TrendSignal

This is a discussion on TrendSignal within the Trading Systems forums, part of the Methods category; no, it's not. Trendsignal is an Ensign windows "library extension" so to speak. They do not write the application. The ...

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Old Apr 2, 2004, 9:43pm   #33
Joined Feb 2004
no, it's not.

Trendsignal is an Ensign windows "library extension" so to speak. They do not write the application. The trendsignal is implemented as an Ensign windows chart study. This way they do not have to support the charting application.

You can download ensign windows for free, and it will have its own license number. The application will expire after 7 days of use. If you wish to use it after this period they charge $39.95 a month. The application has a send card details dialog to do this.

With ensign windows when you download data it's off esignal and to its own format.

And no trendsignal do not give away their formula. If you want it you have to pay for the Ensign Chart study extension library that they provide.
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Old Apr 3, 2004, 3:26pm   #34
Joined Mar 2004
OK, I only got half of what you were saying there.
What exactly is an Ensign windows "library extension" and Ensign Chart study extension library?

if the secret formula is contained within the above, then is this included in the £1000 package or do you have to buy it separately?

If it's separate, does this mean that you cannot trade without using their chart subscription as that would contain the buy/sell signals etc..

Appreciate any clear up here.
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Old Apr 4, 2004, 11:01am   #35
Joined Feb 2004
here's how it works.

Ensign windows is a charting application that you subscribe to. For the end of day version it will cost you $39.95 a month. If you don't pay you can't download the end of day data and it feeds off a supplier called esignal.

I believe Ensign is a very stable and mature application. Like Omn******* you can have a SDK (software development kit) for it. This allows third parties to bolt on their own chart study extensions. A bit like Metastock if you know what I mean. For example the MetaStock application does not have Elliot Wave analysis tool or Bollinger bands indicator, but they are available as a plug in, which you have to pay for.

For trendsignal you get this plugin file. When you run Ensign you click on the chart study and it applies the trendsignal formula and look. This way any problems with Ensign windows application you refer to Ensign.
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Old Apr 4, 2004, 3:40pm   #36
Joined Mar 2004
Thanks, that was very helpfil in understanding.

If Trendsignal actually show me the formula in their manual, then what's to stop me getting any old chart of the net and applying the formula to it.
Why do I need Ensign Windows or any other application if the secret is revealed in their book (That's if it is)?
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Old Apr 4, 2004, 4:28pm   #37
Joined Feb 2004
It's their own propriertory indicator, of course they are not going to reveal it to you.

All the booklet says is how to use it and that it takes experience. Some will probably fail in using it and others will succeed. It is not and never will be the holy grail.

The trendsignal is supplied as an Ensign windows plugin, so you have to have Ensign windows to run it.
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Old Apr 4, 2004, 4:43pm   #38
Joined Mar 2004
Would they reveal the formula if you paid them to let you in on the secret? Or do they have another package which reveals the secret within its features?
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Old Apr 4, 2004, 5:37pm   #39
Joined Mar 2004
Go talk to tradertim, he is savvy when it comes to the components of Trendsignal. Here is what he says:-

TrendSignal`s main bands appear to be Keltner channels (which are based on volatility). See www.arbtrading.com/keltner.htm for calculation & interpretation. TrendSignal`s intermediate bands seem to be set halfway inbetween the central moving average & outer channels.

The TrendSignal trendline, in the separate box below the main chart, appears to be a momentum oscillator.

The horizontal support & resistance lines seem to be drawn from (the centre of?) recent candlestick reversal points.
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Old Apr 4, 2004, 5:41pm   #40
Joined Mar 2004
So in other words, get yourself a system with keltner channels,
use candelsticks and a momentum oscillator and you've nearly got Trendsignal at a fraction of their £3.5K price. Incidentally, does anyone know which system uses keltner channels?

Thanks


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