Attn: QCharts Users

Quote from mcondra:

In the last four+ years I've been privileged to work in an industry I love, AND to talk daily with perhaps the most intelligent and entrepreneurial people on the planet -- independent traders who read boards like EliteTrader, and who subscribe to charting services.

YOU, who routinely put your families' welfare on the line in self-directed trading, who undertake to manage your own finances in an unforgiving market, are MY heroes.

You would like to find a data and charting vendor as committed to your success, as are you. To use a little hyperbole, the company selling the service should be so totally focused, they’d march into hell and put their careers at risk to give you timely quotes at market open. (If the stock you owned opened low on bad news but bounced, could you have traded it?) A take-me-to-hell-now-if-it-fails commitment to success should exist all over the place. People at eSignal are highly committed. But I am getting ahead.

I have been doing the same thing as you: trading when possible (sometimes fast); looking for strategies; talking with traders; playing nightly Trivia occasionally on mIRC OtherNet #daytraders (secret weapon: a T1 line); subscribing to advisory services; scanning the market; trying to make a 1000-stock quote sheet into an intraday stock-screening tool; trying to do fancy stuff in Excel with streaming time and sales. Because I had an opportunity, I looked for ways to make things easier and more understood. But most of all, I channeled YOUR continuous stream of good ideas, so they became part of the service. And as YOU collectively have several thousand brains, while I/we have only a couple, any progress in the last couple years was YOUR doing. An eSignal manager offered that continuous, incremental improvement is the standard mode of operation. But I am getting ahead.

My good luck continues; I am honored to get to work on eSignal’s charting code, and to continue talking with traders as I have. The belief is that, through an ongoing, anywhere/anytime exchange of ideas, questions and suggestions, eSignal data and services can become and remain your preferred trading partner. And that you can make more money.

If you look at the eSignal web site, it’s hard not to notice the large number of services available. Where to start? eSignal’s long-term plan, I believe, runs like this: with eSignal data and tools, you will be able to chart and trade ANYTHING, ANYWHERE, on the platform of your choice, at ANY time. You will be able to put a BlackBerry on your desk at your internet locked-down place of employment or commuter train, watch a stock and trade it. You will be able to roll your own web-aware eSignal studies in the EFS JavaScript language and sell them, and exchange portfolio and watch lists between handheld and desktop programs. And you will have access to a continually growing set of data and exchanges.

eSignal is democratizing the process of writing charting software, through its use of EFS JavaScript for studies and perhaps other charting components. EFS is to eSignal what Windows 1.0 was to Microsoft: the seed of an excellent idea, whose implications will become clear.

One week ago had I written this note, it would have read: “I have moved to eSignal, and look forward to the opportunity to work with you in the near future.”

Now the letter says, in short: “eSignal is a great company, and the logical place to look for data and tools. The people are committed; the quotes are timely and reliable. You can write and sell your own studies in a 21st-century net-aware programming language. The code is solid; and the prospects for the future just rock. You’ll be tempted to go there on your own soon enough, no matter what I say. When you do, let me know if we/I can assist.”

Mike Condra
Yahoo IM: mcondra
AIM: mcondra9
More...

Mike get Esignal to integrate some real time "Hot List" like features will ya?
 
eSignal's data feed quality is definitely better than Qcharts's. The reason I stay with Qcharts is:
1. Charting is better.
2. All historical data is available, while eSignal has only 60 days.
Mike, Please ask eSignal to copy these merits from Qchats. I'd surely switch if they are implemented.
 
>> Mike get eSignal to integrate some real time "Hot List" like features will ya?

I am sure your request will be read by those at eSignal who work on server-side calculations.

The main ingredients to a hot list are a calculation and a ranking. So, please suggest the calculations you'd like to see done on large collections of stocks, and what ranking makes a stock part of the hot list. Example: sort some domestic exchanges by the rate at which block trades occur, filter out stocks with low float and price, and show the rest, sorted by price * volume (money changing hands), and report the in that order.
 
>> need all fork features from qchart , 3 buttons for 3 kind of forks, thnx.

Good idea; thank you.

There could be, imho, a little drop-down menu for each drawing tool button, into which you would drag/drop your own favorite customizations: "MyBlueLine," "MyRedDottedRay," "My3LevelRetracement," "My15LevelRetracement," etc. To create a copy of a customized line, one would click on the generic toolbar button (e.g., "Retracement"), watch its little menu unroll, then click again or release on a menu item, e.g., "My15LevelRetracement". The drawing tool would then be created as usual, but with customized settings (15 retracement lines, special colors, labels, etc.).

This approach would prevent a proliferation of buttons, BUT give you quick access to as many tool variants as you want.

And, there needs to be a way to manage the collection of such settings, so they can be combined and shared. (A web-based drawing tool registry, perhaps.)
 
Quote from mcondra:



The main ingredients to a hot list are a calculation and a ranking. So, please suggest the calculations you'd like to see done on large collections of stocks, and what ranking makes a stock part of the hot list. Example: sort some domestic exchanges by the rate at which block trades occur, filter out stocks with low float and price, and show the rest, sorted by price * volume (money changing hands), and report the in that order.
More...

Here you go:

Hot Lists are designed to scan the market for opportunities and alert you to new opportunities in the market as they happen - to spot the market-movers before they show up on CNBC and everyone else hears about them. .

The lists are updated every 30 seconds. You can see the top 100 stocks in each category.


Hot List - Name Description

US Stocks: Trade Rate - Stocks with the most number of trades in the last 30 seconds
 
I would also like to see other vendors copy QCharts HotLists. That is one of the main reasons I still have a QCharts subscription.

I use these every day:

NASDAQ Stocks Volume Rate
NASDAQ Stocks Trade Rate
NASDAQ Stocks Most Volatile
NASDAQ Stocks Largest Range

I use these on some days:
NASDAQ Stocks Very Short Term Up
NASDAQ Stocks Very Short Term Down
NASDAQ Stocks Unfilled Gaps

I would want to be able to see this data
in tabular form with the ability to add additional
columns (QCharts lets you import symbols from
a HotList into a QuoteSheet where you can add
additional columns).

Also, I would want to be able to filter the results
e.g. price > 5, volume > 500k*%time_of_day, etc,
i.e. only shows tickers with price greater $5 and volume
greater than 500k prorated based on time of day.
 
I totally agree with the previous post, this was the only reason I used QCHARTS until recently I could not take their data anymore.
 
Terra considers 'alternatives' for Lycos
By Jim Hu
CNET News.com
April 29, 2004, 10:19 AM PT

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Spanish Internet company Terra Networks on Thursday acknowledged it is considering "different alternatives" for its Lycos division, according to a U.S. regulatory filing.

As first reported by CNET News.com, the Madrid, Spain-based Internet company has retained investment bank Lehman Brothers to explore a sale of its Lycos operations in the United States. For the past few weeks, bankers have distributed copies of a document to potential suitors outlining a business case for acquiring Lycos.

In a statement, the company said it is "currently involved in a reviewing and analyzing process on some of its operating units. As part of this global process, different alternatives are being analyzed for Lycos U.S. No definitive decision has been adopted so far."

Although no purchase price was listed in the Lehman document, Terra is looking to sell Lycos for $200 million, according to one source familiar with the offer.

Purchasing Lycos would also mean acquiring its numerous "vertical" properties such as financial site Quote.com personals service Matchmaker.com, Wired News and Web hosting services Angelfire and Tripod. Lycos also has jumped on the lucrative commercial search business stemming from its relationship with Google.

Lycos generated $98 million in revenue during 2003.

Terra acquired Lycos in 2000 for $12.5 billion in a deal that touted the marriage of Internet access and Web content. But soon after the merger, the company was crippled along with its peers during the dot-com collapse. That hardship was further exacerbated when German media giant Bertelsmann renegotiated the remaining $675 million of a $1 billion advertising commitment it made as part of the Terra-Lycos merger.
 
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