Watchlist


Watchlist
The Watchlist in Tradesignal offers various functions for monitoring stocks in realtime. It is especially helpful for monitoring "ticking" instruments, i.e. instruments with currently changing quotations. Delayed instruments will also be updated automatically.

Watchlists are useful for:
  • monitoring symbol lists for their current price development
  • monitoring symbol lists for certain constellations of indicators and trading systems
  • receiving alerts via mail or acoustic signal when pre-defined triggers are set off
With the Tradesignal Watchlist, you get an overview of symbol data in easily manageable tables. Starting from them, you can open symbol charts and page through them for the whole symbol list. The cells with the latest changed values are displayed with colored background.

The document type Watchlist has the following design parameters:
  • The maximum history length is 5000.
  • The maximum number of instruments is 501.
  • The maximum number of indicators/strategies is 32.
  • Indicators and strategies are processed sequentially, i.e. they are applied in the given sequence to each instrument, before the next instrument is processed.

Watchlist Setup

You can open a Watchlist with symbols in various ways.

With the Wizard

When choosing one of the following methods, the wizard will open:
  • Click on the Watchlist button in the Insert tab of the toolbar.
  • In the file menu, select New (key shortcut Ctrl+Shift+N) to open the Create Item Wizard. Select Watchlist.
  • Open the context menu of a symbol list in the toolbox and choose the entry Open in Watchlist. (If selecting this for a single symbol, it opens without a wizard.)
The Create Item wizard opens, in which you can select indicators and strategies in two more steps. Click on Done to close the wizard and save the settings.

Adding One or More Symbols Manually

You can also add single symbols or open a new Watchlist without using the wizard.
  • Open the context menu of a symbol or symbol list in the toolbox and choose the entry Insert Symbol to add it to the active Watchlist.
  • In the command line, enter a symbol shortcut, e.g. "DD NYS" and select Add Symbol to add it to the active Watchlist, or New Watchlist for a new one.
  • Via the symbol search. For this, click on the search button and select Insert the symbol into the selected workspace item to add it to the Watchlist, or Create a new Watchlist for a new one.
  • You can also add symbols to a Portfolio via drag&drop from the toolbox or other documents.
The History Length (candles/bars) that is regularly taken into account is 2. When you add an indicator, the length may be increased if necessary for the indicator calculation. E.g., the Chande Momentum Oscillator sets the length to 16. If you go below this necessary length, indicators may not give results anymore. In this case, increase the length again.

When you select a symbol list (e.g. the Nasdaq), please ensure that the index itself is not included in the Watchlist. It makes no sense to include an index in a list of symbols when searching for optimal trading parameters. (It is different if you trade in certificates and the Watchlist is filled with index values.)

Watchlist Properties

In the properties manager, you can edit the watchlist properties. Important parameters are:

History Length - Enter the length of the history here (max. 5000).

Min. Referenced Bars - Enter the minimum number of bars that should be used for calculating the values of indicators and strategies.

In the Indications area, you can enter the colors for changing values in the table.

Update Indications – Set the background color for table cells with values that changed since the last update, e.g. gray. Up Move and Down Move – Set the colors for increasing/decreasing values, e.g. green for up, red for down.

Saving, Restoring and Resetting Default Settings

In the appearance area, you can find two important buttons.
  • Disk button (Save as Default) - Click here to save your current settings as the new default settings.
  • Restore button (Restore Default Settings, circled arrow) - Click here to reset all settings to the default settings.
Not all settings can be saved like this.
  • The standard period and other user interface settings are entered in the Tradesignal Options.
  • In the Watchlist, the order may be subject to changes depending on e.g. changing prices. In the advanced Tradesignal Options, parameter Keep rows sorted in Portfolio and Watchlist (Secs.), you can set the time in seconds after which your original sorting order will be applied to the rows again.
To restore the original default settings of your Tradesignal installation, click on the Restore Default Settings button in the Tradesignal Options.

Deleting Symbols from a Watchlist

You can delete symbols from a Watchlist.
  1. Select the symbols. You have the following options:
    • Press Ctrl+A to select all.
    • Press Ctrl and click on single instruments to select them.
    • Press Shift and click on two instruments to select the instruments between them..
  2. Press the Del key to delete the selected instruments.

Watchlist Buttons in the Toolbar


Watchlist buttons in the toolbar
Period - Here you can set the period that is to be used in the Watchlist (this corresponds to the period settings for a chart). The symbols in the Watchlist are always called up with the default period at first.

Columns - Open the menu for the column settings of the Watchlist.

Set Group - Here you can group the parameters for better overview. Select a number of rows in the table and click on the button. You can now enter a name for the group. A button appears on top of the table that allows you to open/close the group views like a folder tree in Windows Explorer.

Columns in the Watchlist

The table shows different columns depending on the indicators and strategies you are using. The number of columns added for each indicator or strategy depends on the number of output data.
  • For each indicator, all columns with a non-static output are displayed. For example, for the "Bollinger Band" indicator there are three columns, for the "Elder Ray" indicator two columns (and two invisible columns with static values).
  • For strategies, the two columns "Position" and "Position Size" are displayed over all strategies. The parameters of the single strategies are usually set to invisible in the Equilla code ("visuals" are "inactive"). If they were displayed, they might also interfere with the statistics, which is usually not desired. When at least one strategy is available, you can add columns for statistical output like "Total Net Profit".

Sorting the Columns

You can sort the columns in the Watchlist by clicking on the column header. A little triangle appears, pointing up or down depending on the sorting direction. To change the direction, click on the column header again.

Alternatively, right-click into the column and select the sort direction in the context menu.

Column Grouping

This function in the Columns button menu leads to a new row in the table top. If groups are already defined, a button appears for them.

You can start a group by dragging a table row to this new row at the table top, or by selecting a row and clicking on Set Group in the toolbar under Home > Table > Columns.

Add/Remove Columns

With this function in the Columns button menu, you can set columns in the table to visible or invisible.

In the list, all available columns are sorted by categories. Standard columns like price or symbol information are available; so are a large number of statistical values for trading systems. If an indicator offers additional information, it appears as an entry here too.

Select the entries for all columns you want to display, or click on Show All to select all entries.

Manage Strategies and Indicators

With this function in the Columns button menu, you can
  • set the processing order of the indicators and strategies by selecting an entry and clicking on Sort Ascending or Sort Descending. The indicators and strategies are applied in this order to every single symbol (sequential processing).
  • delete indicators and strategies by selecting an entry and clicking on Remove.

Format Options

In the Watchlist, the following Format buttons are available in the toolbar.

Styles - Here you can set the display options of the table, e.g. gray background with orange and yellow text. You can find more information in the chapter Styles.

Sessions - Here you can set the trading times. You can find more information in the chapter Sessions, Holidays and Properties.

Price Editor - Here you can manually edit prices of symbols. You can find more information in the chapter Price Editor.

Analyze the Watchlist Results

The watchlist shows a table of the results of the indicator analysis over all symbols in the list. The data is displayed in real time. Therefore, it is not necessary to explicitly scan the Watchlist to see the current data.

Open a Chart from with the Watchlist and Page Through Charts

To view the chart for a symbol from within the Watchlist, open the context menu of the table row and select Open for the entry Chart. The chart is drawn with the history length and period of the Watchlist and includes all indicators and strategies you have set up in the Watchlist. The Chart will be linked automatically to the Watchlist via symbol linking.

If you want to go through the whole list of symbols in a Watchlist to see each chart, use the small, green arrow buttons to the right of the Command Line. As soon as you open one chart of a Watchlist entry, you can page through the full list of symbols this way.

Using the Results with Drag&Drop

Use Symbols in another Table

You can reuse symbols from a Watchlist in a Portfolio, a Scanner or another Watchlist.

If you want to start with a new table, open one by clicking the button Watchlist (or Scanner or Portfolio) in the Insert tab of the toolbar and closing the wizard with Done. An empty table is opened. Alternatively, you can use existing tables.

In the Watchlist, click into a table cell of the symbol you want to reuse. A little plus sign and a rectangle appear under the mouse cursor. Now drag the cursor into the other table. The symbol is copied into the table.

In a similar way, you can drag symbols from a Scanner or Portfolio into a Watchlist.

Saving Symbols in a Watchlist as Symbol List

From within the Watchlist, you can save interesting symbols as a new symbol list.
  1. To save the symbols as a new list, click on the entry New Symbol List in the Related Tasks area of the symbol manager in the toolbox. Choose the option User-Defined Symbol List and name the list but keep it empty.
  2. In the Watchlist, click into a table cell of the symbol you want to reuse. (By pressing Shift or Ctrl while clicking with the mouse, you can select more than one row.) A small plus sign and a rectangle appear below the cursor.
  3. Since a first click opens the properties tab, click again on the button Symbol Lists in the toolbox to open the symbol manager.
  4. Drag the selected symbols to the new symbol list. The symbols are added to the list.

Exporting Watchlist Data

The table contents of the Watchlist can be copied to other programs. For more information, see the chapter Publishing.

Example: Parameters for a Watchlist

The following parameters could be used for a Watchlist for index values:

Symbol list:
  • all symbols of the .NDX.X (make sure that the index is not part of the list)
Indicators:
  • Net Change (Change)
  • Net % Change (Change in %)
Thus configured, the Watchlist offers all important information at a glance. Save the workspace to keep the Watchlist settings.