Advanced trading software: technical analysis and neural networks

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Special Techniques
  Multi-Data Strategies
Ingenious MA
Custom Bars
Fibonacci Clusters
Jurik Indicators
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Multi-Data Strategies

Referencing Price Data of Other Symbols

You can significantly improve your trading strategy, using Improvian's powerful ability to reference price or technical analysis indicator information from any security and data feed you use in Tradecision. For example, in many cases its worth comparing the price of a stock with the overall exchange index before making a buy or sell decision. You don't need to add the required symbols to your chart. If the required symbol data is presented in the Data Manager database, you can refer to this data using Improvian in any technique.

The External Function allows deriving an expression value (first parameter) based on the price data of another stock (second parameter).

For example, to obtain Dow Jones Industrial index from Yahoo Finance, you can use the following syntax:

^DJIClose := External("Close", "^DJI");

Additionally, you can calculate any technical analysis indicator and even any numerical expression using the price data of the specified symbol. For example, to obtain a short SMA for QQQ's Close, you need to use the following syntax:

QQQ_SMA9 := SMA(External("Close", "QQQ"), 9);

The amount of the external price data you can reference in your technical analysis technique is unlimited. Using the External function, you can easily compare one security against another one. You can also compare market indexes, or look at the relationship between different groups of issues.

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