Product Review: eSignal 11 by Jayanthi Gopalakrishnan
IN a recent guest appearance on CNBC, author and analyst Nassim Taleb mentioned that a robust system is one that sustains shocks and improves after each one. Of course, he was referring to the banking and financial system of nations, but we could easily apply this concept to creating our own trading systems.
ESIGNAL FORMULA SCRIPT
Not much has changed with regarding how you write the code for a trading system. You open the Script Editor, enter your code, and save it. After that, it is just a matter of inserting that study onto your charts. In Figure 1, you see John Ehlersís SwamiCharts stochastic inserted into the chart.
There are a few new features that have been added to the EFS feature set. For example, in previous versions if you wanted to change things like the colors on a chart or the appearance of a line, you would have to go into the EFS code and make changes to it. In this new version, all you do is double-click on the indicator in the chart and change the options on the Edit Chart window (Figure 2).