Intraday Profile™ - detect and exploit recurrent patterns of variability in market data, visualize the intraday characteristics of your market
Analyze the intraday behavior of any market, decipher intraday price action and exploit recurrent patterns of variability (price, volume, volatility, risk etc.) in intraday data.
Before you can design a trading system or place a trade, you need to understand how the market you're trading behaves.
Arm yourself with stats you can build on. This smart quantitative tool has been developed by Weiss & Quast, a Financial Industry Consulting group with more than 25 years in business.
Each market has it's intraday price characteristics you as short-term trader can use to improve your strategies.
Visualize how the market and indicators are evolving over the day and whether they show recurrent patterns:
Example (see image above):
When the timescale is set to 5-min bars and volarisk is set to 12,then the range (highest high ./. lowest low ) of the past 60 minutes (12*5 min) is compared to the average range of the last 12 5-min bars.
Values > 0: Short-term trading is more risky and less profitable. The average 5-min bar range is below comparable long term volatilityOther indicators:
Yellow histogram or line: current values of the day for each time period (e.g. 5-min bar)
Red line: Average value of the past (e.g. 20) days for the same time bar
Green dots: Maximum value for this time bar during the observation window (e.g. 20 days)
Cyan dots: Minimum value for this time bar during the observation window (e.g. 20 days)
Examples: ES (S&P 500 Futures), Interval: 5-Minute-Bars (288 bars per day), averages calculated for 20 days:
Volume
MFI (Money Flow Index)
Volatility
The market is the most volatile in the morning, during lunchtime in Chicago, the average range decreases to its lowest levels, following lunch, the average ranges increase.
ATR (Average True Range)
Range (High-Low)
Standard Deviation (13)
VolaRisk (12)
CCi (13) Commodity Channel Index
Linear Regression Slope (8)
Indicator parameter settings Basic version:
price: close, weightedclose etc.
Indicator: volume, range, roc (rate of change), mom (momentum)
Indicator_length: lookback bars for your indicator
Indicator parameter settings PREMIUM version:
price: close, weightedclose etc.
Indicator: volume, range, roc (rate of change), mom (momentum), atr (Average True Range), lrs (Linear Regression slope), cci (Commodity channel index), zscore (Z-score), stoch (Stochastics), macd (Moving average convergence divergence), adx (Average directional index), dmi (Directional movement index), mfi (Mone flow index), rsi (Relative strength index), stddev (Standard Deviation)
Indicator_length: lookback bars for your indicator
MACD_fast, MACD_slow: MACD parameters
Stoch_1, Stoch_2, Stoch_3: Parameters for the calculation of stochastics
Indicator parameter settings PRO version:
Same settings as PREMIUM version and, if you want to use your own indicator:
MyOwnIndicator: set it at your own discretion, e.g. UltimateOscillator(7,14,28) or BlaBlaBlaIndicator(7) etc.
Indicator: must be set to "own"
Features | BASIC version |
PREMIUM version |
PRO version |
Data series 1 | ETF's (SPY, GLD,TLT,OIL,SLV) only | any (stocks, ETF's, Futures, Indices) | any (stocks, ETF's, Futures, Indices) |
Bar interval | any intraday bar interval | any intraday bar interval | any intraday bar interval |
Input basic |
Volume |
Volume Range (H-L) ROC (rate-of-change) Momentum |
Volume Range (H-L) ROC (rate-of-change) Momentum |
Input advanced |
ATR (Average true range) |
ATR (Average true range) |
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Input PRO |
any other data series, indicator or function of your choice, e.g.: |
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VolaRisk™ indicator | included | included | included |
Price per month US$ | free | 9.95 |
19.95 |
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Weiss & Quast Ltd. |
3rd Floor, 207 Regent Street, London W1B 3HH |
Phone: +44-20-3514-3784 ext. 101 |
Telefax: +44-20-3514-3784 |
www.weiss-quast.com |
Weiss & Quast Inc. (New York) |
Phone: +1-646-397-7972 ext. 200 |
Disclaimer & terms of use: This website is neither a solicitation nor an offer to Buy/Sell Stocks, Bonds, Forex, Futures or Options contracts. Futures, Options and Forex trading has large potential rewards, but also large potential risk. The past performance of any trading system or methodology is not necessarily indicative of future results. You should carefully consider whether trading is appropriate for you in light of your experience, objectives, financial resources and other relevant circumstances. The information provided on and through this website is obtained from sources deemed reliable but is not guaranteed as to accuracy or completeness. Read our detailed disclaimer, terms of use and privacy policy HERE ! |