esignal Formula Script (EFS) Tutorial Series

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1 esignal Formula Script (EFS) Tutorial Series INTRODUCTORY TUTORIAL 1 EFS Basics and Tools Summary: This tutorial introduces the available tools for EFS development. This tutorial also details the basic structure of EFS formulas and how the advanced chart triggers formula execution. Tutorial Conventions: The tutorial series will cover the EFS extensions in depth. In the process of doing so, we will also be discussing core JavaScript topics. It s not possible to discuss EFS without the use of the core functionality of the JavaScript language, which is the foundation for EFS. Therefore, in order to help you distinguish between EFS extensions, and core JavaScript items mentioned throughout the text, we ve applied the following color scheme. EFS extensions will be highlighted in bold blue font. Core JavaScript items will appear in bold red font. Anything that appears in blue or red can also be found in the reference materials in the EFS KnowledgeBase. User-defined code will be highlighted in black, bold font. These items are not EFS or core JavaScript defined names. They are names of functions, variables, etc. that are created by the end user that are unique to a specific formula s code. Topic List: 1. What is EFS? 2. EFS Tools 3. Lifetime of a Formula 4. EFS Formula Execution 5. Basic Structure of EFS Formulas 1

2 1.1 What is EFS? EFS, esignal s formula scripting language, is an extended version of JavaScript 1.5. In addition to the core functionality of JavaScript 1.5, we ve added custom extensions, or custom functions that give the user specific control over the esignal Advanced Charts. These extensions allow users to access the chart data and develop custom indicators and trading strategies. 1.2 EFS Tools The following section outlines the available EFS Tools that can be found in the Tools EFS menu in the esignal application EFS Editor The EFS Editor is a basic text editor used for developing EFS formulas. The Formula icon creates a new blank formula. The Open Formula icon opens a file management browser containing the folders from the Formula Root folder set in Tools EFS Settings. The default Formula Root is set to your \esignal\formulas\ folder. You may also use the Ctrl+O keyboard shortcut as an alternative. The Save Formula icon saves the current formula. You may also use the Ctrl+S keyboard shortcut as an alternative. If you have not previously saved the formula with a specified name, you will be prompted to do so. The Save Formula As icon opens a file management browser with the option to save the formula to a specific location with your desired file name. The Cut icon will remove a selected block of code and place it in your clip board for pasting at another location. You may also use the Ctrl+X keyboard shortcut as an alternative. 2

3 The Copy icon will copy a selected block of code and place it in your clip board for pasting at another location. You may also use the Ctrl+C keyboard shortcut as an alternative. The Paste icon will paste the current information in your clip board to the location of your cursor or will overwrite a selected block of code. You may also use the Ctrl+V keyboard shortcut as an alternative. The Undo icon will undo the last action performed in the EFS Editor. You may also use the Alt+Backspace keyboard shortcut as an alternative. The Redo icon will redo the most recent action that was undone with the Undo command. The Find icon opens up a dialog window that will allow you to search your code for a specified word or expression. The Find Next icon will find the next instance of the search word or phrase last used. The Replace icon opens up a dialog window that will allow you to search your code for a specified word or expression and replace it with another. The Print icon will send your formula code to your default printer. You may also use the Ctrl+P keyboard shortcut as an alternative. The Properties icon open a properties window that will allow you to customize the Colors, Font, set the Tab width and turn on or off the available Editor features. The Syntax Check icon performs a syntax check on the formula code and outputs any syntax errors to the Formula Output Window. The Function Toolbox icon opens up a window that contains the EFS references with descriptions of each available parameter. You may also use this window to set the parameters for an EFS function and then insert it directly to your code at the location of your cursor. The Help icon opens up the developer s reference window. The Protected Formula icon does not perform any action. If you are editing an encrypted formula the icon will appear depressed ( formula is protected with Basic Encryption. ) to indicate that the 3

4 1.2.2 EFS Formula Wizard The EFS Formula Wizard is a basic tool for beginners that have limited programming abilities or do not wish to code EFS formulas from scratch. The Formula Wizard allows you to create basic EFS formulas by making selections from a graphical user interface. To learn more about how to use the Formula Wizard, please read the Formula Wizard Guide. Please note that only formulas created by the Formula Wizard may be opened by the Formula Wizard. Once a Formula Wizard generated formula has been manually modified through the EFS Editor, it cannot be opened by the Formula Wizard. 4

5 1.2.3 Encryption / Decryption Third party developers that wish to resell proprietary EFS formulas may protect the code using the EFS encryption tool. The Basic encryption method is compatible with all versions of esignal and the file may be reopened with a password. The Enhanced encryption method creates a separate encrypted copy of the source code file and cannot be reopened. The Enhanced method is only compatible with versions 7.9 and later. 5

6 1.2.4 Alert List The Alert List stores EFS alerts generated by the EFS Alert Object. The Alert List window can be opened manually to change settings, view, or clear the list. To access the available options, right-click on the Alert List window EFS Performance Monitor The EFS Performance Monitor is primarily used by advanced developers that need to measure for performance improvements during the development process. This tool lists all the EFS formulas running in the active page or layout and their specific user-defined functions that get executed. This tool also lists the total number of times the functions are executed, the total time and average time per execution. Please make note that the time is measured in milliseconds. Therefore, one second is equal to 1000 milliseconds. In the image below the average time for the customdonchian.efs is less that 1 millisecond, or 1/1000 of a second. Also note that these numbers will vary between machines that have different specifications. Comparing these numbers between two different machines is not a useful comparison. Novice users often get caught up in comparing miniscule differences in these numbers between formulas or modifications to a single formula. To avoid this problem, remember to convert the numbers back to seconds to help give you a more comprehendible picture of the difference in performance. Differences of 0.5 milliseconds or less in average time (or 500 ms in total time) are insignificant for general EFS development. 6

7 1.2.6 Formula Output Window The Formula Output Window is used by EFS to display syntax error information or formula errors that may occur. This window also is used in conjunction with the Syntax Check ( ) feature in the EFS Editor. The results of the syntax check will be printed to this window. During the debugging process of EFS formula development, the results from the EFS debugging functions, debugprint() and debugprintln(), will also appear in this window. EFS debugging will be covered in depth later in the tutorial series. To clear the information in the Formula Output Window, right-click on the window and select Clear Settings The EFS Settings window allows you to control a few aspects of how the formulas perform. Memory Settings: The Heap and Stack settings are used to allocate the amount of memory the formula engine uses. These are advanced settings and should not be changed unless you have expert knowledge of these memory allocations. Novice users will not generally need to modify these settings. Root Settings: The root settings are used to set the default directory paths used for your EFS formulas menu (Formula Root), formula output (Formula Output Root) for File Input/Output routines and audio files (Sound Files Root) for alerts. 7

8 Performance Settings: There are also several performance settings available to help increase the efficiency of your formula execution and reduce the CPU processing load. The first option allows you to force all formulas to compute on close of each bar rather than tick-by-tick. Enabling the EFS Performance Monitor allows for the collection of processing information related to specific formulas and EFS functions currently running in your page or layout. Disabling the debugprint() and debugprintln() functions is typically used during EFS formula developing for debugging purposes. Any formulas that have these functions active can reduce formula efficiency and increase CPU usage. This option allows you to quickly disable those functions without having to modify the formula code. 8

9 1.2.8 Auto Updates The EFS Auto Updates tool is used in conjunction with the checkversion() function by third party developers as a method to alert their users of updated versions of proprietary formulas. You can set the frequency in which EFS will check for new versions. 1.3 Lifetime of a Formula The lifetime of a formula will exist from the time the formula is applied to an Advanced Chart until one of the following events occurs. The formula is manually reloaded using the reload feature form the Chart Options menu or the Advanced Chart s right-click menu. The formula is removed using the remove formula feature form the Chart Options menu or the Advanced Chart s right-click menu. The formula parameters are changed in the Edit Studies feature from the Chart Options or right-click menu. Whenever you change a formula s parameters, the initial formula destructs and a new formula is created that reflects your Edit Studies changes. A manual refresh of the chart is triggered by holding down the control key (Ctrl) and clicking on the server status label at the top of the cursor window. The Advanced Chart running the formula is closed. The esignal is shut down. 1.4 EFS Formula Execution When an EFS formula is applied to an Advanced Chart, the formula processes the bar data starting with the oldest bar in the chart. The formula will execute once for each historical bar until it reaches the right-most bar, or current bar. This completes the initial loading of the formula. At this point, the formula is in streaming mode, or real time mode, where each trade or update to the chart will generate an execution of the formula. 9

10 1.5 Basic Structure of EFS Formulas There are two user-defined functions that need to be used within an EFS formula, premain() and main(). A user-defined function is simply a function that is explicitly coded into the formula like in figure 1 below. The EFS engine is designed to make calls to these two functions. The premain() function is called only once, which occurs first when a formula is applied for the first time or the formula is reloaded. The premain() function is primarily used for setting up all of the formatting and properties for the formula, such as the study title, cursor label names, colors, and the type of formula (i.e. price study or non-price study). The EFS engine then calls main() once for each of the remaining historical bars starting from the oldest to the newest bar in the chart. When the formula reaches the most current bar, main() will be called every time the Advanced chart receives a new trade. Figure 1 is an example of the bear bones structure of an EFS formula. One common pitfall to point out here is that the function names are case sensitive. For example, the function name, premain(), is not the same as, premain(). The EFS engine will only recognize premain(). Therefore, if you left the m as lowercase, the chart and your formula would not be formatted according to the settings you specified. Likewise, if you used, Main(), instead of main(), none of your code in Main() would be executed because the EFS engine is looking for a function named main() with a lower case m. What s Next? In the next tutorial, Introductory Tutorial 2 Commonly Used Core JavaScript, we will introduce some of the core JavaScript methods and routines that are most commonly used in EFS formula development. We will also cover the basics for JavaScript syntax, as well as a few tips to help you avoid common coding errors and improve the efficiency of your code structure. 10

esignal Formula Script (EFS) Tutorial Series

esignal Formula Script (EFS) Tutorial Series esignal Formula Script (EFS) Tutorial Series INTRODUCTORY TUTORIAL 3 Introduction to premain() and main() Summary: This tutorial introduces the specific purpose and usage of the premain() and main() user-defined

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