This is a trading item or a component that was created using QuantShare by one of our members.
This item can be downloaded and used by QuantShare Trading Software.
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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;
}
}
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.
