TrendSignal

anmolway

Active member
249 1
Jetheat, you have the wrong end of the stick, let me explain. The support resistance lines, trendsignal momentum indicator, is calculated specifically using trendsignal mathmatical formulae.

You may get free charts off the internet but the mathmatical formulae that works out the s/r levels,etc won't be provided.

If you want further information, you really need to speak to the trendsignal people.

HTH
 

Jetheat

Active member
166 0
ok, I understand now, but I'm wondering:-

They explain their formula (I hope) in the manual which is received with the package.
After you've read it, then there is no need for their charts or Data Feed service which costs $39 / month.

Is this a valid assumption?
 

temptrader

Well-known member
393 55
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.
 

Jetheat

Active member
166 0
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.
 

temptrader

Well-known member
393 55
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 Omnitrader 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.
 

Jetheat

Active member
166 0
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)?
 

temptrader

Well-known member
393 55
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.
 

Jetheat

Active member
166 0
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?
 

cashtrader

Junior member
15 0
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.
 

cashtrader

Junior member
15 0
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


Cashtrader
 

sathy

Newbie
4 0
Trendsignal

Hi Zarif,
I have spoken to a trader in Trendsignal...I am thinking of buying it, but can you tell me which one did you get..the EOD or the
(more expensive) Intraday package?
Thanks.
 

Jetheat

Active member
166 0
ok, just to get things straight in my head.

Trendsignal is a plugin to an application called "Ensign Windows"

Ensign Windows is available for purchase at a monthly rate of $39.95

In turn, to use Ensign Windows, you need to subscribe to some charting from esignal at the rate of an additional $39.95 per month

The End of Day plugin downloads a chart at the end of each day giving you signals for the next day.

What would it take to get the formula itself (from the horses mouth)?

Can anyone clear up these edges in my head?
Thanks
 

zarif

Active member
133 2
I have bought the realtime version.
Jetheat quite right that u need the ensign charting package at usd 39.95 and datafeed (i use esignal and for the indices and forex datafeeds i pay abt usd 280 per mth.)
So far good results with trendsignal.

rgds
zarif
 

Jetheat

Active member
166 0
Holy Cow! $280 additional per month. I was under the impression (from Trendsignals website) that you only need to spend $39.95 per month as ongoing charges.
 

temptrader

Well-known member
393 55
there just simply no pleasing some people :(

You subscribe to Ensign for $39.95 a month. You are paying for the application. This way you get the EOD feed for free. The $39.95 a month is it.

If you want the real time version it's a different version of Ensign and obviously the feed will be much, much more because you are getting real time data. $280 a month is about right
 
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