Saturday, August 15, 2009

Online Trading Analyst: New Features Coming to TraderFeed

A while back I wrote about how the blog and Twitter feed can work together as a kind of trading analyst. The idea is to provide real time decision support for traders that extends their vision of markets. The key to making this work is providing information that does not overlap what is already readily available by charts and that offers fresh perspectives on market action that can lead to profitable insights and ideas.

For quite a while, I've posted information on market strength (20-day highs/lows); momentum (Demand/Supply); and trending (Technical Strength) that offer unique views of market and sector behavior. I've also used a basket of 40 stocks (five highly-weighted issues in eight different S&P 500 sectors) to help gauge market breadth from the open--useful in identifying trending and non-trending markets (as well as breakouts).

Soon to come will be more measures from the basket of stocks, including five-day new highs and lows that catch short-term swings in market strength. I'm working on a screening platform that will catch intraday highs and lows as well, as a way of catching sector rotation and evolving market buying and selling.

Many of the weekly measures that I now track, such as Technical Strength, will move to a daily basis, again to catch shifts in trending within and across sectors.

Briefing posts will increasingly identify shifts among international markets and various asset classes to highlight money flows globally.

Finally, I'll be rolling out a platform that will integrate all of this in real time for more coherent decision support. Twitter has its place, but it's time to move beyond Twitter. It's possible to convey information in 140 characters; what's just as important is the higher level integration of that information--and the modeling of reasoning processes that underlie that integration. That requires other ways of conveying information, different technologies.

My hope is to have all this running by the start of the new year, but individual new features will pop up well before then. As always, thanks for your interest.



Gro said...

This is great news. Looking forward to see these features coming !

Thanks for the huge work.

Jeppetto said...

I concur. Looking forward to it!

SSK said...


TTmarun said...

welcome back co-pilot... outstanding news, yur weekend updates have taught me how to stay in step & interpret (58% of the time anyway!!) the higher time frames..
now yur willing to share with us clues on how to look at & interpret the shorter time frames. sweet!!
I'm using neo ticker to mimic what indicators yu look at on the longer time frames and applied it to the shorter time frames (i've personalized them)... so looking forward to comparing/contrasting my set-up to yurs....
i'm stoked about the "process" & interpreting the indicators "just as important is the higher level integration of that information--and the modeling of reasoning processes that underlie that integration"... interpreting this data has been overwhelming my senses and leading to doubt/contradiction not conviction.
initialy i cut back the number of indicators, as i become competant with 2 i add another..
i always have to remember it's not going to work every time (hitting58%) & focus on the risk & willingness to accept the risk against opportunity (trade matrics)... I can't thank yu enough with yur help to new & developing traders... welcome back, JT

RoyMcdona said...

Dear Dr.

Thanks for the great news.

I am very excited.

A question, Will the new service be a subscription service or a free service?


J├╝rgen said...

I've been a keen follower of your blog for about 2 months now and the information contained there-in is fantastic. Great work and thank you for sharing so openly. The new features sound exciting. I have learned so much from your blog - from keeping an overview of the big picture, to the psychological aspects of trading and the money management side (both aspects often overlooked by new traders). Thank you again for all this information and I look forward to the new features. If you ever visit the "other" down-under (Australia), let me know.

pete said...

Been reading your posts and enjoying your recent book and looking forward to your new service.
Could you please tell me if there is a list of posts that will get me up to speed on the indicators to be used for the service

jadenizm said...

amazing, this will be of much utility to we cash equities traders as well...

jmiles301 said...

Thanks as always Dr. Brett! Love your work!

Zeke said...

Looking forward to this. Your huge fan always!!