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     button_presser
Member
Username: button_presser
Post Number: 1
Registered: 11-2003Rating: N/A
Votes: 0
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| | Wednesday, February 04, 2004 - 11:14 am: |  
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Just wondering if the IC team had in mind a 'build-your-own indicator' module. I would love to be able to personalise my own indicators as I have researched some interesting adaptations of the more common indicators available.
On the same topic, the filtering section would benefit from a 'build-your-own filter' module.
I am aware that Metastock has these features but have not yet come across any comments/opinions to do with them specifically.
Is Metastock worth a try? Any comments?
Thanks
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colin_twiggs
Member
Username: colin_twiggs
Post Number: 987
Registered: 09-2002Rating: N/A
Votes: 0
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| | Wednesday, February 04, 2004 - 12:01 pm: |
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BP
We have discussed the idea, but there is enough on our To Do list to keep us busy until 2005. Perhaps then we can look at it more seriously.
Colin
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williamat
Member
Username: williamat
Post Number: 194
Registered: 09-2002Rating: N/A
Votes: 0
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| | Thursday, February 05, 2004 - 08:21 am: |
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BP,
from discussions and reading Forum, it would seem that Amibroker (introduced by Bundy) and Market analyst which has been mentioned several times would both be worthy of your investigation. You can find them on the net by searching for the names, and they each have free trial periods.
Bill.
The difference between intelligence is this- intelligence will make you a good living. Charles C Kettering.
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mdees1
Member
Username: mdees1
Post Number: 6
Registered: 10-2006Rating: N/A
Votes: 0
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| | Monday, March 05, 2007 - 03:21 pm: |
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Just wondering if any progress was made regarding a build your own indicator module???
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colin_twiggs
Member
Username: colin_twiggs
Post Number: 2830
Registered: 09-2002Rating: N/A
Votes: 0
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| | Thursday, March 08, 2007 - 02:13 pm: |
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No progress as yet. Our current development priorities are:
(1) Fibonacci Tools
(2) Stock Screener (upgrade)
(3) Indicators (upgrade)
(Don't worry Dug. Haven't forgotten VWAP. We are working on getting the data in place.)
Regards,
Colin
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hilarius
Member
Username: hilarius
Post Number: 2119
Registered: 04-2004
Rating: N/A
Votes: 0
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| | Thursday, March 08, 2007 - 04:11 pm: |
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Hello Colin
It would be greatly appreciated if it could be possible to adjust the look back period for Volume Spike scanning ... eg 5 and 10 day look back options
Hilarius
I come in peace to share my thoughts and to shine my candle light on possible long term opportunities
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colin_twiggs
Member
Username: colin_twiggs
Post Number: 2832
Registered: 09-2002Rating: N/A
Votes: 0
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| | Friday, March 09, 2007 - 09:11 am: |
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Roger,
Volume Spikes do have a look-back period. You can scan for volume spikes that occurred within the last x number of days.
Regards,
Colin
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hilarius
Member
Username: hilarius
Post Number: 2121
Registered: 04-2004
Rating: N/A
Votes: 0
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| | Friday, March 09, 2007 - 09:58 am: |
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Thanks for that Colin
I should have been much clearer in my request
What I was looking for was the ability to vary the length of the exponential moving average volume to as little as 10 or even 5 days
I just raised it because I saw you are in the process of upgrading the scanning tools
Apologies for my lack of clarity
Hilarius
PS I am in a group of users scanning for volume spikes and we would value the shorter moving average period so that our searches can be standardised ... and made less dependent on cumbersome downloading of data from brokers and Excel querying. We are keen to optimise our use of IC scans.
I come in peace to share my thoughts and to shine my candle light on possible long term opportunities
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colin_twiggs
Member
Username: colin_twiggs
Post Number: 2833
Registered: 09-2002Rating: N/A
Votes: 0
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| | Friday, March 09, 2007 - 10:12 am: |
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Hilarius,
The 10-day or 5-day MA will be more volatile and therefore give a more uneven set of results: the same volume may be classed as a spike one day and not the next. Not what I think you are trying to achieve.
How do you want to use this filter?
Regards, Colin
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holycow
Member
Username: holycow
Post Number: 2778
Registered: 08-2004
Rating: N/A
Votes: 0
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| | Friday, March 09, 2007 - 11:10 am: |
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I found volume spike to have a long lasting residual effect, especially in the early or midterm phase of a rallying market. It is an early alert that something is happening (or has happened) with the stock - explanation such as substantial ownership changing hand is one possibility, takeover ploy, M&A activity spilled into open market, etc are others.
To be able to back scan for vol spikes I guess could be useful for someone like me who subscribes to this "theory". The alternative is to keep a journal of unusual vol spikes for on going monitoring.
HC
"... I believe in Santa!"
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hilarius
Member
Username: hilarius
Post Number: 2122
Registered: 04-2004
Rating: N/A
Votes: 0
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| | Saturday, March 10, 2007 - 10:52 am: |
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Colin
Thanks for the comment on the request for other options for the length of the volume moving average
A consensus has now developed in the user group to continue using your 50 day moving average
(I retain a personal desire to look at a 20 day moving average approximating 1 month of trading ... but will study how many extra or fewer results it gives before formally requesting it.)
However we now have a query about the way the 50 day moving average operates
The example I have is BOQ which appears in your 1.5 times listing, but on my simple average calculation is a 2.2 times stock
Would the difference between ema and sma really make that much difference? I guess it could but would value it greatly if you could check whether we are using the same volume data as IC
I am attaching a file of my BOQ 50 day sma calculation
With Best Wishes
Hilarius
PS If anyone could attach the ema calculation to the file and reload it that would be very interesting information also ... my skills stop short of the ema formula
I come in peace to share my thoughts and to shine my candle light on possible long term opportunities
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colin_twiggs
Member
Username: colin_twiggs
Post Number: 2834
Registered: 09-2002Rating: N/A
Votes: 0
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| | Saturday, March 10, 2007 - 01:13 pm: |
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Roger,
Your Volume data appears lower than IC. Thursday your file shows volume of 249,657 while IC shows 300,390. It could be that you are picking up the 4pm closing volume whereas IC will include volume on after market trading.
Compare the attached file to your results on IC.
Regards,
Colin
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hilarius
Member
Username: hilarius
Post Number: 2123
Registered: 04-2004
Rating: N/A
Votes: 0
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| | Saturday, March 10, 2007 - 05:09 pm: |
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Colin
Thanks for the EMA calculation ... greatly appreciated
I've just downloaded the volumes for BOQ for 51 days from my online broker and only one day is different to my above Excel file, namely 26/2/07 which has dropped from 272,110 to 169,792
Other days do not seem to have changed from the figures which I download around 4.45 pm each day giving me the impression they do not update to the final figures which you have
I would like to view the final figures for BOQ for the period 27/12/06 to 9/3/07 inclusive to see how they compare to the 4.45 pm figures ... it seems that the later figures do give rise to higher average volumes and thus smaller ratios of spike volume to average volume
The difference seems to be sufficient to have pushed BOQ down from the 2.0 times group to the 1.5 times group
My ongoing problem is how to access the final volumes rather than the interim 4.45 pm ones, for all stocks, since I wish to build a database of volumes to use offline.
Any suggestions would be appreciated
With Best Wishes
Hilarius
I come in peace to share my thoughts and to shine my candle light on possible long term opportunities
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colin_twiggs
Member
Username: colin_twiggs
Post Number: 2836
Registered: 09-2002Rating: N/A
Votes: 0
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| | Monday, March 12, 2007 - 11:51 am | |
BOQ