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Aspen Graphics 4.2 User Manual

1. EA 4 Highlight an empty cell on the portfolio spreadsheet and insert the Aspen Graphics Tick function using the following parameters El Microsoft Excel Book1 Ee z 2 i Eile Edt view Insert 2x a eis AspenTick E a Symbol Portfolio1 Portfolio1 tatlaa a o Price Es Ej 215 7200031 LINEST X YE ae Sa eee 3 85 3 Bate xj 55 34 Tkyol 27 52 16 9 False Portfolio1 215 72 30 66 No help available Total 215 72 a Price iot BS Formula result False Portfolio1 215 72C Help on this Function Cancel pr Left Click Ok to return to the spreadsheet 6 Switch back to Aspen Graphics and display an intraday chart 0 1439 minutes and enter the name of the new symbol The data should update on the chart as the values update in the Excel spreadsheet Appendix A Custom Page Walk Through The ability to save and retrieve user designed screen setups enables you to customize Aspen Graphics to suit your trading style In working with Aspen Graphics you will hear the terms Windows and Pages used often What are they An Aspen Graphics window is one area of information on your screen In the example below two chart windows two quote windows and a news window are displayed on the screen When a window is retrieved from memory it will be added to what is displayed on the screen when it is recalled There is no limit to the amount of win
2. The Chart Function The chart function is a very powerful and unique feature of Aspen Graphics It is a function just like rmin or max but it allows the user to create a virtual chart setting a time frame and other chart settings for the formula When Is the Chart Function Used There are three instances when you need to use the chart function in a formula o To display formula values in a quote window o To set alarms on formulas or studies that include functions calculated over more than the current bar The chart function allows the user to reference historical data and therefore set alarms on formulas and studies that reference past bars o To use more than one time base in a chart The chart function allows the user to display studies with different time bases such as a 60 minute RSI and a daily RSI together in one chart What Parameters does the Chart Function pass on to a Formula When a study or formula is charted some of the inputs for the study are defined by the chart in which it is displayed These parameters are not available on a quote page or an alarm unless the chart function is used Display or close up gaps for holidays Chart Properties Local General Scale Data colors Continuations M Display bars for day session Remove gaps in chart Global F Include data outside market hours F Calculate on each Tick F Span gaps with a Last Price Us
3. icon on the DDE Toolbar The data for the NGStrip bar chart can now be displayed on a daily chart in Aspen Graphics This last procedure needs to be performed after market hours each day An Excel macro can be set to automate this process An advanced Excel macro user may be able to write a macro that performs this procedure automatically after market hours Creating a Database in Excel The following example shows how to automate building a database in Excel using the macro writing feature his feature is useful for archiving data which isn t stored in Aspen Graphics data files 1 e study values or custom formula values It is also useful for automatically posting daily closes or any other value in Excel for reports or further analysis Although this automating process requires opening Excel once a day and performing a few keystrokes in this workbook it greatly reduces the time required when compared to copying and pasting the values every day 1 Create a live link between Aspen Graphics and Excel with the data that needs to be archived This example uses the daily close for Soybean futures DDE Link Generator Helper Dialog x Quote History Option Formula Fundamental Symbol se Select From List of Available Elements Selected ShortList C Long List CLOSE x Element Description Closing price for the day El Clear Selections QMASTER QUOTE IS CLOSE Copy Link Cancel
4. By itself this code will give us a chain of all currently traded contracts starting with the nearest to expiration HU This macro returns all the contracts for unleaded beginning with the month nearest to expiration number This will provide a chain of the next x number of contracts This is particularly useful when a contract trades many months into the future for example Eurodollar and Crude Light CL 8 This will give us the next 8 Crude Light contracts Continuing Contracts When looking at a long term futures chart it is often not sufficient to simply look at the currently traded contract there may be little or no activity in the current month What is of more use is to see how the contract that was the front month at the time performed For this we use continuous contracts Continuations simply chart each contract end to end based upon the expiration date of the contract Depending on data vendor there are one or two types of Continuation Contract available to users of Aspen Graphics Subscribers to Bridge Reuters and to a limited extent PLATTS can make use of those data vendors proprietary continuous contracts Irrespective of data vendor all Aspen Graphics users can use the Aspen Continuation charts The continuous contracts offered by some data vendors are assigned a separate symbol symbol root followed by cl for Reuters and by 1 for Bridge The data for the current contract is used as the
5. Default Parameters Settings Field Value Color D Yellow Color K Green Graph D Line Graph K Line Line Style D Solid Line Style K Solid Line Width D 1 pixel Line Width K 1 pixel Period 9 Related Aspen Graphics Functions fstoch for the Fast K line fstoch 1 14 sstoch for the Fast D line sstoch 1 14 3 Key to Examples 1 Placeholder for a symbol that will be supplied later 14 Number of periods in the Fast 217 K line 3 Number of periods in the Fast D line These functions allow you to use the lines of the Fast Stochastic study in color rules and alarms as shown in the following examples Color Rule Example if fstoch 1 14 gt sstoch 1 14 3 and fstoch 1 14 1 lt sstoch 1 14 3 1 and fstoch 1 14 lt 30 clr_green if fstoch 1 14 lt sstoch 1 14 3 and fstoch 1 14 1 gt sstoch 1 14 3 1 and fstoch 1 14 gt 70 clr_red clr_yellow This three part color rule will turn a bar green when the Fast K line has a value under 30 and has crossed above the Fast D line it will turn a bar red when the Fast K line has a value over 70 and has crossed below the Fast D line and it will leave all other bars yellow Alarm Example chart fstoch sp 14 gt sstoch sp 14 3 1 60 1 100 1 1 make sure to set Trigger When State to Changes This will trigger each time the Fast K and Fast D lines cross based on hourly bars
6. o Trigger State Set the alarm to be activated when the Trigger Condition is True False or when the current status Changes Selection depends on how the Trigger Condition is written The Changes selection is probably best used when triggering the crossing of two study lines o Enabled Disables or enables the alarm o Auto Delete Automatically deletes the Alarm after triggering o Visual Alert Toggle the visual alarm window on or off o Trigger Frequency Continuous configures the alarm to trigger continuously Daily Configures the alarm to trigger once a day Once Configures the alarm to trigger once o Audio Alarm Configures the alarm to place a specified wave file Use the up and down buttons to scroll through the possible wave files o Audio Repeat Selecting this option will configure the alarm to repeat an audio alert every 10 seconds until the alarm is disabled Deselecting this option will configure the alarm to play the audio alert only once o Frequency Never configures the alarm to never send an email Always Sends an email every time the alarm triggers Once Sends the email only once when the alarm is triggered o Configure Email Launches the setup options dialog for configuring email preferences o Recipient s Configures one or more email addresses as recipients when the alarm triggers Separate multiple addresses with a semi colon myEmail email com yourEmail email com
7. Bask Basksize Basktime Baskx Bate Bbid Bbidsize Bbidtime Bbidx Bid Bid2 Bid7 Bidsize Bidsize2 Bidsize7 Bidx Code Description The most recent Ask Ask2 is the second most recent Ask Ask7 is the seventh most recent Ask The volume size of the most recent Ask Asksize2 is the volume of the second most recent Ask Asksize7 is the volume of the seventh most recent Ask The time of the Ask Asktime2 is the time of the second most recent Ask Asktime 7 is the time of the seventh most recent Ask The source of the Ask Askx2 is the source of the second most recent Ask Askx7 is the source of the seventh most recent Ask Best Ask of the day Volume of the Best Ask Time of the Best Ask Source of the Best Ask Bid Ask Trade Exception A single letter identifier o B bid o R recent o S settle o L last o Mm midpoint o P prev o O open o H high o C close Best Bid of the day Volume of the Best Bid Time of the Best Bid Source of the Best Bid The most recent Bid Bid is the second most recent Bid Bid7 is the seventh most recent Bid Volume of the most recent Bid Bidsize2 is the volume of the second most recent Bid Bidsize7 is the seventh most recent Bid Source of the most recent Bid Bidx2 Bidx7 Change Close Closel Close2 Clr1 Clr2 Cltime Cltime 1 Cltime4 Cond Currency Desc Dollars Dvol Exch Exdesc Expire Hig
8. Contents of Imports Data Aspen Server Order of Data in the Array ee eal Data File HLOCV oe Import of 15 min a Bars15 a Dak Time High Ea en Close Volume Open Interest Import of daily data Days dat Date Time High Low Open Close HLOCV Import of daily data Days dat Date Time High Low Open Close Volume Open Interest The Body of the array must always have the date and the time in the first two columns The next columns will contain the price data and volume and open interest if applicable Once the array of data is properly formatted simply highlight the entire array Top Row and Body and Left Click on the fourth button on the DDE Toolbar The data will be written to the Aspen Graphics database s and available on a chart of the corresponding time frame day if the data was based on daily values oo ioe A E Import Live Data using the Aspen GraphicsTick Function The Aspen GraphicsTick function allows values from Excel to be imported into Aspen Graphics in real time Excel containing established live links from Aspen Graphics to Excel and manipulated the data once it arrived in Excel that manipulated value can then be sent back to Aspen Graphics via a live link Since the Aspen GraphicsTick function sends information to Aspen Graphics as tick data 1t will be written to the TICKS DAT file It can t be viewed on a daily or higher chart because those charts reference the DAYS DAT data file
9. W DeMark Overlay Kase Overlay Formula Overlay a E a Moving Average Moving Average Envelope Parabolic Bollinger Bands Keltner Channels Bomar Bands MESA Trend MESA Standard Prediction MESA Best Fit Prediction MESA User Prediction Linear Regression Using the Context Sensitive Menu 1 Right Click the chart 2 Select Add Overlay 3 Left Click the desired Indicator Using the Main Menu 1 Left Click Study in the Main Menu 2 Select Add Overlay in the Study Menu 3 Left Click the appropriate Study name Using a Dot Command 1 Type the proper dot command and hit enter The dot commands for each Indicator can be found in Appendix A Adding a Study to a Split Window Study indicators are designed to be used primarily in a Split Window Because of the difference in the numerical scale between many Studies and underlying price scales Study Indicators do not always display well as an overlay Popular Studies include the MACD Stochastics and Volume Studies Aspen offers a number of methods for displaying an indicator in a Split Window Using Icons 1 Left Click the Add Study to New Split icon 2 3 Select the appropriate Study from the Drop Down Menu r DeMark Study gt Kase Study gt Formula Study Acceleration Accum Dist Oscillator Average Directional Index Average Balance Volume Commodity Channel Index Cumulative Yolume Directional Indicator Directional Oscillato
10. which means you can use it to compare instruments across markets and in different trading ranges On the chart below the Directional Indicator is signaling a long position at the end of June The study indicates that this position should be closed when the DI line green crosses below the DI line yellow A new long position taken on end of July when the DI line once again rose above the DI line would have kept you in the market to enjoy the August rally which followed Default Parameters Settings Yellow Color DI Color DI Green Graph DI Line Graph DI Line Line Style DI Solid Line Style DI Solid Line Width DI 1 pixel Line Width DI 1 pixel Period 14 Related Aspen Graphics Functions Example dmineg 1 14 Example dmipos 1 14 dmineg DI line dmipos DI line Key to Examples 1 Place holder for a symbol that will be supplied later 14 Number of periods in the DMI study These functions allow you to use the DI and DI lines of the Directional Indicator study in color rules and alarms as shown in the following examples Color Rule Example if dmipos 1 14 gt dmineg 1 14 clr_green clr_red This color rule will turn all bars green when the DI line is above or equal to the DI line and will color all bars red when the DI line is below the DI line Alarm Example chart abs dmipos ke 14 dmineg kc 14 gt 15 1 1 2
11. 3 4 5 6 7 8 9 1 Left Click Add Text Left Click a bar to attach the text to Enter the Text Press the Enter key to add the text Exit Text Mode Right Click the chart Select Draw Text 0 Left Click Show Text Using the Main Menu eS AA ee SS Enter Text Mode Left Click Text in the Main Menu Left Click Add Text in the Text Menu Left Click a bar to attach the text to Enter the Text Press the Enter key to add the text Exit Trend Mode Left Click Text in the Main Menu Left Click Show Text Changing Text Parameters The Text Parameters Dialog is used to control the look of text annotations on a chart Text Parameters Modify the properties by clicking on each of the values you want to modify and making any necessary changes Border Color Fill Color Black Line Color White Text Color Green Line Style Solid Line Width 1 pixel Price 25 45 Time 4 24 06 6 00 Save as Default Cancel pl o Border Toggles the display of a border around the textbox o Fill Color Sets the background color for the textbox o Line Color Sets the color for the line attached to a point o Text Color Sets the color for the text o Line Style Sets the display format of the line o Line Width Sets the Width of the line in pixels o Price Indicates the price at the point the textbox was initially positioned This price may be changed here o Time Indica
12. Displays a list of Overlay Indicators to overlay on top of the chart o Add Study Displays of list of Study Indicators designed to be displayed in a Split Window o Replace Study Displays a list of Study Indicators designed to be displayed in a Split Window Selecting an Indicator will replace the current Indicator on the chart o Add Study to New Split Displays a list of Study Indicators designed to be displayed in a Split Window Selecting a Study Indicator splits the window and adds the study to the new Split Window o Add Study to New Layer Displays a list of Study Indicators Selecting an Indicator adds a transparent layer to the chart and overlays the Indicator on the chart regardless of its status as an Overlay or a Study Study Remove Split Parameter All Chart A ee a i Ed a a i Remove Remove Study Split o Study Parameters Displays the Parameters Dialog for the selected Indicator o Remove Study Removes the selected Indicator o Remove All Overlays Removes all Overlays in the selected Window o Remove Split Removes the selected Split Window o Split Chart Adds a new Split Window to the chart Adding an Overlay Aspen offers three methods for adding and displaying an indicator Overlay to a chart Using Icons 1 Select the chart by Left Clicking on the Numerical Scale 2 Left Click the Add Overlay Icon 3 From the Drop Down Menu Left Click the desired Indicator
13. E Enter Trend Mode Right Click the chart Select Options Select Fibonacci Apply the changes Exit Trend Mode Using the Main Menu AS a Enter Trend Mode Left Click Trendlines in the Main Menu Left Click Options Left Click Fibonacci Apply the changes Exit Trend Mode Drawing Speed Lines Speed Lines help identify the rate of ascent or descent or a trend The following methods can be used to draw Speed Lines Chart1 5 1 5 8 5 15 Using Icons 1 Enter Trend Mode Left Click the Speed Lines icon lt Left Click the beginning of a trend on a chart Left Click the end of a trend on a chart Exit Trend Mode AA Using the Context Sensitive Menu Enter Trend Mode Right Click the Chart Select Speed Lines Left Click the beginning of a trend on the chart Left Click the end of a trend on the chart Exit Trend Mode A IES Using the Main Menu Enter Trend Mode Left Click Trendlines in the Main Menu Left Click Speed Lines in the Trendlines Menu Left Click at the beginning of a trend on the chart Left Click the end of a trend on the chart Exit Trend Mode oP a o Y IU O time to forecast market turns First a market high is identified The dollar amount of the high is converted into a calendar unit i e days weeks months or years The calendar unit is projected forward to identify dates on which market turns may occur Chartl 1 Enter Trend M
14. Once the above fields are entered and OK is selected the new symbol will be defined in the Aspen Graphics Master Table the data file which contains symbol information Importing Data from Excel to Aspen Graphics There are two ways to export data from Excel into Aspen Graphics as an array of data from Excel non real time import or a live link using the Aspen Graphics Tick function real time updating This feature is only available with the Aspen Graphics Standalone and Aspen Graphics Server versions of software Importing Static historical Data from Excel into Aspen Graphics A A symbol must have been created for the data that you want to import into Aspen Graphics The order of the data in Excel is very important The table below shows the format of the data in the spreadsheet This is an ARRAY of data It consists of two sections the Top Row in yellow highlight and the Body the remaining data series o The first cell of the Top Row contains the Symbol Name o The second cell tells Aspen Graphics the Type of Data in the Body mzs ms 115 ma 270197 6 00 112 1563 111 7813 111 875 112 211 07 6 00 1121875 _111 875 112 125 111 9688 212197 6 00 112 25 111 6875 111 9375 111 9375 2113197 6 00 112 875 111 9375 112 0625 112 8438 2114197 6 00 113 5938 113 0625 113 1563 113 4375 218197 6 00 113 7813 113 1875 113 7813 113 375 113 6563 113 113 3438 113 1563 219 97 5 00
15. 11 OPEN 1 CLOSE 2 CLOSE 3 CLOSE 4 CLOSE 5 CLOSE 6 CLOSE 7 CLOSE 8 CLOSE 9 CLOSE 10 CLOS 11 CLOS 1 NET 2 NET 53 NET 4 NET 5 NET 6 NET 7 NET 8 NET 9 NET 10 NET 11 NET 1 LAST 2 LAST 3 LAST 4 LAST 5 LAST 6 LAST 7 LAST 8 LAST 9 LAST 10 LAST 11 LAST Quote3 DEK 1 SYMB 1 OPEN 1 CLOSE 1 NET 1 LAST 2 SYMB 2 OPEN 2 CLOSE 2 NET 2 LAST 3 SYMB 3 OPEN 3 CLOSE 53 NET 3 LAST 4 SYMB 4 OPEN 4 CLOSE 4 NET 4 LAST Opening Pre Defined Quote Windows A number of pre defined quote windows ship with Aspen Graphics These windows are data vendor specific and relate to specific industries Aspen also offers methods for creating blank Quote Windows pre formatted with popular fields Aspen features three types of quote windows Quote Grids Quote Boards and Free Form Quote Windows Quotes Grids and Quote Boards are preconfigured with elements that are commonly used in Quote Windows Outside of symbols Quote Grids and Quote Boards cannot be modified Using Icons Left Click the Open Window Icon E Left Click the Quotes folder in the Window Manager to open it Double Click the appropriate Aspen Window file to open it Close the Window Manager PA ce Using the Context Sensitive Menu O 1 Clear the screen by Left Clicking the Clear Screen icon 2 Right Click the Aspen Workspace Left Click Open Window Left Click the Quotes folder in
16. 2 To save the date each day with the data select an empty cell and type today El Microsoft Excel Book1 File Edit View Insert Format Tools Mowe Osage a ta u angl g Be rer Al M fe TODAY 3 Select Tools gt Record Macro gt Record New Macro Rename the macro or click on OK The steps performed from this point on are recorded as your macro El Microsoft Excel Book1 fH File Edit view Insert Format Tools Data Window Help Mo DSHe a ta ua anaal aha Add Ins a y fe TODA gt Macros Alt F8 Record New Macro Security Customize Options y Visual Basic Editor Alt F11 Y y 4 Select column D by Left Clicking the D in the column header Next while column D is highlighted select Format gt Cells S File Edit View Insert G DS Gatlaa y D1 X f A 5 15 2002 Tools Data Window Help AutoFormat Conditional Formatting 477 25 5 Choose Date from the Category field and the date format you want from the Type field Broma 2x Number alignment Font Border Patterns Protection Category os Type Wednesday March 14 2001 Locale location English United States Date formats display date and time serial numbers as date values Except for items that have an asterisk applied Formats do not switch date orders with the operating system 6 Select
17. Alarm Example chart MovAvgOsc s gt MovAveOsc s 1 and MovAvgOsc s 1 gt MovAvgOsc s 2 and MovAvgOsce s 2 gt MovAvgOsc s 3 1 1 2 100 1 3 The alarm will trigger when the Moving Average Oscillator for the front month of soybeans has risen for the last three daily bars Charting Setup Idea The Moving Average Oscillator study is by default drawn as a line but can be graphed as a histogram or a variety of other methods see the Charting Setup Idea at the end of the Acceleration section On Balance Volume On Balance Volume is a volume accumulator All of the volume in an up period a period which closes higher than the previous period is added to the previous On Balance Volume while all of the volume in a down period a period which closes lower than the previous period is subtracted from the previous On Balance Volume Type of Study Keyboard It works best in Command Activity obv Cash and Futures markets which are active all time Indicator frames The important aspect of this study is the direction and not the exact volume level of the On Balance Volume line Divergence between price and the On Balance Volume can be a signal of trend reversal This study can also lend some clues as to supply and demand as measured by the volume in up periods and the volume in down periods How Aspen Graphics Calculates It The On Balance Volume study is calculated as follows If the current close is greater th
18. Default Parameters Settings Field Value Color Yellow Graph Line Line Style Solid Line Width 1 pixel Custom Aspen Graphics Formulas You can make reference to Open Interest values by using the 1 0i quote code in formulas color rules and alarms as shown in the following examples Color Rule Example if 1 0i gt 100000 clr_cyan clr_yellow This color rule will turn a bar cyan when open interest exceeds 100 000 Alarm Example spm7 oi gt 200000 This alarm will trigger when the open interest of the June 97 S amp P s reaches or exceeds 200 000 Parabolic The Parabolic study sets a stop price for each bar based on the direction of the trend When the price penetrates the trail of Parabolic stops it is an indication that the position should be reversed This is called the Stop and Reverse point SAR This study works well in trending markets but can give many false signals that might stop you out of a trade too early when the market is flat For this reason the Parabolic study is often used in conjunction with trend identifying indicators like the Directional Indicator or Directional Oscillator Type of Study Keyboard It works best in Command Trend Follower parab Cash and Futures markets that are trending How Aspen Graphics Calculates It The initial SAR point represents the last significant high or low If the market is trending up stops are placed below the price activity Stops a
19. Related Aspen Graphics Functions savg Simple Moving Avg savg 1 21 mavg Modified Moving Avg mavg 1 14 1 eavg Exponential Moving Avg eavg 1 10 wavg Weighted Moving Avg wavg 1 52 havg Hamming Moving Avg havg 1 5 1 Key to Examples 1 Placeholder for a symbol that pnd number 3rd number will be supplied later Number of periods in the moving average if present number of bars to shift the moving average Color Rule Example if savg 1 5 lt savg 1 5 1 and savg 1 5 1 gt savg 1 5 2 clr_green clr_yellow This color rule will turn the bar green when a 5 period simple moving average reverses direction on a high i e the current moving average value is less than the one before and that value was greater than the moving average value two bars back Alarm Example chart sp low gt wavg sp 5 1 1 2 100 1 3 This alarm will trigger when the low is higher than the 5 day weighted moving average Formula Example doubleEA VG input eavg eavg 1 14 14 This formula can be charted as an overlay and produces a super smooth double exponential moving average a moving average of a moving average Moving Average Envelope The Moving Average Envelope study draws bands around a moving average to form a channel The purpose of the bands is to show which prices are falling outside of the expected range The Moving Average Envelope study is very similar to the Bo
20. Studies on Studies Formulas can be written so that a study is performed on another study In the previous example a three period RSI is performed on a one period Momentum study For example RSI_Momentum series rsi mom 1 1 3 Multi Line Formula Writing Up to this point all of the formulas in this manual have been single line formulas Much more advanced and organized formulas are possible by using multiple lines In a multi line formula it is possible declare any number of simple variables use Aspen functions and use embedded formulas Expression Blocks Multi line formula writing requires the use of expression blocks These statements tell the formula writer where an expression begins and ends They can be written in two ways Begin End or All multi line formulas start with a Begin statement or after the equals sign and terminate with an End or statement as their last line Expression blocks can also be used in logical statements such as If Begin End to create multi line boolean logic statements Multi Line Formula Structure myFormula series begin lt Formula Logic gt End Multi Line If Statements myFormula series begin if l high lt 1 high 1 then begin lt Execute some logic gt end if l high gt 1 high 1 then begin lt Execute some logic gt end end Declaring Variables Multi line formulas support variables which are place holders for data A
21. spz7 42 ho cl ibm indu ck7 cn7 cc cc intc 131 kw gt 470 time lt 14 00 date 1 1 98 gcm7 gt gcz7 ok7 lt 175 A space must be used before and after the next two operators when using them in a formula Evaluates both trigger conditions Alerts when either condition is met AND Evaluates both trigger conditions Alerts only when both conditions are met ck7 high lt 300 and cn7 high gt 300 time 9 45 or time 13 10 Command Actions on Trigger The Command Actions on Trigger feature allow you to assign any Aspen Graphics command to be enacted when your alarm is triggered Individual commands should be separated by a semi colon For example if you have written an alarm to trigger when the price of May corn goes above 305 and would like to print a page called My_Page when the alarm is triggered enter the following in the Command Actions on Trigger field My_ Page CK7 print When the alarm is triggered My_Page will be displayed on your screen May corn will be entered into all windows on the page and the page will be printed The portion of the screen that will be printed when the alarm is triggered depends on the selection in the Object section of the Print Setup box If Screen is selected the entire contents of the screen including the alarm window will be printed If Active Window is selected only the window which was active when the page was saved will be printed A If you want to auto
22. ADX_Ovrly input adx 1 14 This custom formula benefits those who regularly overlay the ADX study on top of the Directional Indicator study Once entered in the Formula Manager it can be accessed from the Add Study menu by selecting Formula Study Bollinger Bands This study was developed by John Bollinger based on his theory that the band width of an envelope should be a function of a market s volatility Bollinger Bands are similar to the Moving Average Envelope and Keltner Channel studies The difference lies in the method used to calculate how far the bands should be drawn above and below the moving average line Bollinger Bands are based on the number of standard deviations above and below the moving average Type of Study Keyboard It works best in Command Trend Cash and Futures markets in all time frames Follower with daily being the most popular This chart outlines several important aspects of Bollinger Bands They are as follows 1 The moving average green usually gives support in bull markets or resistance in bear markets 2 Penetration of a band usually signals the continuation of a trend not the end of the trend note the first breakout in early August 3 After the bands tighten around the average indicating volatility has decreased a sharp move is usually on the way note how the bands constricted at mid September before the rally began 4 Tops bottoms falling outside the bands followed by to
23. Aspen offers several methods to accomplish both of these tasks These methods are outlined below Using Icons l Ze Left Click the appropriate line to select it Left Click the Extend or Retract Trendline Icon to perform the operation Using the Context Sensitive Menu e gt Enter Trend Mode Right Click the Trendline Select Extend to extend the line Select Truncate to retract the line The selection point on the line dictates which side of the line will be changed If the selection is closer to the right hand point of the line the right hand side will be extended or retracted The same is true for selections that are nearer to the left hand side Right Click the Chart and Left Click Exit Trend Mode Exit Trend Mode Using the Main Menu 50 00 cE al E re D Enter Trend Mode Left Click the appropriate line to select it Left Click Trendlines in the Main Menu Select Edit Left Click Extend to extend the line Left Click Truncate to retract the line Left Click Trendlines in the Main Menu Left Click Exit Trend Mode in the Trendlines Menu Exit Trend Mode Using the Mouse l 2 3 Enter Trend Mode Double Click the end of the line you wish to Extend or Truncate Exit Trend Mode Adding Parallel Lines Using the Parallel Line feature will draw a line parallel to the selected line These lines can be moved independently Using Icons DOR D ES Enter Trend Mode Left Click a trendline
24. Defining a Trigger Condition The first step in writing an alarm is establishing the Trigger Condition To enter a Trigger Condition Left Click in the Trigger Condition textbox and type the condition There are six types of criteria that can be entered in this field The following sections include definitions and examples of these Instrument Symbols and Prices An alarm can be configured for any instrument that is defined in your feed The Trigger Condition needs to reference a specific instrument using the 1 variable will return an error message in the Current State field Examples Result of Condition When the price of IBM reaches 137 Times Alarms can be written to trigger at a specific time These trigger conditions need to be written in HH MM format using 24 hour notation Examples Result of Condition On or after 9 00 a m At 3 45 p m Dates Dates used in trigger conditions need to be stated in mm dd yy format Dates can be combined with times using the and operator Examples Result of Condition date 4 15 97 On April 15 1997 date gt 1 1 98 On or after Jan 1 1998 On June 1 1997 at 2 00 p m Aspen Graphics date math capabilities make it possible to create alarms that tell you when it is a certain number of days before a future s or option s expiration date Examples Result of Condition date ck300c expire 3 Three days before expiration Expiration day date lt dmm7 expire 2 Two
25. Graph Line Line Style Solid Line Width 1 pixel peaklen 2 0 Price First study Save as Default Cancel Apply Again because we have defined Diverge and PeakLen as parameters they can be changed through the menu Entire Formula Listing MyDiverge input peaklen 2 Diverge 5 begin peakmade 0 speakmade 0 2peaks 0 divsig 0 currpeak peaklentdiverg while currpeak gt diverge do begin if 1 high currpeak 1 gt 1 high currpeak then peakmade peakmade 1 if sstoch 1 9 3 currpeak 1 gt sstoch 1 9 3 currpeak then speakmade speakmade 1 currpeak currpeak 1 end while currpeak gt diverge peaklen do begin if 1 high currpeak 1 lt 1 high currpeak then peakmade peakmade 1 if sstoch 1 9 3 currpeak 1 lt sstoch 1 9 3 currpeak then speakmade speakmade 1 currpeak currpeak 1 end if speakmade peaklen 2 and peakmade peaklen 2 then 2peaks 1 if 2peaks 1 then begin if Sl diverge gt 1 and sstoch 1 9 3 diverge lt sstoch 1 9 3 or Sl diverge lt 1 and sstoch 1 9 3 diverge gt sstoch 1 9 3 then divsig 1 end if divsig 1 then begin Diverge ftiny clr_green vertical below arrow end end Color Rules By default the bars in Aspen Graphics charts are yellow In addition to being able to change the color of the bars from the Bar Chart parameter menu Aspen Graphics has a Color Rule capability Color rules act as a visual alarm on a bar chart color
26. Group OF LNE Seienn a a E AN 93 Delete A Tred Pine a aa 94 Annotatine Chatts td ds 94 Entera Text Mode ul Ida Dd po oda da oiai 95 Adding TE A a 95 Changing Text A e dd 96 Displaying the Text Parameters reci saya asticasmany faeease i ene 97 COLES tunas anida as ia dia 97 Quote Properties Dials d 98 Understanding Quotes in Aspen es 100 Ouote Cod Viariables a e T T EE 100 Opening Pre Defined Quote Windows oococonococconcccnoncnononcnononanononcnononcnonnnncnonnncnnnnncnnnos 101 Displaying a Quote Grid Window coooccccocccccnocccnoncnononcnononcnononcncnnononnnnnnnnonnnnncnnnnss 102 Displaying a Quote Board WindOW ococooncccconcccnoncnononcnononcnononanononoconanccnnnnccnnnnccnnnss 103 Enteng Symbols aoaie e cai 103 Creating a Free Format Quote Window cccesscecesscecesseeceseeeceeeeeceseeeceeeecneeeenaeees 105 The Quote Code Dilo aiii Gov e estats 106 Displaying the Quote Code Dialog cto iii ii i eae 106 Using the Quote Code Dialog n 107 The Quote Window Toolb i siaren a a a A a a 108 Adding Formulas or Text to a Quote Window ooooccccooccconoccconnnccnonanononcnononanonnncninnnnnos 111 EDO O PARSE a A A AE O CA iS 112 Filling a Specified Range di BA ey E E 115 Q ote Code De fini tiOms oia a aa ld tdi 116 Clo KS iniia a a e a E a R a 119 Clock Toolbars A E A 119 Clock Properties Di EE EEA 121 Changing the Time ZOMG tdo dis iS 122 Timezohe A A a a se ns asset spon a a a 123 a aa A E ease SE A ESAE EES EA cena 12
27. Left Click News 4 Left Click a Headline to display the full story Using Dot Commands 1 Type news lt enter gt News Window Toolbar Up Pag Back to Top 1 e L Y cm A Al n1 Dow Headline o Up 1 Line Moves the News Window text up one line o Down 1 Line Moves the News Window text down one line o Page Up Moves the News Window text up one page o Page Down Moves the News Window text down one page o Back to Top Moves the News Window text to the top where the most current News Headlines are displayed o Show All Headlines Disables any categorical or keyword searches Display Properti Copy Categorie a Story to Search Headlines o Display Categories Displays a list of News Categories Categories limit the incoming News to Headlines related to the category o Search Headlines Opens a textbox for searching News Stories for specified text o Properties Displays the News Window Properties Dialog o Print Story Sends the current news story to the default printer for printing o Copy Story to Clipboard Copies the current news story to the clipboard for pasting in other applications News Search Your data provider may send down thousands of news headlines during the course of a day To scroll through these looking for a particular subject could take a long time The Aspen Graphics News Search function allows you to streamline the search process Displ
28. Line Width 1 pixel Method Nat Log Period 10 Price Close Trading Periods 253 0 Related Aspen Graphics Function hvol Examples hvol 1 10 1 253 0 hvol 1 10 Key to Examples 1 Place holder for a symbol that will be supplied later 10 Number of periods in the Hist Vol study 1 Number of standard deviations 253 Number of trading periods in a year 0 Base 100 value 0 is Default 100 needs to be used only when the hvol function is surrounded by the chart function This function allows you to use the Historical Volatility study in color rules and alarms as shown in the following examples Color Rule Example if hvol 1 10 lt 5 clr_cyan clr_yellow This color rule will change a bar to cyan when the historical volatility drops below five percent and will leave all other bars yellow Alarm Example chart hvol sp 10 gt 25 1 1 2 100 1 1 This alarm will trigger when the historical volatility for the front month of the S amp P s exceeds 25 The alarm is based on daily bars Formula Example hsvol series hvol 1 6 hvol 1 100 In their book Street Smarts Linda Raschke and Larry Connors describe an indicator in which the six day historical volatility is divided by the 100 day historical volatility The formula above once entered in the Formula Listing will allow you to chart this indicator From the Select Study menu single left click on Formulas and then select hsvol from the Select Formula Study me
29. Select New Window 3 Left Click Time and Sales 4 Enter a valid symbol Using Dot Commands 1 Type t s lt enter gt 2 Enter a valid symbol Time and Sales Property Dialog The Time and Sales Property Dialog configures properties such as colors symbols and the types of transactions to display Time and Sales Properties Symbol Displays the symbol monitored by the Time and Sales Window The symbol may be changed here Prefix Used for data vendors that require a prefix based on the country the market is located in The prefix may be changed here Display title bar Toggles the display of Title Bars on the Time and Sales Window Time and Sales Properties my 11 xl Not Displayed 7 Ainiai p Marimur O a la lt l Bids Toggles the display of Bids Asks Toggles the display of Asks Trades Toggles the display of Trades Settles Toggles the display of Settles Volumes Offers Not Displayed All Large and Range values for volumes Minimum Specifies the minimum Volume value required for it volumes to be displayed Maximum Specifies the maximum Volume value required for volumes to be displayed Time and Sales Properties ax General Display Colors Background Text Cursor Backgrounc Cursor Text Highlight Shadow Heading Lines Strike Restore Default Colors Cl QS El Cancel Apply o Backgro
30. but this is not the case In the vast majority of cases the point at which the lines actually touch and are of the same value is between two successive bars therefore to determine if the lines have crossed we need to check whether the value of line 1 was previously below line 2 and is now greater than line 2 Given that the periods in our averages are 10 and 100 we need to write an IF statement comparing their relative values on the two bars IF SAVG 1 10 1 lt SAVG 1 100 1 AND SAVG 1 10 gt SAVG 1 100 THEN When using multi line formulae the basic format is the same as for single line formulae Le formulaname expression however to indicate that a multi line formula is being written the word begin follows the and the rest of the formula goes on subsequent lines At the end of the formula because we have begun it we must also end it The name of the formula will be 10x100 10 crossing 100 and is written as follows 10x100 input begin if savg 1 10 gt savg 1 100 and savg 1 10 1 lt savg 1 100 1 then begin Av X d clr_cyan fsmall above arrow horizontal end end This formula can be applied to the chart by adding a formula overlay The example below introduces the concept of looping use the While End statements The entire formula is written out with a description of each section The premise is that we are looking for a peak to be made by both the price and the slow stochastic a pe
31. msft 40 1 or savg msft 18 lt savg msft 40 and savg msft 18 1 gt savg msft 40 1 1 5 1 100 1 3 Trigger State True Index or Instrument Outside a Given Range This type of alarm monitors indices or instruments trading outside a pre defined range It triggers when the TIKI Tick of Dow Jones Industrials is above 23 or below 23 Trigger Condition tiki gt 23 or tiki lt 23 4 Another equivalent version of this trigger condition would be Trigger Condition abs tiki gt 2 Trigger State True Instrument Up Down 5 points In this particular example we used Microsoft s ticker and we needed the Chart Function Can you see why the Chart Function was needed We wanted to be alerted 1f Microsoft went up 5 points or more on an intraday chart We are comparing the currently building 15 minute bar with previous bars Because we are comparing the current bar with earlier bars we needed to use the Chart Function Trigger Condition Chart msft recent msft open gt 5 1 15 1 100 1 1 Trigger State True Auto Print 3 days prior to Expire This alarm will automatically print a page called great_page 3 days before the prompt crude oil futures contract expires The command entered tells Aspen Graphics to bring up the page called great_page change all the symbols on this page using V to the lead month of crude cl and send this page to the printer Trigger Condition dat
32. o Study Parameter Opens a Drop Down Menu containing the current indicators Selecting a menu item will display the Parameters Dialog for the selected Item Remove Remove Study Split Table O 0 0 Remove All Split Properties Overlays Chart Remove Study Opens a Drop Down Menu containing the indicators and charts in the window Selecting an item from the menu removes it Remove All Overlays Removes all the overlay indicators on the chart and leaves the underlying chart in place Remove Split Removes the selected split window Table Displays chart data as a table Properties Displays the Chart Properties Dialog Trend Remove Make Layers Mode Layer Transparent be pA E E la Add Rotate Synchronize Layer Layers Layers a Trend Mode Toggles Trend mode for drawing trend lines Gann and Fibonacci features Add Layer Adds a layer to the chart Remove Layer Removes the selected layer from the chart Rotate Layers Rotates the display of layers bringing layers from the back to the front Make Layers Transparent Enables viewing off all the current chart layers Synchronize Layers Opens a Drop Down Menu containing items that can be synchronized between layers Chart Elements Cursor Window 3 7 06 Time Scale Symbol Description Cursor 111650 0 111600 0 111550 0 111500 0 111450 0 111400 0 11350 0 111300 0 11250 0 11200 0 TT ToU 0 1
33. reflecting stronger trends The ADX is designed to be used with the Directional Indicator and is often displayed as an overlay on top of this study Together these two studies are often considered a Directional Movement System Type of Study Keyboard It works best in Command Trend Indicator adx Cash and Futures markets all time frames When the ADX line has risen above both the DI and DI lines and then makes its first down turn a trend reversal is often indicated When the ADX line goes below the DI and DI lines it is a sign that trend following systems should not be used the market has entered a sideways or choppy phase How Aspen Graphics Calculates It The Average Directional Index study is calculated like this 100 DI minus DI DI plus DI The above value is referred to as the DX A modified moving average of the DX 1s then taken and this is referred to as the Average Directional Index or ADX For an explanation of how the DI and DI values are calculated see the Directional Indicator study The chart below shows the ADX overlaid onto the Directional Indicator Although the ADX is usually displayed as a solid line 1t is shown here as a dotted line to distinguish it from the DI and DI lines In mid September the DI line green was significantly above the DI line blue signifying a strong uptrend The ADX crossed above the DI line but soon turned down predicting a reversal This prediction was soon con
34. Clear Group Clear All 980 00 8 26 8 27 Y Left Justify TN Fight Justiy Fill Down Vane CMBR arias Fill Right ny Through Turnaround gt AET MM rE NE GEGE Scroll Down ny Through Turnaround gt AET 2 17 46 DJ UPDATE Scroll Right isecutor For Rwanda Tribunal 17 46 DJ UPDATE isecutor For Rwanda Tribunal 242 17 46 242 PlattsiCQl 8 21 54 GMT Format Columns eae Exit Modify Mode Format acci cs Session OPEN 6 05 PM EDT 5 Redisplay the menu a third time and then select Quote Code List 6 Select SYMB LAST and NET from the Quote Code List Double left click on CLOSE MENU to remove Quote Code List 7 Redisplay the menu and click on Scroll Right to define the quote window as a Scroll Region Aspen Graphics term for ticker window Your display should now look similar to the image below Aspen Graphics for Windows 1 File Edit View Format Quote Tools Window Help sa 161 8 DEBE 1002 30b 1002 30 99 985 1 17 46 DJ Aetna Kelso 2 Helped Company Through Turnaround gt AET 2 17 46 DJ UPDATE UN Council OKs Prosecutor For Rwanda Tribunal 17 46 DJ UPDATE UN Council OKs Prosecutor For Rwanda Tribunal 242 17 46 242 Platts CQI Test Page 03 08 28 21 54 GMT 1 17 46 DJ UPDATE UN Council OKs Prosecutor For Rwanda Tribunal Quote2 1 SYMB 25 SYMB 1 LAST 25 LAST 1 NET EZAN EZAN AN 24 NET 25 NET JACC1 cs Session OPEN 6 24 PM EDT 8 Display the menu one last time and s
35. Codes Left Click the Fill Down Icon e Exit Modify Layout mode Fill Down Using the Context Sensitive Menu NES Create a Free Form Quote Window Enter Modify Layout mode Populate a Free Form Quote Window row with the appropriate Quote Codes Right Click the Quote Window Left Click Fill Down in the menu Exit Modify layout mode Fill Down Using the Main Menu E a Create a Free Form Quote Window Enter Modify Layout mode Populate a Free Form Quote Window row with the appropriate Quote Codes Left Click Quote in the Main Menu Select Modify Layout in the Quote Menu Left Click Fill Down in the new menu Exit Modify mode Fill Down Using Dot Commands FA SES Create a Free Form Quote Window Enter Modify Layout mode Populate a Free Form Quote Window row with the appropriate Quote Codes Type filldn Press the lt Enter gt key Exit Modify mode Fill Right Using Icons 1 2 3 Create a Free Form Quote Window Populate a Free Form Quote Window column with the appropriate Quote Codes Enter Modify Layout Mode 4 Left Click the Fill Right icon re 5 Exit Modify layout mode Fill Right Using the Context Sensitive Menu 1 2 Create a Free Form Quote Window Enter Modify Layout Mode pi Populate a Free Form Quote Window Column with the appropriate Quote Codes Right Click the Quote Window Left Click Fill Right Exit Modify Mode Fill Right Usin
36. Context Sensitive Menu 67 Right Click the Chart 68 Select Replace Study 69 Select Line Chart Using the Main Menu 70 Left Click Study in the Main Menu 71 Select Replace Study in the Study Menu 72 Left click Line chart in the new menu Using a Dot Command 73 Type line lt enter gt Equitick Charts Aspen Graphics enables you to display bars that consist of a fixed number of trades per bar in contrast to a bar chart which displays a fixed time frame for each bar Charts of this type are called Equi tick charts 6 32 7 00 8 03 9 02 ra have onart Aspen offers three methods for displaying an Equitick chart To Display an Equitick Using Icons 74 Select the Chart by Left Clicking on the Numerical Scale 75 Left Click the Chart Type Icon 76 Select Equitick Bars from the Drop Down Menu m v Bar Chart Candlesticks Point amp Figure Tic Chart Lime Chart Time based bars G on 77 Right Click the Chart 78 Select Replace Study 79 Select Equitick Bars Using the Main Menu 80 Left Click Study in the Main Menu 81 Select Replace Study in the Study Menu 82 Left Click Equitic Bars Using a Dot Command 83 Type eqtick lt enter gt Equitick Settings Equitick users specify the number of ticks in a bar rather than a specific time frame Type the number of ticks and press the enter key on the key board Any positive integer may be entered to co
37. DDE Link Generator Helper Dialog There are four tabs on the DDE Link Generator Helper Dialog Box Quote History Option and Formula An explanation of each tab follows Quote Live Links from Aspen Graphics into Excel The first tab on the DDE Link Generator is labeled Quote A link created with this option will mimic a quote page in that each time the value changes in Aspen Graphics the quote element will update in the Excel spreadsheet DDE Link Generator Helper Dialog x Quote History Option Formula Fundamental Symbol SP Select From List of Available Elements Selected ShortList C Long List ved NET Element Description Difference of previous price and lasttrade sa Clear Selections QMASTER QUOTE SP SYMB LAST NET Copy Link Cancel To create a link 1 Enter the Symbo1 to be linked to the spreadsheet 2 Select the quote fields in the link from the list in the middle of the menu Left Clicking a quote field displays a description of the selection in the Element Description box Double Click the element to send it to the Selected box a double left click on an element in the Selected box puts it back in the original list 3 When all of the quote elements have been selected left click on the Copy Link button The link is pasted into the spreadsheet El Microsoft Excel Book1 Ey File Edit View Insert Format Tools Data Window Help EEG OSH AR G 4ESl o o Bx 4 M0
38. Description Panel The Quote Code Dialog may include codes that are vendor specific Displaying the Quote Code Dialog The Quote Code Dialog automatically displays when creating a Free Form Quote Window The methods below can be used to display the Quote Code Dialog when modifying an existing Free Form Quote Window Quote Grid and Quote Board Windows cannot be modified Using Icons 1 Left Click the Modify Layout icon be 2 Left Click the Quote Codes icon t Using the Context Sensitive Menu 1 Right Click the Free Form Quote Window 2 Left Click Modify Layout 3 Right Click the Free Form Quote Window 4 Left Click Quote Code List Using the Main Menu Left Click Quote in the Main Menu Left Click Modify Layout in the Quote Menu Left Click Quote in the Main Menu Select Modify Layout in the Quote Menu Left Click Quote Code List in the new menu ES Using the Quote Code Dialog Variable Field Quote Code Quote Code List Symbol Custom Filter Add tu Edit View Quote Filter Menu Quote Codes LBL sym Bloomberg Fundamental Data Options Recently Used Standard o Quote Code List Displays the Quote Codes associated with a selected category in the Quote Code Explorer o Quote Code Explorer Displays a list of Quote Code Categories Categories may be data vendor specific o Variable Field Increments or decrements the variable place holder for symb
39. Desired criteria value if TRUE Statement If then 1 tlow 1 low value if FALSE Boolean else operators AND and OR Study Functions Function What It Syntax Example Required Parameters Calculates Optional Parameters follow in parenthesis Directional Index BB Bollinger Bands bb 1 20 2 1 top Instrument Moving avg length Shift ADX Cci Commodity cci sk8 10 Instrument periods Channel Index Dio Directional dio 1 14 Instrument periods Indicator Dmineg DI line of the dmineg smk8 14 Instrument periods Directional Indicator Dmipos DI line of the dmipos smk8 14 Instrument periods Directional Indicator Moving Average Fast K line Average Hvol Historical hvol gm 10 Instrument Periods Std devs Volatility default parameters 10 Trading Periods Year Base periods 1 Std dev 100 Keltner Keltner Channel keltner 1 20 1 top Instrument periods multiplier keltner 1 20 1 shift bottom Linear Regression Lr 1 200 3 Instrument periods regression line type Modified Moving mavg 1 30 Instrument periods shift Avg Mdomcycle MESA Standard mdomcycle cl Instrument Prediction mom gcz8 10 MESA Phase mphase ngz7 MESA Trend mtrend ngz7 1 Index Average Sstoch FastD SlowK sstoch us 9 3 Instrument periods for the Stochastic Line FastK periods for the FastD SlowK Ssstoch Slow Stochastic ssstoch us 9
40. Each subsequent command overwrites previous layouts Sizing of windows and display issues are easily remedied using these commands Simply reissue the Fill Down or Fill Right command after resizing a window to correct these issues The window below shows the bad Fill Down from above after resizing the window and repeating the Fill Down Ex Quote3 1 SYMB 2 SYMB 3 SYMB 4 SYMB 5 SYMB 6 SYMB 7 SYMB 8 SYMB 9 SYMB 10 SYMB 11 SYMB 12 SYMB 1 0PEN 2 0PEN 3 0PEN 4 O0PEN 5 OPEN 6 OPEN 7 OPEN 8 OPEN 9 0PEN 10 0PEN 11 0PEN 12 0PEN 1 CLOSE 2 CLOSE 3 CLOSE 4 CLOSE 5 CLOSE 6 CLOSE 7 CLOSE 8 CLOSE 9 CLOSE 10 CLOS 11 CLOS 12 CLOS 1 NET 2 NET 3 NET 4 NET 5 NET 6 NET 7 NET 8 NET 9 NET 10 NET 11 NET 12 NET 1 LAST 2 LAST 3 LAST 4 LAST 5 LAST 6 LAST 7 LAST 8 LAST 9 LAST 10 LAST 11 LAST 12 LAST A Simply resizing a wndow with too many quote code codes can affect the performance of Aspen This is especially true when using Futures or Options macros Instruments may be hidden from view due to the resize Despite this Aspen still downloads all the information for the instruments To prevent this behavior Resize the window and repeat the Fill Down or Fill Right command Fill Down Using Icons A A Create a Free Form Quote Window Enter Modify Layout mode Populate a Free Form Quote Window row with the appropriate Quote
41. Min Seeks Russia Mtg On Sakhalin Spok DJ DJ Dutch Foreign Min Seeks Russia Mtg On Sakhalin Spok DJ Deutsche Boerse Still Targets Euronext Merger CEO DJ DJ Deutsche Boerse Still Targets Euronext Merger CEO COMEX gold silver under selling pressure 222 COMEX gold silver under selling pressure Arts Walk lights up downtown Russian premier vows support for entrepreneurs DJ DJ MARKET TALK August Leaders Down 0 2 Homeland Security Group International s Jeff Powers to Introduce DJ DJ MARKET TALK August Leaders Down 0 2 Homeland Security Group International s Jeff Powers to Introduce PDL BioPharma Announces Participation at Upcoming Investor A show of progress at the M E T Heritage Festival highlights USA TODAY and OLN Partner on USA TODAY Soul of a Champion Ultimate Franchise Systems Inc Releases Statement Concerning Ultimate Franchise Systems Inc Releases Statement Concerning DJ DJ Cisco Systems CSCO Block 902 024 Shrs At 23 20 DJ PRESS RELEASE Philippine National Power Corporation Proc Displaying a News Window Using Icons 1 Left Click the New News Window Icon 2 Left Click a Headline to display the full story Using the Context Sensitive Menu 1 Right Click a blank Aspen Workspace 2 Select New Window 3 Left Click News 4 Left Click a Headline to display the full story Using the Main Menu 1 Left Click File in the Main Menu 2 Select New Window 3
42. Options 4 Left Click Gann 5 Apply Changes 6 Exit Trend Mode Drawing Andrew s Pitchfork Andrew s Pitchfork was developed by Dr Alan Andrews and employs three points First a line is drawn between a significant high and a significant low This line is bisected and the median of this line forms a base point for the second line known as the median line The fork is completed by identifying the second base point for the median line Seles Using Icons 1 Enter Trend Mode Left Click the Andrew s Pitchfork icon eN Left Click a high point Left Click the next low point Left Click a previous significant low Exit Trend Mode a ee Using the Context Sensitive Menu Enter Trend Mode Right Click the chart Left Click Andrew s Pitchfork Left Click a high point Left Click the next low point Left Click a previous significant low Exit Trend Mode SED A IS Using the Main Menu Enter Trend Mode Left Click Trendlines in the Main Menu Left Click Andrew s Pitchfork in the Trendlines Menu Left Click a high point Left Click the next low point Left Click a previous significant low Exit Trend Mode AL EE ES Drawing Thom Demark Relative Retracement TD relative Retracement is a purely objective or mechanical method for displaying Fibonacci retracement levels from designated lows and highs These levels define areas of support or resistance Retracement levels will appears as da
43. Save from Toolbar Popup Titlebar Timer 200 milliseconds Auto Save every f minutes Cancel Apply Display title bars on all windows Toggles the display of Windows title bars for all windows Use Windows style menu Toggles the menu style between Windows and Aspen s 3 71 styles Use Window s standard mouse clicks Toggles the mouse click style between Windows and Aspen s 3 71 styles Use Window s style edit boxes Toggles the text boxes between Windows and Aspen s 3 71 styles Use Symbol Aliasing Toggles symbol aliasing on Custom symbol aliases can be setup in Aspen and used in place of a feed s regular symbol Snap to Grid Causes windows to align to the workspace grid when moving or resizing O o Save prompt before closing Toggles the display of the save prompt when closing Aspen o Allow Fast Save from Toolbar Toggles automatic overwrite when using the toolbar icons to save files Popup Titlebar Timer Specifies the length of time the mouse must point at the top of an Aspen window before the title bar is displayed Used only when Title Bars are disabled o Auto Save every Specifies a length of time in minutes that open pages are automatically saved O File Management About Aspen Pages and Aspen Windows Aspen Graphics uses two file formats when saving and opening files These file formats are Aspen Pages and Aspen Windows
44. Stochastic Modified The Modified Stochastic is identical to the Slow Stochastic study but it allows the user more flexibility The Fast and Slow Stochastic studies use a 3 period modified moving average to calculate the D lines In the Modified Stochastic the number of periods and the moving average type as well as the price used to calculate the Fast K can be changed by the user Type of Study Keyboard It works best in Command Overbought Oversold Cash and Futures markets The ways in which the signals are generated and the values used to calculate overbought and oversold conditions are the same as for the Slow Stochastic study Default Parameters Settings Field ENE Avg Type D Modified 278 Avg Type K Modified Color D Yellow Color K Green Graph D Line Graph K Line Line Style D Solid Line Style K Solid Line Width D 1 pixel Line Width K 1 pixel Period D 3 0 Period K 3 0 Stochastic 14 Price Close Related Aspen Graphics Functions and Formulas sstoch for the Slow K line sstoch 1 14 3 ssstoch for the Slow D line ssstoch 1 14 3 3 These functions allow you to change the number of periods used for the lines of the Modified Stochastic study Note however that they do not allow you to change the Average Type a modified moving average is used by default For a different Average Type use one of the moving average funct
45. To chart data from Excel on a daily chart use the method outlined above Exporting Static Data from Excel to Aspen Graphics First make sure you have created a symbol to assign the data you want to export Aspen GraphicsTick is a function which is placed in Excel when installing or upgrading Aspen Graphics Once you have a cell in Excel that is producing the values you want to import to Aspen Graphics select an empty cell then 1 Select Insert from the Excel Menu Bar and then select Function Ey File Edit View Insert Format Tools Data Window Help HEM ee Blaso 2 8 Rows Columns W Chart y H 2 Inthe Insert Function dialog make the following changes 3 Select the All category in the Select a Category field 4 Choose Aspen GraphicsTick from the Select a Function list Insert Function 2 x Search for a function Type a brief description of what you want to do and then Go click Go Or select a aeo J X Select a function AspenTick Symbol Price Time_Text Bate TkYol No help available Help on this function Cancel 5 Left click on Next This displays an Aspen GraphicsTick Setup Window 21x AspenTick Symbol mime o My_Index Price far o Time_Text x pate SS j TkYol False My_Index 1098 No help available Time_Text Formula result False My_Index 1098 Tr Help on this Function Cancel 6 Enter the followi
46. U N A N A u 06 00 Light Grey V N A N A v 06 30 Light Purple W 18 00 White w 07 00 Yellow X 18 30 Red xX 07 30 Dark Blue Y 19 00 Light Grey y 08 00 Pink Z 19 30 Purple Z 08 30 Green New TPO Alphanumeric Assignments Letter Time Color Letter Time Color A 01 00 Yellow a 13 00 Pink B 01 30 Dark Blue b 13 30 Green C 02 00 Pink c 14 00 Orange D 02 30 Green d 14 30 Light Blue E 03 00 Orange e 15 00 Dark Purple F 03 30 Light Blue f 15 30 White G 04 00 Dark Purple g 16 00 Red H 04 30 White h 16 30 Light Grey I 05 00 Red i 17 00 Light Purple J 05 30 Light Grey j 17 30 Yellow K 06 00 Light Purple k 18 00 Dark Blue L 06 30 Yellow l 18 30 Pink M 07 00 Dark Blue m 19 00 Green N 07 30 Pink n 19 30 Orange O 08 00 Green o 20 00 Light Blue p 08 30 Orange p 20 30 Dark Purple Q 09 00 Light Blue q 21 00 White R 09 30 Dark Purple r 21 30 Red S 10 00 White S 22 00 Light Grey T 10 30 Red t 22 30 Light Purple U 11 00 Light Grey u 23 00 Yellow V 11 30 Light Purple v 23 30 Dark Blue W 12 00 Yellow w 24 00 Pink X 12 30 Dark Blue x 24 30 Green News Aspen News windows offer real time breaking news stories Aspen News windows are searchable and incoming stories may be filtered to display items relating to specific markets and or issues Aspen works with several data vendors who offer news services Contact your Aspen Sales representative for pricing and subscription information DJ Dutch Foreig i ks Russia Mtg On Sakhalin S DJ DJ Dutch Foreign
47. Variable Example Syntax Using a number Display an instrument in scale 1 8 8th s the S amp P s other units Rounding and the Scale Function Cell width is important when using the SCALE function to modify the number of decimal places of any value If a cell s width will not accommodate a decimal value rendered by the SCALE function the value returned may not be the value expected When using the SCALE function to display an instrument quote value in decimals and 1ts cell is too short to display all decimal places Aspen Graphics drops off the decimal places it cannot display The numbers are there but the display width is too short so the numbers are not visible on the page In formula quotes the SCALE function truncates values modified by numbers and rounds values modified by instruments and quote groups when the display width is too short To avoid problems caused by inadequate cell width remember to allot extra space when using the SCALE function A cell can always be made smaller but it is often difficult to make cells larger in a quote window Writing a Formula Formulas are written in Aspen using two methods by entering them directly on the chart and by using the Formula Editor Directly entry is the ideal methods for one line formulas such as spreads The Formula Editor is best used for complex multi line formulas Entering Formulas Directly on a Chart 1 Create a Default Chart 2 T
48. and C o Close Closes the Alarm List Dialog o Add Opens the New Alarm Dialog o Edit Opens the Edit Alarm Dialog o Delete Deletes the selected Alarm o Import Imports Alarms from Previous Versions of Aspen Displaying the Alarm List Dialog Using the Main Menu 1 Left Click Tools in the Main Menu 2 Left Click Alarms in the Tools Menu Using the Context Sensitive Menu 1 Right Click an empty Aspen Workspace 2 Select Tools 3 Left Click Alarms Using Dot Commands 1 Type alarm lt enter gt anywhere in Aspen Adding or Editing an Alarm Edit Alarm x Trigger Condition time 11 15 Memorandum and Email Subject This is the Alarm Command Actions on Trigger Trigger State Trigger Frequency True Continuous False Daily Changes C Once lv Enabled Audio Alarm ALARM1 WAV 2 Auto Delete 3 V Visual Alert l Audio Repeat Email Frequency Once Configure Email Recipient s support aspenres com test aspenres com Current State FALSE Cancel Delete o Trigger Condition Specifies the alert condition SPM7 765 or CK8 Recent CN8 Recent gt 4 o Memorandum Optional and requires no entry Configures a message that will be displayed in the visual alert box when the alarm is activated o Command Actions on Trigger Allows the user to assign an action to be performed when the alarm conditions are met
49. and copy cells A1 and B1 Next select cells D1 and E1 Left click on Edit gt Paste Special Select Values from the Paste Category in the Paste Special dialog box Click OK El Microsoft Excel Book1 H File Edit Yiew Insert Format Tools Data Window Help Ai Cut Ctrl x S BSlo a copy ce Y Reply with Changes End Re pa A Paste Ctrl y Delete Delete Sheet Move or Copy Sheet A Find Ctrl F 7 Cells D1 and E1 should still be highlighted if not highlight these two cells Select Insert gt Cells From the Insert menu choose Shift Cells Down Click OK El Microsoft Excel Book1 File Edit View Insert Format Tools Data Window Help EN de lt Ov Ca y a Reply with Changes End Review Rows Columns B 404 Chart Fe Function 5115 2002 8 Left click on Tools gt Macro gt Stop Recording El Microsoft Excel Book1 3 File Edit View Insert Format Tools Data Window Help SAG DSUS gt Macros alero gt 3 fata AG el gA a Add Ins m Stop Recording D1 a fe Customize Security F A B e Options 2 Visual Basic Editor Alt F11 l 1 15 15 2002 478 25 Y Y 62 5 15 2002 476 5 lt a 9 After the market close each day open the Excel spreadsheet and then left click on Tools gt Macro gt Macros Select the macro from the list and then click on Run An advanced Excel user may be able to help you a
50. and save it to a folder RSI_Day series chart rsi 1 14 1 1 2 100 1 1 Pee gt 6 Right click in the new Split Window of the chart 7 Select Add Study 8 Select Formula Study 9 Select Folder Name 10 Left Click RSI_DAY When you enter a symbol in the quote window you will see the daily RSI value for that symbol The Scale Function Sometimes it is useful to change the units in which an instrument is quoted The Scale function allows users to control how a value is displayed in a quote window or quote page For example a formula in Aspen will normally be displayed in decimals If you use a formula to evaluate Bonds which trade in 32 s you may also want to use the Scale function to display the result of the formula in 32 y The Scale function has two parameters The first parameter identifies what you want to modify this can be a price quote code formula or variable The second parameter tells the Scale function what the units should be modified to resemble this can be a number instrument or variable For example both scale 1 high us and scale 1 high 32 will display the high value of any instrument in 32 s The Scale function can be used to Modify a Price Example Syntax decimal places year notes instrument Modify a Quote Code Example Syntax Display a bid in 64th s stock instrument Modify a Formula Example Syntax 32nd s like the S amp P s symbol s units Modify a
51. ccccsomen o thers cam a a a a a aS 40 Timeframes and Performance A e e a EEE RA aE 41 Nayvigatine Charts oo esre a e ea a e a ai S 42 Chart Types nina dd id 42 Bars y e e e a e eas a 42 A ute igdaG cattle Metta det eid Gakic cada dal set 43 Displaying Candlesticks nina aia 44 Candles ticles Clots si risentia te a riiseni l dci 45 Point and Figure CAS A AOS 47 Displaying a Point and Figure Chalt oooonncccnnococinonaccnoncnonnnanononononnncnonnncncnnnononnnccnnnnos 47 Point and Figure Paralela E e E E aeS 48 D1 Cart K E E tir 49 Tie Over Time Chart data 50 Zero Min t Ca al dee ole ne rra dae uote a das 51 Line Ua ie el da 53 PUI eC att sian cok Soda ace EY 54 AAA a aed ating Ba ess sa ce sapien ee O a a 56 Indicators 59 indicator Related comas o depa de 59 Addme BI ONCE A lads Sa ea eh se N iG 60 Adding a Study to a Split Window A ii cetont veges 61 Remotas Indicar ida 63 Removing Split Windows usina nvidia da ncdcin i a i i i leidas 63 WG SO yal ocr cecict secession eaten sc uaccatadaecaceds a n a a a ESE 64 Displaying the Study Dialogissa ieee See AARG 65 Using the Study Dial ui a noes 66 Adding Studies and OverlaY Sintiendo incaico 66 Trendlines A A AA A E A AS 67 Entering and Exiting Trend Mode dia ci ia 67 The trend Mode Toolbar a e e dd ecu 67 Freehand Mode cossin enesis Sa 70 Drawing or ot 70 Drawing Horizontal Fibonacci RetracementS ooooocnonnnoncnnnnnnoonnnnnnnonncnonocannnona nono ncnoncnnnos 71 Drawing Diagonal F
52. determines how many periods should be used in the moving average from the Mav Periods field of the study s parameter menu The number of periods back to be compared against the current moving average value is determined in the Period field of the study s parameter menu Custom Aspen Graphics Formulas MovAvgMom series per 5 savg 1 10 savg S1 10 per This formula once entered in the Formula Listing allows you to use Moving Average Momentum in color rules and alarms as shown in the following examples Color Rule Example if MovAvgMom 1 gt 1 clr_green if MovAvgMom 1 lt 1 clr_red clr_yellow This three part color rule will turn a bar green when the Moving Average Momentum is greater than 1 red when the value is less than 1 and leave all other bars yellow The color rule is based on a 10 period moving average Alarm Example chart MovAvgMom us lt 1 5 1 1 2 100 1 3 The alarm will trigger when the Moving Average Momentum for the front month of bonds is less than 1 5 The alarm is based on daily bars Charting Setup Idea The Moving Average Momentum study is an oscillator By default the study is drawn as a line but can be graphed as a histogram or a variety of other methods See the Charting Setup Idea at the end of the Acceleration section Moving Average Oscillator This study subtracts one moving average from another The MACD study which uses two moving averages of the same average type exponentia
53. follow the steps in the Create a Quote Link section above To link Options specific data 1 Enter an option symbol or macro into the Symbol field 2 Double left click on the Options Quote Codes to be exported from the List of Available Elements 3 Left click on Copy Link The requested options information should now be displayed in the spreadsheet Quote History Option Formula Fundamental Symbol SPC Select From List of Available Elements Selected Element Description Theoretical price pa xl Clear Selections QMASTER QUOTE ISP C SYMB NET DELTA Copy Link Cancel Formula Exporting an Aspen Graphics Formula to the Spreadsheet The Formula tab only has one field for input Enter the name of the formula as it appears in the Aspen Graphics Formula Manager followed by the symbol s to be used in the formula in parentheses DDE Link Generator Helper Dialog Quote History Option Formula Fundamental Enter the Name of the Formula pcha mstt A formula can also be written directly into the dialog box The formula must use Aspen Graphics Formula syntax and remember to use the Chart Function in studies that call on past bars Enter the Name of the Formula chart hvollnat 1 0 1 1 2 100 1 1 Inittate a DDE Link from within Aspen Graphics A link can be initiated from the Aspen Graphics toolbar via Tools gt Create DDE Link Aspen Graphics for Windows 1 File Edit View Fo
54. formula will return the last variable listed before exiting Variables are declared using the following syntax Identifier Value Identifiers must abide by naming rules Identifiers cannot be named an existing Aspen function ticker symbol or formula name Identifiers must use alpha numeric characters In many pre defined Aspen Graphics formulas we use the variable ret val short for return value Retval is given a starting value often 0 and then calculations are done in the formula to change that value which is then returned Here is an example of a simple multi line formula using retval as a variable Retval begins equal to 0 If the high of the period is greater than the top Bollinger band then retval is equal to 1 If the low of the period is less than the lower Bollinger band then ret val is equal to 1 ioixi DA X 2 BB_Break series begin retval 0 if 1 high gt bb 1 20 2 then retval 1 if 1 low lt bb 1 20 2 then retval 1 Drawing Text Values on the Screen Multi line formulas allow greater scope for formula writing as they contain functions for looping and multi line If statements than single line formula Also the ability to have text returned as a result of a formula as well as numeric values is not available to single line formulas This can be useful for identifying candlestick formations or indicating where averages cross without the need for the lines themselves to be drawn When used with Quote window
55. list and then enter the number of days in the input box Chart Properties General Scale Data Colors Continuations Vertical Price Scale Linear C Log C Percent Change Horizontal Scale Width eae y Days 5 2 Timeframes and Performance Aspen is capable of displaying data in many customizable time frames To increase performance Aspen uses databases that are designed around three different time periods These time periods are daily 15 minutes and ticks Daily weekly monthly and yearly time frames are built using the data from the Daily database Intraday time frames that are multiples of 15 are built using the 15 minute database Any other intraday timeframe is built using the tick database Using timeframes that pull from the tick database can be very resource intensive User timeframes that fall close to a multiple of 15 should be specified as a multiple of 15 A 14 minute time frame is a good example of a user specified timeframe that should be specified as 15 minutes In the case of a 14 minute chart the Aspen Workstation must query the server for every tick in a 14 minute period and calculate the high low open and close price from that data For heavily traded instruments this translates into tens of thousands of calculations and if a chart is attempting to display months of historical data this can translate into millions of calculations that must be performed prior to any data being sent A 14 minute tim
56. of the lowest numerically valued variable Available in Modify Layout mode Scroll Down Creates a ticker like vertical scrolling action Available in Modify Layout mode Scroll Right Creates a ticker like horizontal scrolling action Available in Modify Layout mode Format Rows Newly added Quote Codes will be added from top to bottom Available in Modify Layout mode Format Auto Colum Column Quote Grid Code Lines o Format Columns Newly added Quote Codes will be added from left to right Available in Modify Layout mode o Quote Code List Toggles displaying the Quote Codes Dialog Available only in Modify Layout mode o Auto Column Width Automatically formats column widths Available in Quote Grid and Quote Board Windows o Grid Lines Displays a grid outlining row and column borders Available in Quote Grid and Quote Board Windows Adding Formulas or Text to a Quote Window Free Format Quote Windows are not limited to the quote codes found in the Quote Code Dialog User defined text and formulas may also be displayed in a cell Custom text based headers must be wrapped in quotation marks Formulas must be wrapped in a chart function More information concerning the chart function can be found in the chapter on Formulas Text and Formulas are entered into a cell using the Cell Insert Window Quote1 2 SYMB 3 SYMB 4 SYMB 5 SYMB 6 SYMB 7 SYMB 8 SYMB 9 SYMB 2 OPEN 3 OP
57. or not these toolbars appear is controlled by the user and the option to view toolbars is found under View Toolbars It is also this option where settings for the Menu Bar and Status bar are kept Aspen Graphics for Windows 1 File Edit YER Format Tools Window Help v Menu Bar Always On E E chart E Shortcut Keys y Status Bar Window v Window with Text v Chart v Clock v News v Option Chart v Reuters Text v Price Volume v Quote v Quote Edit v Time and Sales v Trend Line v Volatility Skew All Toolbar buttons have ToolTips associated with them which will appear after a couple of seconds of pointing at a given button Menu Bar This can either be set to be permanently displayed or to only appear when the mouse pointer is moved over the title bar Status Bar The status bar can be turned on or off and set to display a number of pieces of information Product v Feed User y State v Clock Hide REUTERS rt Session OPEN 2 10 PM BST Accessing Menu Options In Aspen it is possible to access menu options in several different ways Using the mouse a simple right click on a window will display the quick menu alternatively when a window has focus the options relating to that window will appear on the menu bar As has been mentioned before there are a number of toolbars associated with the different windows and most of the options are also available here The fourth and final
58. print using this method make sure that Print Preview found in the Print Setup box is not selected If Print Preview is selected the system will wait for you to approve the print job before it is printed Setting an Audio Alarm The Audio Alarm field configures the alarm assign a sound sequence to an alarm Single left clicking in the Audio Alarm field will scroll through the audio files assigned to the audio alarms Setting this field to None will only trigger a visual alarm no audio alarm will accompany it If your computer is equipped with a sound card you have access to up to 99 audio alarms Using the Windows audio recorder you can record a custom message and assign it to an alarm The Windows audio recorder creates WAV files To create a WA V file for use in an Aspen alarm record a message and name the file using the convention ALARM lt integer gt WAV Examples of names for your WAV files are Alarml wav Alarm23 wav Alarm89 wav Up to 99 unique WAV files can be saved and applied to the Aspen alarm feature Save the WAV files to the apex directory on the drive Aspen Graphics is located in To assign a WAV file to an alarm left click in the Audio Alarm field until the file name which corresponds to the name of the WAV file is displayed For instance if the file is named Alarm16 wav scroll through the numbers in the Audio Alarm field until the name ALARMI6 WAV appears When the alarm is triggered the sel
59. see the values displayed in tabular form This is done by displaying the chart s menu and selecting Tabular List Changing the Color of the Bars The bars of any chart can be changed from the default color to another color by selecting Parameters from the chart s menu This opens the Bar Chart parameters dialog box providing access to various chart features Click the sign next to Colors then click the color name and the color box that subsequently appears You can now select another color from the color palette Chart Parameters See ASPEN GRAPHICS 4 0 gt STUDIES gt CHARTING TECHNIQUES gt BAR CHARTS gt CHARTING PARAMETERS accessible from HELP gt CONTENTS for more information on setting or changing a chart s parameters QUOTES Clearing quotes from a Quote Page lt enter gt 2 commas or double left clicking on Clear All Symbols from the Quote Menu will clear all symbols from any quote window FILLDN and FILLRT commands The filldn and fillrt are keyboard commands entered directly into the command line that perform the same functions as selecting Fill Down or Fill Right when you are formatting a quote window but Filldn and Fillrt can be limited to a specific range of cells Examples Filldn 1 3 will copy the 1 row and fill down to the 3 quote codes Filldn 2 will start with the 2 quote code and copy down the rest of the window DELGROUP command will clear the specified group of quote codes Delgr
60. source data for this symbol and updates at the same time rolling to the next month upon expiration For many users this will be sufficient however there are a number of drawbacks to these proprietary contracts First the market often considers the next contract to be the front month several days prior to expiration of the current contract and secondly it may be desirable to exclude certain serial contracts and only include the quarterly ones or specify exactly which months are used By making use of the Aspen continuations both the above can be remedied The way in which Aspen builds its continuation charts is to take the underlying futures contract and string them together in a chain Because each contract has an expiration date we can reference this and set the contracts to roll early either by a fixed number of days on the first trading day of expiration week or the first trading day of expiration month Further because we are referencing the underlying contracts we can state exactly which ones are to be used The sole disadvantage of using the Aspen continuation method is that the data cannot be plotted on an intra day basis Different types of futures may require separate handling in this regard and to that end we have two methods of continuous contracts available in Aspen Again the symbol root is used followed by either cl apostrophe c1 or c2 for method one or method two Exactly how methods one and two differ is controlle
61. speakmade speakmade 1 currpeak currpeak 1 end while currpeak gt diverge peaklen do begin if 1 high currpeak 1 lt 1 high currpeak then peakmade peakmade 1 if sstoch 1 9 3 currpeak 1 lt sstoch 1 9 3 currpeak then speakmade speakmade 1 currpeak currpeak 1 end The successive lower highs are now checked and again 1f made the appropriate variable 1s increased until the requisite number of PEAKLEN bars has been checked if speakmade peaklen 2 and peakmade peaklen 2 then 2peaks 1 If a peak has been made for either the price or the stochastic then the PEAKMADE and SPEAKMADE values will be twice the number of the PEAKLEN The line above checks to see if both these are twice the length at which point the 2PEAK variable is assigned a value of 1 if 2peaks 1 then begin The values of the price and the stochastic at the peak are now compared with the current values and if the divergence has occurred then the DIVSIG variable is assigned a value of 1 and the appropriate text is displayed if Sl diverge gt 1 and sstoch 1 9 3 diverge lt sstoch 1 9 3 or 1 diverge lt 1 and sstoch 1 9 3 diverge gt sstoch 1 9 3 then divsig 1 end if divsig 1 then begin Diverge ftiny clr_green vertical below arrow end end mydiverge Modify the properties by clicking on each of the values you want to modify and making any necessary changes Diverge 5 0
62. studies in a fashion that is similar to Windows Explorer Each item category in the Study Explorer contains one or more studies To display the list of studies associated with a category simply Left Click the category name Items with a icon indicate the category contains sub categories Simply Left Click the icon to expand these sub categories and Left Click the icon to retract these sub categories The list of studies associated with a category or sub category are displayed in the Study List Panel Adding Studies and Overlays The Study Dialog offers three methods for adding an Overlay or Study to a chart Using Icons Left Click a Category in the Study Explorer to display a list of studies Left Click an indicator in the Study List Panel Add the Selected Study To Add an Overlay Left Click the Add Study icon E To Replace a Study Left Click the Replace Study icon E To Add the Study in a new Split Window Left Click the Add Study to New Split Icon 7 To Add the Study to a new Layer Left Click the Add Study to New Layer icon Using the Context Sensitive Menu 1 Left Click a Category in the Study Explorer Panel Right Click a Study from the Study List Panel Select Add a Study To Add an Overlay Left Click on Add Study To Replace a Study Left Click on Replace Study To Add the Study in a new Split Window Left Click on Add Study to New Split 7 To Add the Study to a new Layer Left Click the Add Study on New Lay
63. then retval SomeValue Multi Line If Statement Example If 1l high gt 1 high 1 then begin lt Add Additional Logic Here gt End Looping Aspen offers looping mechanisms as another method of flow control Loops are useful for counting and iterative operations Aspen uses For and While statements for looping control While Example while currpeak gt diverge peaklen do begin if 1 high currpeak 1 lt 1 high currpeak then peakmade peakmade 1 if sstoch 1 9 3 currpeak 1 lt sstoch 1 9 3 currpeak then speakmade speakmade 1 currpeak currpeak 1 end For Example fact5 n begin result 1 for i 1 to n result result i result end AN Looping in Aspen can be very resource intensive Care should be taken to avoid unnecessary iterations Care should also be taken to avoid writing infinite loops Functions Functions perform different types of calculations on the data Aspen Graphics includes a variety of pre programmed functions and gives you the ability to write your own formulas as necessary Each function needs to be told what data to examine a specific instrument a variable like 1 a formula number or some other series of data In addition there may be other parameters you need to specify as well depending on the type of function The tables below list the functions that are programmed in Aspen Graphics along with their required and optional parameters Calculates Optional Paramete
64. there is enough space all of the columns will be duplicated to the right of the original row Fill Right has similar behavior but with rows Therefore the dimensions of a window are important when applying a Fill Down or Fill Right command In the window below the rows from 12 thru 22 are continued to the right of the intended layouts dimensions f Efx 12 LAST 13 LAST Quote3 12 0PEN 13 0PEN 14 0PEN 15 0PEN 16 0PEN 17 OPEN 18 0PEN 19 0PEN 20 0PEN 21 0PEN 22 0PEN 12 CLOS 13 CLOS 14 CLOS 15 CLOS 16 CLOS 17 CLOS 18 CLOS 19 CLOS 20 CLOS 21 CLOS 22 CLOS 12 NET 13 NET 14 NET 15 NET 16 NET 17 NET 18 NET 19 NET 20 NET 21 NET 22 NET 1 NET 2 NET 3 NET 4 NET 5 NET 6 NET 7 NET 8 NET 9 NET 10 NET 11 NET 1 SYMB 2 SYMB 3 SYMB 4 SYMB 5 SYMB 6 SYMB 7 SYMB 8 SYMB 9 SYMB 10 SYMB 11 SYMB 1 0PEN 2 0PEN 3 0PEN 4 0PEN 5 OPEN 6 0PEN 7 OPEN 8 OPEN 9 OPEN 10 0PEN 11 0PEN 1 CLOSE 2 CLOSE 3 CLOSE 4 CLOSE 5 CLOSE 6 CLOSE 7 CLOSE 8 CLOSE 9 CLOSE 10 CLOS 11 CLOS 1 LAST 12 SYMB 2 LAST 13 SYMB 3 LAST 14 SYMB 4 LAST 15 SYMB 5 LAST 16 SYMB 6 LAST 17 SYMB 7 LAST 18 SYMB 8 LAST 19 SYMB 9 LAST 20 SYMB 10 LAST 21 SYMB 11 LAST 22 SYMB 14 LAST 15 LAST 16 LAST 17 LAST 18 LAST 19 LAST 20 LAST 21 LAST 22 LAST Fill Down and Fill Right commands can be repeated
65. to select it A B E y 4 Left Click the Parallel Lines icon to activate it Left Click a position on the chart to draw the new line Exit Trend Mode Using the Context Sensitive Menu Enter Trend Mode Right Click a trendline to select and display the menu Left Click Parallel Left Click a position on the chart to draw the new line Exit Trend Mode e a a Using the Main Menu Enter Trend Mode Left Click a trendline to select it Left Click Trendlines in the Main Menu Select Edit Left Click Parallel Left Click a position on the chart to draw the new line Exit Trend Mode Adding Linked Parallel Lines A A Using the Linked Parallel Line feature will draw a line parallel to the selected line These lines cannot be moved independently Using Icons Enter Trend Mode Left Click a trendline to select it Left Click the Parallel Lines icon to activate it 4 Left Click a position on the chart to draw the new line Exit Trend Mode ie ES Using the Context Sensitive Menu Enter Trend Mode Right Click a trendline to select and display the menu Left Click Parallel Left Click a position on the chart to draw the new line Exit Trend Mode AP eh Using the Main Menu Enter Trend Mode Left Click a trendline to select it Left Click Trendlines in the Main Menu Select Edit Left Click Parallel Left Click a position on the chart to draw the new line Exit Trend Mode AS ee Del
66. total length of this bar reflects the total tick volume at a price o Value Area Represents the prices at which approximately seventy percent of the volume of the completed day s activity occurred o Volume Scale Indicates the number of ticks relative to the nearest grid line Price Volume Cursor Upper Price Volume HA Lower 7 84 915033 70 7 91 7 80 11945274 637724 gle ae Lower Volume Upper Upper Lower TPOs Volume TPOs o Price Indicates the price at the cursor s location o Volume Indicates the volume at the cursor s location o Upper 70 Indicates the upper limit 70 value area o Lower 70 Indicates the lower limit 70 value area o Lower Volume Indicates the tick volume below the cursor location o Upper Volume Indicates the tick volume above the cursor location o Lower TPOs Indicates the number of TPOs below the cursor location o Upper TPOs Indicates the number of TPOs above the cursor location Displaying a Market Profile Using Icons 1 Left Click the Time and Sales icon lPrice volume 2 Left Click the Market Profile window and enter the symbol Using the Context Sensitive Menu 1 Right Click in an empty Aspen workspace 2 Left Click Price Volume in the new menu 3 Left Click the Market Profile window and enter the symbol Using the Main Menu 1 Left Click File in the Main Menu 2 Select New Window 3 Left Click Price Volume in the new win
67. 1 convention For example to be alerted when the slope of the study is rising enter the following in the formula field if 1 gt 1 1 clr_green clr_red To color a STUDY based upon data of the underlying instrument RAWDATA must be used instead of 1 For example to be alerted when the instrument s price is rising or falling regardless of the study value displayed on the chart enter the following formula if rawdata gt rawdata 1 clr_green clr_red With a study displayed in a chart activate the color rule by bringing using the same method as adding a color rule to a chart Using Number Codes For Colors In A Color Rule In very lengthy color rule formulas replacing the number codes for the colors can save valuable space Color rule formulas are limited to 255 characters Number equivalents to system colors are listed below Color Named Constant Number Yellow clr_yellow 0 clr_green Cyan clreyan 2 o White clrwhite 3 _ Violet clr violet 4 o Pik clpink 5 clr_gray rrd 8 Blue clrblue 9 The 5 Gain formula using number codes in place of the colors would be written the following way if pchg 1 gt 5 1 8 Coloring Specific Prices Color rules can be used to color a specific price on the bar chart For example to set 5 Gain to the Low price follow these steps Right Click the chart Left Click on Parameters Left Click on the color name to the right
68. 100 1 1 This alarm will trigger when there is a spread of at least 15 points between the DI and the DI lines The alarm is based on daily bars for the front month of coffee futures Directional Oscillator The Directional Oscillator combines the DI and DI lines of the Directional Indicator also known as the Directional Movement Index into one line that fluctuates above and below zero The signals generated by the Directional Oscillator and the Directional Indicator are identical See Directional Indicator in this section for more information on the DI and DI lines Keyboard It works best in Command Type of Study Trend Indicator Cash and Futures markets all time frames How Aspen Graphics Calculates It The Directional Oscillator study is calculated as follows DI minus DI For an explanation of how the DI and DI values are calculated see the Directional Indicator study Default Parameters Settings Field Value Color Yellow Graph Line Line Style Solid Line Width 1 Pixel Period 14 Custom Aspen Graphics Formula DirOsc series dmipos 1 14 dmineg 1 14 This formula will allow you to use the Directional Oscillator study in color rules and alarms Color Rule Example if DirOsc 1 14 gt 0 clr_green clr_red This color rule will color all bars green when the Directional Oscillator is positive and will color all bars red when the Directional Oscillator is negativ
69. 1050 0 11000 0 10950 0 10900 0 110850 0 10800 0 110750 0 10700 0 110650 0 110600 0 110550 0 110500 0 ME 110400 0 110350 0 10300 110250 0 110200 0 10150 0 110100 0 110050 0 Current Price Price Scale Time Frame Chart Properties Dialog Chart Properties General Scale Data Colors Continuations Seasonal Symbol amd Prefix V Display current price V Display title bar Display horizontal scrollbar Display vertical scrollbars r Hide grid lines I Display horizontal cursor Save s Default Cancel o Symbol Contains the current symbol on the chart Symbols and formulas can be entered here o Prefix Contains any feed specific country prefixes o Display Current Price Enabling this option highlights the current price on the chart o Display Title Bar Toggles the display of title bars on chart windows o Display Horizontal Scrollbars Toggles the display of horizontal scrollbars o Display Vertical Scrollbars Toggles the display of vertical scrollbars o Hide Grid Lines Toggles the display of the background gridlines o Display Horizontal Cursor Toggles the display of the crosshair cursor o Save As Default Sets the current options as the default display for each new chart created Chart Properties General Scale Data Colors Continuations Seasonal Vertical Price Scale
70. 2 days before Nov 2004 crude expires o FORMULAS pchg us gt 5 when the value of pchg percent change is greater than or equal to 5 for the lead month of bonds o EXPRESSIONS sp prev sp low gt 10 when S amp P is down 10 points from yesterday s close Any formula that can be entered in the Formula Writer can have an alarm set on it Since most of the canned studies that come with Aspen Graphics can be written this way these studies can have alarms set on them Note if the formula contains a ranged function e g the highest high in the last 14 bars or a subscription e g the previous bar or two bars back the formula must include the Chart function See the Formulas section of this document for more details on using the Chart function YN Alarms cannot monitor Trendlines or News stories What Happens When The Alarm Is Triggered When an alarm is triggered an alarm window is displayed across the bottom of the screen if Visual Alert is enabled The alarm window will include the date amp time the alarm was triggered the state of the trigger condition T true F false the trigger condition a memorandum if a message in the Memorandum field is specified and directions for removing the alarm window from the screen YN l a If the Trigger When State matches the Current State in the Alarm Setup Window your alarm will be triggered as soon as you select Done This allows you to
71. 3 3 Instrument periods for the Slow D Line FastK periods for FastD SlowK periods for the SlowD Wavg Weighted Moving wavg 1 30 Instrument periods shift Average Chart Functions Function What it Calculates Syntax Example Required Parameters Optional Parameters Chart Provides a formula with a chart rsi ip 14 Formula or function bar frame of reference 11 15 1 100 1 3 width bartype numbars similar to that of a chart nogaps night session Calc On Off 1 Gapfill Value with which to fill gapfill cl cl thigh Instrument formula function gaps on a chart or value to fill gap Most recent value of the quote csco ask Instrument Quote Code requested quote displayed as a horizontal line in a chart Trig Functions Function Cosine Sine arcCosine What it Calculates Returns the cosine in degrees of an angle in degrees Gives the sine in degrees of an angle in degrees Returns the tangent in degrees of a given angle Returns the arccosine the angle whose cosine is anumber in degrees in the range of 0 to 180 Syntax Example Cosine degrees Sine angleO Required Parameters Optional Parameters Angle An angle in degrees Angle An angle in degrees Tangent angle Angle An angle in degrees ArcCosine Cosine deg Cosine The cosine in degrees cosine of an angle This value must be between 1 and 1 Special Functions
72. 4 Market Profile Anatomy tii IO ii 125 Price Volume Cria ta 126 Displaying a Market Prol isa 126 Market Profile Tobar RA 127 The Market Profile Menu isisiscsscceisci secasasagsaasvetadentasecsaneadegsdads ontecavuases cata efes toantecesasebeds 128 Profile Properties O IE AER 129 Displaying the Market Profile Properties Dialo8 oonconnccnnnnnnonccnococonncnnncnnancnncnn 133 ME caia 133 Removing Merged Prol aia ia 133 TPO Saa ida 134 Old TPO Alphanumeric Assignments coooccccnocccnnnnccnonnnnnonanononacononanononocoonnannonannnonanos 134 New TPO Alphanumeric Assignments iii is 134 NES crue ect tet elena baritone ern a erates 135 Displaying a News Window 52 3 cccsssssqonzevssvaciderebeadsdanedcasuudsdinguhedeetsceensdedeestemedecehes 136 News Window OO Dar ad 136 ING WS li o dened bande ues eae dane 137 Display By Cat gory i eb 137 Keyword Seira 138 Additional News Window Tip dais 139 Time and AA a tk a a e ee a a An 2 140 Displaying a Time and Sales WindOW oococnnocccnoncccnoncnononcnononcnonnncnnnnncconncnnonnccnnnncnnns 141 Timeand Sales Properties 141 Displaying the Time and Sales Property Dial0g8 ooononnncnnncnnnnnnonanonncannnnnancnnnonos 144 Formulas unsirnri tl ds tea 145 The Parts ota Pon dd od to dnd 145 EXPressiOMs ii 146 E 150 ELLY SP UNICU GIS onto 151 Chart PunclONS usando ria cdas 152 Trig FOCO a e an a 154 Special Funcion es 154 The Chart Fono A e ias 154 Th esScale Pincho ceca Slab cape sce
73. 8 NET 9 SYMB 9 0PEN 9 CLOSE 9 NET 10 SYMB 10 O0PEN 10 CLOS 10 NET This layout was created by specifying starting and ending variable values when executing the Fill Down command The portion dedicated to the NYSE Gainers was filled using the filldn 1 5 command For the remaining sections the Quote codes were created normally However the new Quote Codes begin with the variable 1 by default These values were edited by Left Clicking the cell and replacing each 1 with 6 for the new section Then the i11dn command was called specifying variables 6 and 10 The sequence is similar to continue the Nasdaq Gainers and Losers Using a Dot Command Fill Down 1 Create a Free Form Quote Window 2 Enter Modify Layout Mode 3 Populate a Free Form Quote Window row with the appropriate quote codes 4 Type the following command Where n represents the starting number and m represents the ending number filldn nm Press the lt Enter gt key on the keyboard 6 Exit Modify Layout mode pi Using a Dot Command Fill Right 1 Create a Free Form Quote Window 2 Enter Modify Layout Mode 3 Populate a Free Form Quote Window column with the appropriate quote codes 4 Type the following command Where n represents the starting number and m represents the ending number Fillet nm Quote Code Definitions Ask Ask2 Ask7 Asksize Asksize2 Asksize7 Asktime Asktime2 Asktime7 Askx Askx2 Askx7
74. An Aspen Page is a container of one or more Aspen Windows An Aspen Page is the entire Aspen Graphics screen layout An Aspen Window is a single chart quote or news window An Aspen Page can contain any number of such Windows The Aspen Page below contains five windows two chart windows two quote windows and a news window 990 201 1153 1140 2294 17116 12 00 7117 12 00 7 18 12 00 DEPARTMENT OF AGRICULTURE Commodity Credit Corporation HIGH STRAIN PIEZOELECTRIC MATERIALS AND ACTUATORS FOR ADAPTIVE ODJ CFTC Commitments Nymex Unleaded Gasoline Fut Opt Jul 18 319 NWE Methanol Commentary From page 346 18JULO3 346 NWE Methanol Dips further Aug T2 trades at Eur172 mt FOB 18JULO3 318 NWE MTBE Commentary From page 342 18JULO3 990 00b 990 00 1260 00a 990 25a 1259 50b 1259 50b 990 25a Saving Files When saving files in Aspen care must be taken to ensure that the file is saved in the correct format Aspen Pages and Aspen Windows are stored in separate sub directories Aspen Pages and Aspen Windows are also saved using a different process Saving Pages Save an Aspen Page by left clicking on the File Menu then left click Save Page SUPERQUOTE Aspe EN Edit View Format C New Window gt Ge Open Open Page Open Window Close All Save Page E Save Page As Save Window EHSave Window As Export Print Print Setup Logout Exit 1 SUPERQUOTE 2 SI_Empty 3 myQuotePagel 4 day
75. Aspen Graphics 4 2 User Manual GRAPHICS TRADE WITH CONFIDENCE Aspen Graphics 4 2 User Manual etica di ad a 1 What Is Aspen Graphics 4 2 7 3 sescsasievcssccusaegaeed shavadeasugen desenceseascesedes soucaccendenstetecgasndsauenanass 8 MDE GC ES MELAS SE ca coo sae E a ed ad Sanaa A aes Staal a traced otic Sec E R 8 CY IS is A Vo anaes ee a ee DA 8 Clocks usurpar nee 8 MOS artrosis 8 NEWS ann a a aa 8 LE anid Sales A A ein 9 Price and VOS tati o tad 9 Other Windows sssini aliadas 9 DOTS Play CPO OTIS orc acits E E A N te tneens 9 A CO 10 Menu BB a ta 11 Stat s Bat siesti e cases t iel cts a i cue a easi Ishin 11 Acc s simo Mena O POS de 11 Manasino the DIES EOIN c5 coda ia aa 11 Setup Options Did ii na 12 Miscellaneous 200000 ta 12 A O A RRE 13 About Aspen Pages and Aspen Windows cssccessceesseceseeeeeeesseecsaeceaeesseeesneecnaeenes 13 Saying FileSend a ian r T aa E R 14 Open Feseia e e tafe e e o o o da 16 Charlsa a chaste ete a ok Mabey causa aa evenateea geste E ager ene 21 AALO VO uae R Qe o Fe A eR PME EEA T E REE Sst OF OE eR OGRE att ect OF OPER Re 21 Chart Todd topo dl 21 Char EIEmEntS ais 25 Chart Properties Did aia 26 AA eso a a eaae E e e Tiao a orea Tekna iA 31 Handling Futures Contracts viii dardo 34 CONO O DA nO EP E EE EE EE 35 Entering Multa Symbol Sass Nate scien E ates E E TE ane 37 Editing Symbols units jalisco E aa 38 Copy and Paste Symbols is SiE 39 Changine Timeframes utc
76. Click Parameters in the Study Menu Candlesticks Parameter Dialog Candlesticks Modify the properties by clicking on each of the values you want to modify and making any necessary changes Bar White Down Red Up Green Save as Default Cancel Apply The body of the Candlestick is represented by the Up and Down options To change the color 28 Left Click on the Item 29 Left Click on the Color Box that appears 30 Left Click on the new color in the Color Picker m o m EE E EE 6 Other Color Rules 31 Click Apply 32 Click Ok Save as Default The save as default option will store user preferences in Aspen By selecting this option all future Candlestick chart will automatically be configured with the specified color options Point and Figure Charts Point and Figure Charts present another method for analyzing market data Point and Figure charts display trend reversals through the use of X s and O s An X is drawn on the chart to record upward price movements and an O is displayed for downward price movement Each time a trend reverses a new column is started The user has control over sensitivity to trend reversal through choice of box size and reversal amount Chart1 Box Size Reversal Displaying a Point and Figure Chart Aspen offer three methods for displaying Point and Figure Charts Using Icons 33 Select the chart by Left Clicking on the Num
77. D Oscillator displays a value of zero and a buy or sell signal is generated The signals provided by the MACD and the MACD Oscillator are identical Type of Study Keyboard It works best in Command Overbought Oversold macdo Cash and Futures markets with wide trading ranges and at the end of strong trends How Aspen Graphics Calculates It The MACD Osc is MACD Line minus Signal Line MACD Line short term Exponential Moving Average with smoothing factor minus long term Exponential Moving Average with smoothing factor Signal Line Exponential Moving Average of the MACD Line The MACD Oscillator study may indicate oversold conditions when it crosses above the zero line When the oscillator moves back below zero again overbought conditions may be indicated Default Parameters Settings Avg Type Avg 1 Exponential Avg Type Avg 2 Exponential Avg Type Signal Line Exponential Color Yellow Graph Line Line Style Solid Line Width 1 pixel Period Avg 1 0 1 Period Avg 2 0 2 Period Signal Line 0 3 Price Avg 1 Close Price Avg 2 Close Note that the periods for the MACD Oscillator are expressed just like the MACD study which are different from the other studies in Aspen Graphics For an explanation of how these periods are calculated see the Default Parameters Settings for the MACD study in the previous section Custo
78. Drop Down Menu Using the Context Sensitive Menu 1 Right Click a portion in the Aspen Graphics Workspace that does not currently contain an Aspen Window 2 Select New Window 3 Select Quote 4 Left Click Quote Board Using the Main Menu 1 Left Click File from the Main Menu 2 Select New Window 3 Select Quote 4 Left Click Quote Board Entering Symbols Adding symbols to an Aspen Quote Window works similarly to the methods used to add symbols to a chart The exception is that a Symbol field must be selected and the Quote Window must not be in Modify Layout mode Quote SEE Using Icons 1 Left Click the Edit Symbols icon 2 Type the symbol 3 Press the lt Enter gt key on the keyboard to add the symbol and automatically move to the next row or column Using the Context Sensitive Menu 1 Right Click a quote window 2 Left Click Edit Symbols 3 Type the symbol 4 Press the lt Enter gt key on the keyboard to add the symbol and automatically move to the next row or column Using the Main Menu 1 Left Click Quote in the Main Menu 2 Left Click Edit Symbols in the Quote Window 3 Type the symbol 4 Press the lt Enter gt key on the keyboard to add the symbol and automatically move to the next row or column Using the Mouse o If the format is Format Columns 1 Left Click a row under a Symbol column to select the row to edit 2 Type the symbol 3 Press the lt Ent
79. EN 4 OPEN 5 OPEN 6 OPEN 7 OPEN 8 OPEN 9 OPEN 2 LAST 3 LAST 4 LAST 5 LAST 6 LAST 7 LAST 8 LAST 9 LAST DEK cnart rsi gt chart rsi chart rsi chart rsi chart rsi chart rsi chart rsi Using Icons Enter Modify Layout mode Left Click the cell in which the field should appear Left Click the Custom icon 4 Enter the custom text header or formula Press the lt enter gt key on the keyboard Exit Modify Layout mode ae ee iS Using the Keyboard Enter Modify Layout mode Left Click the cell in which the field should appear Press the lt enter gt key on the keyboard Enter the custom text header of formula Press lt enter gt on the keyboard Exit Modify Layout mode AA Fill Down and Fill Right The Fill Down and Fill Right commands populate the remaining portions of a Free Form Quote window By default these commands begin the process with the lowest valued variable and fill the page down or to the right A Fill Down or Fill Right duplicates an row or column typically the 1 variable until the window if full These commands only fill the window according to its dimensions Resizing a wndow will not automatically fill the rows or columns The layout created using the Fill Down or Fill Right commands will be preserved Likewise Fill Down and Fill Right commands will duplicate information until the entire window is full For windows using the Format Columns format 1f
80. Forms Formula Auditing Picture PivotTable Protection E Reviewing Text To Speech Visual Basic Watch Window Web WordArt Aspen DDE Tools TipWizard Customize The custom Aspen Graphics DDE Toolbar will now be displayed fod ed A E Step 5 The final step is to left click on Tools gt Add ins Left click the Browse button and look in c apex msexldde or substitute the path from Step 3 above if qmaster xlb was found in a different folder La Add Ins available Analysis ToolPak YBA 7 Arg32 Cancel Aspen Graphics DDE Conditional Sum Wizard I Euro Currency Tools T Internet Assistant VBA Browse IEE Automation Analysis ToolPak Provides Functions and interfaces For Financial and scientific data analysis Step 6 Left click on arg32 xla and then click on OK When returned to the Add Ins list left click on OK Displaying the DDE Link Generator Dialog Box A DDE link can be initiated from within either Aspen Graphics or Excel however both programs must be running for the links to be updated The following steps are performed in the Excel program A Be sure to select an empty cell Before performing the next step The data will be pasted into the active cell automatically 1 Left Click a Cell in Excel to select it 2 Single left click on the first button on the Aspen Graphics DDE Toolbar oo ioe A E This action will display the
81. Layered charts cannot display indicators in Aspen Split Windows Also Aspen cannot display custom color rules when using Layered charts Also any color configured for Overlay Studies are lost when using Layered Charts This can make Layered Charts with Overlays Studies difficult to read Seasonal Charts lt lt INSERT BLOOMBERG CHANGES gt gt gt Indicators Aspen offers many industry standard indicators Indicators are separated into two types Overlays and Studies Overlays typically perform calculations whose value is similar to that of the price of the instrument being charted for instance averages and price envelopes Studies on the other hand return values which work between certain levels oscillate around zero or contain values that are completely disparate to the price of the instrument Typically Study Indicators are displayed in a Split Window however it is possible to layer both Overlay and Study Indicators in the same Split Window Indicators can be used with any chart type As with anything in Aspen it is vital that the window to which the Overlay or Study is to be added has focus the simplest way of doing this is to left click the price scale A complete list of Indicators and descriptions their applications and Aspen s calculation methods can be found in Appendix A Indicator Related Icons Add Replace Add Study Overlay Study to New a O D G ur E B Add Add Study Study to New o Add Overlay
82. Left Click Trend Mode Using the Main Menu 1 Left Click Trend Lines 2 Left Click Trend Mode The Trend Mode Tool Bar Mi eee Gann nee Time Price E g S Horizont Spee Gann al d Squa Trend Line Default mode for drawing point to point lines Horizontal Draws a horizontal line at the selected point Horizontal Fibonacci Draws Fibonacci retracements by selecting a high and low point Speed Lines Draws speed lines by selecting a starting and ending point Gann Time Price Draws Gann Time and Price Lines by selecting two points Gann Square Draws a Gann Square by selecting a high or low point Andrew s Pitchfork Draws an Andrew s Pitchfork using points that form intersecting lines TD TD Move Dal EN F REL AES FAC ARC S6 7 TD TD aha Mon TD Rel Draws a Thom DeMark Relative trend line study TD Abs Draws a Thom DeMark Absolute trend line study TD Factor Draws a Thom DeMark Trend Factor study TD Arc Draws a Thom Demark Arc study Pivot Add Extend Trend Line Parallel pf HL Add Add Linked Fibonacci Parallel Line Pivot Trend Line Toggles the ability to rotate the selected trend line Add Fibonacci Lines Adds Fibonacci lines to the selected line by selecting a point above or below the trend line Add Parallel Line Adds a parallel line by selecting a point above or below the trend line Add Linked Parallel Line Adds a linked paralle
83. Linear C Log C Percent Change Horizontal Scale Width DAILY F Save s Default Cancel Linear The price scale is set by an instrument s trading units and the bar plots linearly along the scale Log Compares percentage price changes rater than absolute price changes Percent Change Compares the percent change in price from the close of the left most bar on the chart Width Controls the database used to calculate the data Modifier Controls the number of items selected in the Width option when calculating a bar Not all Width options enable the Modifier Option Save As Default Sets the current options as the default display for each new chart created Chart Properties General Scale Data Colors Continuations Seasonal Local I Display bars for day session r Remove gaps in chart Global Include data outside market hours F Calculate on each Tick Span gaps with a Last Price Used Display all of the trading times of all of the symbols Save As Default OK Cancel Display bars for day session Toggles the display of day session bars Display bars for night session Toggles the display of night session bars for instruments that have a night session Remove gaps in chart Toggles the display of any weekend or holiday gaps in the chart Include data outside market hours Toggles the display of after hours market data for inst
84. Lr 1 100 0 Key to Examples 1 Placeholder for a symbol that will be supplied later 100 Number of periods in the regression 0 Tells the function to use linear scaling 1 Use Logarithmic scaling 2 Use Continuous scaling 3 Use Quadratic scaling This function allows you to use Linear Regression s best fit line in Color Rules Quote pages and Alarms Unfortunately there is no function to calculate the confidence intervals Color Rule Example if 1 close gt Ir 1 200 1 clr_red if 1 close lt Ir 1 200 1 clr_green clr_yellow This Color Rule will color the bars with a close above the 200 period best fit line red and those below the best fit line green Moving Average Convergence Divergence MACD The MACD study measures overbought or oversold conditions The MACD differs from the Moving Average Oscillator in that it uses two moving averages of the same average type exponential but different number of periods Keyboard It works best in Command Type of Study Overbought macd Cash and Futures markets with wide trading Oversold ranges and at the end of strong trends Table 14 How Aspen Graphics Calculates It Moving Average Convergence Divergence MACD is as follows MACD Line short term Exponential Moving Average with smoothing factor minus long term Exponential Moving Average with smoothing factor Signal Line Exponential Moving Average of the MACD line Overbought a
85. MSFT or CLZ8 is that it allows you to use the formula with any symbol you like In other words it makes the formula generic The 1 saves a place for a symbol that will later be supplied Example A spread formula written as Spread cn8 ck8 This formula will be useful only as long as cn8 and ck8 are both trading it will be useless after one of the contracts expires A generic formula which could be used for any two instruments would be Spread 1 2 To chart this formula or to display this formula in a quote page enter Spread cn8 ck8 The macro is another type of variable for instruments like futures which expire It is used in place of a symbol s month and year codes to specify which of the currently trading contracts you want to evaluate After the symbol root sp for the S amp P 500 c1 for crude light etc a specifies the front month 1 specifies the first month out etc The macro allows you to write a formula for futures which doesn t have to be edited when one of the contracts expires Example In October of 2006 a strip formula for the first three months of natural gas could be written NatGasStrip ngv6 ngx6 ngz6 3 This would work however only as long as all three contracts were trading After that the formula would need to be changed to reflect the current three front months For example NatGasStrip ngx6 ngz6 ngf77 3 A more useful formula could be written NatGasStrip ng tng
86. Options Gann Square Gann Angles Gann Angles Angle Origins 1x8 V Upper Left Mi1x4 V Upper Right M13 V Lower Left W1x2 Y Lower Right Mixi Y 2x1 Display Iv 3x1 V 8x8 Grid M41 MV 3x3 Grid Mexi V 1 Point Grid All M Border Cancel 1 x 8 Toggles the display for 1 price unit for every 8 time units 1 x 4 Toggles the display for 1 price unit for every 4 time units 1 x 2 Toggles the display for 1 price unit for every 2 time units 1 x 1 Toggles the display for 1 price unit for every 1 time units 2 x 1 Toggles the display for 2 price units for each time unit 3 x 1 Toggles the display for 3 price units for each time unit 4 x 1 Toggles the display for 4 price units for each time unit 8 x 1 Toggles the display for 8 price units for each time unit Upper Left Toggles the upper left corner origin Upper Right Toggles the upper right corner origin Lower Left Toggles the lower left corner origin Lower Right Toggles the lower right corner origin All Select all Gann Angle toggles 8 x 8 Grid Toggles a 8 x 8 grid 3 x 3 Grid Toggles a 3 x 3 grid 1 Point Grid Toggles a 1 point grid o Border Toggles the border display Drawing Gann Squares A Gann square is a method of forecasting future support or resistance levels by counting forward from the all time low or all time high price of an instrument Chart3 DER The methods below can be
87. Page This launches the Aspen Page Manager SUPERQUOTE Aspe Edit View Format C New Window gt Ge Open Open Window Close All Save Page EH Save Page As Save Window Save Window As Export g Print Print Setup Logout Exit 1 SUPERQUOTE 2 SI_Empty 3 myQuotePagel 4 day majors 3 CurrencyCrossrates 9 SUPERQUOTE Page Manager Page Manager Tool Bar Soe lax yale lo Fixed Income Indices Main Metals MyFolder NYMEX News Options Folders Pivots Technicals Templates mine myQuotes Aspen Research CBOT CSEnergy Currencies Equities J API STATS 1 F3 API STATS 18BRENT ffs API STATS 2 Page Files RS API STATS 283 RS API STATS 48 5 R3 API STATS TOTALS he ENERGY1 PAGE Be Strips Cracks News Page Manager Tool Bar Open Page Rename File New Folder Clear Screen Import File Delete File Delete Folder Refresh o Open Page Opens the selected page in the Page Manager o Import File Allows the user to import existing Aspen Page files from directories other than the pages directory o Rename File Allows the user to rename the file in the Page Manager o Delete File Sends the selected file to the Recycling Bin o New Folder Creates and names a new folder in the pages directory o Delete Folder Deletes the selected folder o Refresh Refreshes the Page Manager contents o Clear Screen Removes and charts or quo
88. SKSIZE4 XMONTH CLOSE1 TIMES TICVOL2 BID ASKSIZE5 OPTIME CLOSE2 TRADE TICVOL3 BIDSIZE2 ASKSIZE6 OPTIME1 HIGH TREND TICVOL4 BIDSIZE3 ASKSIZE7 OPTIME2 LAST UNITS TICVOL5 BIDSIZE4 ASKX2 SBASE LAST1 SCALING TICVOL6 BIDSIZES ASKX3 SEXT LAST2 OPEN1 TICYOL7 BIDSIZE6 ASKX4 LAST3 OPR1 TICVOL8 BIDSIZE7 ASKX5 PE LAST4 OPR2 ol BIDX2 ASKX6 TYPEDESC LASTS CLR1 TCVOLUME BIDX3 ASKX7 TZONE LAST6 CLR2 TCOI BIDX4 ASKTIME2 TZONE1 LAST CHANGE LASTX BIDX5 ASKTIMES TZONE2 LAST8 TRADESIZE BIDX6 ASKTIME4 TZONE3 LOW BIDTIME BIDX7 ASKTIMES TZONE4 NET BATE ASKTIME BIDTIME2 ASKTIMEG OPTIMES OPEN ASKX TRADETIME BIDTIMES ASKTIME7 OPTIME4 OPEN2 BIDX BBID BIDTIME4 MARKETCENTER CLTIMES PREV COND BBIDSIZE BIDTIMES BIDTICKIND CLTIME4 RECENT TRADEX BBIDX BIDTIMES CONTRIB SETTLE BBIDTIME BIDTIME7 STRIKE BASK ASK2 This will enter both a yellow label and the 1 symb quote code into the top left hand corner of the quote window Aspen Graphics for Windows 1 File Edit View Format Quote Tools Window Help SEUS e ObR LC hl 1 SYMB Each time you click on a Quote code the red cursor automatically moves to the next position readying the quote window for the next quote code Continue left clicking on LAST NET BID ASK UVOL DVOL and TVOL Dec Inc Cust EXCH BIDSIZE BASKSIZE ASK3 CLTIME EXDESC ASKSIZE BASKX ASK4 CLTIME1 UPDOC VeEHME BASKTIME ASK5 CLTIME2 UVOL BID2 ASK6 DESC DVOL BID3 ASK7 DOLLARS ASK TVOL BID4 ASKSIZE2 CURRENCY 19
89. Tevet BIDS ASKSIZE3 EXPIRE CLOSE TICVOL1 BID6 ASKSIZE4 XMONTH CLOSE1 TICVOL2 BID7 ASKSIZES OPTIME CLOSE2 TICVOL3 BIDSIZE2 ASKSIZE6 OPTIME1 PHS TICVOLA4 BIDSIZE3 ASKSIZE7 OPTIME2 TICVOL5 BIDSIZE4 ASKX2 SBASE LAS TICVOL6 BIDSIZES ASKX3 SEXT LAST2 TICVOL7 BIDSIZE6 ASKX4 SYMB LAST3 TICVOL8 BIDSIZE7 ASKX5 TYPE LAST4 ol BIDX2 ASKX6 TYPEDESC LASTS TCVOLUME BIDX3 ASKX7 TZONE LAST6 TCOI BIDX4 ASKTIME2 TZONE1 LAST7 LASTX BIDX5 ASKTIME3 TZONE2 LASTS TRADESIZE BIDX6 ASKTIME4 TZONE3 A BIDTIME BIDX7 ASKTIMES TZONE4 NET ASKTIME BIDTIME2 ASKTIME6 OPTIMES OPEN TRADETIME BIDTIME3 ASKTIME7 OPTIME4 OPEN2 BBID BIDTIME4 MARKETCENTER CLTIMES PREV BBIDSIZE BIDTIMES BIDTICKIND CLTIME4 RECENT BBIDX BIDTIME6 CONTRIB SETTLE BBIDTIME BIDTIME7 STRIKE BASK ASK2 e Click the X on the Quote Code List title bar or double left click on CLOSE MENU in the bottom right corner of the Quote Code List to clear the Quote Code List from the screen e Resize the window o Place the mouse arrow on the bottom right corner of the window o Hold the left mouse button and drag until the border is just below the quote codes and the window fills the screen horizontally Aspen Graphics for Windows 1 File Edit View Format Quote Tools Window Help SAB DEBE Quotel 1 SYMB 1 LAST 1 NET 1 BID 1 ASKE e Right click in the body of the quote window to display its menu Click on Exit Modify Mode Display the Two Charts e Display a new char
90. ace Study Remove Bar Chart Parameters Day Week Month Format REUTERS rt Session OPEN 9 10 AM BST Ae v D Timeframe Icon Due to the nature of ticks it is important to note that the times on the x axis will be non linear one minute may contain no ticks and the next may have huge activity The more common time periods are listed in the drop down list of times but this is by no means exhaustive If a time period not listed is required simply type the number of minutes for each bar onto a chart Aspen can chart any time period from O minutes ticks to 1439 minutes one minute short of a day but not recommended for the reasons given below For daily based charts the following commands should be used if typing DAY For a daily chart W T EK For a weekly chart MONTH For a monthly chart QUARTER For a quarterly hart YEAR For a yearly chart Notice that there is a period before each of these commands While not always absolutely necessary it is advisable to prefix commands with this DAY is actually listed on NYSE and if entitled for this exchange a user may find that opposed to changing the timeframe it is actually the instrument being charted that gets changed Aspen has the ability to display multi day charts To change the chart to a multi day chart right click the chart and choose Scale from the quick menu In the G 3 dialog box choose Multi Day from the width drop down
91. ad A1 4 AspenTick 7 5 Symbol corm_spread corn_spread gt Price a1 y 15 25 8 Time_Text l LE Bate J 10 TkYol ij 11 12 False Invalid Price 13 No help available 14 15 16 Price 17 18 oe 19 Formula result False Invalid Price 20 Help on this Function a Cancel 21 Switch back to Aspen Graphics bring up a 0 minute chart and enter your symbol As the formula updates in Excel it will tick on a Aspen Graphics chart The new symbol can be charted in any intraday time frame a close approximation to a daily chart is a 1439 minute chart 1 minute less than 24 hours Displaying a Formula Value as a BAR Chart Daily This example illustrates how to create a daily bar chart for a three month Natural Gas Strip The same method can be used to create daily bars with other Aspen Graphics formulas 1 al D A A os 13 14 15 16 17 In the Aspen Graphics Formula Manager create the following formulas a strip3 ng ng 1 ng 2 3 or any variation on this with more months etc b stripOpen ng open ng l open ng 2 open 3 c stripMax chart rmax strip3 ng ng 1 ng 2 310 1 1 1 100 1 3 d stripMin chart rmin strip3 ng ng 1 ng 2 310 1 1 1 100 1 3 Open a new spreadsheet in Excel Aspen Graphics must be running in the background Left Click cell C2 of the spreadsheet Display the Formula tab of the DDE Link Generator Dialog Box Type stripMax
92. age and choose Edit Symbols The following dialog will appear Scroll Region Symbols To enter the symbols type them into the input box and then click Add until all symbols are entered then select Done Handling Futures Contracts Given the ever changing nature of futures contacts in terms of the month and year codes maintaining these symbols manually on quote pages and charts would be a time consuming process Aspen Graphics has a means of automating the process Typically a futures contract has a symbol root followed by month and year code extensions For Reuters and ComStock data there is a month code and a single digit year code Bridge symbols have a double digit year code followed by the month Reuters and ComStock Bridge USmy e g USZ4 USyym e g US04Z When automating the process in Aspen we take the symbol root and then attach one of the following characters By itself this code will give us the front nearest to expiration contract irrespective of whether the contract is drawing to a close and the next month has higher volume c This macro returns the front month for corn number This will not look at the front month but the contract x number of months away depending on whether a contract trades every month serial contracts or only quarterly US 2 Assuming the current contract is Sep06 and given that the 30 Year Long Bond trades quarterly this will give us prices for two quarters out 1 e Mar06
93. ak being defined as x number of days with successive higher highs followed by a similar number of days with successive lower highs The x being a parameter called PEAKLEN Further we then look y number of days into the future and check to see if the price has gone up on the peak price and the stochastic is lower than the peak stochastic or visa versa This would indicate a divergence Again the number of days is a parameter this time called DIVERGE This section establishes the name of the overlay formula the default values for the two parameters and defines four variables peakmade checks the rising then falling prices speakmade checks the rising then falling stochastics 2Peaks whether both price and stochastic make a peak and divsig checks whether a divergence occurs MyDiverge input peaklen 2 Diverge 5 begin peakmade 0 speakmade 0 2peaks 0 divsig 0 This line sets the start point to be divergence plus peak length bars back initially seven bars currpeak peaklentdiverg We now have the loop when checks for the successive higher highs for both the price and stochastic each time a new high is set then the peakmade and speakmade variables increase by one and the CURRPEAK value decreases by one until the number of rising highs have been checked for while currpeak gt diverge do begin if 1l high currpeak 1 gt 1 high currpeak then peakmade peakmade 1 if sstoch 1 9 3 currpeak 1 gt sstoch 1 9 3 currpeak then
94. al Range Displays the Color Picker for changing the color of the Init Bal Range indicator o Restore Default Colors Returns the color configurations to the system defaults Profile Properties General AutoSplitter Colors AP a ov N BSS ER T e n mm S Restore Default Colors Canes l o A Z Selecting any lettered box will display the Color Picker for changing the color of the related TPO o Restore Default Colors Returns the color configurations to the system defaults Displaying the Market Profile Properties Dialog Using Icons 1 Left Click a Market Profile window to select it 2 Left Click the Properties icon Using the Context Sensitive Menu 1 Right Click a Market Profile window 2 Left Click Properties in the new menu Using the Main Menu 1 Left Click a Market Profile window to select it 2 Left Click Price Volume in the Main Menu 3 Left Click Properties Merging Profiles Daily profiles can be Merged to create multi day profiles There is no limit to the number of merges that can be used to create a profile This feature is useful when analyzing a market over several days in a single profile Using Icons 1 Left Click the profile that will be merged to select it 2 Left Click the Merge Left icon to merge the selected profile to the left Using the Mouse 1 Left Click a profile 2 Hold the Left mouse button u
95. always display the current period and the specified number of periods back from the current bar Start Time and End Time will set the link to start at a particular time during the first day and end at the specified time on the final day of the link 5 Select the Quote Elements for the link By default all the quote elements are selected deselect any unwanted elements by Left Clicking the element 6 Selecting Skip gaps will close any gaps in data for holidays or other instances when there no data is available 7 Select the Copy Link button in the lower right hand corner The link will now be pasted into Excel DDE Link Generator Helper Dialog x Quote History Option Formula Fundamental Symbol IBM Interval Daily Start Date Eneas Start Time ooo Span 15 o C Tick End Date c _ Weekly End Time C PP pont OPEN INTEREST I Quarterly Mexdays 0 Cl Periods 500 _ Gear T Skip gaps OMASTERJHISTIBM INT MIN SPAN 15 PRDS 500 0E SM DT TM HLLO O1 5T Copy Link Cancel Options Exporting Theoretical Values and Volatility Data from Aspen Graphics The Option link setup window looks identical to Quote but has fields pertaining specifically to options analysis including Implied Volatility Theoretical Option Price and the Greeks These options are only available 1f subscribing to either Basic or Advanced Aspen Graphics Optionalysis To export price data for an option use the Quote tab and
96. an the previous close all the volume for the period is added to the previous On Balance Volume If the current close is less than the previous close all the volume for the period is subtracted from the previous On Balance Volume The On Balance Volume uses an arbitrary positive integer as a starting point for the calculations For this reason the Custom Aspen Formula below may not have the same value as the On Balance Volume that is preprogrammed in Aspen Graphics The extent of your database may also have an effect on this value The shapes of the two graphs however should look the same Default Parameters Settings Field Value Color Yellow Graph Line Line Style Solid Line Width 1 pixel Custom Aspen Graphics Formula OBVol series if 1 close gt 1 prev obvol 1 1 volume if 1 close lt 1 prev ob vol 1 1 volume obvol 1 This formula once entered in the Formula Listing allows you to use the On Balance Volume study in color rules and alarms as shown in the following examples Color Rule Example if OBVol 1 gt OBVol 1 1 and OBVol 1 1 gt OBVol 1 2 and OBVol 1 2 gt OBVol 1 3 clr_green if OBVol 1 lt OBVol 1 1 and OBVol 1 1 lt OBVol 1 2 and OBVol 1 2 lt OBVol 1 3 clr_red clr_yellow This three part color rule will turn a bar green when the On Balance Volume has increased for three consecutive periods turn a bar red when the On Balance Volume has declined for thr
97. and time field Cursor Background Displays the color picker for changing the background color of the cursor window Save As Default Sets the current options as the default display for each new chart created Chart Properties General Scale Data Colors Continuations Seasonal Method 1 Rollover ln Days before Expiration v Days 0 Adjust Method 2 Rollover Days before Expiration F Days 0 Adjust Save s Default Cancel o Method 1 Rollover Changes roll over options for continuation C1 o Method 1 Days Specifies the number of days prior to expiration to roll the contract over for the C1 continuation o Method 1 Adjust Toggles adjustment of gaps between old and new contracts for the C1 continuation o Method 2 Rollover Changes roll over options for continuation C2 o Method 2 Days Specifies the number of days prior to expiration to roll the contract over for the C2 continuation o Method 2 Adjust Toggles adjustment of gaps between old and new contracts for the C2 continuation o Save As Default Sets the current options as the default display for each new chart created Chart Properties General Scale Data Colors Continuations Seasonal Cycle Parameters H of Cycles Cycle Length 1 Cycle Units C Week C Month Year Save As Default Cancel Apply o of Cycles Represents the numb
98. ange between 70 and 90 and oversold conditions range anywhere from 10 to 30 Type of Study Keyboard Command It works best in Overbought fstoch Cash and Futures markets Oversold According to its developer George Lane a divergence between the D line and price produces the most important stochastic signal Divergence occurs when price is making a series of lower lows while the D line is making a series of higher lows This signals an oversold market A divergence when the D line is below 15 is commonly thought of as a signal to buy Overbought conditions are indicated when prices are reaching higher highs while the D is making lower highs A divergence when the D line is above 85 is commonly thought of as a signal to sell How Aspen Graphics Calculates It The Fast Stochastic study is calculated as follows Fast K line is 100 current close lowest low in n periods highest high in n periods lowest low in n periods Fast D line is 3 period modified moving average of the Fast K The chart below shows a buy signal on 6 29 06 where the Fast K line crosses above the Fast D line Later that month and into early August prices continued to make higher highs while the Fast D line began to taper off flat This divergence signaled that a reversal was on its way a reversal which came when prices broke in August 276 TE FUT Dec06 TYZ6 Comdty Ny i My i ALA 39 Slow Stochastic Cl Y o N Y
99. ant to be alerted when it hits 1044 44 This trigger condition should be entered as fvt 104 214 104 Represents the whole number portion of the price 21 Represents the reduced numerator Ce 64 reduces to E ss 4 Represents the multiplier s converting the fraction to half thirty seconds 2 To enter a trigger condition based on quarter thirty seconds follow these steps a Reduce the fraction to thirty seconds If it reduces evenly follow step a in the previous section If the fraction does not reduce evenly follow these steps For example you want to use tu 10253 128 as the Trigger Condition It would be entered as tu 102 132 102 Represents the whole number portion of the price 13 Represents the reduced numerator Cry 128 reduces to 131 4 thirty seconds 2 Represents the multiplier 7 s converting the price to quarter thirty seconds Alarm Examples These examples highlight some of the opportunities available through Alarms Slow Stochastic Lines Crossing This alarm triggers each time the SlowD line crosses the SlowK on a daily bar chart Three Aspen Graphics functions are used in this alarm the ssstoch function which replicates the SlowD line of a Slow Stochastic the sstoch function which replicates the SlowK line and the chart The Chart Function works like a shell around the other two functions providing the same frame of reference to the alarm whe
100. art News Time and Price Volatility Sales Volume Skew La s BREA BBS ME A F ft A NON Quote Equity Clock Option Fixed Chart Format Chart Opens a blank default Chart Window in Aspen Quote Opens a blank Quote Window in Aspen Equity Opens an Aspen Equity window Time and Sales Opens an Aspen Time and Sales window Clock Opens an Aspen Clock Window Price Volume Opens an Aspen Price Volume window Option Chart Opens a default Option Chart Window in Aspen Volatility Skew Opens a Volatility Skew Window in Aspen o Fixed Format Opens the Platts Fixed Format Page Window in Aspen Charts Adding a Chart If the Window Toolbar is visible then simply click the Chart button alternatively choose File New Window and select a chart from the list Both of these methods will add a default chart that is to say a daily bar chart occupying a quarter of the screen Ele Edt yew Forma Chat Study Trendines Text eos Window Hr HHn 6 B BO BRK Mor Moe ios Wet Bre adsaes ok Errinfvckme option chat vointiiry show aMi woe ose inns REE BOR BOs xXx aa REUTERS rt Session OPEN 8 56 AM BST If more than one chart is required repeat the process until all the charts are added These can then be arranged by choosing Window Tile Horizontally or Tile Vertically Once all the charts are added they can be populated by entering the symbols on each chart Chart Toolbar The Chart Too
101. as written using the 1 variable you need to specify the name of the formula and the instrument to be used in place of the variable For example My_Formula ibm and press lt enter gt Formulas Using the Input Keyword Using Icons Create a chart Add a symbol Left Click the Add Overlay icon in the Chart Toolbar M Select Formula Overlay Select the sub folder the formula resides in Left Click the formula name to apply it DA ES Using the Context Sensitive Menu Create a chart Add a symbol Right Click the chart Select Add Overlay Select Formula Overlay Select the sub folder the formula resides in Left Click the formula name to apply it ARA D D Using the Main Menu Create a chart Add a symbol Left Click Study in the Main Menu Select Add Overlay Select Formula Overlay Select the sub folder the formula resides in Left Click the formula name to apply it eS ES Formulas Using the Series Keyword Using Icons Create a chart Add a symbol Left Click the Add Study to New Split Icon Select Formula Study Select the sub folder the formula resides in Left Click the formula name to apply it DSR Ses Using the Context Sensitive Menu Create a chart Add a symbol Right Click the Chart Left Click Add Split for Study Right Click the New Split Window Left Click Add Study Select Formula Study Select the sub folder the formula resides in Left Click the formula name to apply
102. ase the mouse button what must not be done is to drag the line through the second significant point and extend it on through to the price axis this can cause problems when re scaling as the second point has not been anchored on the chart itself Drawing Horizontal Lines Aspen offers several methods for drawing horizontal lines These methods are outlined below Using Icons 1 Enter Trend Mode Left Click the Horizontal icon 2 3 Left Click a point on the chart to draw the line 4 Exit Trend Mode Using the Context Sensitive Menu Enter Trend Mode Right Click the chart Select Horizontal Left Click a point on the chart to draw the line Exit Trend Mode e ae a Using the Main Menu Enter Trend Mode Left Click Trendlines in the Main Menu Left Click Horizontal in the Trendlines Menu Left Click a point on the chart to draw the line Exit Trend Mode ae Se Drawing Horizontal Fibonacci Retracements Aspen includes a number of configuration and drawing options for Fibonacci lines Not only can Fibonacci lines be drawn in the more typical horizontal layout but also in diagonal formats By default Fibonacci lines are drawn with five lines These five lines are at the 0 38 20 50 61 80 and 100 ranges However these percentages may be configured and Fibonacci Extensions may be included as well Using Icons 1 Enter Trend Mode Left Click the Horizontal Fibonacci icon to toggle the Fibonac
103. ay by Category All headlines are displayed in the News Window when it is created The list of headlines can be narrowed to specific topics by right clicking to display a News Menu selecting Categories and choosing a subject from this list Note The list of Categories available is dependent upon the news services supplied by your data provider Using Icons 1 Left Click the Display Category Icon in the News Toolbar 8 2 Left Click a Category to filter the News Using the Context Sensitive Menu 1 Open a News Window 2 Right Click the News Window 3 Select Categories 4 Left Click the Category in the new menu to filter the News Keyword Search Searching the list of headlines for specific words or symbols is also possible by executing a keyword query The search is literal If you ask for headlines with the symbol MSFT by typing msft in the Search For window you will receive only those news stories that contain MSFT not those that refer to the entire company name of Microsoft To remove the query and return to the entire list of headlines select the button on the toolbar Using Icons 1 Left Click the Search Headlines Icon a 2 In the Search For text box enter the keyword s you wish to search for Using the Mouse 1 Select the word in the headline that you want to search for with your mouse 2 Hold the left mouse button down on the word until a rectangle appears next to the mouse pointer 3 Rel
104. ay is sliced into fifteen minute periods and the ticks that occur in a given fifteen minute period form the bar for that period When the fifteen minute period ends a new bar begins There are several ways to display a bar chart in Aspen Using Icons 1 Select the chart by Left Clicking on the Numerical Scale 2 Left Click the Chart Type Icon 3 Select Bar Chart m w Bar Chart Candlesticks Point amp Figure Tic Chart Lime Chart Equitick bars Time based bars Using the Context Sensitive Menu 4 Right Click the chart 5 Select Replace Study 6 Select Bar Chart Using the Main Menu 7 Left Click Study in the Main Menu 8 Select Study 9 Left Click Bar Chart Using a Dot Command 10 Type bar lt enter gt Candlestick Charts Candlestick charts are an ancient Japanese price prediction methodology Candlesticks date back to the 1700 s when they were used for analyzing rice markets At that time Munehisa Homma a legendary rice trader gained a huge fortune using candlestick analysis and established candlestick popularity Aspen supports candlestick charting Candles offer an alternate perspective on market data Up Day Down Day high high upper shadow upper shadow last last open open real body real body open open last last lower shadow lower shadow low low The body of the candlestick is called the real body and represents the range between the open and closing prices A black or filled
105. be used for the color rule name o Formula The condition for the color rule must be entered here using formula language Color rules are limited to 255 characters o Memorandum Allows the user to enter a description of the color rule Up to 39 characters may be entered in the Memorandum field o Status This field is not editable it displays information about the color rule If the syntax of your formula is correct the status field will display OK If an error has been made in writing the color rule an error message will be displayed o Ok Adds the color rule to memory and displays the Color Rule menu o Cancel Aborts the color rule it is not saved in memory o Delete Deletes the selected color rule from memory Color Rule Syntax Color Rule syntax closely resembles single line formula syntax Color Rules cannot use multi line syntax by themselves Also the syntax for IF statements is slightly different The Boolean test syntax remains the same however the statements that should be executed when the Boolean statement is true or false are separated by commas If lt Boolean statement gt lt True command gt lt False Command gt if pchg 1 gt 5 clr_green clr_red If Then Else If and Else statements are written by placing Else 1f Boolean tests following the command that is executed when the initial If statement is evaluated IF lt Boolean Statement gt lt True C
106. ce o Volume Scale Toggles the display of the Volume Scale o New Lettering Toggles between the New and Old CBOT TPO schemes o Open Align Toggles between Open Market align and the default alignment on the half hour o Auto Splitter Enables or disables the use of the Auto Split feature The Auto Split feature may be configured in the Market Profile Properties dialog o Monochrome Toggles between a multi color and single color display o Baskets Displays the Market Profile Basket menu o Properties Displays the Market Profile Properties dialog Profile Properties Dialog Profile Properties General AutoSpliter Colors AP Q f qu we Symbol CHI Prefix IBR Count 2 5 Y Display IBR I Old Color Scheme Hide grid lines Y Current Price Highlight Value Area Shading Y Value Area Bar Y Display title bar l Display horizontal scrollbar F Display vertical scrollbars Save As Default Cancel o Symbol Contains the current symbol for the profile The symbol may also be changed here o Prefix Contains any feed specific country prefixes Not applicable for all for all feeds o IBR Count Initial Balance Range The number of TPO s used to calculate the Initial Balance o Display IBR Toggles the display of the line that indicates the Initial Balance o Hide Grid Lines Toggles the display of the profile s grid lines o Current Price Highligh
107. ch of the Momentum studies This is done from the Period field in the study s parameter menu 10 20 06 At the end of October and beginning of November on the chart in price was still rising but acceleration was falling Default Parameters Settings ll Field i Value E Color Yellow Graph Line Line Style Solid Line Width 1 pixel Period 1 Momentum 10 Period 2 Momentum 10 Price Close Custom Aspen Graphics Formula Accl series per 10 mom 1 10 mom 1 10 per This formula once entered in the Formula Listing allows you to use Acceleration in color rules and alarms as shown in the following examples mM If charting this custom formula make sure that Nogaps On in the Chart Settings Menu Color Rule Example if Accl 1 10 gt Accl 1 10 1 and mom 1 10 lt mom 1 10 1 clr_blue clr_yellow This color rule will turn a bar blue when the 10 period acceleration is increasing and the 10 period momentum is decreasing It will leave all other bars yellow Alarm Example chart Accl c 10 gt Acel c 10 1 and Accl c 10 1 gt Accl c 10 2 1 15 1 100 1 1 The alarm will trigger when the Acceleration has increased over the last two periods The alarm is based on 15 minute bars for the front month of corn Charting Setup Idea Oscillators such as Acceleration are sometimes graphed as histograms rather than as line charts To draw this study as a h
108. ci drawing on 3 Left Click a point to place the 0 line Typically this is a low point 4 5 Exit Trend Mode Left Click a point to place the 100 line Typically this is a high point Using the Context Sensitive Menu A Enter Trend Mode Right Click the Chart and Select Fibonacci to toggle the Fibonacci drawing on Left Click a point for the 0 line Typically this is low point Left Click a point for the 100 line Typically this is a high point Exit Trend Mode Using the Main Menu AB a O Enter Trend Mode Left Click Trendlines in the Main Menu Left Click Fibonacci to toggle the Fibonacci drawing on Left Click a point for the 0 line Typically this is a low point Left Click a point for the 100 line Typically this is a high point Exit Trend Mode Drawing Diagonal Fibonacci Retracements The process for drawing a diagonal Fibonacci begins by defining a 0 line This is done by drawing a regular trend line This new trend line will become the 0 line for the Fibonacci lines Using Icons o Enter Trend Mode Draw the 0 Trend Line Left Click the Add Fibonacci Lines icon Left Click the point on the chart where the 100 line should be Exit Trend Mode Using the Context Sensitive Menu 1 NAP wd Enter Trend Mode Draw the 0 Trend Line Right Click the new Trend Line Left Click on Fibonacci Left Click a point on the chart to place the 100 line Exit Trend Mode Fibonacci O
109. cker for changing the Alternate Background color of the Quote Window Grid Lines Displays the Color Picker for changing the Grid Lines color when in Modify Layout mode Cursor Displays the Color Picker for changing the Cursor color Text Displays the Color Picker for changing the Text color Highlight Cell Displays the Color Picker for changing the Highlight Cell color Cells are highlighted when values change Highlight Text Displays the Color Picker for changing the Highlight Text color Text is highlighted when the associated value changes Label Displays the Color Picker for changing the Label color Symbol Displays the Color Picker for changing the Symbol color Locked Displays the Color Picker for changing the Locked color Locked fields cannot be changed by a user High Displays the Color Picker for changing the High color Fields such as Net Change use High to indicate a positive change in value o Low Displays the Color Picker for changing the Low color Fields such as Net Change use Low to indicate a negative change in value o True Displays the Color Picker for changing the True color o True Displays the Color Picker for changing the False color o Restore Default Colors Returns all changed color parameters to the system defaults Understanding Quotes in Aspen Quotes in Aspen are usually displayed in white When quotes appear in another color it is a signa
110. d by the Continuations Settings menu option Chart Properties General Scale Data Colors Continuations Method 1 Rollover Days before Expiration X Davs before Expiration Prior Month 7 Adjust Prior Week Days Method 2 Rollover Prior Month x Days 0 V Adjust For each method we can specify when to roll contracts and whether or not we want them adjusted To change the rollover method click the drop down list and make the selection When Days before Expiration is selected the Days input box can be used to specify the number of days If Prior Month or Prior Week is used then any value in here is ignored The Adjust option is used to smooth any vertical price gaps that may appear when switching from one contract to another What Aspen does is to take the difference between the closing price of the out going contract and the opening price of the incoming contract to obtain either a positive or negative value This value is then applied to the preceding bars effectively smoothing out these price jumps Having specified which continuation method to use we can then specify which months are to be included in the continuation chart by simply typing the month codes In the examples below continuation method 1 is set to 3 days before expiration without adjust and method 2 is set to Prior Month with adjust ED c1 will produce a continuous chart of all Eurodollar contracts rolling 3 days before e
111. days before expiration Table 17 Formulas Any formula defined in the Formula Manager can be referenced in the Trigger Condition of an alarm If the formula was written using the 1variable the symbol must be included in the trigger condition Examples Result of Condition spread ck7 cn7 gt 0 When the spread value is positive chart slowk sp 9 gt slowd When the K line is sp 9 1 1 2 100 0 1 above D line ZN If you are setting an alarm on a formula which requires other parameters in addition to an instrument you must use the chart function around the formula Functions An alarm can be set to monitor any Aspen Graphics function For a complete list of functions see the Formulas section of this manual Examples chart mom sp 10 gt mom sp 1 and mom sp 10 1 gt mom sp 1 1 1 2 100 1 3 chart rsi ck7 14 gt 70 or rsi ck7 14 lt 30 1 30 1 100 1 3 Expressions Result of Condition When momentum is increasing over the last 2 bars When the RSI is above or below 30 You can write a mathematical expression as a condition for an alarm An expression can employ any of the operators below Name Exponentiation Negative Operator ar o Dn E lt O Multiplication Division Addition Subtraction Equals Greater than or equal A II Less than or equal to Does not equal Greater than Less than r Example kc 2 2 1bm last
112. dow 4 Left Click the Market Profile window and enter the symbol Market Profile Toolbar Refres Expand Move h Data Price Chart Up l Properti Compress Move ve Price Chart o Refresh Data Refreshes historical data for sites running an Aspen server o Properties Displays the Market Profile Properties dialog o Expand Price Scale Increases the number of digits between prices o Compress Price Scale Decreases the number of digits between prices o Move Chart Up Moves the entire chat up o Move Chart Down Moves the entire chart down Auto Shif Merge Scale t Left a y gt j Shift Auto Restore Left Scale Default Time o Auto Scale Price Returns the price scale to the default scaling o Shift Left Moves the chart to the left o Shift Right Moves the chart to the right o Auto Scale Time Returns the time scale to the default scaling o Merge Left Merges the selected Profile to the next profile to the left o Restore Default Splits Removes any splits or merges and returns the profiles to the default view The Market Profile Menu v Profile v Bar Based Data v Volume volume Scale v New Lettering v Open Align Auto Splitter Monochrome Baskets Properties o Profile Toggles the display of the Profile o Bar Based Data o Volume If checked Spectrum Profile is displayed The Spectrum Profile displays the tick volume at each pri
113. dows that can be on the screen at one time A page is the entire Aspen Graphics screen layout A page is made up of one or more windows The example page below is comprised of five windows When a page is retrieved from memory any windows displayed on the screen at the time of recall will be cleared and then the retrieved page will be drawn Creating a Custom Page This page building exercise will show you step by step how to create the page drawn below which contains two charts a quote window a news window and a ticker window Developing these skills will allow you to apply these techniques in creating other pages in Aspen Graphics 990 201 1153 1140 2294 17116 12 00 7117 12 00 7118 12 00 DEPARTMENT OF AGRICULTURE Commodity Credit Corporation HIGH STRAIN PIEZOELECTRIC MATERIALS AND ACTUATORS FOR ADAPTIVE ODJ CFTC Commitments Nymex Unleaded Gasoline Fut Opt Jul 18 319 NWE Methanol Commentary From page 346 18JULO3 346 NWE Methanol Dips further Aug T2 trades at Eur172 mt FOB 18JULO3 318 NWE MTBE Commentary From page 342 18JULO3 990 00b 990 004 1260 00a 990 25a 1259 50b 1259 50b 990 25a Create a Quote Window Open a new Quote Window via File gt New Window gt Quote Aspen Graphics for Windows 41 File Edit View Format Tools Window Help New Window Ch art BOpen Open Page News Open Window Equity Time and Sales Clock Price Yolume Option Chart Volatility Skew More P
114. ds n like this wl 1 2 n 1 1 20 n 1 1 20 1 n 1 20 n 1 19 n so Periods 19 2 2 n 1 2 20 n 1 1 10 1 n 1 10 n 1 9 n so Periods 9 3 2 n 1 3 20 n 1 3 20 1 n 1 20 3 n 1 17 3 n so Periods 5 67 Custom Aspen Graphics Formulas MACD series eavg 1 2 eavg 1 1 Signal_Line input eavg macd_ 1 3 These formulas once entered in the Formula Listing allow you to use MACD study in color rules and alarms as shown in the following examples Color Rule Example if MACD_ 1 gt MACD 1 1 and MACD 1 gt Signal_Line 1 clr_green if MACD_ 1 lt MACD_ 1 1 and MACD_ 1 lt Signal_Line 1 clr_red clr_yellow This three part color rule will turn the bars green where the MACD line is rising and it is above the Signal line Where the MACD line is falling and it is below the Signal line the bars will be red All other bars will be yellow Alarm Example chart MACD_ w gt Signal_Line w 1 30 1 100 1 3 make sure to set Trigger When State to Changes This alarm will trigger each time the MACD line crosses the Signal line for the front month of wheat The alarm is based on 30 minute bars MACD Oscillator The MACD Oscillator converts the two lines of the MACD into a single line that fluctuates above and below zero The MACD Oscillator is calculated by subtracting the Signal Line value from the MACD Line value When the MACD Line crosses the Signal Line the MAC
115. during any given period The Volume study measures different things depending on the instrument type and time frame that you are examining Type of Study Keyboard Command It works best in Activity Indicator Cash and Futures markets which are 283 active all time frames The Volume study can offer a variety of signals When markets are trending upward in price the strength of the trend can be confirmed by rising volume If the volume is stagnating or decreasing while prices are rising it can be a signal that the market is weakening and a top may soon be reached Because there is often less activity in a bear market the opposite isn t always true when prices are falling High volume on reversals and breakouts tends to confirm those signals How Aspen Graphics Calculates It Calculations don t take place within the Aspen Graphics program for this study The values in the Volume study are sent by the datafeed just like the price data Futures exchanges do not transmit information on the number of contracts involved in any one trade Instead each time a trade occurs a volume of one is recorded for futures and options this is referred to as a tick At the end of the day the exchange estimates and reports a daily summary for the total number of contracts traded during the day See the following table for explanations of the Volume study for different instrument types and time frames Instrument Type Stocks Time Frame Volu
116. e Alarm Example chart DirOsc csco DirOsc csco 5 gt 25 1 1 2 100 1 1 This alarm will trigger when the Directional Oscillator has increased by at least 25 points over the last 5 days The alarm is based on daily bars for Cisco Systems stock HiLo Oscillator The HiLo Oscillator provides a measurement of directional movement Periods which gap up or gap down will often register large positive and negative values on the HiLo Oscillator This study takes the difference of the current period s high and previous period s close and divides it by the current period s true range Type of Study Keyboard It works best in Command Overbought Oversold hlo Cash Futures and Options markets in all time frames and all market conditions The true range is defined as the greatest of the following three values 1 The current high minus the previous close 2 The current high minus the current low or 3 The previous close minus the current low The HiLo Oscillator is plotted on a scale between 100 and 100 and like the A D Oscillator often fluctuates dramatically between these numbers To make this study easier to read a moving average can be applied to the HiLo Oscillator and overbought oversold zones can be applied to this moving average How Aspen Graphics Calculates It The HiLo Oscillator is calculated as follows 100 Current High Previous Close True Range Where True Range true high true low De
117. e cl expire 3 Trigger State True Command Actions on Trigger great_page cl print DDE Exporting Data to Excel Dynamic Data Exchange DDE allows information from Aspen Graphics data files to be transferred directly to Microsoft Excel a spreadsheet program The links between the two programs are live as a value is updated in Aspen Graphics it is immediately updated in the spreadsheet This can save time if you manually post values i e daily closes in spreadsheets for reports or analysis Up to 5000 links containing 2 4000 bars each are available for both import and export With DDE you can also o Export historical information from Aspen Graphics into Excel o Import your own historical or live data from a spreadsheet program into Aspen Graphics o Create symbols not yet defined in your Aspen Graphics database such as IPO s Mm Microsoft Excel is the only spreadsheet program we currently recommend using with the Aspen Graphics DDE utility Loading the Aspen Graphics DDE toolbar in Excel If Excel was already installed on your computer when you loaded the Aspen Graphics software you will be able to load a custom toolbar into Excel to better facilitate creating links between the two programs The initial setup is a one time process These steps do not need to be repeated each time use DDE is used To display the toolbar follow these steps Step 1 Left click on the Start button on
118. e frame will cause Aspen to run poorly In contrast if a workstation requests 15 minute data the server simply replies with the high low open and close prices No math calculations need to be performed While any timeframe is possible in Aspen some will perform better than others Navigating Charts Aspen offers a number of methods for navigating charts Moving forward or backward along the Time Scale and expanding or contracting the Time Scale can be accomplished in two ways 1 Use the Time Scale Navigation Icons 2 Place the Mouse Cursor over the Chart s Time Scale and use the Mouse Wheel Simply rotating the Mouse Wheel will move the chart forward and backward in time Rotating the Wheel Button while rotating the Wheel Button will expand or contract the Time Scale The Price Scale can be navigated in a similar fashion 1 Use the Price Scale Navigation Icons 2 Place the Mouse Cursor over the Chart s Price Scale and use the Mouse Wheel Rotating the Mouse Wheel will move the chart up and down Rotating the Wheel Button while rotating the Wheel Button will expand or contract the Price Scale Chart Types Bar Charts By default Aspen charts display bars A bar is a line representing the trading range with a hash mark on either side representing the open and last or close Traditionally bars are created temporally that is the time base of the chart controls bar formation In a fifteen minute chart the trading d
119. e navigated simultaneously Rotating Layers The instrument descriptions at the top of the chart appear in different colors and the vertical price axis is color coded to that instrument Clicking on a symbol name on the chart will change the price and color displayed on the price axis In the chart below the Euro Dollar spot rate is being compared with the Bund and the Euro 10 Year Yield Price Modifying Layers Individual layers can be modified similar to any chart in Aspen Changes made to one layer can be made independent to the other layers being displayed By left clicking the appropriate description on the chart to select that layer time frames scaling and similar adjustments can be made to the selected layer Synchronizing Layers By default all layers are independent of each other If the chart is rescaled either horizontally or vertically then the layer which has focus indicated by the color of the vertical axis will be changed Similarly if the time frame is changed only the current layer will be affected To ensure that all layers change simultaneously layers must be locked Options for locking are found by selecting the Synchronize Layers Icon These options include o Lock Time Frames o Lock Price Scale o Lock Date Time o Lock Bar Spacing o Lock Study Type To unlock any of these simply remove the check mark from the option Layered Chart Limitations Although powerful layered charts do have limitations
120. e referred to as the Slow K and Slow D The ways in which the signals are generated and the values used to calculate overbought and oversold conditions are the same as for the Fast Stochastic study The Slow K line in the Slow Stochastic is exactly the same as the Fast D line from the Fast Stochastic This line is then smoothed with a 3 period modified moving average to create the Slow D line How Aspen Graphics Calculates It Slow K line is 3 period modified moving average of the Fast K same as Fast D line Slow D line is 3 period modified moving average of the Slow K line The chart in Figure 52 shows a strong buy signal on 10 11 06 where the Slow K line crosses above the Slow D line at a value under 15 280 10 11 06 Default Parameters Settings Field Value Color D Yellow Color K Green Graph D Line Graph K Line Line Style D Solid Line Style K Solid Line Width D 1 pixel Line Width K 1 pixel Period 9 9 0 Related Aspen Graphics Functions sstoch for the Slow K line sstoch 1 14 3 ssstoch for the Slow D line ssstoch 1 14 3 3 Key to Examples 1 Placeholder for a symbol that will be supplied later 14 Number of periods in the Fast K line 3 Number of periods in the Fast D line 3 Number of periods in the Slow D These functions allow you to use the lines of the Slow Stochastic study in color rules and alarms as s
121. ease the mouse button and the query will be performed Multiple Keyword Queries Queries can include multiple keywords using the following operators amp Separating keywords with an ampersand will list headlines which include all keywords For example typing soybean meal will list all news headlines which contain both the word soybean and the word meal Acomma will list any headline that contains either keyword For example typing soybean oil meal will list all headlines which contain the word soybean or the word oil or the word meal The percent sign will list headlines which have one word but not another For example typing the query oi1 crude will list all headlines which contain the word oil but not the word crude Combine Operators for Multiple Keyword Queries These operators can be combined to do more complex searches Example bean amp o0il crude will list all headlines which contain the words bean and oil but not the word crude Using parentheses will establish priority in calculating just as in math operations Example bean amp oil crude would first evaluate the command oil but not crude then add bean to that subcategory Additional News Window Tips o When using abbreviations or incomplete words in your search Aspen Graphics will return all occurrences of the textual string For example if you wanted to search for any headlines which referenced the month of December and typed in Dec you may ge
122. ected custom recording will play Alarms on Instruments Quoted in Fractions Some equities and commodities are quoted in fractional numbers i e U S Bonds are quoted in thirty seconds and grain options are traded in eighths To set alarms based on fractional prices use the following syntax Syntax Meaning V numerator Specifies eighths To enter a price in the trigger condition in eighths for example sx600c 29 3 3 type in sx600c 29 v3 numerator Specifies thirty seconds To enter a price in the trigger condition quoted in 32 s i e us gt 107 26 type in us gt 107 26 lt 32 s gt lt 1 a s of 32 s gt Specifies half and quarter thirty seconds See the following section on Half and Quarter Thirty Seconds A To indicate a single digit numerator for 32 s you must preface it with a zero For example us 107 32 would be entered us 107 03 A price of less than one also needs a zero cen would be entered as 0 14 Half and Quarter Thirty Seconds To enter a trigger condition based on half thirty seconds follow these steps 1 Reduce the fraction to thirty seconds This will produce one of two conclusions a The fraction reduces to an even number For example you want to set an alarm to alert you when the five year note hits 104 8 64 This fraction reduces to 3 The Trigger Condition should be written as fv t 104 14 b The fraction does not reduce evenly For example you w
123. ed Display all of the trading times of all of the symbols How is the Chart Function Used Which sessions are included ok What is the study s time frame How many bars are on the chart for calculation The chart function is a shell which surrounds an expression or formula providing that formula with a chart s parameters The chart function is essentially the same as any other programmed function in Aspen Graphics it requires calling the function by name and then listing the parameters separated by commas and enclosed in parentheses The chart function has seven elements chart function or formula 1 Bar Width Bar Type of Bars NoGaps Session Write your function or formula including all parameters Calc On If you don t want the chart to recalculate after each trade omit this and the chart function will recalculate when the bar is completed How Many tics minutes or days you want in each bar Tics 1 10 000 Min 1 1439 Days 1 7 30 90 365 Type of How many No gaps Which bar bars to be Off 0 Session Tic 0 used in the On 1 All 1 Min 1 chart 100 is Night only 2 Day 2 optimal Days only 3 Use setting from setup txt file 0 A A quote page or alarm has no way of knowing this information unless the chart function is used to define these parameters Examples of Formulas Utilizing the Char
124. ee consecutive periods and leave all other bars yellow Alarm Example chart OBVol sp gt OBVol sp 1 and sp lt sp 1 or OBVol sp lt OBVol sp 1 and sp gt sp 1 1 1 15 1 100 1 3 This alarm will trigger when the direction of the On Balance Volume line is diverging from price action The alarm is based on 15 minute bars of the front month of the current S amp P contract Charting Setup Idea When graphed the On Balance Volume can sometimes appear as a type of oscillator It can like other oscillators be graphed as a histogram rather than as a line chart To draw this study as a histogram see the Charting Setup Idea at the end of the Acceleration study section Open Interest Open Interest is the number of outstanding future contracts at the end of a trading day This study is not available on stocks nor is it available in intraday time frames Command Activity Indicator opint Futures and Options markets daily and longer time frames When a new contract is written open interest is increased by a value of one If an existing contract is traded open interest remains unchanged but if a contract is liquidated open interest is decreased by a value of one Type of Study Keyboard It works best in How Aspen Graphics Calculates It Calculations don t take place within the Aspen Graphics program for this study The values for Open Interest are sent by the datafeed just like the price data
125. elect Exit Modify Mode to exit from the modify layout mode Adding Symbols to the Ticker Window Right click in the body of this quote window to display its menu Left click on Edit Symbols Clear All Symbols Modify Layout Option Parameters Edit Cells Y Align Strikes Lock Volatility Yolatility Skews Option Books Format gt The Scroll Region Symbols dialog box will appear Scroll Region Symbols x DJI sp 2 soo e Delete Clear All Enter the symbols you want to see in the ticker window pressing Add after each symbol When you are finished adding symbols click Done Remember to use the and macros when entering futures contracts so you won t have to change symbols as contracts expire Save the Page Save the page by left clicking on File then Save Page Aspen Graphics for Windows 1 File Edit View Format Quote Tools New Window be iORR Open Open Page Open Window e Eq Save Window Save As Print Print Setup Logout Enter a unique name in the Name field Up to 20 characters can be used to name a page You cannot use only symbols or numbers in naming pages this will return an error message saying the name is reserved Numbers and symbols can be used in combination with no conflict e g IBM_15 is a valid page name You also cannot use spaces in a page name use the underscore _ instead ES x Save this file to your folder
126. en Graphics is used to view tick data as it is received users can view bid ask trade and settlement prices or any combination thereof In addition any associated volumes can also be displayed and users further have the choice of filtering out small or large volumes Price and Volume Also known as Market Profile Price and Volume is another way of viewing data as opposed to viewing price against time with this display method we are able to view how much volume has traded at a given level Other Windows Either not as commonly used or feed specific there are several other types of display in Aspen Graphics These are mentioned in Appendix A Additional Displays Display Options Menu u Toolbar Workspace 0 DIDACCZ dk Session OPEN IROPAMEDT Status Bar gt Toolbars The Toolbar below is the Standard Toolbar it contains buttons for file management functions printing Cut Copy amp Paste and Font Sizes ta 3 OER In addition the Windows available as mentioned above can also be shown either as a simple icon or with their names alongside chart E Quote Enews equity time and Sales clock Mpricevolume Ed option Chart F volatility Skew Clicking any of these will add a new window to your desktop and the appropriate toolbar for that window will be added to the top of the screen The different options on each of the toolbars will be covered under the relevant section Whether
127. ent Arc draws elliptical trendline curves The anchor point and magnet price are determined in the same way as Relative Retracement Also the software calculates the distance number of bars from the anchor bar to the high or low bar whose close determines the magnet price Then the trendline curve for fraction F is a segment of a quarter ellipse starting horizontally at the anchor point and ending vertically at price The trendline curve terminates early if it touches a price bar before reaching the end point the Thom Demark Relative Retracement is an add on subscription feature This feature will appear as disabled unless it is purchased A Left Click is assumed to refer to the high low open or close of a displayed bar Aspen locates the nearest such point and uses it as the exact reference point Aspen finds the horizontally nearest bar column then chooses the vertically nearest reference point within that column Chart2 B20 TT 1 578 5 15 16 12 6 21 Using Icons 1 Enter Trend Mode 2 Left Click the TD Arc icon a 3 Left Click a bar to use as an anchor point 4 Exit Trend Mode Using the Context Menu Enter Trend Mode Right Click the chart Left Click TD Arc Left Click a bar to use as an anchor point Exit Trend Mode Map g the Main Menu 1 Enter Trend Mode 2 Left Click Trendlines in the Main Menu 3 Left Click TD Arc 4 5 Left Click a bar to use as an anchor point Ex
128. er RIA a ea A ert Using Point and Click 1 Left Click a Category in the Study Explorer Panel 2 Double Left Click the appropriate Study in the Study List to add it Trendlines Trendlines are another way of adding analytical displays to a chart Unlike Overlays and Studies they are not constructed from mathematical functions they are drawn on the chart itself and the angle of the line used to produce values on subsequent bars Entering and Exiting Trend Mode In order to add Trendlines to a chart we must be in trend mode Aspen offers several methods to switch to Trend Mode Once in Trend Mode the Trend Mode Tool Bar appears Trend Mode is a toggle mode Trend Mode must be enabled to begin drawing Trendlines and Trend Mode must be exited to return to normal Aspen functionality Actions that enable Trend Mode will also exit it if repeated while in Trend Mode Trend Mode is also sensitive to the selected chart or Split Window When entering Trend Mode only the selected chart or Split Window is placed into Trend Mode This allows users to draw trend lines on studies in Split Windows such as the MACD as well as the actual chart Once in Trend Mode the mouse pointer graphic turns into a pencil This graphic will only display for charts or Split Window Using Icons 1 Left Click the Trend Mode Icon to enter or exit Trend Mode be Using the Context Sensitive Menu 1 Right Click on the Chart 2 Select Draw Trendlines 3
129. er prent savg 1l per EnvBottom input per 10 prent 0 005 savg S1 per prent savg 1 per These formulas once entered in the Formula Listing allow you to use the Moving Average Envelope study in color rules and alarms as shown in the following examples Color Rule Example if 1 high lt EnvBottom 1 or 1 low gt EnvTop 1 clr_red clr_yellow This color rule will turn a bar red when the entire price range for that bar lies outside of the Moving Average Envelope Alarm Example chart sp high lt EnvBottom sp or sp low gt EnvT op sp 1 10 1 100 1 3 This alarm will trigger when the entire price range lies outside of the Moving Average Envelope The alarm is based on a 10 minute bar chart of the current S amp P contract Moving Average Momentum The Moving Average Momentum study measures the rate of change of a moving average It is very similar to the Acceleration study except that instead of comparing momentum values this study compares moving average values Type of Study Keyboard Command It works best in Overbought Oversold mavmom Cash and Futures markets all time frames How Aspen Graphics Calculates It Moving Average Momentum is Current Moving Avg Moving Avg n periods back Default Parameters Settings Field Value Avg Type Simple Color Yellow Graph Line Line Style Solid Line Width 1 pixel Mav Periods 10 Period 5 Price Close The user
130. er gt key on the keyboard to add the symbol and automatically move to the next row o If the format is Format Rows gt 1 Left Click a column beside a Symbol row to select the column to edit 2 Type the symbol 3 Press the lt Enter gt key on the keyboard to add the symbol and automatically move to the next column Creating a Free Format Quote Window Aspen Free Format Quote Windows offer the most control of the Quote Window types Aspen Fee Format offers greater flexibility in the arrangement of data and offers fields that are not available in Quote Grid or Quote Board Windows Free Form Quote Windows are initially displayed in Modify Mode Cells in a Free Format Quote Window are represented by a grid Left Click a square in the grid to select a cell to select it Quote2 E JE Using Icons 1 Left Click the Quote icon Boute 2 Left Click Free Format Quote from the Drop Down Menu Using the Context Sensitive Menu 1 Right Click a portion in the Aspen Graphics Workspace that does not currently contain an Aspen Window 2 Select New Window 3 Select Quote 4 Left Click Free Format Quote Using the Main Menu 1 Left Click File from the Main Menu 2 Select New Window 3 Select Quote 4 Left Click Free Format Quote The Quote Code Dialog The Quote Code Dialog contains the quote codes that are appended to a symbol place holder The Quote Code Dialog features a Windows Explorer like Pane and
131. er of seasons to break the chart into and display on the screen o Cycle Length Specifies the length of the cycle o Cycle Units Specifies the type of units used to break the chart into seasons o Save As Default Sets the current options as the default display for each new chart created Entering Symbols Before any symbols can be entered it is important that the correct window has focus and if symbols are to be added to a quote list then the cell into which the symbol needs to go is clicked If no cell in a quote list is selected then it will be entered into the first cell overwriting whatever is there To enter a symbol simply begin typing A textbox will appear containing the text you are typing After typing the symbol press the enter key on your keyboard and Aspen will contact the server and begin to download data Chart SEE ipm x 9 1 5 8 5 15 5 29 Alternatively the Add Symbol to Chart Icon or the Edit Symbols Icons can be used to enter symbols Left Click the appropriate icon type in the symbol and press enter on your keyboard to add the instrument to the chart e Add Symbol to abl Edit Symbols Icon Chart Icon A third method for entering symbols can be used on charts Right Click the chart and select Properties from the new menu In the Chart Properties Dialog select the General Tab Left Click into the Symbol Text Box and left click on Apply and Ok when finished Chart Properties Ge
132. erical Scale 34 Left Click the Chart Icon 35 Select Point amp Figure m4 v Bar Chart Candlesticks Point amp Figure Tic Chart Line Chart Equitick bars Time based bars Using the Context Sensitive Menu 36 Right Click the chart 37 Select Replace Study 38 Left Click Point Figure Using the Main Menu 39 Left Click Study in the Main Menu 40 Select Replace Study in the Study Menu 41 Left Click Point Figure in the new menu Using a Dot Command 42 Type psf lt enter gt Point and Figure Parameters There are two methods for displaying the Parameters Dialog for a Point and Figure Chart Using Icons 43 Select the chart by Left Clicking on the Numerical Scale 44 Left Click on the Parameters Icon 45 Select the Point Figure option from the Drop Down Menu Pronk Figure Using the Context Sensitive Menu 46 Right Click on the Point and Figure Chart 47 Select Parameters Point Figure Modify the properties by clicking on each of the values you want to modify and making any necessary changes Box Size 0 20 Color Method Standard Reversal 2 Cancel Apply o Box Size Specifies the minimum price move which will draw either an X or O A box size of 0 20 will draw an X every time the price gains 0 20 and an O every time the price drops 0 20 O Color Specifies the colors of the X and O columns o Reversal Specifies the number of boxes nec
133. es on the chart to create a color rule The following color rule colors descending values red and ascending values blue if 1 lt rawdata 1 clr_blue clr_red Relative Strength Index RSI Developed by J Welles Wilder the RSI is used to determine the strength of a trend and to predict market reversals This index is an overbought oversold indicator plotted on a vertical scale from 0 to 100 Type of Study Keyboard Command It works best in Overbought Oversold rsi Cash and Futures markets that are trending in all time frames Values under 30 were considered by Wilder to represent oversold conditions and RSI values over 70 were considered overbought conditions Today RSI values of 80 and 20 are more commonly used How Aspen Graphics Calculates It The Relative Strength Index is calculated as follows RSI 100 _ 1 RS where RS is modified moving average of x day s up closes modified moving average of x day s down closes The RSI study in the chart above reveals several important aspects of the market activity on the March 07 Coffee futures o The periods of strongest trend are reflected in the steepness of the RSI s slope o While the highest RSI value in July didn t signal an immediate reversal the market began to consolidate which was an indication that the current uptrend had lost momentum Default Parameters Settings Field Value Color Yellow Graph Line Line Sty
134. esn t have such dramatic price swings Notice that Historical Volatility doesn t predict the direction of price movement Instead it shows how much the price has changed over a range of recent prices and this information can be used in predicting the likelihood of future price movements For example rising volatility in a market that has been moving sideways usually indicates that prices are ready to break out of their current trading range to either the up or down side It is also the case that decreasing volatility signals a breakout as market makers may soon step in to infuse new activity into a consolidated market Type of Study Keyboard It works best in Command Activity Indicator Cash Futures and Options markets all time frames 0 81190 CME Swiss Franc SFZ06 0 80900 0 81070 0 80900 High Low Open Last 11 10 06 i How Aspen Graphics Calculates It First identify the mean and then calculate the standard deviation Formula Historical Volatility Where o standard dev or historical volatility n number of occurrences bars m mean Xj price changes And Where m mean number of occurrences Xi price changes And x can equal percent of price change Or x can equal natural logarithmic price change x de P Default Parameters Settings Field pi VTE il Base 0 0 Color Yellow Deviations 1 0 Graph Line Line Style Solid
135. essary to reverse a trend A reversal of 2 and a Box Size of 0 20 means that the price has to move 0 40 2 x 0 20 opposite of the existing trend to plot a new column of X s or O s on the chart o Method There are three types of Point and Figure charts Standard Original and Daily Standard and Original are very similar Standard allows a minimum reversal amount of one while Original allows a minimum reversal amount of two Daily Point and Figure charts allow you to analyze historical data on a Point and Figure chart o Save As Default Sets the current options as the default display for each new chart created Tic Charts Aspen offers two types of Tic Charts 48 Tic Over Time Charts 49 Zero Minute Charts m TrA A Tis Olarte IC U I ime unarts Tic charts differ from Bar and Candle Stick charts in that they plot a point at each price the instrument traded at during the specified interval gt Chart gt _ l JL 5 N m anj Displaying a Tic Over Time Chart Aspen offers three methods for displaying a Tic Over Time Chart Using 50 Select the chart by Left Clicking on the Numerical Scale 51 Left Click the Chart Type Icon ONS 52 Select Tic Chart from the Drop Down Menu Bar Chart Candlesticks Point amp Figure v Tic Chart Line Chart Equitick bars Time based bars Using the Context Sensitive Menu 53 Right Click the Chart 54 Select Replace Study 55 Lef
136. esssaeceseceeseneneasees 241 Directional Oscillator a tess atte Sollee a Se pia ee adi eae eee 244 HiLo Oseillator vivre eel ape erate die hee eee ieee eed 245 Historical Volatilidad ads 247 Kelter Chantel scx Aichi A AA A AA A A A a Nau 250 o A E 252 Moving Average Convergence Divergence MACD oooconncccoccnnocnconncnoncnancnnnnacnnnnos 254 MACD Osla OE a Gt hecho a N aa a NO RAE cake 257 Moment estrato da iia dvd dd 259 MOVISTAR A ETRE 262 Moving Average Envelope siii icaccissaveseisopsacsdevaecssasesesateaveckcdesdecesbasbacaatebauaatessacesnasdeens 264 Moving Avyverac eV Ip meres A a 266 Moving Average CSC i AUT ci nn ve shal asl tiene isle sleste da ETE 267 On Balance Vol m sises nirna nia AE EE Ri EEEE E A SEa REAS iini 269 Open Interests n Ras 271 Para lic E 272 Relative Strensth Index RSI A aa a aa e s 274 Stochastic Fast a e ae utalo lonely 276 Stochastic Modified ncns da a A a o NEA 278 SIRI ET oo Mt EE PEE E AEE ae 280 Variable Accumulation Distribuir 282 Volmer ai E A e 283 Volume Accumulation Oscillator iio ii isis 285 Willams PR a A E A G AAA EA ons A 287 What Is Aspen Graphics 4 2 Aspen Graphics Workstation Version 4 01 is the latest offering from Aspen Research Group The original application has been re written to provide a more up to date and intuitive front end whilst retaining the powerful features and functions which traders have relied upon for 20 years Aspen Graphics is able to display real ti
137. etches Bas aces e aa aiies iita 157 INT a PON A A Bie a i ee 159 The Formula Pacer aco aii Seca hal es ds 159 TA RATING PA e el ee cado 161 Multi Line Formula Writing scinciisncnn ii ini beeen 166 Multi Line Porlamar coastenes 168 Color RULES e i A A ARA PA eae 172 Color Rule Dialog unido adenda weangeaatsneadas 173 Creating a Custom Color Rule rs dd ie 174 Edit a Color Rule A e A A 176 Using Color Rules ina CA A ee a 176 A 179 What can Trigger A A A eee 179 The Aaa List Dial ienne en A sia 181 Adding or Editing an Alarm icosoto notoria odian ardido awedachbevesedesanscasteuasdene 182 A a A need A E I 188 Slow Stochastic Lines Cros SING srine A A A 188 Slow Stochastic Lines Crossing Above 80 or Below 20 oooooococccconoccccoccconanccnnnnoss 189 Price Breakouts from Bollinger Bands ooocnocccnnncccnoncccnonccononcnonnnnncnonnnnonananonncnnnns 189 Momentum Changes Direction iii Maida iene eee aes 190 Option Vol me Increase A au 9s ana wok vas a a at 190 Moving A Vera ie COSO VE s n o 191 Index or Instrument Outside a Given RaNg6 ooconnncccnonccononocononcnonnnnnononancnnnnnonnnncnnnns 191 Instrument Up Down 5 POS 191 Auto Print 3 days prior to Expresa 192 DDE Exporting Data to Excel siii ts 192 Loading the Aspen Graphics DDE toolbar in Excel ooooonononnnccnoncnocannncnnonncnonccancnnnnoo 193 Displaying the DDE Link Generator Dialog BOX cooconoccnnnccnnonononnnonnnnnncnnrncnononnnnnnnnno 195 Quote Live Links from A
138. eting Lines Aspen Graphics offers a number of techniques for removing trendlines Both individual and groups of trendlines may be removed This allows the user to have both control and efficiency Deleting a Single Line This command deletes the selected trendline In the case of grouped lines such as Fibonacci or Speed Lines the selected line is deleted not the entire group Using Icons Enter Trend Mode Left Click the trendline to select it Left Click the Delete Line Icon Exit Trend Mode PRIME Using the Context Sensitive Menu 1 Enter Trend Mode 2 Right Click the trendline to select it and display the menu 3 Left Click Delete Line 4 Exit Trend Mode Using the Main Menu Enter Trend Mode Left Click Trendlines in the Main Menu Select Edit in the Trendlines Menu Left Click Delete from the new menu Exit Trend Mode A a a Delete a Group of Lines This command deletes an entire group of lines This is useful for removeing entire Fibonacci retracements speed lines and any trendline that is displayed as a group of lines Using Icons 1 Enter Trend Mode 2 Left Click a trendline in the group to select it 3 Left Click the Delete Trend Lines in a Group icon 4 Exit Trend Mode Using the Context Sensitive Menu 1 Enter Trend Mode 2 Right Click a line in the group to select it and display the menu 3 Left Click Delete Trend Group 4 Exit Trend Mode Delete All Trend Lines Thi
139. f 9444 as well as secondary levels Conversely once a market has mobbed down to approximately 944 in price from a high a reference low is identified Place the study cross reference on that low or low day close The Trend Factors will project up to the resistance area of 1 0566 as well as secondary levels Mrhe Thom Demark Relative Retracement is an add on subscription feature This feature will appear as disabled unless it is purchased A Left Click is assumed to refer to the high low open or close of a displayed bar Aspen locates the nearest such point and uses it as the exact reference point Aspen finds the horizontally nearest bar column then chooses the vertically nearest reference point within that column TINE 5 1 5 8 5 15 6 1 16 12 6 21 Using Icons 1 Enter Trend Mode 2 Left Click the TD Fac icon 3 Left Click a qualifying high or low 4 Exit Trend Mode Using the Context Menu Enter Trend Mode Right Click the chart Left Click Trend Factor Left click a qualifying high or low Exit Trend Mode A Ye Using the Main Menu Enter Trend Mode Left Click Trendlines in the Main Menu Left Click Trend Factors Left Click a qualifying high or low Exit Trend Mode APA Drawing Thom DeMark Retracement Arcs TD Retracement Arc displays graphically support and resistance levels which are defined by incorporating both price and time to establish retracement levels TD Retracem
140. fault Parameters Settings Field Value Color Yellow Graph Line Line Style Solid Line Width 1 Pixel Custom Aspen Graphics Formulas HiLoOsc series 100 1 high 1 prev 1 trange This formula allows you to use the HiLo Oscillator study in color rules and alarms as shown in the following examples Color Rule Example if HiLoOsc 1 gt 90 or HiLoOsc 1 lt 50 clr_red clr_yellow This color rule will turn a bar red when the value of the HiLo Oscillator is over 90 or less than 50 and leave all other bars yellow Alarm Example chart eavg HiLoOsc sm 1 6 gt 70 or eavg HiLoOsc sm 1 6 lt 30 1 2 100 1 3 This alarm will trigger if at the end of the day the 6 period exponential moving average of the HiLo Oscillator is above 70 or below 30 The alarm is based on daily bars of the first month out soybean meal contract Charting Setup Idea Oscillators like the HiLo Oscillator are sometimes graphed as histograms rather than as line charts To draw this study as a histogram see the Charting Setup Idea section at the end of the Acceleration study Historical Volatility Historical Volatility is a measure of price fluctuation over time This study measures the likelihood of certain price levels being reached If a market has large price swings over time it is considered to have high historical volatility In such a market it is more likely that higher highs and lower lows will be hit than in a market that do
141. field if it says ok select Done If it has an error message change the formula to read exactly as the line above AE Poe te NO Writing a Color Rule for a Specific Symbol Color rules can be written either generically or specifically The 5 Gain color rule in the previous example is generic it will calculate on any instrument displayed on the chart Replacing 1 with an instrument i e SPH7 would calculate the color rule using that instrument regardless of the data displayed in the bar chart For example the 5 Gain formula could be written as if pchg sph7 gt 5 clr_green clr_red Written this way IBM could be displayed in the bar chart and the bars of the chart will be colored based on the percent change of SPH7 MAN If you define a specific symbol in your color rule it will only calculate your formula for that symbol regardless of what symbol is displayed in the chart Edit a Color Rule To edit a color rule already entered in Aspen Graphics follow these steps Display the Color Rule Dialog Left Click a Color Rule to Select it Make any necessary changes to the color rule Left Click on Done PON Using Color Rules in a Chart Once a color rule has been written an additional step must be taken to activate it on a chart To display a color rule on the chart follow these steps Right Click the Chart Left Click Parameters Left Click the Icon beside the word Color Left Click t
142. firmed by price action as the market broke Note also that when the ADX dropped below both lines in August 1t corresponded to the sideways movement of the market The ADX then reversed direction and turned up as a new uptrend began i ar pl i prage Directional Index H AA s m pa NA Default Parameter Settings Field Value Color Yellow Graph Line Line Style Solid Line Width 1 pixel Period 14 Related Aspen Graphics Function adx Example adx 1 14 Key to Example 1 Placeholder for a symbol that will be supplied later 14 Number of periods in the ADX study This function allows you to use the Average Directional Index study in color rules and alarms as shown in the following examples Color Rule Example if adx 1 14 gt dmineg 1 14 and adx 1 14 gt dmipos 1 14 and adx 1 14 lt adx 1 14 1 and adx 1 14 1 gt adx 1 14 2 clr_red clr_yellow The color rule above will turn a bar red when the ADX line is above both the DI and DI lines and it has just turned down All other bars will remain yellow Alarm Example chart adx mu 14 gt dmineg mu 14 and adx mu 14 gt dmipos mu 14 and adx mu 14 lt adx mu 14 1 and adx mu 14 1 gt adx mu 14 2 1 2 100 1 1 This alarm will trigger at the end of the day for the same condition as described in the color rule above The alarm is based on daily values for Micron stock Formula Example
143. g average 1 1 Multiplier for the Upper and Lower Channels Color Rule Example if 1 high gt keltner 1 10 1 clr_red if 1 1low lt keltner 1 10 1 clr_green clr_ yellow This three part color rule will turn a bar red when the high price of that bar penetrates the top channel green when it penetrates the lower channel and will leave all other bars yellow Alarm Example chart msft high gt keltner msft 10 1 or msft low lt keltner msft 10 1 1 1 2 100 1 1 This alarm will trigger when either channel for MSFT is penetrated by a daily bar Linear Regression Linear regression uses the best fit technique to draw a straight line that is closest to most of the data points The most popular technique in statistics for best fit determination is the method of least squares The best fit is the straight line from which all actual data points vary least Along with this best fit line two parallel confidence level lines are drawn showing the range that 95 of all values fall in Data lying outside of these ranges are considered outliers and are often followed by a trend reversal Because of this linear regression is considered an envelope study much like Bollinger Bands and Keltner Channels Type of Study Keyboard Works Best For Command Trend Follower sir Cash and Futures markets that are trending How Aspen Graphics calculates it Aspen Graphics calculates linear regression using 200 peri
144. g the Main Menu 1 2 3 AAA Create a Free Form Quote Window Enter Modify Layout Mode Populate a Free Form Quote Window column with the appropriate Quote Codes Left Click Quote in the Main Menu Select Modify Layout in the Quote Menu Left Click Fill Right Exit Modify Mode Fill Right Using Dot Commands 1 Create a Free Form Quote Window 2 Enter Modify Layout Mode 3 Pr Populate a Free Form Quote Window column with the appropriate Quote Codes Type fillrt Press the lt Enter gt key Exit Modify Mode Filling a Specified Range Many common formats require Fill Down and Fill Right to specify a range of values Filling a specified range is useful for breaking up information and arranging it logically The following window illustrates filling a specified range when displaying NYSE issues and NASDAQ issues Notice how the numerical sequence between variables is broken between text labels and column headers If a regular Fill Down were used all of the text labels and symbol headers appearing after the 1 variable would be replaced with variables Quote1 DER filldn 11 15 1 SYMB 1 0PEN 1 CLOSE 1 NET 11 SYMB 11 OPEN 11 CLOS 11 NET 2 SYMB 2 O0PEN 2 CLOSE 2 NET 3 SYMBF 3 O0PEN 3 CLOSE 3 NET 4 SYMB 4 0PEN 4 CLOSE 4 NET 5 SYMB 5 OPEN 5 CLOSE 5 NET 6 SYMB 6 0PEN 6 CLOSE 6 NET 7 SYMB 7 0PEN 7 CLOSE 7 NET 8 SYMB 8 O0PEN 8 CLOSE
145. gnaling that the current trend may be coming to an end The Momentum study can generate buy signals When momentum has been negative and then becomes positive a buy may be indicated if this is also the direction of the current trend Divergence between momentum and price is another important use of this study A down trend may be coming to an end if prices make new lows but momentum makes higher lows the same is true for an up trend when price and momentum diverge Type of Study Keyboard It works best in Command Overbought Oversold Cash and Futures markets all time frames Table 13 How Aspen Graphics Calculates It Momentum is Current Price Price n periods ago The user determines which price 1 e how many bars back should be subtracted from the current price The trendlines red drawn on the chart above show divergences between price and momentum price was going up while momentum was going down and the uptrend was soon reversed Default Parameters Settings Graph Line Line Style Solid Line Width 1 pixel Period 10 Price Close Related Aspen Graphics Functions mom Example mom 1 21 The mom function allows you to use Momentum in color rules and alarms as shown in the following examples Key to Example 1 Placeholder for a symbol that will be supplied later 21 Number of periods in the momentum study Color Rule Example if mom 1 21 gt 0 and m
146. h Last Last1 Last8 Lastx Low Net OI Open Openl and Open2 Oprl1 and Opr2 Optime Optimel Optime4 Prev Recent Bidx2 is the source of the second most recent Bid Bidx7 is the source of the seventh most recent Bid The trend of the most recent trade The closing price of the day Closel is the close of the previous day Close2 is the close of the second previous day Clr1 is the initial closing range Clr2 is the initial closing range of the previous day Time of the closing price Cltimel is the closing time of the previous day Cltime4 is the closing time of the fourth previous day Trade condition Type of currency the instrument trades in A description of the symbol as sent down by the data feed Currency value for one full point Number of down tics or stock volume on down trades The exchange on which the instrument trades The full name of the exchange Contract expiration date The high price of the day The price of the last trade Lastl is the price of the previous trade Last8 is the price of the eight previous trade Source of the last price The low price of the day The net change value for the day Open Interest The opening price of the day Open is the opening price of the previous day Open2 is the adjusted opening price if any Oprl is the initial opening range Opr2 is the secondary opening range The time of the opening Optimel is the time of the pre
147. he new window Now click the paste button or CTRL V and the symbol s will be copied 3 Be To apply the same codes to all open windows prefix the code with a backslash Na FGBL This will place the current German Bund in all open windows in the current Aspen session Changing Timeframes Aspen has the ability to chart any intra day timeframe plus daily multi day weekly monthly quarterly and yearly charts The smallest timeframe that Aspen can chart is a tick chart As each tick bid offer trade etc is received this is displayed as a single dot with the high low open and close all of equal value To make a chart display ticks we set the timeframe to zero by either typing the number 0 lt Enter gt clicking on the timeframe button or going through the menu choosing Time Frame and selecting tick from the list Aspen Graphics for Windows 41 ajaja File Edit view Format Chart Study Trendines Text Tools Window Help cda amp O BRB Dechert Houte Enews equity Time and sales Kjclock ijprice volume option chart fi volatilty skew DODti1tJ14 eee mio x O BOOB e E DE Six Chart Eek Add Split for study Tabular List Restore Default Scale Properties Scale Data Settings Continuations Settings Macro View Micro View Hide Cursor Window Tek 1 Minute 5 Minute 10 Minute 15 Minute 20 Minute 30 Minute 60 Minute Draw Text Draw Trendines Add Overlay Add Study Repl
148. he word Yellow by the High field aaa Bar Chart xj Modify the properties by clicking on each of the values you want to modify and making any necessary changes Color Close Yellow High Low Yellow Open Yellow Graph Line Style Line Width Save as Default 5 Left Click the Yellow Colored Box to display the Color Picker MA NE A E Ea Other Ealo Rules Color Rules 6 Left Click the Color Rules Button 7 Double Click the Color Rule name to select it 8 Click Apply When you edit an active color rule the changes will take effect immediately on any chart on which that color rule is active When a color rule is activated on a chart and the cursor window is displayed the High price in the cursor window will be drawn in the same color as the bar Other data listed in the cursor window can be displayed in different colors using color rules Although a color rule enacted on a value other than the High price will change the color of that price in the cursor window the color of the bar itself will only be controlled by the color or color rule selected for the High price in the Bar Chart parameter menu Using Color Rules to Color Studies Color rules can be displayed on studies as well as price data When using color rules to color study values there are two options If you want the color rule to evaluate data based upon the values of the study use the
149. hown in the following examples Color Rule Example 281 if sstoch 1 14 3 gt ssstoch 1 14 3 3 and sstoch 1 14 3 1 lt ssstoch 1 14 3 3 1 and sstoch 1 14 3 lt 30 clr_green if sstoch 1 14 3 lt ssstoch 1 14 3 3 and sstoch 1 14 3 1 gt ssstoch 1 14 3 3 1 and sstoch 1 14 3 gt 70 clr_red clr_yellow This three part color rule will turn a bar green when the Slow K line has a value under 30 and has crossed above the Slow D line it will turn a bar red when the Slow K line has a value over 70 and has crossed below the Slow D line and it will leave all other bars yellow Alarm Example chart sstoch sp 14 3 gt ssstoch sp 14 3 3 1 60 1 100 1 1 make sure to set Trigger When State to Change This alarm will trigger each time the Slow K and Slow D lines cross The alarm is based on hourly bars for the front month of the S amp P contract Variable Accumulation Distribution Variable Accumulation Distribution modifies the concept of the On Balance Volume study by comparing the opening and closing prices to the range of prices for a given period Accumulation or acquisition of long positions in anticipation of a bull market is reflected in positive values of the Variable Accumulation Distribution Negative values reflect distribution or selling in the anticipation of a market decline Type of Study Keyboard It works best in Command Activity vad Cash Futures and Options markets in all time Indica
150. hst mj Name PowerUser 1 ul DNews New Folder Options D M Technicals Templates ol Ctnal OVvolCompa Create in 4 Select a folder from the choices available in the Create in section If you want to create a new folder to store this page click the New Folder button and name the folder accordingly When you have selected or created and named the desired folder click OK The software verifies that the page has been saved by displaying its name in quotes on the title bar 1002 30b 1002 30 996 80 1003 985 Chani 0 x EA 1050 00 1000 00 17 46 DJ Aetna Kelso 2 Helped Company Through Turnaround gt AET 17 46 DJ UPDATE UN Council OKs Prosecutor For Rwanda Tribunal 17 46 DJ UPDATE UN Council OKs Prosecutor For Rwanda Tribunal 17 46 242 PlattsiCQl Test Page 03 08 28 21 54 GMT 17 46 DJ UPDATE UN Council OKs Prosecutor For Rwanda Tribunal Saved page to file C Comstock Apex 40 kwoods pages Test PowerUser_1 agp JACC1 cs Session OPEN 7 01 PMEDT Additional Page Building Tips The macro is a type of variable used for instruments like futures which expire It is used in place of a symbol s month and year codes to specify which of the currently trading contracts you want to evaluate Using the macro will list a specific contract either the front month if used alone or a number of contracts out if appended with a number For example CA will always point
151. ibonacci Retracement ooooooocccnonccncooonccnonnnonononononcnonnnnnonnnanononeninns 72 EDO COPIAS ed ds do 73 Displaying the Fibonacci Options Dialo8 ooooonnoccnoncnonannnocnnannconncnonccnnn crac cnn ncroncnnnos 74 DE A A A E eagane eae 74 Drawing Gann Time Price Angles ccccccssssccssececssececeecceceeccecnseeesssececssececesseeeeeseeeees 76 Gann Time Pric OO A eee ee 11 Draw Gann Square Secnel a a E Eae N EEOSE TESA 79 Gann Squares Options Dialog sssessesssesssesesseeesseesseesseesserssseesseesseesseesseeesseesssees 80 Drawing Andrew s Pitchfork icon aiii 81 Drawing Thom Demark Relative RetraceMent ooooocnnnnncnononnonnnocnnooncnoncnnnnnnnnccnnn cono ncnnss 82 Qualifying Relative Reta ce MEA a ees 84 Drawing Thom DeMark Absolute RetraceMent oooooocnoncnoncnnnnnnonnnonncnonccnnn nono cono ncconcnnnos 84 Drawing Thom DeMark Trend Factors oooooooncccnoncccnoncnononcnononnnonnncnnonnnnnonnn cnn nc cnnnnccnnnos 86 Drawing Thom DeMark Retracement TCS oooooonoccconnnonnnonnnononcnannnnnncnoncnnnncnnn cc nn nccnncnnnss 87 Thom DeMark Trendline Property Dialog oooooncccnnncccnnoccccnonccononcnonanccnnnncnonancnnnnnos 89 Mampulatina Trendlnes santa dis 89 Moving Trendline dao nooo denied 89 Pivoting Edi A oO SES 90 Extending and Retractine Trendlines coi el uteiigks Lae een 90 Adding Parallel Limes iia iaa 91 Adding Linked Parallel Lines tidad ci n 92 Deltasone ea E 93 Deleting a Smelo Liendo eos 93 Delete
152. ick the bar to draw the retracement from Exit Trend Mode EEK 5350 00 5300 00 5250 00 5200 00 5150 00 5100 00 5050 00 5000 00 4950 00 4900 00 Qualifying Relative Retracement By qualifying a retracement level the probability of identifying a successful intraday breakout is enhanced if any of the following occur 1 The close of the prior bar to the upside downside penetration is down up versus the close two bars ago OR 2 The open of the first bar exceeds upside downside the retracement level OR 3 The difference between the previous bar s close and its true low true high and close added to subtracted from the previous bar s close is less than greater than the retracement level A true high is that bar s high or the close of the previous bar whichever is greater A true low is that bar s low or the close of the previous bar whichever is lesser For further information on Thom DeMark Relative Retracement please refer to Thomas R DemMark The Science of Technical Analysis Ney York John Wiley amp Sons 1994 Chapter 2 Drawing Thom DeMark Absolute Retracement Absolute Retracement is applied once a market s price advance is at an all time high or low Consequently Relative Retracement cannot be used since there is no reference point historically Absolute Retracement is applied to the high bar or low bar Retracement ratios will be displayed to the downside or upside and are used as supp
153. ies In the Symbol input box of the general tab the symbols required can all be added with commas between them Chart Properties General Scale Data Colors Continuations Symbol EUR GBP CHF Prefix V Display current price Y Display title bar I Display horizontal scrollbar I Display vertical scrollbars I Display study labe Hide grid lines Cancel Apply If multiple symbols for a futures contract are required then they should be entered as described in the section on Handling Futures Contracts above Editing Symbols Once a symbol is entered onto a quote page it can be changed simply by clicking on the symbol and amending the code If the quote page is a scroll region then the list of items can be modified by choosing Edit Symbols from the quick menu and either add additional symbols or remove them by clicking them on the left and column and choosing Delete Scroll Region Symbols Clear All Done Cancel Copy and Paste Symbols If the same or similar symbols need to be used on multiple windows we saw above how using F12 enabled the last thing typed to be displayed However this will only work for the current session If Aspen is closed and then re opened none of these will be remembered We therefore have the ability to copy and paste symbols between windows Simply place focus on the window from which you wish to copy click the copy button or CTRL C and then place focus on t
154. in body represents that the close during that time period was lower than the open When the body is white or hollow the close is higher than the open The thin vertical line above and or below the real body is called the upper lower shadow representing the high low price extremes for the period Displaying Candlesticks There are several ways to display a Candlestick Chart in Aspen Using Icons 11 Select the chart by Left Clicking on the Numerical Scale 12 Left Click on the Chart Type Icon 13 Select the Candlesticks item from the Drop Down Menu m Bar Chart v Candlesticks Point amp Figure Tic Chart Line Chart Equitick bars Time based bars Using the Context Sensitive Menu 14 Right Click on the chart 15 Select Replace Study 16 Select Candlesticks Using the Main Menu 17 Left Click Study in the Main Menu 18 Select Replace Study in the Study Menu 19 Left Click Candlesticks in the new menu Using a Dot Command 20 Type cand lt enter gt Candlesticks Colors There are two methods for displaying the Candlesticks Parameters Dialog Using Icons 21 Select the chart by Left Clicking on the Numerical Scale 22 Select the Parameters Icon 23 Select Candlesticks from the Drop Down Menu it Candlesticks Using the Context Sensitive Menu 24 Right Click the Candlestick Chart 25 Select Parameters Using the Main Menu 26 Left Click Study in the Main Menu 27 Left
155. ines Using Icons Enter Trend Mode Left Click a Trendline to select it Left Click the Move Line icon Use the mouse pointer to reposition the line Left Click to place the line Exit Trend Mode Api feo Using the Context Sensitive Menu Enter Trend Mode Right Click a trendline to select it and display the menu Left Click Move Use the mouse pointer to reposition the line Left Click to place the line Exit trend mode i a ae Using the Main Menu Enter Trend Mode Left Click a trendline to select it Left Click Trendlines in the Main Menu Select Edit in the Trendlines Menu Left Click Move in the new menu Use the mouse pointer to reposition the line Left Click to place the line Exit Trend Mode Saha Using the Mouse Enter Trend Mode Place the mouse over the line until the cursor changes into a hand Left Click and Drag the line to its new position Release the Left Mouse button Exit Trend Mode pg eh Pivoting Trendlines Trendlines in Aspen can be rotated about points This process is called Pivoting Using Icons 1 Enter Trend Mode Left Click the Trendline to select it Left Click the Pivot Trend Line icon Left Click a new point on the chart to redraw the line Exit Trend Mode Le Sg ie Extending and Retracting Trendlines Trendlines in Aspen can be extended to be drawn indefinitely into the past or future Trendlines that have been extended may also be retracted
156. ing certain bars which meet user defined criteria For example a color rule can be written so that each bar that hits a 21 day high will be colored red while all other bars will remain yellow Color Rule Dialog Color Rules x Close i Add Position_Color Short_Color Edit Delete dd if Long_Test 1 1 and Long_Test 1 1 1 clr_green if Long_Test 1 1 and Long_Test 1 1 1 clr_red clr_yellow Close Closes the Color Rule Dialog Add Opens the New Color Rule Dialog Edit Opens the Edit Color Rule Dialog Delete Deletes the selected Color Rule Import Imports Color Rules from Previous Versions of Aspen Displaying the Color Rule Dialog 1 Using the Context Sensitive Menu Right Click an empty Aspen Workspace 2 Select Tools 3 1 Left Click Color Rules Using the Main Menu Left Click Tools in the Main Menu 2 Left Click Color Rules in the Tools Menu 1 Using Dot Commands Type color lt enter gt Creating a Custom Color Rule Display the New Color Rule Dialog by Left Clicking the Add Button in the Color Rule Dialog New Color Rule x 52 Gain Formula if pchg 1 gt 5 clr_green clr_red Memorandum A Ps Cancel Delete o Name A unique name for the color rule must be entered in this field This is one of the few instances where spaces can be used in the name Up to 39 characters can
157. ing prices on a logarithmic scale allows the presentation of a uniform picture of performance and permits the easy comparison of instruments that differ widely in dollar amount o Percent Change Scale Percent change charts are used to compare the percent change in price from the close of the left most bar Time Add Replace Study Scale Overlay Study Parameter ae a i El GB amp poo To Chart Add Add Split Type Study Study o Time Scale Opens a Drop Down Menu containing popular time frames Selecting a time frame will change the time frame for the chart o Chart Type Opens a Drop Down Menu containing chart type options for Aspen Selecting a chart type will change the current chart type o Add Overlay Opens a Drop Down Menu containing indicators that can be displayed in the same window as the chart Selecting an indicator will apply the indicator to the chart o Add Study Opens a Drop Down Menu containing indicators that are displayed in a split window Selecting an indicator will apply the indicator to the selected window o Replace Study Opens a Drop Down Menu containing indicators and chart types Selecting a menu item will remove the current indicator or chart type and replace it with the selection o Add Split Study Opens a Drop Down Menu containing indicators that must be displayed in a split window Selecting an indicator splits the chart and applies the indicator to the new split window
158. ions in a custom formula as shown in the following examples SlowK input eavg fstoch 1 14 3 SlowD input savg wavg fstoch 1 14 3 3 Entering these formulas and using the preceding functions allow you to use the Modified Stochastic study in color rules and alarms as shown in the following examples Color Rule Example if 1 high gt S1 high 1 and 1 high 1 gt S1 high 2 and 1 high 2 gt 1 high 3 and SlowD 1 lt SlowD 1 1 and SlowD 1 1 lt SlowD 1 2 and SlowD 1 2 lt SlowD 1 3 clr_blue clr_white This color rule illustrates a way of signaling divergence When price has made three consecutive highs but the Slow D line has been decreasing over the same periods this color rule will turn the bars blue to denote this divergence otherwise the bars will remain white Alarm Example 279 chart sstoch pbg8 9 3 gt SlowD pbg8 1 1 2 100 1 1 make sure to set Trigger When State to Changes This alarm will trigger each time the Slow K and Slow D lines cross The alarm is based on daily bars for February 98 pork bellies Stochastic Slow The Slow Stochastic is a smoothed variation of the Fast Stochastic There are fewer crossovers and therefore fewer signals than with the Fast Stochastic Type of Study Keyboard It works best in Command Overbought Oversold Cash and Futures markets Just like the Fast Stochastic two lines make up this study In the Slow Stochastic study these lines ar
159. istogram bring up the Acceleration study on a chart Bring up a Graph Menu select Parameters and then single left click on the word Line in the Graph field Select Histogram and then select Done A color rule can be written to display all positive values in green or any other color and all negative values in red by entering the following color rule if 1 gt 0 clr_green clr_red Accumulation Distribution A D Oscillator The A D Oscillator indicates overbought oversold conditions by comparing buying power and selling power to the period s trading range This study was developed by Larry Williams and Jim Waters as a way of normalizing the relationship between the open and closing prices with the extreme prices for the period Type of Study Keyboard It works best in Command Overbought Oversold ado Cash and Futures markets that are trending How Aspen Graphics Calculates It The A D Oscillator is calculated as follows Buying Power Selling Power 2 True Range This study defines buying power as the difference between the true high the higher of the current high or the previous close and the period s open Selling power is defined as the difference between the close and the period s true low the lesser of the current low or the previous close The A D Oscillator values are not smoothed by averaging the values of several periods as with a moving average so the oscillator ofte
160. it A eS SS Using the Main Menu Create a chart Add a symbol Left Click Chart in the Main Menu Left Click Add Split for Study in the Chart Menu Left Click Study in the Main Menu Select Add Study in the Study Menu Select Formula Study Select the sub folder the formula resides in Left Click the formula name to apply it A a O a Displaying a Formula in a Quote Window The value of a formula can be displayed in a Quote Window by formatting the name of the formula in a quote window For instructions on how to format a quote window see the Quotes chapter of this manual Some examples of formatting a formula in a quote window are shown below The formula Formula should be Because appears as formatted as Weekhigh weekhigh All the information necessary to chart ibm high 7 calculate the formula is present 251007 1 1 there are no variables Pchg 1 recent pchg 1 The 1 is a variable holding the 1 prev 1 prev place for an instrument that will be 100 specified later SPREAD 1 2 SPREAD 1 2 There are two variables in the formula so we leave room for the two variables we ll be specifying later 21DayHi rmax Chart 21DayHi 1 The formula needs the same frame 1 high 21 1 1 2 100 1 1 of reference as a chart This is gt supplied by the chart function A Some formulas require the chart function chart when being formatted in a quote window
161. it Trend Mode Thom DeMark Trendline Property Dialog The properties for the various DeMark Trendline studies are managed from one dialog Retracement and Factor values are enabled or disabled from this dialog DeMark Trendlines Rel Retrace Abs Retrace TD Arc Trend Factor 0 382 0 382 0 382 1 0556 0 94447 M 0 618 Y 0 618 V 0 618 Y 1 0556 Y 0 9444 M 1 000 1 382 Y 1 000 1 1112 Y 0 8919 Y 1 382 1 618 f 1 382 M 1 1390 M 0 8671 MV 1 618 2 618 f 1 618 Y 1 1668 Y 0 8423 Bo 1 2224 Y 0 7955 M 2 618 Pen Tics fi Scale 2 0 1 2780 0 7512 V 3 618 I 1 3336 M 0 7095 Cancel o Rel Retrace Checking any item in this group enables the retracement level Removing a check beside any item disables the level o Abs Retrace Checking any item in this group enables the retracement level Removing a check beside any item disables the level o TD Arc Checking any item in this group enables the retracement level Removing a check beside any item disables the level o TD Factor The Drop Down boxes associated with the 1 0556 and 9444 values allows the High Low Open or Close price to be specified Checking any item in this group enables the retracement level Removing a check beside any item disables the level Manipulating Trendlines Once drawn Trendlines can be moved resized and rotated Paralel lines can be added and associated with a selected trend and Fibonacci lines can be added well Moving Trendl
162. l but a different number of periods is different from the Moving Average Oscillator This study uses as default two different average types simple and modified with the same number of periods The emphasis of this study lies more in the difference between the two average types than in comparing long and short term trends Comparing the trends is the job of the MACD Type of Study Keyboard It works best in Command Overbought Oversold mao Cash and Futures markets that are trending How Aspen Graphics Calculates It The Moving Average Oscillator is Moving Avg 1 Moving Avg 2 The user determines the type of moving averages to be used and the number of periods in each moving average Default Parameters Settings Field Value Avg 1 Simple Avg 2 Modified Color Green Graph Line Line Style Solid Line Width 1 pixel Period Avg 1 10 Period Avg 2 10 Price Avg 1 Close Price Avg 2 Close Shift Avg 1 0 Shift Avg 2 0 Custom Aspen Graphics Formula MovAvgoOsc series savg 1 10 mavg 1 10 This formula once entered in the Formula Listing allows you to use Moving Average Momentum in color rules and alarms as shown in the following examples Color Rule Example if MovAvgOsc 1 gt 0 and MovAvgOsc 1 gt MovAvgOsc 1 1 clr_red clr_yellow This color rule will turn a bar red when the Moving Average Oscillator is positive and rising and will leave all other bars yellow
163. l line by selecting a point above or below the trend line Changes made to one line will affect the other Extend Line Extends the indefinitely into the future or past Trunca Delete Trend Label te Line Lines in a S te abe Delet Delete e All Truncate Line Truncates lines that have been expanded Delete Line Deletes the selected line Delete Trend Lines in a Group Deletes all the lines in a selected group Delete All Lines Deletes all trend lines on the chart Labels On Off Toggles the display of trend line labels Snap Fibonacci TD On Off Options Options a ae Trend Line Gann Status Window Options o Snap On Off Toggles the price snap feature for drawing trend lines Enabling this option will snap drawn lines to the closest price on a bar o Trend Line Status Window The Trend Line Status Window displays the exact price and time values for the end points of a trend line o Fibonacci Options Displays the Fibonacci Options Dialog o Gann Options Displays the Gann Options Dialog o TD Options Displays the Thom Demark Trend Studies Dialog Freehand Mode By default Aspen is in freehand trend mode meaning that lines can be freely drawn between points The way in which a trend line is drawn is to identify just two significant points These can be two highs two lows or a low and a high for example Click and drag the pencil tip not the eraser end between the points and rele
164. l that something is special about that quote Quote Type Description Yellow New Tick A Red Last Price A New Daily Low A Green Last Price A New Daily High A Red Net Change Down from yesterday s close A Green Net Change Up from yesterday s close Highlighted displayed on a black New or just recalculated background Last prices are followed by symbols that provide additional information about the price Symbol Example Definition A 98 60a Ask B 98 60b Bid 1 98 607 Up Tick 1 98 60 Down Tick Quote Code Variables Aspen Graphics uses Quote Code Variables as place holders These variables appear in the 1 2 3 format A variable in Aspen is a reference to the symbol Code Codes can be used to pull specific information from the underlying symbol The variable 1 and the Code Last used as 1 Last will display the price for the last trade on the symbol Quote pages are used to display information relating to multiple symbols simultaneously The Quote Code Variables facilitate this behavior These variables or place holders may only be seen in Free Form Quote Window while in Modify Layout mode A variable is usually associated with a row or a column in a Quote Window Each Row or Column is associated with a Quote Code Variable Quote 1 SYMB 2 SYMB 3 SYMB 4 SYMB 5 SYMB 6 SYMB 7 SYMB 8 SYMB 9 SYMB 10 SYMB 11 SYMB 1 O0PEN 2 OPEN 3 O0PEN 4 OPEN 5 OPEN 6 OPEN 7 OPEN 8 OPEN 9 OPEN 10 OPEN
165. lbar is enabled once a chart window is opened or created in Aspen The Chart Toolbar contains commands for configuring the various charting features available in Aspen Graphics Refresh Expand Price Move Auto Scale Data Scale Chart Up Price in mtt Add Symbol Compress Price Move Chart to Chart Scale Down Refresh Data Queries the server and fills in missing data on Aspen Servers Refresh will only fill in missing data visible on the chart Add Symbol to Chart Opens a text box for entering a symbol on the chart Expand Price Scale Increases the details along the Price axis Compress Price Scale_ Decreases the details along the Price axis Move Chart Up Moves the entire chart up Move Chart Down Moves the entire chart down Auto Scale Price Restores the default price scale for the chart Compress Shift Auto Scale Log Time Scale Left Time Scale ll e e eS lin log Expand Shift Linear Percent Time Scale Right Scale Change Scale Compress Time Scale Decreases the details along the Time axis Expand Time Scale Increases the details along the Time axis Shift Left Moves the entire chart to the left Shift Right Moves the entire chart to the right Auto Scale Time Restores the default time scale for the chart Linear Scale The price scale is set by an instrument s trading units and the bar plots linearly along the scale o Logarithmic Scale Plott
166. le Solid Line Width 1 pixel Period 14 Price Close Wilder s original RSI employed a number of periods equal to half of the normal cycle For example if an instrument was presumed to have a 28 day cycle 14 periods were used in the RSI calculation Related Aspen Graphics Functions rsi Example rsi sp 14 Key to Examples 1 Placeholder for a symbol that will be supplied later 14 Number of periods in the RSI This function will allow you to use the Relative Strength Index study in color rules and alarms as shown in the following examples Color Rule Example if rsi S1 14 gt 75 clr_cyan if rsi 1 14 lt 25 clr_red clr_yellow This three part color rule will turn a bar cyan when the RSI has a value over 75 and will turn a bar red when the RSI has a value under 25 all other bars will remain yellow Alarm Example chart rsi sp 14 gt 70 or rsi sp 14 lt 30 1 40 0 100 1 1 This alarm will trigger when the 14 period RSI has a value over 70 or under 30 The alarm is based on a 40 EqTick chart of the current S amp P contract 275 Stochastic Fast Two lines make up this study K and D These lines oscillate between O and 100 The Fast Stochastic gives a variety of signals Overbought when the K is above 80 and crosses below the D line Oversold when the K is below 20 and crosses above the D line vi These values are left to the discretion of the user Overbought conditions often r
167. llinger Band and Keltner Channel studies the difference lies in the method used to calculate how far the bands should be drawn above and below the moving average line The Moving Average Envelope bands are drawn above and below the moving average at a distance which is a percentage of the moving average value For example if the value of the moving average at a particular bar is 100 and the Percent field is set to 0 5 the top and bottom bands will be drawn at 100 5 and 99 5 Type of Study Keyboard It works best in Command Trend Follower env Cash and Futures markets that are trending The figure below shows a Moving Average Envelope around a 10 day simple moving average with bands set at 2 above and below the average 121 8106 roer Default Parameters Settings Field Value Avg Type Simple Color Envelope Bottom Cyan Color Envelope Top Violet Color Moving Average Green Graph Envelope Bottom Line Graph Envelope Top Line Graph Moving Average Line Line Style Envelope Bottom Solid Line Style Envelope Top Solid Line Style Moving Average Solid Line Width Envelope Bottom 1 pixel Line Width Envelope Top 1 pixel Line Width Moving Average 1 pixel Percent Envelope Bottom 2 0 Percent Envelope Top 2 0 Period 10 0 Price First Study Custom Aspen Graphics Formulas EnvAverage input per 10 savg 1 per EnvTop input per 10 prent 0 005 savg 1 p
168. lt ng 2 3 This formula could be used anytime and the first three months of natural gas whatever they happened to be at the time would be averaged Price Variables Price Variables such as spz7 high and 1 avg are used to designate which of the many possible prices and values associated with an instrument are to be used in the formula These variables or quote codes are placed after the symbol and separated from it by a period as shown in the previous examples Below is a list of quote codes which may be used in formulas Quote code Description p Average of the high low and close prices for a bar avgtick Highest price hit during the period last Last price reported includes bids asks trades and settles Lowest price hit during the period midpt Midpoint of the high and low prices for the period Opening price for the period Closing price for the previous period high or the previous close True Low the lower of the current period low or the previous close Flow Control Aspen includes functionality for controlling the flow of a formula This includes branching and looping controls Branching Aspen uses If statements as one method to control formula flow If statements allow users to take two or more paths of execution based on the evaluation of the If statement If statements can be written as single line commands or multi line commands Single Line If Statement Example If 1l high gt 1 high 1
169. m Aspen Graphics Formulas MACD series eavg 1 2 eavg 1 1 Signal Line input eavg macd_ 1 3 MACD_Osc series MACD_ 1 Signal Line 1 These formulas once entered in the Formula Listing allow you to use the MACD Oscillator study in color rules and alarms as shown in the following examples Color Rule Example if MACD_Osc 1 gt 0 and MACD_Osc 1 1 lt 0 clr_green if MACD_Osc 1 lt 0 and MACD_Osc 1 1 gt 0 clr_red clr_yellow This three part color rule will turn the bar green where the MACD Oscillator has changed to a positive value it will turn the bar red where the MACD Oscillator has changed to a negative value and all other bars will remain yellow Alarm Example chart MACD_Osc c gt 0 1 30 1 100 1 3 make sure to set Trigger When State to Changes This alarm will trigger each time the MACD Oscillator line crosses the zero line for the front month of corn The alarm is based on 30 minute bars Charting Setup Idea Oscillators are sometimes graphed as histograms rather than as line charts To draw this study as a histogram see the Charting Setup Idea section at the end of the Acceleration study Momentum Momentum is the difference between the current price and a previous price Momentum indicates the rate of change in prices and helps determine when a trend is running out of steam If prices are going up but momentum is falling prices are expected to rise less quickly si
170. m of Microsoft begins to change direction The Chart Function parameters used are the same as in the example above Trigger Condition chart mom msft 10 gt mom msft 10 1 and mom msft 10 1 lt mom msft 10 2 or mom msft 10 lt mom msft 10 1 and mom msft 10 1 gt mom msft 10 2 1 60 1 100 1 1 Trigger State True Option Volume Increases Stock option traders sometimes follow the volume on the first calls in the money When the volume on these options suddenly increases it can signal that a rally in the price of the underlying is on the way This alarm triggers when the daily volume on the first in the money call triples from the previous day s volume Trigger Condition chart mutt 1c volume gt 3 mu t 1c volume 1 1 1 2 100 1 3 Trigger State True The Chart Function parameters used above i e 1 1 2 100 1 3 are used when you want Calc On 1 a daily time frame 1 2 the default setting for numbars 100 the Nogaps On setting 1 and the Night session omitted from consideration 3 Moving Average Crossover In this example we use two Moving Averages one based on 18 periods the other based on 40 periods Once again we need the Chart Function because we are doing this on 5 minute bars and are comparing the current bar with previous bars Trigger Condition Chart savg msft 18 gt savg msft 40 and savg msft 18 1 lt savg
171. majors 8 CurrencyCrossrates 9 SUPERQUOTE Enter a unique name in the Name field You cannot use only symbols or numbers in naming pages this will return an error message saying the name is reserved Numbers and symbols can be used in combination with no conflict e g IBM_15 is a valid page name You also cannot use spaces in a page name use the underscore _ instead Select a folder from the choices available in the Create in section You may also create a new folder to store this page in Click the New Folder button and name the folder accordingly to create a new folder When you have selected or created and named the desired folder click OK The software verifies that the page has been saved by displaying its name in quotes on the title bar Save this file to your folder list Name MyPage Create in Saving Windows Save an Aspen Window by left click on the File Menu then left click Save Window Aspen Windows must follow the same naming guidelines as Aspen Pages Opening Files Aspen Pages and Aspen Windows are stored in separate directories Because of this Aspen Pages and Aspen Windows must be opened using different processes Open Window The file may have been accidentally saved as a Window when you Be If you have difficulty in finding a previously saved file use both Open Page and intended to save it as a Page or vise versa Opening Pages Open an Aspen Page by Left Clicking on File and selecting Open
172. me Value Represents Tick Volume reflects the number of shares for a given trade This is referred to as tick volume and represents the same value you d see in a quote window under the heading TICVOL Intraday Daily Volume reflects the total number of shares traded during that period and Historical Instrument Type Futures Time Frame Volume value represents Tick Volume reflects a value of one for each trade Intraday Volume reflects the total number of price changes during that period Daily Volume reflects the estimated number of contracts traded on the previous day Volume reflects the total number of contracts traded during the time period Default Parameters Settings Field Value Color Yellow Graph Histogram Line Style Solid Line Width 1 pixel Custom Aspen Graphics Formula 284 You can make reference to Volume values by using the 1 volume quote code in formulas color rules and alarms as shown in the following examples Color Rule Example If 1 volume gt 1 volume 1 clr_purple if 1 volume lt 1 volume 1 clr_red clr_yellow This color rule will turn the bar purple if the volume for that bar is greater than the previous bar and red if it is less than the previous bar Alarm Example chart spm7 volume gt rmax spm7 volume 21 1 1 2 100 1 1 This alarm will trigger when the daily volume reaches or exceeds the highest volume of past 21 days Volume Accumulation Oscillato
173. me data from a number of different data vendors and sources depending on location and method of delivery internal LAN or internet The majority of features and functions covered in this manual are feed independent there are some options which are feed specific and will be dealt with at the end Objects in Aspen There are two objects with which we concern ourselves in Aspen Pages and Windows It is only possible to have one page displayed at any one time however that one page can be made up of multiple windows The most commonly used ones are described below Charts Charts are perhaps the most commonly used windows in Aspen Graphics enabling users to view historical data on an intra day or daily basis There are a large number of technical analysis studies which can be applied to these charts and these will be covered in a later section Clocks The clock windows in Aspen are configurable clocks that can be set to different time zones and display modes Quotes The quote windows in Aspen enable users to monitor price information and movement in real time Completely customizable the quote windows offer limitless options for display of data News Depending on the data package subscribed to news from a variety of sources is available through Aspen Graphics News can be displayed by Category or specific keywords can be searched for from the whole news database Time and Sales The time and sales window in Asp
174. n charting the study Trigger Condition chart ssstoch us 9 3 3 gt sstoch us 9 3 1 1 2 100 1 3 Trigger State Changes Slow Stochastic Lines Crossing Above 80 or Below 20 This alarm differs from the earlier Stochastic alarm it only alerts you when the SlowD and SlowK lines cross above 80 or below 20 Trigger Condition chart ssstoch us 9 3 3 gt sstoch us 9 3 and ssstoch us 9 3 3 1 lt sstoch us 9 3 1 and sstoch us 9 3 gt 80 or ssstoch usf 9 3 3 lt sstoch ust 9 3 and ssstoch us 9 3 3 1 gt sstoch us 9 3 1 and sstoch us 9 3 lt 20 1 1 2 100 1 3 Trigger State True Price Breakouts from Bollinger Bands This alarm triggers when the price of NGZ9 fs breaks the top or bottom of the Bollinger bands The function used for the Bollinger Band calculations is bb Default parameters are used in the example these can be modified at the user s discretion Trigger Condition chart NGZ9 low lt bb ngz4 20 2 1 or NGZ9 high gt bb NGZ9 20 2 1 1 60 1 100 1 1 Trigger State True The Chart Function parameters used above i e 1 60 1 100 1 1 are used when 1 the alarm recalculates each time there is a price change 60 1 the hourly study values 100 the default setting for Numbars Nogaps On includes the Night session in calculations Momentum Changes Direction This alarm triggers when the 10 period momentu
175. n fluctuates wildly between 0 and 100 ADTo make this study easier to read a moving average can be applied to the A D Oscillator and overbought oversold zones can be applied to this moving average Default Parameters Settings Field Value Color Yellow Graph Line Line Style Solid Line Width 1 pixel Custom Aspen Graphics Formula ADOsc series 100 1 thigh 1 open 1 close 1 tlow 2 1 trange This formula once entered in the Formula Listing allows you to use the A D Oscillator study in color rules and alarms as shown in the following examples Color Rule Example if ADOsc 1 gt 90 or ADOsc 1 lt 10 clr_red clr_yellow This color rule will turn a bar red when the value of the A D Oscillator is over 90 or less than 10 and leave all other bars yellow Alarm Example chart eavg ADOse Ihq7 6 gt 70 or eavg ADOsc 1hq7 6 lt 30 1 2 100 1 3 This alarm will trigger if at the end of the day the 6 period exponential moving average of the A D Oscillator is above 70 or below 30 The alarm is based on daily bars of the August 97 lean hog contract Charting Setup Idea Oscillators are sometimes graphed as histograms rather than as line charts To draw this study as a histogram see the Charting Setup Idea section at the end of the Acceleration study Average Balance Volume Average Balance Volume is a simple moving average of the On Balance Volume which smoothes out that study The uses of
176. n the following examples Color Rule Example if ABVol 1 gt ABVol 1 1 and ABVol 1 1 gt ABVol 1 2 and ABVol 1 2 gt ABVol 1 3 clr_green if ABVol 1 lt ABVol 1 1 and ABVol 1 1 lt ABVol 1 2 and ABVol 1 2 lt ABVol 1 3 clr_red clr_yellow This three part color rule will turn a bar green when the Average Balance Volume has increased for three consecutive periods it will turn a bar red when the Average Balance Volume has declined for three consecutive periods and it will leave all other bars yellow Alarm Example chart ABVol sp gt ABVol sp 1 and sp lt sp 1 or ABVol sp lt ABVol sp 1 and sp gt sp 1 1 30 1 100 1 3 This alarm will trigger when the direction of the Average Balance Volume line is diverging from price action The alarm is based on 30 minute bars of the current S amp P contract Charting Setup Idea When graphed the Average Balance Volume can sometimes appear as a type of oscillator It can like other oscillators be graphed as a histogram rather than as a line chart To draw this study as a histogram see the Charting Setup Idea section at the end of the Acceleration study Average Directional Index ADX The Average Directional Index often referred to as the Average Directional Movement Index or ADX indicates the strength of a trend by measuring the degree of directional movement up or down The ADX fluctuates between O and 100 with the higher values
177. n underscore _ can be used to add a space to your formula name as in 3month_strip A Aspen Graphics formula names are not case sensitive Do not name your formula any of the following 1 A symbol name 2 A number such as 15 3 A command such as bye Expressions Expressions are where the calculations take place Expressions can contain o constants CLZ8 ibm 42 etc o operators gt etc o variables 1 1 1low cl etc o functions rmax dev if etc Constants Constants can be any number or symbol sent by your datafeed Operators Math operators used in Aspen Graphics are shown below The Order of Evaluation specifies the operator in the formula that will be calculated first Operator What it Does Order of Evaluation gt Negative Subtraction Equals tz DoesNotEqual O i So Parenthesis Parenthesis can be used to specify that a particular operation should be performed before other operations in the formula For example ng tng ltng 2 3 First add the three front months of Natural Gas and then divide the sum by three Variables Variables are placeholders They stand for a quantity or an instrument that will be specified later when the formula is implemented Types of variables include Instrument Variables The advantage of using instrument variables 1 2 3 etc in a formula instead of a specific symbol such as OEX
178. nd oversold conditions are indicated where the MACD line crosses above or below its moving average These crossovers must occur above or below certain levels for the signal to be valid Bull markets are often indicated when the MACD line is above the signal line and rising it is just the opposite for bear markets These are only generalizations the strongest signals are produced in volatile or trending markets Avg Type Avg 1 Exponential Avg Type Avg 2 Exponential Signal Line Exponential Color Macd Line Green Color Signal Line Violet Graph Macd Line Line Graph Signal Line Line Line Style Macd Line Solid Line Style Signal Line Solid Line Width Macd Line 1 pixel Line Width Signal Line 1 pixel Period Avg 1 0 1 Period Avg 2 0 2 Period Signal Line 0 3 Price Avg 1 Close Price Avg 2 Close Note that the periods for the MACD are expressed differently than in other studies This is because the number of periods are related to the smoothing factor 2 n 1 where n is the number of periods in the moving average When you enter a value in the Period field you can enter either a whole number for the number of periods or a decimal value for the smoothing factor It s automatically converted for you as shown in Table 15 If you enter this value in Periods field Aspen Graphics calculates the number of perio
179. neral Scale Data Colors Continuations Symbol fiom Prefix Y Display current price Y Display title bar T Display horizontal scrollbar l Display vertical scrollbars r Hide grid lines Cancel Calculations such as a spread or a multiplication to give weight to an instrument may also be entered as a symbol In this case it is important to remember that some symbols use mathematical functions as part of the symbol code and as such there is a danger of causing confusion in Aspen To avoid problems it is recommended that any symbols which contain such functions be enclosed in quotation marks and in the case of Reuters RICs made uppercase Holding down the shift key while pressing the enter key automatically wraps the symbol string with quotation marks This process does not work however when performing math on two different symbols SEU30YT RR SEU1OYT RR HGX X SEU30YT RR SEULOYT RR will display the difference between the Euro 30 year and 10 year government bond yields gt To enter similar spreads 10 s 5 s 10 s 2 s etc onto different charts rather than 4 re enter the whole string from scratch use the F12 function key to recall the last command typed and simply edit it If a scroll region has been created then the symbols themselves cannot be typed directly into the quote page instead they need to be entered into a list To add items to a list right click the quote p
180. neral Colors Background Lines Shadow Numbers Hands Text Restore Default Colors Canes o Background Displays the Color Picker for changing the Background color o Lines Displays the Color Picker for changing the line color o Shadow Displays the Color Picker for changing the color of the Shadow o Numbers Displays the Color Picker for changing the color of the numbers for Analog clocks o Hands Displays the Color Picker for changing the color of the clock hands for Analog clocks o Text Displays the Color Picker for changing the text floor for digital and text clocks Changing the Time Zone Using Icons 1 Left Click the Clock Window to select it 2 Left Click the appropriate Time Zone icon in the Clock Toolbar Using the Context Sensitive Menu 1 Right Click the Clock Window 2 Select the Time Zone from the new menu Using Dot Commands 1 Left Click the Clock Window to select it 2 Type z and the Time Zone Code example z32 3 Press Enter Time Zone Codes Code Time Zone Code Time Zone 1 Honolulu 21 Hong Kong Anchorage 2 Yakutat Bay 22 Tokyo Alaska 3 Los Angeles 23 Darwin Australia 4 Denver 24 Sydney 5 Chicago 25 New Caledonia 6 New York 26 Wellington New Zealand 7 Caracas 27 Samoa 8 Rio De Janeiro 28 PST PDT 9 Eastern Brazil 29 MST MDT 10 Reykjavik 30 CST CDT 11 London 31 EST EDT 12 Paris 32 AST ADT 13 Spitzbergen 33 GMT BST 14 Mosco
181. ng ng 1 ng 2 into the Formula field Left Click the Copy Link button Select cell D2 Display the Formula tab of the DDE Link Generator Dialog Box again Enter the formula st ripMin ng ng 1 ng 2 Select cell E2 Enter the formula st ripOpen ng ng 1 ng 2 into the Formula tab Select cell F2 11 12 Enter the formula st rip3 ng ng 1 ng 2 into the Formula tab These values automatically update during trading hours For this exercise though our focus is on the end of day value after the market s close Select cell Al and type the name used when the data is displayed on a chart or quote page in Aspen Graphics e g ngstrip Select cell B1 type HLOC this defines that the data will all be written to the DAYS DAT file in the Aspen Graphics database Select cell A2 Enter TODAY Select cell B2 Enter 16 30 Create a synthetic symbol for the Strip using the following information Symbol NGStip Description Natural Gas Stip Scale 001 e Exchange Nymex y Type csn y l Base 100 m Options Currency US Dollars p Trading Hours Amount Pt fioooo PENER Volatility o nas E a Minimum Tiek ft Sessions C Expiration Date Sessiong Strike Price pp Underlying Symbol Strike Scale 1 v Put Call e Put gt Option Type C Cal C Europear Americar A E Cancel 18 Select cells A1 through F2 Left click the Send Symbol Update
182. ng 0 0 0 0 eeeccecesececesececeteeecseeeeeneeeenaeeeenee 214 Format the Quote Window using the Code Menu ocooooccconcccnoncncnoncnonnncnononcnonnnnnannns 215 Display the Two Charts viciado in ias 217 AA NP a 217 Add a Symbol to the Charts and Quote Windows oocooccnoccconcnonancnoncnoncnnnncnnanonanonos 218 Add a News Window to the Page i sssccissscccsusssedanasesisecs lusdeaca nncsanteansecads suteenes decian 218 Add and Format the Ticker Window vicio siii tati is 219 Adding Symbols to the Ticker Window ooconoccnnoncnonononnconnnononononononcnnnnnrnnncnnnnnnn conos 220 o PEE A E E AR 221 Additional Page Building Tips sxessscsistaclacers seas teasaedestavsskacccnsecyauadsuenteesaameahonaeeonbieddy 223 Appendix B Description of the Studies dd 224 Trend FONOWETS eisir e a a ST A aa A ESE Raa aaia 224 Overbought Oversold Indicators icc csccesaiveceecaseveseayausadeessnuesscdsunsdease cetdanpdecestOevacsens 224 Trend Indicators ui ds 225 Activity Indicators A e e E E aE anes EE o aeea 225 e A ean ae ies Aaa oe aie a Ae deta Le 225 Accumulation Distribution A D Oscillator oocccononononnonnnnnonononanancnnonocnonnnnnnonoss 229 Ayerase Balance Vol me in a In a aaas Ieo 230 Average Directional Index AD iii aia et eats 232 A E E EA 234 Commodity Channel Index COD e aerei eaat 237 Cumulative VoluME ustoniinsnnicis il lidad E EEEE 239 Directional Indicator DMI ccccccccccccecessessnsecececececeessnsecececeeseses
183. ng information into the Aspen GraphicsTick dialog Symbol Enter the name of the symbol name used to bring up this data once it is in Aspen Graphics Price Left Click on the cell whose value is to be linked to Aspen Graphics The remaining fields are optional Time_Text Used assigning a time to the tick OTHER THAN the current time Leave blank to default to the current system time Bate Specifies the price to reflect TRADE BID ASK SETTLE OPEN or CLOSE enter those values here If left blank all prices are marked as trades TkVol Enter the tick volume associated with the price If left blank the value will be 1 DDE Examples The following examples illustrates some of the possibilities available in Aspen Graphics and DDE Displaying a Formula Value as a BAR Chart intraday By default a formula is displayed as a line on an Aspen Graphics chart Users who would like to see the values displayed in other formats can use the Aspen GraphicsTick DDE function You would use this feature if O Y ou would like to see a custom formula i e the spread of two commodities or a Natural Gas strip as a bar chart not a line or histogram You like to use Candlesticks or Point amp Figure charts to analyze markets and want to use this method for the formula You want to easily quote the Net Previous or any other quote value for the formula The following example uses a July December spread formula for Corn F
184. nstruct custom tick based bars Layer Charts Layer Charts allow users to display multiple symbols on the same chart even when the price scales do not match Layer charts allow users to analyze price movements of two or more related symbols that normally would have to be displayed in separate charts The following example charts July 06 contracts for heating oil unleaded and sweet crude To Display a Layered Chart 84 Create a chart with the correct time scale and add the first instrument 85 Click the Add Layer Icon Y the chart appears to go blank but what has happened is another chart with an identical timeframe has been placed on top of the first one 86 A second instrument can now be added and if required more layers and more instruments can also be added If too many layers are added then they can be deleted using the Remove Layer Icon Navigating Layers Add Layer Rotate Layers Synchronize Sa pu Remove Layer Make Layers Transparent o Add Layer Adds a new layer to the chart o Remove Layer Removes the current active layer from the chart o Rotate Layers Rotates the active layer Hidden layers can be made visible with this icon o Make Layers Transparent If different instruments are placed on each layer then their relative price movement can be viewed irrespective of price ranges o Synchronize Layers Locks price or time scales between layers This allows all layers to b
185. ntering color rules and alarms see the Formulas Color Rules and Alarms chapter MESA DeMark Kase and Implied Volatility studies are not outlined here They are available as optional packages which integrate seamlessly into the Aspen Graphics program Each package comes with its own documentation detailing these studies Contact your salesperson for more information Acceleration Acceleration is the difference between the current momentum value and a previous momentum value While a momentum study indicates the rate at which prices change an acceleration study indicates the rate of change in momentum When an acceleration study yields a positive value prices are not only rising they are also rising at a faster rate When an acceleration study yields a negative value prices are falling at a faster rate For information on how momentum is calculated see the Momentum section Divergence between momentum and acceleration or price and acceleration are other uses of this study If momentum is decreasing while acceleration is unchanged or increasing momentum may soon be changing directions the converse is also true st in Overbought Oversold acc Cash and Futures markets all time frames How Aspen Graphics Calculates It ag A MALA F EE rr sa lo Ya aalaar lala NM dli IU W DA EEEE ECU NA AS Acceleration is Current Momentum Momentum n periods ago The user determines how many periods should be used in ea
186. ntil a box appears 3 Drag the mouse onto another profile 4 Release the mouse button to merge the profiles Removing Merged Profiles Using Icons 1 Left Click a Merged profile to select it 2 Left Click the Restore default splits icon to return the profiles to their default state Py TPO s Letters appearing on a profile are assigned to each half hour period of trading time during the day A profile is created as letters appear at the prices traded during each of the respective time periods Each letter within the profile is referred to as a Time Price Opportunity or TPO As the day progresses the letters form a profile of the acceptance and rejection of prices by buyers and sellers Aspen offers two TPO naming schemes Old TPO Alphanumeric Assignments Letter Time Color Letter Time Color A 09 00 Yellow a 20 00 Yellow B 09 30 Dark Blue b 20 30 Dark Blue C 10 00 Pink c 21 00 Pink D 10 30 Green d 21 30 Green E 11 00 Orange e 22 00 Orange F 11 30 Light Blue f 22 30 Light Blue G 12 00 Dark Purple g 23 00 Dark Purple H 12 30 White h 23 30 White I 13 00 Red i 24 00 Red J 13 30 Light Grey j 24 30 Light Grey K 14 00 Light Purple k 01 00 Light Purple L 14 30 Yellow l 01 30 Yellow M 15 00 Dark Blue m 02 00 Dark Blue N 15 30 Pink n 02 30 Pink O 16 00 Green o 03 00 Green P 16 30 Orange p 03 30 Orange Q 17 00 Light Blue q 04 00 Light Blue R 17 30 Purple r 04 30 Dark Purple S N A N A s 05 00 White T N A N A t 05 30 Red
187. nu Keltner Channels This study was developed by Chester W Keltner and is similar to the Moving Average Envelope and Bollinger Band studies The difference lies in the method used to calculate how far the bands should be drawn above and below the moving average line Keltner Channels are drawn above and below the moving average at a distance which is the weighted 10 period moving average of the true range multiplied by a constant Type of Study Keyboard It works best in Command Trend Follower Cash and Futures markets that are trending Default Parameters Settings Field Value Avg Type Simple Color Lower Channel Cyan Color Moving Average Green Color Upper Channel Violet Graph Lower Channel Line Graph Moving Average Line Graph Upper Channel Line Line Style Lower Channel Solid Line Style Moving Average Solid Line Style Upper Channel Solid Line Width Lower Channel 1 pixel Line Width Moving Average 1 pixel Line Width Upper Channel 1 pixel Multiplier Lower Channel 1 0 Multiplier Upper Channel 1 0 Period 10 0 Price Close Related Aspen Graphics Functions keltner Example keltner 1 10 1 Upper Channel default parameters keltner 1 10 1 Lower Channel default parameters Key to Examples 1 Placeholder for a symbol that will be supplied later 10 Number of periods in the movin
188. o lyear 10year 1 2day 30day lwk 3month lyr 10yr oa 3day 45day 2week 6mo 2year 15year E 4day 60day 2wk 6month 2yr 15yr ay Sday 90day 4week 9mo 3year 20year pl 6day 91day 4wk 9month 3yr 20yr 10 Iday 120day 6week 12mo 4year 30year 13 10day 180day 6wk 12month 4yr 30yr 15 14day 270day 8week 18mo Syear 20 1Sday 8wk 18month 5yr os 24mo Tyear 401 30th 24month 7yr 401k Time and Sales The Time and Sales Windows in Aspen Graphics displays the individual incoming Bids Asks Trades and Settles for an instrument 1170853 11708 45 11708 21 11707 49 11708 53 11708 77 11709 57 11710 13 11709 97 11710 29 11710 45 11710 53 11710 61 11710 77 11710 37 11709 89 11709 73 11709 57 11709 49 11709 89 11709 57 11709 65 11709 17 11709 09 11708 93 11709 09 11709 01 11708 85 11708 77 11708 69 11708 77 11708 53 11708 61 11708 69 11708 85 11709 89 11711 81 11712 69 11713 73 11714 69 11714 85 11715 17 11715 25 11714 93 11714 21 11714 61 11715 09 11715 33 11715 73 11715 97 11715 89 11716 21 11716 29 11716 53 11716 61 11716 69 11716 85 11716 61 11716 85 11716 77 11716 93 11716 85 11716 77 11717 65 11717 57 11717 49 Displaying a Time and Sales Window Using Icons 1 Left Click the Time and Sales Icon 2 Enter a valid symbol Using the Context Sensitive Menu Right Click an empty Aspen Workspace Select New Window Left Click Time and Sales Enter a valid symbol ie Using the Main Menu 1 Left Click File in the Main Menu 2
189. ode 2 Left Click the Gann Time Price icon 3 Left Click a low or high on the chart to define the beginning of the fan 4 Left Click a high or a low to draw the fan 5 Exit Trend Mode Using the Contex 1 Enter Trend Mode 2 Right Click the chart 3 Left Click Gann Time Price 4 Left Click a low or high on the chart to define the beginning of the fan 5 Left Click a high or a low to draw the fan 6 Exit Trend Mode Using the Main Menu 1 Enter Trend Mode oa le Left Click Trendlines in the Main Menu Left Click Gann Time Price in the Trendlines menu Left Click a low or high on the chart to define the beginning of the fan Left Click a high or a low to draw the fan Exit Trend Mode Gann Time Price Options The Gann Time Price Options Dialog controls the display angles and origins of the Angles The following methods can be used to display the Gann Time Price Options dialog Using Icons 1 2 Left Click the Gann Options icon a Left Click the Gann Angles tab in the Gann Options Dialog Using the Context Sensitive Menu 1 2 3 4 Right Click the chart Select Options Left Click Gann Left Click the Gann Angles tab in the Gann Options Dialog Using the Main Menu 1 2 3 4 Left Click Trendlines in the Main Menu Select Options in the Trendlines Menu Left Click in Gann in the Options Menu Left Click the Gann Angles tab in the Gann Options Dialog Gann
190. ods by default Linear regression always starts counting periods from the right hand side of the chart even if there is no data displayed so unlike Bollinger Bands and Keltner Channels the study will return different values as you look into the future Y a bX where Y is a price X is time b is the Y intercept or the point at which the line crosses the Y axis or N xS _NZD0 2 2 b O 2 NJ x gt x ais the slope or angle of the line 1 a Y y bY x N N is the number of data points and 2 represents the sum over N points Linear regression uses the best fit technique to draw a straight line that is closest to most of the data points The most popular technique in statistics for best fit determination is the method of least squares The best fit is the straight line from which all actual data points vary least Default Parameter Settings j Field a Value CI 95 0 Color Confidence High Blue Color Confidence Low Blue Regression Green Graph Confidence High Dotted Graph Confidence Low Dotted Regression Line Line Style Confidence High Solid Line Style Confidence Low Solid Line Style Regression Solid Line Width Confidence High 1 pixel Line Width Confidence Low 1 pixel Line Width Regression 1 pixel Price Close Regression Width 200 0 Type Linear Related Aspen Graphic Functions Lr Example
191. of the Low price Left Click on the Colored Box to the right of the Low Price Left Click the Color Rules button Double Click on 5 Gain On the Parameter menu under the Graph heading Left Click on Bars and change to Dots Left Click on Done NQOaPON gt Alarms Alarms or alerts let a trader know when certain market conditions have been met They can be a visual alarm an audio alarm or a combination of the two An alarm is completely independent of anything else in Aspen Graphics Once a user sets an alarm s he will be free to use their program for whatever they want to watch another market for profit and loss analysis to enter strategies while the alarm is constantly monitoring conditions in the background This saves the user o Time you are free to work on other projects instead of watching a chart waiting for their criteria to be met o Space you don t have to have a chart or quote window on the screen so you can dedicate more room to other things o Money alarms are added insurance that a trade opportunity won t be missed A If the Aspen Graphics session is minimized while you are working on another application Aspen Graphics will assert itself as the active application when the alarm triggers What can Trigger an Alarm Aspen Graphics allows you to set alarms on o PRICE clx2 lt 19 o TIME time 15 30 o DATE date 12 31 99 o EXPIRE date c1x4 expire 2 alerts you
192. ols o Label Toggles adding a label when adding a quote code o Symbol Toggles adding a symbol when adding a quote code o Custom Adds a custom label or formula o Edit Filter Enables a field for filtering quote codes in the Quote Code Explorer using text o Filter Enables or disables filtering of the items in the Quote Code Explorer Using Icons 1 Left Click a Cell on the Free Form Quote Window to select the cell 2 Left Click a Category in the Quote Code Explorer to display a list of Quote Codes 3 Left Click a Quote Code in the Quote Code List Panel to select a code 4 Left Click the Add to Quote icon Using the Context Sensitive Menu Left Click a Cell on the Free Form Quote Window to select the cell Left Click a Category in the Quote Code Explorer Panel Right Click a Quote Code from the Quote List Panel Let Click Add Symbol or Add Label amp Symbol ASNH Using Point and Click 1 Left Click a Cell on the Free Form Quote Window to select the cell 2 Left Click a Category in the Quote Code Explorer Panel 3 Double Left Click the appropriate Study in the Study List to add it The Quote Window Toolbar Edit Edit Symbo Cell Da gu 7 Delete All Align Quote Strik o Edit Symbols Opens the first cell in the page for symbol editing Available outside of Modify Layout mode o Delete All Quote Codes Removes all the Quote Codes on the window Available in Modify La
193. om 1 21 1 lt 0 clr_blue clr_yellow This color rule will turn a bar blue when the 21 period momentum becomes positive Alarm Example chart ip high gt ip high 1 and ip high 1 gt ip high 2 and mom ip 10 lt mom ip 10 1 and mom ip 10 1 lt mom ip 10 2 1 15 1 100 1 1 This alarm is monitoring divergence between price and momentum The alarm will trigger when the high price of International Paper has increased over the last two periods while the 10 period momentum was falling during that same period based on 15 minute bars Formula Example LBR_RSI chart rsi mom 1 1 3 1 1 2 100 1 3 In their book Street Smarts Linda Raschke and Laurence Connors talk about a trading technique they call Momentum Pinball This technique uses a 3 period RSI study on a 1 period Momentum study This combination can be easily charted in Aspen Graphics using the Add a Study option on the Select Study menu and the First Study price parameter The LBR_RSI can also be quoted on a quote page using the preceding formula Moving Averages Moving averages are smoothing techniques They are the average price of an instrument over a certain number of periods Faster moving averages are based on fewer periods and slower moving averages are indicative of long term trends The strength of a trend is indicated by the steepness of the moving average s slope Moving averages are always lagging indicators because they incorp
194. omar Bands Candlesticks Commodity Chan Cumulative Yolume Directional Indica Directional Oscill Fast Stochastic HiLo Oscillator Historical volatility Keltner Channels Line Chart Linear Regression MACD MACD Oscillator Modified Stochastic Momentum Moving Average Moving Average Moving Avg Mo Moving Avg Osc On Balance Yolume Open Interest Filter View Menu Acceleration Accum Dist Oscillator Average Balance Yolume Average Directional Index Bar Chart Bollinger Bands Bomar Bands Candlesticks Commodity Channel Index Cumulative Yolume Directional Indicator Directional Oscillator Fast Stochastic HiLo Oscillator Historical volatility Keltner Channels Line Chart Linear Regression MACD MACD Oscillator Modified Stochastic Momentum Moving Average Moving Average Envelope Moving Avg Momentum Moving Avg Oscillator On Balance Yolume Open Interest Study List Displaying the Study Dialog Using the Context Sensitive Menu 1 Right Click the Chart 2 Left Click Study Dialog Using the Main Menu 1 Left Click Study in the Main Menu 2 Left Click Study Dialog in the Study Menu Using the Study Dialog The Study Dialog is a powerful and versatile tool Like many operations in Aspen Graphics the Study Dialog offers several methods to accomplish the same task At the heart of this functionality lies the Study Explorer Panel This panel displays a list of
195. ommand gt If lt Else If Statement gt lt Else If True Command gt lt False Command for BOTH Boolean statements gt If pchg 1 gt 5 clr_green if pchg 1 lt 0 clr_red clr_yellow The above statement says that if PCHG is greater than 5 color the bar green If PCHG is less than 0 then color the bar red Otherwise color the bar yellow Color rules are not case sensitive upper and lower case letters can be used interchangeably Using both upper and lower case letters in the name can make it easier to read from the Color Rules menu Color Rule Example The following steps will take you through the process of writing a generic color rule This color rule alerts you when the current bar of the charted instrument has increased 5 from the previous bar using the pchg formula already entered in the Formula Listing This formula will color any bar on the chart green where the percent change from the previous bar was above 5 The rest of the bars on the chart will be colored red The 1 variable was used so that the color rule could be applied to any instrument that is displayed in the chart To write a color rule for this condition follow these steps In the Color Rule Dialog Left Click the Add button Left Click the Name textbox Type in 5 Gain Left Click the Formula textbox Type the following if pchg 1 gt 5 clr_green clr_red Left Click the Memorandum Textbox Check the Status
196. on at the end of the Acceleration study Cumulative Volume Cumulative Volume is a weighted version of the On Balance Volume study It adds or subtracts a prorated portion of the current volume to the previous Cumulative Volume value The result is a weighted volume accumulator On intraday charts the accumulated tick volume for the period is used Type of Study Keyboard It works best in Command Activity Indicator cv Active Cash and Futures markets all time frames Table 7 How Aspen Graphics Calculates It The Cumulative Volume study is calculated as follows Current Price Previous Price Volume the previous Cumulative Volume value Just like the On Balance Volume the Cumulative Volume study uses an arbitrary positive integer as a starting point for the calculations For this reason the Custom Aspen Graphics Formula may not have the same value as the Cumulative Volume that is pre programmed in Aspen Graphics the extent of your database may also have an effect on this value The shape of the graph however should look the same As mentioned in the On Balance Volume section the shape of the line is the most important aspect of these studies Graph Line Line Style Solid Line Width 1 pixel Custom Aspen Graphics Formula CumVol series CumV 01 1 1 1 1 1 volume This formula once entered in the Formula Listing allows you to use the Cumulative Volume study in color r
197. orate historical data For this reason they are used more to confirm that a change in trend has already taken place than as a way of predicting when a change will occur Type of Study Keyboard It works best in Command Trend Follower mav Cash and Futures markets that are trending Aspen Graphics has five different types of moving averages These five moving averages are listed and explained in the tables below Key to Example P Current Price P1 Price 1 Period ago etc MAprev Previous Moving Average Value n Number of Periods a Smoothing Constant 2 n 1 Description How Aspen Graphics Calculates It Simple Moving Average Average mean of data over n periods P P1 P n 1 n Modified Moving Average Subtracts last moving average value instead MAprey 1 n P MAprey of oldest data Exponential Moving Average Assigns more weight to newer data using a P a Pl a P2 a Pn 1 geometric formula l a a a Weighted Moving Average Assigns more weight to newer data using an n P n 1 P1 n 2 P2 P n 1 arithmetic formula 1 2 3 n Hamming Moving Average Weights recent data much more heavily than Proprietary developed by Aspen older data using a sine wave curve function Research Group Default Parameters Settings E Field al Value i Avg Type Simple Color Green Graph Line Line Style Solid Line Width 1 pixel Period 5 Price First Study Shift 0
198. ort or resistance levels Whe Thom Demark Relative Retracement is an add on subscription feature This feature will appear as disabled unless it is purchased A Left Click is assumed to refer to the high low open or close of a displayed bar Aspen locates the nearest such point and uses it as the exact reference point Aspen finds the horizontally nearest bar column then chooses the vertically nearest reference point within that column Chart3 la 7000 00 6500 00 6000 00 5500 00 Using Icons 1 Enter Trend Mode 2 Left Click the TD Abs icon 3 Left Click an all time high or all time low 4 Exit Trend Mode 1 Enter Trend Mode 2 Right Click the chart 3 Left Click TD Abs Retracement 4 Left Click an all time high or all time low 5 Exit Trend Mode 1 Enter Trend Mode 2 Left Click Trendlines in the Main Menu 3 Left Click TD Abs Retracement 4 Left Click an all time high or all time low 5 Exit Trend Mode IN AMINO Naim ANA rk ran Eantnrea Drawing nom D e M al k lrend Factors Trend Factors is designed to project upside resistance levels and downside support levels by multiplying qualified highs lows or closes by series of prescribed rations Once the market has moved up approximately 1 0556 in price from a low a reference high is identified Place the study cross reference on that high or high day close The Trend Factors projects down to the support area o
199. osition If a short position was initiated in early August when the CCI dipped below 100 green lines and was reversed when the CCI climbed back above 100 a few days later the downtrend during that period could have been captured CBOT Corn CZ06 pl l dunt i Wy 34 14 abet Channel Index aes fe Ma ral Y E a YAN Default Parameters Settings Field Value Color Yellow Graph Line Line Style Solid Line Width 1 pixel Period 10 Related Aspen Graphics Functions cci Example cci 1 7 Key to Examples 1 Placeholder for a symbol that will be supplied later 7 Number of periods in the CCI This function allows you to use the Commodity Channel Index study in color rules and alarms as shown in the following examples Color Rule Example if cci 1 14 gt 125 clr_green if cci 1 14 lt 125 clr_red clr_yellow This three part color rule will turn a bar green when the CCI has a value over 125 and will turn a bar red when the CCI has a value under 125 all other bars will remain yellow Alarm Example chart cci o 7 gt 125 or cci o 7 lt 125 1 1 2 100 1 3 This alarm will trigger when the 7 period CCI is over 125 or under 125 The alarm is based on daily bars of the front month of oats Charting Setup Idea Oscillators like the CCI are sometimes graphed as histograms rather than as line charts To draw this study as a histogram see the Charting Setup Idea secti
200. ots or a histogram Using DDE formula values for a period of time can be arranged in Excel imported into Aspen Graphics as synthetic symbols and charted as bars or candlesticks Al This feature is not available with the Aspen Graphics on the Internet versions of the software To create a symbol left click on the third custom Aspen Graphics button the lightning bolt oo fine A E The Create Symbol DDE Helper appears allowing you to enter all the relevant information about the symbol you are creating YN Before naming a symbol check to make sure there is not an existing symbol trading with that name In Aspen Graphics bring up the page SUPERQUOTE then type in the prospective name If it is undefined use that name for the symbol If it is quoted try a different more descriptive name x Symbol como Description CBOT Com Total Open Interest Scale ho x Exchange eor x Type C I Base 100 Currency US Dollars y Trading sig tart n Amount Pt nh Session 1 po r Pp Volatility fo NN Minimum Tick US EDO c E ro Expiration Date A Session 4 5 r Options Strike Price Jo Underlying Symbol gt Strike Scale 1 y K di r Put Call m Option Type E Put Cal European American Cancel Create Symbol DDE Helper Fields Contains Name of Symbol Description of Symbol appears on a chart or quote page Increments in which a symbol trades
201. oup 20 30 will clear groups 20 through 30 on the quote window Chart Header A chart header is a special kind of quote window that is linked to a chart changing the symbol in one automatically updates the second Chart headers are created like any other quote window but must be saved as a window with the name of chart_header to be defined as such To retrieve a header and link it to the chart first display the desired chart and then type header lt enter gt Appendix B Description of the Studies The Overlays and Studies listed on the Select Study menu can be categorized into four groups Trend Followers Moving Averages Moving Average Envelope Keltner Channels Bollinger Bands AAA Overbought Oversold Indicators Modified Stochastic A D Oscillator MACD Williams R MACD Oscillator Slow Stochastic Relative Strength Index Moving Avg Momentum Commodity Channel Index Moving Avg Oscillator HiLo Oscillator Trend Indicators Directional Indicator Directional Oscillator Average Directional Index Activity Indicators Cumulative Volume Volume Accumulation Oscillator On Balance Volume Variable Acc Distribution Average Balance Volume Historical Volatility The following section describes these indicators in more detail They are arranged in alphabetical order Examples of color rules and alarms based on these indicators are given at the end of each section For more information on e
202. ow gt News Drag the news window down so that its top border aligns with the bottom borders of the charts Resize it as necessary to fill the screen horizontally while leaving some space available under the News window as shown below 2 Aspen Graphics 1 File Edit View Format News Tools Window Help SANA SBR DEAR TIADA ae 1002 30b 1002 30 985 8 26 8 27 1 17 46 DJ Aetna Kelso 2 Helped Company Through Turnaround gt AET 2 17 46 DJ UPDATE UN Council OKs Prosecutor For Rwanda Tribunal 17 46 DJ UPDATE UN Council OKs Prosecutor For Rwanda Tribunal 242 17 46 242 PlattsiCQl Test Page 03 08 28 21 54 GMT 1 17 46 DJ UPDATE UN Council OKs Prosecutor For Rwanda Tribunal _ paje Pe a ea a a e paja a Aaa ep aa fe a Th pa pts 61 I JACC1 cs Session OPEN 5 52 PM EDT Add and Format the Ticker Window 1 Add a quote window by clicking on FILE gt NEW WINDOW gt QUOTE 2 Drag the quote window down to the bottom of the screen and resize it to fit in the available area underneath the news window 3 Right click in the body of this new quote window to display its menu Select Modify Layout 4 Right click again to redisplay the menu Left click on Format Rows Aspen Graphics for Windows 1 lex File Edit View Format Quote Tools Window Help cda 4 08 DORR Quotel a 1002 30b 1002 30 996 80 1003 985 53466 CHAIN PIES Chari2 0 x 1005 00 1000 00 995 00 990 00 Clear Cell 985 00
203. pe of Study Keyboard It works best in Command Trend Indicator dm Cash and Futures markets all time frames How Aspen Graphics Calculates It Two lines make up the Directional Indicator the DI line and the DI line These lines measure the greatest part of the current price range that lie outside of the previous price range A value is assigned either to the directional movement up DM or to the directional movement down DM for any given period the other value is set to zero For example if the difference between the current and previous high is 8 points and the difference between the current and previous low is 5 points we say that the directional movement up is eight and the directional movement down is zero The DI and DI lines are plotted together When the DI is above the DI a long position is indicated and when the DI is above the DI a short position is indicated DM current high previous high DM current low previous low Direc If DM gt DM then DM 0 If DM gt DM then DM 0 If the current range equals or lies within the previous range both DM and DM 0 The DI Line is modified moving avg of the DM 100 modified moving avg of the Avg True Range The DI Line is modified moving avg of the DM 100 modified moving avg of the Avg True Range Because the directional movement is divided by the instrument s average true range the Directional Indicator is normalized
204. play in a 12 hour format 24 Hour Format Modifies the selected clock to display in a 24 hour format Analog Clock Modifies the selected to clock to display as an analog clock with hands Digital Clock Modifies the selected clock to display as a digital clock Text Clock Modifies the selected clock to display using the default font New Los Paris York Angeles MYC CHI LAX LON PAR Chicago London New York Sets the selected clock s time zone to New York time Chicago Sets the selected clock s time zone to Chicago time Los Angeles Sets the selected clock s time zone to Los Angeles time London Sets the selected clock s time zone to London time Paris Sets the selected clock s time zone to Paris time Frankfurt Bangkok Sydney A SNA FAT SHG BEE TYO SD sf Singapore Tokyo Properties o Frankfurt Sets the selected clock s time zone to Frankfurt time o Singapore Sets the selected clock s time zone to Singapore time o Bangkok Sets the selected clock s time zone to Bangkok time o Tokyo Sets the selected clock s time zone to Tokyo time o Sydney Sets the selected clock s time zone to Sydney time o Properties Displays the Clock Properties dialog Clock Properties Dialog Clock Properties General Colors I Display title bar o Display title bar toggles the display of title bars for the selected clock Clock Properties Ge
205. ps bottoms inside the bands usually signal that a trend reversal is imminent note the double top in late September Bollinger Bands can also be used to spot exhaustion of a trend Exhaustion can be indicated by a sharp move outside the bands followed immediately by a retracement Color Envelope Bottom Cyan Color Envelope Top Violet Color Moving Average Green Graph Envelope Bottom Line Graph Envelope Top Line Graph Moving Average Line Line Style Envelope Bottom Solid Line Style Envelope Top Solid Line Style Moving Average Solid Line Width Envelope 1 pixel Bottom Line Width Envelope Top 1 pixel Line Width Moving Average 1 pixel Period Envelope Top 1 0 Period Moving Average 20 0 Price First Study Shift 0 StdDev Envelope Bottom 2 0 StdDev Envelope Top 2 0 Related Aspen Graphics Functions bb Example bb 1 20 2 Top Band Placeholder for a symbol that Number of standard deviations above or below the moving bb S1 20 2 Bottom Band Key to Examples 1 will be supplied later 20 Number of periods in the moving average 2 2 average This function allows you to use Bollinger Bands in color rules and alarms as in the following examples Color Rule Example if 1 high gt bb 1 20 2 clr_red if 1 low lt bb 1 20 2 clr_green clr_yellow This three part color rule
206. ptions Fibonacci line percentages are completely customizable in Aspen The Fibonacci Options dialog is used to customize these features 0 and 100 lines are defined and drawn automatically To remove a line enter the value of 0 0 To add an extension enter the extension value in the Line 4 and or Line 5 text boxes Fibonacci Options Predefined Fibonacci Line 1 38 2 Line 2 50 0 Line 3 1 8 Line 4 Z Line 5 Z Mirror Cancel Predefined Fibonacci Line 1 defaults to 38 2 Line 2 defaults to 50 0 Line 3 defaults to 61 8 Line 4 defaults to 0 0 Line 5 defaults to 0 0 Predefined 1 3rds Line 1 defaults to 33 33 Line 2 defaults to 66 66 Line 3 defaults to 0 0 Line 4 defaults to 0 0 Line 5 defaults to 0 0 Predefined Custom Specify custom settings for percent levels o Line 1 Reflects the value of Predefined setting o Line 2 Reflects the value of Predefined setting O O O Line 3 Reflects the value of Predefined setting Line 4 Reflects the value of Predefined setting Line 5 Reflects the value of Predefined setting Mirror Reflects the line values to extend the Fibonacci retracements Displaying the Fibonacci Options Dialog The following methods can be used to display the Fibonacci Options Dialog Using Icons 1 2 Left Click the Fibonacci Options Icon e 4 Exit Trend Mode Enter Trend Mode En Apply the changes Using the Context Sensitive Menu
207. r The Volume Accumulation Oscillator combines the On Balance Volume and Accumulation Distribution Oscillator studies into one oscillator It assigns a proportional amount of volume to a period depending on where the close falls in the total range of prices This study assigns all volume to buying or selling only if the close is the high or the low for the period Type of Keyboard It works best in Study Command Activity vao Cash Futures and Options markets in all time Indicator frames and all market conditions How Aspen Graphics Calculates It The Volume Accumulation Oscillator is Close Low High Close Volume High Low Once this is calculated a 10 period moving average of this value is subtracted from three period moving average 285 Default Parameters Settings Field Value Color Yellow Graph Line Line Style Solid Line Width 1 pixel Custom Aspen Graphics Formula VAOsc series savg 1 volume 1 close 1 low 1 high 1 close 1 high 1 low 3 save 1 volume 1 close 1 low 1 high 1 close 1 high 1 low 10 This formula once entered in the Formula Listing allows you to use the Volume Accumulation Oscillator study in color rules and alarms as shown in the following examples Color Rule Example if VAOsc 1 gt 0 clr_green clr_red This color rule will turn a bar green when the Volume Accumulation Oscillator has a positive value and will turn a bar red
208. r HiLo Oscillator MACD MACD Oscillator Moving Avg Oscillator Momentum Moving Avg Momentum MESA Spectrum MESA Phase On Balance Yolume Williams Percent R Relative Strength Index Fast Stochastic Slow Stochastic Modified Stochastic Volume Open Interest Variable Accum Distr Volume Accumulation Osc Historical Volatility Implied Yolatility Using Icons Il Tu PS Left Click the Split Chart Icon By default the new Split Window is selected Left Click the Add Study icon Bl Select the appropriate study Using the Context Sensitive Menu e e Right Click the Chart Select Add Split for Study Right Click inside the new Split Window Select Add Study Left Click the Appropriate Study Using the Main Menu 1 Left Click Study in the Main Menu 2 Select Add Study in the Study Menu 3 Left Click the appropriate Study name in the new menu Using a Dot Command 1 Type split lt enter gt 2 Type the proper dot command and hit enter The dot commands for each Indicator can be found in Appendix A Removing Indicators The processes for removing Studies and Overlays are similar Aspen offers a couple of methods for removing Indicators Using Icons 1 Select the Chart or Split Window by Left Clicking the Numerical Scale 2 Left Click the Remove Study icon 3 Left Click the appropriate study name to remove it El e Bar Chart MACD Volume TD Lime Using the Context Sen
209. ra a ta ta a a 82 A Ma 2 YeReply wth chana i Al v fe QOMASTERIQUOTE SPHSYMB LAST NET X A 6 C D Ce TT E H 1 SPM2 1091 8 16 3 2 4 3 ES 5 6 4 The order in which elements are selected for the link is important The elements will be displayed on the spreadsheet from left to right in the order selected This is an indivisible array the fields cannot be rearranged once the array is pasted into Excel Carefully plan how the link should be viewed Hint Select SYMB as the first element of the link This will aid in identifying which symbol the data is associated with History Exporting Historical Data from Aspen Graphics to Excel To access Aspen Graphics historical database within Excel a History link can be created The History link differs from the Quote link The output can contain up to 4000 periods of data in one link To create a historical link 1 Enter the Symbo1 to be linked to the spreadsheet 2 Select the Interval or time base for the historical data to be exported 3 If Intraday is selected specify the number of minutes for each interval in the Span field The number entered in the span field is the same as choosing a time frame in a chart For example a 15 entered in the Span field would export 15 minute data into Excel 4 Choose the Start Date and End Date for your link in mm dd yy format Or instead enter a number into the Periods field to have a rolling link that will
210. re placed above the bars during down trends At first these stops are set loosely so that you will not be stopped out by the minor volatility of a change in trend As the trend continues the stops are tightened up in the direction of the trend using an acceleration factor This factor begins at 02 and increases by 02 to a maximum acceleration factor of 2 This acceleration formula is hard coded into the Aspen Graphics software and cannot be changed by the user Once the price penetrates a stop a new series of Parabolic trailing stops begins on the other side of the price activity and continues until 1t is penetrated by price In the chart below ots sloping down above the bars are the trailing stops for a short position starting on Sept 6 On October 18 the stop is penetrated by price an indication that the position should be reversed A new series of SAR points begins building below the bars Default Parameters Settings Field Value Accelerator 0 020 Color Green Graph Dots Limit 0 2 Line Style Solid Line Width 1 pixel Figure 46 Custom Aspen Graphics Formula Because Aspen Graphics has no Parabolic function and a custom Parabolic study cannot be written as a formula in the Formula Listing menu no color rules or alarms can be set on Parabolics Color Rule Example We cannot use the results of the Parabolic function directly in a formula or color rule but we can use the valu
211. rint Setup Logout Exit Ready the Quote Window for Formatting Display the quote window s menu by right clicking the mouse button then left click on Modify Layout Aspen Graphics for Windows 1 le Edit View Format Quote Tools Window Help Ei SAG amp 2 imea ORR Edit Symbols Clear All Symbols Option Parameters Edit Cells v Align Strikes Lock Yolatility Option Books Format Three things happen a gray grid appears on the quote window an red cursor fills the upper left cell of the grid and the menu is displayed File Edit View Format Quote Tools Window Help cda SG ttre ORE Quote3 Clear Cell Clear Group Clear All Left Justify Right Justify Fill Down Fill Right Scroll Down Scroll Right Format Rows Format Columns Exit Modify Mode Format The window is now ready to be formatted with quote codes Format the Quote Window using the Code Menu Left click Quote Code List on the Quote Window Menu see above This displays the Quote Code List of available field variables for use in quote windows Left click on SYMB it s in the first column about half way down Quote Help x Dec Inc Cust EXCH TIME BIDSIZE BASKSIZE ASK3 CLTIME EXDESC TIME1 ASKSIZE BASKX ASK4 CLTIME1 UPDOC TIME2 VOLUME BASKTIME ASKS CLTIME2 TIMES UVOL BID2 ASK6 DESC TIME4 DVOL BID3 ASK7 DOLLARS ASK TIMES TVOL BID4 ASKSIZE2 CURRENCY BID TIMES TICVOL BIDS ASKSIZE3 EXPIRE CLOSE TIME TICVOL1 BID6 A
212. riods highest high in n periods 10 10 06 287 Default Parameters Settings Custom Aspen Graphics Formula f Field all Value PerCentR series 100 RMAX 1 HIGH 10 1 CLOSE RMIN 1 LOW 10 RMAX 1 HIGH 10 This formula when entered in the Formula Listing allows you to use the Williams R study in color rules and alarms as shown in the following examples Color Rule Example if PerCentR 1 lt 80 clr_green if PerCentR 1 gt 20 clr_red clr_yellow This three part color rule will turn a bar green when the Williams R value is under 80 red when the Williams R value is over 20 and all other bars will turn yellow Alarm Example 288 chart PerCentR dm lt 80 or PerCentR dm gt 20 1 60 1 100 1 1 This alarm will trigger when the Williams R value is below 80 or above 20 The alarm is based on hourly bars for the front month of Deutschemarks Color Yellow Graph Line Line Style Solid Line Width 1 pixel Period 10
213. rkspace 2 Select Tools 3 Left Click Formulas Using the Main Menu 1 Left Click Tools in the Main Menu 2 Left Click Formulas in the Tools Menu Using Dot Commands 1 Type form lt enter gt The Formula Editor Save and Delete New Compile File Reset PYoli Formw a Edito iol xj P oli series begin retval 1 volume 1 if 1 volume gt 1 volume 1 then begin retval pvoli 1 1 1 close 1 close pvoli 1 end retval end o New Clears the current formula from the screen o Save and Compile Opens the Save Dialog and compiles the formula o Delete File Deletes the formula from the file folder o Reset Resets the cursor position in the Formula Editor Example Formula The following example outlines the steps used to write a generic formula one that can be used with any symbol for an instrument s average true range over 10 periods To enter a new formula using the Formula Editor follow these steps Display the Formula Manager Left Click the New Formula Icon to display the Formula Editor Enter the name for the formula AvgTrueRange Press the key Select a function to use for the average This example uses a Simple Moving Average Enter the following 7 Now enter the parameters for the savg function Remember to surround the parameters with parenthesis Use the true range quote code trange and specify 10 for the number of periods 8 AvgTrueRange savg 1
214. rmat Tools Window Help Se ao amp DTN Explorer Alarms Color Rules Formulas Hot Keys Currency Crossrate Setup Options Reindex The DDE Link Generator Helper Dialog box will appear Create the desired link as outlined in the segments above and then start Microsoft Excel Highlight the cell into which the link will be pasted If you selected more than one quote or option element select the left most cell in which you want the link to begin If you created a history link select the cell which will be the upper left corner of your array Click on the second custom Aspen Graphics button in Excel the DDE clipboard IINE Creating a Symbol using DDE The Personal Stand Alone Edition and Server versions of Aspen Graphics allow the users to define a custom symbol and then import data for that symbol into the Aspen Graphics data files There are several benefits for creating a custom symbol to do this o Track a basket of instruments and calculate the P amp L of that basket in Excel Aspen Graphics charting capabilities can then graph the performance of that basket just as an equity or index o Chart data that isn t offered by the data provider like total open interest or volume for a commodity o Spreadsheet contains data from some external source and you would like to view that data in Aspen Graphics o Results of formulas created in Aspen Graphics can only be displayed as a line d
215. rs follow in parenthesis Absolute Value abs l qty Standard Deviation dev spm8 10 Instrument periods shift Function What lt Syntax Example Required Parameters the highest value in range ending bar a range Disttomin Distance in bars to disttomin ibm low 1 9 Instrument starting bar of the lowest value in range ending bar a range Floor number or A number or an expression that portion of a number expression evaluations to a number Frac Returns the Frac number or A number or an expression that fractional portion of expression evaluations to a number a number 0 Disttomax Distance in bars to disttomax ibm high 1 9 Instrument starting bar of Natural Logarithm log 1 1 last Instrument Base 10 Logarithm log10 1 xtime Instrument group group defined range range ending bar defined range range ending bar the last number periods Rmin Lowest value over rmin spm8 low 50 Instrument periods shift the last number periods Rsum Sum of the values rsum spm8 50 Instrument periods shift over the last number periods Scale Units number of scale jy 100 Instrument units or other decimal places in instrument with the same units which a quote is you want to use displayed NOTE The Scale function is used in quote windows or quote pages but not in charts Square Root sqrt 1 xdays listed IF Conditional if 1 prev lt 1 low
216. ruments that may be traded outside of market hours Calculate on each Tick Enabling this causes Aspen to rebuild the current bar with each Tick Disabling it causes Aspen to wait until the bar is completely built before updating the bar Span gaps with Last Price Used Toggles the display of the last bars data over weekends and holiday gaps Display all of the trading times of all of the symbols Creates a time scale that is an intersection of trading hours or a period when the trading hours of the instruments in the formula overlap Save As Default Sets the current options as the default display for each new chart created Chart Properties General Scale Data Colors Continuations Seasonal Background Grid Lines Scale Border Description Label Cursor Date Time Cursor Backgrounc Restore Default Colors Cancel Background Displays the color picker for changing the Background color Grid Lines Displays the color picker for changing the Grid Lines color Scale Displays the color picker for changing the Price and Time scale colors Border Displays the color picker for changing the border color of the chart Description Displays the color picker for changing the symbol name on the chart Label Displays the color picker for changing the color of the current price highlight Cursor Date Time Displays the color picker for changing the color of the cursor s date
217. s command quickly removes all the trendlines currently displayed on the chart Using Icons 1 Enter Trend Mode 2 Left Click the Delete All Lines icon 3 Exit Trend Mode Using the Context Sensitive Menu Enter Trend Mode Right Click the chart Left Click Delete All Exit Trend Mode PRI Using the Main Menu 1 Enter Trend Mode 2 Left Click Trendlines in the Main Menu 3 Left Click Delete All in the Trendlines Menu 4 Exit Trend Mode Annotating Charts Aspen Graphics allows users to add their own annotations to charts This is particularly useful if the charts are being used for publication or distribution Aspen offers a number of options when displaying text on a chart These include textbox graphics font colors and more US Hon Farm Payroll Figures Entering Text Mode In the same way that Aspen needs to be in trend mode to add trendlines Aspen also needs to be in text mode to add text Using the Context Sensitive Menu 1 Right Click the chart 2 Select Draw Text 3 Left Click Text Mode Using the Main Menu 1 Left Click Text in the Main Menu 2 Left Click Text Mode in the Text Menu Adding Text Text Mode in Aspen Graphics will place the text inside a textbox The textbox is anchored to a position in the chart during creation The position may be on a bar or any other position in the chart Using the Context Sensitive Menu 1 Enter Text Mode 2 Right Click the chart
218. s we can have buy sell or hold indications appear dependent on market conditions Displaying text instead of values as the result of a formula is achieved by enclosing the text in single quotation marks My Text There are a number of additional parameters which can follow the text each separated by the pipe symbol The parameters are Parameter Result Above Draws the Text above the chart Below Draws the Text below the chart Horizontal Draws the Text horizontally Vertical Draws the Text vertically FTiny Sets the font size to Tiny FSmall Sets the font size to Small FNomal Sets the font size to Normal FBig Sets the font size to Big Arrow Displays an arrow indicating the bar the text is associated with Clr_Black Displays Black Text Clr_Blue Displays Blue Text Clr_Cyan Displays Cyan Text Clr_Gray Displays Grey Text Clr_Green Displays Green Text Clr_Orange Displays Orange Text Clr_Pink Displays Pink Text Clr_Purple Displays Purple Text Clr_Red Displays Red Text Clr_Violet Displays Violet Text Clr_White Displays White Text Clr_Yellow Displays Yellow Text Examples Sell clr_green ftiny below arrow vertical Sell clr_red ftiny above arrow horizontal Multi Line Formula Examples In the first example we need to display the points at which a short term moving average crosses a long term one At first the point at which lines cross might appear to be when the values are equal
219. same as Units on Superquote Exchange on which the instrument will trade for synthetic symbols based on real symbols use the exchange for the real symbol Type of Instrument stock future option index Only for interest rate futures subtracted from 100 Currency in which the instrument trades Dollar value of a one point move same as Dollars on Superquote Base volatility at the money optional Minimum number of ticks per trade For example if the symbol scale is 01 but the smallest uptick or downtick is 05 the minimum tick would be 5 with the Scale set to 01 Most of the time this setting is 1 Expiration date of the symbol for future or option symbols only Symbol Description Scale Exchange Type Base 100 Currency Amount Pt Volatility Minimum Tick Expiration Session start and ending times and time zone of exchange left blank these will default to the exchange entered above Trading Hours Examples Corn_Oi CBOT Corn Total Open Interest 01 l 1 etc CBOT Future leave blank US Dollars 50 leave blank 1 12 31 07 for futures or options leave blank for other types leave blank If the symbol Type is entered as an Option the additional fields of Strike Price Underlying Symbol Strike Scale minimum strike units Put Call and Option Type whether or not early exercise is allowed American or exercise is only allowed at expiration European must also be entered
220. shed lines until price penetrates them and is preceded by a qualified bar Retracement levels are calculated as follows from a low bar refer to the last time a lower bar appeared and select the highest high between these two points and subtract the difference between those two points or from a high bar refer to the last time a higher bar appeared and select the lowest low between these two points By placing the cursor on these lows or highs and by selecting the desired Retracement settings the levels are presented graphically The Thom Demark Relative Retracement is an add on subscription feature This feature will appear as disabled unless it is purchased A Left Click is assumed to refer to the high low open or close of a displayed bar Aspen locates the nearest such point and uses it as the exact reference point Aspen finds the horizontally nearest bar column then chooses the vertically nearest reference point within that column Using Icons 1 Enter Trend Mode 2 Left Click the TD Rel icon E 3 4 Exit Trend Mode Left Click the bar to draw the retracement from Using the Context Sensitive Menu TR O n Enter Trend Mode Right Click the chart Left Click TD Rel Retracement Left Click the bar to draw the retracement from Exit Trend Mode Using the Main Menu AL e US Enter Trend Mode Left Click Trendlines in the Main Menu Left Click TD Rel Retracement in the Trendlines Menu Left Cl
221. sitive Menu 1 Right Click the Chart or Split Window 2 Select Remove Study 3 Select the appropriate study name from the new panel Using the Main Menu 1 Left Click Study in the Main Menu 2 Select Remove Study in the Study Menu 3 Left Click the appropriate Study name in the new menu Removing Split Windows Split Windows can also be removed When a Split Window is removed all of the Studies contained in the Split Window are also removed Aspen offers two methods for removing split windows Using Icons 1 Select the Split Window by Left Clicking its Numerical Scale 2 Left Click the Remove Split icon Using the Context Sensitive Menu 1 Right Click the Split Window 2 Select Remove Split Using the Main Menu 1 Left Click Chart in the Main Menu 2 Left Click Remove Split in the Chart Menu The Study Dialog The Study Dialog presents a convenient organization of indicators The Study Dialog provides a user friendly method for managing Study and Overlay indicators All available indicators are conveniently located and easily managed The Study Dialog features an Explorer Style Navigation Panel and Filter controls Replace Study Add Stud Study Explor Add Study Add Study to New Split to New Bloomberg DeMark Formulas Kase MESA Options Recently Used Standard Filter Dialog Acceleration Accum Dist Osci Average Balance Average Directio Bar Chart Bollinger Bands B
222. spen Graphics into Excel oooooonnocccinncccnoncccnonnccnnnnnss 195 History Exporting Historical Data from Aspen Graphics to Excel eee 197 Options Exporting Theoretical Values and Volatility Data from Aspen Graphics A E tae saets obser ae 198 Formula Exporting an Aspen Graphics Formula to the Spreadsheet 199 Initiate a DDE Link from within Aspen Graphics oooooccnoccconcccnoonccononaconanannnnncnnnnos 199 Creating Symbol usina DDE Curreri AS 200 Importing Data from Excel to Aspen Graphics ooonocccnoccnocnconncnoncnannnonnnononcnononnnnnnnn cons 202 Importing Static historical Data from Excel into Aspen Graphics 202 Import Live Data using the Aspen GraphicsTick Functi0N ooocononcnnononicnnonncnos 203 A A ne Rept et oe eRe E Sere eT bec een 205 Displaying a Formula Value as a BAR Chart intraday oooooccnonccnocononcnannninnnonnnonns 205 Displaying a Formula Value as a BAR Chart Dally ooonoccnocccocccnncnnonncnonanannninnnon 207 Creating a Database im ExCel x cag oa 208 Charting a Portfolio in Aspen Graphics Using DDE ooonoccconcccnonuccconnncnnnnncnnnnccnnnos 211 Appendix A Custom Page Walk Through ooonncccnnnocinonccononcccnoncnonnnccononncconnncconnnccinnnos 213 Creatine a Custom Paranoia ici ae seatone 213 Create a Quote WindOW cccccccccccsssssssecececececsessnsecececececeeeensnsecececeesesenentsaeeeseceens 214 Ready the Quote Window for Formatti
223. ssign this macro to a newly created button on a toolbar To further automate the process assign the macro to a shortcut key Go to Tools gt Macro gt Macros select the macro select Options and enter the desired key into the Shortcut Key field Charting a Portfolio in Aspen Graphics Using DDE This example illustrates the process for building a portfolio or custom index in Excel and then importing the values of the portfolio back into Aspen Graphics for charting 1 Create a live link for the Last price of a symbol in the portfolio 2 Repeat this procedure for each instrument in the portfolio Use Excel math functions to multiply the prices by the quantity of contracts use negative quantities for short positions as well as any other weighting that may need to be applied to each instrument in the portfolio When finished there should be one cell which contains the net value for the portfolio 3 Create a symbol for your portfolio using the information below Symbol Porttolia_1 Description XYZ Portoio 0000 Scale 01 z Exchange Nyse y Type Bosket y l Base 100 Currency Jus Dollars p Trading Hours Start End TZ ds f Session 1 Volatility fo Session2 Minimum Tick fi Session 3 Expiration Date Session 4 Options Strike Price p Underlying Symbol Strike Scale Put Call Option Type e Put Call European American Cancel
224. t Toggles the display of the Current Price Highlight o Value Area Shading Toggles the display of Value Area Shading Includes the TPO s and Market Spectrum o Display Title Bar Toggles the display of the Windows Title Bar o Display horizontal scrollbar Toggles the display of the horizontal scrollbars o Display vertical scrollbars Toggles the display of the vertical scrollbars o Save As Default Sets the current options as the default display for each new chart created o Old Color Scheme Toggles the TPO and Market Spectrum colors between the old and new color schemes Profile Properties General AutoSplitter Colors A P g t Auto splitter Settings Minimum a Break Periods E Days History 20 Cancel o Minimum Specifies the minimum size number of bars of some time unit for each profile Any profile formed will have at least this many bars The Minimum parameter must be greater than zero o Break Periods Specifies the number of periods back from the most recent bar to consider to determine if a new profile has formed and the current profile is complete o Days History The Minimum Increment value determines what is a valid price for the contract Profile Properties General AutoSplitter Colors JAP os Background il i Locked Scale Grid Lines Monochrome TPO Scale Value Area Border OP CL Arrows Description Price Highlight Equivolume Line Init Bal Range C
225. t Click Tic Chart Using the Main Menu S6 Left Click Study in the Main Menu 57 Select Replace Study 58 Left Click Tic Chart Using a Dot Command 59 Type tic lt enter gt Zero Minute Charts Zero Minute Charts plot each trade at the time and price they occur Zero Minute Charts do not have a regular time scale Chart1 Ji Using Icons 60 Select the chart by Left Clicking on the Numerical Scale 61 Left Click the Time Frame Icon 62 Select Tick from the Drop Down Menu Ale 1 Minute 5 Minute 10 Minute 15 Minute 20 Minute 30 Minute 60 Minute Day Week Month D ot Cam Ar Using a Dot Comme Pu 63 Type 0 lt enter gt on any Bar Tic or Candle Chart Line Chart Line charts present another method for analyzing market data in Aspen A line chart plots the closing prices for the underlying symbol and connects consecutive bars with a line S Chart5 x 11700 0 11600 0 11500 0 11400 0 AA Dee Fy 171ZUU U 11100 0 11000 0 10900 0 10800 0 10700 0 10600 0 Nienla inn a lina OL t DI Spiaying a L Ine onart Aspen offers three methods for displaying a Line Chart Using Icons 64 Select the Chart by Left Clicking on the Numerical Scale 65 Left Click the Chart Type Icon 66 Select Line from the Drop Down Menu Bar Chart Candlesticks Point Figure Tic Chart v Line Chart Equitick bars Time based bars Using the
226. t Function To display a study value on a quote page Suppose you want to have the current values of an ADX study displayed on a quote page and you want to specify the following parameters O O O O O 14 periods in the ADX study CalcOn Closing price on a daily bar Nogaps On Day session only In the Formula Editor enter this formula ADX_DAY series chart adx 1 14 1 1 2 100 1 3 Now go to your quote page or window and format the appropriate cell with the following ADX_DAY 1 More details about formatting a formula in a quote page can be found in the following section To set an alarm on a study Suppose you want to be alerted when the momentum on SPZ7 is greater than 0 5 or less than 5 using the parameters below 10 periods in the momentum study CalcOn Closing price of a 60 minute bar Nogaps off All trading sessions displayed Enter an alarm for these conditions as chart mom spz4 10 gt 0 5 or mom spz4 10 lt 0 5 1 60 1 100 0 1 Using more than one time base in a chart If you want to view a study in two different time frames e g to screen out minor trend reversals you can write a study using the chart function and overlay it on the study in your chart To view both an hourly and a daily RSI on the same hourly bar chart Bring up an hourly bar chart Add a Split For Study Add a RSI study in the new Split Window Enter the following formula in the Formula Editor
227. t a list containing decline decimate decry as well as December or Dec To limit your list use the exclamation point limiter after your query Dec returns a list of which includes only the occurrences of Dec o You can recall your previous queries by entering at the command line o News queries are not case sensitive ENERGY would yield the same results as energy o Terms which include the ampersand character must be enclosed in double quotes to be used in a keyword search Ex S amp P Otherwise it will be interpreted as the logical AND operator o There are certain keywords on which Aspen Graphics will not perform a search This exclusion list includes all pure numeric characters common words adverbs and prepositions that generally would not be used as keywords Removing these from consideration saves an enormous amount of processing time and disk space usage Exclusions a m Bln ago etc if said up am Inc all etc in say use cdt inc an for into says versus cst Ltd and from is she was edt ltd as go it some what est Min at goes its than when et Pct be had might that where mdt Per but has not the while mst Pts by he of them why p m via can her off they will pdt vs did his only till yes pst down how or to told There is also an inclusion list for keyword searches which is composed primarily of alphanumeric combinations that would normally be excluded from indexing Inclusions 1day 28day lweek 3m
228. t by going to FILE gt NEW WINDOW gt CHART Quote News Open Window Equity Close All Time and Sales e Clock Price Volume Option Chart Volatility Skew More Print Print Setup Logout Exit e Perform this step twice This places two charts on the screen partially covering the quote window Format the Charts e Drag the charts into the layout as shown below by left clicking and dragging their title bars The quote window becomes visible and the tops of the charts align with the bottom of the quote window JACCI cs Sesson OPEN 5 24PM EDT e Resize each chart by dragging the bottom of each chart up so it is just below the middle line of the grid on the blue background e Set the time frame of the right hand chart to daily bars by right clicking in that chart to display its menu and selecting TIME FRAME gt DAY Add a Symbol to the Charts and Quote Windows To add a symbol to all of the windows on the screen type a backslash 1 before the symbol For example typing sp will add the front month of the S amp P futures to the quote window and both chart windows simultaneously p phics for Win MES File Edit View Format Study Trendlines Text Tools Window Help CAME SB FREAD Bt tl Alee into x B Your page now displays data for the S amp P futures in all three windows Add a News Window to the Page Add a news window by left clicking on File gt New Wind
229. tes from the Aspen Graphics display Opening Windows Open an Aspen Window by left clicking on File and select Open Window This launches the Window Manager Aspen Graphics for ES Edit View Format C New Window gt Open Open Page Open Window Close All Save Page Save Page As Save Window Save Window As Export Print Print Setup Logout Exit 1 SUPERQUOTE 2 myQuotePagel 3 SI_Empty 4 day majors 3 CurrencyCrossrates 9 SUPERQUOTE Window Manager Window Manager Tool Ba reo mx 49 fF O DEP e E o A E M F Options Price Volume Quotes Templates myQuotes myWindows Folders CBOT Charts Clocks Headers Info Metals New Folder News 1 Chart_Header Window File Window Manager Tool Bar Open Window Rename File New Folder Clear Screen Import File Delete File Delete Folder Refresh Open Window Opens the selected Aspen Window file Import File Allows the user to import existing Aspen Window files from directories other than the windows directory Rename File Allows the user to rename the file in the Page Manager Delete File Sends the selected file to the Recycling Bin New Folder Creates and names a new folder in the pages directory Delete Folder Deletes the selected folder Refresh Refreshes the Page Manager contents Clear Screen Removes charts or quotes from the Aspen Graphics display Ch
230. tes the time at the point the textbox was initially positioned This time may be changed here o Save As Default Sets the current options as the default display for each new chart created Displaying the Text Parameters Using the Context Sensitive Menu 1 Enter Text Mode 2 Right Click a Text item 3 Left Click Parameters 4 Apply changes 5 Exit Text Mode Using the Main Menu 1 Enter Trend Mode 2 Left Click a Text item to select it 3 Left Click Text in the Main Menu 4 Left Click Parameters in the Text Menu 5 Apply changes 6 Exit Trend Mode Quotes Quotes differ from charts in that the offer no historical data Unlike charts however quotes are capable of displaying more information than simple high low open and close values Quotes can also be configured to display in a ticker type display Quotes are not limited to the codes directly supported by Aspen Formulas can also be displayed in quote windows Quote Properties Dialog Quote Properties o Display Title Bar Toggles the display of the Title Bar for the selected Quote Window Quote Properties General Colors Background i Symbol Alternate BG Locked Grid Lines High Cursor Low Text True Highlight Cell False Highlight Text Label Restore Default Colors Care _ Background Displays the Color Picker for changing the Background color of the Quote Window Alternate BG Displays the Color Pi
231. test your alarm after creating it to ensure that it is evaluating your criteria properly If more than one alarm is triggered before the alarm window is cleared off the screen they will be stacked on top of one another The number of alarms that can be displayed at one time depends on the font size settings the smaller the font size the more alarms that can be displayed simultaneously psalms ee x TA Chart Short_Test sp 1 1 2 100 Ext Short Position on S amp P 117 16 50 03 Short_Test sp 1 1 2 100 Exit Short Position on S amp P gt 11 7 16 50 06 Exit Short Position on S amp P Limitations on Setting Alarms o There is a maximum of 299 alarms that can be defined in any one session of Aspen Graphics o There is a maximum of 256 characters per command o Activating many alarms that utilize the Chart Function could slow down system performance if they are very math intensive This may be alleviated somewhat by adding a mem clause e g mem 12336 to the Target line of the icon which launches the Aspen Graphics program Contact a support technician for assistance in adding this clause The Alarm List Dialog xi Chart Lona Test so HWM 11 1 2 100 1 11 1 and CI Chart Long_Test sptt 11 1 2 100 1 1 1 and C Chart Short_Test sp 1 1 2 100 1 1 1 and Cl Add Chart Short_Test sp 1 1 2 100 1 1 1
232. the Average Balance Volume study and the signals to be derived from it are identical to the On Balance Volume study See the On Balance Volume study later in this Studies chapter Type of Study Keyboard It works best in Command Activity Indicator abv Cash and Futures markets which are active all time frames Table 3 How Aspen Graphics Calculates It The Average Balance Volume study is calculated as follows Simple moving average of the On Balance Volume Just like the On Balance Volume the Average Balance Volume study uses an arbitrary positive integer as a starting point for the calculations For this reason the Custom Aspen Graphics Formula may not have the same value as the Average Balance Volume that is preprogrammed in Aspen Graphics the extent of your database may also have an effect on this value The shape of the graph however should look the same As mentioned later in the On Balance Volume section the shape of the line is the most important aspect of these studies Default Parameters Settings Color Yellow Graph Line Line Style Solid Line Width 1 pixel Period 10 Custom Aspen Graphics Formulas OBVol series if 1 close gt 1 prev obvol 1 1 volume if 1 close lt 1 prev obvol 1 1 volume obvol 1 ABVol series savg OBVol 1 10 These formulas once entered in the Formula Listing allow you to use the Average Balance Volume study in color rules and alarms as shown i
233. the Window Manager to open it Double Click the appropriate Aspen Window file to open it Close the Window Manager D r e Using the Main Menu Left Click File on the Main Menu Left Click Open Window Left Click the Quotes folder in the Window Manager to open it Double Click the appropriate Aspen Window file to open it Close the Window Manager e ee Displaying a Quote Grid Window Quote Grid Windows displays quote information in rows Each row contains the Open High Low Net Change and Last for each symbol entered A Quote Grid Window uses the Format Rows format 3 Quote Using Icons 1 Left Click the Quote icon HB 2 Left Click Quote Grid from the Quote Drop Down Menu Using the Context Sensitive Menu 1 Right Click a portion in the Aspen Graphics Workspace that does not currently contain an Aspen Window 2 Select New Window 3 Select Quote 4 Left Click Quote Grid Using the Main Menu 1 Left Click File from the Main Menu 2 Select New Window 3 Select Quote 4 Left Click Quote Grid Displaying a Quote Board Window Quote Grid Windows displays quote information in columns from left to right Each column displays the symbol s Open High Low Net Change and Last for each symbol entered A Quote Board Window uses the Format Columns format E Quote6 Seles 62 40 62 46 62 01 Using Icons 1 Left Click the Quote icon Met 7 2 Left Click Quote Board from the
234. the Windows Taskbar left click on Search and then Files or Folders Programs E Cy Documents I For Files or Folders e On the Internet 2 Using Microsoft Outlook AY For People stat COFRE AS On Step 2 Enter qmaster xlb in the Named field of the dialog box and then left click on Search Now lolxi File Edit View Favorites Tools Help de Back 27 Qssearch GyFolders History as lx Edy address 2 Search Results GO Search 7 x CE New 2 Search for Files and Folders Search for files or folders named qmaster xlb Containing text Look in amp Local Harddrives C X l gt 1 object s 4 As COAT RM HS En as piw ro Stop Search Step 3 Double left click on qmaster xlb when it comes up in the window on the right side Note the path to where this file resides usually c apex msexldde as in the example above Step 4 Start Excel Left click on View gt Toolbars From the Toolbar menu select Aspen Graphics DDE Tools E Microsoft Excel Book1 E File Edit View Insert Format Tools Data Window Help noe E A E Normal Deua Page Break Preview oroa E A 8 zj Bata Toolbars E Standard Arial Formula Bar E Formatting Zoom Borders Chart E fe lt Control Toolbox Drawing Exit Design Mode External Data
235. to the front month CBOT corn futures contract SP 2 requests the 2 expire out for the S amp P futures contract The is used to display a list of futures contracts The sign lists ALL currently trading contracts for the specified future if used alone or can be limited by placing the number of contracts desired after the For example C will list all of the currently trading corn contracts NG 12 will list the first twelve Natural Gas contracts Drag and Drop It is possible to drag and drop a symbol from one window into another window Simply click and hold down the left mouse button on the symbol until a small rectangle appears at the base of the mouse pointer When the rectangle appears keep holding down the left mouse button as you drag the mouse into the destination window then release the mouse button Clearing the Screen The Clear button C on the toolbar will remove everything displayed on the screen taking you back to the blue screen with a black grid Turning off hiding Title Bars Title bars can be hidden by going to TOOLS gt OPITONS gt and selecting the Miscellaneous tab Clear the check mark from the Display title bars on all windows checkbox This makes for a cleaner looking display so more of the available space on a page is devoted to displaying data The title bar will reappear when you pause your mouse near the top of a window or page CHARTS Tables When looking at a chart it is possible to
236. tor frames and all market conditions How Aspen Graphics Calculates It Variable Accumulation Distribution is Close Open Volume High Low Once this is calculated a moving average of this value is taken It is this moving average that is charted as the Variable Accumulation Distribution study Default Parameters Settings 282 Field Value Color Yellow Graph Line Line Style Solid Line Width 1 pixel Period 10 Custom Aspen Graphics Formula VADist series savg 1 volume 1 close 1 open 1 high 1 low 10 Once this formula is entered in the Formula Listing the study may be used in color rules and alarms as shown in the following examples Color Rule Example if V ADist 1 gt 0 clr_green clr_red This color rule will turn a bar green when the Variable Accumulation Distribution study has a positive value and will turn a bar red when the value is negative Alarm Example chart VADist kc gt 2000 1 1 2 100 1 3 This alarm will trigger when the Variable Accumulation Distribution study has a value exceeding 2 000 based on daily bars of the front month of coffee Charting Setup Idea Oscillators like the Variable Accumulation Distribution study are sometimes graphed as histograms rather than as line charts To draw this study as a histogram see the Charting Setup Idea section at the end of the Acceleration study section Volume Volume measures the activity on an instrument
237. trange 10 9 Left Click the Save icon 10 Left Click a folder name to save the formula in 11 Name the file AvgTrueRange 12 Click Ok ao e o a Embedded Formulas This shows how a previously defined formula called AvgTrueRange can be used or embedded in another formula in this case AvgTrueRange is embedded in a formula called range_form range_form AvgTrueRange 1 1 recent 2 Reference to Past Bars This shows how a past value can be used in a formula using the square brackets Within the brackets type the desired number of bars back that you want to use in the calculation 1 is the value one bar back 2 is the value two bars back etc avg_volume 1 volume 1 volume 1 1 volume 2 3 Self Referencing Formulas This shows how a formula can make reference to itself In this case the current volume is added to the formula s previous value volAccumulator 1 volume volAccumulator 1 Formulas to be Charted Custom Indicators The following are examples of formulas you intend to chart or custom indicators MidTickAvg input eavg l avgtick 14 Overlay MFI_ series 1 high 1 1ow 1 volume Study Aspen Graphics has two categories of indicators Overlays and Studies Overlays are indicators which share the same scale as the price data Moving averages are a good example of an overlay indicator It makes sense to overlay a moving average on a bar chart or candlesticks beca
238. ules and alarms as shown in the following examples Color Rule Example if CumVol 1 gt CumVol 1 1 and CumVol 1 1 gt CumVol 1 2 and CumVol 1 2 gt CumVol 1 3 clr_green if CumVol 1 lt CumVol 1 1 and CumVol 1 1 lt CumVol 1 2 and CumVol 1 2 lt CumVol 1 3 clr_red clr_yellow This three part color rule will turn a bar green when the Cumulative Volume has increased for three consecutive periods it will turn a bar red when the Cumulative Volume has declined for three consecutive periods and it will leave all other bars yellow Alarm Example chart if CumVol sp gt CumVol sp 1 and sp lt sp 1 or CumVol sp lt CumVol sp 1 and sp gt sp 1 1 1 30 1 100 1 3 This alarm will trigger when the direction of the Cumulative Volume line is diverging from price action The alarm is based on 30 minute bars of the S amp P s Charting Setup Idea The Cumulative Volume study can sometimes appear as a type of oscillator It can like other oscillators be graphed as a histogram rather than as a line chart To draw this study as a histogram see the Charting Setup Idea section at the end of the Acceleration study Directional Indicator DMI The Directional Indicator is used to determine if the market is in trend mode This makes it one of the few studies that doesn t simply follow a trend but identifies the presence strength and direction of a trend It is often referred to as the DMI Ty
239. und Specifies the Background Color o Text Specifies the Text Color o Cursor Background Specifies the color for the Cursor o Cursor Text Specifies the text color for the Cursor The Cursor is the time containing trades o Highlight Shadow Specifies the color for shadowing text o Heading Specifies the text color for the Heading o Lines Specifies the line color o Strike Specifies the color of any canceled trades Displaying the Time and Sales Property Dialog Using Icons 1 Left Click the Properties Icon Using the Context Sensitive Menu 1 Right Click a Time and Sales Window o Left Click Properties Using the Main Menu 1 Left Click on Time and Sales in the Main Menu 2 Left Click on Properties in the Time and Sales Menu Formulas Formulas allow users to create their own studies where the do not exist by default and can also be used in writing complex alarms and color rules They can also be used to replace complex syntax when entering multiple symbols on a chart A final use would be to have text appear either on a chart to indicate Candlestick formations or on a quote page advising of Buy Sell or Hold conditions The Parts of a Formula Formulas have three parts a name an equal sign and an expression Example 21DayHigh rmax 1 high 21 Formula Name Equal Sign Expression Formula Names can be as descriptive as you like You may use up to 19 characters and a
240. ursor Values Cursor Backgrounc Restore Default Colors Background Displays the Color Picker for changing the Market Profile Background color Grid Lines Displays the Color Picker for changing the background Grid Lines for the Market Profile Scale Displays the Color Picker for changing the colors of the numerical and time scales Border Displays the Color Picker for changing the color of the borders Description Displays the Color Picker for changing the color of the symbol description Equivolume Line Displays the Color Picker for changing the color of the Equivolume Line Cursor Values Displays the Color Picker for changing the color of the values displayed in the Market Profile cursor window Cursor Background Displays the Color Picker for changing the color of the Market Profile cursor window Locked Scale Displays the Color Picker for changing the color of the numerical scales when the scales have been changed from their default values Monochrome TPO s Displays the Color Picker for changing the color when displaying Monochrome single color TPO s o Value Area Displays the Color Picker for changing the color of the Value Area shading o OP CL Arrows Displays the Color Picker for changing the color of the Open and Close price arrow indicators o Price Highlight Displays the Color Picker for changing the color of the Current Price Highlight o Init B
241. use its values are related and very close to the price data Studies refer to the group of indicators which have their own scale Volume is a good example of such an indicator An instrument s volume is usually very different from the underlying symbol s price as in the case of an equity which trades in the 17 to 18 price range and has a volume of several hundred thousand shares If study is placed in the same window as a chart in most cases this will flatten the chart making it difficult to read A custom indicator is written in the same manner as writing a formula using the Formula Editor with one exception The category the indicator will be used in must be specified as an overlay or a study If the indicator is to be viewed as an overlay insert the word input in parenthesis after the formula s name as in this example MidTickAvg input eavg 1l avgtick 14 If the indicator is to be viewed as a study insert the word series in parenthesis after the formula s name as in this example MFI_ series 1 high 1 low 1 volume Displaying a Formula on a Chart There are two approaches used when charting a formula Formulas with the input or series keywords are used with a chart of an instrument Formulas with neither keyword may be charted without placing an instrument on the chart Formulas with No Keywords 1 Bring up a chart 2 Type the name of the formula 3 Press lt enter gt AN If the formula w
242. used to display a Gann Square Using Icons 1 2 Left Click the Gann Square icon e 3 4 Exit Trend Mode Enter Trend Mode Left Click a point on the chart to draw the square from Using the Context Sensitive Menu a ee n Enter Trend Mode Right Click the chart Left Click Define Gann Square Left Click a point on the chart to draw the square from Exit Trend Mode Using the Main Menu 1 2 Enter Trend Mode Left Click Trendlines in the Main Menu 3 Left Click Define Gann Square in the Trendlines Menu 4 Left Click a point on the chart to draw the square from 5 Exit Trend Mode Gann Squares Options Dialog Use the Gann Squares option to set various Gann Square properties including Display Mode Mesh Size Time and Price Units Gann Options Gann Square Gann Angles Y Display Grid Mode Mult Grid Begin Date amp Time 313 06 5 00 Begin Price 63 0750 Mesh Size 125 Time Units f Days y Price Units 0 1400 Cancel Ar Display the Gann Squares Options Dialog using one of the following methods Using Icons 1 Enter Text Mode 2 Left Click the Gann Options icon cc 3 Apply changes 4 Exit Trend Mode Using the Context Sensitive Menu Enter Trend Mode Right Click the Chart Select Options Select Gann Apply Changes ei all cele ao 6 Exit Trend Mode Using the Main Menu 1 Enter Trend Mode 2 Left Click Trendlines in the Main Menu 3 Select
243. utures but the same steps apply to any Aspen Graphics or custom formula in your system 1 2 Display the Formula tab of the DDE Link Generator Dialog Box In the formula line type in the formula CN2 CZ2 then click on the Copy Link button The next step is to create a symbol so that you can pipe the spread values back into Aspen Graphics To do this click on the lightening bolt icon on the DDE toolbar to display the Create Symbol DDE Helper box Enter the following information into the dialog box x Symbol Jcom_spread Description Puy Dee Scale 1 8 pe Exchange eon y Type Spread y I Base 100 Currency US Dolas y r Trading Hours 4 Amount Pt a Sentra E Volatility jo Session 2 lr poo y Minimum Tick ll Session 3 os W Expiration Date a Session 4 Dptions Strike Price o Underlying Symbol Strike Scale 1 y Put Call r Option Type le Put Cal Es European American Cancel dl 3 In the worksheet which contains the spread formula select an empty cell and insert the Aspen GraphicsTick function following the parameters below 4 In the Symbol field enter the name of the symbol created Left click in the Price field and then left click on the cell which contains the spread link This enters the cell reference into the Price field The other fields are optional and can be left blank 5 Click on OK LINEST Y X Y AspenTick corn_spre
244. vious opening Optime4 is the time of the fourth previous opening The previous day s settle price The most recent trade Sbase Sext Strike Symb TicVol TicVoll TicVol8 Time Timel Time8 Trade TradeSize Tradetime Tradex Trend Tvol Type Tzone Units Uvol Volume XMonth Instrument symbol Base or Root Instrument symbol Extension Option strike price The instrument you are quoting on the quote page Volume of the last tic TicVoll is the volume of the previous tic TicVol8 is the volume of the eighth most previous tic Time of the last trade Timel is the time of the previous trade Times is the time of the eight most previous trade Value of the last trade Volume of the last trade Time of the last trade Source of the last trade Trend of the last trade Total volume of the instrument today Instrument type Time zone in which the instrument trades Trading units of the instrument Number of upticks or stock volume on up trades Number of tics or shares of stock traded during the period The month the contract expires Clocks Aspen offers sever clock features Clocks in Aspen are treated as any other Aspen Window and can be displayed in Analog Digital and Text modes Clock Toolbar 12 Hour Analog Text Format Clock Clock en erg 12 24 5 100 THT 24 Hour Digital Format Clock 12 Hour Format Modifies the selected clock to dis
245. w 34 Europe 15 Tehran 35 Western Australia 16 Baghdad 36 Central Australia 17 Dubai 37 Sydney Australia 18 Bombay 38 Paris 19 Calcutta 39 Amsterdam 20 Bangkok 40 Customer Defined o Price Volume Price Volume is Aspen s implementation of Market Profile Price Volume requires a subscription This fee is charged by the CBOT for use of Market Profile Market Profile includes volume bars as well as TPOs Please contact your Aspen Sales representative for information regarding Market Profile subscription fees v y v UVW TUVWXb TUVWKabe TUVW abe TUXabe TUXabe pp TUab TUab Tab Ta T T T Market Profile Anatomy Volume Scale Spectrum TPOs Profile a Close Last Initial Price Balance Equivolume Value e Area Open Price Price Scale Time Scale Close Last Price This green arrow indicates the close or last price Equivolume Line Represents the halfway point in the profile s volume Initial Balance Range Indicates the first two half hour periods The result of the pit exploring a range within which trade will take place This is configurable in the Price Volume Properties Open Price This green arrow indicates the daily open price o Price Scale Indicates the trading values for the symbol o Spectrum Profile Histogram indicating the percentage of ticks at each price within the trading range of the instrument A horizontal bar is drawn at each price level The
246. way is via keyboard shortcuts and commands Almost all keyboard commands should be prefixed by the full stop to avoid confusion however occasionally the full stop can be omitted A list of the more commonly used keyboard commands is found in Appendix B Keyboard Shortcuts Managing the Desktop As Windows are added to the desktop they will by default be cascaded down the screen Unless disabled each window will have a title bar at the top which contains standard Microsoft windows buttons Maximize Minimize Restore and Close If there are several windows on the desktop a quick way of organizing them neatly to fit is to use the Window Tile Horizontally or Tile Vertically option note this will only work if title bars are displayed If different windows need to be sized and positioned independently then clicking and dragging on the border of a window will re size and windows can be moved by dragging the Title Bar Setup Options Dialog The Setup Options Dialog offers access to several features Many of these features are global features that affect all windows for example Other features may be feed specific Miscellaneous O Setup Options Miscellaneous Colors Email BB Equities Y Display title bars on all windows Y Use W indows style menus V Use W indows standard mouse clicks Y Use W indows style edit boxes V Use symbol aliasing Y Snap to grid T Save prompt before closing Allow Fast
247. when the value is negative Alarm Example chart VAOsc s gt 40000 1 1 2 100 1 3 This alarm will trigger when the Volume Accumulation Oscillator has a value exceeding 40 000 The alarm is based on daily bars of the front month of soybeans Charting Setup Idea Oscillators like the Volume Accumulation Oscillator are sometimes graphed as histograms rather than as line charts To draw this study as a histogram see the Charting Setup Idea section at the end of the Acceleration study section 286 Williams R The scale in Williams R is reversed from that of the Fast and Slow Stochastics that is it runs from 100 to 0 When the R line is above 20 overbought conditions are said to exist and when the R line is below 80 it signals oversold conditions The Williams R study is displayed as a single line which often fluctuates dramatically Values near the top of the scale closer to zero indicate market strength while weakness in the market is signaled by values near the bottom of the scale As with the other stochastic studies divergence between this study and price movement can be a warning that a reversal is about to occur Type of Study Keyboard It works best in Command Overbought Overs r Cash and Futures markets in trading ranges and in old all time frames How Aspen Graphics Calculates It The Williams R study is 100 highest high in n periods current close lowest low in n pe
248. will turn a bar red when the high price of that bar penetrates the top Bollinger band green when a bar penetrates the lower Bollinger band and all other bars will remain yellow A Bollinger Band study does not need to be on the chart to use this color rule Alarm Example chart us high gt bb us 20 2 or us low lt bb us 20 2 1 1 2 100 1 1 This alarm will trigger when either the top or bottom Bollinger Band is penetrated The alarm is based on daily bars for the front month of bonds Commodity Channel Index CCl The CCI measures how far away a price is from its average In any given market 70 to 80 percent of random price fluctuations should fall within the 100 to 100 range of the CCI If the CCI yields a value above 100 a long position may be indicated When the CCI value falls back below 100 closing a long position should be considered The same is true for short positions When the CCI falls below 100 it is an indication to go short It is also an indication to cover your short position when the CCI rises above 100 Type of Study Keyboard It works best in Command Overbought Oversold cci Cash and Futures markets that trade in cyclical patterns Table 6 How Aspen Graphics Calculates It The Commodity Channel Index is calculated as follows High Low Close avg Current Simple Moving Avg 015 Mean Deviation The CCI study on the chart in chart below shows how it can be used to time a short p
249. xpiration ED clHMUZ will produce a Eurodollar continuous contract built from the quarterly Mar Jun Sep and Dec contracts again rolling 3 days before expiration PL c2FJNV will produce a Platinum continuation contract using its major months Jan Apr Jul and Oct rolling on the first day of expiration month and adjusting for any price jumps One final advantage of using the Aspen continuations is that we are not limited to using the front month for the currently used contract By suffixing a number to the end of the string we can take contracts x number of months or quarters in the future and have that popular the current bar FEI clHMUZ2 Given that the current nearest to expiration month is August 04 the Euribor trades serially this string will give us a continuation chart built only from the quarterly contracts but looking two quarters in advance so the current bar will be populated by March 05 s data Again because we have set continuation method 1 to roll three days early this will roll to take Jun 05 data on Friday 10 Sep 04 September s contract expires on 13 Sep Entering Multiple Symbols A second symbol may be added to a chart either by entering the second symbol prefixed by acomma or selecting the Add Symbol button from the Chart Toolbar Further symbols can be added in exactly the same way for each one required or to add them all at once right click the chart and select Propert
250. yout mode o Edit Cells Selects and opens the first cell for editing Available outside of Modify Layout Mode o Align Strikes Centers Option Strike prices At the Money Available outside of Modify Layout Mode Lock Option Volatility Books Volatility Option Skews Parameters Lock Volatility Volatility Skews Options Books Opens the Options Books Dialogs Available in all Quote modes Option Parameters Opens the Options Parameters Dialog Available in all Quote modes Parameters Clear Cell bg cell r Modify Clear Layout Group Parameters Opens the Parameters Dialog Available in all Quote modes Modify Layout Toggles Modify Layout mode Available only for Free Form Quote Windows Clear Cell Deletes the cell contents Available only in Modify Layout mode Clear Group Deletes a related set of cell contents Available only in Modify Layout mode Clear All Right Symbols Justify a5 AN Left Fill Justify Down Clear All Symbols Removes all symbols from the window Available outside of Modify Layout mode Right Justify Aligns codes to the left Available in Modify Layout mode Left Justify Aligns codes to the right Available in Modify Layout mode Fill Down Creates new rows below the lowest numerically valued variable Available in Modify Layout mode Fill Scroll Right Right re Scroll Format Down Rows Fill Right Creates new columns to the right
251. ype the formula directly onto the chart 3 Press lt enter gt Example Formulas CH7 CZ6 SP 5 The Formula Editor Complex Multi Line formulas are written using the formula editor The Formula Editor and the Formula Manager are tools that complement each other The Formula Manager is used to Manage Formulas and folder The Formula Editor is used to create the formulas The Formula Manager Rename New Refresh Folder Convert Delete Open l0lxj New 21656 22496 CandleAnatomy Candle Overlays Constants Date and Time Fibonacci Ichimoku Levels Math Mine Options dies TraderTips Trend Identification Utility Volume and OI B vchart Folders EFS FormatQuote F gt GetBar EFS GetPrice pe GetVolume ERS HighLowDiff E HighPreviousCloseDifF ndex Formula A ES InstrumentType Files e E OpenCloseRange o New Opens the Formula Editor Window for creating a new formula o Open Opens a selected Formula File for editing o Convert Converts existing formulas that use the Aspen 3 71 file format o Rename Renames the Formula file or folder o Delete File Deletes the selected file o New Folder Creates a new Formula folder named New Folder o Delete Folder Deletes the selected Formula folder o Refresh Recompiles the existing formulas Displaying the Formula Manager Using the Context Sensitive Menu 1 Right Click an empty Aspen Wo

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