Stocks & Commodities V. 24:5 (68-70): Product Review: Technifilter by Dennis D. Peterson
Product Description
Stocks & Commodities V. 24:5 (68-70): Product Review: Technifilter by Dennis D. Peterson
Technifilter is designed to apply criteria to a list of stocks. The criteria can come in the form of a canned plug-in like Darvas boxes or the swing volume tool, or it can be in the form of a formula. The end of day (EOD) data can be in one of several formats: MetaStock, TeleChart 2000, AIQ TradingExpert, Dow Jones Market Analyzer PLUS, or ASCII. Reports are produced using Notepad.
CHARTING
Technifilter charting covers the basics. Since Technifilter is located in Australia, getting help on charting questions may not, for most of us, be an easy phone call away (although the response is prompt via email). Technifilter comes with a program guide and two other manuals: “Reports, Strategies & Formulas” and “Technical Analysis & Formula Writing,” both of which are excellent references and are printed on heavy bond letter-sized pages: definitely a classy look and feel. Charting appears in chapter 7, which gives you an idea of where it stands in the priority scale.
You can get several charts (Figure 1) on a single screen and with the right combination of clicks, you can draw horizontal as well vertical lines and insert Fibonacci retracement percentages. You can do this by right-clicking a trendline drawn from the pivots of interest and selecting retracement. While Technifilter doesn’t advertise its charting capabilities, most users will find the capabilities more than adequate.
Technifilter is designed to apply criteria to a list of stocks. The criteria can come in the form of a canned plug-in like Darvas boxes or the swing volume tool, or it can be in the form of a formula. The end of day (EOD) data can be in one of several formats: MetaStock, TeleChart 2000, AIQ TradingExpert, Dow Jones Market Analyzer PLUS, or ASCII. Reports are produced using Notepad.
CHARTING
Technifilter charting covers the basics. Since Technifilter is located in Australia, getting help on charting questions may not, for most of us, be an easy phone call away (although the response is prompt via email). Technifilter comes with a program guide and two other manuals: “Reports, Strategies & Formulas” and “Technical Analysis & Formula Writing,” both of which are excellent references and are printed on heavy bond letter-sized pages: definitely a classy look and feel. Charting appears in chapter 7, which gives you an idea of where it stands in the priority scale.
You can get several charts (Figure 1) on a single screen and with the right combination of clicks, you can draw horizontal as well vertical lines and insert Fibonacci retracement percentages. You can do this by right-clicking a trendline drawn from the pivots of interest and selecting retracement. While Technifilter doesn’t advertise its charting capabilities, most users will find the capabilities more than adequate.
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