New Studies

A. Statistic

Summation Between Dates - It will sum up all successive DataLine Inputs for all trading days falling between the dates ranges specified by the user.

Value Between Start & End Time - It can be used on intraday charts to plot DataLine Input's value specified by the user. Start Time will pick up the candle and DataLine Input of that time and plot that value till the market end time if considered end time is checked, else will carry till the next day till the same time is encountered. Further user can write the condition on it to say if the price breaks that value anytime during the day, he can go long or short. The same can be back tested using a strategy across intraday data.

OHLC Between Dates - As we plot OHLC value of a daily candle, this study plots the OHLC value for Date Range Specified. For. E.g. Specifying from Date as 1st Jan 2014 and To Date as 31st May 2014 in this indicator will Plot Open of 1st Jan 2014, High as Highest High between dates range specified, Low as Lowest Low between date range specified and Close of 31st May 2014 till the last bar. It is carried till the last bar to detect breakout of High or Low for that date range.

Z Score - This indicator plots a range starting from -2 level to +2 Level. It defines by how much factor the price has deviated from its specified average (Bars Input). Indicator's reading above 2 means prices has deviated 2 times more than the average on the upper side, and the same falling below +2 gives an opportunity to sell. Similarly its reading below -2 means price has deviated 2 times less than the average on the lower side and the same rising above -2 gives a buying opportunity.

B. Data Line Operations

Value Between DateTime - This study returns Highest / Lowest value, Highest / Lowest Trigger Date and number of days (Calendar Days) passed from Highest / Lowest Trigger date of the DataLine Input specified by the user. It is a single study which can be used to get all 3 outputs in 1 step instead using 3 other indicators (High Low Value Between DateTime, High Low Days Between DateTime, High Low Date Between DateTime) for the same output.

High Low Value Between DateTime - This study returns the Highest High and Lowest Low value triggered between the DateTime defined. This study is normally used in reporting system. When a user wants to know the highest high and lowest low value between two dates, he can use this study.

High Low Days Between DateTime - This study returns the number of days (Calendar Days) passed from the Highest High day and Lowest Low day. This study is used in reporting system.

High Low Date Between DateTime - This study returns the date of Highest High Day and Lowest Low Day. This study is used in reporting system

Level - 6 Lines - Plots 6 user defined levels on Price Chart. It functions the same way as Level - 2 Lines or Level - 1 Line does. Here in 1 step, user can plot 6 levels or less on chart. Further, it can be used to write condition or plot signals on a specific / multiple level breakouts showing buying or selling opportunities.

Ratio Of OHLC Lines - Spread traders uses this study. Study named Ratio Of Lines enables user to find out the Spread ratio between 2 contracts by plotting Another Scrip Close on the existing chart and using their prices as input in the study. This upgraded study can help these users to plot not only close price difference but OHLC price difference too. The same can be plotted in Candlestick form, where further averages and other indicators can be plotted over.

Max Of Lines (10) - Plots or return a Highest value among 10 or less input values specified by the user. Let say there are 4 to 5 moving averages or Price based indicators on the chart and the user wants to know the highest value of all so that he can place that as a stop loss for a Buy Trade.

Min Of Lines (10) - Plots or return a Lowest value among 10 or lesser input values specified by the user. Let say there are 4 to 5 moving averages or Price based indicators on the chart and the user wants to know the lowest value of all so that he can place that as a stop loss for a Sell Trade. This is when he can use this study.

Line Addition - This study in the new version has been renamed to Add To Line.

Line Subtraction - This study in the new version has been renamed to Subtract From Line.

C. Price

SuperTrend Modified Extended - In old study Super Trend Modified, user could only change the input parameters of ATR Length and ATR Multiple factors, based on which Super Trend Modified use to plot it considering by default High, Low and Close prices. Now with this study in place, use can change the price inputs of High, Low and Close too. If Prices are above Super Trend Value, it is said to be in Buy zone with Stop Loss of Super Trend Value and vice versa.

SuperTrend Buy Sell - This study is similar to SuperTrend Modified except it plots Buy SuperTrend and Sell SuperTrend Lines differently if Buy Factor and Sell Factor are not same. To plot Buy SuperTrend line, it takes ATR Length and Buy ATRFactor inputs and for Sell SuperTrend Line; it takes same ATR Length and Sell ATRFactor inputs.

Relative Strength Comparison (Date) - This study compares two securities to analyze their performances. It finds the percentage ratio of input price line (OHLC) for two different securities from a specific date. When the value returned by this indicator moves up, the security is out-performing the input security, similarly when it is moving down, it is said to be underperforming than the input security.

Volume Weighted Average Price - is a new name given to Up To Tick Avg.

Ichimoku Kinko Hyo Advance - Advance name in this indicator is because here user can opt to have future bars display of this indicator's value or not. If future bars is specified as 0, this indicator will not extend, else it will extend for a number of bars ahead as specified.

D. Options

Options Total - Call, Put, ValueInLakhs - This indicator plots 2 lines on sub-graph. One gives Call Total Turnover and the other gives Put Total Turnover in Lakhs for the corresponding contract.

At the Money - This indicator plots At the Money Option’s Strike Price on the chart

E. Momentum

Rate Of Change Base - Percentage - It measures the percentage change in price with price n periods (ROC Bars) ago, however with a base value specified. The other indicator named Rate Of Change has a default base value of 100. It behaves the same way as ROC except the reading of normal ROC gets added to 100 value if base is 0. Similarly, if base value is 10, ROC value gets added to 90 on each bar and likewise. Along with ROC Line, A signal line which is a moving average of ROC Line by 9 bars is plotted. If ROC is above level (100-BaseValue), it is said to be trading in Positive territory and vice versa.

F. Overbought / Oversold

Stochastics3 - It is a momentum indicator that shows the location of the current close relative to High-Low Range over last N-time periods. This calculation gives stochastic %K value. Further to smoothen this, moving average of %K is calculated to give stochastic %K Slow value. To further smooth it out, moving average of %K Slow is calculated to give stochastic %D value which has 3 outputs. Readings over 70 indicate overbought zone and reading below 30 indicate oversold zone in a sideways market.

Strategy – Advance Ultimate

Add Study --> Strategy – Advance Ultimate
With the introduction of Strategy - Advance Ultimate, user can now execute their long and short trades with different Priceline entry and exit point respectively while testing strategies. This study is available to pro users.

  • Chart Properties and Customization

Tile Chart Alphabetically

If more than one charts are opened on the screen, user can now Tile them Alphabetically as below…

- Chart Settings

- Display Bar Settings

Chart Settings --> Display 1 Tab

Bars have 4 options now.

  • Minimum Bars
  • Display Bars
  • Future Bars
  • Load Bars

Minimum bars will allow user to scroll the chart minimum up to 2 bars.

Display bars will always open the chart with a number of bars specified.

Future Bars will leave that many numbers of bar ahead of the chart for price projections, retracements, etc.

Load Bars will load only that many numbers of bars on all charts. It is helpful when user wants to look and do analysis on only 200 or custom bars.

- Candle Border

Chart --> Chart Settings --> Display2 --> Show Candle Border Color (Present at the bottom)

This feature colors the candle border to a color that users choose to be from Chart Settings --> Color Tab. By default on a black background it colors White and on a white background chart it colors in Black.

Show Daily Tools in Higher Period, when checked will show the tools drawn on Daily Time frame on higher periods i.e. on Weekly, Monthly, Quarterly and Yearly Charts.

- Show Tools

By default, this setting is true (selected), if Show Tools is made False (unchecked) then tools related options will be disabled, and all the tools will hide from the chart. If it is checked, all tools will come back and become visible.

Other Chart Properties

- Bracket Report

Bracket Report - Will display bracket report for a chart on which it is activated.

+ Gap --> If Todays open > Previous Day’s High

- Gap --> If Todays open < Previous Day’s High

High (Value) Bracket --> (Today’s Low > Tomm Low) and (Today’s High > Tomm High)

Low (Value) Bracket --> (Today’s Low < Tomm Low) and (Today’s High < Tomm High)


- EOD Data Entry

EOD Data Entry - Allow users to add / delete / modify prices on the EOD data of a scrip.

- Log Scale

  • Log Scale converts the chart in Logarithmic scale.

- Show Toolbar

  • Will Show Toolbar on the chart at the bottom giving you access to various shortcuts

- Show Horizontal Grid

  • Will draw horizontal grids based on the price scale on the chart.

- Show Vertical Grid

  • Will draw vertical grids based on the time scale on the chart.

- Hide User Text

  • Will hide all user texts if any on the chart.

  • Redefining Ways in Strategy Back testing

Breakeven Settings (In Multiple Of Entry Stop) – For Pro Users

Breakeven Trigger - ___

Breakeven Stop - ___

Start Stop Trailing after Breakeven Triggers – For Pro Users

Above settings in place under Stops Menu of Strategy Settings will find the difference between defined stop loss and Entry Price. This difference is the favorable move that your strategy should attain to trail your stop to breakeven.

For. E.g. User has made a strategy using Strategy Pro, which has Long signal as Moving Average Crossover (E10, E50), E50 (Medium Moving Average) in Long Stop, Entry Stop as 10 % and Trail trigger & stop at 8 % each. If long entry is taken at 500 Rs. The10 % stop loss will come to 450 Rs. Moving Average value on that candle is 460. Here the Stop Loss will be the Highest of Moving Average and Entry Stop i.e. 460 Rs. Hence the difference between Entry Rate and Stop Loss comes out to be 40 Rs.

Now, If Breakeven Trigger and Stop both are set to 1 with Start Stop Trailing after Breakeven Triggers settings ‘On,' the stop loss will remain constant at 460 Rs., till the security moves above 540 Rs. (Maintaining 1:1 ratio). After 540 Rs. on every potential move, the stop loss will trail considering the highest high of Moving Average and Trailed stops. If Start Stop Trailing after Breakeven triggers is unchecked, it will simply consider the highest high of Moving Average and Stop loss to trail on every successive bar.

Note: - (Similarly, user can use any multiple here depending on his strategy preferences. It can be even 1:1.10, so that Entry stop trails above Breakeven point by 0.1 %).

Ignore Indicator Stops Before Breakeven Triggers – For Pro Users

In the example above, the stop loss considered in the beginning was the highest high of Moving Average and Stop Loss, which was 460 Rs. (Value of Moving Average). There can be a situation where user wants only Entry Stop to be considered for Breakeven Trigger and after that the highest high of indicator and stop loss value. During such scenarios user can check this option. This setting will work along with other two settings being checked.

Till Stop / Target is Hit Ignore Opposite Signals

Any Strategy Testing that has Entry Stop, Trail Trigger, Trail Stop, Stop Increment or Target in place with required stop type selection, the above settings when checked will not square off the trade until the stop / target is hit. It helps to avoid whipsaw while the trade is continuation in either upward or downward direction. Please refer to the following screenshot where a long trade is continued with lots of false short trades in between which is ignored due to this setting.

Remember and Apply Opposite Signal (If Any), After Stop / Target is Hit – For Pro Users

This setting would immediately take the reverse trade of the previous trade if there was an opposite signal just before the previous trade was squared off. There is a possibility of missing a rally in the reverse direction if this remains unchecked. For E.g. Stop loss of a long trade got hit and before that there was a sell signal, which converted into a downtrend rally. If this setting would not be checked, it will ignore the same trade and if it would have been checked it would take the sell trade and continue the sell trade across the rally. This Selection is available for Pro users. Please look at the below screenshot.

Conservative Trailing

Assume user has Stops (Entry Stop, Target, Trail Trigger and Trail Stop) set in strategies with Price High Line, Low Line as HighLine, LowLine in Strategy settings file. He can opt to trail his stops on Higher Lows being formed in case of Buy trade provided the difference between the Higher Low, and Entry Rate is more than Trail Trigger. Similarly, in case of a Sell trade, stops will be trailed on Lower High being formed provided the difference between the Lower High and Entry rate is more than the Trail Trigger.

Conservative Stop

Situation where Stop and Target both are getting hit on a single candle, this setting in place will square off the trade on Stop Loss to make sure that the profitability results are not misleading. The situation will not arise if the factor for Stop Loss and Target are increased or strategy is made on a lower time frame while back testing strategies.

Profitability Report

Maximum Drawdown (Rs.) – Measures the max drawdown incurred while working on a strategy. It is the maximum of the difference between Peak and trough at any given point of time.

Total TurnOver – Turnover of all the trades taken in a Strategy

MTM column is added in Profitability in Bar wise report.

  • Personal
  • Application Settings

Application Settings --> Application Tab --> ’Zoom Chart on Single Monitor’. With this setting, while zooming a selected chart, it will zoom on a single monitor. Before, without this setting, it used to zoom on all monitors.

Application Settings --> EOD Tab --> ‘Adjust Dividend’ is for Cash and ‘Adjust Dividend for Derivatives’ for Futures contracts. This option will adjust dividend days as per the ratio factor. Adjust Dividend will not change the prior or current signals as all prior data will also get adjusted as per the ratio factor and accordingly even the indicator’s reading that is giving the signals will get adjusted.

  • Export Related Changes

Exports available to all clients are as follows:-

  • 100 Bars Data Export (OHLCV) from Data --> View Period-wise Data for any Scrip on Intra / Daily / Weekly / Monthly / Quarterly / Yearly period.
  • Scan --> Signal Scan --> Export Up to 300 Records on Daily / Weekly / Monthly / Quarterly / Yearly period.

Exports available at an additional cost are as follows:-

  • 5 Years of Daily Data (OHLCV) from View Period-wise Data for any Scrip on Daily / Weekly / Monthly / Quarterly / Yearly period.
    Certificate Required - .Data Export (1250 Records).
  • Export Daily Data with studies for all Scrips or a group from Signal Scan. Certificate Required - .DataExport.NSECash / .DataExport.BSECash / .......so on.

  • Most Advantageous Features

Chart --> Tool Settings --> Show Color

User can now color the tool just before finishing drawing any tool on chart. While drawing any tool, when user selects the last point, it will prompt to choose the color to be given to that tool.

New Shortcuts

Customize Hotkeys (Chart -> Customize Hotkeys / Ctrl + F2) is a window that lists all Shortcuts (Hotkeys) for different function to use on charts.

It allows user to use keyboard keys for short cuts as per his convenience instead of using the mouse for different options for that particular activity. User can also edit different keys for a different function.

Lot of new shortcuts has been added for user’s convenience, and they are as under….

Shortcuts Function added in Customize Hotkeys are as below :-

  • Move Mouse Right – Moves the mouse cursor on the right sidebar by bar provided there are less than 80 bars in view.
  • Move Mouse Left – Moves the mouse cursor on the left sidebar by bar provided there are less than 80 bars in view.
  • Show Toolbar – Shows Toolbar at the bottom of the chart below Time scale. It has other shortcuts that can be performed on the chart.
  • Show Horizontal Grid – Will draw horizontal grids based on the price scale on the chart.
  • Show Vertical Grid – Will draw vertical grids based on the time scale on the chart.
  • View User Text – Will show all hidden user text if any on the chart.
  • Hide User Text – Will hide all user texts if any on the chart.
  • Exact Dates – Exact Dates enable user to see the chart view only from till to selected dates.
  • Full Screen Mode – Full screen mode sets the Falcon screen to cover the whole monitor space.
  • Show Bracket Report - Will display bracket report for a chart on which it is activated.
  • EOD Data Entry - Allow users to add / delete / modify prices on the EOD data of a scrip.
  • Show Tools – Will Hide / unhide all tools drawn on the chart.
  • Adjust RBS – Will adjust / unadjust the Right / Bonus / Split date’s data on chart.
  • Profitability Report – Will open profitability summary view of the strategy plotted on the chart.
  • Tool -> Highest High – It catches highest high of all the candles on the chart.
  • Tool -> Lowest Low – It catches Lowest Low of all the candles on the chart.
  • Customize Hot Keys – Brings Customize Hot Keys window where we can learn different shortcuts or can modify the shortcuts as per our convenience.
  • Increase / Decrease Price Sub graph – It will expand and reduce the sub graph area on the chart.
  • Invert Price Scale – This shortcut helps in viewing the chart’s mirror image (Inverted image)

Useful Columns in Groups / Related Scrips & Scrip By Name window

Windows through which user open chart of different companies has been added with additional useful columns.

Scrip By Name – Shortcut C

Here the user types the name of the scrip / contract to open the chart. This window now comes with additional column of Turnover represented in crores.

Groups – Shortcut G

By pushing G on any chart user can bring Groups Window through which he can open any Scrip / Contract’s chart. This window has two additional columns as Turnover represented in crores and PcntChg with respect to previous days close.

Specific group selection done on any chart that is saved on a desktop will be retained next time if the same desktop is opened.

Related Scrips – Shortcut Ctrl+B

By pushing Ctrl+B on any chart user can bring Related Scrips window which contains the related scrips trading in other segments (Cash / Derivatives). Even this window has additional columns as Turnover represented in Crores.

Graph View

Graph View can access through right click on any numeric column which can perform mathematical operations. The window below is View Period data Window accessed through Data menu. This contains numerical columns as ClosePrice, Volume, DelQty, etc. for a contract. Here user can right click on any numeric column and click on Graph view to get graphical representation of that specific column.

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