My WaveTracker

WaveTracker Parameters

 Upon startup, WaveTracker will look up the symbol for the security on your chart and obtain parameters for that security from the symbol data base at
www.tic2tic.com. These parameters include:

 
1. Time Open -- opening time for the day session (GMT)

 2. Time Close -- closing time for the day session (GMT)

 3. Time Globex Open -- opening time for the evening session (GMT)

 4. Time Globex Close -- closing time for the evening session (GMT)

 5. Time Sunday Open -- opening time for the evening session on Sundays (GMT)

 6. Tick Size --    specified in decimal (e.g. .25 for S&P EMini, .01 for stocks)

 7. Tolerance --  expressed in ticks, is the number of ticks tolerated through an AWE pattern D point before the AWE pattern
                           is considered to have failed. For example, we define AWE pattern failure in the S&P EMini (symbol
ES) as two ticks
                           through the target
D point. Therefore, we tolerate one tick through the taret D point; hence, the tolerance is set to 1.

 8.  Notation --   the display notation if different from tick size. For most symbols, this is left blank. It is required in cases where
                           the symbol displays in one notation and ticks in another. For example, the symbol TY (10-year notes), ticks in 1/64s but
                           display in 32nds. So for TY, tick size = .015625 (1/64), and notation = .03125 (1/32).

 9.  Wave Specifications -- Up to 9 wave specifications, where each specification is expressed as an x-y pair where x = a time frame and y = a wave size.

                           Valid values are:
                                                        x  =  any positive integer (minutes), D  (for daily),  W  (for weekly),  M  (for monthly), T (for tick)
                                                        y =  any positive integer (ticks)

                           Examples:
                                                       
5-12       = for a 5 minute chart the minimum wave size is 12 ticks
                                                       
W-320   = for a weekly chart the minimum wave size is 320 ticks
                                                      
 355T-6  = for a 355 tick chart the minimum wave size is 6 ticks

System Symbols

     We have pre-defined defaults for most futures symbols traded on the American futures exchanges. You may want to override some of the
pre-defined defaults. For example, if you want fewer waves on your 5 minute chart then you might increase the minimum number of ticks
required for a wave on the 5 minute chart. You '
override' one of our pre-defined system symbols by simply creating a user symbol that contains your own
custom specifications.

User Symbols

   Each WaveTracker user may create
user symbols that override the defaults for the corresponding system symbols. If a user symbol exists in the data
base for a particular user, then WaveTracker will use the
user symbol in place of the system symbol. Within MyWaveTracker, there is a link Show User
Symbols
that will show you all user symbols you may have defined. User symbols should also be defined when you are loading WaveTracker on a symbol
that is not defined in the database (no
system symbol exists).

         
Creating your own User Symbol from a System Symbol

              1. From the
MyWaveTracker page, select Manage Symbols.
              2. Select
Show System Symbols
              3. Select the symbol you want to create a user symbol for (left click on the symbol id)
              4. Edit the parameters you want to change
              5. Click on
Create User Symbol

         
Editing a User Symbol

              1. From the
MyWaveTracker page, select Manage Symbols.
              2. Select
Show User Symbols
              3. Select the symbol you want to edit (left click on the symbol id)
              4. Edit the parameters you want to change
              5. Click on
Create User Symbol

              You can use the link
Delete User Symbol to delete a  user symbols that you have defined.

        
 Creating your own User Symbol from scratch

              If you are trading a symbol that is not defined in our database, then WaveTracker will do its best to estimate the parameters to use for tick size,
tolerance and wave size. You can see these parameters by looking at the
formula output window in eSignal as soon as WaveTracker loads (from the
eSignal menu bar, select
tools\efs\formula output window). We highly recommend that you define your own user symbols for those symbols that you are
trading that are not defined in our database. To create a user symbol from scratch, simply:

              1. From the
MyWaveTracker page, select Manage Symbols.
              2. Select
Enter Symbol
              3. Fill in the parameters for the symbol
              4. Click on
Create User Symbol


         
Loading a symbol that does not exist in the database

            
A symbol does not exist in the database if there does not exist either a system symbol or a user symbol. If you load a symbol that does not exist in
the database, then WaveTracker will do its best to estimate the parameters to use for tick size, tolerance and wave size.


         
Using Edit Studies to set parameters

               You can also use the eSignal
Edit Studies menu option to define the key parameters for tick size, tolerance, minimum wave size, and session
start and end times. To use
Edit Studies right click on the chart and select Edit Studies.Then select WaveTracker from the drop down menu
list at the top of the
Study Properties dialog box. You will then see the Formula parameters you can change, including tick size, tolerance, wave size, and
start and end times.

        
  Order of Precedence for Symbol Parameters

 
          From the above paragraphs, you know that key WaveTracker parameters can come from:

                       1. eSignal
Edit Studies
                       2. MyWaveTracker User Symbol
                       3. MyWaveTracker System Symbol
                       4. Assigned by WaveTracker

           The above order is also the order of precedence that WaveTracker uses.
Edit Studies takes first precedence. Then, if the user has created one,
the MyWaveTracker
user symbol. If the user has not created a user symbol, then WaveTracker will use the MyWaveTracker system symbol. If no
MyWaveTracker
system symbol exists, then WaveTracker will do its best to estimate the parameters to use for tick size, tolerance and wave size.

         
  Where are the parameters coming from?

           
 To verify where WaveTracker is getting the key parameters, you can view their values and origins by looking at the formula output window in
eSignal as soon as WaveTracker loads (from the eSignal menu bar, select
tools\efs\formula output window). You will then see a display like the following:

     Parameters are:
        MinWvSz   Tolerance   TickSz    Open (GMT)  Close (GMT)
        -------   ---------   ------    ----------  -----------
        1.50 (W)  0.25 (W)    0.25 (W)  13:30 (W)   20:15 (W)

        origins: W=web  E=edit studies  A=assigned by WaveTracker
  

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