DT-RIM: DayTraders RealTime Idea Machine&Portfolio Monitor Message Board

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Non-Tech : DT-RIM: DayTraders RealTime Idea Machine&Portfolio Monitor

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To: - who wrote (24)	7/12/1999 5:31:00 PM
From: Madhur	Read Replies (1) of 36

If you set max# trades to 5000 and press Activate Now RIM will generate a new stock watch list (in "\Rim\move.txt") which then excludes the top busy stocks (in your example around 26 stocks) reducing the total from 537 to 511 stocks. RIM will then not show any more updates for those excluded stocks and have only around half the data server bandwidth demand, which was the purpose of my suggestion. If you want to have a clean picture click "Reset all Studies" when you change the basic stock watch selection mid-day. DELL alone for example has around 35,000 avg ticks per day, which means you get from the data servers 7MB of data (35,000*20 bytes). To check the avg number of ticks for any stock click on "Symbol Info" and then you see near the bottom the avg/min/max trades per day. RIM uses that information for the 4 trade counter studies: Study#22: Trades Normalized/Full Day Study#23: Trades Normalized/1 Minute Study#24: Trades Normalized/10 Minutes Study#25: Trades Normalized/60 Minutes So that if DELL for example has sudenly 10,800 ticks already in the first hour (instead of the regular 5400 =35,000/6.5 hours) something is up and RIM will report a 200% above average value in study#21 for DELL. All this info can also be found in the Online Help: Start/Programs/RIM/RIM Online Help That is one of the major strengths in RIM, that it "knows" for each of the 6000 stocks the regular ranges and can then immdiatelly detect "out-of-bounds" activity (volume, price, trades etc.) By the way RIM is also maintaing a detailed trade log in standard Quicken format in "\RIM\RIM.qif" for your trading accounting with StockTax (just use the Quicken Input type in Step1 and point Stocktax to "\RIM\RIM.qif"). Cheers, Madhur

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