I had a recent experience with Slopecharts that I wanted to share, since it is illustrative of how some very simple functions built into the program can produce powerful results.
I have a watch list called ETFs which contains 80 symbols of popular ETF symbols like SPY, TLT, QQQ, and so forth. Because these instruments have been so important to my trading, I wondered to myself if there were other interesting symbols that I wasn’t yet following.
One Google search later, I was on a page that had the biggest 100 funds, and I simply copied this table text and pasted it into Excel.
I then selected the column of symbols from Excel (not bothering to save the spreadsheet, since it was simply an intermediary for my purposes) and pasted this into Notepad. I saved this Notepad to my desktop and then clicked on the Watch Lists hyperlink in SlopeCharts to choose the Import function.
So at this point I have, within a matter of moments, created a new watch list of the top 100 ETF symbols into a new watch list. So far, so good. But I don’t want to look at all 100 symbols, since I already follow a portion of them. Looking at my watch lists, you can see the “NewETF” list (with 100 symbols, as SlopeCharts helpfully shows us) and my normal ETF watch list, which has 80 symbols.
Opening up the NewETF list, I can see that some of the symbols are duplicates (shown in red – – again, because Slopecharts seeks to make things easy for us humans). So I could just click on the symbols that aren’t red, but there’s as better way.
I click on the Watch Lists hyperlink and select Show Unique Symbols Only, which does just what it says: only displays the symbols in each watch list which are not found in any other list. This is precisely what I want.
And, voila, the 23 symbols that I’m already following vanish, leaving me with a list of 77 unique symbols that I’m not yet following to examine. Cool, huh?
As I’ve said before, I’ve taken a personality disorder – – extreme OCD – – and repurposed it into making the greatest chart platform out there. There’s always more coming, but hopefully my example above is instructive.