DollarLink News -- May 30, 1995

Enhancements Added

Trades-At-Bid or At-Ask Custom Index

We have created a custom index that attempts to measure traders' opinion of a stock's price direction. The index keeps track of all the trades that were done that day at the ask (or bid) price. The idea behind the index is as follows: if the buyer is willing to buy at the ask price (rather than at the bid or somewhere between the bid and the ask), then he is bullish on the stock and is willing to pay a little more right now. Similarly, if a seller is willing to sell at the bid, it means he is bearish on the stock.

Each index (bid or ask) keeps a running daily total of all the trades that were executed at the bid or at the ask.

A useful application of this concept is to create one index for the trades at bid and another for the trades at ask. Then create another custom index which would be trades-at-ask index divided by trades-at-bid index. If you then chart this final index, the trend of that chart often tells whether the bulls or the bears are dominating. In other words, if it slopes upward as the trading day progresses, it means there are more at-ask trades than at-bid trades which indicates buying pressure.

Autorepositioning and Price Tickmarks

In DollarLink, the user can either specify the interval of the price tickmarks on a chart or let DollarLink determine it automatically. The drawback of doing it automatically is that sometimes DollarLink comes up with non-whole numbers for the tickmark intervals.

Until now, if the price went outside the current chart window and DollarLink had to rescale the window's coordinates in order to fit all the chart data, then it may have modified the tickmark size. Now, if you specify the tickmark size [by pressing G (Graph), R (Rescale) and U (User-set tickmarks)] while in graphics, DollarLink will ask you if you want to preserve the tickmark size even if it autorepositions the chart. It will then keep that tickmark interval.

Dow-Jones Over 4400 and Charts

Due to a numerical limitation that was programmed into DollarLink several years ago, DollarLink would not chart a price higher than 4400. (It stores the data correctly, though.) Thus, when the Dow-Jones went over 4400 about a month ago, we got a lot calls from DollarLink users.

Well, it took us a few days to remove that limitation from DollarLink and we've sent out a lot of updates with the fix.

If you are seeing this problem with your DollarLink and would like to correct it, please request an update from us. All updates are free to currently active customers.

Active customers include all renters, all those on a six-month lease, all purchasers within the last 12 months, or purchasers who have paid the $300 support fee within the last 12 months. Call us if you wish to check or change your status.

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