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Add-On Studies and Analysis

In addition to add-on services such as news and commentary, Market Depth and scanners, eSignal offers technical indicators and formula studies, both free and add-on. Developed by eSignal and its partners, these indicators and studies strengthen your decision support capabilities and, thus, increase your profits.

eSignal's built-in formula script (EFS) capabilities allow you to add popular studies to your charts, download and modify -- or even create your own technical analysis studies within eSignal. Our partners make it easy for you to:

  • Purchase premium add-on studies -- pre-built studies from well-known market experts
  • Download free add-on studies -- available in the eSignal EFS Library and Forums
  • Develop your own studies or convert existing studies -- we've partnered with programmers (Formula Studies Support Services) who will do this for you, or you can use our built-in Formula Wizard.


bullet Bollinger Band Tool Kit bullet Joe Krutsinger's Trading System
bullet Chris Kryza's cyclePack bullet John Ehlers' MESA Indicators
bullet Day Trading Action Study bullet Kase StatWare
bullet eMESA Trading System bullet PowerTools Trading System
bullet The eMini-Master POLR Raghee Horner's EZ2Trade Software
bullet Hamzei Analytics bullet The Triades
bullet Jan Arps' Traders' Toolbox Crown Jewels, (now with Triple Trender) bullet WaveTracker and WaveTracker Pro

The Bollinger Band Tool Kit

The Bollinger Band Tool Kit for eSignal is a tool kit for investors and traders wishing to unleash the power of Bollinger Bands. It includes 31 indicators and systems covering the major aspects of Bollinger Bands and volume indicators and a chart layout.

The potential of the tools in this kit is practically unlimited. What you do with them is entirely up to you. These tools have been designed to offer the maximum flexibility and, therefore, the greatest potential. Some of the tools are free standing and can be used on their own while others are of greater worth when combined with other tool kit elements or other analytical tools.

The Bollinger Band Tool Kit includes the following:

Accumulation-Distribution - Open Form Normalized Volume
Accumulation-Distribution - %oscillator Normalized RSI
AutoWidth BandWidth (NEW!) On Balance Volume - Open Form
AutoWidth Bollinger Bands On Balance Volume - %oscillator
AutoWidth %b (NEW!) %b
BandWidth (Newly Enhanced!) Positive Volume Index
Bollinger Bands Reversal System
Confirmed Band Breakout RSoverlay (NEW!)
Four normalized momentum indicators The Squeeze
Four normalized trend indicators Trend Following System
Four normalized Volume Indicators Volume Oscillator
Intraday Intensity - Open Form Volume-Price Trend - Open Form
Intraday Intensity - %oscillator Volume-Price Trend - Closed Form
Money Flow Index Volume-Weighted MACD
Negative Volume Index    

For more detailed information, read an article on Bollinger Bands.

The Bollinger Band Tool Kit is $ per month.

If you are not already an eSignal subscriber, sign up for eSignal first.

If you are already an eSignal subscriber, add the Bollinger Band Tool Kit to your eSignal account.


Chris Kryza's cyclePack

This unique collection of cycle analysis tools and indicators is brought to you by Divergence Software, Inc. cyclePack uses state-of-the-art digital signal processing (DSP) techniques to extract the cycles that exist in your financial data and gauge their significance. This information is then used to make projections as to how the security you are currently charting is likely to behave in the future.

Cycles are present in all time series and in all time frames. Whether you know it or not, you make decisions based on cycles every trading day. Each time you add an indicator to your chart and set the length of that indicator, you are making a decision based on cycles. Each time you make a determination that a particular security will either start turning up in price or begin heading down, you are making a decision based (at least in part) on cycles. Cycles are everywhere in our price data.

Cycle analysis is the process of cleaning and filtering a time series (in our case, a series of security price data) and applying spectrum analysis techniques to extract the cyclical content. Once the cyclical components have been revealed, we can examine them and isolate the strongest and / or “best-behaved” cycles. With that information in hand, we can then make educated projections in terms of how the security being analyzed will behave in the future. Cycle analysis can be a powerful tool when used in conjunction with existing technical analysis indicators and methods.

cyclePack consists of four indicators that perform slightly different tasks:

  • cycleAnalyzer -- The cornerstone of the cyclePack collection, it displays the individual cycles extracted from your price data in a graphical format.
  • cycleProjector -- The cycleProjector takes the individual cycles and combines them into a synthetic time series and projects this time series into the future. It is useful for highlighting significant near-term turning points and can also provide a good estimate of overall direction.
  • cycleProjectorXT -- This indicator is identical in function to the cycleProjector, except that it uses a more detailed approach to extract the cycles and create the synthetic time series.
  • cycleMABands -- This indicator uses Linear Prediction algorithms to assist in the creation of Hurst-type price channels.

For more detailed information, read an article on cyclePack or access how-to-use documentaion on cyclePack.

cyclePack is priced at $ per month.

If you are not already an eSignal subscriber, sign up for eSignal first.

If you are already an eSignal subscriber, add the cyclePack to your eSignal account.


Day Trading Action Study

The Day Trading Action Study, also known as the "High Five," consists of the following indicators:

  • The NASDAQ Composite Index (the "NAZ")
  • The TRIN
  • The VIX
  • The TICK index
  • MER (Merrill Lynch Stock)

Together, these five indicators can paint a clear picture of the market's mood and direction for that session. When they all point in the same direction, you are ill-advised to ignore them, and, when they give a mixed picture, you can often save time and money by staying flat.

The Day Trading Action Study is now available as an add-on service to your eSignal subscription for only $ a month.

If you are not already an eSignal subscriber, sign up for eSignal first.

If you are already an eSignal subscriber, add the Day Trading Action Study to your eSignal account.

Access how-to-use information on the Day Trading Action Study.


eMESA Trading System

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eMESA is an easy-to-trade mechanical system specifically designed to trade the S&P E-Mini contract. It is very robust, with back testing history from 1996. In the last year, it has returned more than 150 percent profit on a $10,000 account. eMESA uses the opening range breakout method first popularized by Tony Crabel in 1990, enhanced with dynamic adjustments using volatility and trend parametrics. You get a reversal signal for the next day’s trading, so you are always in the market both long and short. Trade duration is 2.5 days on the average. Because the signal generation is generic, eMESA can successfully trade a wide range of market indices and exchange traded funds (ETFs), such as the DOW, Russell, SPY, DIA and QQQ.

eMESA is available as an add-on service to your eSignal subscription for only $ a month.

If you are not already an eSignal subscriber, sign up for eSignal first.

If you are already an eSignal subscriber, add the eMesa Trading System to your eSignal account.

Access how-to-use information on eMESA and other documentation on eMESA and the MESA Indicators, as well as an introduction to the Mesa Indicators and information on understanding market cycles.


The eMini-Master POLR

The eMini-Master™ POLR© series developed by Jim Harrison is a unique and powerful set of tools with a visual approach to finding the “POLR©”, or “Path of Least Resistance©.” Most of these tools are universal in their application, and traders can use them on their favorite symbols, including the CME e-Mini Futures, Forex currency pairs, bonds, commodities and individual equities.

Also included are our Critical Time Zones module and 2 Program Trading Modules designed exclusively for the CME e-Mini Futures. These powerful indicators alert astute traders to those times of day when we expect “action,” along with those times when institutional program trading is most likely and gives both a visual and audio alert.

A cost less than 2 eMini-S&P points per month, extensive toll free support, unlimited access to training videos and live training events make this add-on package a true no-brainer. It is like having an experienced trading assistant right there with you all day, everyday.

The eMini-Master POLR series includes:

POLR_1 POLR_Combo
POLR_2 PRO Critical Time Zones
POLR_3 PRO S&P 500 Program Trades Level 1
POLR_4 PRO S&P 500 Program Trades Level 2

The eMini-Master POLR tools are available as an add-on service to your eSignal subscription for only $ a month.

If you are not already an eSignal subscriber, sign up for eSignal first.

If you are already an eSignal subscriber, add the eMini-Master POLR tools to your eSignal account.

Access the user's guide for the eMini-Master POLR tools and other documentation on the eMini-Master POLR tools.


Hamzei Analytics

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Hamzei Analytics, LLC has expanded its Partners Program with eSignal to include eight of its coveted indicators, CI, DCI, CI Diff, DV and IVBO, and the "HotSpots" in the EFS 2.0 format. Using these indicators will enable you to see why Hamzei Analytics (www.HamzeiAnalytics.com) is the first choice of professional traders and hedge fund / institutional money managers.

The Central Intelligence (CI) study is ideally suited for trend- and momentum-based trading. It's configured to respond properly for intraday trend detection during the opening hours of the trading day. This is the ideal momentum indicator for day trading high-beta stocks, sector ETFs or futures on a gap-up or gap-down day.

The Dual CI (DCI) study can be used to look for non-conforming bullish and bearish divergences. Because the inputs of the DCI indicator are user-definable, the user can manipulate and / or optimize it for different markets and / or different bar intervals. A divergence occurs when a price revisits a recent channel breakout high or breakdown low while the accompanying indicator fails to do so. Market technicians call it a non-confirmation. Divergence typically provides entry points with an acceptable risk-to-reward ratio.

The Central Intelligence Difference (CI Diff) study is an anticipatory derivative indicator of the CI Indicator. For high leverage trades, the CI Diff Indicator acts as an early warning for upcoming trends in the CI Indicator.

The Directional Volatility (DV) study is an indicator that helps you avoid being in the markets during Small Range days and, rather, focus on taking a 70% chunk out of a directional move during the Big Range days.

The Intraday Volume Break Out (IVBO) study helps you identify upcoming moves during seemingly sleepy hours of the markets, hours often used by smart money / hedge funds to mask their true trading intent (i.e., accumulation / distribution).

"HotSpots", a Special Application of the Daily, Weekly and Monthly Support, Pivot and Resistance Indicator (SPRD, SPRW and SPRM). Support, Pivot and Resistance Indicators are previous-bar-volatility-based indicators used for years by floor traders (daily bars) and professional traders (weekly and monthly bars).Often, you will see high volumes when the asset approaches these price levels. Hamzei Analytics uses these price objectives as stop management and profit target levels instead of using the traditional fixed price money management habits of the past. The beauty of the code presented here is that it has intelligence to correctly detect the trading calendar and adjusts accordingly for the following period.

These tools are available for one low monthly add-on fee of $. Receive the first 30 days free when you add the service to your subscription.

If you are not already an eSignal subscriber, sign up for eSignal first.

If you are already an eSignal subscriber, add Hamzei Analytics your eSignal account.

Access how-to-use information for the CI and DCI.

Access how-to-use information for the CI Diff and DV.

Access how-to-use information for the IVBO.

Access how-to-use information for the Support, Pivot and Resistance Indicator (SPRD, SPRW, SPRM).

Access other Hamzei Analytics documentation.


Jan Arps' Traders' Toolbox Crown Jewels

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Jan Arps' Traders' Toolbox is part of a library of more than 400 indicators and systems to help the trader and investor better understand and anticipate the ebbs and flows of market price action. These Crown Jewels of the library are designed to help the user generate profitable trades by identifying optimum times and price levels to enter at the beginning of a new swing and exit at or near the end of that swing.

The Arps Crown Jewels available to add onto the eSignal advanced charting platform are listed below:

Arps Fear/Greed Index (Radar1) Arps Price Magnets Support/Resistance Levels
Arps Price Leader Acceleration Oscillator (Radar2) Arps AutoDiv Universal Divergence Tool
Arps Trend Index (Radar3) Arps SuperPaint Permission Screen
Arps Trender Arps Pivot Points Monthly
Arps Trender Pullback Tool Arps Pivot Points Weekly
Arps Pro-Mom Trend Bars Arps Pivot Points Daily
Arps RangeFinder Arps Triple Trender NEW!

View these videos on Jan Arps' tools:

Now, for a Limited Time, Hurst Polynomial Regression Bands Included at No Extra Charge.

In addition to the Crown Jewels Tool Kit, Jan Arps' Traders' Toolbox now also offers the revolutionary new Hurst Polynomial Regression Bands Tool Kit, consisting of the following tools:

  • The Hurst Bands-Historic indicator plots a set of standard deviation channel lines around a polynomial regression centerline to help the user identify levels of optimum probability for entering and exiting trades.
  • The Hurst Bands-Actual indicator plots the progress of the end point of the Hurst Bands-Historic calculation for each bar on the chart, thus providing a continuous evaluation of how the Hurst Bands' relationships have changed with time.
  • The Hurst Bands-Oscillator provides an indication of normalized deviations of price from the regression mean, thus revealing when prices are overbought or oversold in varying volatility environments.
  • The Hurst Bands-Multi-Order Centerlines indicator provides an excellent means for identifying trend direction and strength through the interaction between two polynomial regression centerlines of different orders.

The Hurst Polynomial Regression Bands indicators are available, for a limited time only, as part of the Crown Jewels service at no additional cost.

Access how-to-use information on Jan Arps' Traders' Toolbox Crown Jewels.

Jan Arps' Traders' Toolbox Crown Jewels are available as an add-on service to your eSignal subscription for only $ for the first month, $ per month thereafter.

If you are not already an eSignal subscriber, sign up for eSignal first.

If you are already an eSignal subscriber, add the Jan Arps' Traders' Toolbox Crown Jewels to your eSignal account.


Joe Krutsinger's Trading System

Joe Krutsinger's Trading System trades the NASDAQ 100 as an index or stocks within the NASDAQ 100.

This new trading system, engineered by Joe Krutsinger, CTA, is the result of 27 years of full-time research. It is an innovative strategy for trading the NASDAQ 100 Index or any of the 100 stocks within that index.

Joe has found an elegant entry technique designed to capture the short-term market “turning points” in the NASDAQ stocks. His system takes the guesswork out of where to enter, where to exit, and what to do if you are wrong! The entry is so robust that it yields extraordinary profits on the 100 component basket of stocks without added filters or stop logic. This system has been evaluated and received a top rating by Futures Truth!

This strategy is also an “always in reversal system.” It has no variables. It is never optimized. It can be used as a market-directional indicator or on stocks to indicate the direction for trading options! Let the developer back test it on your favorite NASDAQ stock. Simply email Joe Krutsinger, CTA directly with the symbol of your stock at dsachs@windstream.net and Joe will personally get your report right out to you.

For more detailed information, read an article on Joe Krutsinger's Trading System or access how-to-use information on Joe Krutsinger's Trading System.

Joe Krutsinger's Trading System is priced at $ per month.

If you are not already an eSignal subscriber, sign up for eSignal first.

If you are already an eSignal subscriber, add Joe Krutsinger's Trading System to your eSignal account.


John Ehlers' MESA Indicators

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The MESA Indicators allow you to view the market in a whole new way. The indicators accurately measure the frequency spectrum and identify the dominant cycle. Most oscillators give late signals, but the Sine / LeadSine indicators anticipate the turning points of the dominant cycle. The Phase indicator shows the market position within the period of the measured dominant cycle. By subtracting the cycle component from the price movement, a low lag Instantaneous Trendline is created. This Trendline identifies the onset and termination of trend movement.

The MESA Indicator studies available for add-on to eSignal are:

  • Dominant Cycle
  • Phase
  • Sine and LeadSine
  • Instantaneous Trendline and Minimum Lag Smoother

Access how-to-use information on the MESA Indicators, as well as an introduction and user's guide to eMESA, an introduction to the MESA Indicators and an article by John Ehlers on understanding market cycles.

The MESA Indicators are now available as an add-on service to your eSignal subscription for only $ a month.

If you are not already an eSignal subscriber, sign up for eSignal first.

If you are already an eSignal subscriber, add the MESA Indicators to your eSignal account.


Kase StatWare

The Kase StatWare indicators are an inventive set of indicators that automatically adapt to thechanging market conditions. Because the indicators are highly mathematical and statistically based, these indicators are extremely accurate and lend themselves well to any market and any time frame. StatWare is valued by traders because it combines high accuracy with ease of use. The StatWare package includes entry indications, stop levels and exit indications and, thereby, covers every aspect of trading. Among the indicators are the Kase PeakOscillator and the KCD, which have been found to reliably predict market turns 95 percent of the time.

The per-month fees for adding Kase StatWare are:

  • $ for non-pros
  • $ for pros in the U.S. and Canada
  • $ for pros outside the U.S. and Canada

If you are not already an eSignal subscriber, sign up for eSignal first.

If you are already an eSignal subscriber, add the Kase StatWare to your eSignal account.

Access a manual on Kase StatWare that describes the indicators and features plenty of screen shots to show you how they work.


PowerTools Trading System

PowerTools is a highly effective, fully adaptive trading system that automatically generates buy and sell signals for any market and can be used on intraday and daily charts. Visually stunning and intuitive to use, PowerTools is now available as a complete trading system for eSignal Advanced Charting.

 

 

These tools are available for one low monthly add-on fee of $.

If you are not already an eSignal subscriber, sign up for eSignal first.

If you are already an eSignal subscriber, add PowerTools Trading System to your eSignal account.

To learn more about the PowerTools Trading System, go to the documentation in our KnowledgeBase or, to obtain subscriber support and the latest PowerTools EFS file, please visit Teresa Lo's online library at PowerSwings.com.


Raghee Horner's EZ2Trade Software

EZ2Trade is based on an approach called "Three Classic Tools to a Three-Step Set-Up," which uses support, resistance, trendlines, Raghee's own market cycle indicator called the "Wave", Fibonacci levels and much more to provide entry levels, stop loss levels and profit targets.

With its "one-click" simplicity, the EZ2Trade Charting Collection is a set of automated studies that allows any trader to automate:

Trendlines The Wave
Support and Resistance Candlestick Patterns
Fibonacci Levels Pivot Points
Minor Highs and Minor Lows Trailing Stop / Strength Indicator

Each of these charting tools is used in the EZ2 Trade "Three-Step" Trading Plan, which is available to all subscribers. Effective for trading intraday and end-of-day Forex, futures and stocks, these tools bring together the best of classic charting with the automation of eSignal Formula Script (EFS). (More information)

The EZ2 Trade Charting Collection, along with the "Three-Step" Trading Plan, was developed to take the guesswork out of entries, stop-loss levels and trading targets. Each of these charting tools automatically adjusts with price and can also be used as a training tool with eSignal's Replay feature. Take advantage of hours of video instruction to learn how to get the most from your eSignal and the EZ2Trade Add-On. (More information)

Raghee Horner is the author of the bestselling books Forex Trading for Maximum Profit and Thirty Days of FOREX Trading. For Subscriber Support, including Trading Plan requests, please visit Raghee Horner's website.

Access the documentation on EZ2Trade or a description of the "Three-Step Approach" that the software is based on.

EZ2Trade is priced at $ per month.

If you are not already an eSignal subscriber, sign up for eSignal first.

If you are already an eSignal subscriber, add EZ2Trade to your eSignal account.


The Triades

The Triades is a technical analysis model aimed at pinpointing where a market reversal is, objectively measuring the natural movement of the market in percentage points. It generates real-time buying and selling alerts. A reward / risk ratio is associated with any signals.

Triades measures bearish and bullish movements of the market in percentage, enabling investors to get the probability of success to reach a target price. It can be applied to any financial product (futures, Forex, interest rates, commodities, equities) and can be calculated on any time frame (1-, 15-, 60-, ..., -minute, daily, ..., monthly).

This technical analysis module operates based on three basic elements from swing trading: Pivots (extreme points of a market’s fluctuation either up or down), swings (price fluctuations) and the three bars, which have been developed into "triades" that may include inner bars within the three main bars. The module only takes into account the highest and lowest bars and is not statistically based.

"Triades" subscribers also receive free advice on Forex, fixed income, crude and equities indices via email in a specific format (for example, DJ Eurostoxx 50 / time frame 200 / Long 442364 / Stop 439900 / Target 448550).

eSignal subscribers who add The Triades to their subscription are able to access the web link alerts through the Research menu of the eSignal application.

Both The Triades and TriadesPRO are available as add-on services to your eSignal subscription. The Triades is priced at $ per month. TriadesPRO is $.

If you are not already an eSignal subscriber, sign up for eSignal first.

If you are already an eSignal subscriber, add The Triades to your eSignal account.

Access an introduction to The Triades or other documentation explaining the The Triades software.


WaveTracker and WaveTracker PRO

Price-action is a key to successful trading. Indicators lag; price-action does not. If you know how to read price-action in markets, you can consistently trade to win. Price-action is the language of the markets. Learn to read it, speak it and embrace it, and you will hear the market telling you where it is most probably best to go. The smart money traders trade off price-action pattern points.

WaveTracker assists you in analyzing price-action in markets. It will show you that the language of price-action has market structure as consonants and market geometry as vowels. To analyze market structure and geometry, you look at:

  • Alternate Wave Equality (Elliott Wave AWE patterns)
  • Fibonacci retracements and extensions
  • Support and resistance
  • Common patterns (hooks, rectangles, triangles and breakouts)
  • Volume
  • Confluences of the above (WaveTracker PRO)

WaveTracker is your assistant in analyzing price-action. WaveTracker:

  • Labels waves with highs, lows and wave lengths
  • Computes and graphically displays all Elliott Wave AWE pattern
  • Automates Fibonacci levels for each wave
  • Identifies balance points and floor trader pivots
  • Illuminates evening session highs and lows, along with range-of-day Fibonacci levels
  • Provides audio alerts when volume occurs and key levels are reached
  • Identifies confluences of the above (WaveTrackerPRO)

In the accompanying example trade setup using WaveTracker on a 5-minute chart of the S&P E-Mini contract on June 24, 2005, the ‘D’ point of the AWE pattern, 1200.25, was a sell point based on price-action consisting of a confluence of 3 patterns of market structure, geometry and support / resistance. Each pattern added to the reasons to be selling 1200.25. The patterns at 1200.25 (within a tick) are:

  • +4.00 Elliott AWE pattern
  • 50 % retracements of wave from 1205.00 to 1196.00
  • Previous support turned into resistance at 1200.25/1200.50

The market cooperated and swiftly fell 7 points to a previous low of 1193.50. These types of patterns occur every single day in the S&P Emini and in all other highly liquid markets.

All waves, Fibonacci levels and Elliott AWE pattern points update in real time. Performance is superb; you can run up to 10 charts simultaneously with WaveTracker. WaveTracker supports all symbols and all markets available through eSignal.

Both WaveTracker and WaveTrackerPRO are available as add-on services to your eSignal subscription. WaveTracker is priced at $ per month. WaveTrackerPRO is $ . There is a 50% discount for the first month.

If you are not already an eSignal subscriber, sign up for eSignal first.

If you are already an eSignal subscriber, add WaveTracker to your eSignal account or add WaveTrackerPRO to your eSignal account.

Access how-to-use information on WaveTracker or FAQs on the WaveTracker software.

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