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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » What are the most effective tools in analyzing ?

What are the most effective tools in analyzing ?

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notme

notme
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
usually i am using ;

1.MACD
2.RSI
3.BOLLINGER BANDS plus NAVP ,EPS,PVB , quater financial figures .

please share how you manage for others favour ,thanks.



Last edited by notme on Sun Apr 07, 2013 10:36 am; edited 1 time in total

K.Haputantri

K.Haputantri
Co-Admin
In addition to what you mentioned, I use MAs & announcements of 52w lowest/highest by CSE for decision making.

knockknobbler


Manager - Equity Analytics
Manager - Equity Analytics
Stock Market GURUs tell about these tools , and earn money by telling only.
Lot of people follow these "teachings" thinking they can earn money by using those. .

In actual fact, there no proof these tools /techniques are effective.

Kithsiri

Kithsiri
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@knockknobbler wrote:
In actual fact, there no proof these tools /techniques are effective.
So the only Tool is Gut feeling ? Very Happy

notme

notme
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Kithsiri wrote:
@knockknobbler wrote:
In actual fact, there no proof these tools /techniques are effective.
So the only Tool is Gut feeling ? Very Happy

you make lot of funny . thanks for the entertainment . Very Happy Very Happy Very Happy



rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
A good tool to go by is trading price range, number of trades and volume. On bad days its good to see what sort of support level there is. Note this down.
In SL the support usually comes from brokers buying on their own account.
This the inflection point.

25% above the support level is a good price to sell.

Also note down the resistance levels. High volume days where the trading range is very thin

knockknobbler


Manager - Equity Analytics
Manager - Equity Analytics
@rainmaker wrote:A good tool.....................

Can you show us proof, this is a GOOD tool, what ever you mean by that.

besthope


Manager - Equity Analytics
Manager - Equity Analytics
Rain-making man, are you playing in the IPL (india prime-minister leak) ?

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
Effective tools are related to your investment / trading time frame.

Dileepa


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
FYI, Just copy-pasting from an older thread
↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓
In my experience, different indicators answer for different counters.
Followings are some examples of DFN simulations,
①If you use RSI to trade JKH you will ended up with a loss
What are the most effective tools in analyzing ?  Rsi10


②Directional Movement(DX) will yield above 2000% gain on CIC, but will not good for counters like BUKI
What are the most effective tools in analyzing ?  Dmi10


③Bollinger band is the worst indicator I have ever seen. (This is a comparison of some of the indicators I use)
What are the most effective tools in analyzing ?  Overal10


DFN system tester is a very powerful tools, but unfortunately it seems like only programmers are using this.
I was thinking about posting a different thread about "Strategy Evaluator" but don't think there is much interest on this topic.
You can write your own buy/sell scripts and test with past data.
Followings are some of the test shots.

■Report generated for CIC.N if you use DMI(DX) as a buy/sell signal (It's self explanatory)
What are the most effective tools in analyzing ?  Dmi_ci10


■Last buy signal was generated on 2012/9/04 and sell signal on today(2012/10/03)
What are the most effective tools in analyzing ?  Dmi_ci11


■To be a billionaire, all you need is to write a killer program. Easier said than done. Smile
DFN doesn't offer much help, but on the bright side there are 3 built in scripts available for you to try. cheers
Following is my Klinger Volume Oscillator.
What are the most effective tools in analyzing ?  Script11

Above is a bit complex code.
For a starter, following is a simple buy & sell statement for RSI.

// RSI Buy Statement
DataArray RSI = RelativeStrengthIndex(Close, 20) ;
buy(RSI>=65);

// RSI Sell Statement
DataArray RSI = RelativeStrengthIndex(Close, 20) ;
sell(RSI<35);

Do some experiments and who knows, you might be ended up with the killer script bom


This is how DFN works.

1.Open System Tester from DFN Charting window
What are the most effective tools in analyzing ?  System10

2.Strategy Evaluator will be open. Initially there will be Bollinger Bands, MACD & Moving Average only.
If you are going to write a new script, click on New System & give it a name and description in general tab.
What are the most effective tools in analyzing ?  Strate10

3.Click on Buy Order tab and enter your code. This is a sample code for RSI.
You seems to be using RSI to evaluate overbought/sold conditions. That is a one approach.
But from my experience, it is better to monitor RSI crossing 50 level for some counters.
Here I'm using that crossover as a buy/sell signal.
After you done, click on Test Grammar to compile & click save.
What are the most effective tools in analyzing ?  Rsi_co10

4.Then click on Simulations and New Simulation to create your own simulation.
Add the required scripts from Systems tab
What are the most effective tools in analyzing ?  Simula10

5.Click on Securities tab and add the counters you want to check
What are the most effective tools in analyzing ?  Securi10

6.Finally, go to settings tab and give the simulation a name, add funds and click save.
There are some settings here to explore. I usually set as follows. (cash on hand @ 5%)
What are the most effective tools in analyzing ?  Simula11

7.Before you hit start! This is a very memory & processor consuming process.
Don't add too many scripts or counters. Simulation is running on 10 years of past data.
From the programming point of view, DFN is highly inefficient.
When you do some serious coding, you will understand that you have to duplicate may things due to system limitations.
I'm running this on 8GB system, still it is too much for my computer.
What are the most effective tools in analyzing ?  System11

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