The percentage of stocks trading above their pivot point is a breadth indicator that measures the overall market sentiment.
It calculates the total number of stocks trading above their tomorrow's pivot point level and divides that value by the number of stocks trading below their tomorrow's pivot point level.
The formula of...
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Composite
Medium
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This scanner analyzes your securities looking for the set up that will allow you to trade the pivot point breakout system explained below.
Criteria:
- Security closed below the pivot point level of tomorrow
- Range between S1 and S2 is higher than 2% ...
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Screen
Medium
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The Stock Market Momentum Indicator is a proprietary stock market indicator created by the Commodity Research Bureau (crb). It is mainly used to determine the general direction of the market. Based on S&P 500 stock prices, this indicator analyzes some stocks and calculates the ratio of the percentage of those...
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Downloader
Medium
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The S&P 500 - 10-bar moving average return is a market indicator that calculates, each trading day, the 10-bar moving average of each stock that composes the S&P 500 Index. The 10-bar return is then computed for each MA and the results are averaged.
The composite name is "_S&P500_AVGMA". It is...
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Composite
Medium
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This object allows you to highlight an area in your trading chart. After you download it and add it to the bookmark panel, double click on "HighlightArea" button and click twice on a chart. Before the first click, select the beginning of the area of the chart you would like...
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Drawing Tool
Medium
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Take all Netfonds downloads. Using Name2. Name3 is used as filter holding "netfonds"...
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Downloader
Medium
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This list of symbols contains 419 Danish ETF%u2019s from the Copenhagen stock exchange. The list was created April 2012.
The list contains ticker names in the field Name, Yahoo ticker names in field Name1 and Netfonds ticker names in field Name2. Field Name3 holds the preferred data supplier and can be...
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Symbols
Medium
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This list of symbols contains 186 Danish stocks from the Copenhagen stock exchange. The list was created April 2012.
The Danish stocks are indexed into the following groups: OMXC20, Large Cap, Mid Cap and Small Cap. The Index field in the list uses the following names:
OMXC20, OMX LARGE-CAP, OMX MID-CAP and...
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Symbols
Medium
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With this trading system template, you will be able to test your strategy with different position sizing techniques quickly and effectively. By using this template to build your trading system then by clicking on the optimize button, QuantShare will backtest your strategy five times, each time using a different position...
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Trading System
Medium
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If - while swing-trading - you want to buy e.g. when a higher swing high occurs after a higher swing low then you could set up your trading system as follows:
buy = sp(10, -1) > 0 && sp(10, 0) > sp(10, 2) && sp(10,1) > sp(10,3);
What does it mean?
...
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Indicator
Medium
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This market indicator returns the number of stocks upgraded by analysts minus the number of stocks downgraded. A stock upgrade occurs when an analyst increases the investment rating of a company. An upgrade often happens when the company financials and fundamentals show improvements.
Analyst downgrades or upgrades data is retrieved using...
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Composite
Medium
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A large stock price movement after a consolidation may signal a new bullish or bearish trend.
This screen search for stocks that made large price and volume gains after a short period of consolidation.
Large price gain is signaled when the price increases more than 5% and large volume gain is signaled...
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Screen
Medium
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I bet most or all of your trading systems use the same order types to buy and short securities. My strategies also use single order type logic to enter all positions.
Here is a money management script that updates the default order type depending on a trading rule. The script transforms...
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Money Manag.
Medium
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This Generic Trading System Template can be used as a starting point for your own trading system developments. It includes all the simulator settings that can be parameterized as well as examples for ranking, optimization, stop-setting, entry/exit rules and limits.
The template is grouped into settings that are likely to get...
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Trading System
Medium
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Cumulative sum or running total of a technical indicator refers to the algebraic sum of all previous values of this technical indicator.
The Cumulative sum formula is as follows:
A = B + C * previous value of A ...
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Indicator
Medium
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The Swing Trading Indicator (STI) is designed to calculate the last swing point that occurred on or before each bar.
A swingpoint is defined as a local high or low for a certain minimum number of bars. You can define this minimum number through parameter, standard is set to 5 bars.
Note...
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Indicator
Medium
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There are two ways to download EOD quotes. Downloading data by symbol (one request for each symbol) or downloading data by date (one request for each trading day).
If you are downloading data for few stocks, the first solution should be more appropriate for you. However, if like me you are...
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Downloader
Medium
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When you set up a trailing stop for your strategy, you have the ability to define a fixed threshold or a variable one that depends on a custom formula. However, you cannot specify a trailing stop level that depends on the position or trade settings (Example: position return, number of...
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Money Manag.
Medium
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This item downloads a measure for U.S. stocks that tells you how likely a company is to achieve its financial goals.
Quantitative research based on public companies financial statements is conducted in order to grade each stock on its ability to achieve the most important goal, which is to maximize returns...
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Downloader
Medium
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This is the smoothed intermediate oscillator framework designed to complement the DVO. It was also designed to be flexible for use in adaptive systems. The current DVI is a combination of two different indicators: 1) DVIM- DVI Magnitude which measures the distance price has travelled over multiple intermediate time frames...
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Indicator
Medium
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DV Bounded (DVB) - The DV Bounded is also known otherwise as the "DV2" and was created by David Varadi to capture the normalized relative close. The "DV2" version of the DV Bounded represents the 2-period average of the relative close to the high-to-low range. The "bounded" portion represents the...
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Indicator
Medium
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Sometimes one wants to review/evaluate a certain stop loss by assessing its distances from the last bar in ATR multiples (Average true range). That is what this drawing tool was created for.
When using it, it draws lines for each ATR multiple. So one can see, how much is the distance...
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Drawing Tool
Medium
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Using the pivot table tool of QuantShare, I have created a table that shows the average daily return of a security per month and per year. The table displays years as rows and months as columns and calculates the average daily return for every cell (year/month). The daily return is...
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Pivot Table
Medium
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This script adds two columns, entry price and exit price, in the "Trade -> Realized trades" table of the simulation report. Entry price refers to the execution price of the buy or short order and the exit price refers to the execution price of the sell or cover order. For...
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Money Manag.
Medium
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This trading system analyzes the crossover of two exponential moving averages (period of 5 and 12) to generate buy and sell signals.
The strategy opens a buy position (market order at open of tomorrow) when the 12-bar moving average crosses above the 5-bar moving average and only if the same crossover...
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Trading System
Medium
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After adding this money management script to your trading system, you will be able to display the benchmark return in the simulation report table and the benchmark time-series in simulation graphs. This allows you to compare your strategy equity or rate of return against a benchmark such as a market...
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Money Manag.
Medium
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The Open ARMS Index, also called Open-10 TRIN or Open Trading Index, is a smoothed version of the Arms Index.
This market breadth indicator uses the advancing/declining issues and the advancing/declining volume to measure the strength of the market.
The Open-10 TRIN is created by the composite plug-in and its formula consists...
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Composite
Medium
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This item scans the market looking for stocks that are advancing while the majority of other stocks in the same industry are declining.
It calculates the number of advancing stocks and subtracts it to the number of declining stocks for each industry. It then takes stocks that belong to industries that...
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Screen
Medium
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This indicator uses the polynomial nonparametric regression mathematical formula to calculate the center of gravity of a moving stock (blue line) and other standard deviations. The amplitudes of these deviations are proportions of the golden number 1.618.
The center of gravity indicator was created by Mostafa Belkhayate....
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Indicator
Basic
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This function implements Thomas DeMark's TD Sequential Indicator. There are many different versions of this indicator with different rules and many nuances. Not all are implemented here. For more detail you should add to the code.
This function accepts two arguments, a number and a string.
TDSequential(0,"") - Returns the count...
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Indicator
Medium
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Standard deviation is often used as a measure to estimate future moves of an asset such as a stock (volatility). Although, price changes do not have a normal distribution, some technical analysts assume that it is the case and use this assumption to predict future price move. If the price...
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Pivot Table
Medium
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The channel drawing tool draws two parallel lines used to mark a trend channel (Another name for channel tool might be trend channel tool).
It works as follows: Draw a line from one low to the next low. A trend line will be drawn, then move the mouse to the upper...
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Drawing Tool
Medium
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The Bollinger bands squeeze is a volatility indicator that tries to determine periods of low or high volatility in a price series. This technical indicator signals only the timing, not the direction of the trade, and for this reason, it must be used in conjunction with other technical or fundamental...
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Indicator
Medium
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Each time you click on a chart, this drawing tool creates new lines that connect the current point to the former ones.
This item was created using the custom drawing tool. You can add it to the bookmark panel, by right clicking on that panel, selecting "Add Shortcut", "Drawing Tool" then...
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Drawing Tool
Medium
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This item creates an equal-weighted index given a basket of assets and a reference date. The close, open, high, low and volume fields of the index or composite are constructed based on the weight of each asset on the reference date.
By default, the reference date is set to the beginning...
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Composite
Medium
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This indicator tells you whether a security is trending up or down based on ten moving averages (instead of just one). This is accomplished by calculating ten moving averages with different periods (20, 40, 60 ..., and 200) and then comparing them with the close price. For each trading bar,...
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Indicator
Medium
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Yesterday, I have shared an indicator called 1080. Today, I am sharing a trading system based on it.
Although, the different backtest reports of this trading system show great results, with an annualized return often higher than 40% and a Sharpe ratio above 0.8, the drawdown is still high and...
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Trading System
Medium
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This function uses the percent rank and moving average indicators in addition to the close, high, and low series to generate an oscillator that is bounded between 0 and 100.
Here is how the calculation of this technical indicator is performed:
First, it calculates the close relatively to the high/low range
Then it...
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Indicator
Medium
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This downloader gets intraday data for more than 200 assets from the currency, index and futures market. The data is available for the last seven trading days and it is downloaded in 5-minutes time frame format.
- Forex:
...
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Downloader
Medium
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While backtesting a portfolio or trading system, trading signals and position sizing rules are defined at startup and cannot be changed or updated dynamically during the backtesting process. The money management tool allows you to create scripts for different events that are executed during the backtesting and therefore it allows...
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Money Manag.
Medium
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