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Sophisticated
Real Time alerts in quote sheets and studies
Comprehensive
formula engine and language
Formulas
on charts, hotlists and quote sheets
Portfolio
Tracker
Level
II sheet with market makers
MACD Trend
Bar Study
Multi-symbol overlay charting
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NEW
Short Interest Ratios on Individual Stocks
NEW
Equity Option Ratios on Individual Stocks
NEW
Group and Sector Indicators
Multiple
timeframe & symbol-tabbed charts in one chart window
Innovative
Plugins: 3 Point Break chart, MACD Quote Sheet Trend bar, Chart Color
studies, PNF
Level
II meter column in Quote sheet
Formula-based
Scanner
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Formulas
A Formula Engine
is the core of the ErlangerQuote application; it can
insert over 100 built in mathematical stock fields into its quote sheets,
hotlist sheets, scanner sheets, or option sheets, including Last, Bid,
Ask, Net%, Block Trades, Money Flow, PE, EPS and much more. Included
in the formula engine are all the popular
technical indicators: MACD, Stochastic, RSI, Bollinger Bands,
Directional Movement, Donchian Bands, Momentum, Open Interest and more.
Any of these can be combined with the operators: +, -, *, /, ^,<,
>, =, !=, <=, >=, (, ), And, Or, Not, !, |. Formulas can
be used in cells, entire columns, in alerts, and in screeners as filters.
Formula Example
50 day simple
moving average with no time offset:
mov(close,50,0,D)
Close is the stock's closing price, 50
the number of intervals, 0 the offset, and D means the intervals are
Daily. It can be inserted in a cell or it can be the controlling formula
for a column.
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Sophisticated Alerts
The powerful Alert System
lets you create alarms and warning signals based on almost any market
condition you can imagine. Using combinations of technical indicators
and the built in operators and fields, you can generate buy/sell signals
on breakouts, reversals, overbought conditions, and much more. Your
alerts can be delivered by changing colors in cells, blinking cells,
popup alert messages, audible signals, symbol announcements, email,
pager, or cell phone. You can customize the filters in a great many
way. Alerts can be placed in quote sheets, hotlists, and screen sheets.
Alerts can be combined with AND and OR operators and they can be nested
so that complex conditions must be met for triggering.
Alert Example
Breakout above
50 day simple moving average with no time offset:
Close(D)>mov(close,50,0,D)
Here if the stock's close price is above
the 50 dma a True alert will be generated, otherwise a false alert will
be generated.
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Erlanger Data Series
Equity short interest ratios,
equity specific put/call and call/put ratios can be plotted in charts
or inserted into quote sheets, as can breadth indicators on 139 industry
groups and 18 sectors.
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Charts,
Overlays,
Tabs
The core of any charting program is how well the
prices of your securities are presented or "Charted" in
graphical form. With ErlangerQuote you can plot your prices using the
standard chart types: line, bar or candlesticks. To this you can add any
of two dozen indicators, called Chart
Studies, from Moving averages to Bollinger Bands. Further
stretching the limits of technology, an optional "tab" toolbar
at the bottom of the chart holds your symbols and intervals. You literally never have to move
your mouse away
from the chart to change it. Our charts offer overlays, so you can plot
up to 3 symbols on one chart. Below you can see a 15 minute chart of IBM with a
NASDAQ overlay. The chart also shows the MACD Trend Bar Study, which
tells when the MACD is in the Go long, short or neutral state.
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Chart Formula
Studies
One thing that traders want to do is chart custom
formulas they make up. ErlangerQuote's Formula Studies lets you
graph any formula you can conjure up for the formula engine including
all the technical indicators right on a price chart. Want a horizontal line drawn for the High
of the Previous Day on a daily chart? Simply enter the formula H(D,-1), choose
the color, and click OK. The H means High, D means day, -1 means
previous day. Its that simple. Formula studies can plot any parameter that has
historical data. However even if historical data is not available, the
Formula Studies will display labels on the Y-axis of the chart. In
the thumbnail below you can see a Formula Study on the chart for the High of the
Previous Day (pHigh) and the Low of the previous day (pLow) which forms
a magenta staircase pattern. An almost infinite combination of such
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Chart Color Studies
If Chart Formulas are not enough to win you over,
check out Color Studies. Rather than just being able to draw a
line on a price chart, these let you specify simple formulas
that draw vertical color bars in a horizontal band under the chart. So,
for example you can set up a band to draw a green bar when the
VIX is greater than 30, a red bar when its under 22, and so on. This
will give the effect as shown
in the thumbnail below, a clear go no go indicator of volatility. The formula is simply made up of a number of
statements like Close(D,,VIX.X) > 28 Green, which cause the green bar to be drawn when the close of the VIX is greater than 28, letting you
know its a good time to buy. You can create color studies that tell you when to go long
by drawing green, and when to go short by drawing red. In the example
two
moving average breakout Color Studies are shown, one for a 50 day and
another for a 13 day moving average. |
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Option Chains &
Greeks
If you trade options you'll love ErlangerQuote's Option
Chain feature. You can create a dual side by side or stacked
Put/Call Level I window with all the options for an underlying symbol.
Besides displaying the basic month, year, strike price range, you can
also display all the Greeks including Delta, Gamma, Theta, Vega. You can
even display Implied Volatility. You also have access to the Days to
Expiration as well as the Option code and Underlying symbol. The
thumbnail below shows a full Option Screen when you click on it. |
Enhanced Level II Display
A Level II window
displays much greater information about trades than a typical Level I
Quote sheet. You see all the "Market Makers" and ECNs listed
in order of the bid and ask price, with color codes indicating the
different levels of bid and ask You can have a side by side or stacked
display. A special AutoTracker feature allows you to keep an eye on a
particular market maker by "tagging" them with a color. There are up to
12 different colors you can set for indicating dynamic levels, and you
can hide any market maker you wish, which is useful when bad data is
coming from the server. But even more amazing is that ErlangerQuote allows you to insert a Level II Meter
right in a Quote
sheet cell.
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Enhanced Portfolio Manager
The Portfolio Manager
is very flexible and easy to use...a floating Positions toolbar allows
you to change entries by just clicking on the row. With the manager you
can keep track of several portfolios, each in its own window or
workspace. The portfolio sheet lets store Number of shares, entry and
exit dates, Bases, P&L, P&L Today and much more. You also have
Subtotal and Total rows you can insert anywhere. Commissions, stop
values, risk position can all be displayed in a Portfolio. You can also
enter the contract multiplier for options as well as indicate if the
trade is short or long.
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Plugins/SDK
One of the most intelligent
features of ErlangerQuote is its great collection of Plugin options.
Plugins are features, utilities, or displays that ErlangerQuote runs when
placed in a special folder. An SDK is available that allows 3rd party
developers to create their own Plugin add-on tools and resell them to
ErlangerQuote end users. Built in ErlangerQuote Plugins include the various powerful
charts and quote sheet meters, such as the 3 Point Break, Point and Figure, Bid-Ask Chart,
Equivolume, Trend Bar Study, MACD Bars, Market Profile, Quote
Sheet Level II Meter, Historical Volatility, Hi-Lo Quote Sheet, ODBC Data Feed
and TCP/IP Data Feed Plug in. These come free with the program. The thumbnail below contains a collection
of interesting Plugins.
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Templates &
Styles
You've created an elaborate quotes sheet with 37
specialized fields and studies. Now you want to create a second blank
quote sheet with these same fields. What do you do? In ErlangerQuote simply use the
Styles or template feature. For almost every object in RQ you
can right click on the object and select either Set As Default Style,
Open Style, Save Style, or Open Default Style. Thus you can have both a
default style that all objects assume when first created and you can
have any number of named styles that you can apply to any object. This
is an incredible time saving feature.
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theGate, Workspaces, & Pubscribe
The Internet is community and sharing. But today's
charting applications put you in an online jail, facilitating little in
the way of group interaction. ErlangerQuote takes a whole different
approach. We believe in sharing, and to that end we created theGate and ErlangerTalk.
theGate is a public accessible part of our servers where you can share
workspaces, strategies, ideas, and concepts automatically with other
ErlangerQuote users. You can publish any of your workspaces to theGate, in
your own folders or in public shareable folders. Your friends, clients,
or trading partners can subscribe to your published workspaces, watch
your indicators, hear your alerts go off, and study your charts.
ErlangerTalk is our soon to be released chat system.
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Weblinks
Weblinks are browser
windows with one way-cool feature, which is they can be "passed" a
stock or option symbol with one click on a ErlangerQuote quote sheet - so that they
update their contents for that symbol automatically. In the example
below we have a quote sheet and four browser windows. Click on any of
the stocks in the quote sheet and the browser windows ALL update for
that stock, showing you, in this case, results on Microsoft. This means
you can have your favorite sites for analysis and when you wish to see
how they interpret the stock you are only one click away.
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Multiple Hotlists
Hotlists are like Scanners, except they come
with a great collection of predefined lists that are updated
continuously. If you need a list of all
stocks with unusual gaps, record volume, percent gainers; Hotlists can
provide them. A Hotlist can display the the top gainers percent or point
wise, the losers, top volume winners, and much more. You can use
Hotlists to keep an eye out for stocks that are breaking out, as well as
keeping tabs on industries and sector trends.
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Time and Sales
Time and Sales windows are the DNA of a trading day,
displaying ever trade, bid, ask, and adjustment record for any stock in
the ErlangerQuote Time and Sales window.
You see this streaming by in real time, with colored bands indicating
the high and low bid and asks. Filter can be applied to only display
actual trades and remove the bid and ask. You can also filter on
trade size (volume), price range and exchange. All the colors can
be altered as well with the custom palette feature.
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Symbol/Interval Linking/Grouping
As one of our users said so eloquently: "This
simple innovation allowed me to dispense with four charts and an entire
planned Workspace." What this technique does is link quote
sheets and charts with a color coded symbol/interval buttons. These
buttons act like transmitters or receivers and lets you create powerful
filter relationships when symbols or intervals are altered. For example
you can "slave" additional charts off the symbols in quote
sheets. Or you can set up symbol tabs on charts to trigger other charts
to display the same symbol in a different set of studies. Its really
something you have to try to appreciate so we invite you to take
the time to really understand it...we believe this innovation will make
your screen real estate shrink dramatically."
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Scanning
If
you have a need to search the market for specific criteria the Scanner
tool will do the job. The Scanner allows you to specify a list of stocks
and a "filter" formula. Only stocks on the list that meet
the formula's criteria will populate the scan sheet. You can set the
scanner to scan sectors or industries, symbol lists, or custom lists
you build. The list will continually update at the rate you set looking
for stocks that meet the criteria. You could look for only those stocks
in the S&P100 that have a volume greater than the 65DayAverage Volume.
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Scanning Example
S&P100 daily; volume greater
than 65 day average volume.
Volume(D)>Avg65DayVol
If the daily volume is above the 65 day moving average
then put the stock in the scan sheet.
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