As far as the crashes, email support@crontech.com with your workspace. The new build coming out in a few days will solve stability issues. As far as the scanner issues, are you sure you set it up correctly? Email support@crontech.com with your scanner formula and describe what you expect it to find.
I've been using SWP for months and it works just fine. When using QCharts, I had major problems with the datafeed, but SWP seems to handle the throughput of data and switching between servers in a very effective way. I use it with w2k and it has never crashed my pc. So I believe that hardware related difficulties are not first and foremost due to the SWP. I highly recommend people to give it a try.
One of the big issue with SWP is the fact it only supports Qfeed . For future traders that would enjoy the IB integration and other thingies SWP gives access to, it would be great that this SWP also support eSignal. When is it planned ?
Yes, you can find correlated stock using Stock Watch Pro. For example, to find stocks which had the closest 3-day percentage change to MSFT, you can setup a screener with the following formula (based on %change ratio): MomentumROC[Momentum,Close,3,1,D] / MomentumROC[Momentum,Close,3,1,D,0,MSFT] <= 1.2 & MomentumROC[Momentum,Close,3,1,D] / MomentumROC[Momentum,Close,3,1,D,0,MSFT] >= .8 The screener will narrow down the list of stocks to the ones which are correlated to MSFT. You can setup a custom column "MomentumROC[Momentum,Close,3,1,D] / MomentumROC[Momentum,Close,3,1,D,0,MSFT]" and sort by it in real-time to rank the correlation. Useful tutorials: http://www.crontech.com/swp/help/screener.html http://www.crontech.com/swp/help/custom_column.html Steven Norton Cron Technologies http://www.crontech.com/swp snorton@crontech.com
A 3 day percentage change similar to that of MSFT doesn't infer any actual underlying correlation with MSFT. For instance, you could very easily find a 3 day %change of let's say 10% for both MSFT and XOM on some particular day - but one could hardly consider them correlated. Being able to scan/rank using a formula, doesn't mean it's of any value if the underlying assumption about the applicability of the formula is flawed. Garbage in, garbage out.
I gave a simple example, just to give an idea. Provide your definition of correlation and I'll show you how to implement it in Stock Watch Pro.
SWP works for screening hugh amounts of stocks for formulas that you program. I dont know of any other program that does this for the same or even close price. SWP "crashes/locks up" almost every day at least two or three times. Usually doesnt require a reboot of the computer but sometimes its hard to spot as it just stops doing anything. I have a level II display on it just so I will notice when it stops working. When it works it works pretty good, especially when you consider the price. What I would like to see done includes 1. current symbol listed window (upper left) made longer to fit in the whole symbol. usually it says NASDAQ:Q or something like it so you know the current symbol is in the nasdaq but you may not know what the actual stock is. big pain 2. more stable more stable more stable 3. LOTS MORE documentation. I wish the amount of examples and etc. were times by twenty. Should have a 200 page manual to come with. That would be great for us formula guys. - I will say in all fairness that when I have emailed asking how to make a formula they have replied quickly with the correct methods. 4. Fix the trend lines in multiple time charts for the same symbol. The trend lines get messed up if you change the time period and go back to the original time period.( i.e. go from 5min chart to 15 min chart back to 5 min chart) 5. Allow a change in the default time and sales window. I wish everytime I set a new T&S window I did not have to go in and filter for only trades. 6. The formula building is great ( its the main reason I use SWP), one way to make it better is to allow if then statements like tradestation so that I could build better alert formulas. As it stands right now I have to manually do counting of bars that I wish SWP would do for me. Thanks
I have been evaluating StockWatchPro the last week. The newly released 2.3.1 appears to have fixed the crashes I was having; The program has been running without crashes for the past 8 hours. I have been using QCharts for the past 3 years, and for a stretch I used RavenQuote (RQ), until it became ErlangerQuote (EQ) and the price shot up from $40/month to $80/month (with no change in features). SWP and EQ's biggest features over QCharts are formulas, screener/scanners, and SWP has backtesting. I reallly like SWP's screener and the new integration with IB. However, for my purposes, I find that SWP is lacking some of the polish of qcharts, and seriously lacking when compared to the useability of ErlangerQuote. SWP has improved alot though, since I last reviewed it some months ago. The author is definately working to improve the software. A quick note about my use of the product: I am mainly focused on shortterm daytrading, so most of the screener and backtesting features are not appealling to me. I am more interested in the chart, L1, qfeed hotlist, L2 features. GENERAL + Most places, I don't want to see 4 decimal places.. I would like to see 2 decimals on snapshot and chart axis. Is there some way to set this? + Ability to hide the title bar on charts,L1, L2. I usually have about 20-30 small charts and 1 big chart in my workspace. Once I have setup the charts, I don't need the titlebar. If you add up the screenspace for the titlebars on 20 charts, 3-4 L1, and 1 L2, it is a signficant waste of space. + I added 'Symbol' to the snapshot, by it just shows 'Smb: n/a'. Looks like a bug. + no way to select a particular sym/inv color, have to cycle through them. (EQ supports this) LEVEL 1 + Can't insert spaces in level 1. (qcharts, EQ support this) The only way to insert a new symbol inbetween some existing symbols is to add it to the end, then drag n drop it between the symbols. Also can't see cursor on a blank row. (qcharts, EQ support this) + Each L1 has its own selection. If you click on another L1 A, row 1, and then click on L1 B, row 1, both rows are selected. If I then go back and click on L1 A, row 1, there is no SYM event broadcast, because it is already selected. Qcharts and EQ don't work that. Only one L1/row has the foucs. + Need a sort lock on level1. (QC, EQ have this) + After I accidentally sorted a L1, I tried to turn the sort off by clicking the arrow to reverse, then clicking again to make the arrow disappear but it still kept sorting base don reverse sort. HOTLISTS + ON hotlist how do I get a rank column, so I can sort by highest trade rate, higest short term down/up. (QC, EQ support this) By default, it is sorted by rank, but if I temporarily sort on another column, there is no way to revert back to sort on rank. + In addition to missing rank on hotlists, I also don't see the 'Short Term' down % that QCharts displays ,e.g. Symbol, ShortTerm, Rank AMEX:SEV, -24.33%, 1 + Hotlists update by blanking out first, not very pretty. QCharts and EQ don't do this (aesthetics) EQ also has additional control over the update time of the Hotlist. So, if you are reviewing the symbols on the list, you can turn update off temporarily. CHARTS *** No way to adjust spacing of candlesticks. (QC and EQ support this). This is a major problem. Am I missing something here? + Is it possible to manually adjust the vertical axis bar. INTC just had a bad tick. In qcharts, I can click and drag on the axis to swtich from autoscale to manual-adjusted scale. In SWP, I turned autoscale off, but click and draggin in the axis space just moved the chart up/down. (In qcharts you click/drag on the chart body to move up/down/left/right.) I tried CTRL+drag and SHIFT+drag, but I couldn't figure out how to do it. I would suggest you follow qcharts because it was pretty intuitive. + chart default layout doesn't remember size of chart (EQ does, QC doesn't) + Chart title "Chart - QUALCOMM" gets cut off when you use a small chart. (qcharts shows "Qualcomm", EQ allows choice of symbol, e.g. "QCOM", or company name, e.g. "QUALCOMM") Would just like "QUALCOMM" or choice of short name, full name. Actually, if you supported hiding the titlbar, and adding Symbol to the snapshot, I would be happy. If you think about it, "Chart - " prefix is unnecessary; I don't think anyone needs to be told it's a chart! + Qcharts supports drag n drop from Level1 to Charts. This is very handy for changing the symbol on a minichart. Often I see a new symbol on a hotlist that I want to track, so I would drag it to a minichart. To do that in SWP, I have to play with the SYM button, and make sure I don't accidentally reset other charts at the same time. + I would really like it if SWP could use less space in the price axis. If you look at the minicharts, there is a significant amount of white space. Eg. 64.7600 ". I don't need 4 decimals of precision on the axis, so I would prefer 64.76 rather than 64.7600. On NYSE stocks, e.g. IBM, there is even more whitespace, e.g. "70.02 " I guess because there is only 2 decimals of precision. + Snapshot High low easier to read in qcharts. In SWP High is black on grey and low is black on red. Qcharts shows both black on white which is more readable. You can configure colors somewhat, but there appears to be some inconsistency. I managed to get H to be shown black on white, but L is still black on red. qcharts does a better job with abbreviates form of O <n> H <n> L <n> T <n> N <n> It uses color (by using grey bg for the labels) rather than colons. Then showing the numbers in white (except for Trade and Net) really helps set off the numbers better than SWP. (Compare the pictures. It is a little hard to explain.) SCREENER + Can I add a screener without a symbol list? When I try to add a screener, there is a symbol list already set, and it isn't clear how you turn this off. (EQ supports this)
George, SWP developers are working on eSignal support. That's a big project, so I don't have a timeline for you yet. Steven Norton Cron Technologies http://www.crontech.com/swp snorton@crontech.com