(EFS) Thirty Minute Rule (TMR)

15. April 2009
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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.



  
 

Study

(EFS) Pivot Trend Lines (AGET Required)

13. April 2009
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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! 


  
 

Study

(EFS) Daily Pivot Levels

13. April 2009
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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).


  
 

Study

(EFS) Oscillator

13. April 2009
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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.

 


  
 

Study

(EFS) Price Change

13. April 2009
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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).


  
 

Study

(EFS) Previous HLC

13. April 2009
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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! 


 

 

Study

(EFS) Bar Time Remaining

1. April 2009
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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. 


 

Study

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.