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Sure. I will look at it. But try experimenting with what filters work for the way you interpret the pattern.
Give a man a fish, feed him for a day or teach him to fish and feed himself for life.
TI, could you tinypicurl what you think would show stocks like the NUVA move. Seems there are 20 different alerts and filters to add. Or make a video for it?
The multi strategy window is coming. Almost out of development. Once available we'll look to make sure it functions with boys like TDA. Thanks for the suggestion
These alerts use a metaphorical dial setting and ratio of current run rate over normal, historical run rate respectively. I like the ratio personally. You want 10 cents but that means a big move for some stocks and tiny for others - that's why we use these relative values vs specific $ amounts
http://www.trade-ideas.com/StockInfo/_StocksLikeThis.html
Enter NUVA at this link and see what our servers reported for this stock. Then choose which filters and values you want in common with NUVA for your trading universe
Multi STrategy window
Can you set up multi strategy window and use the ameritrade robot to auto trade with it...
I would like to run two querries at once...And make sure no duplicate symbols are ordered..
Example at 10am msft comes in querry 1, order is placed. at 11 am in querry 2 symbol msft comes in to buy...If running sperate windows, two orders for msft will happen..
How can we make sure only 1 order for 1 stock symbol per day, regardless of number of querries?
Whats the best filter for breakouts? My Trade ideas didn't pick up the move for ticker symbol NUVA at 13:20 EST. What windows specific filter can I use to have alerts for moves like NUVA today (2/26/10)
Thank you
new idea question
lets say i want to use "running up" and "running up intermediate"
how can i filter the price move? I need a price move > $0.10
can it be done?
thx
Interesting, But Still Confusing...
Thanks for the additional information, but what does the other support resource mean when writing "the filter that does not consider time"? Does he mean that the filter pays no attention when establishing "volume expected in a 5 minute period" (from http://www.trade-ideas.com/Help.html) to the time of day during which the 5 minute period is occurring and, instead, is simply using average 5 minute volume [total daily volume / total number of 5 minute periods in a day] to determine the "volume expected in a 5 minute period"? If so, given the sophistication of TI's volume algorithms generally, it's hard to believe that TI is doing something so rudimentary, and potentially misleading, here.
Look forward to hearing more as you learn more. Perhaps you could locate someone who can speak to this with with final authority, like Phil Smolen, and share his response with everyone here...
Thank You - Look Forward to Learning More...
The video is very helpful with respect to volume generally and specifically as it applies to your High Relative Volume and Strong Volume Alerts, and to your Daily Volume, Current Volume, Volume Today, and Dollar Volume Filters. Unfortunately, it offers no real insight into the Volume 5, 10, 15, and 30 Filters, and, in fact, its only reference to them, made entirely in passing, appears to describe them incorrectly, at least relative to the information on them at http://www.trade-ideas.com/Help.html.
Perhaps it would be good idea to have someone create a video on these Volume X Filters specifically when the appropriate party has a chance to do it. In the meantime, I appreciate your trying to come up with a better explanation and look forward to hearing more on this when you do.
Thanks again...
Here's another explanation from another support resource at Trade Ideas:
"The min current volume filter (which uses relative volume at the specific time of day) does not work premarket so he is using the filter that does not consider time and because most volume is traded at the beginning and end of day, those increased numbers are factored into the avg candle volume which is less likely to be triggered pre/post market."
Well ,to be honest I don't like your answer !
I get couple ideas here from your post
it's working probable for VIP !
or it doesn't work at all
What do you think do we get burned every month paying for membership and waithing like dogs when you going to trow us piece of bone
I guess you don't remember those cascades from 2-3 years ago
Nothing personal ! Bussniss is bussniss if I pay I want service
I'll try to come up with a better explanation, but in the meantime I refer you to this informative video about how we treat volume throughout the day:
http://www.trade-ideas.com/VideoHelp/Menu.html?video=Introduction%20to%20Volume
Thanks - we will take it into consideration. Thanks also for the forum suggestion
Thank you Sternforpres...
Actually, I wanted minimum $ volume of 20,000,000, but you certainly pointed me in the right direction. Thanks for your help and moving forward I'll be a bit more careful in setting my Alert parameters!
I Appreciate Your Response, But Still Unclear...
I think the confusion may revolve around this specific language at http://www.trade-ideas.com/Help.html#alert_filter_NRBB5:
Volume5 compares the volume over the last 5 minutes to the volume expected in a 5 minute period.
So from your answer, I'm guessing that "the volume expected in a 5 minute period" is determined without respect to the time of day in which the 5 minute period occurs, and is assumed to be identical for every 5 minute period of the day. Is this correct?
If not, and TI does consider the time of day in determining the volume expected in a 5 minute period, then why would one need to adjust Volume5 during the pre and post markets, as TI would have already compensated for the lower volume in these markets by adjusting downward the volume expected in a 5 minute period at these times?
Please let me know about this as soon as you have a chance.
Btw, I'm not trying to be contentious here, but merely trying to figure out how this filter actually works. If TI does not adjust the expected 5 minute volume for the time of day, then one needs to be much more careful in their use of this filter, regularly adjusting it throughout the trading day so that it captures comparable events.
As an example, if one sets the filter for 4 and TI treats the volume expected for every 5 minute period as being identical—which means that it is simply using average 5 minute volume (total daily volume / # of 5 minute periods per day) to determine expected volume—then from 9:30 to 11:30, when actual volume is much higher than average, the 4 filter is a much more likely to be met than it is from 11:30 to 1:30, when actual volume is much lower than average. Thus, 4 would be capturing a much less unusual event in the earlier period than in the later one.
Look forward to hearing from you and thanks in advance...
Just saw Sternforpres' response: Truth. Pure truth. Many thank yous for helping out! 50 free OddsMaker credits to you sir!
Then it's not fair to broadcast that the alert doesn't work, is it? I'm chiding you a little only because with complete assurance I can tell you that the indicator works fine.
That said let's examine your set-up:
I see the problem. The Min Current Volume ratio is set at an impossibly high RATIO. Remember its a ratio of current volume over average volume. A large ratio could be 10 or even 100 - but 20M is excessive. I redid your strategy with a value of 25:
http://www.trade-ideas.com/View.php?O=1f80000000000000000000000_1d_0&MinPrice=2&MaxPrice=100&MinRV=25&MinBeta=1.25&WN=MOD+Divergences.
I've seen them, but for reasons too long and complicated to share here, they are not being released yet. And I am purposely not setting an expectation as to when they'll be ready. Sorry but I got burned for doing this before
The filters are not self adjusting. The level you put into the filter setting stays the same during pre, post, and market.
Tons of stocks trade over 4x their typical 5 minute candle volume during market hours. The advice in the Help section simply suggests that pre and post market volume may not deliver as many.
From the other way putting in a value of 150% would be like drinking from a fire hydrant during market hours.
I tried to send a private message to the mod(s) but this board has that as a premium service, which I won't sign up for.
I'm a new user and have already mentioned but would like to suggest again - Trade Ideas, please run your own threaded forum software so that I have all of the functionality that every other board software has, like searching, private messages, and threaded subjects. Running your support stuff here reflects poorly on your company - you might want to take a look at NinjaTraders setup.
With the support subjects and threads set up using other software, I will also more easily be able to avoid certain posts that I am seeing again and again, in a kind of bad stream-of-unconsciousness. Thanks for considering.
edit: question was already answered
thx I've tweaked it yet again. we'll see tomorrow how it turns out.
Yea, MIN spread isn't what you want...the only thing I know to do is to put a parameter of something like 10, 25 or 50 on the "running up", but that will not get you exactly what you want.
TI would need to add a $ parameter to that alert to get exactly what you want...you should be able to get close with the parameter, but it takes into consideration the inherent volatility of the stock too, so it's not exactly the same.
confusion continues..
okay so if you read previous posts you see I missed another but can accept that as I was using the running up (intermediate) rather than the simpler running up.
BUT for the new problem. I only want alerts for stx that have moved >0.10. I continue to get alerts for a 0.02 0.03 0.04 etc.
Ive tried min spread (doesn't give me what Im after)
how do I fix this problem?
http://www.trade-ideas.com/View.php?O=40000_40_0&QRU=10&MaxPrice=20&MinDUp5=0.1&MinPrice=1.01&MinRD=95&MinSpread=0.1&WN=0.05spread+running+up0+INTermidate+w%2frange&SL=X1
Sternforpres
my mistake..
i was using running up (intermediate) and you were speaking of just running up.
I see that the alert came in 1 min earlier on cus.un.cat
You can just add the "running up" alert to your strategy and look at the history to see exactly what it shows. The "running up" alert might be a little quicker to trigger than the alert you are using.
SIN seemed to come up a minute or two earlier too.
However, on my PC, I never got CUS to alert AT ALL with your original strategy, not sure why.
hey,
did you really get the alert at 11:52 or 11:53?
the move occured at :52 but my alert didnt come until :53
the quality was 61.6 and alert was $0.50 in 57min
is quality significant? I dont know how to interpret it.
as far as sin.un. yes Id expect it..got it at 3:25 (quality 112)
running up $0.24 in 73 seconds
Alexa, trying to help out...I added the "running up" alert to your strategy, and CUS shows up at 11:52; however, that alert shows a VERY unusual quality (513, which was 0.53 in one minute), whereas most other alerts are below 50.
Would you expect to see SIN.UN.CAT at 3:23EST as well? That running up value was over 100, which was 0.24 in one minute.
As a stop gap measure, you might want to add "running up" with a value of say 25-35.
Your problem is MIN current volume...you have shares in the ratio bucket...just move the 20000000 down two places. That is all.
im fed up...
what will it take...
2 alerts:
http://www.trade-ideas.com/View.php?O=20000000000000000000000000000000000000000000000000000000_40_0&QRUN=0.1&MaxPrice=16&MinPrice=1.01&MinRD=95&WN=parabolic_under10++9-19+w%2frange95&SL=X1
http://www.trade-ideas.com/View.php?O=20000000000000000000000_40_0&QRUI=3&MaxPrice=20&MinDUp5=0.1&MinPrice=1.01&MinRD=95&MinSpread=5&WN=spread+running+up3+INTermidate+w%2frange%2a%2a%2a&SL=X1
CUS.un.cat at 11:52am feb24 runs from 5.95 to 6.45.....in 1 min...no alerts
finally as Im writing this....an alert comes thry at 11:53 & 11:54
the damn move is over ...unacceptable!!!
here I amended the alert of "running up now" its 0.50 in < 1min.
how can I get nothing??????
http://www.trade-ideas.com/View.php?O=20000000000000000000000000000000000000000000000000000000_40_0&QRUN=0.1&MaxPrice=16&MinPrice=1.01&WN=parabolic_under10++9-19+w%2frange95&SL=X1
This Alert Seems Not to Work - Why?
Please take a look at this alert and let us know why over the past 2 days it has not returned a single item; I suspect there is some problem with the way I've created it, but have no idea what the problem may be: http://www.trade-ideas.com/View.php?O=1F80000000000000000000000_1D_0&MaxPrice=100&MinBeta=1.25&MinPrice=2&MinRV=20000000&WN=Divergences.
Thanks for your help here...
pleaseeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee !
Please Clarify VolumeX Filters, Pre-Market and Post-Market
The VolumeX (e.g., Volume 5) filters are described as follows (in green type) at http://www.trade-ideas.com/Help.html#alert_filter_NRBB5:
These compare the volume over the last 5 minutes to the volume expected in a 5 minute period. The result is always a percent. If you set the minimum volume to 400 then you will only see stocks which have been trading at least 4 times as much as normal in the last 5 minutes. Set the maximum volume to 90 to see stocks that have been trading less than normal over the last 5 minutes.
These filters work before and after regular market hours. However, you should set them to lower values as stocks typically trade significantly less during these hours.
What's confusing here is this language: "you should set them to lower values [before and after regular market hours] as stocks typically trade significantly less during these hours" when viewed in the light of this other language: "these [Alerts] compare the volume over the last 5 minutes to the volume expected in a 5 minute period".
If the comparison is always to "the volume expected in a 5 minute period" why would you need to set these filters to "lower values [before and after regular market hours]" inasmuch as the volume expected at these times is also lower?
In any event, assuming that you actually do need to use lower settings in the pre- and post-market, what settings would be reasonable at these times to find stocks trading at unusually high volumes?
I think this is a great idea also and was going to recommend it. In the meantime, Google does a pretty good job of finding key words in the forum. Just specify your keyword(s) + "Trade Ideas" and search the Investors Hub site. Hope this helps...
We'll put it into the hopper for sure. But 1 of the reasons I know we haven't done this from the beginning is because the number of trades for stock is meaningfully different for each stock. It's similar to how we approach volume, for example.
If $MSFT trades 57 million shares a day - that's average for MSFT but huge for a small cap stock.
We look at higher than usual volume by considering the profile of each stock and analyzing whether today is greater or lesser than usual.
If you are asking us to apply the same approach to trades (i.e., higher than usual number of trades) we already have something like that now you can use:
It's our print alert http://www.trade-ideas.com/Help.html#UNOP
our Bid/Ask ratio filters and alerts also are a proxy for what you are looking for.
I will make sure the request is logged. Thanks
Hi thanks for your prompt response.
May I suggest that you guys look at including the number of trades in your list of filters as well? I personally think that is a better way to gauge how actively a particular stock is being traded.
You can always save the scan as a bookmark though you don't need a name necessarily for that (it does help).
Naming scans and then seeing them in real-time is a feature designed for paying subscribers who can then see recent others they've created as well.
Hopefully you'll try the real-time product when you get more familiar with these tools!
Good luck
Scan Name: What's Its Significance
When I create scans at http://www.trade-ideas.com/StockInfo/_ScreenerConfig.html, I see an option to specify a Scan Name at the bottom of the page. What is naming a scan meant to do?
I've tried naming a few scans, but see no way of recovering them later so that I can run the same scan. Is there some way of doing this? If not, what is the purpose of naming the scan?
Thanks in advance...
Let me see if I understand the way the tool reports. Are you saying that since I had the tool set for a Time of 5 minutes with a Start Time of 09:30, that what the tool returns is the number of New Highs that occurred in the 5 minutes from 09:30 to 09:35, in this case 7?
Thanks in advance for clarifying this further...
The discrepancy may be explained by the time interval constraint in the Stocks Like This tool that is not a factor in the real-time product. The Stocks Like This tool has a 5 minute interval. The 7 other highs you mentioned happened clustered within the 7 5-minute intervals this tool reported.
Nice suggestion - I like it. Added for sure. Thanks!
Pete: Thanks for your message.
This looks like a good strategy. But it's all in the hands of the trader of course. Taking your notes and improvising a little by referring to our latest help tool for building strategies, Stocks Like This: http://www.trade-ideas.com/StockInfo/_StocksLikeThis.html?symbol=es&start_date=1266566400&start_hours=9&start_minutes=30&time=5
I was able to build the following strategy for you. Let me know if this helps:
http://www.trade-ideas.com/View.php?O=4000000000000004000000000_1d_0&QBP=100000&MinPrice=4&MaxPrice=15&MinVol=300000&MinRV=3&MinVol5=200&MaxBB=-2&MaxMA50P=-.001&WN=Stocks+Like+ES:+Bottom+Out
Looking at the history, I found a good list including DELL, ES, and CRA from Friday.
The Min Up 5 min candle filter takes the activity over the last 5 mintues and uses that as the basis for discriminating anything less than the value you entered. When the new 5 minute candle starts building, you'll find alerts for movement in less than a minute for amounts less than the 10 cents you entered. The Help definitions explain this in more detail.
I tried adding a Bid/Ask ratio filter to your strategy but it did not materially alter the recent history results:
http://www.trade-ideas.com/View.php?O=20000000000000000000000_40_0&QRUI=3&MinPrice=1.01&MaxPrice=20&MinBS=5&MinDUp5=0.1&MinRD=95&WN=MOD+running+up+INTermidate+w/range
There have no other reported problems with The OddsMaker that you describe. Let me know if this becomes a pattern. I've checked and all systems working as usual.
Your strategy looks good to me. There are no downward indicators selected in your configuration. Some of the volume alerts you have may be for stocks on the way down as well. Remember the filters act as 'and' statements - all them must be satisfied before even considering an alert which act as 'or' statements.
To help bias results upward I did add a filter that the previous 2 5 min candles must be up. I also added another filter that the 8 period sma must be above the 20 period sma. Take a look and see if this doesnt help you:
http://www.trade-ideas.com/View.php?O=200000000000000000000000000000000000000050000000000000060000_319_0&QHRV=10&QRU=8&QPUD=5&QSV=2&QVS1=10&MinPrice=0.02&MaxPrice=4&MinVol=100000&MinRV=1.5&MinUp5=2&Min2Sma8a20=.05&WN=Modified+Penny+01:+Bias+Up
Please Clarify Reverse Engineering: New High Discrepancy
I just ran a reverse engineering on CREE. The results are at http://www.trade-ideas.com/StockInfo/_StocksLikeThis.html?symbol=CREE&start_date=1266566400&start_hours=9&start_minutes=30&time=5. As you can see, it shows only 7 New High Alerts. However, looking at a 5 minute chart of CREE for 2/19/10, from 0930 - 1600 (EST), it shows 14 new highs. Why the discrepancy? Please clarify. Thank you.
TI, Thanks for the RIG analysis, I must have a setting that is blocking unfiltered new highs as they do appear in other windows. Which setting would occaissionally filter out the unfiltered New Highs?
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