The following recording provides a summary of the MDSnews capital raising and addresses a number of client questions regarding the offer.
Click here to watch the presentation.
Click here to download the mp3 audio recording (3.2Mb).
You are currently browsing the Online Stockmarket Trading Update blog archives for November, 2005.
A new feature was added to the volume indicator, in the charts window, with a recent update to the program. This feature allowed the colour of the volume bar to be changed, depending on a given rule. I thought I might explain how those rules work, as we recently had a query on that.
To view the settings, you will need to display the properties for your volume indicator. Do that by right clicking on an existing volume indicator and select the Volume Properties option from the menu. It would normally be the first option in the list.
You should then see both the options to set the colour of the volume bars in an up, down and even condition and the rule setting for how to determine which colour to use.
By default, your three colour settings might all be the same. This was done to ensure that existing charts wouldn’t change when this update was originally included. If your colours are the same, then change your three colour settings to something appropriate.
The Up/Down calculation, being the point of this blog post, is described below as if shown on a daily chart:
Current First to Last
The volume bar for each day will be coloured with the Up Volume Colour if the current day’s last price is higher than the first (or open price) for the same day.
Prior Last to Last
The volume bar for each day will be coloured with the Up Volume Colour if the current days last price is higher than last price (or close price) from the day before.
Prior Volume to Volume
The volume bar for each day will be coloured with the Up Volume Colour if the current days volume is higher than the volume from the day before.
If the chart was a weekly chart, monthly or intraday chart, then the comparision is done on the prior bar or point, not still calculated on the prior day. In the future, it would be great if similar colour comparison rules could be used on any indicator, including the base chart price. For chart prices, this would include changing the colour based on outside days etc.
When I write a new indicator, I release it into Calypso. Calypso is MDSnews’ ongoing beta product. We try out new things in it, and once they seem to be working in a fairly stable manner, and seem to have met the approval of the customers using the Calypso product, we release the change into the Market Analyser product. Customers using Calypso are generally a fairly “computer-literate” group, able to deal with occasional bugs that might be in newly-released amendments to the code. In return for the occasional hassle of new stuff that doesn’t quite work properly, the Calypso users get the new stuff a little earlier than other customers.
When a change (such as a new indicator) is released into Calypso, or later into Market Analyser, it will appear in a list of changes that comes up when a user updates the product. We include all changes in this list, with the exception of extremely trivial changes such as spelling error corrections and the like.
Welcome to the new MDSnewsBlogs page. My name is Martin Clear, and I write the indicators for the Market Analyser products put out by MDSnews. I write both Plotted Scripts, which are line indicators displayed on a chart, either as separate lines beneath the main chart, or on the main Chart itself; and Entry Scripts, which calculate to “true or false” results which can then be displayed on a Chart, or used to scan a market in the Analyser or used to test profit and loss as a buy or sell trigger over a period of time in a Trading Strategy.
I intend to make a lot of use of the MDSnewsBlogs page to write up anything to do with the indicators. I will write descriptions of new indicators as I write them, I may discuss their application to trading strategies, and I may also talk about new types of indicators. Users can respond to Blog posts with comments, and hopefully I will be able to reply to those as well. This Blog is not intended to replace the forums, however.
I hope to keep my Blog posts interesting and entertaining, as well as educational. I’m hoping to write in a manner that beginners can understand, and where I have to be technical I’ll try and preface my remarks with a warning.