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The Coast Trading Package V5.0 - Available for purchase now!
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The DiNapoli Thrust Scanner (not available in CQG, DealBook, or NextVIEW)
Find DiNapoli patterns quickly and easily.
Imagine scanning 15000 symbols in 5 or 10 minutes.
© CIS inc & Genesis Financial Technologies, Inc. 2004. All rights reserved worldwide
Traders now can find charts which are potential DiNapoli Directional signals. These are the same signals we have documented over and over again as extremely powerful and high probability forecasters of tradable market moves. Of the nine patterns described in "Trading with DiNapoli levels" You can scan for the approximation of thrust required for four of them: The Bread and Butter, Double-RePo, RailRoad Track, and Stretch.
Now you can do what we do to prepare for our own trading!
Our goal is to reduce your workload, by eliminating the majority of charts which are not yet ready to be traded. Through long-term testing and the use of a proprietary algorithm we believe that we have achieved this goal very effectively. We routinely scan 15,000 charts. Depending on market action the scanner finds 30 to 90 charts for us to review visually each and every day.
Scanning saves us from looking at the other 14,900 charts!
During very volatile markets, the scanner will find more charts. We found more than 230 thrusting charts. This was when the markets were thrusting downward after the events of Sept 11th 2001. In the months before that, the scanner found 40 to 60 per scan.
The algorithm
It took years to create the formula for this scanner because not all thrust is applicable to DiNapoli signals! As the formula was revised, we found that we were almost never out of tradable instruments. The scanner also give us charts that are maturing, setting up for a trade. Of course if you trade Futures rather than Stocks, your opportunities are reduced because of the smaller number of symbols in that arena. Futures however, tend to thrust more often than the average stock.
How it works.
Every time you update your End Of Day data you are asked if you want to scan for thrust... Thats it!
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