Interaction Effect Now Available

Clients can now include the Interaction Effect in Telemet Orion’s Multi-Style Attribution!  When selecting criteria for your attribution, simply check off Interaction Effect within the Settings Tab as shown in the example below.

ETF Ticker Types

Telemet Orion provides the following Ticker extensions for ETF Net Asset Value (NAV), Estimated Cash per Creation Unit (EC), Intraday Indicative Value (IIV), Shares Outstanding (SO), and Total Cash (TC).  An example is shown below.

Example:

Research Mutual Funds (cont.)

Within Telemet Orion, users may view Mutual Fund reports by navigating to Research>Mutual Funds from the Display menu.  Next, enter the symbol and click Get Quote.  The report generated contains the Investment Strategy and Information, Performance, and Distributions.

Research Mutual Funds

To view the Best and Worst Performing Mutual Funds, go to Display>Research>Mutual Funds.  The Trailing Returns for various periods like 1 Day, 1 Week, 4 Weeks, 3 Months,  and YTD can then be printed or exported.

Instantly Add Upper and Lower Indicators to Charts

From any Telemet Orion Chart, users can immediately Add, Change, or Remove Upper and Lower Indicators by clicking the Quick Study icon from the Toolbar.

Chart Money Flow

Money Flow can be added to many Telemet Orion Charts through the Lower Indicators menu within Options.  Simply select Money Flow from the drop down menu. 

This momentum indicator uses the current and previous high and low prices to determine price direction, then weights price changes by volume to indicate whether money is flowing into or out of a stock. When rising prices are accompanied by increasing volume, the indicator curve displays positive values, suggesting investors are buying the security. Negative money flow indicates investors are selling.

Interpretation: Buy when MF>0. Sell when MF<0

Chart Advance Decline

The Advance-Decline chart can be accessed from any Telemet Orion screen.  Simply select Charts > Advance-Decline Line from the Display menu.

The Advance-Decline Line is a cumulative market breadth indicator. The Telemet Orion symbol for the indicator in ADVDCL-I.   It can be compared to a general Market Index or any Issue

The index is calculated by taking the difference between the number of advancing issues and number of declining issues and adding that difference to the previous day’s running total. Daily New York Stock Exchange data is used in the calculation.

Interpretation of the Advance-Decline Line is commonly performed as follows:

Market Index	Advance-Decline Line	Interpretation
Rising	Falling	Bearish
Near or at previous top	Significantly below corresponding top	Bearish
Near or at previous top	Significantly above corresponding top	Bullish
Falling	Rising	Bullish
Near or at previous bottom	Significantly above previous bottom	Bullish
Near or at previous bottom	Significantly below previous bottom	Bearish

Chart TICK (Short-term Trading Index)

TICK can be added to many Telemet Orion Charts through the Lower Indicators menu within Options.  Simply select TICK from the drop down menu. 

This is a short-term breadth indicator that provides an instantaneous measure of market strength based upon price movement of individual issues. At any moment during the trading day, TICK can be computed for a particular market by subtracting the total number of downtick trades from the total number of uptick trades. Positive (negative) indicator values are generally considered bullish (bearish), but extreme values can signal imminent trend reversals. TICK can be applied to end of day data, but its intraday applications are more commonly used.

Interpretation: Buy (sell) when TICK enters positive (negative) territory.  Look for extremely high or low indicator values to signal price trend reversals.

Chart TRIN (Arms Short-term Trading Index)

TRIN can be added to Charts through the Lower Indicators menu within Options.  Simply select TRIN from the drop down menu. 

Developed by Richard W. Arms, Jr., TRIN is a breadth indicator which measures and compares strength of market advances and declines based upon volume. At any moment during the trading day, TRIN can be computed for a particular market by dividing the ratio of advancing issues to declining issues by the ratio of advancing volume to declining volume. Indicator values less (greater) than one are bullish (bearish), indicating more volume is flowing into (out of) advancing issues as compared to declining issues. TRIN can be applied to end of day data, but its intraday applications are more commonly used.

Interpretation: Buy (sell) when TRIN falls below (rises above) one.

Chart Volume

Volume can be added to many Telemet Orion Charts through the Lower Indicators menu within Options.  Simply select the desired Volume indicator from the drop down menu.  Choices include Volume  – 1 and 2 Ln. Chaikin Accum./Dist, 1 and 2 Ln. Granville On Balance, 1 and 2 Ln. Williams Var. Accum., Index Positive, and Index Negative.

Chart Price Spread

Telemet Orion users can chart the Price Spread between two securities through the Lower Indicators menu within Options.  Simply select Price Spread from the drop down menu.

Chart Price Rate of Change

Price Rate of Change can be added to many Telemet Orion Charts through the Lower Indicators menu within Options.  Simply select Price Rate of Change from the drop down menu.

Chart Williams %R

Telemet Orion users may easily add a Williams %R oscillator to Charts through the Lower Indicators menu within Options.  Simply select Williams %R from the drop down menu.

This price velocity oscillator developed by Larry Williams depicts the exact negative inverse of the stochastic oscillator. The current period closing price is compared to the recent trading range to indicate overbought and oversold conditions. Large (small) negative values indicate oversold (overbought) conditions.

Interpretation: Buy (sell) when indicator curve extends below (above) a threshold level (usually -80 for buys and -20 for sells).  Look for divergence between price and %R to signal trend reversals.

Chart Stochastic oscillator

Telemet Orion users may easily add a Stochastic oscillator to Charts through the Lower Indicators menu within Options.  Simply select Stochastic from the drop down menu.  You may customize the Smoothing, Period and other characteristics.  For example, Simple, Weighted, and Exponential MA are all available choices for Smoothing.

Developed by George C. Lane, this is a price velocity oscillator which identifies overbought and oversold conditions by relating closing prices to the security’s trading range during a specific period. The indicator curve, or %K, is smoothed and plotted against a slower, second smoothing of the indicator called the "trigger line," or %D. The %K and %D curves oscillate between zero and 100, indicating the security is trading at the lowest or highest area of its trading range, respectively. Buy and sell signals are given when the faster %K crosses the slower %D or when either curve extends above or below specific threshold levels.

Interpretation: Buy (sell) when both curves extend below (above) a specific threshold (usually 20 for buy signals and 80 for sell signals).  Buy (sell) when %K crosses above (below) %D.  Look for divergence between price and %D to signal trend reversals.

Chart Arms of Ease Movement Index

Arms of Ease Movement can be added to many Telemet Orion Charts through the Lower Indicators menu within Options.  Simply select Arms of Ease Movement from the drop down menu.

Developed by Richard Arms, the Arms of Ease Movement Index combines price and volume to indicate the relative ease with which prices are rising or falling. When a small price change is accompanied by heavy volume, the indicator returns a value near zero, indicating that prices are not moving easily. Conversely, when a large price change is accompanied by low volume, the indicator returns a large positive (negative) value indicating that prices are increasing (decreasing) easily.

Interpretation: Buy when EMV>0. Sell when EMV<0.

Chart Directional Movement

When viewing a historical chart in Telemet Orion users may quickly add Directional Movement (DI+, DI-) or Directional Movement (DX, ADX) by clicking on the Lower Indicators icon within the chart window toolbar. 

Directional Movement (DI+, DI-):

This is a momentum indicator developed by J. Welles Wilder, Jr. Current and previous high, low, and closing prices are compared to measure the magnitude of upside and downside price moves, relative to the "true range." When the difference between today’s high and yesterday’s high is positive, the index displays a positive value on the DM+ curve and zero on the DM- curve, and vice-versa. The more the daily price change approaches or exceeds the true range extremes, the more the indicator curve deviates from the zero line, indicating strong price momentum in the current direction. After the index curves are smoothed for daily price volatility, it is the more positive curve that is used to signal market direction and momentum.

Interpretation: Buy (sell) when DI+ crosses above (below) DI-.

Directional Movement (DX, ADX)

This is a momentum index is used to indicate the magnitude of price directionality. The DX curve indicates the magnitude of change in the DI+ and DI- indicators, and the ADX depicts a smoothed DX. When DX and ADX and are increasing, it is believed prices are exhibiting strong directionality and an appropriate position should be entered. Small DX and decreasing ADX indicate diminishing directionality and provide signals for exiting positions.

Interpretation:  Initiate (exit) positions when ADX is rising (falling).  Expect a reversal of trend when absolute value of difference between DX and ADX becomes large.

Chart Volatility

When viewing a historical chart in Telemet Orion users may quickly add Volatility by clicking on the Lower Indicators icon within the chart window toolbar.  You may customize your Period, Smoothing, and other Volatility components.

Chart Relative Strength

Relative Strength can be added to many Telemet Orion Charts through the Lower Indicators menu within Options.  Simply select Relative Strength from the drop down menu.  Choices include Relative Strength – Comparative, S&P 500, Index, and Stat Number.

Chart Recession Bands

When viewing a historical chart in Telemet Orion quickly add Recession Bands by clicking on the Upper Indicators icon within the chart window toolbar. 

Chart Parabolic SAR

Telemet Orion users may quickly add Parabolic SAR to charts by clicking on the Upper or Lower Indicators icons within the chart window toolbar.  The Extreme Prices can be set to Highs and Lows or Opens and Closes.

Upper Chart with Parabolic SAR:

Lower Chart with Parabolic SAR:

Chart Moving Averages

When viewing a historical chart in Telemet Orion quickly add Moving Averages by clicking on the Upper Indicators icon within the chart window toolbar.  Examples include Moving Average Line 1, Moving Average Line 2, Moving Avg – Conv/Div (MACD), Moving Avg – Conv/Div Percent (MACP), Moving Avg – Percent Bands (Envelope), and Moving Avg – Std Dev Bands (Bollinger).  Within each users may customize various settings such as Smoothing, Days, and Oscillator.

Chart Financials

Financials can be added to many Telemet Orion Charts through the Upper Indicators menu within Options.  Simply select Financials from the drop down menu and then select the data you want to chart from the expandable sections in the bottom left-hand corner of the Upper Indicators window.  Examples include the Adjusted, Basic, and Diluted EPS; EBITDA, Valuation, and Ratios.