FREE! Arps Universal Swing Tool

The Universal Swing Tool, which has been offered as part of Jan Arps Crown Jewels as an add-on to eSignal, is offered for free to eSignal subscribers. It is a “Swiss army knife” tool for displaying and analyzing price swings of different magnitudes. This tool generates a series of zigzag lines connecting successive swing highs and swing lows. Accordingly, we are able to filter out the random noise in price fluctuations and focus our attention on the magnitude and speed of the up moves and down moves of price and their relationships to one another.

As well as plotting the basic zigzag line, this tool has the additional capability of displaying the following information about the price swings:

1. The magnitude of each swing, in points
2. The ratio of the magnitude of each swing to that of the preceding swing (swing ratios)
3. The longer-term trend direction
4. Retracement support / resistance levels for the current swing, as well as for previous swings
5. The swing reversal price (that is, the price to which a current swing will have to revert to constitute a reversal of swing direction)

The basic Arps Universal Swing Tool connects alternate swing highs and swing lows using a proprietary pattern-recognition algorithm that is universally applicable to all charts on any time frame. The size of the swings to be recognized is controlled by a User Input, “Sensitivity”, which works like a volume control on a radio.

Read an article with more information.
Access how-to-use information on the Jan Arps Crown Jewels, including the Universal Swing Tool.

FREE! Bollinger's Indicators

Two new formulas have been added to eSignal by John Bollinger to use in conjunction with Bollinger Bands, Normalized Volume and Intraday Intensity.

Normalized Volume allows volume to be compared on a relative basis from stock to stock and from time to time. It also allows volume to be included in trading systems in an adaptive manner because it defines high and low in relative terms.

Intraday Intensity is a volume indicator that depicts the flow of funds for a security based on where it closes in its range. The idea behind Intraday Intensity is that the need for institutional traders to complete their positions gets ever more urgent as the close of trading looms. As they move to fill their needs late in the day, their actions cause prices to rise or fall, effectively tipping their hands via the relationship of the close to the day’s range.

The Bollinger Band Tool Kit, an add-on available to eSignal subscribers, is for investors and traders wishing to explore the potential of Bollinger Bands and volume indicators. Included are 40+ indicators, example trading systems, explorations and experts.

FREE! DiNapoli Indicators

DiNapoli Preferred Stochastic
This indicator is to be used with caution and knowledge as the trader "fades" or goes against the traditional usage of the indicator in order to position himself/herself on a retracement of price. It is a sophisticated process whereby a trader familiar with the details of this process actually positions the trade by selling into a buy signal *or* buying into a sell signal. Use of the DiNapoli MACD in conjunction with this indicator and knowledge of DiNapoli levels are necessary to achieve success with it. The specific values and equations in this study have been researched and used for more than 20 years. This indicator is applicable to any liquid market, from equities and futures to Forex. Although its use has broad market applicability, it is particularly useful for trading the intraday E-Minis or the NASDAQ.

DiNapoli MACD
This indicator is normally used in conjunction with the DiNapoli Preferred Stochastic. It is a highly accurate trend-defining indicator. The specific values and equations in this study have been researched and used for more than 20 years. This indicator is applicable to any liquid market, from equities and futures to Forex. Although its use has broad market applicability, it is particularly useful for trading the intraday E-Minis or the NASDAQ.

DiNapoli Detrended Oscillator
This indicator is a highly accurate overbought / oversold oscillator. It is not normalized to a given range (+ or - 100), so it can show extremes in market moves far better than standard volatility oscillators. It can be combined with retracements of expansions of price defined by DiNapoli levels to produce incredibly accurate entry and exit points. This indicator is applicable to any liquid market, from equities and futures to Forex. Although its use has broad market applicability, it is particularly useful for trading the intraday E-Minis or the NASDAQ.

DiNapoli Displaced Moving Average
This study is used as a trend-defining tool, as well as a means to identify 4 of the 9 patterns DiNapoli traders use. The specific values in this study have been researched and used for more than 20 years. This indicator is applicable to any liquid market, from equities and futures to Forex. Although its use has broad market applicability, it is particularly useful for trading the intraday E-Minis or the NASDAQ.

Access how-to-use information on the DiNapoli Indicators.

"FREE! KasePivot

FREE! Teresa Lo's PowerSwings Indicator EOD

The Teresa Lo's PowerSwings Indicator EOD offers a simple yet highly effective visual tool that allows traders to instantly gather critical information from a chart -- from the identification of support and resistance points, to spotting trends and congestion areas, to identifying classic technical patterns. Bar-based swings can be used on any time frame for any instrument.

Use the Teresa Lo's PowerSwings Indicator to:

• Identify pivots, major support and resistance points where price reverses to form swing highs and swing lows
• Identify trends based on the relationship between successive upswings, downswings and the location of the swing highs and swing lows
• Identify and differentially diagnose congestion patterns in order to avoid choppy markets
• Identify and differentially diagnose retracement patterns and tests based on the relative positions of the swing pivots in order to enter and exit in a timely fashion

A color bar study colors up, down, inside and outside bars green / red / yellow / blue. These bars can then be used to tee up certain trade setups.

For more information, read an article about this free indicator or access documentation on the PowerSwings Indicator.

Back to Top