RamtaJogi— Hacking Life for Money and Fame.

8 responses so far ↓

• 1 DaveH // Oct 22, 2008 at 9:36 pm

  Thanks for the nifty calculator. I am getting an error sometimes. Usually if I just click again on “get corelation” it then works without error. But for some data it always gives the error. For instance:
  Ticker 1 = QQQQ
  Ticker 2 = PDO
  From Date = 1/22/2008
  To Date = 10/22/2008
  Run on 10/22/2008 after close of market.

  Do you have any ideas about why this happens.
  Thanks,
  Dave

• 2 RJ // Oct 23, 2008 at 11:47 pm

  Dave,

  Thank you for reporting the problem. I have fixed the bug and you should download the latest version from http://ramtajogi.in/co-relation-calculator/ and it should work. Let me know if you face any other issues.

  Thanks!
  RJ

• 3 Allen // Nov 23, 2008 at 5:53 am

  Hey there Ramta,

  This is Allen AKA SKM, been following you for about a week or two and really appreciate the work you’re doing on calculators and the way you document your trades for good and bad.

  Anyway, I’m sorry for disturbing you with this, but Vento doesn’t seem to comment back on his blog, and here’s a post I found on it that really got me thinking about how to evaluate support and resistance:

  http://thedailyvento.blogspot.com/2008/08/using-dayrange-as-support-and.html

  Basically he talks about using ADR(5) and how it’s a better indication, I just didn’t understand the mathematics on this one, especially when he says: “you need to subtract out the .50 that ABK gave up in the down move to 5.20.”

  To make what I’m trying to ask clearer: What are YOUR indicators and variables for setting support and resistance as a SHORT-term trader, I’m always dabbling and struggling with timelines on charts, trying to see what support and resistance this stock may have before the market opens, I’d really love an example or something.

  Thanks so much!
  Allen

• 4 johnnyvento // Nov 24, 2008 at 2:49 am

  Ramta can answer for himself but as far as my thinking is concerned, the average day range(5) gives a good guide as to how the stock moves over a day period, the prices are always changing but the ADR5 can be a good guide. If a stock has an ADR5 of 15% and is trading at $5.00, then its range is somewhere around .75. That .75 covers the entire intraday movement of the stock, both up and down. In and idealized scenario it would move in the same direction the entire day but that is not how stocks move in reality. If the price dips in the morning say .20 then recovers and goes above the open price, then you have a rough guide that the long would be around $5.55 max. In other words if the price went above $5.55 and started going back down, you should think seriously about taking profits because the stock is outside its normal day range. These numbers are just guides. If you have any questions please email me at johnnyvento@gmail.com.

• 5 Yngvai // Dec 3, 2008 at 9:07 pm

  RJ,

  I think there’s a bug in your correlation calculator.

  I was testing my Stockfetcher correlation calculator. I tested a sample of 10 days, from November 19 to December 3rd. I tested FRZ. My correlation calculator shows the following:

  Dow Green/FRZ Green 57.1% (4 out of 7 days)
  Dow Green/FRZ Red 42.9% (3 out of 7 days)
  Dow Red/FRZ Red 66.7% (2 out of 3 days)
  Dow Red/FRZ Green 33.3% (1 out of 3 days)

  These are the correct numbers.

  However, when I run it in your correlation calculator for the same date range, I get the following:

  Dow Green/FRZ Green 66.7%
  Dow Green/FRZ Red 33.3%
  Dow Red/FRZ Red 66.7%
  Dow Red/FRZ Green 33.3%

  The first two numbers aren’t correct.

  The disparities become even greater when I back-test stocks and use a greater date range.

• 6 Yngvai // Dec 3, 2008 at 9:36 pm

  Never mind…I just ran it again and it seems to work fine now

• 7 vinay // Oct 21, 2009 at 10:35 am

  i want to know abt ur calculator thanks

• 8 Tort // Nov 22, 2009 at 12:08 am

  i sent you email
  -Tort

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