DollarLink News -- March 31, 1996

Enhancements Added

End-Point Moving Average as a ChartLink

The End-Point Moving Average (EPMA) study that we added two months ago is now also available as a ChartLink.

Here is a a brief review of the EPMA.

An End-Point Moving Average is based on linear regression analysis. A regression line is a statistical concept (see the November 30, 1995 DollarLink newsletter). It is a straight line between a series of data points such that the sum of deviations of all data points from the line is the minimum. In technical analysis, the regression line typically represents a trend line that incorporates the effect of all price data. It is an effective tool because prices will tend to oscillate about the regression line.

An EPMA is similar to an arithmetic moving average in the sense that it needs a set of datapoints (as opposed to an exponential MA which requires only the value of the current exponential MA and the new price value).

Similar to the procedure for an arithmetic moving average, DollarLink calculates the definition of a regression line for a set of data. Then it computes the value of the last (rightmost) point by using the equation of the line. That becomes the first value of the EPMA. Then DollarLink repeats the procedure for the set of data shifted to the right by one datapoint. It continues in this fashion until it goes through all the data in the chart.

For bar charts, an EPMA can be based on opens, highs, lows, or closes of a bar. For intraday line charts, an EPMA is based on price data in a user-set number of minutes.

To create an EPMA ChartLink, in text mode press P (Portfolio) and then L (chartLink). DollarLink will then ask you the usual ChartLink-related questions.

Improvement to the Custom Text Layout

In addition to the default text screen layout, a DollarLink user can customize the various columns as he wishes. This is a convenient feature because it allows you to display the fields that you are interested in. For example, if you are an active intraday stock trader, instead of the default layout that is built-in, you may want to rearrange the fields in the following order:

symbol-name,last,bid,ask,bidsize,asksize,trade-volume,time

To access this custom layout feature, press C (Control), S (Settings), L (Layout) while in text mode. DollarLink will then allow you to define your own order.

One drawback the custom layout had was that the symbol names could not be color-coded the way they are in the default layout (red if the symbol is down for the day, green if it is up for the day).

Color-coding is a useful and popular feature and we have received many requests to incorporate that into the custom layout.

We now display the symbol names the same way as is done in the default layout mode. No matter where you decide to have the symbol name, it is now color-coded by price.

Upgrades Policy

Upgrades with the above enhancements will be available after the 15th of April.

Upgrades are yours for the asking, except for those customers who bought DollarLink but have not paid the annual support & upgrades fee. The upgrades always have the latest updated manual included as a file on disk; new printed manuals are available for $20 to cover production and shipping costs.

Preparing and shipping the upgrades is a lot of work for us, so please only ask for an upgrade if you are planning to use it.

Good Friday Holiday

DollarLink Software will be closed on Good Friday, April 5, 1996.

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