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Isolating a new scan symbol
entry
This function identifies a new
symbol added to the list from a scan. When a new entry arrives in the scan
results display a result of "1" or "0". Simply sort the column in
descending order to display all the new entrant symbols at the top of the
list. A critical factor to consider is the definition of a new entrant.
To set the definition, go to the Settings tab in Search Parameters Setup.
In the Event Sounds section on the far right there is the "New Item" interval
with a "New after X searches" caption. What this means is that the
symbol will be reset after "X" number of consecutive earches that it no longer
qualifies to the criteria of the scan. The default is 10. What the
means is that once the symbol come up as a new entrant then it must no longer
qualify for 10 consecutive scans, then on the 11th scan it would then be
consider an new entrant candidate.
To use this function as described above.
Go to the Formula tab in Search Parameters
Setup. Click the Add button to create a new formula. Name it "NewStock"
Click Accept. In the formula bar after the "=" type: "ISNEW()" in the
blank bar. In the Selected Fields column you will find NewStock at the
bottom of the list. Click the box in from of NewStock so the results
will be displayed from your scan using this function. Run a scan.
When you look for the results you will find them displayed is the last column
to the right. You can move the column by left clicking on the column
heading and clicking and holding the button down and dragging the column to
the position of your choice. Right click on the column heading and set
the Primary sort to "Descending". You can modify how the column is
displayed in the Column Display tab in Search Parameters Setup.
1 = this symbol is new entrant the most recent search
0 = this item is not new entrant
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Setting up the time the symbol first entered
We are going to create two
formulas. One to show the time the new symbol's entry
and another to show the scan count number in which that symbol entered.
Go to the Formulas tab in
Search Parameters setup. Create a new formula by clicking on the Add
button. Name the field "NSTime". Select Data Type:
"Time". Accept the formula. Check the box in front of the new
formula in the Selected Fields column. Now, in the formula bar click
to the right of the "=" then type the following: IF(ISNEWS(),NOW,NOCHANGE).
Create another new formula by clicking on the Add
button. Name the field "NSCount". Accept the formula.
Check the box in front of the new formula in the Selected Fields column.
In the formula bar to the right of the "=" click then type the following:
SEARCHIDFIRST().
You will now have two new columns added
to your search results display. Move the columns to the location you
would like to see them. You can modify their appearance under the
Column Display tab of Search Parameters
setup.
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Ignoring symbols
Let’s assume you have analyzed a symbol and would like to eliminate it
from subsequent scan results. Select a scan of your choice. Initiate the scan
by clicking on the “Binoculars” icon on the toolbar. Right click on your
chosen symbol from the list of stocks displayed. That will spawn a list box.
Left click on “Ignore Symbols”. Select “Ignore Symbol Local”. That
will place the symbol you selected in an ignore list. That symbol will no
longer show up in the scan until you close the scan file. When the file is
closed, all locally ignored symbols will be restored. If you would like to
remove a symbol permanently, select “Ignore Symbol Globally”. If you
have click the "Use the file below" option under the Global Settings tab in
the Search Parameters Setup, the symbols you selected we be permanently
saved in the default Global Attributes.slf file. You
can edit the global list by checking the box in front of symbol(s) you wish to restore and then click the “Remove checked items”
button.
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Getting news on a symbol
Here's how to use the SortWizard's direct
link to news. Right click on any symbol from the list of stocks displayed
from you scan. That
will spawn a list box. Left click on “Web Links”. Select “Yahoo
Investments”. That will display the latest news about the symbol you
selected in the integrated browser in the lower section of the SortWizard.
If you don't want to use the integrated browser you can configure the
SortWizard to open a separate session of your browser instead. In menu
bar select "View" and uncheck “Show Internet Explorer window” .
The purpose of the integrated browser window is to
inform you of new features, developments and updates regarding the
SortWizard. So, after we show you how to turn it off, you might want
to check back from time to time to see if there is something new being announced.
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Keeping selected symbols to
a basket
The keep symbols that are
interesting candidates together you can move them out of the upper display
section of the search results into the lower section called the basket.
What this enable you to do is search in the upper section and store
symbols in the basket. To move symbols to the lower section of the
results display click on the symbol then clicking on the
on the toolbar. The symbol selected will be moved to the lower section.
You can select a group of symbols to move into the basket by clicking on
the row number of the first symbol in the group to highlight it, then hold
down <Shift> key and while keeping the <Shift> key depressed, left click
on the row number of the symbol at the other end of the group. This should
highlight the desired group of stocks. Then click on the
on the toolbar. Those highlighted symbols should move down into your
basket. You could click the (ALL)
button on
the toolbar if you want all of the entries in the upper window to be
placed in the basket
The Smart Refresh function of
the SortWizard will enable searches to be run in the upper section and
symbols you have placed in the lower section (basket) to be updated all at
the same time.
Right clicking in the display area of
the upper or lower section will open up a list box with many functions
that can be used to administrate the sections.
From more information on
exporting the basket and other uses of the basket refer to #3, #4 and
#11in the Operating Instructions.
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Linking to a Market Marker window and
to Charts
You can link the SortWizard directly to
RealTick's MarketMakers and Charts. To link the symbol you selected in the SortWizard search results
dsiplay to a Market Maker window of your choice select a symbol from the list of scan results by clicking on the stock
symbol. That should highlight the entire row for that symbol. On the SortWizard’s toolbar locate the icon that looks like a miniature Level 2
window with a “1” in it
. When you move your mouse arrow over the icon, a prompt will pop up
that says “RealTick MarketMaker 1”. Left click on that icon. A window will open
named “MarketMaker 1 Setup”. Select the Level 2 you wish to direct symbols
to from the list displayed by clicking on one of the MarketMarker windows listed. Click “OK”
The symbol you selected from the SortWizard should now be displayed in the
Level 2 window you selected.
Once you have your target symbol set up all you need to do now is click on
the symbol in the SortWizard and then click on the toolbar icon you set up
above. Then symbols should now be displayed in your RealTick Level 2 window.
If you want to link to charts directly, repeat the
process in the first paragraph above except select the RealTick Chart link
icon
that is the icon to the left of the one you used above. The rest of
the procedure is identical to what you performed for setting up a Market
Marker link except that you can link multiple charts. To link to
multiple charts when selecting from the list of available charts list, press
down and hold on the Ctrl key down and left click on the charts you want to
link. Then reelease the the Crtl key and click on the OK button.
If the above procedure does not work properly, it is because you have the
Order Entry Screen (OES) opened for that specific Level 2 window. Click on the
target Market Maker, press the F7 key to close the OES. Repeat the steps above
to set the target Market Maker window. Once you have set the link Press F7 to
open the OES.
To make the process even more efficient you can set up a shortcut key on
your keyboard. To do that click on the "Tools" in the menu bar
and select "Keyboard Shortcuts". From the Select a macro list
box, select Link:MarketMaker1 (MMaker1), click the "Create
Shortcut" button at the bottom of the list box. In the Assign
Shortcut dialog box click in the field with "None" displayed.
Select a key from your keyboard like F4 or F5, click "OK" to assign
the shortcut and the click "OK" to close the Shortcut Keys
window. Now you can use the shortcut key instead for the icon on the
toolbar.
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Saving searches in a Workspace
You can use Workspaces to
make starting up the SortWizard easier. This is much like a Page in
RealTick. To illustrate how this works, open up 2 to 4 searches. Position and size
the searches so you can see them all (just like you would a RealTick page). Now position the SortWizard on your screen where you like it
located for everyday use
and where you would like it to position itself upon opening the next time you
start it up. Click “Workspace” on the menu bar and select “Save
Workspace As”. Name your Workspace making sure it is saved in the SortWizard
folder. Click “Workspace” on the menu bar again and click on “Load
Workspace on Start”. This will place a check mark in front of the selection
and then load the last Workspace you had open when you start the SortWizard up
again.
You can set up as many Workspaces as you like. Open them by clicking on “Workspace”
on the menu bar and select “Recent Workspaces” then click on the Workspace
you would like to use.
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Creating a
search using Formulas and Limits
We are going to create a search from
scratch that will looks for stocks that have turned up from a downward trend. To get started, click on the "Template
Files" tile in the file browser on the left of the SortWizard's
display. Select "Default". Open the Parameters
Setup window for the Default file. Under the "Primary Criteria'
tab select Chg Open and Net Chg and set both of those to be
"Greater than or equal to" ".5". This will eliminate
stocks that are not sufficiently active at this point and also speed up
the search. Leave the Parameters window open. Click on
"File" in the Menu Bar, select "Save as" and name the
search "Plus Pullback Reversal".
1. Adding required fields:
In the Parameters Setup window for the
Default file , click the "Add Field" tab. In
"Available Fields" select "SORTWIZARD" in the
"Server" list box. This displays all the fields available
in the large list box below "Sub Type". There are presently two
"Tables" for data to chose from. For This example select
the "TODAY" table.
From the list box below "Sub Type". Select "Avg
Vol 20", click the
button to move that field to the "Selected Fields" list box on
the left. Repeat this process for Mov Avg 10, Mov Ave 20 and Mov Ave 50.
Select the field "Days in a
trend(Close)" and move that to the "Selected Fields" list
box. This field displays the number of sequential days a stock has
moved up or down in a row. In this example we are looking for stocks
that have be down 3 or more days in a row. Go to the Parameters
Setup window, select "Days in a trend" and set the criteria to
"Less than or equal to" and enter "-3" in Value 1
field.
2. Creating a Limit:
A Limit is a True / False conditional
statement. If the criteria is met (True), then the symbols that
qualify are allowed to flow into the search. If the criteria is not
met (False), the the symbols are eliminated.
First, we are going to set up some
moving average limits. Click on the "Limits" tab in Parameters
Setup. Click the
button. "New Limit" is displayed. Click to the right
of the "=" under "FORMULA=". Double click on
the Mov Ave 10, that places the field into the formula bar. Type
">". The double click on Mov Ave 50. Your Limit
should now look exactly like this in the formula bar:
"=MA_10>MA_50". Click the check box in front of the
"New Limit"; the sets the Limit and makes it an active
Limit. Repeat this process to add the Limit Mov Ave 10 > Mov Ave
20.
Now we will set up an automatic volume
ratchet. This will set the minimum volume criteria at 20000 at the
beginning of the day and ratchet it up
to 300000 by the end of the day. Click on the "Limits" tab
in Parameters Setup. Click the
button. "New Limit" is displayed. Click to the right
of the "=" under "FORMULA=". Double click on
"Tot Vol". Type ">". Then type 20000,
then "+" to add, then "(MKTOPENRATIO()*280000)" Your
Limit should now look exactly like this in the formula bar:
"=ACVOL_1>20000+(MKTOPENRATIO()*280000)". Click the
check box in front of the "New Limit" to set the Limit and make
it active.
Click
here for MKTOPENRATIO() definition. Check out the
ISNEW() function while you are there.
3. Creating a formula:
We are going to create a formula that allows
you to adjust the criteria for on pace volume. This formula will
provide a reference of the current day's accumulated volume as compared to
the historic average volume. A result of "1" means that it
is on pace, at the time of the search, to finish the day at the the
average volume that is selected in the formula.
In the Search Parameters Setup window,
select the " Formulas" tab. Click the
button. Name your new formula in the blank FID (Field ID) Name
field. For this example "AvVol20pace". Make sure
" Data Type" is
set to Decimal/Fraction. Click the Accept
button.
In the Selected Fields list box, check the box
in front of your new FID Name field "AvVol20pace". This will make
the Field viewable in the Primary Criteria Available Fields list box.
You will be setting the qualification criteria for the formula under
the " Primary Criteria" tab.
Just below the
there is a check box
that says: "When checked, double click... ". Check that box
to activate that function. Click just to the right of the "fx
="
in the formula line below (just like in Limits).
Double click on " Tot Vol" field in the Selected Fields list box. That
inserts "ACVOL_1". Then type "/" to divide. Then
type "(" to set the order of operation for the division portion
of the formula. Now type "MKTOPENRATIO()". Type "*" to multiply.
Double click on "Avg
Vol 20" field in the
Selected Fields list box. That will insert "AvgVol_20 into the
formula bar. Then
type ")" to close the expression. The completed formula should look like this:
=ACVOL_1/(MKTOPENRATIO()* AvgVol_20). Check your formula by clicking on the
button.
If there is an error, this function will tell you the nature of the error
and mark its location with a "^" in your formula. Uncheck the check the box just below the
that says: "When checked, double click... " to turn
off the special inserting function.
As in spreadsheets, once you move to another
area (a cell in Excel) the formula is saved. There is no need to save at
this point (although you can by clicking on the Save icon at the bottom Parameters
Setup window).
Or, just click the
" Primary Criteria" tab. Then, select "AvVol20pace" from the
Available Fields list box. Go to the Search Criteria Setup box.
Select " Greater than......." and enter "1" in Value 1 field. This will set the
criteria to find stocks with trading volume on
pace with their historic 20 day average volume.
Test the search to make sure the search
runs. Now save the search to make you retain your work.
This search can be modified in a number of
ways to suit your specific requirements. Try changing some of the
variables to either tighten or loosen the parameters to return either less
or more symbols or adjust for market conditions.
In case you are having trouble creating
this search, download the file by
clicking
here.
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Disclaimer
The trading
setups and strategies
are intended for educational purposes and only for demonstrating SortWizard usage. Those
who act in accordance with the contents and suggestions of this document or any
other references linked to or from this page are acting on
their own. Each user of the setups is entirely responsible for his or her own actions, if
any.
The user understands there could be
errors in the setups and in the SortWizard software
that could produce erroneous results.
The use of any of the supplied information, files, strategies,
software, and etal supplied to
you from anywhere in this web site, materials supplied to you from any other source and/or
your reading of this document constitutes that you are in agreement with this disclaimer
and exempts the author(s), IPS Technologies, Inc., and Neo Inc. from any
liability or
from any litigation under any circumstances. If you do not agree with this disclaimer, it is
the user's/reader's responsibility
to refrain from taking action on anything detailed within this or any other document(s)
referred to.
