Here is my latest eSignal(TM) layout for those interested. I have been tweaking my layout a bit.
From left to right I have the following charts:
1) YM 15 minute chart, which I will switch to 5 minute to gain a different perspective, mostly used to spot 15 minute support/resistance levels and the general trend
2) YM 3 minute chart. My number 2 chart I use to look for hammers, stars (a cande with long upper shadow at end of a run-up) and price level support/resistance and trends/trend breaks. 3 minute Bollinger Bands also very useful on chop days to play fades of extremes
3) YM 89T chart, to spot extremes and overbought/oversold
4) YM 50T chart, my primary workhorse chart, this is where I slap most of my fibs and trend lines and have all the price studies with support/resistance. I look for trends, trend breaks, Heikin Ashi candle color cycling, etc.
5) $TRIN looking for trend slopes, down slope bullish, up slope bearish, not highly reliable
6) Advancers/Decliners: an important part of our FILTERS, in general positive is bullish and negative is bearish, although more advanced analysis can be applied such as bracketing, range breaks, trends
7) $TICK - important one, bracketing the tick range and analyzing the overbought/oversold conditions helps on entries or fading the chop extremes 7 period RSI works well with it
8) YM time and sales prints (no bids or asks, only the actual trades)
9) YM time and sales prints 10+ contract prints shown only
10) ES time and sales prints (no bids or asks, only the actual trades)
11) ES time and sales prints 25+ contract prints shown only
12) ES 3 minute chart, mostly looking for price levels and support/resistance
13) ES 50T chart (will switch to 89T, 155T or 233T sometimes), looking for short term trends and extremes
14) Program buying/selling When the premium gets extended one way or the other, the alerts will fire off. I use our PureTick.Com indicator to automate the alerts. You may get it for free here:
http://puretick.com/BB2/viewtopic.php?t=72
What Settings Should I Use?
For the most part, you may use all standard settings for all charts and indicators. I use 24 hour charts for all of my charts.
1) Personally, I use a 7 period RSI on the $TICK chart.
2) I use 15(3),5 Stochastics on all charts, although the standard stochastics are fine and that is what Alex and Caj use, I believe.
3) Any charts which have linear regression channels have two channels with the following settings:
a) 100 period 2 standard deviations
b) 50 period 2 standard deviations
4) Any charts that have blue and red candles on them are the Heikein Ashi method (a modified Japanese candlestick chart) study which I got for free from the file share section of eSignal(TM). In general, you are looking for trend changes with the candle color cycling from one color to another for possible signals. I use the standard study settings for the free study and did not do any modifications to it.
5) On many of my charts I am using a free pivot study (programmed by Chris Kryza, this is a really well-done study).
6) On many of my charts, I am using a gap levels/24 hour session high-low/15min range price support/resistance study that I programmed myself for eSignal(TM) which I will be posting some time in the near future to our free files section once I am sure it is robust enough.
7) I use the 5/15 sma on my 3 minute charts but do not follow them religiously
8) I have color coded my Time and Sales prints as follows:
Trade Above Ask: Green Background/Black Text
Trade At Ask: Cyan Background/Black Text
Trade Between Bid/Ask: Yellow Background/Black Text
Trade At Bid: Orange Background/Black Text
Trade Below Bid: Red Background/Black Text
New Highs: Green Background/White Text
New Lows: Red Background/White Text
9) It is important to observe the volume bars relative to one another on the minute charts, especially the 3 min chart. I have slapped on a standard OBV indicator (on-balance volume) as an aid for volume analysis (white dash-dot).