On-The-Go Tools for Foreign Flow Analysis
In December 2020, there are already 712 stocks listed on Indonesia Stock Exchange. With that number, how we could find the potential stocks like $JPFA that discussed here before? How could the traders build the stocks watch list, and also catch the trading signal seamlessly?
The purpose of Foreign Flow Analysis is to obtain the security, the comfort, and the solid mind from Fundamental Analysis; with also catch the timing by trends and momentum from Technical Analysis.
We may not do the dirty work by checking the stocks one by one while watching the market all day.
We need seamless systems and tools for our analysis. I leave the system to the readers, for building a strategy based on your trading style. But, here are the tools that can help us.
At least, these 4 features are needed in your tools:
- Check general stocks trade summary
- Stocks highlight for building stocklist
- Visualize the Foreign Flow Indicator
- Send trading signal
Let’s check, the 4 tools that can help you, I develop the 1st and 2nd tools by myself and you can use them for FREE.
A. Telegram Bot: KevinFriedChipBot
Analyzed from StockXel that already developed since 2018, KevinFriedChipBot will broadcast the daily stocks highlight from Foreign Flow perspective, such as:
- Most 3 Days Accumulated Stocks,
- Most 3 Days Distributed Stocks,
- High FF Proportion & Uptrend FF Accumulation,
- Foreign Flow Rebound
Those highlights will help us to build our watchlist. Completed with Foreign Flow Indicators chart for every highlighted stock, KevinFriedChipBot is really useful that we could analyze our stocks daily, every end of the day, on-the-go.
The commands are listed down below:
Just add the bot on telegram.
B. StockXel
StockXel is the program based on Excel-VBA that I developed in 2018. Hopefully, I could develop the web-version with real-time data in the following time. But, here are the features that StockXel already has:
- Stocks Screeners
StockXel has Technical and Foreign Flow screeners that I always develop and improve.
Technical Analysis Screeners:
- Momentum on Trend (based on Stochastic Momentum Index and MACD)
- Rebound Hunter (ATR based) **testing
- Breakout Hunter (ATR based) **testing
- Uptrend screener (Higher High — Higher Low, Regression, Renko)
Foreign Flow Analysis Screeners:
- Most accumulated
- Most distributed
- High Foreign Power & Uptrend FF
- Medium Foreign Power & Uptrend FF
- High FF-Price correlation & Uptrend FF
- High Foreign Proportion & Uptrend FF
- FF Rebound
- Foreign Inflow & Price Stay **testing
- Small Outflow & Falling Price **testing
- Foreign Flow Rallying
- HUGE Foreign transaction
2. Portfolio Manager:
Manage your risk and portfolio by technical analysis perspective with this sheet. This sheet manages just like a trading journal with buying price, stop-loss price, and the maximum lot you can buy based on portfolio risk (1% — 2% loss of portfolio per trade).
3. Stock Chart: as you can see in KevinFriedChipBot
4. Foreign Map: as you can see in KevinFriedChipBot
C. RTI Business and Stockbit
For user-friendly and many features application, you can use RTI Business for free, or Stockbit with freemium features. You can check the Foreign Accumulation Chart, Foreign transaction summary, and broker summary for deeper analysis.
Have a trading plan: what you trade, why you trade, when you buy, when you sell (in profit, also if you have a loss), have a back-test, and be consistent. Use the tools efficiently based on your trading style and strategy. Too much information means too many noises.
My main objective for writing this article is for advancing my writing skill, especially in English. Besides that, I like to share my experience and use this as my note for me to relearn in the future. All of what I write is based on what I experienced and what I read. Every people have different experiences.
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