What's New,Indicator out of range,Transfer of Flag Status, IB Charts not updating,Ichimoku Charts

July 20, 2005

16:37 @Ensign_HA: Hi from Ensign..... Class will begin in 5 minutes.... you are in the right room.

www.ensignsoftware.com/whatsnew.htm

16:37 @Ensign_HA: Welcome to our class today..... I have posted the link for the changes of the last few days.

16:37 @Ensign_HA: Those of particular interest are:

16:37 @Ensign_HA: 1) There is a mandatory upgrade for the Ventrilo to go to version 2.3, which you probably are already aware of and have upgraded. I mention it in case someone reads the transcript later and did not realize why they could no longer connect with Ventrilo. You can obtain the 2.3 Ventrilo version from the Ventrilo web site, and our web site has a link to take you there as well.

16:37 @Ensign_HA: 2) The current version fixes a recent problem in the audio for study alerts not sounding. The problem required other study alerts without sound to be present ahead of the one with the sound. Upgrade so you do not experience that issue, which started with the July 8th version as best as I can tell.

16:37 @Ensign_HA: 3) The July 20th version fixes an error that would happen if chart Auto Scroll mode was enabled and the user closed the chart before turning off the scroll mode. Doubt very many users ever experienced this issue, but it is fixed nonetheless.

16:37 @Ensign_HA: 4) Those who use the IB feed and follow volume charts really should upgrade to the July 20th version because we found by comparison why our volume charts did not build bars as quickly as the IQFeed charts. The issue was related to Ensign inserting a filler or missing tick when we could detect that IB must have skipped a tick. We were filtering the amount of volume permitted for this filler tick. The fix was to increase the filter limit so the filler tick could have a larger volume.

16:39 @Ensign_HA: Any questions about recent changes/improvements?

16:41 @Ensign_HA: At this time we will open the class discussion to handle your questions.

16:42 @Ensign_HA: As a reminder, our Knowledgebase of e-mail answers is growing and should be part of what you elect to read each week to keep up on the Q&A about Ensign. You just might learn a thing or two, or discover some neat DYO examples.

16:43 pw: thanks for the reminder Howard

Indicators out of range in study window

16:44 @Ensign_HA: Does anyone have a question?

16:45 TJ: Hi Howard, I mentioned this to you before you left. Can you set-up Ensign so that we can use the parameters that we want in our sub-window indicators and be able to see the peaks and valleys of those indicators.

16:46 @Ensign_HA: in your example, the STO is NOT off scale, it is pegged at the 0 or at the 100 - so there is not range adjustment to make for the STO

6:47 @Ensign_HA: on the MACD histograms, you have a sizing parameter on the study property form already that you can use to make the amplitude smaller so it does not plot off the top or the bottom as you show.

Con't below

16:47 @Ensign_HA: hi mbh, go ahead with your item now.

16:48 mbh: we have made an alteration to the manual in the section titled start and end times of the alan box to try and clarify some confusions...could this be pasted into your reference please bud?

16:49 @Ensign_HA: of course mbh, just e-mail me the changes and hopefully the existing text that needs to be deleted or corrected.

16:49 mbh: ok...ty Howard

Transfer of Flag Status

16:52 @Buffy2: An example of the most efficient way to show a flag changing on a lower tf and marking it on higher tf would be nice to have in faq dyo section. There wasn't an example just comments in qna when checked over the weekend

16:54 @Ensign_HA: ok, would appreciate a suggested example and I can finish the presentation to post to the Knowledgebase

16:54 @Buffy2: something simple like a ma cross - doesn't have to be complicated - a picture with #511 would work

www.ensignsoftware.com/help/transfer.htm

16:58 @Ensign_HA: this web page has the basics of the transfer, whether it be a study value or a study flag does not make any difference. - I can invent an example to add to #511

16:59 @Buffy2: thank you - that is the one they ask for clarification

Charts not updating with IB

16:54 Shar: Howard, have something I wanted to mention in case someone else has this problem. But last week my charts wouldn't update - I would have to refresh constantly. Then I noticed that my computer time was different from the IB TWS. (I've always had computer time problems). Anyway I changed my computer time to IB time and I think this solved the problem. Does this make sense?

16:54 @Ensign_HA: yes, shar, thanks for the tip and fix

16:54 Shar: yw

16:55 @Ensign_HA: was your computer clock ahead or behind, or on a totally different date - do you remember the time difference - possibly the program thought the market was currently closed for the time of the computer clock

6:55 Shar: Computer time behind. Up to 6 minutes. lol

16:55 @Ensign_HA: ok - thx

DYO - Ichimoku Chart (Equilibrium)

http://www.ensignsupport.com/email/521.mhtml

17:00 @Ensign_HA: the link just posted for #521 is one of the better DYO examples I have posted this week. Is there any interest in a further explanation of the formula implementation?

http://www.investopedia.com/articles/technical/04/072104.asp

17:00 @Buffy2: yes please - always learn something when you do that

17:01 @Ensign_HA: oK, will do some brief discussion of this

17:02 @Ensign_HA: the first formula is SL = (HHV( H,26) + LLV(L,26))/2 and plotted as thicker blue line. This is accomplished by lines A, B and C.

17:02 @Ensign_HA: Line A finds the Highest High Value (HHV) of the Highs for the last 26 bars, and stores the result in GV[1]

17:03 @Ensign_HA: Line B finds the Lowest Low Value (LLV) of the Lows for the last 26 bars, and stores the result in [2]. So our Max High[#] with #=26 is the same as the formula HHV(H,26)

17:04 @Ensign_HA: any questions about the steps taken on A and B to get HHV and LLV values?

17:04 @Ensign_HA: Line C is doing the sum of these two values and dividing by 2, using the AVE[#] function with #=2. The function works on GVs and we need to tell it the starting point if the GV array using the Read GV parameter, which is set to 1 - thus the Line C is ( [1] + [2] ) / 2

17:06 @Ensign_HA: this accomplishes the expression of summing and dividing by 2 (HHL + LLV )/2. This result is the SL value, and is plotted by Line C as a blue line and also saved in [3] for use in a later expression.

17:07 @Ensign_HA: Line D, E, and F implement the TL formula which is a carbon copy of SL, but using a 9 bar period instead of the 26 bar period.

17:07 @Ensign_HA: This TL line is plotted in Red by Line F.

17:08 @Ensign_HA: The DL line is a plot of the Close price from 25 bars back, and is implemented by our Line G reading the Bar closes with a Bar Offset of -25, and plotted in Violet and labeled with DL

17:09 @Ensign_HA: Span1 is an average of the SL and TL formulas, but offset by -25, ie shifted so the plot shown is from 25 bars back.

17:10 @Ensign_HA: Line H will compute the Average of the SL and TL values which we stored in [3] and [4]

17:10 @Ensign_HA: Then Line I is a bit clever in that it will read these values from Line H but offset by -25 using the Bar Offset parameter.

17:11 @Ensign_HA: Since we are reading the values of Line H directly, the average parameter has been set to a 1 for the #=1 field.

17:11 @Ensign_HA: any questions about that step?

17:11 @Buffy2: all set - always learn something

17:12 @Ensign_HA: Span 2 is implemented in the 2nd DYO because we have run out of room in the 1st DYO. Span2 is an average of the HHV and LLV using a 52 bar period, and again plotted offset by -25

17:13 @Ensign_HA: so in the 2nd DYO, we do the same thing to find a HHV for a 52 period on LIne A, and a LLV for a 52 period on Line B. Values are stored in [1] and [2] and averaged by Line C.

17:13 @Ensign_HA: and the result from Line C is plotted offset using the same trick on Line D of plotting a 1 period average of the Line C values, but offset -25

17:14 @Ensign_HA: Our 13 lines to implement and plot the formulas is pretty equivalent efficiency as the original, IMO.

17:15 @Ensign_HA: Now, just what all these lines mean and how they are to be used is a question I cannot answer. I just whipped out the DYO example to implement the formulas for the user that requested help in getting them implemented.

17:16 @Ensign_HA: thx for the link buffy, and looks like we could improve our DYO example to shade the color between two of the lines which is the Span A and Span B. That would not be hard to do using our bow-tie marker

Con't

17:17 TJ: Howard, if you are finished with the DYO, you didn't mention how to keep the peaks and valleys of the Upper and Lower BB band line peaks and valleys of sub-window1 in view. Is there a way to do that without changing my parameters?

17:18 @Ensign_HA: TJ, I did not realize the lines were BB lines. Since the BB study plots on the scale of the host, you need to change the host.

17:19 @Ensign_HA: since the MOM is self scaling you will have a challenge there. The workaround that comes to mind is to use a DYO to plot the BB lines because the DYO offers you the ability to plot on a different scale

17:19 TJ: yep was thinking that too

17:20 @Ensign_HA: let me take 1 moment and see if I can whip up an example of the problem and the solution

17:22 @Ensign_HA: in the sub window, the MOM line is plotted in RED and its average in BLUE and the Bollinger Band on the MOM is plotted in Green and illustrates the issue of going off screen. This will be the foundation I am working from for the illustration of the solution.

7:22 @Ensign_HA: I assume you are not interested in particular values, because you have MOM hidden in your example.

17:23 TJ: Correct, and ty Howard, as someone once said "you da man"

17:23 @Ensign_HA: So I will hide my MOM lines, and hide BB lines too, and replot BB using a DYO to rescale them.

17:25 @Ensign_HA: here is intermediate step to show I have overdrawn the green BB lines with blue lines from the DYO so we can readily see we have the right thing in the right sub-window. Now let me show how to rescale the BB to be independent of the sub-window

17:27 @Ensign_HA: in this example I changed the Study Scale to use the Data Set, ie Lines A and Line B values because they are being plotted instead of the sub-window scale. Now you can see the original BB lines in green and the rescaled DYO lines in Blue. They are no longer on top of each other

7:28 TJ: yes, got it

17:28 @Ensign_HA: the MOM is still on its own scale, and it is the BB lines in the DYO that have been rescaled so they do not go off screen. BE CAREFUL not to compare the MOM position to the BB (DYO) position because they are on two different scale systems. What looks like a crossing signal or relationship now can change on your chart.

17:29 @Ensign_HA: it is like drawing each study MOM and DYO on two different sheets of clear plastic and these two sheets can shift independently of each other. Thus what you see now can look different later on because of the independent scales involved.

17:30 TJ: excellent, yes I understand that and now you have given me some other ideas to use this principal on... again many tks

17:30 @Ensign_HA: however, the exercise we have gone through does illustrate how the DYO can be used to introduce a different scale range

17:31 @Ensign_HA: welcome, it was a good example/exercise to demonstrate

17:31 TJ: : )

:31 @Buffy2: yes it was thanks tj and Howard

17:32 @Ensign_HA: ok, you all have a good week trading.

17:32 @Ensign_HA: I will leave now to help Kimball with publishing the 100 page training manuals we have prepared for our Seminar.

17:32 TJ: Buffy, Howard makes me sad ... he's just too good at this : )

17:33 @Ensign_HA: sorry TJ, I make my fair share of mistakes too and in my case, everyone lets me know when I do....lol

17:33 TJ: lol

17:33 @Buffy2: bet it is a great manual - thanks for your time Howard

17:33 @Ensign_HA: yes, especially the 30+ page section for Larry's materials. I really look forward to his presentation. We are at some significant turning points in the markets, such as his call for a top in the crude oil in spite of it being contrary to convention wisdom on the street

7:37 @Ensign_HA: thanks for attending class, bye

17:38 virt: safe trip

17:38 Shar: bye, thanks Howard.