Tomorrow we’re running a free live demonstration of the new charting features we’ve recently added to The Bourse platform.
There’s no need to pre-register, just set yourself a reminder and visit this page tomorrow, Tuesday June 18 at 12.30 AEST:
http://blog.traderdealer.com.au/d2mx-charts-demo-180613/
Add comments, ask questions, join in!
We look forward to seeing you there.
Whilst we are making some occasional updates to other parts of The Bourse software, the major development focus at this time is on updates to the D2MX Charts area.
Amongst other new features, the next release will include the Keltner Channels Indicator and a quick way to draw Support Lines. Those users who enjoyed the Support/Resistance line tool in previous versions of The Bourse will be pleased to see this feature back!
The Support Line button has been added to the left hand drawing toolbar. Pressing the new Support Line button places the chart into trend line drawing mode, but will only permit trend lines to be drawn horizontally, until you left-mouse click to finish.
(You can do the same by holding your Shift key with normal trend lines, but not all users are aware of that power feature…have you seen what holding your Alt key does while placing indicators?)
You can read more about Keltner Channels here.
These two features have been added based on member feedback and requests. We’re always interested in considering your ideas, so get in touch!
Currently in The Bourse, the Analyser scanning tool only allows you to run your scans on the latest data.
However, we’re now working on adding the ability to run the Analyser Scans on any date you select, not just today.
This will let you run scans in the morning for the prior day’s close, and gives you another option for looking at historical scan results. (The first option being the Trading System Back Tester.)
We’ve also tweaked the system to ensure that you have the latest data, every time you run a live scan (assuming you have a live data subscription).
This feature, along with other enhancements, will be made available in the next release of the software scheduled for early June.
Not a Bourse user? Get yourself a free trial here.
Join us next week for a free webinar on options and options trading!
This webinar is aimed at beginners and intermediate traders who want to learn more about options and how they work.
No previous knowledge of options is necessary, and you don’t need to be a client to attend.
WHEN: Tuesday, May 28 7:00pm – 8:00pm AEST **next Tuesday!**
HOW: Register here
Topics covered will include:
• An introduction to options
• Call & Put options
• Buying & selling options
• Practical examples for traders and investors
So register your place at https://attendee.gotowebinar.com/register/5559679796742476800.
This webinar will be presented by our colleagues at D2MX Advisory.
We look forward to seeing you online!
Following requests from users, our next release of The Bourse software will include a new chart indicator – the Chandelier.
The Chandelier indicator is primarily used as a stop loss mechanism to time exits from a trending market.
When using the Switch parameter:
» Exit long positions when the price crosses below the Chandelier line
» Exit short positions when the price crosses above the Chandelier line
The main idea of the Chandelier stems from the Average True Range indicator.
The ATR function could be used to designate a ‘normal’ range for a security, ie a 22-day average true range may indicate the normal range over a 22-day period. The Chandelier function looks to hang, for example, three average true ranges below a high price in an uptrend.
The name comes from the image of chandeliers being hung from the highest point in a room. This style of indicator, generally used as a stop loss, is hung down from the highest price in a trend.
You’ll find the Chandelier indicator under the Standard Indicators menu, at the right end of the chart toolbar. We hope you enjoy this new feature!
Special thanks to Tim Harbort from The Sharemarket College for his contribution to this update.
An idea a member sent us recently was to have some basic details display about a trend line, when you hover your mouse over it. We thought that was a great idea too and have included it in the next round of development.
In the above example, the trend lines are in orange. The mouse, not visible in the screenshot, is hovering over the lower trend line. The chart therefore overlays the value and percent change between the start and end points along with the gradient of the line. We only show positive numbers, as otherwise it depended on which point you picked first, as to whether the slope was negative or positive. We may consider, in the future, adding a factor to the gradient setting too, for those Gann and ratio enthusiasts. The gradient at the moment is calculated as the basic ratio of price over time.
Move your mouse away from the trend line and that detail disappears. (For example, the upper trend line isn’t showing any details.)
As one of our beta testers has commented already, this new feature makes it easier to adjust existing lines so that they’re parallel to each other. (You can always use the Duplicate Trend Line option to create a new trend line that duplicates an existing line’s angle.)
The screenshot also has some hints as to other new features, can you spot them? These features should be available in the next release of The Bourse.
As always, please send us your suggestions, ideas and complaints. We’re happy to hear and give them due consideration for future work.
The Bourse product team is currently in the middle of a development cycle, adding and enhancing features to the Charting area.
One of the new features is an update to how the ruler (or cross hairs) are drawn on charts.
Example of the new Shadow Rulers feature for charts.
In the current version of the software, if you hold your right mouse button down on a chart, a set of rulers will be displayed, so that you can line up dates (on the X-Axis) and values (on the Y-Axis).
In the new version to be released, those ruler positions will be replicated onto any other open chart windows too. They’ll show a vertical line at the date where you’re drawing the ruler and a horizontal line at the value. If the other chart’s on a different price scale, or showing a time period not in the date range of the main chart, then no ruler can be displayed.
In the above example, the two Telstra charts (shown on the right) show both the price and date lines, where the S&P/ASX 200 and AU/US charts only show the date rules, as their prices aren’t within the Telstra price range. (Which is where the rulers are being drawn.)
Here’s another example, showing Telstra charts on different time periods and how the ruler is shadowed across them.
This new enhancement, and a number of others, will be coming in the next update to the software.
The idea originally was given to us by a member. We’re always open to hearing your ideas on how we can improve the software. We keep note of these and review them on occasion for inclusion in a future update.
If you have a suggestion or feedback, get in touch! Post a comment on this blog or in the members forum, or email us.
A company’s share price can only ignore the fundamentals for so long before reality bites.
In this webinar we looked at our 5 favourite fundamental indicators and how to use them to identify companies that are fundamentally sound.
Thanks to everyone who attended, we hope you enjoyed it!
For a free trial of the software used in this presentation visit http://www.d2mx.com.au/personal/trading/trading-software/
In this webinar Jeff revealed his five favourite technical indicators, and how to apply them in The Bourse software.
Thanks to everyone who registered and joined in!
Our next webinar is coming up on the first Thursday of December, and this time we’ll be discussing our Top 5 Fundamental Indicators.
In this webinar we looked at the core concepts of technical analysis – what it is, and how you can use your charting software to monitor trends and make informed trading decisions.
Thanks to everyone who joined in this session!
Next webinar: The Top Five Technical Indicators
