Develop an Indicator for Bloomberg Terminal (App Portal)

[w4rn1ng]

Hello, I do trade mainly forex from around a decade, and use metatrader as trading software, and i'm a pretty good coder/programmer there.

Now, i have developed a sort of indicator that is quite unique, i use it from 6 years or so, and it's just very interesting, it just show the structure of the market/chart in a way that is simply not found everywhere else.
It is very useful and it give very detailed and important informations about the structure (the various waves within waves) of the market/chart, so i think that it have a big value.
I used it from when i've created it, and it's the only indicators i keep using all the time.

I've searched on internet various times looking for it, to see if somebody else did developed it before or did had the idea about the concept (very natural one) that is at the base of it, but never found anything.

So we can say that it's really unique.
Regardless its potential high value, i've never thought about "commercialize" it, for the simple fact that in today world information is free and i've never thought that i could get the profit it deserve in sharing it with the traders world.

Recently i was reading about this bloomberg terminal app portal, where you can basically build an app (or an indicator) and "rent" it to the bloomberg terminal users, and it seems that there is really a decent profit opportunity there (320.000 bloomberg users), even catching 1% of them would be a jackpot.
By the way i think there is the potential to catch each (or the majority of) user who like to watch and study charts in their trading decisions process.

So, i'm asking for suggestions here, i have no experience in this field, and i have no experience in the bloomberg terminal app programming language (and i don't want to spend time and efforts in learning it), so i would need to work with an experience programmer there so that i can instruct him about what to code (actually it's not a huge code, it can be written in 10 minutes).
I also don't know nothing about patents and copyright laws etc. (the first step would be to take care of this stuff in order to avoid ugly situations).

All i got is something of potential value for professional traders and the willing to explore the idea of commercialize it.

Any comment, idea and suggestion is more than welcome!

 

[Chris Mac]

catching 1% of them would be a jackpot

1 pct is enormous. Maybe Tom DeMark reaches this number, because he makes lot of adversing . But if you find 100 suscribers, that would be a good score. There are too many different users profile with a Bloomberg. Better make money trading rather than marketing!

CM

 

[w4rn1ng]

1 pct is enormous. Maybe Tom DeMark reaches this number, because he makes lot of adversing . But if you find 100 suscribers, that would be a good score. There are too many different users profile with a Bloomberg. Better make money trading rather than marketing!

CM

Yes Sir, i understand your point.
Clearly it is not easy to believe me when i say this is the next big thing, and that almost everybody will use it just below each and every of their charts.

Tom DeMark have worked hard on marketing and his work (various indicators and methods) are well known, however, i would be surprised if 1% of traders use it (and even pay for it!), my "indicators" have nothing to do with the usual things we see on the indicators market place.

It is about informations you get from the historical prices, think for example a century ago, there were not charts, only tape readings.
No charts patterns, moving averages, fibonacci, candlestick formations, volume analysis, no trendlines... Nothing of all this! Just numbers on a long funny piece of paper.

Of course as soon as the charts were "discovered" (really, a natural discovery, just put price and time in 2 axis and that's it) everybody started to use it, now everybody who want to see historical information about an instrument, he open the chart, right? He don't just "tape read".

My indicators are the next logical and natural evolution of the "charts", it is about organize the historical information and show them in a better and more detailed and powerful way.
Same as the transition from tape-reading to charts-reading (the information was the same, price/time for tape reading, price/time for charts. However, the way it is organized and assembled make a huge difference, in fact looking a chart you can make way better trading decisions than just looking a tape-reading pieace of paper).

Now again, same information (price/time), but the next step in organizing and assembling it, we can see the historiocal information in such a more powerful and detailed way than simple charts, that nobody will ever look a chart again without this "indicators" below it (in the same way that nobody do make a trading decision today by looking historical tape reading instead of looking at a "normal" chart).

Information is very valuable when making trading decisions, information is money.

That's why i believe there is the potential for something bigger than 1%, i am pretty sure that 100% of chart-users is realistically achievable, and i also believe that once this thing is out, it will start also popping out everywhere on internet as "free-pirated" versions for various trading plaftorms (the information always find a way to freedom), as well as "not-free" versions too.

Basically, patents and copyrights cannot prevent the spreading of it in "free" versions, the same as microsoft windows is widely spread in pirated ways, yet microsoft do make enough profit from the professional users (companies all around the world that have to pay for windows), my idea is to at least make profit from professional traders (bloomberg terminal users and others) that use it, regardless of the profit missed from retail traders that develop, share and use it in a "pirated" way.

There is profit to be made, and i'm looking to find the best way to make most of it.
I also think that once professional users will have to pay for it (like 500usd or 1kusd per month) they will be incetived to let this information not spread out in the "free world", but i'm not sure about it though.