/*********************************************************************************************** Title: trendPack - Turning Points Indicator for eSignal By: Divergence Software, Inc. Web: http://www.sr-analyst.com ================================================================================================ Project Description: The Turning Points indicator, which is part of the trendPack collection, uses advanced cycle analysis techniques to identify points in time where the price action is likely to stall or change direction. If the indicator detects bearish pressure it will begin to plot a row of red bars near the top of the chart. If this pressure increases it will begin plotting a second row of red bars just below the first. If the indicator detects bullish pressure it will begin to plot a row of green bars near the bottom of the chart, and if this pressure increases it will begin plotting a second row of green bars just above the first row. Turning Points can be used standalone, or in conjunction with other indicators and/or trading systems. In a trading scenario you would typically either tighten your stop or close part of the position if bars in the opposite direction of the trade begin printing. If bars happen to print in conjunction with a trading signal (i.e., from some other indicator or system) in the same direction then this can be considered a strong confirmation of the signal. The indicator is fully automatic in terms of operation and will accurately identify these stall/turn areas for all securities, and under all timeframes. The only requirement is that it requires a mimimum of 600 bars to perform the necessary calculations so a eSignal Time Template is required. When using RTH intraday data the potential gaps between the close of one day and the open of the next can pose a problem and, as such, we have provided a "Gap Filtering" option in the menu that, when checked, will ignore gap situations for purposes of the turning point analysis. Full cosmetic control and alert options are included as well, and a chart-background highlight feature can be activated that will shade the chart background in a user-defined color whenever one of the turning point identifiers begin plotting. The Turning Points indicator will operate in a chart as well as in a eSignal watchlist. When run in a watchlist the indicator will color the cell background based on the current Turning Points status (i.e., pale green if green bars are currently printing, pale red if red bars are currently printing, and grey if no bars are printing) and a value will be printed in the cell (a value between 0.00 and 100.00) indicating the strength of the signal. The indicator requires at least 600 bars of historical data to perform its calculations so you must apply an eSignal Time Template (with Data Range set to Fixed and a value of at least 600 for the number of bars. Session can be set at Auto or Custom depending upon your requirements. The Time Template will be necessary in both the chart application as well as the watchlist application. As part of the installation a custom page will be created and stored in the eSignal Pages folder. The name of this page is: trendPack - TurningPoints.page The easiest way to get up and running is to pull up this page in eSignal right after you run the installer. The page includes a correctly-configured Time Template and, by loading the page, it will ensure that this Time Template is added to your list of available Time Templates. The page will display a chart with the trendPack - Turning Points indicator pre-loaded as well as a watchlist. The trendPack - Turning Points indicator will only operate in the 64-bit version of eSignal. Indicator Parameters: ==================== Apply Gap Filtering Logic?: If this box is checked then gap filtering logic will be applied to the raw data before the analysis is performed. If this box is unchecked then no filtering will be performed. The default is checked. Cosmetic Options: Bullish Color: Select the color to use for plotting bullish turning points. The default is green. Bearish Color: Select the color to use for plotting bearish turning points. The default is red. Watchlist Foreground Color: Select the foreground color to use when the indicator is loaded into a eSignal watchlist. The default is darkgrey. Highlight Background?: Chart only. Check this box if you would like the chart background highlighted to reflect the current turning point status. The default is unchecked. Bullish Background: Select the color to use for highlighting bullish turning points. The default is pale green. Note, this color is also used if the indicator is loaded into a watchlist. Bearish Background: Select the color to use for highlighting bearish turning points. The default is pale red. Note, this color is also used if the indicator is loaded into a watchlist. Font Size: Chart only. Set the font size to use when plotting the bullish/bearish Turning Point bars. The default is 6. Alert Options: Use Sound Alerts? Select "true" if you want sound alerts to be generated on an alert condition. Use Popup Alerts? Select "true" if you want popup alerts to be generated on an alert condition. Use Email Alerts? Select "true" if you want email alerts to be generated on an alert condition. Note that you will need to configure the eSignal application with your email/ISP information. Bullish Alert WAV File: Input the WAV file to be used if a bullish Turning Point condition is signalled, and if Sound alerts are turned on. Default is DING.WAV. Bearish Alert WAV File: Input the WAV file to be used if a bearish Turning Point condition is signalled, and if Sound alerts are turned on. Default is BOING.WAV. Disclaimer: For educational purposes only! Obviously, no guarantees whatsoever and use at your own risk. *******************************************************************************************************/