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Hello. We’re adding an important new feature to the configuration window in Trade Ideas Pro. Earlier videos demonstrate the “Show Me†feature for filter setup available from the search tab and the filter tab in the configuration window. We’ve added a graphical feature to let you get a better view of the distribution of stocks and how changing the minimum and maximum values for a filter will affect the stocks you will see in your windows. Here’s how to view this window: the Minimum slider sets the values for the minimum filter, the Maximum slider sets values for the Maximum filter. Moving a slider to its end clears the values. Here we can see the name of the filter, in this case, Price. And we can see with both the minimum and maximum clear, we’re looking at a universe of almost 7,000 stocks for the market in general. We can apply this to selected exchanges and filters and I’ll show you how to do that later in the video. Moving the sliders for the minimum and maximum of the filter shows you how the values can affect how many stocks you’re going to see in the window. Now, let’s take a look in detail at using the histogram to configure the Price filter: 2 Histogram Price lesson 1, part 1: Let’s look at price using the new Histogram. What are reasonable values for this filter? We usually set default values for price between $1 and $100 this is because most of the stocks in the major markets are between those prices. But let's look at the extremes... It looks like it goes down to a penny. That's pretty rare for the major markets; they usually get pushed off the major markets to the Over the Counter bulletin boards and Pink Sheets exchanges. And the prices go up to, ooh, over 121,000. I'm going to guess that's Berkshire Hathaway. You can drag either slider off the end to say that you don't care. That you'll just take the largest values out there. You could set the max to 121,200, but what if this stock trades tomorrow at 130,000? The point is, leaving Max blank gives you the largest possible value. It's the same with the Min value. It gives you the Minimum possible value. Did you know there were stocks that trade that high? this is also a great learning tool to learn about the types of stocks that are out there. See there are only about 20 stocks that cost over $228. And only 5 that cost over $800 per share. So, what exactly does that tell you? There's a lot of interesting stuff out there. 3 Histogram for Earnings date lesson 2, part 1: Let's look at the chart for the Earnings Date filter. The chart is interesting. We can see the oldest stuff is about 20 days old, and newest stuff 20 days in the future. And although there is an earning's report almost every day, most of them are in the same period. So we have about 3,000 that are between 3 and 20 days old and 285 that are newer than 3 days old or in the future. And of the total of about 7,000 stocks that we're looking at here, only about half have an earnings date that is reported in this time frame. Again, we're only looking at about 20 days ahead and 20 days back. That's 20 trading days, so a month in the future and a month back.
4 Histogram Up from the Close lesson 2, part 2: Let's take a look at the show me chart for Up from the Close. As you can see, most are in the middle, which is normal. And on the low end, we have something down $14.49, wish I had shorted that. And on the upper end, wow! Look at the high end; something is up over $1000 a share - bet I know what that one is. That’s a pretty wild range. So if you're interested in this filter and what value a stock is up or down from the close, you probably don't want these extreme values. They're just so much different compared to normal stocks. And you can see there's nothing like this high-end outlier, not even close. The simple way to get rid of the extremes is to drag this to where you feel comfortable, perhaps about $1 down and $1 up. There's another approach. I was already looking at stocks that trade between $1 and $100. And I can't imagine a stock that is valued at $100 being up or down by $1000. So now let's limit this to just my filters. Sure enough, most of the extremes went away. Now most are between up $2.66 and down $0.77. So you can see how powerful this is to find the universe that you want to trade nd ignoring the other stocks. Of course you can do simple things like look at stocks that are up for the day by placing the minimum at 0. Or I only want stuff that is down for the day, by selecting the Max of 0. And you can see by what is highlighted what is selected. You can just click on OK to get this filled in immediately. [cut some of the show me stuff "see the same thing"] What if you don't like the normal stocks? Here is a feature that's always been available but is sometimes confusing to people... So now you can see that I've selected the extreme stocks and gotten rid of the normal stocks. Here I'm getting stuff that is way up and way down. And I can review the same thing in English. 5 Histogram Position in Range lesson 2, part 2: Let's take a look at another filter, like the Position in range filters. Looking at the market today, most everything is green. So let's see what the individual stocks look like. You'll notice that the range goes from 0 to 100. That is exactly what the documentation says about position in range, always a value between 0 and 100. Notice a whole lot is way up, then it trails off. Stuff has just been going up for an hour. And down here, there is a bar here on the left. There are a lot of stocks at the bottom. And I suspect these just haven't moved very much. And the 30 minute range is similar, but spread out a little more. And again this one little bar shows almost 1000 stocks at about the bottom 10% of their range. It's stuff that just doesn't move a lot. [cut some] Let's look at the 15 minute position in range. Again same general trend. But now moere that haven't moved. There are more stocks that move every 30 minutes compared to every 15 minutes. Now the 5 minute position in range. This shows even more of a difference. Some is up, some is down. Let's look more closely. See how there are nearly 7,000 stocks we're watching. And how there are only a little over 4,000 that are between 0 and 100 in the last 5 minutes. The rest, there jsut isn't any data. They haven't moved at all in the last 5 minutes. There are over 4,000 at the extreme, and spread out in the middle are about 1,700 stocks. they're just hard to see. we can spread this out to try to see them. And almost all of them are in the top half. Now with my own filters, we see pretty much what we expect. 244 that meet my criteria in general. But applying my filters gets rid of most of the inactive stocks. And here we can see my filters. All I filtered out were the low volume stocks.
