiate the .00
17:28 Ensign Howard: Line Logic is set to the boolean result of Line I and Line I is a simple test of whether the Average written by Line H to GV [0] is below the bar's Volume.
17:29 Ensign Howard: When the test is True, the background of the section message will be green and when it is false the section message will be red. This is a quick visual if the volume is below the average (red) or above the average (green). This kind of matches the red/green coloring I used in the bands on the other template.
17:31 Ensign Howard: This template illustrate several techniques, such as initializing parameters, reading bar values elsewhere on the chart, looping, plotting, coloring the section background, and showing values in integer format. The template is intended to be a teaching example, but should have use as well.
17:33 Ensign Howard: Previously you have not had a way to have an average volume based on the bar's time of day position. Now you can know if the volume at mid day is excessive, or the volume at session open is normal, higher or lower. You do not get this insight by just doing a regular moving average of all adjacent volume values.
17:36 Ensign Howard: On this chart I added a 10 period simple average of the volume in green so you can compare the typical average volume (green) with the time specific volume average in red. To me the Red is more informative of when the volume for the time period is normal or excessive. Also see the excessive volume untypical for the 2nd to last bar of the day, big down red bar
17:39 ticks: Brilliant addition to Ensigns already super powerful program! Thanks Howard...
17:39 makesownweather: yes - agreed - thanks Howard!
Time-Close Template
17:40 Ensign Howard: ok, lets move on to a similar example using price. Oft times I am asked if I can show a 5-min average on my 1 min chart or something like that, show a study from a higher time frame on a lower timeframe.
17:45 Ensign Howard: On this example, I plotted a 5-bar simple average in cyan, but that averages hourly bars. Suppose you wanted the 5-bar daily closes averaged and shown, well this is like our example of jump bars to get the volume in the last example.
17:46 Ensign Howard: We can jump bars back in time to collect close price on different days and average these collected prices.
17:46 Ensign Howard: The red line is a 5 bar average of the closes from the bars at the same time period on 5 different days. And as would be expected, it is a bit choppy, but still plotted differently than the 5 bar average in cyan.
7:48 Ensign Howard: Now the blue line is a 35 period average for reference, and the 35 is coming from the 5 period average times the 7 bars being jumped. So the 5 period average that jumps back 7 bars at a time to get into a prior day is covering 35 bars by its 5th jump back.
17:47 makesownweather: yes!
17:49 CIA: wow - Howard - you are terriffic - truly!
17:49 Ensign Howard: As expected, they are similar, but not identical, and the 35 ave is plotting smoother because it drops 1 price, adds one price and retains 34 prices in the average. The 5 bar average only retains 4 and so the drop 1 and add one can be a bigger percent change.
17:50 Ensign Howard: This template example is named Time-Close and can be downloaded from web, but you need to have Beta for it to work because it uses the new GoTo looping.
17:51 Ensign Howard: The delta on A and the period on B are like the prior discussion.
17:51 Ensign Howard: We initialize the index for the jump back to the current bar on C
17:51 Ensign Howard: We zero our sum and our counter on D, same as last example.
17:52 Ensign Howard: Line E is the same decrementing of the index by the size of delta.
17:52 Ensign Howard: Line F harvests the Close at the Index which is in Value (Read GV setting) and adds in the prior sum from [4] and resave new sum back in [4] (Write GV setting)
17:53 Ensign Howard: Line G is the same looping implementation of incrementing our loop counter in [5] and test against our limit which is the period parameter in [2]. Now the number field could have been the actual number of 10 or 5 or whatever but I made the example use a parameter line as being easier to edit if you want a different average. Change the average in one place, the number field on Line B.
17:55 Ensign Howard: Line H is the average of the Sum in [4] divided by the period in [2]17:55 Ensign Howard: And Line I is our little boolean used for the automated section coloring of either True color or False color which are set to red or green.
7:56 Ensign Howard: In the chart the current price was at 1302.50 which was below the average so the section background was Red. When it goes above the average, the section color will switch to Green. Kind of cool, lots of things being done on the form.
17:57 Ensign Howard: Now, personally I think it a lot of work to try to have this type of higher time frame study on the chart. For my purposes, the red line is not that different than the 35 period blue line. True, they are not the same, but they are similar enough for my purposes... charting is either above or below this bigger average... but you can decide what needs you have.
17:58 Ensign Howard: Any questions about the DYO examples?
17:59 bg: Amazing work -- thanks for all you do for us.
Array-Volume Template
17:59 Ensign Howard: Now let me show the Array-Volume template with its green and red bands and new tricks done to show that.
17:59 Ensign Howard: Back to the template for this example, which is the Array-Volume
18:00 Ensign Howard: I am showing this template last because it is a little more complex, yet basically the same as the other 2
18:00 Ensign Howard: Line A through D are the same
18:01 Ensign Howard: Line E is differnent, and what I am doing here is using a set of GVs to hold the 10 values we intend to harvest. So I am not going to sum them, instead I am going to store them. The trick utilized is to shift rightward all the values in our GV set. The size of the set is the number field 10, and the beginning position of this set of 10 is at GV 10, but starting could be anywhere in the 0..255 available.
18:03 Ensign Howard: So my set is GV[10] thru GV[19]. So shift the set rightward, causes contents of 18 to go into 19, 17 into 18, etc, 10 into 11.
18:04 Ensign Howard: Now Line F is a bit different in that is reads the volume at the index position which is GV[3] and this line WRITES the volume into the first position of our shifting array, ie into GV[10] and Line G loops back to D, and loops a bit differently.
18:05 Ensign Howard: Here I am decrementing our [2] parameter, and testing is it still greater than zero. It will still loop 10 times and in doing the loop 10 times we will have right shifted the array and filled it with 10 virgin volume values.
18:06 Ensign Howard: Now Line H, I and J can operate on the array of 10 values to do the following
18:07 Ensign Howard: Line H finds the highest value in this set of 10 volumes and plots the upper green band.
18:07 Ensign Howard: Line I calculates the average of the 10 values and serves as the bottom of the green band, and top of the red band.
18:08 Ensign Howard: and Line J finds the lowest value in the array set and provides the value for the bottom of the red fill plot.
18:08 Ensign Howard: so H, I and J have created the 3 values needed by the 2 fill markers on H and I.
18:09 Ensign Howard: I thought this was a great training example as well, and very useful for those interested in volume at same time of day. This DYO did not have a spare line for doing the section coloring, so the Line Logic is set to true and will always be green.
18:09 Buffy: sure is neat
18:09 bg: yes its very very useful Howard
18:10 Ensign Howard: Ok, any questions about the DYO examples?
18:10 makesownweather: line j - how does that work? I just see "none"
18:11 Ensign Howard: the marker on Line I needs two values to fill between, and it gets first value from its own line and 2nd value from line following. So line J is providing the value the marker needs without having a plot to perform by J
18:11 makesownweather: clever
Gann Square Draw Tool
18:12 Ensign Howard: ok next topic will be the super capabilities of the Gann Square draw tool.
18:16 Ensign Howard: This shows a typical use of Gann Sq with horizontal and vertical divisions of a square placed on the chart manually by picking 2 corner points for the square. When the Fan Lines box is unchecked, the selections add horizontal and vertical lines. Check the Fan Lines option converts the image to the following fan lines from the corners.
18:18 Ensign Howard: More or fewer lines can be added by checking or unchecking the Horz and Vert selection boxes. And of course, you can pick your colors, line style and markers to show.
18:19 Ensign Howard: Now lets get more interesting by check the new Fill Chart check box option.
18:19 ae: hubba
18:19 ae: wow
18:20 Ensign Howard: That single option box will auto replicate the box to fill the chart in all directions.
18:20 Ensign Howard: This instantly gives you a background grid which is why I had the chart grid and show session breaks options turned off. I still think there are too many lines in the fan, so let me uncheck the 25 and 75 levels boxes.
18:22 Ensign Howard: That looks a bit better to me to have fewer fan lines.
18:22 SharonSS: That is so neat.
18:22 Ensign Howard: The levels at 50 give you the 1x2 and 2x1 fans from each corner and the 100 level give you the two diagonals corner to corner. You can uncheck the 100 Horz or 100 Vert box to remove one of the corner to corner diagonals. You can play with it to see the multitude of options and visuals you can create.
18:24 Ensign Howard: Now on the right hand side are 3 check boxes for 100%, 50% and 25% diagonals. Let me uncheck the Fan and show you the difference between a corner fan and a diagonal.
18:25 Ensign Howard: The 100% will be the same as the corner to corner fan lines.
18:26 Ensign Howard: The 50% goes from mid horizontal to mid vertical on the box, instead of from a corner.
18:26 Ensign Howard: The 25% does the same to make grid lines parallel to the corner to corner lines.
18:27 Ensign Howard: Now if you want to add horizontal or vertical lines too, then check the Horz and Vert boxes for those levels on the left side of property window. The only ones needed for this last visual were the 2 checked boxes on the 0.00 Level. I think you Murry Math folks would like horz and vertical lines, and possibly not the diagonals or fans.
18:28 SharonSS: Howard (when you're finished), I don't understand how you choose your 2 points though. I see where the second one is 8/30, but why there and not 8/28 high? chart
18:28 Ensign Howard: Arbitrary Sharon, it is just an example. You pick what you want.
18:29 SharonSS: Ok. thanks.
18:29 Ensign Howard: I'll move 2nd point for next picture
18:30 Ensign Howard: In this example, note that the 50 level Horz and Vert lines are checked and added to image. And I checked the option to draw a circle at the square corners, this option will always use the color and line style from the 2ND row of the form, which is where I have Blue and thin line.
18:32 Ensign Howard: When Fill Chart is checked, then I ignore the left and right side markers that might be selected. The gann sq tool is super flexible and can accomplish horizonal, vertical, diagonal, fans, and fill the chart
18:33 SharonSS: I'm sorry, what are side markers?
18:37 Ensign Howard: the markers that are ignored when Full Chart is checked are the left side and right side markers you see selected on the form -- mine show % and $. But as a grid tool, the markers would clutter the chart and are being ignored
18:37 SharonSS: Ok, understand. :-) Thanks you.
18:34 Ensign Howard: You can experiment with the check boxes to see what you get, and it is easy to end up with too many lines but you can find what makes a nice grid for you if used for that purpose. Note I have soft colors for my lines so they are subtle on the chart background
www.ensignsoftware.com/whatsnew.htm
18:39 Ensign Howard: This What's New page shows the changes in the beta, and a few fixes reported yesterday and today. I know of one minor change to a property form that was reported at class start time that I will fix for tomorrow's upload. Other than that, I think we are really close to being off of beta status and inviting everyone to upgrade.
18:40 Buffy: That is great as beta scares so many away.
8:41 SharonSS: Usually that me, Buffy. But the goodies were too good to pass up and didn't want to wait. Mine works great.
18:40 Ensign Howard: oh... if you use the OpeningPrice template, a new version was posted a month ago and its upgrade would be needed to work with any Ensign version after Aug 4th.
18:41 Joel: Will these features be in the normal version in the near future, or do we have to download the Beta Version?
18:41 Ensign Howard: Well, beta did a good thing then. Beta gives a few a change to give feed back, rather than everyone seeing same bug. When not on beta status, the current version becomes the normal version. Have both in parallel during beta testing which started Monday and probably will end on Friday, depending on feedback received tomorrow, which I anticipate will be 100% thumbs up
18:43 ticks: 2 thumbs up !
18:43 ae: agree with ticks, thank you Howard
18:43 Ensign Howard: thx ticks and taku and ae
Overlay History
18:43 Ensign Howard: Let me comment on the new feature listed for overlays
18:44 Ensign Howard: In the past users creating custom symbols with Setup | Custom Symbols form would often have a simple spread or ratio, and yet lack having any back history.
18:45 Ensign Howard: If the same formula can be expressed in our Overlay study to do the spread or ratio, then you will now be able to get some back history.18:45 Ensign Howard: create the overlay, and when it displays it makes the calculations by loading the chart files and syncing the data bars. We have the answer because we plot it on the chart.
18:47 Ensign Howard: The feature added was to automatically write our spread or ration calculations out as an Ensign chart file and we will always write the file using the name Overlay, the chart time frame for an extension, in the same folder as the source data, such as C:\Ensign\Minute
18:47 Ensign Howard: You can use Windows Explorer to rename the Overlay file to be the symbol you use for your custom symbol. And the viola, you have some back history for your custom symbol chart.
18:48 Ensign Howard: taku your ?
18:50 taku: If I uncheck the show/scale and price, how do I get the current price to show? Always trying to save screen space?
Time and Scale Option
18:50 Ensign Howard: oh, that is a beta feature not covered yet, thanks for reminder.
18:50 taku: lol, silly me
18:51 Ensign Howard: We have an new tiny charts feature, accessed from the rightmouse click pop-up menu
18:51 Ensign Howard: select Show | Scale and Time menu to check or uncheck it.
18:52 Ensign Howard: A normal chart would have this menu checked. The tiny chart option would have the menu unchecked, which results in a chart like this.
18:53 Ensign Howard: Note the scale on the right, the time stamps on the bottom and the Min and Max buttons have been removed. Now you can resize the window to be tiny. like this.
=
18:54 Ensign Howard: Possibly you would like to do this with different time frames and arrange the tiny windows side by side. This makes for a quick visual of the price action on different time frames. You can see the break above or below a prior bar or recent pattern. Use the Equivolume to give you a hint of the volume like in the example just posted.
18:56 mondo: that is fantastic Howard - will it autoscale?
18:56 Ensign Howard: yes it is a normal chart
18:56 Ensign Howard: you can have all your studies, DYOs, draw tools, alerts, etc. Just make tiny by hiding the scale and grid and buttons.
18:56 mondo: cool :)
18:56 ticks: great for small screen notebooks
18:56 Ensign Howard: Here I added stochastic and sized sub-window to be half of the image. You can so what you want. Now you can also have the bar data panel and alert message show at top of the tiny chart.
18:57 Ensign Howard: taku, that is the answer to where can you see a price when it is tiny -- have the bar data panel showing, and go to Setup | Charts | Data Panels and edit the field order to have Last be the first field by moving the label to the top of the order list
18:59 Ensign Howard: taku, got the idea, or do I need to show example of price on chart?
18:59 taku: Maybe I did not express my self. Not concerned wtih tiny charts. On a full size chart I would like to uncheck the scale and time and be able to move the price that was in the scale area inside. the chart
19:00 SharonSS: But Howard, wouldn't changing the Setup/Charts/Data Panels change all the data panels for all charts? Wouldn't it be better to do it for the individual small chart? Or am I wrong? Or did taku want all his charts changed?
19:00 Ensign Howard: The change would affect all charts, not just the tiny charts
19:01 Ensign Howard: ok taku, make the change on Setup | Charts | Data Panels by unchecking the boxes for those fields.
9:03 Ensign Howard: have the Show | Scale and Time unchecked
19:03 Ensign Howard: Have Bar Data panel showing, and possibly have just the box for Close checked
19:03 taku: true. I understand all that.
19:03 Ensign Howard: ok, Caption line of chart also shows current price. I am suggesting that is the solution
19:04 taku: Let me think how to properly phrase my question. Some where there is an option . do you want to put the current price in the scale and time. There is no room for that if I uncheck the scale and time then it disappears on tiny charts.
19:05 makesownweather: great class Howard - I will use all these new features over the next week of two - thanks again :) - good night
19:06 Ensign Howard: the option to not have price shown on the scale is on Setup | Charts for the Cursor
19:06 Ensign Howard: 5th row down....Show Current Price in chart scale. That controls the current price being shown on the scale with a inverse background around it.
19:07 taku: yes . that. If do away with the scale and time . I want to write a dyo to put it back some place and have it follow the line or bar up and down the screen like it does if the scale and time is indeed checked
19:08 Ensign Howard: OK can do with DYO -- easiest is to just use the bar data panel
19:08 taku: true very true
www.dacharts.com/qtips-dyos/add-timer-tick-count-active-candle.htm
19:10 Buffy: can use something like that but the values you want
19:10 Ensign Howard: yes, will be a simple DYO
19:10 taku: hmm copying buffy, I could save about seven inches out 48 inches of screen space
19:10 Buffy: it is under faq qt dyo on dacharts -- probably in qna too
19:12 Ensign Howard: shall I show DYO solution?
19:13 CIA: yes
19:13 Buffy: Sounds like it would be popular and go well with new feature. We can add it to quick tips too.
19:13 taku: If you wish. . sure I can figure it out
19:14 taku: yes thats it
19:15 taku: And that does not wait for bar close. That is so simple
19:15 Ensign Howard: True, tick by tick, floats up and down
19:15 taku: Gees worked on it last night. could not figure out. Thanks ever so much. Brilliantly simple --- thanks
19:15 Ensign Howard: Key is Marker Location is Last and doing the label of Line A content and Line A is reading the bar close.
19:16 terry: good stuff Howard. ty
19:16 Ensign Howard: enjoy.... think that will be a wrap for today's class..... nearly 3 hours of constant typing for me is giving me writers cramps
19:16 amg: EW just keeps getting better and better...wonderful new features, Howard!
19:16 Buffy: thank you so so much Howard
19:17 ticks: Thanks Howard !!
19:17 SharonSS: I'm sure, Howard. Thanks for everything!
19:17 Ensign Howard: Thanks amg, did you have any questions amg?
19:17 PA: Thank you Howard.
19:17 Ensign Howard: welcome all
19:17 amg: no, but I did do a quick write up on my site on Equivolume
19:17 taku: that works .great. thanks Howard
19:17 ticks: Go back to the Mountain for some rest...
19:17 amg: your implementation of it is better than the original, in my opinion
19:18 Ensign Howard: I agree amg... the genius was keeping the bar spacing constant so the studies and draw tools could continue to be used on the chart
19:18 amg: exactly...when you explained that in class, it made it all the more brilliant
19:19 CX908: What I have seen in these last few minutes looks very exciting. Thanks.
19:19 Ensign Howard: amg, perhaps your web writeup would be material for next Trading Tips newsletter
19:19 amg: plus, letting the candle wicks show leaves important information on the chart. Sure, I'll polish it up a bit and make a few examples
19:19 Ensign Howard: neat effect with Ensign Flutes too
19:19 Ensign Howard: let me show example, with Open Hash option unchecked
19:20 Ensign Howard: That is a cool chart too, using flutes
19:21 PA: looks better and neater with the open hash unchecked for flutes. never thought of that. thanks.
19:21 amg: Even 'traditional' bar users might like this...you can still get 'old fashioned' bars but they get skinny or chubby if EquiVolume is checked
19:21 ticks: No end to your "coolness" Howard...
19:22 taku: thanks again Howard. . time for chores. .
19:22 Ensign Howard: and also so does line chart, let me post example
19:23 amg: cool...too amazing
19:23 Vera: flutes look really cool, but I would find them distracting when trading
19:23 CX908: sweet stuff
19:23 Ensign Howard: yep, pretty good stuff added from my mountain retreat
19:23 SharonSS: :-)
19:23 Vera: very nice
19:24 Ensign Howard: ok, thanks for attending, and if you like what you learned and saw, share your excitement with others so we can pick up a customer or two
19:24 ticks: will do - thanks
19:24 Buffy: Seem to remember the moutain retreat resulting in lots of new things last year too :-))
19:24 Ensign Howard: Yes buffy, you are correct, did major overhaul of chart properties last summer
19:25 Buffy: Enjoy the rest of evening Howard and thanks again -- great class and very thorough
19:25 Ensign Howard: ok, gn -- bye
19:25 amg: Equi-volume will prove to be a very attractive feature.
19:25 ticks: bye
19:25 Buffy: hi amg
19:25 amg: hi buffy
19:25 Ensign Howard: Probably, just watch the competition copy-cat me -- guess being copied is a compliment
19:26 Buffy: It sure is Howard. It will take them a while to catch up for sure. They can't catch up in the support and ease of use though IMO.
19:26 amg: These new features have really peaked my interest in trading/charting...was getting a bit jaded, lol
19:26 ticks: Howard they can never catch ya...
19:27 Ensign Howard: Remember the 3 templates demonstrated today can be downloaded as well so you do not have to type them in to experiement with them.
19:28 Ensign Howard: I really am leaving this time...gn, bye
19:28 virt5: Thanks again and great job on the "new new ensign"
19:28 ticks: gn
19:28 SharonSS: bye Howard.
19:28 cyndc: tks H.