Additional Products
EXCEL Add-in to Send Alert Messages via E-mail
We have built a general tool to send e-mail messages from Microsoft’s EXCEL software. Our Bloomberg users can get Parallax tools within EXCEL, and adding this tool enables them to setup alert messages that can be e-mailed to phone text. But, it’s a great all-purpose tool that could be used for many applications. Just save your e-mail routing info once, and then in a cell type =IF([alert condition], SendEmailAlert(“your alert text message”), “”) …and it works!
Buy this software now at only $75.00 (plus tax) using this link:
Additional Platform Predictors
The following predictors are part of the Parallax Solutions Platform™.
Confluence
Our Confluence tool blends the predictive edges from seven different indicators sampled on four different time scales to produce an estimated composite “net” edge. Then we trained a neural net to rank the best securities and report a rank. The net edge rose as high as 20.47% for the highest ranked picks. The indicators include ExtremeHurst, SmartChannel, Precision Turn, VolumeTrend, HurstBands, Price-Volume Cross, and RSIz. The scales are multiples of the base period (bar interval) being examined. Multiples include 1, 2, 3, and 5 times the base period. The resulting signals, rank, edge, and suggested holding period are shown.
Price Memory
The concept of support and resistance is as old as markets, yet if their existence is statistically significant, it implies that a feedback loop exists between price movement and investor decisions. If prior price levels do influence investment decisions, then markets can be said to have a collective price memory, which makes them somewhat predictable. Parallax has designed a tool to identify and plot the most likely prices at which to expect this behavior. We have found that if price stops just shy of support or resistance (0.5 standard deviations for a one-bar move with historical volatility), then for the next few bars, price has a significantly higher probability of not closing beyond the line.
Price-Volume Cross
Price-volume crossover patterns are an attempt to capture a pattern of crowd investment behavior prior to a significant rise or fall in prices. With Marc Chaikin, we studied 24 of these patterns and found four that were significant. They are identified using this indicator.
Hurst Bands
How far does the price have to move before the trend is persistent against your trade? In other words, if I’m long, I want a stop that means something. The stop should be placed so that if hit, it means that price is exhibiting “trend persistence” against my trade. This is far preferable to just setting a line in the sand at an arbitrary fixed price or percent. By setting a persistence threshold at h = 0.7, we can use Hurst analysis to estimate a high and low price that would have to be reached today for trend persistence (up or down) to be present.
Hurst Fur
The output is a series of colored columns representing the Hurst Exponent at different scales. The shortest scales are on the bottom. The colors are as follows: red represents persistent down trends; green represents persistent up trends; white represents random price movement; and blue represents mean-reverting price action. The columns are further analyzed to identify potential top, bottom, compression, or trend regions.
RSIz
This version of relative strength counts the number of up and down bars within the most recent N bars and performs a simple statistical test on the result. It assumes that up and down bars have equal probabilities of occurrence. A reading above or below the lines drawn on the chart indicates a statistically-significant deviation from random has occurred.