JayF_eSignal
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I’m excited to announce the immediate availability of eSignal 10.4 today on the eSignal Download Page. With this comes some great features and enhancements and of special importance is the launch of a new eSignal OnDemand product directly aimed at Forex traders.
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eSignal OnDemand – Forex
We’ve added two features for a Forex version of our new eSignal OnDemand product. eSignal OnDemand – Forex allows users to choose to receive real-time data for one Forex contributor of their choice via the File -> Preferences, Forex Contributor tab. This product also has the ability to receive both delayed snapshot and real-time data at the same time.
Area Charts
In the past few years, the popularity of the Area Chart has grown significantly as a way to easily view general market trend. It can also be compressed into a tight space while its high contrast nature still makes the chart easily readable.
The 4 choices of area chart styles mostly have to do with color choices. The default, single-gradient color is one color that lightens / darkens to highlight the peaks of a trend. A second choice is the multiple-gradient chart, for which you can choose more than one color (seen to the right). There’s also a single-color choice, as well as a new histogram style chart.
Enhanced Hibernation
Previously, in eSignal 10.3, symbols that were hibernating were completely unsubscribed from receiving any updates from our servers and a “Hibernated” message was displayed in the Quote Window. There is now a new color scheme for symbols that are in hibernation. Instead of hiding the data, we are now displaying the last quote we have and updating this data once every 5 minutes in the background. This leads to even further savings because only those symbols that are visible are subscribed to for real-time data.
As seen in the screenshot shown below, as I scroll down my list of symbols, the symbols in hibernation are nearly grayed out. When I let go of the mouse button, all visible symbols are immediately subscribed, and the data begins flowing in again.
Percentage Scale
In eSignal 10.4, you now have the ability to display a new type of price scale based on the percentage move. To activate this new scaling option, click on Advanced Chart -> Scaling -> Percentage Scale. This will change the price display along the Y-axis to show the percent change based on the left-most bar. As the chart is moved left / right or zoomed in / out, the scale will automatically adjust to show the new values.
Paper Trading with Tick Replay
Paper trading plays a big part in learning how to trade. You can now practice with simulated live data using the Tick Replay feature in eSignal. To do this, click on Tools -> Tick Replay -> Tick Downloader to download the data set you want to practice on. Then, head to Tools -> Tick Replay -> Replay Tick File to begin reliving that trading day for that symbol.
From there you can use the paper trading features built into eSignal, such as Trading from Charts or the Attached Order Ticket.
VWAP Calculator
Under the Tools menu is a new calculator that allows the user to get a VWAP value when certain dates / times are specified. One can also apply size filters to include or exclude trades of a given size to estimate where certain trading groups are putting their money into the market. That is to say, one can determine what the VWAP would be if large block trades are removed or if only large block trades are used. Alternatively, the Weekly VWAP could be generated with this tool, which is a nice way to see what the average price was for the week.
Time & Sales – Filter by Condition
A new filter choice is available for locating trades by condition. The filter can be a partial entry of the condition, such that “ext” would result in all “ExtHours” trades showing in the Time & Sales window.
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Enhancements / Corrections
Time & Sales – Trade Coloration for Single-Sided Quotes
Some exchanges send quotes without a matching pair, and previously, eSignal was having difficulty determining what the trade coloring should be under certain conditions. eSignal 10.4 corrects this flaw, and trade coloration is now working as expected.
For more information about additional enhancements and corrections, please refer to the readme.txt file in your eSignal directory.
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eSignal OnDemand – Forex
We’ve added two features for a Forex version of our new eSignal OnDemand product. eSignal OnDemand – Forex allows users to choose to receive real-time data for one Forex contributor of their choice via the File -> Preferences, Forex Contributor tab. This product also has the ability to receive both delayed snapshot and real-time data at the same time.
Area Charts
In the past few years, the popularity of the Area Chart has grown significantly as a way to easily view general market trend. It can also be compressed into a tight space while its high contrast nature still makes the chart easily readable.
The 4 choices of area chart styles mostly have to do with color choices. The default, single-gradient color is one color that lightens / darkens to highlight the peaks of a trend. A second choice is the multiple-gradient chart, for which you can choose more than one color (seen to the right). There’s also a single-color choice, as well as a new histogram style chart.
Enhanced Hibernation
Previously, in eSignal 10.3, symbols that were hibernating were completely unsubscribed from receiving any updates from our servers and a “Hibernated” message was displayed in the Quote Window. There is now a new color scheme for symbols that are in hibernation. Instead of hiding the data, we are now displaying the last quote we have and updating this data once every 5 minutes in the background. This leads to even further savings because only those symbols that are visible are subscribed to for real-time data.
As seen in the screenshot shown below, as I scroll down my list of symbols, the symbols in hibernation are nearly grayed out. When I let go of the mouse button, all visible symbols are immediately subscribed, and the data begins flowing in again.
Percentage Scale
In eSignal 10.4, you now have the ability to display a new type of price scale based on the percentage move. To activate this new scaling option, click on Advanced Chart -> Scaling -> Percentage Scale. This will change the price display along the Y-axis to show the percent change based on the left-most bar. As the chart is moved left / right or zoomed in / out, the scale will automatically adjust to show the new values.
Paper Trading with Tick Replay
Paper trading plays a big part in learning how to trade. You can now practice with simulated live data using the Tick Replay feature in eSignal. To do this, click on Tools -> Tick Replay -> Tick Downloader to download the data set you want to practice on. Then, head to Tools -> Tick Replay -> Replay Tick File to begin reliving that trading day for that symbol.
From there you can use the paper trading features built into eSignal, such as Trading from Charts or the Attached Order Ticket.
VWAP Calculator
Under the Tools menu is a new calculator that allows the user to get a VWAP value when certain dates / times are specified. One can also apply size filters to include or exclude trades of a given size to estimate where certain trading groups are putting their money into the market. That is to say, one can determine what the VWAP would be if large block trades are removed or if only large block trades are used. Alternatively, the Weekly VWAP could be generated with this tool, which is a nice way to see what the average price was for the week.
Time & Sales – Filter by Condition
A new filter choice is available for locating trades by condition. The filter can be a partial entry of the condition, such that “ext” would result in all “ExtHours” trades showing in the Time & Sales window.
---------------------------------------------
Enhancements / Corrections
Time & Sales – Trade Coloration for Single-Sided Quotes
Some exchanges send quotes without a matching pair, and previously, eSignal was having difficulty determining what the trade coloring should be under certain conditions. eSignal 10.4 corrects this flaw, and trade coloration is now working as expected.
For more information about additional enhancements and corrections, please refer to the readme.txt file in your eSignal directory.