eSignal Study: Sometimes other symbols may act as a leader for the specific symbol you have on the chart.  Thus, you find yourself often looking at the price of that other symbol.  This script outputs the price of that symbol on the chart for you for easy reference.  The color is red for down or green for up.

It allows two methods of watching the change of that symbol: the change from the previous close or the change from its open.

An example of only caring about the change from the open would be $VOLD ("NYSE $UVOL Minus $DVOL").  Each day, this specific symbol starts near zero, so its change from the previous day may not be as important.  However, where it goes after the open can be very important!

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

eSignal Study: eSignal provides a very useful tool in calculating Fibonacci "extensions" (sometimes known as "projections").  This practice involves taking a measurement of past price movement and "projecting" that price distance from a new high or low.  Certain fibonacci precentages of that movement can often prove to be support or resistance.  This script supports x.272, x.382, x.50, x.618, x.786, x.0, 4.236, 5.1, 6.85, 11.09, 17.94, 29.03.  All levels listed with an "x" means it will output multiples of that level, such as 0.272, 1.272, 2.272, 3.272, etc. set via the "max number of levels" parameter.

The problem with the built-in version of this tool is it is often difficult to be exact in the selection of the high or low of a bar.  If you are basing decisions, trades, and MONEY on a given level, you want it to be as exact as possible.  Also, if you want to change the level you are measuring, often it is time consuming to redraw these levels.  Finally, the built-in version of this tool only allows a fixed amount of levels to output.  This script attempts to solves all these problems!

INSTRUCTIONS: When you use eSignal's "fib ext" tool, there are three clicks involved: The high of a movement, the low of a movement, and where to extend the projection from.  

This tool acts very similarly.  On the bottom left of the chart are the controls. 

Step 1:  Initially, no points are set, so it says "NO" next to the 3 points.  To start, click the "Set 1" button to tell it you want to set the first point.  The label changes to "SEL" (short for "select") letting you know that it is ready for you to set the first point.  Merely double-click the high of the bar you which to select.  A small dash will be drawn on the selected high and the message will change to "CHK" (short for "check").  If you accidently double-click the wrong bar, merely repeat this step and select the correct bar.

Step 2: Next, similar to step 1, click "Set 2" and double-click the high of where you which to project from.  The script will automatically determine the lowest point of these two points and automatically set point 3!  A real time saver!  

Step 3: After step 2, verify that the automatically calculated third point is the one you wish to use (look for the blue dash on the low of the bar).  If this isn't the point you which to use, you can over-ride this level using the method outlined in the above steps.

In the example image (be sure to click "enlarge image" to see the full image) there are two charts.  For simplicity sake, only the 1.0 levels are shown.  The left chart is what the script outputs after you select the points.  The chart on the right gives a description of what it is outputting: the three points, the range from point 1 to point 3, then the projection of this length from point 2.  The level at "1.0" is 100% of this disance.  The level at "2.0" is 200% of the distance, etc.  As you can see, from the chart, major support was found at this area!

If you which to change any of these levels, merely reset that point.  Quick and easy! 

To clear the lines and reset the tool, just click the "Clear" button. 

This script will work on all time frames.  As with all our scripts, this script is highly customizable!

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

eSignal Study:  Based on the strategy by BruceM, described here and here.  The basic idea is, "When you have three, 5-minute bars in a row, with a matching low or high, that low or high will get traded back to on the same day."  This script helps identify when these situations occur.  When they are violated, the line is automatically removed, as it is no longer in play.  You may optionally disable this feature and all lines will remain.

In the example image, three (or more) 5-minute bars with the same low occur.  A line is automatically drawn alerting you of this situation.  On the next chart (be sure to click to enlarge the image), subsequent bars trade back down to that level (and lower).  Thus, the line is automatically removed. 

What this tells you is, when a "running triple" occurs (three lows), going LONG above this level is riskier until that level is re-touched or "filled". (The opposite would be true for thee highs.)  This is because, chances are, price should return to this level sometime within the same day.

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

eSignal Study:  When trading with tick charts or volume charts, sometimes it is useful to see how long each bar takes to draw and if that amount of time is increasing or decreasing.  Or, sometimes it is useful to see the average bar time to determine what tick/volume chart to use.  For example, if you want each bar to take around 3 minutes to draw and you see that the average bar time is about 10 seconds, you may want to try a larger tick/volume chart (or vice versa).

When a weekend passes or an overnight passes, sometimes the bar times can get very huge, which throw off the averages.  There is an optional/configurable filter setting in the study to handle this situation.

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

eSignal Study:  Outputs lines showing the high and low of the day, week, and month as these levels can often provide support or resistance (double top/bottom).  It is also useful when the high or low of the day is off the chart and you don't realize that you are making a new high or low.  If two of these levels overlap, it is smart enough to consolidate the label.

Be aware, for stocks and ETFs, this script does not include pre-market movement in determining the high and low.  This is due to how eSignal handles the high and low and not an explicit choice of the study's author.

As with all our tools, this one is highly customizable, from the colors, to turning labels on or off, to how the labels are displayed.

If you have any issues with the script reporting incorrect values, try pulling up a daily chart for the instrument you are having issues with.  This makes sure eSignal has the necessary data loaded.  Afterwards, you can return to the time frame you were originally using.  Unfortunately, this script relies on eSignal telling it the correct information, so the only solution is to make sure eSignal loads the data properly as described.

IMPORTANT:  This script reports back what eSignal shows as the range of the current day.  If the script is showing obviously incorrect levels, open the current symbol in a daily chart to make sure that eSignal loads all the necessary data.  When you return to your previous intra-day interval, it should show the correct values.

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

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 (as shown in the example image) and color codes it to show if it is above or below the customizable threshold.

Optionally, the script can color-code the bars as to the state of the ADX.  If above the threshold level, then green, if below, then red. In the example image, the threshold is set to "20" (configurable), so if the ADX is below 20, then it colors the bars red, otherwise green.

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 or close is approaching (for example, the 9:30 EST open and 4:00pm EST close). It is customizable to give alerts at 45min, 30 min, 15 min, 10 min, 5 min, 1 min and the open itself.

Alerts appear in the "Triggered Alert List" as well as audible.

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 Library File: All of the indicators on this site require the neoLibrary.efsLib file.  

   eSignal v10 (32-bit): \Program Files\eSignal\FunctionLibrary

   eSignal v10 (64-bit): \Program Files (x86)\eSignal\FunctionLibrary

   eSignal v11:

      \Users\USERNAME\My Documents\Interactive Data\FunctionLibrary

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

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 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 (32-bit):  \Program Files\eSignal\Sounds

   eSignal v10 (64-bit):  \Program Files (x86)\eSignal\Sounds

   eSignal v11: \Users\USERNAME\My Documents\Interactive Data\Sounds

Updated 2011.10.20                      

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, comment on whatever the numbers don't tell you by themselves, if you were to review the trade at a later date. 

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: This strategy looks at the range of the first 30 minutes after open and indicates a break of this range.

In the example image, two black lines are drawn showing the first 30 minute's range. You can see that once the lower part of this range was broken (indicated by the blue arrow), a significantly more to the downside.  Thus, the TMR gauge is red and says "short".  Note, the script itself does not draw these lines nor the arrow, but merely the "gauge" on the bottom left of the chart.

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: 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.

If you are interested is seeing "tomorrow's pivots" (calculated using the current day's HLC), weekly pivots, monthly pivots, as well as more powerful features, be sure to check out Pivot Level PRO.

For additional guidance for using pivot points, please read this informative article. 

The type of pivot levels, line style, line thickness, line colors, and the existance of labels are all customizable!

To add even more powerful options, such as tomorrow's pivot points, weekly pivot points, monthly pivot points, and more, check out Pivot Levels PRO!

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

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).

eSignal Study:  Draw lines for the previous day's Open, 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.   It also has the option to output a label where the OHLC are of 2 days ago.

Line colors, line styles, and price labels are all customizable! 

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

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!