Two More Indicators Implemented in Technical Analyzer

Collected and analyzed data allow comparing different technical analysis indicators. However, according to statistical researches, the problem is that depending on time-frame, market conditions, industry specifics, type of stock or ETF, and other factors, some indicators might be best but other worst, and vice versa. In general, the question can be answered only for some average analysis. As example, according to average predictions success based on the statistics during 2010, the five of top winning indicators are: Relative Strength Index, Money Flow Index, Twiggs Money Flow, On Balance Volume, and Directional Movement System.

Technical analysts know that it is better to select the best indicators for a particular case. Evidently, it can be a time-consuming process. One of the solutions is to allow a computer program to decide which indicator should be trusted more and another less for particular market conditions and a specific shares using back-testing. Such computer program could compose the forecast with weights accordingly to predictive ability of each technical indicator. The example of such program is Technical Analyzer TA-1 (TA).

The recent researches showed that predictive abilities of some classical indicators can be improved by additional transformations. In short, if an indicator is trend-differentially coupled with price - it demonstrates better predictive abilities than a pure indicator. This idea has been used to improve the next release of TA software. The list of existing indicators in TA Technical Analysis module has been empowered by two new divergence-modified indicators - Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD). These two indicators have been transformed to a slope of line and differentially-coupled with a price line slope. Indicators and price transformation to line slopes has been performed using Least Squares Linear Regression within a sliding 10-day period (moving window).

Try free fully-functional software during 30 days; it is available on Addaptron Software download page

Downloading Data for Investment Analyzer InvAn-3/4

Investment Analyzer InvAn-3/4 uses free data sources to update stock prices and financial data for technical and fundamental analyses. In some rare cases, it can be difficult to download the data from the Internet. The reasons can be different - an interrupting or slow Internet connection, unstable availability of the source, or the absence of requested data (for example, some company can go out of business and its data may be erased from databases).

Despite the fact that InvAn-3/4 built with the optimization to process such kind of errors, in some critical situations, for example, after several attempts to read the fundamental (financial) data with no success, the following error message can appear in a pop-up window:






The solution for this problem is the following:

1. Click "Continue" to close the pop-up window and then click "Save".
   
2. Since it stops on a particular symbol (company), check if this symbol name still exists by visiting Yahoo! Finance or Google. If data are not available anymore, consider deleting the problematic symbol record.
   
3. If company data are available, you may try to download data again starting from the number where it stopped using button "From - To" at the bottom of the form (in our example above, go to two boxes besides the button "From - To" and enter in boxes numbers 379 and 525).
   
4. If company data are unavailable, try to download data again starting from the number after where it stopped using button "From - To" at the bottom of the form (in our example above, go to two boxes besides the button "From - To" and enter in boxes numbers 380 and 525). Later consider deleting the symbol record.
   
5. If two above steps were unsuccessful, check the Internet connection or try to download later.