Design Your Own™
Ensign Windows has a powerful feature for designing your own
studies. Use this feature to implement the logic for a study, or
create special visual effects. There are hundreds of operations
available divided into 16 categories. Use the drop down boxes on the form to
select an operation to implement a study's mathematics or logic. Several
examples are illustrated on this page. Please read the information
about Global Variables.
Opening Gap
This example finds the opening gap between the prior session close and
today's day session open at the time stamp entered on Line A. An gap
Up is colored with a green band and a gap Down is colored with a red band.
Line A finds the bar Index (position in the data set) for the
opening bar and stores the index in GV [1]. Edit the day session
open time entered as the number on Line A to adapt this example to other
markets.
Line B stores the index for the bar prior to the opening bar.
Line C tests for a Gap Down at the opening bar, and if present
the gap between the opening bar's High and the prior bar's Low is drawn in
red. Line D and Line E obtain the two prices for the spread marker. Line
G test for a Gap Up at the opening bar, and if present the gap between the
opening bar's Low and the prior bar's High is drawn in green. Line H
and Line I obtain the two prices for the spread marker. Template:
OpeningGap
5-MinuteTime Zones
This example can be used with constant tick charts, constant volume charts, or
Momentum Bars (constant range charts).
Although the bars span a variable amount of time, the zone coloring changes every 5-minutes.
Line A gets the Bar's Time and divides by 5 to create 5-minute periods, and stores it in GV [1]. Line B
truncates the division from Line A and resaves the integer in GV
[1]. Line C does a modulo 4 operation to return a remainder of 0,
1, 2, or 3. To change the time period for the color
grouping, edit the Line A Value to the number of minutes for the period. Lines
D through G plot a different zone color for each of the 4 possible results
from Line B's modulo 4 operation. Template: 5MinZones
Band Examples
This DYO form shows three Band examples. The spread marker will use the
two values obtained from adjacent lines on the DYO form. For
example, the spread marker on Line A will use the Line A value and the
Line B value. Lines A and B plot the spread between the
Open of a bar and the Close of the prior bar (Bar Offset = -1). Lines
C and D plot the spread of the Today's Open and Yesterday's Close. This shows the
opening gap. The label marks these prices with a letter and looks up
the values from Line C and Line D with the [C] and [D] notation. Lines E and F plot a
spread between two prices that have been manually entered in the number
fields.
Pesavento Break
The Pesavento Patterns study is an excellent way to find and mark the
swings on a chart. This example will highlight in blue the
bars which break above a prior swing high in an up trend. In a down
trend, the bars that trade below a prior swing low will be highlighted in
yellow.
Line A gets the prior swing price and stores this value in Global Variable
[1]. This price is marked with a horizontal red line and represents the
trigger level for the break out test. Line B tests for a bar's High being
above the swing price. Line C tests for the current Pesavento
trend to be rising. Line D highlights a bar in blue when both
conditions from Line B and C are True simultaneously. Lines E, F and G
are a mirror image of the logic on lines B, C and D. A
bar whose Low is below the swing price and in a down trend is highlighted
in yellow. Template: PesaventoBreak
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