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EQUITYTRADER PROFESSIONAL SUPPORT

ET Pro offers a number of tools designed to help you select stocks. Brief descriptions of the major features of ET Pro are provided below. Next there is a glossary of the terms used in this section. Finally the main formulas used in ET Pro are listed for your reference.

FEATURES:

Alerts: This is a display of our PowerShifts and Pivots. The number of positive and negative signals for each day is displayed. Click on the numbers to see a list of the stocks. Often the numbers themselves can serve as timing guides. For example, the day of and the day after an important low there should be large numbers of positive PowerShifts.

ET Ratings: This tab lets you quickly see lists of the strongest and weakest stocks in our universe. Use the pull-down menus at the top to select the lists you wish to see. Lists are available for Performance, Potential, and Potential Change. The Performance lists will be of special interest to relative-strength investors. Traders focusing on where the action is will find the Potential Change lists of interest.

Bollinger Bands: This section presents a number of lists based on Bollinger Band characteristics. The Squeeze, Upper Band Walkers, Lower Band Walkers, stocks above their upper bands (%b > 1.0), stocks below their lower bands (%b < 0.0) and Example System buys and sells. A minimum price can be specified to screen out low-priced stocks. Depending on market conditions these lists can occasionally be quite large.

Stock Screening: This is the most powerful EquityTrader Pro tool. It allows you to hone in on stocks with exactly the characteristics you want to see.
  • A lets you specify minimum and/or maximum prices.
  • B lets you specify min and/or max risk-adjusted returns.
  • C lets you specify min and/or max Performance ratings.
  • D lets you specify min and/or max Potential ratings
  • E lets you specify the percentile rank of a stock in its group, sector or market.
  • F lets you screen for PowerShifts within a time span you specify.
  • G lets you select a specific sector(s) for screening.
  • H lets you select a specific group(s) for screen.
Any of these fields can be combined. For example, screen for high priced stocks in the financial sector with negative PowerShifts in the past 10 days, or strong stocks in a specific group with high Potential ratings.


GLOSSARY:

%b: An indicator that reports where we are in relation to the Bollinger Bands. At 1.0 we are at the upper band, at 0.0 we are at the lower band and at 0.5 we are at the middle band. 1.1 indicates that we are 10% of the BandWidth above the upper band and -0.2 indicates we are 20% below the lower band. %b formula

BandWidth: An indication of how wide the bands are as a function of the middle band. Used to identify the Squeeze at low values and the end of trends at high values. BandWidth formula

Bollinger Bands: Trading Bands developed by John Bollinger that spread above and below a moving average by a measure of volatility--standard deviation. The default parameters are 20 days and +/- two standard deviations. Bollinger Band Formula

Example System: A simple system that picks buy and sell points based on Bollinger Bands. It is the one of the systems that was taught in John Bollinger's 2001 Bollinger Bands seminar. A DVD of the seminar is available at http://www.bollingerbands.com/products/?type=bbdvd.

Performance: A risk-adjusted rating on a scale from one to five with one being best. Performance is a front-weighted calculation using two years of data. A performance rating is risk-adjusted downward if downside volatility is greater than upside volatility.

Potential: A rating based on a 54-rule fuzzy logic model that considers both fundamental and technical factors. One is best, five is worst.

Potential Change: The change in the Potential rating from the prior day. An improvement results in a lower score--one is best, five is worst--so a decrease indicates a strengthening stock.

PowerShifts: Positive PowerShifts are generated when a stock becomes severely oversold and then generates enough strength to potentially break the downtrend. Negative PowerShifts are just the opposite.

Pivots: Positive Pivots are generated when a stock that has been severely oversold bounces and runs out of steam. Pivots often mark the end of the first leg up after a decline. Negative pivots are just the opposite.

Squeeze: The Squeeze is triggered when the Bollinger Bands fall to their narrowest value in six months. Squeezes often presage large moves. The Squeeze is quantified via BandWidth.

Walkers: Walkers are stocks that have remained in contact with either the upper or lower Bollinger Bands for more than a day.


FORMULAS:

%b = (last - lower_band) / (upper_band - lower_band)

BandWidth = (upper_band - lower_band) / middle_band

Bollinger Bands:
Upper = middle band + 2 * 20-day standard deviation
Middle = 20-day moving average
Lower = middle band - 2 * 20-day standard deviation

Click to Hide Tips

For more information on ET Ratings, refer to the features description in the ET Support section.
For more information on squeezes and walkers, refer to the glossary in the ET Support section.
In the Alert Signals section, all the table data reflect the values of the current selected date.
For more information on Example Buys and Sells Systems, refer to the glossary in the ET Support section.
In the ET Ratings section, all the table data reflect the values of the current selected date.
Recent Quotes Widget: displays the latest requested quotes and will be remembered from page to page. Any new symbol request will be added to the top of the quote list.
Screen for stocks within a specified group or sector by their percentile rank in overall market, parent group or grandparent sector.
Screen for stocks based on a wide range of criteria: price range, average and normalized volume, alphas and betas...
In the Alert Signals section, pick any date in the left menu and select either the positive or negative Pivots or PowerShifts to display them.
For more information on PowerShifts and Pivots, refer to the glossary in the ET Support section.
Bollinger Bands patterns: Squeezes, upper or lower bands walkers, stocks below or above the lower bands or upper bands respectively...
Screen for historical Bollinger Bands patterns. Searches can be narrowed down to a specific date, a specific price range and minimum volume average.
Risk Adjusted Historical Return: Annualized historical return divided by negative beta. This is the number the Performance rating is based on.
For Bollinger Bands formulas, refer to the ET Support section.
Clicking a stock symbol will popup the symbol's chart.
For more information on Bollinger Bands, %b and BandWidth, refer to the glossary in the ET Support section.
You can always view all the signals occurring in a symbol's history in any price chart.
Have alert PowerShift signals emailed to you by clicking the 'Alert Signal Emails' button on the left side of the screen under the date table.
Screen by wide variety of criteria and save stock results from Stock Screening by clicking the 'Save list to Portfolio' button on top of the results.
For more information Stock Screening criteria, refer to the features description in the ET Support section.
All major indices quotes are displayed in the ticker crawler on top of the page. Click any index name to plot the chart for that index.
In the Bollinger Bands Patterns section, all the table data reflect the values of the current selected date.
Screen for stocks based on a wide range of criteria: ratings ranges, potential ranking, risk adjusted returns...
EquityTrader Tips

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