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Saturday, September 5, 2009

Tips for users of version 4.2 TradeRadar stock analysis software

It's gratifying to see that the new version of TradeRadar is getting downloaded at a good rate. This post will provide a couple of tips for new users and those who have upgraded from a previous version.

The AUTO checkbox --

I have previously written about the AUTO checkbox and how it seeks out the ideal setup for the signal you are looking for. In other words, if you select a BUY signal, click the AUTO checkbox and hit the Update Chart button, the software will automatically adjust the Start Date and the Signal Filter setting. The chart will be displayed with the slope lines, the trend line, the moving averages and the Fibonacci retracement lines in the top half and the TradeRadar signal indicator in the lower half.

So far, so good. If you want to do further adjustments of the chart, changing Start Date, for example, you need to uncheck that AUTO checkbox. Otherwise, your new settings will be over-ridden by the automatic setup process.

Missing Info Message Box --

If you updated from an earlier version of the TradeRadar software, you will get the dreaded Missing Info message box. This is because the older versions did not use Opening price data but the new version does. To make the message box go away there are a couple of different ways you can go:
  • While viewing the chart, look at the earliest bar of price data. Note the date. Close out of the chart, go back to the main screen and load new data starting with the date of the earliest bar. This will refresh the data and include Open, High, Low and Closing prices for each day.
  • Here is an alternative approach. After selecting a stock on the main screen, stop. Do not load the chart. Instead, click the First Record button. Note the date listed on the right side of the screen. Now load new data starting with the date of this first record. As described above, this will also refresh the data and include Open, High, Low and Closing prices for each day.
This process will need to be done for each stock in your database whenever you want to review that stock's chart. There is no hurry to do it. It doesn't need to be done until you actually want to view a chart.

Related posts --

For those who are new to the software, I have created a slideshow that walks you through a typical chart viewing session. I encourage you to check out the post entitled "How to use the TradeRadar software - new slideshow gives you all the basics." It includes a demonstration of that pesky AUTO checkbox. The slideshow has not been updated to show the newest version's chart display but all the concepts are the same.

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