InTeLyze

©Parity Plus 2.1™ Technical Analysis Charting Software
www.qpik.net

 
Call Toll Free: 1-866-653-USEC (8732)
 
Parity Plus contains:

. Accumulation/Distribution
· Accumulation Swing Index
· Advance/Decline Line
· Average True Range
· Bollinger Bands
· Candlesticks
· Chaikin Oscillator
· Commodity Channel
· Correlation Analysis
· Detrended Price Oscillator
· Directional Movement
· Ease of Movement
· Envelopes
· Equivolume
· Linear Regression Lines
· MACD
· Mass Index
· McClellan Oscillator
· Median Price
· Momentum
· Money Flow Index
· Moving Averages
· Negative Volume Index
· On Balance Volume
· Overbought/Oversold
· Parabolic SAR
· Positive Volume Index
· Price and Volume Trend
· Price Oscillator
· Price Rate-of-Change
· Relative Strength Index
· Standard Deviation
· Stochastic Oscillator
· Swing Index
· Time Series Forecast
· Trade Volume Index
· TRIX
· Typical Price
· Ultimate Oscillator
· Vertical Horizontal Filter
· Volume
· Volume Oscillator
· Volume Rate-of-Change
· Weighted Close
· Williams’ Acc/Dist
· Williams’ %R
· Zig Zag Patterns
· Trend Lines
· Support Lines
· Resistance Lines
· Price Channels
· Double Tops
· Double Bottoms
· Head and Shoulders
· Reverse H and S
· Key Reversal
· Flags
· Wedges
· Rectangles
· Ascending Triangles
· Descending Triangles
· Symmetrical Triangles
· Pennants Chart Types
· Introduction to Charts
· Dot Charts
· Line Charts
· Bar Charts
· Candlestick Charts
· Equivolume Charts
· Using Indicators
· Lagging Indicators
· Leading Indicators
· Bottom Formations
· Top Formations
· Trading Strategies
· and Much More!


Parity Plus is one of the most powerful Stock Charting and Technical Analysis Programs available on the market.

Parity includes over 50 of the most popular indicators for the technical analysis of stocks and commodities. The majority of these indicators act as functions that return an array, which can be used as the input to another indicator or within a user defined formula. This makes it easy for you to do "studies on studies" or to develop your own proprietary charting tools. Besides these 50 predefined indicators, you have unlimitted possibilities to create additional indicators.


A Powerful Charting Tool

Parity incorporates traditional Open, High, Low, Close charts, Line and Bar charts, Japanese Candlestick charts, Point and Figure charts, Equivolume charts, Horizontal Bar charts, and a Price at Volume chart which is similar to The Crocker Chart©.


Parity's charting capabilities permit you to graph a security's price, volume and up to nine indicators in a single chart using any combination of stacked or overlapping panes, each of which can include one or more indicators.

Parity Plus is designed to take full advantage of the Windows Graphical User Interface. The program permits the user to design sophisticated charts of stock price data using a wide range of technical indicators and tools.

In order to manage the profusion of sophisticated charts you can design with Parity, virtually all of its settings can be saved to disk and recalled for another Technical Analysis Session.

In addition, Parity provides a graphical Display Matrix that permits the user to easily jump from stock to stock and study to study.

Parity Plus includes sophisticated profit testing and optimization tools that let you test your trading strategies against all the securities in a group. You can summarize the results of a profit test for an entire group or examine summary and transaction details for every security in the group. Parity Plus even lets you chart the cumulative profit and profit by position against price.

With Parity Plus' scanning and filtering features you can generate a custom report showing the values of any indicators or user defined formulas you want for all the stocks in a group or screen for only those securities that meet your conditions.

You can create your own mathematical calculations and your own indicators in Parity Plus 2.1. Simply, you can tailor the program around your needs.

Technical Indicators and Advanced functions

One of the most crucial functions in any technical analysis software is the accuracy and reliability of the technical indicators. Parity Plus’ sophisticated charting capabilities include over 50 of the most popular predefined indicators plus a wide range of math and statistical functions. With the possibility to add up to NINE indicators in a single chart and combine each indicator with one or more indicators you can tailor Parity Plus to your skills.

Parity Plus provides you with the tools to time your entry and exit points and create reliable and accurate buy and sell signals.


Manage your stocks and analyze them effectively


One of the most innovative aspects of Parity is its unique use of Groups of Stocks, Batches of Studies, and Clusters of Charts in order to simplify the analysis of a large number of securities at one time.


Group of Stocks: A powerful feature of the program is its ability to define a Group of securities that can be displayed in any sequence using the Display Tools. You can define an unlimited number of Groups.

A Group is a list of security price data files, in any supported format, located in any directory, on any disk. You might prefer to think of a Group as a portfolio of stocks or a list of ticker symbols. Group definitions can be edited, reordered and deleted at any time. All defined Groups can be saved to disk for reuse in subsequent sessions.

Parity permits you to mix data files in different directories, in different formats, and of different sizes within a single Group.

When you create your own "Composite Index", you also can embed a Composite/Group within another Group.


Batches of Studies: With Parity Plus you may create your studies. A study defines how you want Parity Plus to chart an individual security, regardless of which security is chosen. As example you can define

  • How the price data is displayed, bar chart, line chart, candle sticks
  • Where and whether volume is displayed
  • What indicators and formulas are plotted on the chart and where
  • How individual panes are stacked and overlapped and what their relative sizes are.
  • And much more

Thereafter a batch defines a list of studies that will be displayed.

 

The concept of a "Batch of Studies" is a novel idea.

Unlike other stock charting programs, Parity permits you to define an unlimited number of studies. One study might just show a Candlestick chart of a stock with some moving averages. Another study might plot all of the components of Welles Wilder's Directional Movement Index. A third study might only show volume related indicators, while a fourth study might include oscillators like MACD, Chaiken's Oscillator or Stochastics.


Parity permits you to define a Batch of any or all of these studies. When you select a Batch, Parity displays each of these studies in sequence on a single security or each stock in a Group.


Selecting a Group of stocks and a Batch of studies creates a two-dimensional Display Matrix. Depending on the Display Tool you select, you can move through the Display Matrix - looking at the same study on dozens of different stocks, or looking at multiple studies on a single stock. By selecting a different display tool you can instantaneously change direction.


Create your own Portfolio and Composite Index

In addition to charting individual stocks, Parity Plus lets you define a Composite Security composed of any number and type of data files or charting, scanning, and profit testing. Composites are similar to an index or portfolio of securities. Since Parity permits you to assign positive and negative weights to each security in a composite you can create and chart complex spread and straddle strategies. Parity can even create a "Composite" from all the securities in a Group.

Parity includes nine different methods for calculating the composite ranging from simple sums and averages to complex geometric and harmonic means.

Scanning and Filtering

Every investor faces the challenge of staying on top of hundreds of pieces of new information each day and still having time to find and focus on the best securities for right now. Parity Plus' filtering and scanning tools let you rapidly shift through dozens or even hundreds of stocks to find the ones that meet the criteria you have defined.

You define a filter or a scan just like you would a profit test. First you specify the formulas and technical indicators you are interested in. Then you determine what, if any conditions, the securities in the group have to meet to be included in your results. You can name and save an unlimited number of scans and run them against any group you have defined.

When you run a scan on a group Parity Plus generates a report which shows the ending values for all the indicators and formulas you specified and sorted in the order you choose. If you specified a set of conditions the securities had to meet in order to be included in the scan then only those securities that met your criteria will be shown. You can print the results of a scan or save them to a file for further analysis.

After you have run a scan you can create a new group which only includes the securities that met your filter or screen. Then you can chart this new group with any study, batch or cluster you have defined to closely examine each of these securities as a possible investment.

By using Parity Plus's scanning and filtering tools it is possible to quickly and efficiently analyze hundreds of securities each day and only spend time on the few that meet your investment standards.


Test your strategy with Parity’s Profit Test

Parity Plus includes sophisticated profit testing features which permit you to define a technical trading strategy and test the results of that strategy against your historical data. Parity Plus permits you to run the tests you design on a single security or on all the securities in a group. You can examine the results of your trading strategy at several different levels of detail including tables which show all the trades for a security, a summary of trades for the security, or a summary for all the securities in a group.

Parity's ability to create a chart showing stock price, position status, cumulative profits, and profits per position at the click of the button for each security you test is another powerful feature.

Perhaps the most common problem technicians encounter is what value to use for their favorite technical indicators. For example, are 40 day moving averages more predictive than 50 day moving averages or is the best values some place in between? To help answer these questions, Parity Plus includes a powerful Optimizer tool which lets you specify a range, and step value, for up to five variables you might want to test. Using the Optimizer you might set the value of the OptVar1 variable to range from 30 to 50 in steps of 2 units. When you run an optimized profit test, Parity substitutes the appropriate value for the variable for each run through a group. When testing is completed Parity Plus shows you a table with the results of each iteration through the range you are optimizing for and lets you sort the results for total return. Using this approach you can quickly and automatically determine the optimum values to use in your indicators.

Parity Plus lets you name and save an unlimited number of profit tests in exactly the same way you use Groups, Studies, or Batches. You can select a new profit test at any time and run that profit test against the current group, or the current security.

Advanced Users Options

Parity Plus is a program designed to satisfy your analysis needs regardless if you are a beginner or advanced or somewhere in between. A wide range of mathematical and statistical functions offers you one of the most powerful tools to analyze stocks, options and other securities. You can define your own indicators, create new indicators and tailor predefined indicators.

Simply all indicators and functions in Parity Plus 2.1 can be combined in user defined formulas, to offer you the flexibility you need.

As an advanced user you may want to analyze your strategy in more detail you can incorporate the results of your profit tests in a study using the ChartProfitTest() chart procedure.

Data Format

Parity is compatible with 5 or 7 field MetaStock/CompuTrac data files, ChartPro/MegaTech data files, Comma Separated ASCII files, and TeleChart 2000 data files. Daily, weekly and monthly data in these formats are widely available from various on-line and data disk services.

Parity also permits you to import price data from MS Excel, Lotus 123 WKS files, Comma Separated Value text files and Tab Separated Value text files.

Parity Plus includes a complete set of utilities for file and data maintenance and data conversion.

 

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