Technifilter Plus - Detailed Features

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TechniFilter Plus is a lightning-fast software package for filtering, charting, and testing your trading system ideas--with the exclusive capability of point & figure screening. TechniFilter Plus gives you access to some of the most sophisticated technical analysis tools available for personal investors, offering an unmatched level of power and flexibility. 

TechniFilter Plus can be used for  backtesting and optimizing trading systems for advanced technical analysts--with the added exclusive capability of point & figure screening. TechniFilter Plus gives you access to some of the most sophisticated technical analysis tools available for personal investors, offering an unmatched level of power and flexibility. 

 
Crisp  Clear Charting

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Performance

A lot of speed was sacrificed in moving from DOS/Windows (3) to Windows 95/98 etc. That's why we made performance a top priority. The table below gives the time in seconds it took each configuration to run a moving average report on 682 issues using a 66mhz Pentium computer. The first pass is the time it took to initially compute the report running from a clean boot. The second pass is the time it took to compute the report immediately following the first pass. (Note: The second pass may be more indicative of the times you will see under repeated use, but keep in mind that your times may vary depending on your system configuration.)

(Metastock users may be interested to know that we used Metastock 6.0 and TechniFilter Plus 8 to screen 900 issues using the MACD Cross report. Metastock's results? Over 4 minutes. The same screening in TFP8? 45 seconds!)

Testing & Optimizing

Trading systems can be fine-tuned through parameter optimizations in formulas and signals. Use the 19 popular trading strategies immediately for your backtesting, or you can modify them to stay ahead of the herd. You can test single strategies on one or more issues; and multiple strategies on one or more issues.

The five test types are stock, percentage, futures, basket and equal. Would you like to see how profitable it would be to always hold the top four strongest shares when you rank these shares by strongest RSI? (or any qualifying test you choose!) Use the new basket test to find out. Basket tests let you buy the top n issues from your chosen collection of issues (shares) based on some ranked statistic; and, they let you test a strategy on a collection of issues. Equal tests let you invest an equal dollar amount at each position, making it easier to compare test results among issues that trade in different ranges. Percentage tests simulate how mutual funds are traded

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The Statistics, Trades and Details reports are preset with default contents, but you can customize your results by choosing from among a wide assortment of tracked statistics. Test results will be displayed in sizable, scrollable and movable windows; and can be filtered, ordered, charted and scored.

Charting from the trades report lets you automatically place arrows on the chart showing where the System test would have bought and sold.

Formulas

TechniFilter Plus comes with a library of more than 220 formulas, including 46 formulas that pick out candle patterns and 14 formulas that search for point & figure patterns. You also can build your own formulas using the program's formula-writing tools, or edit an existing formula to better suit your needs. In addition to the standard format, you can create point & figure, multiline and recursive formulas. A formula can have as many as nine parameters that can be varied in strategy optimizations and individualized reports. You also can refer to standard formulas by name within another formula body.

You can create multiline formulas, which are a series of formulas treated as one formula, with the last formula in the sequence defining the value of the formula. Multiline formulas let you break complex calculations into simply, easier-to-understand calculations; and, when done properly, they can help reduce computation time. You also can create recursive formulas, which derive their current value from the previous value of the formula. You supply the initial value and the recursion relationship.

Named formula reference lets you use a standard formula as a building block within other standard formulas. It is also a time-saver in charting, reporting and testing because you can simply enter the formula name and its parentheses instead of browsing the library.

In point & figure formulas, you can specify the time series used in the calculation.

Automation

Automation files can be set up to handle your daily reporting, filtering, charting and printing. The automation feature is also used to create and update ASCII histories of report values. At the click of a button Technifilter Plus can run off and carry out multiple tasks, filtering out shares that pass your tests from one or more reports, create Short lists, print out reports and charts..... almost reduces the need to study the charts

ASCII Histories of Indicator Values

A special command lets you create and update ASCII histories of indicator values contained in your computed reports. For example, suppose you have a report with a single column containing RSI values. When you compute this report, you see the RSI values for all your tickers for a single day. TechniFilter Plus lets you parse these values out into individual RSI files.

Importing and Exporting

You can import and study ASCII files. You set your import preferences on an easy-to-use dialog tab. You also can export test and report results in a variety of formats, including HTML, comma-separated text, tab-separated text, and WK1.

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