Day Session Range

Q:   I need to view the ES on an all-sessions chart.  But I would like to have a DYO start at 9:30 and end at 16:15.  I would like it to find the high and low during that time which would allow me to display the range on the message text.

A:  Use a Daily Price Lines tool to find the day session only high and low, and a DYO to calculate and show the range in the message text.

The DPL will find the Today High and Today Low, but have the Day Session box checked so these values are found using only the 9:30 to 16:15 data.  Their values are saved in the GVs as shown so the DYO can calculate and show the range.

Two Lessons from History

Larry Pesavento: ‘Bernard Baruch, the famous speculator from the 1920’s had several investment rules that he relied on throughout his career that are now famous quotes and basic tenets for thousands of investors today. These three charts exemplify some of the most noted of these rules. The first chart shows the Greek Markit manufacturing index in a very steep downtrend.

Since rates on Treasuries have reached essentially zero, it is unlikely this divergence can continue and either Treasuries or equities (and quite possibly both) could be headed for a potential collapse. Either way, this illustrates another rule: do not be concerned on the return ON your money, be concerned with the return OF your money.

This week, the stock market has reached the three-year anniversary of the major low dating back from March of 2009. Incredibly, nothing in the underlying economy has really changed since. More importantly, all of the AB=CD patterns that I have been looking at on a worldwide basis still remain intact. While I know this may sound like a broken record each week, the record is still playing and has not changed its tune. My bearishness remains intact, and I am awaiting a suitable entrance into the expected reversal.’

Where Files are Saved

Q:  There needs to be a better explanation about how to save charts, save layouts, and using the backup folder.

A:  Although the answer and examples will use Ensign 10 folders and paths, the information is applicable to Ensign Windows.

Charts:  When a chart is opened from the charts form or from a quote page, the process reads the chart’s property file (if one exits), loads the chart’s data file and brings the bars on the chart current by extracting from database files, and then dresses the chart with study and draw tool objects.   If a chart is being opened for the first time, it will not have a property file, and so the default C:/Ensign10/Inifile/Chart.ini file is read.  Chart property files are located in the C:/Ensign10/Property folder using the chart symbol in the filename.

Studies and Draw Tools that belong to the chart are located in the C:/Ensign10/Study folder and use the chart symbol in the filename.

Layouts:  When a layout is opened, the layout script contains information about which forms to open, where to position them, and how to dress the charts with studies and tools.  The layout file possesses the chart properties, and the chart objects.  Thus, a chart opened by a layout does not read from the C:/Ensign10/Property folder nor from the C:/Ensign10/Study folder.   Layout files are located in the C:/Ensign10/Layout folder with a sub-folder for each of the eight layout form tabs.

The layout file is saved when you use the Save or Save As buttons on the layout form.  You should resave layouts using different names when you are evolving your layout content so that you have an earlier version of the layout if you experience a difficulty.

The pop-up menu for Save Layout (hot key CTRL+W) executes the same code as the Save button on the Layout form.

Templates:  Templates are a collection of studies and draw tool objects that are stored as a file so the collection can be applied to a chart.  Template files are located in the C:/Ensign10/Templates folder with a sub-folder for each of the eight template form tabs. 

Template files are saved when you use the Save or Save As buttons on the template form.  You should resave templates using different names when you are evolving your template content so that you have an earlier version of the template if you experience a difficulty and want to return to an earlier version.

Backups:  You are encouraged to have the Setup | System option checked to Backup Templates on Exit.  This backup feature will backup several important folders, including layouts.  Upon program exit, important files will be copied to the folder C:/Ensign10/AutoBackup which has sub-folders for each day of the week.  Thus, there could be a useful image of your files from Monday if they need to be restored on Wednesday.

Another backup and restore feature is found on the Setup | System | Maintenance form.  Perform task #14 to create an extensive backup to folder C:/Ensign10Backup.  And performing task #15 would restore this backup from the same folder.  This manual backup image is more extensive and is independent of the backup made on program exit.

The backups are accomplished by copying files.  Thus any file could be restored by using Windows Explorer to copy the file from the backup location to its appropriate folder under the C:/Ensign10 folder.

Undelete:  The chart objects form has an Undelete button which when clicked will restore the last deleted chart object.   The undelete is accomplished by reloading a template of the chart objects that was saved in a C:/Ensign10/Backup folder prior to the deletion.   Though this was intended for use by Ensign 10 behind the scene, this folder might have a useful copy of how a chart was dressed with studies and draw tools if a template file is accidentally deleted or corrupted in the C:/Ensign10/Templates folder.

Personal Backups:  Trading is a serious endeavor, and should be treated as such.  You should make your own backups to devices which are separate from the computer’s hard disk.   I recommend a free program called EZBackitup and use it on a daily basis to back up important files and folders to an external hard disk or to jump drives.  It is easy to create a backup script by dragging files or folders from a navigation tree to the backup list.  Jump drives are inexpensive, so I backup to a different one each day of the week.