In statistics, the coefficient of determination represents the strength of the relationship or the portion of common variation in two time-series or variables. It is a statistical measure of how well the regression line approximates the real values.
The coefficient of determination or R² is mainly used to analyze how well...
No notes
|
Indicator
Medium
|
|
|
Introduced by John Andersen in a September 1996 article appearing in the 'Stock and Commodities' magazine, Standard Error Bands is an envelope whose bands are obtained by the calculation of the beta and alpha coefficients of linear regression. Standard Error Bands are used to measure the strength of a trend,...
No notes
|
Indicator
Medium
|
|
|
During a non-trending period, the price of an asset usually crosses above and below its moving average several times in a short period. The power of the bulls is almost equal to that of the bears. The more crossovers occurring between the price and the moving average the more the...
No notes
|
Trading System
Medium
|
|
|
The equity symbols function returns the relative value of a group of securities. It gets a list of securities separated by semi-colons.
This indicator (EquitySymbols) can be used for example to calculate the relative performance of a stock against a group of other stocks.
Formula: (Right click on a chart then "Edit...
No notes
|
Indicator
Medium
|
|
|
This function allows you to get the industry name of an external symbol.
As you may know, you can get the industry name of the currently analyzed symbol using the "Industry()" function.
To access the industry of another symbol, download and install this function then type something like:
a = SymbolIndustry("GOOG");
...
No notes
|
Indicator
Advanced
|
|
|
Like the MACD, Relative Strength Index (RSI) and Stochastic, the ADX, Average Directional Movement, is a very popular trading indicator used by stock, FOREX and commodity traders in technical analysis. The ADX is considered to be the best technical indicator by many traders and investors.
It is a momentum indicator, such...
No notes
|
Rules
Medium
|
|
|
This is a trading system based on level breakout. The system detects the levels of the last peaks and troughs and decides to enter or exit a position when the price breaks these levels. A buy signal is generated when the close price crosses above the last peak and a...
No notes
|
Trading System
Medium
|
|
|
Intrade is a market prediction website where users predict whether a specific event will occur or not. In fact, Intrade is an exchange that facilitates the matching of orders from its customers. Intrade users trade events instead of securities. Each event has a close, open, high, low and a volume...
No notes
|
Downloader
Advanced
|
|
|
Price to earnings, PEG ratio, price to cash flow, price to book and price to sales are fundamental or valuation ratios used by analysts and investors in equity valuation to determine how cheap or expensive a stock is.
Valuation ratios are generally calculated by dividing the stock price by a measure...
No notes
|
Downloader
Medium
|
|
|
Every trading system you develop must be thoroughly tested to ensure that it is robust enough to continue outperforming the market in the future. One of these tests consists of changing the simulation or backtest start date and verifying that this doesn't affect the strategy performance. By changing the start...
No notes
|
Money Manag.
Medium
|
|
|
The Fractal Adaptive Moving Average (FRAMA) indicator was introduced by John Ehlers. Based on the assumption that market prices are fractal, this indicator presents a new method of adaptive smoothing. The purpose of this indicator is to eliminate bad whipsaw trades.
A moving average is generally used for trend identification. Attention...
No notes
|
Indicator
Medium
|
|
|
Current list of Russell 3000 stocks including ticker, name (description), and exchange....
No notes
|
Symbols
Basic
|
|
|
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:
...
No notes
|
Downloader
Medium
|
|
|
The 2 percent rule is a simple risk management strategy that controls the maximum amount you can lose for each invested asset.
The rule here is very simple: Never risk more than two percent of your total capital on any single stock. If you end up having 10 consecutive losses, that...
No notes
|
Money Manag.
Basic
|
|
|
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,...
No notes
|
Indicator
Medium
|
|
|
Day of week average is a date-related function. It does not aim at generating signals and making decisions, but is used as a statistical indicator tracing the price change dependently on the day of the week. It gives the price simple moving average over N bars back, these bars corresponding...
No notes
|
Indicator
Medium
|
|
|
The Consolidation Breakout technical indicator identifies breakout in a congestion pattern. It does so by checking several conditions and then returning a value of one if a bullish congestion breakout is detected and a value of minus one if a bearish congestion breakout is detected. In case there is no...
No notes
|
Indicator
Medium
|
|
|
Demonstrates basic function of translating into binary buy/sell
parameter 1 - Threshold for buy signal
parameter 2 - # of Days lookback
Michael + Scott Walker ...
No notes
|
Indicator
Medium
Private
|
|
|
This simple indicator converts a number of seconds (Intraday) to the equivalent number of bars given the analyzed data.
For example, let us say you want to calculate the return of a stock in the last hour.
If you are working on a one-minute chart, you can type:
...
No notes
|
Indicator
Basic
|
|
|
The built-in "random" QuantShare function returns a random value given a min and max interval. The random number is the same for all bars. It will be no lower than "min" and no higher than "max".
The current "RandomValues" function is almost the same but instead of assigning the same...
No notes
|
Indicator
Medium
|
|
|
Donald Dorsey is known for developing technical analysis indicators such as the 231 and the 415. He has also created and introduced the Inertia trading indicator in the Stocks & Commodities magazine issue of September 1995.
In Physics, Inertia is the tendency of an object to resist to acceleration. Dorsey has...
No notes
|
Indicator
Medium
|
|
|
This is a list of index options symbols listed in the International securities exchange (ISE). ISE introduced index options in October 2003 and it was the first time indexes were traded fully electronically.
This ISE symbol list also contains sector indexes that track the performance of publicity traded companies in different...
No notes
|
Symbols
Medium
|
|
|
Mahesh Moving Average, MMA, is a technical analysis indicator that unlike the other types of moving averages (Example: Simple moving average and Weighted moving average) uses the historical price and volume data in its calculation. Traditional moving averages calculate a bar's value using the close, volume and other time-series data...
No notes
|
Indicator
Medium
|
|
|
Here is a money management script that can be applied to any trading system to prevent it from buying positions that didn't perform well in the past. This money management item simply tracks new positions in the "OnNewPosition" event and then decides whether to allow the position to be bought...
No notes
|
Money Manag.
Medium
|
|
|
NYSE advances and declines object downloads historical end-of-day data of the number of advancing, declining and unchanged stocks that trade in the New York Stock Exchange.
The number of advancing and declining issues is used to calculate several market breadth indicators, for example: Advance/decline line, Absolute breadth index, Advance decline ratio...
Ticker...
No notes
|
Downloader
Medium
|
|
|
The following is a swing indicator that allows one to plot swings and various swing statistics within a chart. Note that this cannot be used for backtesting, a seperate version called swingsim (1555) may be used for that purpose.
The second parameter defines the swing threshold in points....
No notes
|
Indicator
Medium
|
|
|
This item creates a market breadth indicator called Percentage of new highs to total market. The composite uses the number of stocks making new 52-week highs that are downloaded by the following object 134.
The Percentage of new highs to total market is calculated by dividing the number of stocks with...
No notes
|
Composite
Medium
|
|
|
The 52-week low indicator calculates the total number of stocks making new 52-week lows (Stocks at their lowest level in one-year period) per day. The market indicator that measures the number of stocks making 52-week highs is available here: 939.
The 52-week high and 52-week low indicators can be used together...
No notes
|
Composite
Medium
|
|
|
This item downloads U.S. Crude Oil and Liquid Fuels Supply, Consumption, and Inventories historical statistics data. The data is retrieved as an Excel file from the Energy Information Administration website (Official Energy Statistics from the U.S. Government), it is then parsed and updated so it can be inserted into the...
No notes
|
Downloader
Medium
|
|
|
The simulator tool analyzes hundred of stocks for buy signals and then picks few of them (A portfolio is limited by the maximum number of positions it can contains).
After a simulation is completed, you can display the trades that were generated by selecting the "Trades" tab of the Trading System...
No notes
|
Money Manag.
Medium
|
|
|
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...
No notes
|
Indicator
Medium
|
|
|
Normally it has been observed that stocks which crosses below their all time lows are poised to go for very sharp downside or will underperform during the market fall. This watch List will enable you to screen out the stocks which are trading at their all time lows. I have...
No notes
|
Watch List
Basic
|
|
|
A triangle is a chart pattern formed when two trendlines are converging. When the resistance line is increasing and the support line is horizontal, we call this chart pattern an ascending triangle. When the support line is decreasing and the resistance line is horizontal, we call it a descending triangle....
No notes
|
Screen
Medium
|
|
|
Yesterday, I have created a download item that creates an index called the 724. The same guys who created this indicator also created another one called the Permabear sentiment index. Permabear refers to people who are always pessimistic and negative about the future direction of the economy and markets. The...
No notes
|
Downloader
Medium
|
|
|
Based on the first N-minutes of a trading session, this technical indicator creates a support and resistance lines for each trading session.
The first line corresponds to the high of the first N-Minutes and it is plotted for the rest of the day. The second line corresponds to the resistance and...
No notes
|
Indicator
Medium
|
|
|
Breadth Thrust is another less known market breadth indicator. It is a market momentum indicator also called the Zweig Breadth Thrust or ZBT because it was created by Dr. Martin Zweig. As with other market breadth indicators applied in technical analysis, the Breadth Thrust uses the number of advancing and...
No notes
|
Composite
Advanced
|
|
|
Using yesterday's open, high, low and close price, the camarilla pivot points, also known as camarilla equation, creates 9 levels; one pivot level, 4 resistance levels and 4 support levels.
The camarilla equation was discovered in 1989 by Nick Stott, a bond trader. The support and resistance levels can be used...
No notes
|
Indicator
Medium
|
|
|
This earnings calendar item gets data for current and upcoming earnings for US Stocks. The item downloads the date, time, EPS and Previous Year EPS of each US Stock (Starting from 2010) and stores the data in a custom historical database "earnings_cal". You can access the data later and create...
No notes
|
Downloader
Medium
|
|
|
This function utilizes the historical analyst buy/sell recommendations, downloadable from yahoo by 641, to provide the previous numeric rating for a stock. Ratings provided by various firms to a standard numeric score between 5 and 1, where 5 is a strong buy and 1 is a strong sell. 0 is...
No notes
|
Indicator
Medium
|
|
|
This downloader gets EOD data for several Forex pairs.
The data is downloaded for several years (+20 years).
Here is the list of Forex pairs that you can get with this item: ...
No notes
|
Downloader
Medium
|
|
|
Sort objects
Subscribe to trading items feed
