We are proud to introduce two more of the myriad innovations only available on the all new Level IV™ Trading Platform by Advanced Market Systems.
The Count™ & the Rank™
Simultaneously track the number of new intraday highs and lows for all of your stocks.
Separate trending type trading days, from normal trading days.
Know when to buy a high. Know when to sell a high.
We recommend, after starting the video, switching the resolution of our videos to HD. Click on the "gear" icon in the lower right to see a menu of video resolution options.
The Purpose and Theory of The Count™
The Patented Count™ Windows' Statistics alert Traders to those symbols which are advancing or declining by 'counting' the number of New Highs and New Lows for a symbol, during the trading session, after the opening balance has been established. This is a statistic that is applied to Level I type of information.
The purpose of The Count™ Windows' Statistics is to help us to identify trending, directional markets from sideways, non-directional markets.
During the period of Opening Balance, Market Makers compete with each other to establish the fair price for orders that have accumulated since the market was last trading. Quite often, an entire day's trading range will be confined by the price range established in the opening balance.
Upward, trending markets will make new highs throughout the trading session.
Downwards, trending markets will make new lows throughout the trading session.
Sideways, non-directional markets will either remain within the trading range of the opening balance period, or make a modest number of new highs and new lows throughout the trading session.
The Count™ is designed to alert the Trader to intraday trending type opportunities.
The theory behind The Count™ statistic is that a stock cannot trend without relentlessly making new price extremes. By definition, a symbol can only go to these high (or low) extremes for a trading session, by having The Count™ steadily increase during the day.
Different Traders have different opinions on generally how much time is needed to achieve an opening balance, so we created the Opening Delay Interval, so that Subscribers can select the delay that conforms to their own beliefs.
SinceDay Traders might be especially interested in those symbols that trade outside of this opening balance trading range, The Count™ is designed to show the Trader, on a real-time basis, those symbols that are making new highs (and lows) after the Subscriber-Defined Opening Balance is established.
Symbols that have the highest value in The Count™ are likely to advance (or lowest value; decline) significantly during a trading session. These symbols will often continue to move in the same direction steadily during the day, with small to negligible temporary pull-backs in price. These symbols often close within five percent of the day's trading range away from the day's high (or low) price.
The Purpose and Theory of The Rank™ Statistic
The Patented Rank™ Statistic alerts Traders in real-time to those symbols which are making new highs or new lows for the days trading range.
The Rank™ Statistic shows, as a percentage, where the last trade lays within the day's trading range.
We recommend, after starting the video, switching the resolution of our videos to HD. Click on the "gear" icon in the lower right to see a menu of video resolution options.
We recommend, after starting the video, switching the resolution of our videos to HD. Click on the "gear" icon in the lower right to see a menu of video resolution options.
As far as I'm concerned, "The Count" is a caped dude from Sesame Street.
Hello Random.Capital,
Like many software companies, we Trademark our branding for our Patented and Patent Pending features.
The Count™ and The Rank™ represented substantial work on our part and were validated as unique innovations by the US Patent and Trademark Office.
These new indicators are extremely useful for differentiating between Trending and Sideways Trading days for symbols.
Using The Count™ and The Rank™, Traders can instantly see which, of up to 1,000 symbols at once, are breaking out, or are close to extremes for the day.
While the Sesame Street Count has helped to teach myriad people to count to ten, our tools have a separate purpose and utilize a different technology entirely.
Like many software companies, we Trademark our branding for our Patented and Patent Pending features.
The Count™ and The Rank™ represented substantial work on our part and were validated as unique innovations by the US Patent and Trademark Office.
These new indicators are extremely useful for differentiating between Trending and Sideways Trading days for symbols.
Using The Count™ and The Rank™, Traders can instantly see which, of up to 1,000 symbols at once, are breaking out, or are close to extremes for the day.
While the Sesame Street Count has helped to teach myriad people to count to ten, our tools have a separate purpose and utilize a different technology entirely.
What™ patents have you been awarded?
For the life of me, I™ can't see the difference between what you're offering here and what anyone with a smattering of EasyLanguage™ skills can do on TradeStation™ RadarScreen™ or MultiCharts™ MarketScanner™.
I believe you cannot trademark words like "count" and "rank". Also, a trademark is not a patent. Good luck.
Actually™, you™ can™ slap™ a™ common-law™ trademark™ symbol™ on™ whatever-the-heck-you-want™. But that doesn't mean you've registered your trademark with the US Trademark and Patent Office (or that they've accepted your application for trademark registration). Only with the trademark office's imprimatur are you permitted to wield the hallowed registered trademark symbol, ®.
