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Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
morechocolate: Great question. There's plenty of examples on our blog http://marketmovers.blogspot.com/. Do a search on the blog for terms like fade or scalp and you'll see several strategy articles with good ideas. Here's one example:
http://marketmovers.blogspot.com/2009/02/try-markets-lunch-special-short-lunch_02.html
Pete: I took your request on SHOR and put it into our tool, Stocks Like This, for the time you indicated (assuming EST). Here is the analysis of what our servers reported for the stock for 60 minutes. Put a check into the boxes of the alerts and filters you want other opportunities to emulate and scroll to the bottom of the page where you can copy them to a configuration window. You'll want to go and remove some MIN or MAX values in order to establish a range that others stocks can meet.
http://www.trade-ideas.com/StockInfo/_StocksLikeThis.html?symbol=SHOR&start_date=1270796400&start_hours=13&start_minutes=50&time=60
Good luck
s_i: I'll note it in the log. Let us catch our breath! :)
sternforpres: Thank you!
beardance: Heartbeat is a good place to start. From there add more filters to further reduce your universe.
tbam: Nice approach. Without backtesting this I did come up with an interpretation of your strategy that produced a handful of alerts today: not too many not too few either. I like it:
http://www.trade-ideas.com/View.php?O=20000008000000000000000000000000_1d_0&MinBAR=1.5&MinVol=500000&MinRV=.5&MaxRV=5&MinTRangeD=1&MinRange15P=.5&MaxRange15P=1&MinFOD=1&MinBelowHigh=.15&MinRD=85&WN=Up+and+Consolidated
Good luck
You are correct: become a member and you'll see history going back several days ++.
Been a week of new features to Trade-Ideas: MACD, ADX, +DI, and -DI indicators http://www.trade-ideas.com/WhatsNew.html - check them out!
Ok. We'll note it as a request. Thanks
HEAR Ye, HEAR Ye: multi time frame MACDs are coming!
On the blog - more details: http://marketmovers.blogspot.com/2010/04/trade-ideas-stock-scanner-guilty-of.html
Unfortunately at this time we don't, but we can support you on IM and via this forum regarding any questions you have - it's a question of limited training resources that we reserve for our paid subscribers. We may move in the future to a model that allows us to support fuller training for Scottrade.
Yes, this is right.
That's how we always roll these things out.
New stuff is available from the day we release it going forward. We don't fill the old history with it.
Try placing a '2' in this filter to get the stocks to which you refer:
http://www.trade-ideas.com/Help.html#WSF_MinRV
I assure you everything is working. Let's start with the scan you are using and what stocks are generated as a result. Post it here and we'll start there. Thanks!
If I read your comment correctly we ARE showing you stocks with dividends while Y!Finance is reporting N/A or missing data. When we look deeper into source data among different data vendors we get different results - this happens commonly among the low volume issues and it explains the steps we go through to ensure the highest quality data is analyzed - and not the most accessible.
From 1 of my colleagues:
"Two data feeds say one thing. Two other data feeds say something else entirely! It sounds so familiar. It sounds more than a little like a standard part of our bad print discussion.
From the symbols you asked for, PKJ has been getting 1.00 dividends twice a year. The last one was in December... yahoo says 0, the 'indicated rate' on [vendor name withheld] is 2.00, which seems to make sense. Our DataBase has a 1 under dividend [indicating a dividend is present], so presumably it's seeing the same thing as [vendor name withheld]. DailyFinance.com doesn't list any dividends in the last 5 years, so maybe they and yahoo are using feeds with missing data."
Sure. Sometimes with the scroll it's hard to see, but at the top of the scan list from our blog, http://marketmovers.blogspot.com/, is the title which reads, "Largest Number of Consecutive Up 5 Min Candles Today".
It's meant to be informative in and of itself, but it is also meant to be an invitation to more of the free data and custom scans you can design yourself at our Traders Area of the website: http://www.trade-ideas.com/IndexTradersArea.html
Are you talking about the scan that appears on our blog? Please specify what you mean, thanks
Here's a more detailed answer from our tech dept.
"While unusual, these are far from impossible. I went through the database just now. At the end of the day Friday, ATU had 4 puts, and 0 calls. The put / call ratio should be positive infinity. We use a number somewhere around 2 billion. If you ask for stocks with a put/call ratio of over 100, I specifically wanted stocks like this to appear. If you ask for stocks with a put/call ratio below 100, ATU would disappear.
MDP was a similar case, with 7 puts and no calls. As was BND with 4 puts and no calls. YTEC with 20 puts and no calls. Lots more exactly like this.
IBKR had a put call ratio of 139. That was 695 puts and 5 calls.
And, of course, there are similar results on the other side. AEE ended the day with 0 puts and 3 calls. So the put call volume would be 0.
What do all of these have in common? Relatively low volume. In fact, if you did this test shortly after the open, rather than late in the day, you'd see a lot more of this. You reduce this effect by setting a minimum put call volume. And you should also be careful using this filter in the early morning.
Also, remember that the oddsmaker will cut you off after a certain number of entries. If you have a query that matches a lot of stuff, and another one that matches twice as many things, they might both give you the same number of hits before they give up. If you want to see how many stocks matched, try using our history feature our our intraday top list.
To answer his specific question, it works as advertised for values between 0 and about 2 billion. If he put in 3 billion, that would break our assumption that 2 billion and positive infinity are approximately the same."
The standard deviation formula is based on a year's worth of data. If we do not have a year's worth of data, we do not compute the standard deviation.
If you want a standard deviation for one of these stocks, look at the volatility, or the average true range, instead. These are similar, but they look at shorter time frames. Almost every stock has a 15 minute volatility. (There are some exceptions. Many people would be surprised to know there are a lot more stocks out there that don't trade every day than do, and a lot move around all day by a small fraction of a penny.) The average true range Configuration Window: Average True Range requires 3 weeks of daily data.
This is a common policy at Trade-Ideas. If a formula (like ATR or standard deviation) requires a certain amount of data, and we don't have that much data, we don't compute the formula. If you ask the see the value, it will be blank. If you use that value in a filter, you will filter out any stocks where we could not compute the value. This works on intraday and daily formulas. We are a little bit more liberal on the daily formulas. If a stock did not trade one day, we look back further until it did trade. Intraday, we don't allow any missing candles in the middle of the formula.
You can read the definition of VWAP at Trade-Ideas here: http://www.trade-ideas.com/Glossary/VWAP.html
I would also recommend following a trader named Brian Shannon of AlphaTrends who explains VWAP thusly:
http://alphatrends.blogspot.com/2007/11/institutional-trading-benchmark.html
Good point. We'll work on making the forum easier.
I don't. Give me more details of what you saw and when you saw it. Thanks
Hi, I got a reply from our development team that points out how we already do what you are asking and point to a neat tip:
"we added a few special tools that allow certain customizations. These were too complicated to explain to the users in general, but in some specific cases I can help. This request is a perfect example.
He wanted to start with the volume today filter without the %. This, as described in the help, looks at the number of shares traded today.
http://www.trade-ideas.com/Help.html#WSF_MinTV
Then he wants to enter a value like "**P1000000" next to that icon. If he puts that in the min volume today field, he will only see stocks where the current price (in dollars) times the current volume (in shares) > 1,000,000. The shares came from the icon that he chose, and the price came from the "**P" prefix. He can change the part after the "**P" to any number he likes.
Of course, he could also do the same thing with the max volume today, to convert it into the max dollar volume today field. Here's an example which uses both. This strategy looks for stocks with a dollar volume today between 900,000 and 1,100,000.
http://www.trade-ideas.com/View.php?O=8000000000000000000000000_1D_0&MaxTV=%2a%2aP1100000&MinTV=%2a%2aP900000&WN=Dollar+Volume+Today+Near+1%2c000%2c000
Just paste that into the collaborate window.
A couple of notes:
1) This only works with TI Pro, not the web.
2) Make sure you use an upper case "P".
I like it. Thanks for the request. It's been added to our queue.
BEst,
D
These are thinly traded stocks (< than 50k/day) so the normal calcs that are part of the running up/down alerts may not be serving you as well in these 'waters'.
The Stocks Like This tool we have can provide some other options. Here is what we reported for MEW.UN.CAT for the 5 minutes beginning at 10:20 on Monday:
http://www.trade-ideas.com/StockInfo/_StocksLikeThis.html?symbol=MEW.UN.CAT&start_date=1269241200&start_hours=10&start_minutes=20&time=5
I see the intermediate alert you mentioned. But I would add or replace it in the future with alert like the Standard Deviation alert (BT) or even the trailing stop down alert which factors in the volatility aberration such drop moves exhibit.
Looking at the alerts you chose in your strategy and comparing them with 60 minutes worth of data beginning at 11:25am on Monday that we collected on CTQ.CAT, reveals that none you selected we reported for that period. Here is how we reported that hour for that stock:
http://www.trade-ideas.com/StockInfo/_StocksLikeThis.html?symbol=CTQ.CAT&start_date=1269241200&start_hours=11&start_minutes=25&time=60
By selecting key alerts and filters (some not all) and removing the Min or Max range values in the filters appropriate to your universe, you can find Stocks Like CTQ
Without knowing the context within which you trade, I'm guess at what might be appropriate for you.
That said you might find interesting our instantaneous alerts and filters that deal with Current or Relative Volume.
You might also find appealing our Unusual print alert: http://www.trade-ideas.com/Help.html#UNOP
There's also our gap alerts and opening range alerts just to name a few. Hope that helps
Thanks - great suggestion. You know of course about our regular block symbol list. But I like your short cut suggestion and time in effect idea.
The Bid Ask filter is not one of the filters we made available for the tool - I believe there are others too.
Since you asked I will see if it can be added.
Good question: Trade Ideas works only on a PC at this time.
I'll log it and forward it along. Thanks for the suggestion
Use the Stocks Like This tool to get the filter and alert settings that produced the different stocks you mentioned. Its a way to reverse engineer a pattern from the stock symbol on a particular day:
http://www.trade-ideas.com/StockInfo/_StocksLikeThis.html
Sounds like you could use the Wide Range Bar alert to describe this sudden expansion.
http://www.trade-ideas.com/Help.html#WRB5
With regard to the Bollinger bands you can put values above 100 to show stocks above the upper limit. Remember these Bollinger filters place the stock in relation to the bands - they don't filter on the band values themselves.
http://www.trade-ideas.com/Help.html#WSF_MinBoll5
Post your strategy here or via email to info@trade-ideas.com and we can take a closer look for you
Correction: When I get it wrong I correct myself. This a more precise answer from our lead developer.
"The "3" minutes part might be confusing. If a lot of prints come in all at once, it could fire in one second or less. My point was that if you're looking at a move that takes more than 3 minutes to complete, then this alert will always miss it. So 3 minutes was a worst case and it's usually much faster.
Your last statement about it scaling to any time frame was mistaken."
Sorry for any confusion
Great suggestions - I'll add them to the mix we maintain from this forum and all our customer feedback sources.
http://www.trade-ideas.com/Help.html#UNOP
As for the print alert you are correct that we set the threshold at 5x before showing an alert. This is to preserve the usefulness of the alert and avoid it becoming a noise factor. Note that 5x is the minimum - you can set a higher value here.
http://www.trade-ideas.com/Help.html#alert_filter_UNOP
Also the alert's time frame is not 3 minutes. That was just an example to help explain how the alert works. It is calculated by the second.
The definition could have easily read, if a stock prints as many times in a 36 second period as it usually does in 180 seconds, then we report an alert.
Without more information it's hard to assist you here. We know of no other instances similar to yours with respect to the External Linking feature.
Here's the definition of the SMA filters which answers your question i believe: http://www.trade-ideas.com/Help.html#WSF_MinMA50R
We state in the % formula (but it also applies to the volatility one too) that we look at last price - or tick data to constantly refresh and compute your alert preferences subject to this filter requirement.
Best,
D
"Values can be can be higher, lower, or in between 0 and 100." So yes numbers can be larger than 100 - in the case of 200 its twice as far from the upper band. Hope that helps.
very interesting. And good suggestion given the profile of the stocks you watch. It might help us pinpoint the phenomenon if you gave us the 2 stocks in question and the dates you observed the behavior? It would help! Thanks
OK. Point taken. We'll look at better explaining the min value there. Thanks