Eiffel - Software - Market Analysis System

Maintainer

Jim Cochrane

Description

The Market Analysis System applies technical analysis to financial markets, with the goal of helping its user make better buying and selling decisions and to help save time by automating some tasks that would otherwise be done by hand.

MAS includes facilities for charting, as well as for automated batch processing of market data.

For those not familiar with technical analysis, it is a set of techniques for analyzing market data, using indicators such as trend lines, moving averages, price momentum, oscillators, etc. to identify changes in market trends. It is based on the observation that "prices move in trends which are determined by the changing attitudes of investors toward a variety of economic, monetary, political, and psychological forces." ["Technical Analysis Explained," by Martin J. Pring]

MAS was previously known as the Technical Analysis Library (TAL).

Versions

1.6.5 (2002-10-20) stable
1.6.6t3 (2004-07-29) beta

Features

MAS has two main components: the Market Analysis System Server (also known as Market Analysis Server) and the Market Analysis GUI Client. The server provides the capability to apply technical analysis indicators to market data. Additionally, the server allows the user to specify a set of criteria (using one more more technical indicators) and apply those criteria to market data, generating buy and sell signals for tradables that meet the criteria.

The current version of the MAS server is written in Eiffel and runs on Linux/Intel and Windows systems. The GUI Client is written in Java and should run on any system with a Java runtime environment (JRE).

The Market Analysis GUI Client (MAGC) provides basic charting facilities, using the server to obtain market and indicator data. MAGC currently displays price data using either standard bar charts or candle charts.

Features of the Market Analysis Server (MAS):

Includes over a dozen system-defined technical indicators such as moving average, momentum, rate of change.
Allows the user to create and save new technical indicators.
Handles stock splits.
Production of weekly, monthly, quarterly, and yearly data from daily data.
Production of 10-, 15-, 20-, 30-minute, and hourly data from 5-minute data and the same set plus 2-minute data from 1-minute data.
Allows user to create and save sets of market-analysis rules.
Analyzes market data using selected market-analysis rules.
Notification by email of buy and sell signals generated by market analysis.
Allows user to add registrants for email of market analysis results.
Provides services to GUI or command-line clients using a socket-based protocol.
One server process can service several GUI clients.
Allows market data to be input from files, from the web, or from a database.

Features of the Market Analysis GUI Client (MAGC):

Provides charts of market and indicator data.
Obtains market and indicator data from the MAS server via a network connection.
Provides choice of candles or price bars.
Provides selection of tradables.
Provides choice of all period types available from the server (daily, weekly, monthly, etc.)
Displays reference dates and values based on current data.
Allows user to run several windows at a time.
Provides configuration of colors for graph components.
Provides configuration of date range for data.
Allows configuration of user-defined reference lines.
Allows printing of charts.