Technical Analysis Software for Stock Market

“Spider Iris Multi Exchange Features

Features””
Operating Manual

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 Content

A. Intraday Data Manager

B. Download Files

C. Chart Types

D. Intraday Comparative Chart

E. Intraday Open Interest chart

F. Market Summary

G. Report Designer

H. All Indices

I. MCX Open Interest Report

J. Event Selector

K. New studies added in Technical Query

L. Auto Trendline

M. Boring Candle

N. Filled Gaps

O. User friendly changes

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A. Intra Day Data Manager

a. Intraday data manager window will allow us to connect all Exchange at one place.
• NSE Cash
• NSE Derivative
• MCX
• BSE Cash
b. Data connecting process has become faster.
c. Status will now notify us when internet connectivity is lost.

d. Now you can manage intraday files from the Manage Files tab.
• Recover Today’s File
• Delete Today’s File
• Delete Pre Day’s File

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B. Download Files

a. Improved Downloader window.

• EOD
EOD: Will show daily data to download for all exchanges which are not downloaded
yet.

• Filelist',, downloader
OldEOD: If we select Overwrite Existing option and then do 'Get Filelist'
will show all daily data files even if it is downloaded.
Use: If daily data is not downloaded properly because of power cut, internet
connectivity problem or any problem then we can directly overwrite daily files without
exiting software.

• Intraday
Intraday: Will show Intraday files of all exchange which are not downloaded yet.
If we select Overwrite Existing option, downloader will show all daily data files even if
it is downloaded.
Use: If daily data is not downloaded properly because of power cut, internet
connectivity problem or any problem then we can directly overwrite daily files without
exiting software. After downloading intraday file, restart software if it is already
connected to live market.

• Select All
All: Select all button will allow us to select all files to download, it will not allow
if Overwrite Existing is selected.

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C. Chart types

a. New Chart types added.

• Point & Figure chart
• Renko Chart
• Kagi Chart
• Darvas Box Chart

It will allow us to analyze historical chart of selected script with new chart types’ feature.

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D. Intraday Comparative Chart

a. Multi exchange software allows us to compare MCX intraday movement of all scrips, with
this feature we can analyze positive and negative scrips of exchange.

E. Intraday Open Interest Chart

a. Multi exchange software will allow us to analyze intraday open interest chart for MCX and
with this feature we can analyze price and open interest in one single window.

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F. Market Summary

a. Multi Exchange software will allow us to analyze all exchanges easily with the use of
Market summary.

• Market Summary BSE

• Market Summary NSE
• Market Summary Derivatives
• Market Summary MCX

With this we can get all exchange summaries such as:

� Top Traded Script list

� Top Gainers list
� Top Losers list
� At 52 week high & low list
� At all-time high & low list

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G. Report Designer

a. Report designer now allows Auto Refresh. With auto refresh feature report designer will
refresh result automatically in live market.
Example: We have seen that on expiry day derivative market closes on cash market
average traded price of last 30 min.
• For this we have to create a new group with the scrips of Derivative and same scrips
which are in cash together.
• After that add column of 30 mins ATP and 30 mins close.
• Select created group with cash & Derivative and set refresh min as 1.
• This will give you fresh result after every 1 minute and we can press Run button every
time.
• So that you can easily make out difference between Cash scrip’s ATP and Derivative
scrip’s close.
• If derivative scrip’s close is below cash scrip’s ATP than preferably Derivative will
increase and expire on cash ATP.

H. All Indices

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a. All Indices window will show us which indexes are positive and negative in live market.
With this we can easily make out which Sector and Index have positive & negative
pressure.

I. MCX Open Interest Report

a. In Multi exchange software MCX open Interest report is allowed.

b. With this we can find MCX scrips with
• Price Up and Open Interest Up
• Price Up and Open Interest Down
• Price Down and Open Interest Up
• Price Down and Open Interest Down

J. Event Selector

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a. If Price is at high of day and also at 52 week high then result will show as 52 week high and
if it is at all time high then it will show result as all-time high, if price is at high of day but
neither at 52 week high nor at all time high then result will show as At high of day.

b. Same results are applicable for Bearish condition.

c. This will be helpful to identify high of the day, low of the day, 52 week high, 52 week low,
All time high and All time Low

K. New Studies added in Technical query.

a. Fourier Transform
• Fourier Transform is used in technical analysis to detect cyclical patterns within price.
• With this we can find out scrips which are in positive cycle or negative cycle.
• Identified with above zero line and below zero line.

b. New Divergence studies added.

• Divergence – Negative 2 will be shown when
� Price makes higher high than previous high.
� And oscillator makes lower high than previous high.

• Divergence – Positive 2 will be shown when

� When Price makes lower low than previous low.
� And oscillator makes higher low than previous low.

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� This is an example of Positive divergence in “Nifty” chart.
� With the use of Divergence study we can easily make out divergence in chart and
find out in technical query
� Parameter for divergence

� We can use any fractal parameter to find out top or bottom, 1 or 2 is advisable
advisable.
� Minimum period & Maximum Period is defined by number of days selected to find
divergence.
� Sometimes we find candle above the first and second high of divergence, which
we call ‘Range error’ but with the range error parameter added, divergence works
properly and range error can be neglected.

� In this negative divergence there is one Range error, which can be considered in
negative divergence.
� We can use divergence on any oscillator, such as RSI, MACD, Stochastic, etc.

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 � We have to only add oscillator and then add divergence with the input of added
oscillator.

• Divergence – Negative 3 Hidden will be shown when

� When Price makes lower high than previous high.
� Oscillator makes higher high than previous high.

• Divergence – Positive 3 Hidden will be shown when

� When Price makes higher low than previous low.
� Oscillator makes lower low than previous low.

� This is an example of Hidden Negative divergence in “Glenmark” chart.

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c. Average – Short, Med, Long
• Added new conditions in Average – short, med and long study.

• Example
Example: With this we can find out different combination of three averages such as
� Price Cut Any 1 Avg Upward and Close Above
Above:
Where price gives cut above any of three averages and closes above it.
� Price Cut Any 1 Avg Downward and Close BelowBelow:
Where price gives cut below any of three averages and closes below it.
� Price Above 3 Averages (in Seq)
Seq):
Where Price is above all three averages and the averages are in up sequence (as
Short, Medium and Long).
� Price Below 3 Averages (In Seq)
Seq):
Where Price is below all three averages and the averages are in down sequences
(as Long, Medium and Short).
� Avg1 Cutting Avg2 and Avg3 Upward
Upward:
Where short average cutting upward to medium average and long average at the
same time.
� Avg1 Cutting Avg2 and Avg3 Downward
Downward:
Where short average cutting downward to medium average and long average at
the same time.

d. Added new Condition in Ichimoku

• Positive Cloud for last N Bars
Bars:
With this condition we can directly find Positive Ichimoku clouds (Senkou-A is above
Senkou-B) in technical query.
• Negative Cloud for last N Bars
Bars:
With this condition we can directly find Negative Ichimoku clouds (Senkou-A is below
Senkou-B) in technical query.

e. Added 4 new conditions in some useful studies

• Price X Above X over Bar High in N Bars

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 � If we add this condition in RSI with 5 bars then it will give result that RSI has given
upward crossover in any of last 5 bars and that same bar’s high is crossing in
current bar with the current price.

• Price X Below X over Bar Low in N Bars

� If we add this condition in RSI with 5 bars then it will give us result that RSI has
given downward crossover in any last 5 bars and that same bar’s low is crossing in
current bar with the current price.
• Price X Above X over Bar High on Nth Bar
� If we add this condition in RSI with 5 bars then it will give us result that RSI has
given upward crossover on 5th back bar and that same 5th bar’s high is crossing in
current bar with the current price.
• Price X Below X over Bar Low on Nth Bar
� If we add this condition in RSI with 5 bars then it will give us result that RSI has
given downward crossover on 5th back bar and that same 5th bar’s low is crossing
in current bar with the current price.
• These four conditions are added in many more condition such as:
� RSI
� Stochastic
� MACD
� Averages, etc

f. New condition added in Bandwidth – Bollinger

• Above in Last N Bars
� With this condition we can search such scrips for which bandwidth % is higher in
last n bars, so that we get highly volatile scrips.
• Below in Last N Bars
� With this condition we can search such scrips for which bandwidth % is lower in
last n bars, so that we get sideways scrips.

g. New condition added in Average 2 lines 2 Inputs

• Value2 Above X & Y % of Prev Bar Value1
� Example: If we take Value1 = Prev Close and Value2 = today’s Open and x% = 0.5
and y% = 1.5, then with this condition we can get today’s open is above &
between 0.5 % and 1.5 % of yesterday’s close.
• Value2 Above X & Y % of Same Bar Value1
� Example: If we take Value1 = today’s open and Value2 = today’s close and x% = 0.5
and y% = 1.5, then with this condition we can get today’s close is above &
between 0.5 % and 1.5 % of today’s open.
• Value2 Below X & Y % of Prev Bar Value1
� Example: If we take Value1 = Prev Close and Value2 = today’s Open and x% = 0.5
and y% = 1.5, then with this condition we can get today’s open is below &
between 0.5 % and 1.5 % of yesterday’s close.
• Value2 Below X & Y % of Same Bar Value1
� Example: If we take Value1 = today’s open and Value2 = today’s close and x% = 0.5
and y% = 1.5, then with this condition we can get today’s close is below &
between 0.5 % and 1.5 % of today’s open.

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h. New Condition added in Price OHLC
• All Time High
� With this technical query condition we can easily get all time high scrips.
• All Time Low
� With this technical query condition we can easily get all time low scrips.
• 52 Week High
� With this technical query condition we can easily get 52 week high scrips.
• 52 Week Low
� With this technical query condition we can easily get 52 week low scrips.
• Green Body For last N Bars
� With this technical query condition we can find out green body candles for N bars.
• Red Body For last N Bars
� With this technical query condition we can find out red body candles for N bars.
• Inside Bar For last N Bars
� With this technical query condition we can find out Inside bar candles for N bars.
• Outside Bar For last N Bars
� With this technical query condition we can find out outside bar candles for N bars.

i. Added new study “Price OHLC – for intraday query only.

• Cross Above High of PrevDay 1st Bar
� With this technical query condition we can get result when current candle crosses
above high of yesterday’s 1st bar.
• Cross Below Low of PrevDay 1st Bar
� With this technical query condition we can get result when current candle crosses
below low of yesterday’s 1st bar.

• Cross Above High of PrevDay MaxVol Bar

� With this technical query condition we can get result when current candle crosses
above high of yesterday’s maximum volume bar.
• Cross Below Low of PrevDay MaxVol Bar
� With this technical query condition we can get result when current candle crosses
below low of yesterday’s maximum volume bar.
• Cross Above High of Today 1st Bar
� With this technical query condition we can get result when current candle crosses
above high of today’s 1st bar.
• Cross Below Low of Today 1st Bar
� With this technical query condition we can get result when current candle crosses
below low of today’s 1st bar.
• Cross Above High of PrevDay
� With this technical query condition we can get result when current candle crosses
above yesterday’s high.
• Cross Below Low of PrevDay
� With this technical query condition we can get result when current candle crosses
above yesterday’s high.

j. Added new formula studies (which are used to make some difficult equations in chart and
in technical query)

• Formula G. Positive Values

� This study makes all values to positive.

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 Example: If for any equation we need open - close, then it will give positive values
when open is above close and negative values when open is below close.
In this if we want to convert negative values to positive values then we can use
this study.

• Formula H. Negative Values

� This study makes all values to negative.
Example: If for any equation we need open – close, then it will give positive values
when open is above close and negative values when open is below close.
In this if we want to convert positive values to negative values then we can use
this study.
• Formula I. Positive Values Only
� This study uses only positive values and it makes all negative values to zero.
Example: If for any equation we needed open – close, then it will give positive
values when open is above close and negative values when open is below close.
In this if we want to use only positive values for any equation then we can use this
study.
• Formula J. Negative Value Only
� This study uses only negative values and it makes all positive values to Zero.
Example: If for any equation we needed open – close, then it will give positive
values when open is above close and negative values when open is below close.
In this if we want to use only negative values for any equation then we can use this
study.
• Formula K. Constant Value
� This study is used for such equations where we need constant value to subtract,
multiply, divide and add with any values.
Example: If we want to do (High+ Low+ Close)/3, then with this study we can get
the constant value “3” to divide.

L. Auto Trend Line.

a. Added new Auto Trend Line feature.
• We can enable Auto trend line from Settings > Chart Setting > Chart – Study

• With this, trend line automatically forms in chart.

� Which uses first top and third top of swing (which works on parameter Setting >
Other Setting > Misc > Swing reversal Percentage) to draw line.

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 � And we can use strict option to allow second top calculation. So that with 0.50 %
of strict check the second top may be above 0.50 % of trend line or below 0.50 %
of trend line. With 0% we can get exact trend line with the connection of three
highs or lows.
� Loose option will draw lines to first top to third top without mentioning the
second top % difference from the trend line.
� None option will draw all first to third top lines like loose option and it will draw
lines to first top to second as well.
� With swing option, trend line will draw with the swing tops & bottoms.

� This is the example of “DALMIABHA” script chart with the trend line.

M. Boring Candle.

• Added new candle pattern called boring candle.

� Select from setting > Chart setting > Chart – Study.
� Will change candle stick pattern color which body size is less then given %.
� And shadow of the candles will remain same red or green.
� We have seen that if this type of candle form in previous bottom or top then it will
become support and resistance.
� This is an example of boring candle pattern.

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N. Filled Gap

• With this option we can enable to show filled gap with the Ctrl + Y shortcut.
� To enable Select settings > Chart settings > New Chart > Show filled Gaps
Gaps.

� In this example the white line are filled gaps.

O. User friendly Changes

a. Chart font size, color and data window width can change as per requirement.
• To change Select Settings > Color and font settings > Chart

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b. New option has been added to hide Scrip code and OHLC.
• To hide Scrip code and OHLC from top of the chart select Settings > Chart Settings >
Chart > Show Scrip code in heading & Show only Close & %chg in Heading.

c. To remove study directly from the chart.

• Keep mouse cursor on the study name and press Shift + Delete button to remove
study directly.
d. Ignore Synchronization option for more than one chart.
• With this option if there are many charts with different studies and we don’t want to
synchronize some of the charts then we can enable this option.
• To enable Ctrl + Q > Ignore synchronization
synchronization.
e. Hint shows for some studies.
• Types of average hint shows when we add average or any studies when we keep
mouse cursor on Avg type.

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 f. Technical query Beep on
• When technical query relation is fulfilled then it will beep (sound).
� To enable Settings > Other settings > Misc2 > Beep On > Query Relation
g. Technical query > Result LiveQuery
• In Technical query there is a Result live query tab which allows us to Transfer to
Report window and Save to group.
� With transfer to report window option we can save live result to excel to maintain
data of live result
� And we can directly save to group which ever scrips are there in result live query.

h. Technical query > Historical Tab

• In Technical query Historical tab auto refresh option has been added.
• So that with “Results sorted on most matches” we can find positive & negative scrips.

• If we have created such query then with the selection of “results sorted on most
matches” then will get positive or negative scrips on first number in historical live
feature.

For any query contact us on:- Support@spidersoftwareindia.com

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