Trendline with Percentage!!
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   mrbzatwork
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Username: mrbzatwork Post Number: 10 Registered: 02-2007
Rating: N/A Votes: 0
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| | Thursday, May 03, 2007 - 02:02 pm: | 
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I think it would be useful to allow the user to draw a trendline which would print the % difference from starting price to ending price (either positive or negative) this would allow for on the fly calculations as well as risk to reward forecasts. This would save much time for most traders on the calculator. Thanks!!
"If you think you can do a thing or think you can't do a thing, you're right." -Henry Ford
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   colin_twiggs
Member
Username: colin_twiggs Post Number: 2878 Registered: 09-2002Rating: N/A Votes: 0
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| | Thursday, May 03, 2007 - 03:06 pm: | 
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We plan to introduce Percentage Gain trendlines in the next few weeks, where you can set a trendline at a specific angle (e.g. to gain 25% p.a.), but what you are looking for is slightly different. If I understand you correctly, you would want all trendlines to display the percentage gain/loss (measured in % p.a.), probably in the right-click menu. Regards, Colin
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   ohkoolnutz
Member
Username: ohkoolnutz Post Number: 564 Registered: 10-2005
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| | Thursday, May 03, 2007 - 03:55 pm: | 
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The percentage could easily be displayed when one hovers over the end points the same way the end point coordinates are displayed.
--- ohk Lies, Damn Lies and Technical Analysis
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   colin_twiggs
Member
Username: colin_twiggs Post Number: 2879 Registered: 09-2002Rating: N/A Votes: 0
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| | Thursday, May 03, 2007 - 08:42 pm: | 
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Right-click would be more consistent with existing features. Which is more convenient? Also, if we calculate an annualised % gain (in addition to percentage gain) should we use the number of calendar days or the number of trading days? If the actual % gain is 13.3% and the period is August 25 to November 3, 2006; then the annualized gain can either be calculated as 13.3% x 365 days/70 calendar days or as 13.3% x 255 trading days/49 trading days. The results are marginally different. Regards, Colin
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   ohkoolnutz
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Username: ohkoolnutz Post Number: 565 Registered: 10-2005
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| | Friday, May 04, 2007 - 12:10 am: | 
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Both numbers could be displayed.
--- ohk Lies, Damn Lies and Technical Analysis
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   visions
Member
Username: visions Post Number: 53 Registered: 09-2005
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| | Friday, May 04, 2007 - 08:34 am: | 
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Hi Guys I know it's impossible to have everything so if we need to pick between the two I'll go for the calendar days. In the scanning screens we have %Price High, %Price Move, 1m,3m,6m,1y,3y,5y / Volatility, 3m,1y,3y / all in a calendar format. Our Indicators can be set to a Weekly or Monthly format which is calculated by the calendar and not the days traded within that timeframe. So if there is not much between them keep it all the same for simplicity sake. Thanks Colin for the progress, excellent. Cheers .... Visions
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   macca888
Member
Username: macca888 Post Number: 154 Registered: 10-2002Rating: N/A Votes: 0
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| | Saturday, May 05, 2007 - 04:31 pm: | 
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G'day all I agree with all of vision's post. Investment rates of return are usually calculated on calendar days so for comparative purposes outside equities it would seem logical to me to keep the calendar days % gain as a measure of return. Measurement of gain in other investments is not dependant on the stock exchange being open for a trading day so trading days become irrelevant for comparison of gain. The period you chose, Colin, has only one public holiday ( for some states) which is a trading day (but not a business day). Other periods with more public holidays and non trading days would skew the result, not that I have done the calculations. Enjoying the use of some of the new drawing tools and the ability to colour code the lines and captions. The visual prompts connected to the movement of the lines I find helpful also and increases ease of use. Thanks team 888
"Buy low, sell high is a cliche, not a blueprint for action. It blinds investors to the professionals' approach of buying high and selling higher." Stan Weinstein "A prudent speculator never argues with the tape. Markets are never wrong - opinions often are". Jesse Livermore "The only sound reason for buying a stock is that it is rising in price. If that is happening, no other reason is required. If that is not happening, no other reason is worth considering".Nicolas Darvas
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