I am looking into getting a realtime software package that will allow me to look at stock spreads/pairs....ie a chart of SPY minus QQQ. I know Neovest's First Alert and Trade Station offer customizable spread charts, but I am wondering if there are other packages available (preferably at a lower price). Any help will be greatly appreciated.
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Interested in spread/pair trading
- Thread starter bad_dog
- Start date
Nextrend has a free delayed service (try this before you pay for anything), a $14.95 real-time, $49.95 real-time, $79.95 real-time.
For real-time the $14.95 should work just fine. All the above services allow you to do spreads.
Below (in the attached file) is a 5 minute line chart of the SPY/QQQ spread (to show you an example). You can go anywhere from 1 minute up to monthly bars.
___________________________
To chart a spread in Nextrend, create a formula and add the formula to the chart.
How to create the spread formula:
Select the "Formula" icon on the left
Select "Add"
Type in a Formula name example"Spread"
We are going to create the formula so that you can use different symbols on
the same formula or if you want type in the specific symbol
This is the expression: ?1.LAST - ?2.LAST
Select "Check" to make sure there are no type-o's
Select "OK"
Select "Close"
Now add the Formula to a chart
Right-click over the background of the chart
Select "add elements"
Select "Formula"
Select the dropdown for Formula and select the spread formula
Replace the ?1, ?2 with the desire symbols for the spread (SPY, QQQ)
Select "Finish"
___________________________
http://www.nextrend.com/analysis/content/SvcLvls.asp
For real-time the $14.95 should work just fine. All the above services allow you to do spreads.
Below (in the attached file) is a 5 minute line chart of the SPY/QQQ spread (to show you an example). You can go anywhere from 1 minute up to monthly bars.
___________________________
To chart a spread in Nextrend, create a formula and add the formula to the chart.
How to create the spread formula:
Select the "Formula" icon on the left
Select "Add"
Type in a Formula name example"Spread"
We are going to create the formula so that you can use different symbols on
the same formula or if you want type in the specific symbol
This is the expression: ?1.LAST - ?2.LAST
Select "Check" to make sure there are no type-o's
Select "OK"
Select "Close"
Now add the Formula to a chart
Right-click over the background of the chart
Select "add elements"
Select "Formula"
Select the dropdown for Formula and select the spread formula
Replace the ?1, ?2 with the desire symbols for the spread (SPY, QQQ)
Select "Finish"
___________________________
http://www.nextrend.com/analysis/content/SvcLvls.asp
Attachments
Look into linnsoft.com. The catch is you have to predefine the spread before it starts to catch the ticks. Example: If you want to start looking at the PSFT / MSFT pair, you define a formula. At that point you will start collecting the ohlc of the pair and can't look back. Nice thing about it is that it catches the open hi low close. Not like other packages which just traces a line of the current difference.
Also try neoticker.com and aspengraphics.com
Hope this helps
Also try neoticker.com and aspengraphics.com
Hope this helps
You should be able to do this with Stock Watch Pro. Setup a custom chart study using this formula:
Bar[Close,D,0,AMEX:SPY] - Bar[Close,D,0,AMEX:QQQ]
Steven Norton
Cron Technologies
http://www.crontech.com/swp
snorton@crontech.com
Bar[Close,D,0,AMEX:SPY] - Bar[Close,D,0,AMEX:QQQ]
Steven Norton
Cron Technologies
http://www.crontech.com/swp
snorton@crontech.com
I've heard that AT Financial has good spreads (www.atfi.com). If your broker uses RediPlus, they now have fixed their spread indicator (as of the 2/21/02 version) and it provides the spread on whatever timeframe you choose.