Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.


E Signal

Recommended Posts

Guest forsearch

Sure Johnny.


It's called PRICE.

Share this post

Link to post
Share on other sites

Asking what indicator you like really doesn't mean much unless the person then teaches you how they use it. For example, in this post the OP mentions uses of 2 different moving averages. Those can be found on any platform easily. All throughout this forum, you will find discussions of different indicators but it requires YOU to do some leg work to find them and then research them.


And if that's not good enough, head over to stockcharts.com and read up on the many different indicators they discuss there or purchase a technical analysis book from Amazon.com like a basic one or a detailed one or an "encyclopedia" of patterns.


Good luck and feel free to post questions after you have decided to do a little leg work first.

Share this post

Link to post
Share on other sites

I use eSignal, but the (very) few indicators that I use are coded in MetaStock and MS Excel. I have not found eSignal to be useful in this regard.


The three indicators I use are a Wyckoff Wave Chart, which includes certain volume and cumulative volume characteristics of each wave (this is proprietary), a leading stocks indicator, and a NYSE Tick indicator adjusted to the mean of the last 10 days. All of these indicators reflect supply and demand or no supply and no demand characteristics of the market. I trade the S&Ps and these along with standard volume and price are highly applicable to that market. I don't know about other markets.


eSignal has great data but I haven't found their programming system to be all that helpful. Explore Excel. There is a wealth of possibilities if you like indicators.


Unsolicited advice: Try to focus on understanding price and volume as you explore indicators. Indicators can be very helpful at times, but the real truth is always in the price and volume. For excellent references in this regard, look to the Wyckoff Course and Tom Williams's Volume Spread Analysis. Google Wyckoff SMI, Genisoftware, and TradeGuider and you will find a wealth of material that, if studied and applied well, will help you become the trader you wish to be.



Hope this is useful.



Share this post

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Topics

  • Posts

    • $SIG (SIG) Signet Jewelers stock bottom breakout watch,

      analysis http://chart.st/SIG
    • This is NOT about “ungoverned” internet at all 
      http://abcnews.go.com/International/age-cyber-warfare-ungoverned-internet-poses-threats-infrastructure/story?id=53276814   This is ? https://www.oftwominds.com/blogapr18/data-influence4-18.html
    • $UVE (UVE) Universal Insurance stock narrow range breakout watch,

      analysis http://chart.st/UVE
    • $INFN (INFN) Infinera stock strong day w/ top of range breakout watch,

      analysis http://chart.st/INFN
    • Date : 25th April 2018.

      MACRO EVENTS & NEWS OF 25th April 2018.

      FX News Today

      European Outlook: 10-year Bund yields are down -0.4 bp at 0.623% in early trade, the 2-year is down -0.5 bp at -0.5685. 10-year Treasury yields pierced the 3% mark overnight, but have fallen back slightly to currently 2.998%, while yields moved broadly higher in Asia with the 10-year JGB up 1.2 bp at 0.054%. Stock markets headed south in Asia, following a weak close in the U.S. with concerns about the earnings outlook amid warnings on profit outlooks hit sentiment. With a lack of key data releases in Europe today the focus is on the ECB meeting tomorrow, where Draghi will likely see through the recent run of weak confidence data to keep the ECB on course to end net asset purchases by the end of the year, but repeat once again that inflation is not yet on a sustainable path higher, which means the ECB is not ready to commit just yet.

      FX Update: USDJPY lifted back above 109.00 from yesterday’s correction low at 108.54, but has so far left yesterday’s 10-week peak at 109.20 untroubled. Ditto for EURJPY. Stock markets in Asia have been broadly lower following declines on Wall Street, with investors digesting higher yields — the 10-year T-note finally touched the 3.0% level (and first time here since early 2017) — and doubts about earnings growth. The USA500 closed out yesterday with a 1.3% loss, while the Nikkie 225 was showing a 0.3% loss in the late PM Tokyo session. This backdrop has likely curtailed yen selling, according to market narratives. In data, Japan’s February industry activity index came in with 0.4% m/m growth, slightly below the median forecast for 0.5%. USDJPY has been trending higher for a month now, from sub-105.00 levels. The dynamic has been concomitant with rising U.S. yields, with looser fiscal policy having given added underpinning to Fed tightening expectations. This comes with the BoJ continuing to peg JGB 10-year yields near 0.0%. Demand for foreign assets by Japanese life insurers has been a factor propping USDJPY up so far in the new fiscal year, while an abatement in concerns about trade tensions and cooling relations on the Korean peninsular have also been in the mix. Overall, we advise following the trend in USDJPY for now. Support comes in at 108.40-42.

      Charts of the Day

      Main Macro Events Today
        Credit Suisse Economic Expectations Crude Oil Inventories – Expectations – -2.043M Barrels from -1.1M last week BOC Gov Poloz & Wilkins speech – Poloz and Wilkins appear before the Senate Standing Committee on Banking, Trade and Commerce on Wednesday. Support & Resistance Levels

      Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

      Please note that times displayed based on local time zone and are from time of writing this report.

      Click HERE to access the full HotForex Economic calendar.

      Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!

      Click HERE to READ more Market news. 

      Stuart Cowell
      Senior Market Analyst

      Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Important Information

By using this site, you agree to our Terms of Use.