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How to plot the number of stock tweets per day

Updated on 2011-12-10 04:05:54

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This lesson will show you how to plot the number of tweets per day for a particular stock. Tweets data is downloaded from twitter by using the following item: StockTwits. To get currency pairs tweets use Forex Tweets.

Steps:

- Download the above downloader from QuantShare Sharing Server
- In the main menu of QS Trading Software, select "Download" then "Download Manager"
- Select "StockTwits" item then click on "Open Selected Downloader"
- Specify one or several stocks then click on "Start Downloading" (Click 'Yes' when the application prompts you to create a new custom intraday database)
- When the downloading process is completed, close the "Download Manager" control
- Open a new chart and select a stock you have previously used in the downloader
- Create a new pane by right clicking on the chart then selecting "Create new pane"
- In the new pane, click on the first icon to add a new indicator
- Select "Databases / Fields" tab
- Select "stocktwits" database, "title" field then click on "OK"



Notes:

- Make sure that your quotes database is up-to-date.
- The values on the chart above the stock tweets line were plotted by adding the following function: (Right click on the chart then "Edit Formula")

PlotSymbol(a, a, 0, 0, AboveHigh, colorRed, colorRed, PlotSymbolNone);
// a = GetDataCount("stocktwits", "title");



Here is how to increase or decrease the number of tweets to download per stock:

- Select the download item (Download Manager)
- Click on "Update"
- Click on "2 Field(s)" button
- Update the value of "rpp". Set it to a higher value to download more stock tweets.








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Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.