The following indicator calculates the percentage change between the actual and forecasted economic event.
As an example, let us say you want to calculate the percentage change of the actual vs estimate numbers for the USD consumer Credit and then see its impact on the underlying currency pair.
You can do so...
No notes
|
Indicator
Advanced
|
|
|
The idea behind the volatility quality index is to discern bad and good volatility in order to create a better volatility indicator that can identify better trade opportunities.
This trading indicator is based on the true range and it is calculated using the latter indicator plus the open, close, high and...
No notes
|
Indicator
Medium
|
|
|
The VIX symbol stands for the Chicago Board Options Exchange Volatility Index and it is a measure of the S&P500 stock index options that have a maturity of 30 days. In other words, it measures the expected market volatility for the next 30 days and this is why it is...
No notes
|
Pivot Table
Medium
|
|
|
Standard deviation is a well-known measure of volatility of an investment or an asset. The volatility measures the dispersion of a set of data from its mean, it does not tell us about the direction of the market or the asset.
The volatility of a stock is calculated by taking...
No notes
|
Composite
Medium
|
|
|
In order to reduce your investment risk you have to diversify. The problem is that many traders do not know how to put the diversification concept into practice. How do we know the number of stocks to invest in and the percentage of equity to put in each one of...
No notes
|
Money Manag.
Medium
|
|
|
Known as Dr. Doom, because he is always pessimistic regarding the market and economy, Nouriel Roubini is an American professor of economics at Stern School of Business. He is born is 1959 and is also the chairman of an economic consultancy firm: Roubini Global Economics.
In an interesting post at insidermonkey.com,...
No notes
|
Downloader
Medium
|
|
|
Currently there are more than 1480 Foreign Institutional Investors registered to the Securities & Exchange Board of India, SEBI, an organization whose role is to regulate the stock market in India. The SEBI is the Indian equivalent of the SEC or Securities Exchange Commission in the United States of America.
An...
No notes
|
Downloader
Medium
|
|
|
Investopedia defines oversold as
1. A condition in which the price of an underlying asset has fallen sharply, and to a level below which its true value resides. This condition is usually a result of market overreaction or panic selling.
2. A situation in technical analysis where the price of an asset...
No notes
|
Watch List
Medium
|
|
|
A collar is an options strategy that combines three positions. The options trader can establish a collar strategy by buying shares of a stock then buying a put option and selling (writing) a call option on that stock. The trader should purchase one put and write one call for every...
No notes
|
Downloader
Advanced
|
|
|
Here is a UK economic data item that downloads economic time series from the Office for National Statistics website.
It can be used to download almost any economic indicator for the United Kingdom economy.
Currently it is set to download the Average Earnings Index for the whole UK economy. The Average Earnings...
No notes
|
Downloader
Medium
|
|
|
This indicator plots candlesticks with four different colors instead of two.
The buit-in "PlotCandleStick" function plots a Red bar (or any other color defined in the settings) if the bar's close is lower than the bar's open. It plots a Green bar if the bar's close is higher than the...
No notes
|
Indicator
Medium
|
|
|
The bulls and bears strategy is based on the bull and bear power indicators.
This long/short strategy goes long when the following conditions are met:
- Security increased for at least three consecutive bars (bullish)
- The bull power indicator is increasing and its value is positive
...
No notes
|
Trading System
Medium
|
|
|
The Trade Weighted Index or Trade Weighted Exchange Index is an economic indicator used to compare an exchange rate again several other exchange rates. A country calculates the Trade Weighted Index by weighting exchange rates of its major trading partners. Each trading partner's currency weight is equal to its share...
No notes
|
Downloader
Medium
|
|
|
The Ratio of open-close to high-low range is a simple technical analysis indicator that uses the four basic elements of a bar candle (Close, open, high and low).
The open-close range is computed by taking the absolute value of the difference between the open price and close price, while the...
No notes
|
Indicator
Medium
|
|
|
The Relative Vigor Index or RVI has two lines, the RVI line and RVI Signal line.
This function takes the cycle period as argument and returns the indicator Signal line. The RVI line can be downloaded here: 251.
The function name is "relative_vigor_index_signal"....
No notes
|
Indicator
Medium
|
|
|
This function creates a chart with different plots usefull for asset allocation / rotation systems as an update to 1005 :
1. Pane: Relative performance of assets indexed dynamically to first visible date on chart, e.g. changes when scrolling chart
2. Pane: Trend indicator of different assets based on custom indicator and...
No notes
|
Indicator
Medium
|
|
|
Megan ratio is a performance metric that can be used to assess and compare different trading system results. Megan ratio was introduced in an article in the Stock and Commodities magazine by Oscar G. Cagigas and it stands for maximum exponential growth annualized.
This money management script calculates the Megan ratio...
No notes
|
Money Manag.
Advanced
|
|
|
This is the Zweig Indicator. You can change the percentage values or optimize them based on the market you are looking at. For US stock markets, 4% seem to work.
After a buy signal, generate the next sell signal upon a 4% or greater decline from...
No notes
|
Indicator
Medium
|
|
|
An increase in volume can be detected in several ways. For example, you can calculate the ratio of the total volume in the last five bars to the volume of the last 50 days. The higher the ratio is the higher the increase of the volume during the last days.
Here...
No notes
|
Screen
Medium
|
|
|
The maximum drawdown is a popular measure of the maximum amount an investor can expect to lose. It is used as a measure of riskiness of a trading strategy.
Another measure of a trading strategy's riskiness is the Time under Water.
The Time under water is derived from the calculation of...
No notes
|
Rule Metrics
Advanced
|
|
|
This pivot table displays the number of stocks for each industry.
Each industry is displayed in a row and a second column "Count" would display the number of stocks that belong to each industry.
You would need to update the industry field of each stock first. You can let QuantShare do that...
No notes
|
Pivot Table
Medium
|
|
|
The Hong Kong Stock Exchange is the stock exchange of Hong Kong. It is owned by the Hong Kong Exchanges and Clearing Limited and it lists more than one thousand companies. The Hong Kong Stock Exchange or HKEX, is the Asia's third largest stock exchange (based on market capitalization) just...
No notes
|
Symbols
Medium
|
|
|
The majority of technical trading indicators use the rate of change of security prices in their calculation. The Relative Volatility Indicator or RVI, uses a different time-series, it uses the volatility trend, which is calculated using the standard deviation of the security close price, to measure and evaluate market strength.
The...
No notes
|
Indicator
Medium
|
|
|
In Abu Dhabi, United Arab Emirates, stocks are traded on the ADX or Abu Dhabi Securities Exchange. Formerly known as Abu Dhabi Securities Market (ADSM), the ADX is a place where investors can trade shares of UAE based companies. Despite an increasing in activity in recent years, the exchange has...
No notes
|
Downloader
Medium
|
|
|
For a reliable trading system this score must be > 1.68. You can use it with any of your trading system during back testing to see how good your strategy is.
This script is based on an Advanced Momey Management and to use it, after downloading, follow the steps given below:
Simulation/backtesting...
No notes
|
Money Manag.
Medium
|
|
|
As with the 463 item, this downloader gets historical end-of-day data for several markets from Yahoo finance website.
In addition to that, it will also create a custom database "adjust" and store in that database, the adjustment ratio as well as the unadjusted close.
The adjustment ratio will be stored under the...
No notes
|
Downloader
Medium
|
|
|
I had the QuantShare development team build this advanced money management (AMM) script to allow testing of several advanced rebalancing options triggered when a new buy signal is received but insufficient margin is available to take the new position.
When a new buy signal is received and insufficient margin is...
No notes
|
Money Manag.
Advanced
|
|
|
In the November 2002 issue of the Stocks and Commodities magazine, John Ehlers wrote an article "Using the Fisher Transform" and introduced a technical analysis indicator called the Fisher Transform or Fish.
Fisher Transform indicator is used to identify price reversals and is based on the assumption that prices behave like...
No notes
|
Indicator
Medium
|
|
|
Fixed dollar amount, or fixed cash amount, position sizing is a money management technique that lets you allocate exactly the same amount of money for each trade you enter. Regardless of the stock, its price or its volatility, the number of shares for each new trade is calculated based on...
No notes
|
Money Manag.
Medium
|
|
|
Body Momentum is a trading indicator described in Perry Kaufman's book. It is an oscillator that moves between 0 and 100 and calculates the percentage of bars that closed above the open price (white/green candle) during a specific period.
A period of 10 and a value of 100 for the body...
No notes
|
Indicator
Basic
|
|
|
This function tells you whether a stock is optionable or not. That is, if a stock has options trading on a market exchange.
Due to exchange requirements such as minimum outstanding shares, minimum share price and other rules, not all stocks has options listed.
This function, whose name is "IsOptionable", requires that...
No notes
|
Indicator
Medium
|
|
|
The current downloader gets one-minute intraday data for Brent Oil and Crude Oil rolling futures contracts.
The data retrieved by this item covers approximately the last nine trading days. You will get one-minute bar data; you can then convert it to any time frame (5 minutes, 10 minutes, one-hour...) when displaying...
No notes
|
Downloader
Medium
|
|
|
Based on the Chaos Theory, the Fractal Market Hypothesis is an alternative to the Efficient Market Hypothesis. It assumes that each trader may interpret trading information in different ways and at different times (The Efficient Market Hypothesis assumes that all information is reflected in prices), that investors are not rational...
No notes
|
Indicator
Medium
|
|
|
This is a simple tactical asset allocation strategy (TAA strategy) based just on the relative strength indicator.
The strategy invests in 10 ETFs:
EDV (Vanguard Extended Duration ETF)
EEM (iShares MSCI Emerging Markets Index (ETF))
...
No notes
|
Trading System
Medium
|
|
|
This System for Tactical Asset Allocation is inspired by a system of Markos Katsanos published in his book "Intermarket Trading Strategies".
Following aspects of Asset Selection from a wide array of ETFs and its Timing are considered:
-An ETF is selected when the ROC of the MA is positive
-The Regression Slope...
No notes
|
Trading System
Medium
Private
|
|
|
This function computes the correlation of daily returns of a stock to the daily returns of a portfolio of stocks.
If we hold a portfolio of AAPL and IBM and we want to check the correlation of GE to our portfolio for the past 100 days, we would use:
corel=CorellationToPortfolio("GE","AAPL,IBM",100);...
No notes
|
Indicator
Advanced
|
|
|
This item downloads historical EOD (end of day) quotes for companies listed in the ASX or the Australian securities exchange.
The data is downloaded from the following website: float.com.au. A small pre-script is applied to remove lines where the prices are set to zero. This happen sometimes with some tickers and...
No notes
|
Downloader
Medium
|
|
|
A.K.A. Very Long Term (VLT) Momentum indicator (using monthly timeframes)
Named for Edwin Sedgewick Coppock - this indicator was developed as a way to find the upturns from major stock market bottoms.
He based his settings on how long it takes a person to grieve, and to get over the...
No notes
|
Indicator
Basic
|
|
|
The price display indicator shows the price level of the selected bar or the last bar if no bar is selected.
This indicator displays also the one-bar return of the active security. The price and return are displayed in green when the price increases and in red when the price decreases.
You...
No notes
|
Indicator
Basic
|
|
|
The strategy consists of buying additional shares of a stock at a lower price than the first entry price.
It is similar to the "Averaging Down" MM Script but it is specifically built to work with the Connors_Alvarez MDD/MDU strategy.
The script goes through your open positions and if any current price...
No notes
|
Money Manag.
Medium
|
|
|
Sort objects
Subscribe to trading items feed
