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Homepage > Screenshots
Screenshots
Click on any small image to view it enlarged in a pop-up window.
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Main Window
From here, you can access everything that you need. You can see a list
of stocks and select one. Various options are shown on the right-click
menu. For example, you can choose to show the chart.
The pastel colours serve a purpose; the three geographical areas are
identified by a colour, for example, green for UK stocks, blue for US
stocks, and orange for European stocks. The darker the shade, the
larger the company.
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Data-Capture
Data sources are held here and updated from time-to-time in priority
(oldest first). You can decide how often to capture data. For example,
you might decide to visit one data source every 5 minutes — and
another every 25 minutes.
You can get data from Teletext and the Internet, and everything can be
configured to your taste and your PC's settings. This means
StockWave™ can accommodate both the power user and the
not-very-powerful-at-all user. The point of this is to shorten the gap
between the serious almost-professional investor or trader — and
the ordinary-ish Joe.
It's worth pointing out that you can get data from different types of
sources, for different stocks, which can be easily tailored to your
needs, simply by casting a wide net. It's also possible use an
existing subscription.
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Teletext
StockWave™ can use the Teletext application that comes with
Hauppauge WinTV cards.
Teletext is a great way to get data — and is often overlooked.
If you've got a low-specification PC, or would be a casual user, this
feature is ideal for you. It's free!
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Charting
The chart is at the centre of StockWave™ — looking at the
share price is your main activity. You may zoom in and out, select
data for analysis, and view the analysis that you've done.
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Chart with integrated News Viewing
You can also see news events as they relate to share prices, and by
moving the cursor over the chart, see when a news event happened.
You can get a feel for what affects prices — some things do,
some don't.
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Basic Analysis Tools
From the chart, you can access various analytical tools. The
screenshot shows the data that has been selected for analysis; a
histogram showing the distribution of price movements; a multi chart
showing the stock plotted against another; and a scatter chart showing
how movements are related to movements in another stock.
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Advanced Filtering
Using advanced filtering, you can apply signal processing techniques
to your data.
The aim is to separate the underlying trend from the noise.
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Probabilistic Prediction
Ideally, you want to know where a share price will go in the future.
Unfortunately, predictions of this kind are pretty much impossible,
given the nature of share prices.
What is possible, however, is calculating probabilities (or 'true
odds') of where the price is likely to go. The technique used is
called 'Monte Carlo simulation,' and its output is shown on the chart.
The hotter regions show where the share price is more likely to go.
And, once you know the true odds, you can create a profitable trading
strategy.
The second screenshot shows a Monte Carlo simulation that has just
started. You can see the paths of the individual random walks. The
probabilistic prediction overlay has contours showing the probability
(in percent) that the price will be, within the boundaries on a given
day.
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Task Processor
Several types of Monte Carlo simulation are available — some of
which are very processor-hungry. To make the application usable during
the number crunching, all heavy work is carried out in background
threads and held in the task processor.
The progress of each job is shown, as well as the likely finish time.
If a job is taking too long, you can pause or delete it.
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Portfolio Window
Each user's trading interests are held in their portfolio. You can
select a portfolio using the menu and look at the trades they've made,
analyse what they've done, and see the status of any trade alarms.
Open positions are updated in real-time if data-capture is running.
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Trade Creator
The trade creator is probably the most important tool —
certainly it is the most complex, and the crux of the whole idea of
StockWave™. It lets you select any piece of analysis, plus any
possible trades that you could make, and have the payoff calculated
and displayed.
On the payoff graph, red is a loss and green is a profit. Breakeven
points are shown by a cross. Trading costs, if known, can be
incorporated into the calculation.
The point of this is to help you make profits with
high-probability trades.
The trade creator handles different types of trade — CFDs,
spread bets and options.
In the second screenshot, there's a 'short strangle' combination
trade. This is an options trade which involves selling a Call option
and a Put option. Making this trade means that you'll profit if the
share price stays between two prices, but make a loss if it finishes
outside either edge.
Note that the profit level is capped, while potential losses grow with
the distance outside the green region. Red triangles on the payoff
graph show danger — and a short strangle has two of these.
When you're ready, you go onto make a trade. It's entered into your
portfolio, where you may inspect it. Open trades are shown in red and
closed trades in green. Current profit or loss is shown and indicated
similarly.
(You aren't actually making a trade here — you need to go to
your online broker and make the trade there; StockWave is not yet a
trading platform.)
The complex possibilities of the various combinations are
overwhelming. To solve this problem, there's the trade searcher.
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Automated Trade Searcher
This takes a number of seed trades (for example, from an options
table), then exhaustively calculates the payoffs for all combinations,
to a given depth (up to a maximum of six).
The best trades are on the left hand side. You can select one of these
and view it in the trade creator.
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Trade Alarm
When a trade is created, a trade alarm, which knows the 'safe' and
'dangerous' regions for that share price to go to, is set up.
Generally speaking, the deeper into a region a price goes, the better
/ worse you'll fare.
If the price stays in the green, you'll be in profit at closing time.
If your trade starts to wander off track, an alarm will be sent to
your mobile phone.
It's simple; do some analysis, find the trades with the best chance of
payoff, set the alarm, then make sure the price stays in the green.
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News Event Analysis
Most of what makes share prices move as they do is probably already in
the share price itself — but not always.
News events are shown alongside the chart to let you see if there's
anything that may be having a special effect. This is a useful visual
check. However, StockWave™ goes further by offering definite
quantitative assessment of the effects of news events on the price.
The scatter chart lets you take a sample of news events and see what
the actual price response was; the right hand side shows the price
response and the left hand side shows a graph of the expectation.
Again, red and green are used to show 'good' and 'bad.' News events
are shown as crosses. When you move the cursor over them, you get a
text display of what it actually was.
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Market Summary
The market summary shows the biggest share price movements — up
or down — plus the day's headlines.
Clicking on a headline lets you browse the original data source.
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Web Agent
Create your own program to dig deep for information about a company's
prospects and operations.
Most publicly-traded companies are large, complex beasts with a very
great deal going on inside them.
If you want to think about fundamentals, then simply looking at the
company report is not enough — you've got to look deeper to
gather and evaluate information from a variety of sources. This is
called the 'scuttlebutt approach to investing.'
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System Sentinel
StockWave™ can easily use-up whatever resources your PC has �
and can do a lot of thing simultaneously; the sentinel is a
centralised monitoring facility that will help you get the best out of
the machine you've got.
The system sentinel lets you check system loading, recent activities,
and also any error messages, for example, with a data source that's
not responding.
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Local Help
There are full text search facilities for the StockWave™ help
files and its news archives.
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Import Historical Price Data
Get end-of-day price data from any free Internet data sources.
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Options Strategy Browser
See payoff profiles for 40 options strategies.
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