Breadth Analyzer
A special new ticker type named Breadth has been added to
version 8.1 of TradingExpert Pro. Like
all tickers, the Breadth ticker is created with the New
Ticker function in Data Manager.
Breadth
ticker values are not downloaded directly.
Instead, Data Retrieval computes them in accord with an Expert
Design Studio screening formula specified by the user in the ticker
creation process. For each Breadth
ticker, the user specifies an EDS rule and a list of tickers. Following a data
update, Data Retrieval computes the number of tickers in the list
that pass the rule. This number, expressed as a percentage of the number of
tickers in the list, is computed and stored in the ticker’s data file. It represents the breadth of the tickers in
the list that pass the rule’s screening criteria. Breadth tickers can be charted and or be
incorporated into other screening rules.
1. Select New
from the Ticker menu. The New Ticker
dialog box will appear. 2. Enter a name for
the Breadth ticker you are creating. 3. In the Type
section, select Breadth. 4. Click OK. 5. In the next box
that appears, do the following. · Enter
a Description (optional). · Click
the arrow on the Source box to display your available lists. Select the list of tickers you want to use
for screening. · Click
the button at the right end of the EDS File box. Use the Open box that appears to find
and select the strategy file containing the EDS rule that you want to use for
this Breadth ticker. · Click
the arrow on the EDS Rule box to see a list of rules for the selected
strategy. · Enter
the date that you want to begin computing data for the ticker in the First
box in the Date Ranges section. · Click
OK to add the ticker to your Master List. 6. The new ticker
will now appear in the Master Ticker List with Breadth in the Type
column. A special function has been added to compute historical data
for Breadth tickers. To compute
breadth data: 1. From the Utilities
menu, select Compute Breadth Analysis. 2. In the Breadth
Analysis Computation window, make the following entries: • Source:
Select the Tickers option and enter the name of the new Breadth ticker. • Range:
Select Compute From Last Date of Data. 3. Click OK to
begin the computation. The Compute
Breadth window will appear and display the progress of the computation. 4. When the Compute Breadth window closes, the
computation is complete. Breadth tickers my be charted like any other ticker. 1. Open the Data
Retrieval application. 2. In the After
Updates section of the Data Retrieval Options page, check the Update
Breadth Tickers option box. 3. To save this
change so that Breadth tickers will be updated after all subsequent data
updates, click the Save Setup command button.
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