straken
469 posts
msg #102992
- Ignore straken |
10/17/2011 8:29:07 PM
Since you cant get price and volume data from Stockfetcher for indexes....Hmmm....Maybe try a top performer from that index?
So I will chose Catapillar, and filter only stocks from the S&P 500 index, and since CAT correlates fairly well with the S&P 500 we can try to just find stocks that correlate very close to CAT. Yes? No? Maybe? It may provide a starting point.
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glgene
616 posts
msg #102994
- Ignore glgene |
10/17/2011 10:59:34 PM
Straken,
A contiunued 'thanks' for your continued help, but for my study of Price and Volume, I think I need ^SPX (and other major index) volume.
I was hoping that the ETF proxies for the major indices (SPY, QQQ and DIA) volume would suffice, but after reading the online version of IBD (Oct. 18 edition) citing end-of-day market analysis of Oct. 17 in which IBD said, in part, "Volume rose across the board (on Oct. 17)" it put doubt in my mind that using the ETF proxies would suffice.
Look at my revised SF script below on Oct. 17 end-of-day info. It shows:
..................... Volume .................. Vol. 1 Day Ago ............. Vol. Comparison
SPY ........... 202,017,000 ............... 211,397,600 ............... 95.56%
QQQ ........... 65,068,100 .............. 65,643,600 ................. 99.12%
DIA ............... 8,397,900 ................ 5,256,900 .................... 159.75%
I hardly call this "volume rose across the board." The Dow ETF, yes; the others, no. When IBD measures volume to determine "Distribution Days" it uses today's volume compared to yesterday's volume. The script below will show you my Oct. 17 results for both days volume.
Are you sure I can't get index volume info from SF?
I need good volume info, because I also want to incorporate that into my 'Force Index' study. The Force Index is one of Dr. Alexander Elder's key indicators he personally uses. He is the author of "Trading for a Living."
^SPX volume info?
Gene
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straken
469 posts
msg #102995
- Ignore straken |
10/17/2011 11:40:11 PM
I'm as sure as I have never been able to get it. And their help section says nope. But I have never emailed support about it, I just assumed it was another shortcoming of SF ability. Their data provider handles that data but it must cost another nickle so they won't add it. It has been years since anything useful has been added. They keep spending jack on 2.0 and its still subpar to anything close. I know stockfinder is expensive for many people but its by far the sh!t. I pay for SF premium and keep asking myself why sometimes. I do the majority of scanning and executing from stockfinder because I have realtime screenable data for the filters I build. They should do something with these limitations they have here as demand for reliable data is something they are lagging in badly and 2.0 and their beta watchlist addition is buggy and just isn't keeping up with the evolving trend in data providers.
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mahkoh
1,065 posts
msg #102996
- Ignore mahkoh |
10/18/2011 7:34:42 AM
I have occasionally hit the "buy' or "sell" button on an index ticker but my broker (IB) immediately tells me I cannot trade an index.
If you're looking for the total volume of stocks within the index it may be an idea to create a filter where you compare the volume by setting volumes for different symbols and adding them up. I think that if you take the top 50 of the S&P you mayl get a reliable measurement.
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glgene
616 posts
msg #103013
- Ignore glgene |
10/18/2011 7:52:36 PM
I'm not going to take the top 50 of the SP500 and add them up, or use CAT as a correlated proxy, etc. If I can't get the ^SPX data on Stockfetcher, I'll just use the ETF proxy, SPY. That has tons of volume. But my preference would be ^SPX.
Such is life...compromise.
Gene
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duke56468
683 posts
msg #103014
- Ignore duke56468 |
10/18/2011 8:25:34 PM
Gene...not sure if this would be of any help to you but freestockcharts.com has 3 different Elder indicators and one is the Elder's Force Index
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glgene
616 posts
msg #103015
- Ignore glgene |
10/18/2011 9:59:13 PM
Duke,
Thanks. I just looked there, and found that SP-500 has an EMA Force Index(13) of 5,112,182. Is that correct for the ^SPX?
Then I looked at the ETF >> SPY. Its Force Index (13) number was much, much larger. Does that make sense? Further, my numbers on SPY don't agree between Stockfetcher and FreeStockCharts.
I wish this stuff could be easier. I enjoy when things can be in synch.
Gene
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