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Investor/RT
What's New in Version 3.9
The new features and miscellaneous enhancements outlined below were
introduced in the3.9 Version.
Product Enhancements for version
3.9:
Release Date: September 13, 1999
- Automatic Toolbar
Positioning (tour
screenshot)
The Setup: Preferences: General Preferences window has been enhanced to provide several new options for floating toolbar positioning. There are now six choices for Toolbar positioning:
* Floating Toolbars - each toolbar floats independently and stays in the same position unless moved explicitly by the user. This has been, prior to 3.9, the method used by Investor/RT.
* Fixed Position - all toolbars snap to the same position on the screen when their associated window becomes active. Moving any toolbar causes the new toolbar position to become the fixed position for all other toolbars.
* Pin to Left - each toolbar automatically appears aligned with the upper left corner its associated window. This options works well when the toolbar style is set to vertical.
* Pen to Right - each toolbar automatically appears aligned with the upper right corner of its associated window. Toolbar style vertical works best with this option also.
* Pin to Top - each toolbar automatically appears aligned with the upper left corner its associated window. This option works well when the toolbar style is set to horizontal.
* Pin to Bottom - each toolbar automatically appears aligned with the lower left corner its associated window. This option works well when the toolbar style is set to Horizontal.
- Scanning for Candlestick
Patterns
The candlestick pattern recognition technical indicator can now be used in the scan language to search for candle patterns. The scan token is CPR and it can be setup to match one or more patterns of interest. CPR will have a value of 0 if the current bar does not have any of the requested candle patterns and a positive number if one or more patterns are found. A value of 2 for CPR, for example, would indicate that the current bar matches two of the patterns specified in the CPR setup. You can qualify CPR historically, for example, CPR1 will be > 0 if the previous bar matched one or more of the specified patterns. You can also use the MAX function to test a span of bars for a candle pattern. For example MAX(CPR5) will be > 0 if any of the preceding five bars matched the specified patterns. You can also add the CPR token multiple times to the scan token list and give more meaningful names to each one. For example, setup one CPR and name it HAMMER to recognize the hammer candle pattern. Add another CPR and name it EDOJI to match the evening doji star. Then the scan request:
MAX(EDOJI5) > 0 AND HAMMER > 0
would find all instruments which had an evening doji start sometime during the preceding five bars and exhibits a hammer in the current bar.
- Testing Quote Page
Membership in Scans
A new token, QP, has been added to the scan language to enable scans to test for an instruments membership in particular quote pages. The QP token is a "primitive" property of an instrument and is tested with the = or != (equal or not equal) operators. For example, the scan request:
QP = "Focus List" AND CL > 50
would identify instruments that belong to the Focus List quote page and are priced above $50. The quote page name specification can be an explicit name as illustrated above, or it can be a pattern matching specification using ? to match any signal letter or * to represent any span of letters. Thus, the formula:
QP = "F*"
would find instruments that belong to any quote page that begins with the letter F. Some, but not all, of the system defined quote pages can be tested, as in:
QP = ".Intraday"
to find instruments marked for intra-day monitoring. Here is the list of system defined quote pages that can be used with the QP token in scan requests:
.Alarms-All
.Alarms-Price
.Alarms-Price/Volume
.Alarms-News
.Unupdated
.Monitored
.Intraday
.Watched
- New Pop Up Menus Added
Convenient pop up menus have been added to the point and figure chart, market profile, volume profile, raw tick, and day bar windows. Click the mouse inside any of these windows to access the menu. The new menu now allows the user to switch a traditional chart to any of the more specialized chart window types and then switch it back to a traditional chart again.
- Portfolio Window
Positioning
Portfolio window sizes and positions are now saved automatically when the portfolio window is closed so they will open at the same size and position the next time they are requested from the menu. Prior to 3.9 portfolios were always opened to a common size and position in the center of the screen unless the portfolio was a part of a layout.
- Option Display Features
The Option Display command accessed from the pop up menu in quote pages, portfolios, or symbol selectors has been improved. At present this feature is available only with the myTrack data service. The Option Display command now creates a live quote page showing the options chain for the underlying instrument. The quote page is arranged in a two repeating group format with Call options arrayed on the left and Put options at the same strike price arrayed on the right in each row. In the center is a new quote page column called "month strike" which displays the expiration month and strike price for the calls and puts. The user can exert control over the particular data fields displayed by creating a custom format and naming it "Options Format". If defined, this format will be used to display the option chain. The "month strike" data column must be the last column in the format for best results since this column serves a separator between the calls and puts in the quote page.
Users of other data feeds can achieve this same effect (albeit manually) by setting up a quote page of options with 2 repeating groups of columns. The trick is to make sure that the list of options in the quote page is in Call-Put sequence with each pair of options at the same strike listed together. Then when the quote page is displayed in 2 repeating format, the calls will all appear on the left and the corresponding puts at the same strike will appear on the right. The last column in the format should again be the month-strike column. This column can be highlighted if you wish by right clicking on the column heading.
For myTrack users, note that the option display command now adds each option contract to the list of instruments being tracked by Investor/RT. These symbols do not "go away" when you close the quote page-they remain defined. If you want to view option chains only temporarily, remember to click the red trash can icon to delete all of the options instruments before closing the options quote page, otherwise you may build up too many instruments and exceed the 300 symbol limit imposed by myTrack for real-time tracking.
- New Scan Tokens for Futures
Two new scan tokens have been added to the scan language to make it possible to evaluate a variety of different kinds of futures contracts in a single scan. Typically this has not been possible since the price moves are often very different for differing types of futures contacts. The TICKUNIT scan token is a "primitive" property of a futures instrument that represents a "one tick move" in price, i.e. the basic increment of price in which the commodity trades. Thus the scan formula:
(HI-LO)/TICKUNIT > 5
would identify futures contacts with a current trading range of more than 5 "ticks". For example, a treasury bond contact would qualify if it had a range of more than 5/32 since a one tick move is 1/32nd in this case.
Similarly, the new scan token VALTICK is the dollar value of a one tick move in the associated futures contract. Thus, the scan formula:
((HI-LO)/TICKUNIT)*VALTICK > 5000
would identify futures contacts whose dollar value has had a swing of at least $5000 in current trading.
The new tokens may also be listed in quote pages with the column titles
"TickUnit" and "$Val Tick". The tick move and dollar value of the tick move for each futures contact is stored in the Investor/RT database. To adjust these numbers, go to Setup : Futures and choose Setup from the menu of futures types. Enter the future type code and adjust the "Point Move" and "Point Value" for that future type.
- Odd Intra-Day Minute
Intervals
Odd intra-day minute intervals Prior to Version 3.9, any intra-day minute interval that did not evenly divide into 60 would occasionally exhibit incorrectly aligned bars. For example, 13 minute bars, often used because the NYSE trading session can be divided precisely into an a fixed number of 13 minute bars, would occasionally do this. This flaw has been fixed in 3.9. By the way, if you want to display a chart with a minute interval other than those listed explicitly in the chart pop up menu, go to Setup: Preferences: Charting Period and set the default intra-day interval to the desired number of minutes. Then use the "intra-day" choice in the pop up menu to switch the chart to the specified periodicity.
- myTrack Market Pulse
Enhancement
The Market Pulse window, accessed via the myTrack menu has been enhanced with a new checkbox titled "Add instruments and create quote page". This new option is available with accessing market pulse reports from the NYSE, AMEX, or
NASD. When this options is unchecked, clicking the "view" button displays a static text display showing the tickers and prices of the particular report chosen. If checked, Investor/RT creates new instruments for each ticker if necessary and creates a quote page of the list of issues in the chosen market pulse report. When the market pulse feature is used to add new stock symbols to Investor/RT in this way, the instruments will NOT "go away" when the quote page is closed. An option has also been added to request the market pulse report for "yesterday" if desired. This option is necessary on the weekends to see the market pulse reports for the preceding Friday.
- Three Line Break Chart
(tour
screenshot)
The three line break chart is similar in concept to point and figure charts. The decision criteria for determining "reversals" are somewhat different. The three-line break chart looks like a series of hollow and filled blocks of varying heights. Each new block, like the X's and O's of a point and figure chart, occupies a new column. Each block is called a "line". Using closing prices, a new hollow (white) block is drawn if the previous high is exceeded. A new filled (black) block is drawn if the price hits a new low. The term "three line break" comes from the criterion that the price has to break the high or low of the previous three lines in order to reverse and create a line of the opposite color. Three-line break charts are described in detail in chapter 6 of Steve Nison's book
Beyond Candlesticks . Three-line break charts are initially provided for daily, weekly, and monthly data. Investor/RT 4.0 will add intra-day intervals.
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