Wednesday, November 28, 2012

SierraCharts Modern Tape Reading

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SierraCharts Modern Tape Reading. Daily Report For Dow Jones YM 30 Futures On The 28th of November 2012 . get an outstanding free trial at  Sceeto is a modern version of a tapereader . In the old days someone literally read the tape to decide whether the market is going up or down. Now the markets move too fast to do this manually but we do it for you. Sceeto and it's real time indicators monitor thousands of times more info in miliseconds a lot more than your average pc. Once we detect the presence of high frequency trading bots we alert live right in your preferred platform. Sceeto works in SierraCharts of course ,NinjaTrader , TradeStation and Multicharts and you can think of it like having your very own team of tape readers working for you and helping you win more trades.
text courtesy of Wikipedia Creative Commons
Stock ticker machines are an ancestor of the modern computer printer, being one of the first applications of transmitting text over a wire to a printing device, based on the printing telegraph. This used the technology of the then-recently invented telegraph machines, with the advantage that the output was readable text, instead of the dots and dashes of Morse code. A special typewriter designed for operation over telegraph wires was used at the opposite end of the telegraph wire connection to the ticker machine. Text typed on the typewriter was displayed on the ticker machine at the opposite end of the connection.
The machines printed a series of ticker symbols (usually shortened forms of a company's name), followed by brief information about the price of that company's stock; the thin strip of paper they were printed on was called ticker tape. As with all these terms, the word ticker comes from the distinct tapping (or ticking) noise the machines made while printing. Pulses on the telegraph line made a letter wheel turn step by step until the right letter or symbol was reached and then printed. A typical 32-symbol letter wheel had to turn on average 15 steps until the next letter could be printed resulting in a very slow printing speed of 1 letter per second.[6] In 1883, ticker transmitter keyboards resembled the keyboard of a piano with black keys indicating letters and the white keys indicating numbers and fractions, corresponding to two rotating type wheels in the connected ticker tape printers.[7]
Newer and more efficient tickers became available in the 1930s and 1960s but the physical ticker tape phase was quickly coming to a close being followed by the electronic phase. These newer and better tickers still had an approximate 15-to-20-minute delay. Stock ticker machines became obsolete in the 1960s, replaced by computer networks; none have been manufactured for use for decades. However, working reproductions of at least one model are now being manufactured for museums and collectors.[citation needed] It was not until 1996 that a ticker type electronic device was produced that could operate in true real time.
Simulated ticker displays, named after the original machines, still exist as part of the display of television news channels and on some World Wide Web pages—see news ticker. One of the most famous displays is the simulated ticker located at One Times Square in New York City.
Ticker tapes then and now contain generally the same information. The ticker symbol is a unique set of characters used to identify the company. The shares traded is the volume for the trade being quoted. Price traded refers to the price per share of a particular trade. Change direction is a visual cue showing whether the stock is trading higher or lower than the previous trade, hence the terms downtick and uptick. Change amount refers to the difference in price from the previous day’s closing. These are reflected in the modern style tickers that we see every day. Many today include color to indicate whether a stock is trading higher than the previous day’s (green), lower than previous (red), or has remained unchanged (blue or white).
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