neoTOOLBOX.com

eSignal Study:  Automatically draw fib levels of both long and short bias.  The script will display "up" or "down" to give an indication of which direction the levels are drawn from.  If the 0.618 level is broken, it will look to the next larger pullback to determine the fib levels.  

Light gray levels will display the next 50% levels calculated using even larger pullbacks.  In other words, if the currently displayed 0.618 level is broken, one of these gray levels will most likely be the next 50% level drawn.  If a gray line is larger or bold looking, it means it was drawn from a primary pivot.  Thus, it may give a stronger support/resistance.

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

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

eSignal Study:  Automatically draw user defined fib levels.  The script will display "up" or "down" to give an indication of which direction the levels are drawn from.  It bases this on the last pivot type.

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

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

eSignal Study:  This is an advanced study that takes some playing with to understand and use.  Based on the work by W.D. Gann, certain levels can be calculated given a certain market extreme price (such as a high or a low).  Gann calls these calculated levels "degrees".  These degrees can give a idea of support and resistance levels based on that one price number.

Depending on how an instrument is priced, the "factor" needs to be tweaked to give accurate levels.  For example, intraday 6E may work best with a factor of 5.  Whereas, the ES daily may work best with a factor of 0 or -1.

This tool is highly customizable!  To use this script, double-click the low or the high of a bar to calculate the support or resistance levels.

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

eSignal Study:  When trading with the trend, often it is useful to look at previous pullbacks in determining the size of the next pullback.  This is called "symmetry".  This script does some of the measuring dirty work for you.

To use this tool, use the "BIAS" button to switch between long or short bias, then select the pivot type to use ("PIV").  In other words, if the pivot is set to "P", it will look at the last primary pivot and see how large that pullback was.  It is recommended that you turn on all AGET pivots to help determine which pivot to use.  Based on the size of that previous pullback, little dashes will be displayed to show where a 1:1 pullback would be, or a 1:0.618 pullback, etc.  Playing with eSignal's "Fib Ext" tool you can quickly see what this script is displaying, except you won't have to draw it yourself each time.

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

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

eSignal Study:  Calculate the closest MA to the high or low of given bar.  To use, double-click the top of the bar to find MA based on the HIGH of that bar.  Or, double-click the bottom of the bar to find the MA based on the LOW of that bar.  You may quickly change the type of the MA used (sma, ema, wma, or vwma) by using the buttons outputted to the chart.

If an MA is not found, a "NA" will be displayed. 

Note: This script will not work properly with other scripts that utilize this "double-click" functionality.

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

eSignal Study:  Output the US News events for the day to the formula output window.  Make sure this window is open by going to Tools > EFS > Formula Output Window.  Also, gives alerts when a news event is approaching.

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 (free).

eSignal Study:  Give the bias/trend based on the crossing of 2 given MA's from multiple time frames on a single chart.

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

eSignal Study:  Give the MACD bias/trend from multiple time frames on a single chart.

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

eSignal Study:  Give the bias/trend based on if price is above or below a given MA. Displays the bias from multiple time frames on a single chart.

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

eSignal Study:  Based on the gap zones indicated by page 16 of this document, certain daily situations tend to increase the chances of a gap fill on the S&P.  This script outputs the historical percentage of a successful gap fill.

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

Many of our scripts are available free of charge to use and distribute!  Some of our most powerful tools are packaged into what we call the "neoTOOLBOX".  

Access to ALL these studies, scripts, and indicators are available by a monthly subscription.  This subscription will include access to all new future scripts and to all script updates!

For a limited time, we are giving away these scripts!  All of the studies and indicators on this site are in the ZIP file you can download to the right.  To enable access to the subscription only studies, please contact us with your eSignal username, so we may enable access to the scripts.  We do NOT need your password.  NEVER give your password to anyone!

eSignal Study:  The ADX indicator measures the strength of a trend and can be useful to determine if a trend is strong or weak. High readings indicate a strong trend and low readings indicate a weak trend.

Often we don't care the history of the ADX, but merely the current value and if it is above a certain threshold. This indicator displays the ADX value on the chart and color codes it to show if it is above or below the customizable threshold.

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

eSignal Study:  This script gives an alert as the US market open is approaching. It is customizable to give alerts at 30 min, 15 min, 10 min, 5 min, 1 min and the open itself.

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 (free).

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).

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!

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.

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).

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 (free).

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).

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.  In the example image, it is set to display the 21 ema values from the 1, 5, 15, and 30 minute charts.

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

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

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 into the following directory:

eSignal v10:  C:\Program Files\eSignal\Sounds

eSignal v11: C:\Users\<user>\AppData\Roaming\Interactive Data\eSignal\Sounds 

Updated 2010.04.23 

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. 
  
  

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).

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).

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).

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.

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).

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.

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!

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

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).