(EFS) Draw Horizontal Line With Label

1. March 2010

eSignal Study:   Often it is useful to draw horizontal lines as a reminder of support or resistance levels. Over time, these lines become mystery lines if you can't remember why you put them there.  Unfortunately, eSignal doesn't have a good way to actually label these lines to tell you what they are. This script allows you to add a horizontal line and actually give it a meaningful label (as illustrated in the image).

The line style, color, and label are customizable!

IMPORTANT: This script requires the neoLibrary.efsLib.  You can download it here (free).

Source code for this script is provided.

 


  

 

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(EFSLIB) neoLibrary

1. March 2010

eSignal Library File: Many of the indicators used on this site require the neoLibrary.efsLib file.  

Please download and place the file in the C:\Program Files\eSignal\FunctionLibrary directory ("(x86)" if a 64-bit OS).

All studies on this site use the same library file, so you only have to do this once!


  

 

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(EFS) 3/10 Skim Alert

1. March 2010

eSignal Study:  This script is intended to be used with the Oscillator Study in 3/10 mode. The idea is sometimes a 3/10 cross will happen and then pullback during the same bar. This script will alert of that "skim".

IMPORTANT: This script requires the neoLibrary.efsLib.  You can download it here (free).

IMPORTANT: This script requires the Sound Pack.  You can download it here.

Source code for this script is provided.

 


  

 

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(EFS) Indicator Summary

1. March 2010

eSignal Study: This script is intended for use on daily charts to give a quick bias summary of the CCI, RSI, Directional Movement, and Stochastic.  Red for bearish and green for bullish.  If background is red and the text is green, then it means it is bearish but turning bullish.

IMPORTANT: This script requires the neoLibrary.efsLib.  You can download it here (free).

Sorry, source code for this script is NOT provided.


  

 

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(EFS) Volume Spike

1. March 2010

eSignal Study:  This script is intended to be used on the 6E 1-minute chart to indicate if there is a volume spike.  The idea is that when there is a large candle with high volume, this could indicate exhaustion and a possible reversal. You can adjust the threshold to filter out smaller volume spikes.

IMPORTANT: This script requires the neoLibrary.efsLib.  You can download it here (free).

IMPORTANT: This script requires the Sound Pack.  You can download it here.

 


  

 

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(EFS) Draw Big Numbers

1. March 2010

eSignal Study: For certain currencies, the "big numbers" (whole numbers) are respected levels of support and resistance. This script simply draws them on the chart.

Line style, line color, and font size are all customizable!

IMPORTANT: This script requires the neoLibrary.efsLib.  You can download it here (free).

Source code for this script is provided.


  

 

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(EFS) MA Values

1. March 2010

eSignal Study: Display a particular moving average's value for multiple time frames (regardless of the current chart's time frame).  If current price is above the MA, the box is green.  If current price is below the MA, the box is red.  If price is near the MA, then box is yellow.

Time frames, MA settings, and positioning are all customizable!

IMPORTANT: This script requires the neoLibrary.efsLib.  You can download it here (free).

Sorry, source code for this script is NOT provided.


  

 

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(WAV) Sound File Pack

1. March 2010

eSignal Sound Files: Many of the indicators used on this site use custom sound files (WAVs) to give alerts.

Please download and unzip the file in the C:\Program Files\eSignal\Sounds directory.


  

 

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(XLS) Trading Journal Spreadsheet Template

16. July 2009

Excel Spreadsheet:  This is an example trading journal spreadsheet (with an example entry) that I personally use. Feel free to modify it all you want and share it with whomever. 

  • The gray columns are automatically generated from the other data entered (day of week from the date and the risk from the entry and stop). 

  • "Pot Result" is the potential result if you want to record how the trade would've gone if you stuck to your rules or was a bit more patient and let it hit your targets. It is good to have these numbers to illustrate how patience can serve you well long-term... or not.

  • "Notes" is the free-form area to say whatever you were seeing that the time such as "risky trade", "exited too soon because of blah", "choppy with low volume, so I tightened my stops", etc. In other words, whatever the numbers don't tell you by themselves if you were to review the trade at a later date. 

 


  

 

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(EFS) New High/Low $TICK

11. June 2009

eSignal Study: Sets up the $TICK chart with common levels (+/- 800, 1000, 1200), MA, and high/low of the day.

IMPORTANT: This script requires the neoLibrary.efsLib.  You can download it here (free).

IMPORTANT: This script requires the Sound Pack.  You can download it here.

Source code for this script is provided.


  

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(EFS) Market Internals - NASDAQ

4. June 2009

eSignal Study: Displays the market breadth for the NASDAQ on the bottom of the chart (as shown in the screen shot).  Horizontal position can be adjusted.

Be sure to check out the NYSE study as well as noted in the sample illustration.

IMPORTANT: This script requires the neoLibrary.efsLib.  You can download it here (free).

Source code for this script is provided.


  

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(EFS) Market Internals - NYSE

4. June 2009

eSignal Study: Displays the market breadth for the NYSE on the bottom of the chart (as shown in the screen shot).  Horizontal position can be adjusted.

Be sure to check out the NASDAQ study as well as noted in the sample illustration.

IMPORTANT: This script requires the neoLibrary.efsLib.  You can download it here (free).

Source code for this script is provided.


  

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(XLS) Market Internals Spreadsheet (thinkorswim)

4. June 2009

Excel Spreadsheet:  This is not an EFS study, but useful none-the-less.  For those who use thinkorswim (even the free "paperMoney" version), this spreadsheet will give you the general market internals shown in the screenshot.  

I was not the creator of this spreadsheet, so I do not know what is involved to get it to work with other datafeeds.  I will gladly give credit to the creator once known.  As such, I cannot guarantee the accuracy of the information.  Use at your own risk.


  

 

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(EFS) Color-Code Time Segments

15. April 2009

eSignal Study: Automatically color codes the background to indicate "chop time" (also known as the "mid-day doldrums") or "overnight" data. This acts as a warning that "chop time" has begun and to trade at your own risk.  This is the time of day when traders see their account "chopped up"!  Default times are for CST (typical times are 11:30 - 14:30 EST).  Be sure to set the correct times for your timezone.

This ~3 hour period in the middle of the day is when traders in the the various timezones go to lunch.  Thus, the market becomes less predictable.  Also, the London stock market closes at 12:00 EST, which is another group of traders removed from the market action.

When highlighting overnight data, this lets you visually see when the overnight data begins/ends and the PIT (regular trading hours) begin/end.  Default times are for CST (typical times  are 16:30-9:30 EST).  Be sure to set the correct times for your timezone.

Note: Only background color appears.  Arrows and text in the sample image are for illustration purposes only and aren't drawn by the script.   

Colors and times are all customizable!

IMPORTANT: This script requires the neoLibrary.efsLib.  You can download it here (free).

Source code for this script is provided.


  

 

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(EFS) Thirty Minute Rule (TMR)

15. April 2009

eSignal Study: Based on the ideas from this article.

Basic Idea:  After the first 30 minutes of trade:

  • If a new low is made, assume the market will close lower than that first 30-minutes low.
  • If a new high is made, assume the market will close higher than that first 30-minutes high.
 
Small message on the bottom left of chart will identify result.

Source code for this script is provided.


  

 

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(EFS) Pivot Trend Lines (AGET Required)

13. April 2009

eSignal Study: Automatically draws lines from the last two pivot points (high and low) to give the most recent trend lines. Optionally, horizontal lines can be drawn from the most recent primary and major pivot points (recommended). These lines act as reminders of the latest price support and resistance levels without having to draw them manually. They change as price action changes.
 
Line color, line thickness, and display of primary/major pivot extensions are all customizable!

Source code for this script is provided.

Important: eSignal's Advanced GET is required for this study and it will not work without it! 


  

 

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(EFS) Daily Pivot Levels

13. April 2009

eSignal Study: Pivot levels act as powerful levels of support and resistance. These levels are where market price will potentially rotate back to where market price came from or will continue and make a significant move away from the pivot level. There are multiple ways of calculating these pivot levels: Classic, Floor, Woodie, DeMark, and Camarilla. This study supports all five pivot level types!
 
The "Floor" pivot type is most common for forex markets, but works very well on commodities as well. "Woodie" is similar to "Floor", but more weight is given to the close. "DeMark" levels give a prediction for the high and low for the given period.
 
The type of pivot levels, line style, line thickness, line colors, and the existance of labels are all customizable!

IMPORTANT: This script requires the neoLibrary.efsLib.  You can download it here (free).

Source code for this script is provided.


  

 

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(EFS) Oscillator

13. April 2009

eSignal Study: Mirrors the functionality of Advanced GET's Oscillator (Osc) with added customization. Supports normal, extension, alternate, and custom modes. The oscillator can be color-coded for "above zero" (green) and "below zero" (red) or give an indication of "momentum" by using bright colors as increased growth of the bar. Note: Advanced GET is NOT required for this study.  

Osc type, custom moving averages, color-coding style, line color, zero line, and osc outline are all customizable! 

This study can be used as the popular "3/10 Osc" by manually using the settings shown in this image. Or you can automatically use the recommended settings by setting the "Osc Type" to "Alternate 3".

IMPORTANT: This script requires the neoLibrary.efsLib.  You can download it here (free).

IMPORTANT: This script requires the Sound Pack.  You can download it here.

Sorry, source code for this script is NOT provided.


  

 

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(EFS) Price Change

13. April 2009
eSignal Study: Extremely useful! Quickly view the change in price (cursor window) when highlighting a bar. For futures contracts (6E, ES, NQ, and YM), it displays the number of points, ticks, and the dollar change value. Similarly for forex, it displays the number of pips changed and the price per pip. For all other securities, it displays the price and percentage changed for that bar. It is also color-coded green for an up bar and red for a down bar. This is a very useful script to quickly see the size of a bar's change. 

We can customize the script for a particular instrument if necessary. Please contact us for details! 

IMPORTANT: This script requires the neoLibrary.efsLib.  You can download it here (free).

Source code for this script is provided.

  

 

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(EFS) Previous HLC

13. April 2009

eSignal Study:  Draw lines for the previous day's High, Low, and Close. These price levels can act as support and resistance at an intraday level, so it is imperative that traders be aware of these levels. 

Line color, line style, and price label are all customizable! 

Source code for this script is provided. 


 

 

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(EFS) Bar Time Remaining

1. April 2009

eSignal Study: Display the amount of time remaining for the current bar. Also, the timer changes color when only 30 seconds are left in a bar to alert you of the arrival of a new bar. Optionally, you can have a sound play on each new bar.  Even supports tick charts!

The position of the timer, the colors, and the audio alert are all customizable! 


Source code for this script is provided. 


 

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Disclaimer

By downloading and using any of our studies, you agree to the following disclaimer:  
 
Past performance is not necessarily indicative of future results. The risk of loss in trading commodities can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition.  
 
In considering whether to trade or to authorize someone else to trade for you, you should be aware of the following:
  • If you purchase a commodity option, you may sustain a total loss of the premium and of all transaction costs.
  • If you purchase or sell a commodity future or sell a commodity option, you may sustain a total loss of the initial margin funds and any additional funds that you deposit with your broker to establish or maintain your position.
  • If the market moves against your position, you may be called upon by your broker to deposit a substantial amount of additional margin funds, on short notice, in order to maintain your position.
  • If you do not provide the requested funds within the prescribed time, your position may be liquidated at a loss, and you will be liable for any resulting deficit in your account.
  • Under certain market conditions, you may find it difficult or impossible to liquidate a position. This can occur, for example, when the market makes a "limit move".
  • The placement of contingent orders by you or your trading advisor, such as a "stop-loss" or "stop-limit" order, will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders.
  • The high degree of leverage that is often obtainable in commodity trading can work against you as well as for you. The use of leverage can lead to large losses as well as gains. This brief statement cannot disclose all the risks and other significant aspects of the commodity markets. Before you trade you should inquire about any rules relevant to your particular contemplated transactions and ask the firm with which you intend to trade for details about the types of redress available in both your local and other relevant jurisdictions.
 
 
neoTOOLBOX.com does not guarantee results, information, or EFS studies and scripts in any shape or form.