InstaQuoteTM 2000
Installation From Floppy
Once you have received your version of InstaQuote 2000 on floppy disks place Disk 1 into your A drive. On the "Start Menu" in Windows 95 select RUN and type in A:\Iqsetup.exe and select Ok. Alternatively go to Windows Explorer click on A:\ Drive in the left pane and then double click Iqsetup.exe in the right pane and follow the online prompts. The default installation settings are recommended to be accepted.
Downloading data: One of the first things to do is to download data to bring your local database up to date. Refer to the InstaQuote Downloader section of the manual for step by step download instructions. This historical data is a one off download that takes approximately 15 minutes depending on your Internet service provider and your modem speed and will save the data to the InstaQuote directory.
Run InstaQuote: Go to the Start Menu, Click on Start, Programs, InstaQuote and finally the InstaQuote icon to run the program.
Installation From the Web
To install using the Internet, go to our Web Site and from your browser, click on Download Software. A page will come up with downloads for various countries and historic data.
Click on the download link to download our software. When asked for a password enter your password supplied to you by your InstaQuote sales representative. Depending on your browser you will be asked if you want to open the file or save it to disk. Select save to disk.
Next you will be required to enter where you want to save the file. Its recommended to create a temporary directory (Example: C:\Spare) and select to save to a directory which in the above example is C:\Spare.
The name of the file being created will vary depending on which version, file or from which country you are installing.
Note: The name of the file displayed in the above example is Iqsetup.exe. When the download is complete return to the Start Menu and select Run and type in C:\Spare\Iqsetup.exe where Iqsetup.exe is the file name you noted and Spare is the temporary directory you created.
It is recommended to select the defaults.
InstaQuoteTM Downloader
InstaQuote’s Downloader allows you download daily price information. The downloader is also a data manager. Note : Be sure to shut InstaQuote down before running the downloader and make sure that you are connected to the Internet before running the Downloader for data retrieval.
Running Downloader
The Host Name is the address of our server
Auto Download
The Download File box shows which file is being retrieved and the number of bytes read.
The Update file box will show which file is being Updated and the % completed.
The two processes run concurrent. The Update File may sometimes be behind the download file. When a file is updated, a system log is being created on the server tracking the files downloaded by each user.
Data Maintenance
To run the Downloader you do not have to be connected to the Internet to perform manual data operations, however you must be connected to the Internet to download files using downloader.
To perform manual data operations click Ok when it asks for your User Name and Password. Click the X to shut down the Update Database window. You should have the following screen.
Click on Data then desired option.
Split File
This will be the symbol that you want to split.
Select the split date from the Split Info box. You can click on the down arrow next to the date to unfold a calendar.
In the split ratio box enter the split ratio. For example a 10 for 1 split will be 0.1, a 5 for 1 will be 0.2. If it was a 1 for 10 reverse split or consolidation, it would be 10.Click on Press Here to Apply Split to perform the split. The data and volumes in the file will be adjusted to reflect the changes.
Edit Data
Remove File
To remove a file click on Data, then Remove File and enter the name of the file to delete with the extension. And click on Remove File to remove the file.
Portfolio Page Updates
The Downloader will automatically keep track of the values of your portfolio page every day. In your portfolio page you can supply a default extension here. For example .AX0.
InstaQuoteTM Basics
InstaQuote is designed to bring real-time and technical financial information to market experts and new traders in an easy to understand, user friendly environment.
Once InstaQuote is started, at the very top of the screen, you will see the Application Caption Bar. This will enable you to view the version of InstaQuote that is operating and the Layout you have chosen.
Directly below the Application Caption Bar you will find the Menu Bar. The Menu Bar enables you to view topics and set options. On the Menu Bar the you will view File, New Window, Setup, View, Tools, Window, Help etc.
Directly below the Menu Bar you will find the Icon Bar. The Icon Bar allows quick access to topics found in InstaQuote's Menu Bar.
Note: The options on the menu bar and the icon bar will change depending on which window is active. The application caption bar only changes when a different version of InstaQuote is operating or when a different Layout is being used.
Function of Bars
The WINDOW command, which is located on the Menu Bar, enables you to view Windows in the Layouts in cascade, horizontal or vertical form and allows you to make desired Windows Active. To change the Window form simply click on Window which is located on the Menu Bar then click on the desired option. To make a Window Active simply click on the described Window. A check mark indicates the Window is active
The EDIT command, enables you to insert, delete and append Rows. Simply make the desired Window active , then click on the Row inside of the Active Window that you want to change then click on Edit, and click on the desired option. (i.e. insert, delete or append the Row)
SETUP enables you to define individual Window Colours and Fonts. Simply make the desired Window Active and click on the described Window. Then click on Setup, then click on Colours and Fonts. This feature also allows you to reset window defaults to factory settings.
SYMBOL enables you to search for specific Symbols by name. Simply click on Symbol which is which is located on the Menu Bar then click on Lookup Symbol. Then enter the Full name of the Symbol you are searching for then press Ok.
Quote Windows
There are (4) four different Quote Windows for you to choose from, Detailed, Condensed , Custom, and Quick Quote Windows. All Quote Windows may be accessed simultaneously. Additionally, Charts may be viewed simultaneously within the Detailed Quote Window.
The Detailed Quote Window allows you to view, in grid form, the status of your defined symbols. Detailed quote windows can be customized to display up to 29 fields of related information on a particular symbol in a single row. It is fully customizable and can be combined with chart windows to quickly view charts on the symbols in your page.
The Custom Quote Window allows you to view, a set of Pre-Set OEM selected market indicators and indices. Custom Quote Window may be found by clicking on New Window, which is located on the Menu Bar.
The Market Watch Window is a Pre-Set OEM Window that allows you to monitor the Major market indices.
The Top Ten Window is Pre-Set OEM selected to enable you to view real-time status of the New York Stock Exchange, Nasdaq Stock Market and the American Stock Exchange Top Ten most active, percent gainers and percent losers. This option is only available in the Real Time version.
The Quick Quote Window The Quick Quote Window enables you to view statistical, fundamental and technical data relating to the inputted Symbol.
The Condensed Quote Window allows you to view, in grid form, the status of any of your defined Symbols. Unlike the Detailed Quote window the Condensed Quote Window only displays Symbol, Last Price and Change. This window allow you to display 4 columns of Symbols net to each other.
Reset Defaults
A feature of InstaQuote is that you can restore your layouts to the original OEM layout by clicking on File and then on Restore OEM Layout.
This is useful if you played around with the Windows and would like to return them to the original state. InstaQuote has another option that allows you to return just the active Window to its original state. By clicking on Setup and then on Reset Defaults you can return the active Window to it’s original defaults.
InstaQuoteTM Symbol Selection
Symbols consist of a code and an extension. These codes are normally the same codes you would find in your local newspapers. Due to the fact that different exchanges in the world can use the same symbol we kneed to be able to differentiate between the exchanges. We do this by adding an extension to each symbol for example SFM8 becomes SFM8.US0 to tell us we are referring to Swiss Franc traded on a US exchange.
Symbol Lookup
Symbol Lookup Page
When you select Symbol, Lookup Symbol, the Symbol Lookup page will open. You can start typing in the symbol you are looking for. The pick list will display the closest match. For example if you type in S all the files beginning with S will be displayed.
To select a stock you want click on that stock and then click on Ok. To select an option or a stock for a different exchange check the Default Exchange Section.You can also select a stock from the pick list page. Note that not all exchanges have a pick list page available. Most commodity exchanges have a pick list associated with them.
Default Exchanges
The Default Exchange Option will set the default exchange for the entire user program. The default exchange option will show all available symbols for that exchange in the list box on the left. When an extension is selected as the default exchange you don’t have to enter the extension when referring to a symbol. For example you can type in BHP instead of BHP.AX0. It is recommended that you use an extension. Clicking on an extension will bring up all available symbols for that exchange. At the writing of this manual the following extension were available. Check with your sales representative for more information if your extension is not listed here.
The following extensions are available for subscription.
.US0 US Commodity Futures
.US1 US Commodity Options
.SF0 Sydney Futures
.SF1 Sydney Futures Options
.AX0 Australian Stocks
.AX1 Australian Stock Options
.NZ0 New Zealand Stocks
.NZ1 New Zealand Stock Options.
.ZA0 South African Stocks
.PP0 InstaQuote Portfolio Page Stocks.
.BB0 InstaQuote Basket Stock
Note The .PP0 extension is for stocks that are being created from your portfolio pages. BB0 is for stocks that you create from Baskets. Generally the 0 at the end is for stocks or commodities, the 1 is for options and I is for intraday data.
InstaQuoteTM Layouts
To save a Layout, once InstaQuote is started, you may open any combination of Windows. For example, a Detailed Quote Window, Chart Window and a Nasdaq level 11 Window. If you exit InstaQuote and want to begin where you left off , simply save a name as a Layout. Saving and naming a customized Layout is accomplished by clicking on
File which is located on the Menu Bar, then by clicking on Save Layout As. You will then be prompted to enter a name to identify your Layout then simply press Ok. The next time InstaQuote is started, the last saved Layout will appear. The Layout command allows you to save, recall any changed Windows settings. This enables you to tailor InstaQuote by saving and recalling customized Window settings.
To create a new Layout click on File, on the Menu Bar, then by clicking on Create New Layout you can effectively created a clean slate with no preset settings. This enables you to create a personalized Layout suited specifically to the task at hand. You are then free to choose which Windows to open and more importantly which Windows not to open.
To open an existing Layout click on File, then by clicking on Open Existing Layout you will be given a screen of pre-existing Layouts to choose from. Simply by clicking on your-user defined existing Layout then by clicking OK you will open the requested Layout.
The Save As command enables you to modify a Layout and then save the modified Layout as something else. This is particularly important for users who may have several uses for InstaQuote.
Click on New Window, Detailed Quote Window and Create New.
Enter a user defined name for example MYQUOTES and click on Ok
A New Quote Page will be created.
A Spreadsheet like page will open with rows and columns, locate the cursor under the Symbol Column by clicking on the box directly below the symbol heading.
Enter a symbol and press enter, for example DMU8.US0
The program will retrieve the data and display it. You can use the up and down arrow key’s to move around within this page.
Icon Bar
The icon bar allows you quick access to various related options within the Quote Pages.
The Insert Button lets you insert a column at the current position in the Grid.
The Delete Button deletes the highlighted column
The Append button adds a row to the end of the grid
Replace the Current Page. The current page can be replaced by clicking on the down arrow and selecting the name of another page.
Selects a column to sort the data on. You can sort the page by any given field.
Selects the Sorting Order Ascending or Descending.
Selects The Font to use in the Current Table
Right Mouse Click Support
Reset Defaults can found under Setup, It resets the factory defaults settings for the Quote Page. It will reset the column sizes, colours, fonts etc. It will not alter the data in the page just the look and feel. This is useful if you made some changes that you don’t like and would like to return to the OEM defaults.
Colours and Fonts Step by Step
Click on Setup and then on colours and fonts
The colour setup box will appear
From the table property box click on the desired option to change. For example positive price changes to change the way positive price changes are displayed. There are 2 properties that can be set, the foreground and the background. The foreground colour can be changed from the foreground colour box. The RGB tells how much Red Green and Blue to use.
Once you have selected the foreground colour select the background colour from the select background colour box. The example box has a corresponding entry for every entry in the select table property box. As you change the colours the example box will reflect the changes for the selected property. When you are satisfied with your changes click Ok.
Turning Columns on and Off
InstaQuote has over 27 columns that can be turned on and off for display. To turn a column on or off click on View and then click on the column name to turn it on or off. A check mark next to the column indicates that the column is turned on. Note that even though over 29 fields are available most fields are only supported in the real time version. The most common fields are Full Name, Last, Change, Open, High, Low, Previous, Current Volume etc.
Sizing Columns
Text will not always fit into the columns. You can size the columns to make them bigger or smaller to fit the text into it. To size a column hold the mouse over the vertical grid line that separates the columns. You will see the cursor change. Depress the left mouse button and move it left and right to size the column.
Import Symbol to Quote Pages
You can import symbols to your quote page from your portfolio pages. Click on symbol then click on import symbols from portfolio page. A list of available portfolio pages will appear. Select the page you would like to import and press Ok. A message box will appear telling you how many symbols were added. Note: that the program will not add symbols that are already in the page.
Replace Current Quote Page
To replace a quote Page click on the "Replace Current Page" drop down box in the ICON bar. This is the first drop down box that appears in the ICON bar and will have the name of the current quote page displayed in it.
Sort Page
You can sort on any field in the page by selecting the column to sort on in the sort drop down list box. Click on the field you would like to have the table sorted on. Once you have selected a field the data in the table will be sorted on that field.To reverse the sort order from ascending to descending click on the sort order list box.
Font Selection
You can select the font and the font sizes of the page from the font selection drop down list box that appears in the ICON bar.
InstaQuoteTM Chart Instructions
New Chart
To open a new chart first click on new window and then chart window
Select a symbol to in view chart. Refer to the symbol lookup section for more information on selecting a symbol. The following option will take you through a quick overview of Charts.
The Icon Bar.
The icon bar allows you quick access to options found in the menus.
A Brief explanation of each option will follow:
To perform a desired operation simply click on one of the icons.
Be sure that the chart window is the active window by clicking on it.
Replacing a Chart
Click on this Icon to replace the current chart.
Next Chart
Clicking this icon moves you to the next chart in the data sequence. You can select a data sequence by clicking on data and then chart symbol series.
3. Previous Chart
Clicking this Icon moves you to the previous chart in the data sequence.
4. Add Delete Indicators
Clicking this let’s you add indicators for example, moving average, macd, bollinger bands etc.
5.Change
Very useful when doing relative comparisons and overlays. To turn
%Change off simply click it again. The others allow you to draw a
line chart, bar chart,compress the chart and expand the chart.
The crosshair cursor.
Let’s you read price information from the screen. Click on the cross hair cursor, position the mouse back over the chart, hold in the left mouse button and move the mouse around while holding in the left mouse button. The status box will change as you move the mouse around to display the values for the day you are on.
Make a chart window the active Window
Hold the mouse over the chart and Right Click.
This menu box will appear.
Highlight an option by moving the mouse pointer to it.
Setting Up Chart Colours and Fonts
Adding Chart Overlays Step by Step
Chart Overlays allow you to overlay charts on top of each other or stack them below each other for easy comparison.
You can change the way InstaQuote display charts via the chart format commands. It allows you to change options such as scales, grids and legends etc.
While holding the mouse over the chart, right click the mouse and select format.
You can change various options, changes will be reflected in the preview box.
Selecting the option display indicators only, is useful if you want the Main window to be replaced with an indicator. For example viewing Stochastics, Bollinger bands etc. in the main window.
Note: that you have to have an indicator already added to the chart as stochastic for this option to work.
Chart Type
Chart type lets you select if you want to view a line, bar, or candlestick chart
While holding the mouse over the chart right click the mouse and select Type.
Select Line Chart by clicking on the button next to Line Chart.
Next select Volume from the drop down list box next to Line Chart.
Click Ok to accept changes.
Chart Scaling
Chart scaling allows you to specify what time periods to display charts.
While holding the mouse over the chart right click the mouse and select Scaling.
The options available are Linear for regular charts and %Change to display charts based on a %change basis from the previous day. Intraday, Hourly and Minute charts only available if you have Intraday data.
Date to scale charts around is normally used when you are displaying two or more charts in the main window and would like to compare them to each other. See overlays on how to add charts to the main window.
Trend Mode
Trend mode can be used to draw trend lines, marks etc.While holding the mouse over the chart right click and select cursor.
The Cursor will change to a cross hair.
Click the chart and move the cursor while holding down the button.
The values of the days data will be displayed in the Status Box.
You can also select other drawing tools such as Trend, Fib Fans, Gann and Channels.
While holding the mouse over the chart right click for options.
Click on the chart where you want your trend line to originate and move the cursor left and right while holding in the left mouse button.
Release the left mouse button where you want the trend line to end.
Chart Symbol Series
A Chart Symbol series is a series of charts that can easily be viewed by the Chart Next and Chart Previous features as described in the Icon Bar section. Chart Symbol Series can be selected by clicking on data and then on Chart Symbol Series.
A List box will appear with names in them. You might recognize these names from the names given to your portfolio pages, Detailed Quote Pages and Scan pages. For example if you had a detailed quote page with your list of stocks in them named DQUOTE you can now click on DQUOTE.qpa in the list box. That will select that particular page as your chart symbol series page. Now all you have to do is go Chart Next and Chart Previous to view these Charts. You can also view Scan results. They have the extension .sca or .scn
Link Displayed Charts
This option links all the open chart windows to a single symbol. If you change a symbol in one chart it will automatically change on all other Charts. This could be useful if you had a screen setup with 10 different charts each of them had a different indicator in them. By simply changing one chart they would all change to the same symbol allowing you to study the indicators for each chart.
Creating New Baskets
A Basket is a collection of stocks combined as one. A basket is very much like a stock index. Baskets can be useful to see how a certain set of stocks performed against another set of stocks.
Click on Tools and then click on Create New Basket
A page will open asking you for a basket name. This is a generic name chosen by you. You can use this name in the future to recall the basket. Enter a name, for example MYBSK and press Ok.
Next enter a list of stocks into baskets stocks selection
You can also import symbols into this box from your portfolio pages by clicking on import symbols.
The box that you input data into works like a standard spreadsheet. Use the Arrow keys and Insert and Delete keys to move around in it. To remove all stocks from the box click on remove symbols. You can lookup symbols by clicking on lookup symbols.
Be sure to enter the Name with an extension when adding symbols. Symbols from different exchanges can be imported. The start date of the basket tells how far back to go when creating the basket. You can click on the down arrow in the above image to have an unfolding calendar come up.
Edit Existing Basket
Let’s you edit and change a previously created basket.
1.Click on tools and then edit existing basket
2. Select the basket to edit from the list box.
3. Make changes to your basket.
4. Press Ok again.
Creating a New Scan
Click on Tools and then click on Create New Scan.
Enter a name of the scan for example MAX and click Ok. Now click on add.
A list of available scans will appear. Click on moving average crossover buy and click Ok.
Click on moving average crossover buy in the list box. Click on customize.
Change the moving average to 10 and 20 by typing in 10 for indicator 1 and 20 for indicator 2. Now click Ok. Click on scan now. Make sure you have the extension you want to scan.
This for example tells us to scan US commodities or you can change it to other extensions that you have access to Now click on Scan.
The computer will scan the list and display all the symbols that show a buy based on the scan.
Click on exit. Click on Ok.
You should be back at a chart.
Click on data and then on Chart Symbol Series.
Select MAX.SCA from the list and press Ok.
Now add a 10 and 20 day moving average to the chart as referred to in the Adding Indicators section.
You can now use data forward and data backward to look through the charts.
Refer to ICON BAR.
Edit Existing Scan
Use this option to go and scan a previously created scan or to change a previously created scan.
Click on Tools, then Edit Existing Scan.
Select a scan from the list box and press Ok.
Click on Scan Now.
Click on Scan to scan.
InstaQuoteTM Portfolio Page
Portfolio Analysis Window
To open a New Portfolio Window click on new window and then portfolio analysis, create new for a new portfolio page or open existing to open a previously created page. Enter the name of your new page or select the name of a previously created page from the list box.
Inserting, Deleting, ICON BAR, Sorting, Colours
The Portfolio Page operates in very much the same way as the detailed quote page as far as basic operations. The above operation were covered in the detailed quote page section of the manual. The following section of the manual will assume that you are familiar with the basic operations.
Portfolio Page Columns Explained
Date : Enter nothing here. This is the Date and Time of the last trade price or closing price from the symbol that you will enter.
Symbol :Enter the Symbol for stock or commodity that you purchased. For Example IBM.US0. Be sure to add an extension. This will ensure that a chart is being created from your portfolio.
Shares :The number of shares purchased either positive for long or a negative number if you were selling short. If it is a commodity enter the number of contracts here.
Entry Price : The price that you entered the commodity or stock at. For example 101.5 or 101 ½ or 118 23/32 etc.
Current Price: This price will automatically be retrieved when you enter a Symbol.
$Value : The value of the stock IE Shares * Current Price. If it is a commodity this value will be zero. The $Value assume that prices are quoted in $ if they are quote in cents you must divide your number of shares by a 100 or look at the price multiplier feature that will follow.
$Gain : The price gain or loss since you purchased the stock. IE (Shares * Entry Price) – (Shares * Current Price)
$ Day Chng: The $ gain or loss for the day.
Price Multiplier :This by default is 1 for stocks quoted in $. If your stock is quoted in cents make the multiplier 0.01 or if you are trading commodities you will normally enter the contract size in here for example 125000 for the Swiss Franc, 62500 for the British Pound. The software will use the last entered value as the default when you add a new row.
Entry Commission : The $ Value that you paid in commissions. This field is optional. This will effect your $Gain.
Exit Commission : The $ Value that you paid in commissions. This field is optional. This will effect your $Gain.
Date In : Enter your entry date in the format MM/DD/YYYY
Date Out : Enter the exit date in the format MM/DD/YYYY
Portfolio Statistics
Every Portfolio Page contains the Portfolio Stats section.
Market Value :The combined value of all stocks.
$ Day Change :The $ value that your portfolio increased or decreased from the previous trading day.
Enter Cash Balance: Enter the available cash balance here.
% Day Change : The % Value that your portfolio changed from the previous trading day.
Cash + Stocks : This is The Market Value + Cash Balance.
Total Profit&Loss : The total profit and loss for the portfolio based on the current open positions entry prices and current prices.
Charting Your Portfolio
InstaQuoteTM Option Analysis
New Option Analysis Page
Option Analysis Page Explained
Once the Option Analysis page is opened you will see that the page is divided into 2 main sections calls and puts. Each section has an input section and a table section that displays all the option information. To move between fields in the input section use the tab and shift tab key or the mouse. Note that if you make a change in the input section the table will recalculate when changes are made. We will explain how the call section and the put section work in exactly the same way.
Price: Enter the current price of the stock.
Expiration Date: This is the date that the option expires. Click on the down arrow to open a calendar to select the expiration date from. To recalculate after a date change you have to tab over to the next field after changing the date.
Interest Rate: Enter the Short-term risk free interest rate here.
Volatility: Enter the Volatility of the stock or commodity here. Read the section on volatility estimation for more information on selecting the Volatility.
Strike Price: This is the strike price of the option.
Strike Increment: This is not a required option for estimation. This feature is there to tell the table section to increase the strike price by this amount and to show the Greek’s based on the different strike prices.
As you can see from the above table the table values show the strike prices in increments of 5. All Greek values are displayed in the columns next to the strike price. For more information on the Greek values read the section on Greeks explained.
View Fields
You can turn the columns that are displayed in the table section on and off from view located on the menu bar.
Note that the fields Last, Bid, Ask, Bid Size, Ask size, Implied Volatility and Historic Volatility are limited to the Real Time versions of the software.
Radix
The radix drop down box enables you to display the option values in a format other the decimals. For example if you were looking at US Bonds you would select a radix of 1/32 to display theoretical values in 1/32’s
Expiration Month
Volatility Estimation
What if Analysis
You have used the volatility estimation section to determine the volatility the market charges for a particular option. However in thinly traded markets or markets with low volumes market volatility can sometimes be way off. There is another way to determine if these values are at least in the ballpark. Open a chart and select the symbol of the future or stock that you are analyzing. From indicators add historic volatility. Here is an example of 6-month historic volatility for the Dmark futures.
The historic volatility chart shows a high of 11% and a low of 7%. To determine fair value you have to take the median price, which is about 9%. People often make the mistake of taking the last indicated value in this case 7%.
Greeks Explained
Theoretical Value
Delta
Gamma
The higher the Gamma value is the more the delta will change when the underlying price changes. The closer the market price is to the strike price and the closer the maturity is to the expiration date, the higher the gamma will be. Gamma tells you that for every one point move in the underlying asset, the delta will move the value of gamma. For example IBM is at 100 with a delta of 50.25 and a gamma of 2.25, if IBM moves to 101 the delta will go to 50.25 + 2.25 = 52.50
Vega
The Vega measures the effect that a 1 % change in volatility will have on the value of the option. For example the futures price is 1.555 the volatility is 10% and there are 30 days to expiration. The price of a 1.525 call option is 0.0378 with a vega of 0.0014. If the volatility increases to 11% the price of the option increased to 0.0378 or the priced changed by 0.0014 which is approximately the same amount as indicated by vega.
Theta
Theta tells you the amount that the option will decrease in one day due to time decay. For example the theoretical value of the option is 1.20 the theta is 0.15 that means that if everything else stays the same the value of the option will be 1.05 tomorrow.
Rho
Rho measures the exposure the position has to a change in interest rates from today until expiration. In most cases the interest rate impact on options is nominal. For certain kinds of options especially long dated options the impact can be significant.
Breakeven Probability
The breakeven probability measures the chance you have of breaking even on the trade. Far out the money options will have a low breakeven probability while in the money options will have a higher breakeven probability.
InstaQuoteTM News and Alerts
The News Window enables the you to view real-time news headlines and full-length stories. Simply by clicking on new window, which is located on the menu bar, then click on News then enter a user desired symbol. All headlines for the imputed user desired symbol will appear. To read a full-length story, simply click on the corresponding desired headline.
The Alert Window enables you to be notified once a symbol has reached new highs, new lows or has news. Simply input the user desired symbol parameters and InstaQuote will prompt you both visually and audibly upon execution. You may enter any number of symbols and enable/disable any combination of options.
You can modify the Alert Window options by clicking on the arrow next to the desired field. You may turn on/off to enable/disable by clicking on the desired command. This procedure may be repeated for each individual feature within the Alert Window.
InstaQuoteTM Printing
InstaQuote allows you to print in different formats and to different devices.
Printing to File
Printing to bitmap allows you to save the current active window as a bitmap. This could be useful if you want to use the current page in a document or a web page. From File, Print select File Bitmap. The program will request a name and location to print the current page to. The file will be saved as a bitmap image.
Printing to Printer
You can share information with your clients or friends by emailing a copy of the current page to them. Click on File, Print and select Email Bitmap.
A file by the name of EMAIL$$$.BMP is automatically attached. This is a bitmap image of the current page. You can attach more files by clicking on attach file or you can delete files by clicking on the file name in the box and pressing the delete key.You must enter the name of the mail server in the Mail Server field before you can send email. You can obtain this address from your Internet service provider. Fill out the From, To and Subject Fields. You can write a note if you want in the input box where it says Dear. Press send mail to email the message.
INTRODUCTION - Technical Analysis
Some history
The term technical analysis is a complicated sounding name for a very basic approach to investing. Simply put, technical analysis is the study of prices with charts being the primary tool. The roots of modern day technical analysis stem from the Dow Theory, developed around 1900 by Charles Dow. Stemming from the Dow Theory, these roots include such principles as the trending nature of prices, price discounting all known information, confirmation and divergence, volume-mirroring changes in price, and support/resistance.
The future can be found in the past
Technical analysis is the process of analyzing historical prices in an effort to determine probable future prices. This is done by comparing current price action with comparable historical price action to predict a reasonable outcome. A technician might define this process, as the fact that history repeats itself while others would say that we should learn from the past. Technical analysis is based almost entirely on the analysis of price and volume.
Charts
The foundation of technical analysis is the chart.
A line chart is the simplest type of chart; the single line represents the security's closing price on each day. Dates are displayed along the bottom of the chart and prices are displayed on the side.
A bar chart displays a security's open (if available), high, low, and closing prices. Bar charts are the most popular type of security chart.
Candlestick charts display the open, high, low, and closing prices in a format similar to a modern day bar chart, but in a manner that extenuates the relationship between the opening and closing prices. Candlestick charts require Open, High, Low and closing prices. Rising prices are generally accompanied by empty lines while falling prices are accompanied by filled in lines.
Indicators
An indicator is a mathematical calculation that can be applied to a security's price and/or volume fields. The result is a value that is used to anticipate future changes in prices. A moving average fits this definition of an indicator, it is a calculation that can be performed on a security's price to yield a value that can be used to anticipate future changes in prices.
There are two basic types of indicators making up the larger group.
Lagging Indicators
Moving averages are examples of trend following, or lagging indicators. These indicators are superb when prices move in relatively long trends. They don't warn you of upcoming changes in prices, they simply tell you what prices are doing so that you can act accordingly. Trend following indicators can greatly reduce your risk by indicating market trends.
Leading Indicators
These indicators help you profit by predicting what prices will do next. Leading indicators provide greater rewards at the expense of increased risk. They perform best in sideways, trading markets. Leading indicators typically work by measuring how overbought or oversold a security is. This is done with the assumption that a security that is oversold will rise.
What type of indicators you use, leading or lagging, is a matter of personal preference. Experience has demonstrated that most investors are better at following trends than predicting them. However, many successful investors prefer leading indicators and much success is attributed to them.
Trending prices versus trading prices
There have been several trading systems and indicators developed that determine if prices are trending or trading. The approach is that you should use lagging indicators during trending markets and leading indicators during trading markets. While it is relatively easy to determine if prices are trending or trading, it is extremely difficult to know if prices will trend or trade in the future.
Price and Volume
Technical analysis is based almost entirely on the analysis of price and volume. The fields, which define a security’s price and volume, are explained below.
Open - This is the price of the first trade for the period. When analyzing daily data, the Open is especially important, as it is the consensus price.
High - This is the highest price that the security traded during the period. It is the point at which there were more sellers than buyers are.
Low - This is the lowest price that the security traded during the period. It is the point at which there were more buyers than sellers.
Close - This is the last price that the security traded during the period. Close is the most often used price for analysis.
Volume - This is the number of shares (or contracts) that were traded during the period. The relationship between price and volume is important.
Open Interest - This is the total number of outstanding contracts (i.e. those that have not been exercised, closed, or expired) of a future or option. Open Interest is often used as an indicator.
Bid - This is the price a market maker is willing to pay for a security (i.e. the price you will receive if you sell).
Ask - This is the price a market maker is willing to accept (i.e. the price you will pay to buy the security).
These simple fields are used to create literally hundreds of technical tools that study price relationships, trends, and patterns and aid entry and exit points.
Note: Not all of these price fields are available for all security types, and
some quote providers publish only a subset of these.
Scan using Market Indicators
InstaQuote offers another group of technical analysis tools designed to help you gauge changes in securities within the entire database. These indicators are usually referred to as Market Indicators and can be found within the Scan feature. InstaQuote offers numerous indicators for the overall market. For example, the number of stocks that made new highs for the day, the number of stocks that increased in price, the volume associated with the stocks that increased in price, etc. Market indicators add significant depth to technical analysis, because they contain much more information and can scan the entire database. A typical approach is to use market indicators to determine where the overall market is headed and then use price/volume indicators to determine when to buy or sell an individual security.
Categories of market indicators
Market indicators typically fall into three categories: monetary, sentiment, and momentum.
Monetary Indicators concentrate on economic data such as interest rates.
Sentiment Indicators focus on investor expectations.
Momentum Indicators show what prices are actually doing, but do so by looking deeper than price.
Given the above three groups of market indicators, we have insight into:
InstaQuoteTM Indicators Explained
Technical Indicators are very complex in their composition and a full explanation of each of them is beyond the scope of this manual.
Below is a brief summary in order of importance and the applied use.
Moving Average
Moving averages are one of the oldest and most popular technical analysis tools. A Moving Average is an indicator that shows the average value of a security's price over a period of time. When calculating a moving average, a mathematical analysis of the security's average value over a predetermined time period is made. As the securities price changes, its average price moves up or down. There are five popular types of moving averages: simple (also referred to as arithmetic), exponential, triangular, variable, and weighted. A moving average of another moving average is also common.
This mathematical procedure smoothes or eliminates the fluctuations in data and is used to assist in determining when to buy and sell. Moving averages emphasize the direction of a trend, confirm trend reversals and smooth out price and volume fluctuations or "noise" that can confuse interpretation of the market; the sum of a value plus a selected number of previous values divided by the total number of values.
Trends
A trend represents a consistent change in prices (i.e., a change in investor expectations). Trends differ from support/resistance levels in that trends represent change, whereas support/resistance levels represent barriers to change. A falling trend is defined by successively lower high prices.
A rising trend is defined by successively higher low prices. Volume is the key to determining the significance of the penetration of a trend.
Support Levels
Support levels indicate the price where the majority of market participants believe that prices will move higher, and resistance levels indicate the price at which a majority feels prices will move lower.
MACD
Moving Average Convergence/ Divergence. The crossing of two exponentially smoothed moving averages that are plotted above and below a zero line. The crossover, movement through the zero line, and divergence’s generate buy and sell signals. MACD can also be used to indicate overbought and oversold conditions. When the shorter average pulls away from the longer average an overbought or oversold condition occurs.
Gann Angles
A Technique using geometric angles in conjunction with time and price believed that the ideal balance between time and price exists when prices rise or fall at a 45-degree angle relative to the time axis. This is also called a 1 x 1 angle.
Elliott Wave Theory
The Elliott Wave Theory is based on a basic pattern made up of eight waves, five up and three down. The theory behind this indicator is building up and pulling down. The basic concepts of the Elliott Wave Theory are
The underlying 5-3 pattern remains constant, though the time span of each may vary. The basic pattern is made up of eight waves
Fibonacci
Mathematical indicators using a sequence of numbers in which each successive number is the sum of the two previous numbers. There are four popular Fibonacci studies: arcs, fans, retracements, and time zones. The interpretation of these studies involves anticipating changes in trends as prices near the lines created by the Fibonacci studies.
The following Indicators are not as commonly understood however are powerful trading aids when applied.
Moving Average Envelopes
A mathematical procedure to smooth or eliminate the fluctuations in data and to assist in determining when to buy and sell. An envelope consists of two moving averages each shifted a certain % up and down. Envelopes define the upper and lower band of a securities normal trading range. Buy signal is given when the price reach the lower band and a sell signal is given when the price reach the upper band.
Bollinger Bands
Bollinger Bands is a trading range plotted at standard deviation levels above and below a moving average. As with moving average envelopes the prices tend to stay between the upper and lower band.
Mr. Bollinger noted the following:
Sharp price changes tend to occur after the band tightens and volatility lessons.
When prices move outside the band a continuation of the current trend is implied.
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands calls for reversals in the trend.
A move that originates at one band tends to move all the way to the other band.
Relative Performance
A relative performance chart shows the relationship between two stocks by dividing the price of the first security by the price of the second security. Often similar type stocks such as the same class stock for Ex. a class A and Class B share stays relatively in the same relationship to each other. Use this feature to track when these relationships deviate. Another feature is to use this to compare a stock or portfolio to an index to determine a relative comparison.
Spread Chart
A chart in which two related contracts/stocks/bonds/options are traded to exploit the relative differences in price change between the two.
Slow Stochastics
A slow stochastic is displayed as two lines %K and %D. The following are common interpretations for using this indicator.
When either %K or %D falls below a certain level like 20 or rise above a certain level like 80 a buy and sell signal occur.
Buy when %K rises above %D line below 20-25 and sell when %K drops below %D above 75-80
Look for a divergence where prices are making new highs and lows while stochastics fail to make new highs and lows.
Williams %R
Overbought and oversold indicator that is used to determine market entry and exit points. Readings in the Range of 80-100% indicate overbought conditions while readings in the range of 0-20% indicate oversold conditions. Look for %R to reach a trough or peak and to turn a couple of days before the price turns.
Price Volume Trend
In which a running sum is maintained when a portion of the days volume is added if the market closes positive and a portion of the days volume is subtracted if the market closes lower. How much prices rose or fall from the previous day determines the amount of volume added. The interpretation of PVT is similar to that of OBV.
Accumulation/Distribution
A momentum indicator that associates changes in price and volume. Look for a divergence between this indicator and the price of the underlying security to signal a change in trend.
Average Directional Index
Indicator used to measure market trend intensity. Look for the ADX to be above 25 to indicate that a market is in an established trend.
Directional Movement
Compare the 14-day +DMI and –DMI. Wilder suggest buying when +DMI rises above –DMI and selling when +DMI falls below –DMI. Wilder qualifies these rules with the "extreme point rule" For example if +DMI falls below –DMI you should wait for the price of the security to drop below the price of the Low reached on the day of the crossover. So +DMI falls below –DMI and the low for the day is 105 and the market closes at 107. You wait for prices to drop below 105 before selling.
Chaikin Oscillator
An oscillator created by subtracting a 10-day EMA from a three-day EMA of the accumulation /distribution line. Look for a divergence where prices reach a new high or low and the Oscillator fails to exceed its previous extreme readings.
Divergences
Indications that an end to the current trend may be near and occur when the MACD diverges from the security.
Relative Strength Index
Wilder recommends using a 14-day RSI. The RSI is a price following indicator that ranges between 0 and 100. Look for a divergence where the security makes a new high and the RSI fails to confirm this. The divergence signal n reversal in trend. The RSI usually tops above 70 and bottoms below 30. The RSI often form head and shoulder patterns that are not visible on a chart. RSI sometimes show more clearly than the chart support and resistance levels.
Price Oscillator
The Price Oscillator displays the difference between two
moving averages and generates buy signals when a short-term
moving average rises above a longer-term moving average.
Detrend Price Oscillator
Detrend price Oscillator eliminates the trend in prices. DPO removes all long-term cycles allowing you to focus on short-term price cycles and help you identify major turning points in long-term cycles.
On Balance Volume
The basic assumption is that OBV changes precede price changes. If the securities price movement precedes OBV a nonconfirmation has occurred.
Nonconfirmations can occur at market tops and bottoms. When OBV breaks out of it’s current trend IE makes a new high the stock should be bought based on the interpretation that price will follow. On balance volume is designed to trade short-term cycles.
Volume Oscillator
The Volume Oscillator displays the difference between two
moving averages of a securities volume.
Parabolic SAR
The Parabolic Time/Price System is used to set trailing price stops usually referred to as the SAR (stop-and-reversal).
Negative Volume Index
The Negative Volume Index focuses on days where the volume decreases from the previous day. For long term signals use a 255 day moving average.
Positive Volume Index
The Positive Volume Index focuses on days where the volume increases from the previous day. For long term signals use a 255 day moving average.
Volume x 1000
Amount of security traded multiplied by 1000.
Time Series Forecast
The time series forecast is based on linear regression analysis. Rather than plotting a straight linear regression trend line the time series plots the last point of a multiple linear regression trend line. Time series forecast can be used in the same way as moving averages. Time series has the advantage of showing a change in trend quicker than a moving average. It is especially useful in markets that are in sharp trends when the moving average lags way behind.
TRIX
An advance/decline stock market indicator. A reading of less than 1.0 indicate bullish demand, while greater than 1.0 is bearish. The index is often smoothed with a simple moving average.
Tirone Levels
Series of horizontal lines that identify support and resistance levels.
DMI Difference
Directional Movement indicator involving comparing the 14-day +DI (Directional Indicator) and the 14-day -DI.
Momentum
Displays the rate of change of a securities price as a ratio. You can use momentum as a trend following indicator, buying when it bottoms and turn up and sell when the indicator peaks and turn down. If momentum reaches an extreme high or low you should see it as a continuation of the current trend.
Volume Rate of Change
The Volume ROC shows the speed at which volume is changing.
Price Rate of Change
The Price Rate of Change indicator displays the difference between the current price and the price x-time periods ago. Use a 12 – 25 period for intermediate term trading. The higher the ROC the more overbought the market is and the lower the ROC the more oversold it is. It is a good idea to wait for a market turn before entering a short trade as markets can stay in overbought and oversold conditions for long periods of time.
Historic Volatility
Historic volatility is a measure of how volatile a stock has been. Since stocks regress to a mean volatility it can be expected that stocks will return to their mean volatility after periods of high and low volatility. Volatility also plays a big role in determining the fair value of options. The historic volatility that InstaQuote calculates is the same volatility used in option analysis packages.
Linear Regression Lines
A linear regression line uses the least square method to plot a straight line through prices so as to minimize the distance between the prices. In an upward sloping regression line one can expect tomorrows prices to be relatively close to today’s prices. Extending the line forward one day gives you an indication of where tomorrows close might be. Linear regression lines are often drawn as channels with the bottom channel providing support and the top channel providing resistance.
Zig Zag
The zig zag filters out changes in an underlying plot that are less than a specific amount. For example a 5% zig zag will only change direction after a 5% move up or down from the previous turn.
Andrews
Is a line study consisting of three parallel trend lines based on three points you select.
Trend Lines
A trend line is a line that is drawn between two or more prominent points on a chart. Rising trends are drawn from connecting prominent lows while falling trends are drawn from connecting prominent highs. Trend lines indicate support and resistance levels. Another way to draw trend lines is to draw it from a low to a low and to then extend it. This extended trend line indicates support and resistance levels for future price movement. For example you draw a trend line from low to low the line got broken indicating a change in trend, this extended broken trend line becomes resistance for the market when it moves back up.
Fibonacci Arcs
Fib arcs are drawn from two extreme points, a trough to a peak. The lines represent support and resistance levels.
Fibonnaci Retracemants
Fib retracements are drawn between a significant top and bottom on the chart. The retracement levels indicate support and resistance. In strong up trending markets look for markets to retrace no further than the first support level. Look for a trend reversal if the 50% retracemant line is broken.
Gann Angles
Gann believed that the ideal balance between time and price exists when markets prices rise or fall at a 45-degree angle. A bull market is intact if prices remain above the 45% line and vice versa. Gann observed that each of the Angles can offer support and resistance based on the trend.
The following section provides a brief explanation of the scanning features. In most cases only the buy side is explained as the sell signal is exactly opposite to the buy signal. For information on how to add and delete scans refer to the chart section of the manual.
Biggest % Gainers
Y Biggest % Gainers over last x days. This will return the Y biggest gainers over the period x. For example to find the 50 biggest gainers over the last year select 50 for "Number of results" and 252 for "Number Days to Consider". This will compare today’s closing price with the closing price of 252 days ago and select the 10 biggest gainers over this period. Note that this represents actual trading days that is why it is 252 and not 365.
New Highs
This will return the stocks that had a higher high today than the highest high over the specified period. For example to find the stocks that made a higher high today than over the previous year use 252 as the "Number of days to consider".
Bollinger Band Buy
Bollinger band buy will scan for all stocks that penetrated the lower band. Bollinger band buy requires 3 variables. The first is the bollinger average the second is the standard deviation for the upper band and the third is the standard deviation for the lower band.
MACD Buy
Macd buy will scan for stocks where the shorter average crosses over the longer average. MACD requires 3 variables. These are the same variables required for a standard MACD chart.
Momentum Buy
A momentum buy signal is generated when momentum crosses over from below zero to above zero. The one variable required is the same variable required for a momentum chart.
Moving Average Cross Over Buy
A buy signal is given when the shorter average crosses over a longer average. This signal requires two variables. The first is the Moving Average of the shorter period and the second the moving average of the longer period.
Moving Average Envelope Buy
A buy signal is given when the price penetrates the lower band. Three variables are required. The length of the moving average, the % displacement of the upper band and the % displacement of the lower band.This signal uses simple moving averages.
Moving Average Penetration
This can be a buy or sell signal. This signal determines which stocks penetrated the moving average IE either the high or low traded through the moving average. This signal requires one variable the length of the moving average. This signal uses simple moving averages.
Negative Volume Index Buy
A signal is given when NVI crosses over from below the Moving Average. This signal requires one variable the length of the moving average. A simple moving average is used as a moving average.
Positive Volume Index Buy
A signal is given when PVI crosses over from below the Moving Average. This signal requires one variable the length of the moving average. A simple moving average is used as a moving average.
Rate of Change Buy
A signal is given when ROC crosses over from below the zero line to above the zero line. This signal requires one variable the same variable used for the ROC chart.
Relative Strength Index Buy
A signal is given when RSI crosses over from below the indicated variable to above it. 30 is normally used in a buy signal and 70 in a sell signal.. This signal requires two variables, the length of the RSI and the crossover line level.
Slow Stochastics Buy
A signal is given when %K line crosses over the %D line below a certain level. This signal has three variables. %K value %D value and the level below the crossover has to occur.
Connecting to the Server
End of day users can collect data in 2 ways. They can use Msdload to download the data and store the entire database locally or they can connect to the InstaQuote servers and retrieve only the data that they request.
In the user name and password fields enter the user name and password supplied by your sales representative. Then click connect to connect to the servers. Your pages will be updated with the most recent information.
You can view and supply more information from the above Window by sizing the above Window it will look like the image below.
The Host Name is the name or address of the server to connect to. You should leave the default settings unless otherwise instructed. The Port is the port number that you connect on, to the servers.You can Send Messages to another user on the system provided that you know there User Name. In the field next to "To User" type in the user name of the other party. In the White box that says "Type your message here" type the text that you want to send to another user. Click Send Message to send the message to that user. If the other user is online the message that you send him will be echoed back to you and displayed in the white box, if the other user is not online nothing will be echoed back to you.
Touble Shooting
You might not always be able to connect to the remote server. This can be because the server is not currently running or the server cannot be reached for some or other reason. Always make sure that you are connected to the Internet before trying to reach the server. You should try again later to reach the server. If the problem persist for more than a day you will kneed to contact support.
InstaQuote Time & Sales
Time & Sales allows you to view price changes, Market Maker Bid/Offer changes and trade information on a second by second basis as it occurred during the trading day.
Create New
Click on New Window, Time & Sales.
A blank Time & Sales window will appear. Enter the name of the security/instrument
in the blamk field.
At this point, the Time & Sales window will collect data as it occurs from that point forward. To retrieve Historic Time & Sales information, click on "get data", which is located in the Time & Sales window.
Time & Sales, Fields Explained
Time = This field indicates the time the security/instrument traded or a Market Maker changed Bid/Offer information.
Price = This field indicates the trade price or Bid/Offer price.
Size = This field indicates the size or number of shares. Please note, NASD Market Maker Bid/Offer are usually posted in hundreds.
Exchange = This field indicates which exchange the security/instrument traded at.
Type = This field denotes regular trades and can further indicate special conditions that occurred. For example, out of sequence, cancel, fast market conditions etc.
MMID = This field indicates the ID of the firm that posted a Bid/Offer.
Setup
Colors & Fonts = Allows you to color-code different trade conditions to easily distinguish them in the Time & Sales window. Please refer to the Detailed Quote Window section of this manual for more detailed information on setting up color & fonts.
Reset Defaults = This function restores the Time & Sales window to the original default settings. i.e. colors, fonts, and sizes.
View
This function enables you to turn individual fields on and off that are displayed in the Time & Sales window. i.e. MMID, price, time etc.. Please note, even though a field may be turned off the information is still stored and may be redisplayed by turning the field back on.
Show
When this field is turned on all Market Maker Bid/Offer information will be displayed.
Scroll Back in Time and Sales Window
The window is continuously updated as quotes come in and the cursor is moved to the top row. In order to put the Window in Scroll mode click on a row other than the top row. The position of the cursor will stay station and you can browse the window at will. To put it back in update mode click on the top row or press Cntl+Home
InstaQuote Alerts
The Alerts windows visually and audibly notifies you once a security/instrument you selected has news, exceeds a volume requirement, passes above/below a price that you selected and if a new high or low has been attained.
Create New
Click on New Window, Alerts. A blank Alerts window will appear. Enter the name of the security/instrument in the symbol field.
Alerts, Fields Explained
Alert Status = In this field you may turn on/off the alert for the security/instrument you have entered in the symbol field.
Symbols = In this field you may enter the desired symbol/instrument that you want to be alerted for.
Last Price = This field indicates the most current trade price.
Last >= = In this field you may enter a price in which you want to be notified once the security/instrument has exceeded. For example, a stock is now trading at 85, you may want to sell if the stock goes to 86, if you enter 86 in this field you will be audibly and visually notified once the security/instrument has reached the price.
Last <= = In this field you may enter a price in which you want to be notified once the security/instrument has declined. For example, a stock is now trading at 85, you may want to buy sell if the stock falls to 82, if you enter 82 in this field you will be audibly and visually notified once the security/instrument has reached the price.
Volume >= = In this field you may enter a volume/share amount in which you want to be notified once the security/instrument has exceeded. For example, a stock is now has traded 750,000 shares, you may want to buy/sell if the stock trades 1,000,000 shares, if you enter 1,000,000 in this field you will be audibly and visually notified once the security/instrument has reached the volume.
New High = In this field you may turn it either on or off. If the field is on, you will be notified once the security/instrument has reached a new 52 week high in a trade price.
New Low = In this field you may turn it either on or off. If the field is on, you will be notified once the security/instrument has reached a new 52 week low in a trade price.
News = In this field you may turn it either on or off. If the field is on, you will be notified once the security/instrument has a new news story.
InstaQuote NASD Level II
NASD Level II window allows you to view, Market Maker Bid/Offer changes, price changes and trade information on a second by second basis as it occurs during the trading day. Additionally, NASD Level II window allows you to view the day high/low, previous price and volume. Moreover, NASD Level II windows allow the user to view Bid/Offer volume. This feature shows how many shares were traded at the current Bid price and how many shares were traded at the current Offer price.
Create New
Click on New Window, NASD Level II.
A blank NASD Level II window will appear. Enter the name of the security/instrument
in the symbol field.
NASD Level II, Fields Explained
MMID = This field indicates the ID of the firm that posted a Bid/Offer.
Bid = This field indicates the price the Market Maker is willing to pay for the security.
Ask = This field indicates the price the Market Maker is willing to sell the security for.
Size = This field indicates the size or number of shares. Please note, NASD Market Maker Bid/Offer are usually posted in hundreds.
Time = This field indicates the time the security/instrument traded or a Market Maker changed Bid/Offer information.
Setup
Colors & Fonts = Allows you to color-code different trade conditions to easily distinguish them in the Time & Sales window. Please refer to the Detailed Quote Window section of this manual for more detailed information on setting up color & fonts.
Reset Defaults = This function restores the Time & Sales window to the original default settings. i.e. colors, fonts, and sizes.
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