Using Volume and Volatility to Find Trade Opportunities
Wednesday, November 30, 2016 14:30 MST » 16:30 EST
Both Volume and Volatility measurements contain useful information for spotting trading opportunities in stocks. However, harnessing their usefulness has often been neglected. Although there are literally thousands of price based indicators used to select stocks, there are very few developed for Volume and Volatility. Both of these tools are non-directional so the user needs to decide on the direction of the trade. However, I will suggest some techniques to consider.
The bottom line is that these tools can easily locate a list of stocks that should be examined for possible trading opportunities. I will provide a live demonstration of how to do this and work through the list of selected stocks with appropriate trading ideas.
You will learn about 2 trading tools I developed to measure Volatility and Volume. I will be providing the code to these tools in the webinar so you can create them yourself. Although I will be working on the TradeStation platform, traders may well be able to translate these ideas into code on their own platforms.
About Our Speaker
William Brower, CTA is a TradeStation expert skilled in design and development of trading systems. He specializes in understanding the needs of traders and providing solutions in TradeStation. Much of this involves training users on the use and limitations of the software including one-on-one telephone guided training sessions on how to maximize the use of the software.
He has provided full time training and programming support services for TradeStation users since 1992. In addition, he has developed trading strategies for commodities and futures, equities, equity options, index, index option, FX including trend following, spread trading, market neutral, pattern recognitions and various other kinds of trading systems. He also assists clients in evaluating reward-to-risk characteristics of their trading strategies and portfolios. He also developed and markets software for risk control and portfolio rebalancing.
He began working with TradeStation software in 1992. From January of 1994 to December of 1999, he published TS Express, a bi-monthly "Journal for Informed Users of TradeStation" providing a forum for trading research related to risk control, trading methods, day trading, short term versus long term strategies, trade selection, entry filtering, volatility based trading, position sizing, event trading in index, energy, currency markets and other advanced trading system development issues.
TradeStation Securities (formerly Omega Research) chose him to be their EasyLanguage columnist and Contributing Editor for their quarterly Journal. He was a frequent speaker at the Futures and TradeStation conferences. He has appeared on CNBC with John Murphy. He has written articles for both TASC and Futures magazines and for Trading Planet.com. Mr. Brower has written and published two books on how to design and build trading systems. He was the first to develop and offer commercial software to perform Monte Carlo Simulation for a portfolio reward-to-risk analysis specifically tailored to the needs of TradeStation users. He currently offers a 52 week in-depth course in learning Easylanguage, the programming language behind TradeStation.
Mr. Brower currently resides in Redding, CT where he works from his home providing full time trading and programming consulting services to a world wide clientele. Mr. Brower holds degrees in Electrical Engineering and MBA, Finance.
What others have to say about William Brower:
"I have been using and writing systems for TradeStation since Day One, (I have Block No.1); When I need help on code there are only two people I call: Mark Mills at TradeStation or William Brower at www.InsideEdgeSystems.com" -- Joe Krutsinger, CTA, JoeKrut.com
"Your module one is excellent. So very much new to think about and how to develop different trading strategies. Your tool trader strategies PDF is very good, but please keep me informed if you develop or add any new ideas." -- Don W
Amount of historical data varies from 30 days to 14 years depending on the membership you choose.