Showing posts with the label trading

US and EU stock indices data ingestion currently broken

An update on data ingestion and chart generation Here is a real quick update on what can currently be observed on the main website: Our main data source for US and EU stock indices changed some internals, which is why the automated data ingestion no longer works. Hence, the automatically generated charts stopped updating in June. Unfortunately we noticed very late, and now the charts for the US and EU stock indices are outdated. The charts for indices from India and all crypto-related things are not affected. What are the next steps to fix the US and EU stock indices charts? We are going to look for another data source and adapt all things accordingly. We will let you know as soon as everything is fixed.    

Envelopes Indicator now available for all stock indices

Envelopes Indicator now available for all stock indices About the Envelopes indicator and how we implemented it The Envelopes indicator is a very simple, but powerful way to determine if an index is overheated or oversold (if someone knows the correct opposite of the word "overheated" please let me know..). Basically, the Envelopes are shifted copies of an SMA. On we use the SMA20, which is a fast and short-term simple moving average, and then add or subtract a few percentage points (our formula is a bit more complex, but you get the point). This provides two lines - the lower and the upper Envelope line, with each of them having a fixed distance to the middle, the SMA20. From our experience we know that the price tends to oscillate between the upper and the lower Envelope lines. Those lines act as a first line of support or resistance, maybe let's call them "soft resistance and support". Usually, the price will bounce at this li