Announcing eSignal 10.4

Quote from JayF_eSignal:

Hi RB,

Also, in eSignal 10.5 (~June, 09) one of the items we're planning on adding is the extended historical and tick databases which will push those 10 days out to a whole year stored on our servers... I don't believe we'll have the whole year downloadable all at once due to the network impact that it may imply, but we're still looking at this process. More will come on that in a few months.

Jay, every time I open esignal, I have my template setup to download 4 days of tick data. My EFS scripts need this data to function. If this data was stored on my hard drive, it would put less demand on the esignal servers, not more.

I reboot on the weekend and I lose all that tick data I have already downloaded. i then have to retrieve it again off the server. I'm no programmer, but it's kind of a dumb approach if your trying to reduce server demands.

Maybe you should have a user pays system where if you want a year of historical tick data you pay $3 bucks or something. This would prevent overuse.

Runningbear.
 
Quote from JayF_eSignal:

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 new 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.

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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.

03.24.2009-11.12.48.png


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.

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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.

How about cheaper access to an API that lets you read ticks and historical data? Isn't your service like $200+ for this stuff on top of data fees already?
 
Question for Jay/eSignal...

Did you get the QCharts "breadthalizer" symbols into eSignal 10.4?

If not, what's the estimated time frame now?
 
Quote from lolatency:

How about cheaper access to an API that lets you read ticks and historical data? Isn't your service like $200+ for this stuff on top of data fees already?

Yes access to the api should be free given that I'm already paying for the data and symbol limits are in place.
 
Quote from muller:

how about a price fix for customers who are forced to use Version 8

Muller,

We don't have any plans of changing prices for those on older software versions. I'm curious, why are you forced to use version 8? Have you tried eSignal 10.4? Hibernation alone dramatically increases performance let alone a multitude of other enhancements since the 8.0 days...
 
Quote from lolatency:

How about cheaper access to an API that lets you read ticks and historical data? Isn't your service like $200+ for this stuff on top of data fees already?

I'm unsure of your exact needs, but have you checked out eSignal QLink? With a free 30-day trial and no upfront costs, it's a great addition to an eSignal subscription. It provides access to tick and historical data via Excel, and streams in live data as needed. Currently, QLink uses DDE, but we are actively exploring / prototyping a new RTD-based version that will allow cell-referencing among other things.

For more info, check out this article.
 
Quote from RL8093:

Question for Jay F - or anyone else: why is there such reluctance to allow historical data storage on trader's hard drives? ...

There's a few different business reasons for this, and also it keep things simple. When eSignal was first introduced much of the software at that time required users to maintain local databases (think TS 4.0.) Much of the feedback was that there was a significant time requirement associated with maintaining local db's, and users desired a much simpler way to get charts.

Even though software generally speaking has come a long ways since those days, there's still an amount of work overhead for end users that are on a software model that uses local data. There's no denying that there's advantages with this model, I'm just simply pointing out the other side of that picture.

We are in process of a pretty major reworking of eSignal, and while an "off-line" mode is something we'd like to do at some point in the future, we want to make sure we get a rock-solid release out the door. Only then, will we look to expand in this area.

Thanks for the feedback, RL.
 
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