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LP Map, #1604 Percentage of Volume, Ensign Driving Orders, #1603 Dual Conditions DYO, Bid Ask volume, Study Alerts playing Wav, Price Alerts Log |
April 25 , 2007
16:34 Ensign Howard: Welcome to today's training class with Howard....
LP Map
16:35 Ensign Howard: For those interested in the Pesavento Map study, the following new post to the Q&A Knowledgebase has lots of information about the Map.
http://www.ensignsupport.com/email/1605.mhtml
16:38 Ensign Howard: At times there is comparison of the Map with Foresight A.I. product and some think they are the same. I know what both are, and they are different mathematics. Both are used as timing tools, but their calculation is totally different. Larry is a seminar trainer for Foresight A.I., and having his name on our Map study adds to the confusion causing some to think they are the same when they are not.
16:41 Ensign Howard: The Foresight A.I. product is a neural net calculation. The Pesavento Map calculation is our extraction of swing patterns, ratios, cycles, etc, from the chart's data set which is used as the resource for the characteristics of that symbol. Ensign does not use a neural net to create a Map forecast.
16:44 Ensign Howard: Our forecast can be created in a matter of seconds, whereas, the neural net run can take a couple minutes to crunch, depending on the number of inputs and output, number of internal nodes, and number of iterations in the net.
16:46 Ensign Howard: Users can post any Ensign chart dressed with any of our studies and tools in any of our chat rooms or on other web sites. I do not mind, and in fact, I appreciate the exposure that our charts get on the Internet.
16:47 Rice: In the original article on the subject, you make an oblique reference to Larry's use of planetary positions. Does any information of this type figure into the mix?
16:48 Ensign Howard: Planetary positions is not a part of the Pesavento Map calculation in Ensign.... we find all our rhythms in the data set itself. I know a lot about the Foresight A.I. product and do not feel I am at liberty to discuss its design. I just know that GFT would not give you any details about how the Foresight A.I product is designed.... that is their trade secret.
16:49 Rice: Always wondered about that, since you also wrote about moon phases. Does that colorbar make use of input from the Swiss ephemeris?
16:51 Ensign Howard: The colorbar or our cycles tool does not make use of the Swiss ephemeris, instead we have built in reference times for when the full moons have happened and use a fixed cycle to calculate other dates into the future or past. Every few years I update our anchor reference dates so that the display has fewer calculations to make to arrive at the full moon dates. So it is really a pretty simple calculation and not dependent on the ephemeris. The cycle width is 29.530589 days
DYO for Percentage of Volume #1604
16:54 Ensign Howard: Let me show a DYO example worked up today for a customer.
http://www.ensignsupport.com/email/1604.mhtml
16:55 Ensign Howard: His question was to color the marker blocks in different colors based on a percentage of volume.
16:56 Ensign Howard: If there is interest, we can spend a few minutes on this variable color concept, or we can move on. Let me know what you as a class want to do.
16:56 @Buffy2: I never see markers when up there so would move it down which is easy enough to do.
16:57 Ensign Howard: That would be a different selection in the Marker Location drop down list.
16:57 @Buffy2: When I read this how are you determining the 4 levels?
17:00 Ensign Howard: buffy, the 4 levels are the percentages tested against on Lines C-F and the values are in the Number field. Say the percentage is 0.65. This would make Line C be a True test and color the block light pink
17:01 Ensign Howard: Line D is also true and colors it salmon color.
17:01 Ensign Howard: Line E is also true and colors it red
17:01 Ensign Howard: Line F is not true and so the last image drawn was the Red color
17:02 Ensign Howard: Since I did not have access to the scale range used by the volume panel, I figured the Max of the last 50 volume bars was a pretty decent percentage reference. Thus it self adjusts for when the market is thinner during Globex, etc.
17:02 @Buffy2: Tks -- I like that
7:03 Ensign Howard: Another way to do the color would have been to use the paint can by initializing it with a color. Then on Lines C through F just change the color box and not have any marker selected. Then Add Line G with an Always True and put the one marker wanted and have this markers color be BLACK, which is the tag to use the paintcan color.
17:04 @Buffy2: Out of curiosity which is more memory/cpu friendly?
17:04 Ensign Howard: Doing the paint can would be more friendly because it would only draw a marker once. Where in the example shown, the marker for the 0,65 example was drawn 3 times.
17:05 @Buffy2: Would you mind posting it changed?
17:05 Ensign Howard: ok, 1 moment while I set up the example.
Ensign Driving Orders
17:06 bob: Howard can Ensign software be configured to drive orders to a broker ?
17:08 Ensign Howard: bob, we have avoided doing that as we want you to be involved in placing trades.
17:08 Ensign Howard: having said that, there is a web site where another user has interfaced Ensign with Interactive Brokers.
17:08 bob: ok thanks for your answer
17:14 Ensign Howard: bob, let me find the URL for the order execution interface... 1 moment
17:15 bob: thanks again for trouble
17:15 Ensign Howard: That is the link to Christian Czirnich's site showing his work on having Ensign execute trades on an IB account.
Cont.
17:09 Ensign Howard: buffy, here is your example.
17:09 @Buffy2: thank you so much -- great comparison
17:09 dblue3: neat
17:09 dblue3: now red when headed down and shades of green up ;))
17:09 Ensign Howard: and here is dblues variation using the color bar marker. You can get more clever to have dual colors, a set of green for a rising trend and darker for rising volume. And a set of red for a falling trend, with darker colors for rising volume.
17:11 Ensign Howard: I think the example is sufficient to work our a more complex example. At a minimum, put on a 2nd dyo with the 2nd set of color and on each add a test to abort the rest of the DYO if the trend is not the right trend.
#1603 Dual Stochastic Conditions for DYO
http://www.ensignsupport.com/email/1603.mhtml
17:17 Ensign Howard: This example shows a dual set of conditions, the users wanted to mark when the Stochastic %K line crossed the %D line and both were above 70 or below 30 when they crossed.
17:18 Ensign Howard: Lines A and B do the test for %D being above 70
17:18 Ensign Howard: Line C is the test for %K crossing Below %D... the notation on the selection of X< is to be read Cross Below. It is an automatic implied condition that %K had to be above 70 also in order to cross below the %D. So we only needed to test that %D was above the 70. Both flags are stored in adjacent global variables, in our example in [2] and [3]
17:20 Ensign Howard: Then Line D tests that both are True using the AND[#] selection and a setting of 2 for the set size in the number field on line D.
17:21 Ensign Howard: The start of the set of global variables to test is the Read GV selection of 2..... so the result is [2] AND [3]. When both are True the bar is marked with a red stripe. For real time use you probably would want to have Close Only option checked
17:22 Ensign Howard: You could add a Study Alert that references a particular line in the DYO, such as Line D being True to trigger the playing of a sound or posting of an alert message window on the chart.
17:24 Ensign Howard: ok, we will open the discussion up for general Q&A, and our format is for you to use CTRL+Q keys to post a question icon by your nickname. Then I will call on you for your question to be posted in the chat room to be answered.
Bid Ask Volume
17:26 shane: I have been trying to find best way to track bid ask volume, moving average and other s. What is the best way to track them graphically
17:27 Ensign Howard: We chart the trade ticks, and typically do nothing with the bid or ask prices, which move all over the place. One thing you can do is put a DYO on that plots a line at the current bid or ask. Would that be sufficient?
17:28 Ensign Howard: Do you want to also see the bid and ask prices by the current bar?
17:28 shane: sure
17:28 Ensign Howard: ok, we have bid/ask volume plotted in a couple formats.
17:28 Ensign Howard: The most common format is shown by pressing CTRL+V to toggle the Bid/Ask Volume into view. Let me post a link to an example.
http://www.ensignsoftware.com/help/features.htm#ask
17:29 Ensign Howard: Have you seen that type of a ask/bid volume panel before?
17:31 shane: yes I have. When I use bid ask as data point for stochs, it stops showing the bid ask graphicaly at extremes.
17:31 Ensign Howard: The stochastic on the data would be limited to stochastic values of 0 and 100. So the extreme might just be pegging the study at the top or bottom of the stochastic scale range. Nothing it wrong.... it is just the characteristic of stochastic
17:33 shane: moving averages will go out of visual range also -- looking for another alternative
17:33 Ensign Howard: shane, show me example. Possibly the issue is where you are putting the study. The study might be subject to the scale range of the sub-window set by the study that first used the sub-window. So can you show me what you are doing and where you are challenged, and I can advise what to do differently.
17:36 Ensign Howard: On the last link posted for the ask/bid volume, scroll down to additional examples, included how to show values by the cursor on the chart.
IB Refresh with DTN
17:37 bld: Dear Mr. Arrington - As you know, I think your Ensign is wonderful. A question that I have is that I follow mainly the $SPX- several different time frames. I have IB. I notice that often there will be missed data with IB, but if I go back and refresh for today only with DTN, then I will get clean data, then switch back to IB, but if I forget to do that then data is not too accurate. Question is am I going about the only way to correct data? Or is there easier way to make sure data correct as I move forward in time? Thanks.
17:38 Ensign Howard: bld, you are doing the process fine if you want DTN data on your chart instead of IB data. If this is an ongoing preference you should consider subscribing to IQFeed so you get their DTN data tick by tick instead of IBs data feed. You need IQFeed subscription to have live DTN feed.
17:39 bld: I just want the one most accurate and live. Thanks.
17:40 Ensign Howard: When you refresh a chart you are doing a data file download from the database and the data service we are buying from DTN for use with the IB feed is not a live feed, It is a database download access and the bars downloaded will be through a delay requirement. It is an event or a task you do. It is not a data feed. IB is your data feed for tick by tick updates
17:40 mikey: Howard, I also think it would be terrific if Ensign would automatically use DTN to refresh and then use IB data. This has been an inconvenience for me too.
17:42 Ensign Howard: Mikey, Ensign already does the Terrific thing you suggest/request
17:43 Ensign Howard: Go to the chart's property form by pressing CTRL+P keys and on the Data tab you can select your preference on who to refresh from. This is a private property for this chart. So other charts might have IB selected though you select DTN for the $SPX chart
Changing Color of 3D Candle
17:44 Bloo: How to change the outer and the inner color of 3D candles? Also, when Scale and Time is not displayed, the chart can't be minimized?
17:49 Ensign Howard: bloo, the candle body color is the Up and Down colors on the Bar Style section. The frame color is the Candle Frame selection. You get to the above form for a chart by pressing CTRL+P keys for properties.
17:50 Ensign Howard: if you want the 3-D shading which you often see in my examples you click menu Setup| Charts and check the 3-D shading option box. The properties on the Setup | Charts are global to all charts, so the mode is either enabled or disabled for the body 3-D effect.
17:52 Ensign Howard: bloo, I agree the chart cannot be minimized when the scale and time grid are hidden. Purpose of removing the scale and time was to permit very tiny charts and so the buttons for minimize were removed as well to give precious space to the chart title
17:54 Ensign Howard: You can STILL use the menu Window | Minimize chart to minimize it though the button does not show. So the minimize still works, just does not have a button on the caption to do it. Use the menu to minimize if you want to minimize such a chart
17:55 Bloo: okay
17:54 mikey: And what is the purpose of very tiny charts? To keep them open for alarms?
17:55 Ensign Howard: Tiny chart is to have lots showing with possibly just the last couple bars. You can have a chart with alerts minimized so it is still 'open' for doing calculation. Either way works.
Bid Ask Volume Cont.
17:57 shane: My ave 4 with Stoch and data point of bid or ask volume -- both the red and green go out of sight at the 100 and 0 of window -- so I am looking for an alternative to keep track of bid ask volume visually.
17:59 Ensign Howard: Both red and green are plotting positive values and on a new bar they start at zero. So rightfully so they zoom down toward the bottom of the sub-window panel when a new bar starts. It would help if you put the averages in their own sub-window instead of using the sub-window 8 where the bid and ask plot on a different scale and center their plots above and below. The below plot can be confusing because you think it went below zero. Not so... the value is still a positive value and just plotted up side down from a center line.
18:02 Ensign Howard: so my suggestion is to move the average to sub-window 7 and not plot the Ask/Bid volume sub at all
18:02 shane: Can you show example
18:05 Ensign Howard: ok, all is self contained and looks fine
18:05 shane: thanks, what is the setting?
18:06 Ensign Howard: I think same as you did, 4,4 averages and Data points being Bid Volume and Ask Volume
Study Alerts playing Wav Files
17:29 mikey: Howard, I am having some trouble getting study alerts to play WAV files, and am seeing these alerts show up in the price alerts window, even though these are not price alerts. I was wondering if you would mind discussing price alerts, study alerts, logs, how to turn them off, and so on.
18:07 Ensign Howard: Show me the study alert property form please
18:08 Ensign Howard: Problem is the path is limited in the number of characters it holds and your entry is chopped off.
http://www.dacharts.com/qtips-troub/wave-file-noplay.htm
18:09 Ensign Howard: You would not have had this problem is you had installed Ensign in the root Drive D instead of in Program Files and that added 14 more characters to the path length.
Price Alerts Log
18:09 mikey: Okay, also, how come these alerts are showing up in the Price Alerts. I don't want study alerts showing up in the Price alerts box. Aren't they two separate beasts?
18:13 mikey: There. I never set any price alerts, but they are being logged.
18:13 Ensign Howard: ok, this form has multiple uses. You have the bullet selected for showing the Symbol alerts. Price bullet show a different list and would be blank
18:13 mikey: I thought that box was to say to show a message in the chart window.
18:13 Ensign Howard: Study alert list shows a log from your Study Alerts. The show a message on the chart window is a check box option on the study alert form. That is independent of this log of all study alerts from all charts.
18:14 mikey: Exactly, that's what I thought. So how do I stop the popping up of the alerts box for study alerts? I don't mind if the study alerts are logged, but I don't want the Price Alerts box popping up whenever a study alert triggers.
18:17 Ensign Howard: Understood, and the check box to control the effect is the Show Log box on this form which your example shows is unchecked. Did you just uncheck it? Was it checked before? The intended behavior is to show this form with the log on the alert WHEN the Show Log box is checked
18:17 mikey: By form, you mean Price Alerts.
18:18 Ensign Howard: yes, on this price alerts form, your -25 post
18:18 mikey: So mine is unchecked. That means that it will pop up or not?
18:18 @Buffy2: if you don't want the 15-min sell message and just want the arrows then uncheck message show and auto remove in study alert
18:19 Ensign Howard: The Show Log box needs to be unchecked, and then this Price Alert form should not show when an alert happens on the chart you will still have the alert message at the top of the chart. If that is not wanted, then do as buffy said to uncheck the show message options on the Study alert property form
18:20 mikey: Okay, that answers the question. thanks.
18:21 DYoung: Howard, I have a ? When zone colors are put on a chart, the manual draw tools and circles do not retain the same color. I will post an example if you like?
18:21 Ensign Howard: if not, we will conclude class and thank you all for being here.
18:22 Ensign Howard: dyoung, the zone coloring used XOR of the colors being drawn with the colors already there and the xor is done so we can remove the effect by xor drawing the stripe again.
18:23 Ensign Howard: In your example it is the draw lines drawing on top of the zone coloring. The draw line is a single line drawn using XOR mode and using the chart background color as the color it thinks it is XORing with. When you XOR on light gray you get a different result then when you XOR on a darker gray, or on red or on green. No change is going to be made to the program. The alternative to using XOR drawing mode so we can erase the line is to erase the chart and repaint it all anytime you try to move a line and that would be painfully slow for drawing a line around or having the rubber band effect to track your cursor as you position end points
18:33 Ensign Howard: You all have a good week. Goodbye and good night
18:33 @Buffy2: u 2 Howard, night and thanks
18:33 mikey: you too, thanks.
18:33 shane: thanks Howard