What's New

Log Scale

A logarithmic price scale option is now available for stock charts. You can select it by clicking Log in the settings panel below the chart. This option was also added to the Chart Template tool.
A log scale on the price axis means that equal vertical distances on the chart represent equal percentage changes. It contrasts with a linear scale where equal vertical distances represent equal absolute price changes. Log scales are handy for visualizing long-term trends. They compress the scale for large values and expand it for smaller values, providing a clearer picture of a stock's overall performance over an extended period.

Combining periods

The option to combine periods has been added to the Charts view of the stock screening results page. Now, you can view charts of different periods for the same ticker. For example, you can select daily and weekly periods on the Charts view by first selecting On for the Combine periods option. In this case, you will be able to view the weekly and daily charts next to each other for each trading instrument. You can select any combination of supported periods, including intraday periods. It is worth noting that this option is also available in the Watch List and Portfolio Tracker tools. You can also combine chart templates in the Combine Periods mode. For example, you might have a chart template with selected daily periods and a set of indicators and another chart template with selected weekly periods and a different set of indicators. Then, choosing both templates in the Combine Periods mode lets you view different indicators for daily and weekly charts.

Index CFDs

Contract for difference (CFD) indices have been added to the product. Due to the large number of arbitrage transactions, these instruments mimic the underlying indices. It is worth noting that intraday periods are supported for these CFDs. You can select index CFDs in the Aggregates category of the Stock Screener tool or refer to it by aggregate(cfd) in the Formula Screener.

New tutorial video

A new tutorial video has been added to our YouTube channel. It demonstrates how to use intraday periods (5-minute, 15-minute, 30-minute, hourly, and 4-hourly) in the Stock Screener and Strategy Backtest tools. Whether you are a beginner or an experienced trader, this video will be helpful as it demonstrates the basic and advanced features of MarketInOut.com.

Arms Index

The Arms Index, also known as the TRIN (Short-Term TRading INdex), has been added to the group of market breadth indicators. Richard Arms developed the indicator in the 1960s. It is calculated by dividing the ratio of advancing stocks to declining stocks by the ratio of advancing volume to declining volume. Interpreting the Arms Index involves looking at its value in relation to certain thresholds. A value below "1" is considered bullish, indicating that advancing stocks and volume dominate the market. Conversely, a value above "1" is considered bearish, suggesting that declining stocks and volume are more prevalent. Extremely low values (below 0.5) or high values (above 2) are often seen as potential reversal signals. It is worth noting that all market breadth indicators only apply to market indices such as Dow Jones 30 or S&P 500. You can use market breadth indicators as a regime filter in a formula expression which can be useful in strategy backtesting. For example, (trin < 1)@sp500 and sma(50) ca sma(200) give you all stocks with the 50-day moving average crossed above the 200-day moving average only if Arms Index (TRIN) is below "1" on the S&P 500 chart.

New chart template settings

New Chart Template settings allow you to get more company data in the chart's upper text: Stock exchange, sector, industry, open, high, low, close prices, and volume. Note that the list of all saved chart templates is displayed below the chart, and you can apply a template by clicking on the template's name. If a template is set as the default chart template, any new chart opened on the site will automatically apply that template.

DSS Bressert Indicator

The DSS Bressert indicator, or Double Smoothed Stochastic, was developed by Walter Bressert to provide smoother and more reliable signals than the traditional Stochastic oscillator. The benefits of the DSS include improved signal clarity, reduced noise, and enhanced sensitivity to market changes. The indicator provides signals of overbought and oversold levels, with readings above 80 suggesting overbought conditions and below 20 indicating oversold conditions. It generates bullish signals when the DSS line crosses above the signal line and bearish signals when the DSS line crosses below the signal line. The indicator can also be used to detect divergences. Divergence occurs when the indicator moves in the opposite direction of the price trend, potentially signaling a trend reversal. The DSS indicator has two parameters. The first represents the period for the stochastic and the second period for the EMA. You can select this indicator in the Oscillators category of the Stock Screener tool or refer to it by dss(13,8) in the Formula Screener. For example, dss(13,8) ca 20 expression reads as DSS crossed above 20. Or, dss(13,8) ca dsss(13,8) means DSS crossed above its signal line.

Intraday Momentum Index

The Intraday Momentum Index (IMI) was developed by Tushar Chande, a well-known technical analyst and author of several books on trading strategies, in 1994. Chande developed the IMI to address some of the shortcomings of other momentum indicators, such as the RSI, which can be slow to react to short-term changes in momentum. The IMI indicator is calculated by comparing the total price increases to the total price decreases over a given period. The resulting value ranges from 0 to 100, with higher values indicating stronger upward momentum and lower values indicating stronger downward momentum. You can select this indicator in the Oscillators category of the Stock Screener tool or refer to it by imi(14) in the Formula Screener. For example, imi(14) ca 50 expression reads as IMI crossed above 50. Or, imi(14) div_bull means IMI bullish divergence condition.

New screening criteria

The following stock screening criteria have been added to the Universe category of the Stock Screener tool: Security Type (Warrant, Right, Fixed Income, Shell Company, Unit), Equity Type (Common Stock, Preferred Stock), Equity Class (Local Equity, ADR, GDR), Headquarter Country. Please note that warrants, rights, fixed-income instruments, shell companies, units, and preferred stocks are not included in the stock universe by default. Still, you can add new criteria in the Stock Screener or Formula Screener tools for screening the required trading instruments.

Technical issues with sending SMS

We are currently experiencing technical issues with sending text messages within the United States. This may affect the delivery of Screen Alerts and Trade/Price Alerts if SMS is selected as the delivery method. At the moment, we are still determining exactly how long it will take to resolve this problem. As a workaround, we recommend using TM (Telegram Messenger app) or email as a delivery method for alerts. We apologize for any inconvenience caused by this issue.

Switching to a subscription model

Starting March 20, 2023, the MarketInOut.com service will switch to a subscription model. This means that membership plans paid after March 20 will automatically renew under the same conditions. Please note that membership plans paid before March 20 will not automatically renew, but you will be able to manually renew your subscription on the My Account page or the Sign Up page.

Coppock Curve

The Coppock Curve is a momentum-based indicator used to identify long-term buying opportunities in the stock market. It was developed by economist Edwin Coppock in the 1960s and is based on the idea that market momentum tends to turn upward following extended periods of decline. Traders use the Coppock indicator to identify potential buying opportunities when the curve crosses above zero after an extended period of decline. This crossover is seen as a signal that the market has bottomed out and is poised for a new uptrend. Conversely, when the indicator crosses below zero after an extended period of advance, it is seen as a potential signal that the market has peaked and is poised for a new downtrend. You can select this indicator in the Oscillators category of the Stock Screener tool or refer to it by coppock(14,11,10) in the Formula Screener. For example, coppock(14,11,10) ca 0 expression means Coppock Curve crossed above zero. Or, coppock(14,11,10) trend_up 20 reads as Coppock Curve is trending up over the last 20 days.

Volume Price Trend indicator

The basic idea behind the Volume Price Trend (VPT) (sometimes Price Volume Trend) indicator is that price changes at high trading volume are more significant than those at low trading volume. The VPT indicator attempts to capture this relationship by incorporating volume into calculating price trends. It calculates the cumulative total volume multiplied by price change and then adds to a running total. This running total can be used to identify trends and potential trend reversals. You can select this indicator in the Oscillators category of the Stock Screener tool or refer to it by vpt in the Formula Screener. For example, vpt div_bull expression means VPT bullish divergence condition. Or, vpt trend_up 20 reads as VPT is trending up over the last 20 days.

Indian stock market indexes

Nifty 50, Nifty Next 50, Nifty 200, and Nifty 500 market indexes have become available as Index Membership criteria in the Stock Screener's Universe category. Index membership criteria can also be written in formula expression, for example, index(nifty50,next50). Backtesting on Nifty 50 components is available starting in 2010 due to the lack of the components' transition information. Backtesting on Nifty Next 50, Nifty 200, and Nifty 500 components is available beginning in 2023 for the same reason. The new indexes are also included in the World Indexes criterion's group of the Stock Screener's Universe / Aggregates category and are available on the market breadth page.