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Number of IPOs per Day - Trading Composite

by Caleb, 2270 days ago
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Yesterday, I have uploaded a trading item that downloads IPO Pricings historical data for the U.S. Stock Market. The item gets the IPO date, the initial price and the number of shares issued by the company. The data is stored in a custom database and it is used by this composite to create the number of IPOs per Day Index.

By reading the IPO Pricings database and summing the result of each ticker symbol, I was able to create a composite item that calculates the number of IPOs per trading day. The composite creates a new symbol "_IPO_NUMBER". This symbol's data can be used to display IPO numbers over time or to create market rules.

IPO data can be downloaded here IPO Pricings - Recent and Historical. Once the download is complete, you can calculate this composite to get the Number of IPOs by date Index.
It is important that you download historical EOD data for all U.S. stocks. You can get delisted data using the following item: Historical Quotes for Delisted US Stocks.

Besides the IPO Pricings data, the composite also requires a custom function. This function gets "1" on the first trading bar of a new publicly traded company. This value will then be used by the composite to create the number of IPOs by date symbol.
To create the indicator, select "Tools" then "Create Functions". Add a new function and name it "FirstVal".
Type this formula:
VectorR r = cFunctions.GetCustomDatabaseRawData("ipo_pricings", "price", cFunctions.Symbol);
if(r.Length > 0)
{
int daysDiff = (int)Math.Abs(r.GetDate(0).Subtract(cFunctions.Date[0]).Days);
if(daysDiff < 5)
{
result[0] = daysDiff;
}
}




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Type: Composite Index

Object ID: 769


Country:
United States

Market: Stock Market

Style:
Fundamental Analysis

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