Can anyone give any insight to what Yahoo returns for this call?
The reference is t7 ticker trend.
When submitting a symbol for this function, yahoo responds with something similar to the following:
AAPL nbsp;==+-+==nbsp;
I have scoured the interwebs to find an explanation of this output, but have come up empty handed.
Anyone have any experience with this call?
AAPL – the stock ticker
– a space placed at the beginning and the end of the trend
==+-+== – the ticker trend. It’s made up of three components
= : the price paid is the same as before
+ : the price paid is greater than the trade before
– : the price paid is less than the trade before.
So say a stock trades at $1.00. The next trade is for $1.01 which is an increase
and so the ticker trend would show +. The next two trades are at $1.01 so they
would display as == since there was no change in price. The stock then trades at
$1.00, then $.99, then $.98 so it would show —. The complete ticker trend would
show +==—
The usefulness of this is to show trends. If the stock shows +++++ then that’s a pretty clear indication that people are lined up and each one is willing to pay more than the last. Something is probably going on with that stock. ===== would show that the market is very confident in the price of the stock. +==-+- would be a bit of a mixed bag, not giving any clear signal of what the market thinks of the stock.