Apparatus and method for displaying trading trends

• US 7,827,090 B2
• Filed: 10/22/2003
• Issued: 11/02/2010
• Est. Priority Date: 06/22/2000
• Status: Expired due to Fees

• Current Assignee: WGAL LLC (MB Trading Holdings LLC)
• Original Assignee: WGAL LLC (MB Trading Holdings LLC)
• Inventors: Schardt, George, Thompson, George
• Primary Examiner(s): Kazimi; Hani
• Assistant Examiner(s): Shrestha; Bijendra K
• Application Number:
  US10/691,257
• Publication Number:
  US 20040128225A1
• Time in Patent Office: 2,568 Days
• Field of Search: 705/37
• US Class Current: 705/37
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

The present invention provides an apparatus and method of determining and displaying trading trends for one or more currency pairs wherein an opening value and a closing value for the one or more currency pairs for two or more time intervals is obtained. An opening value trend using a market trend indicator and the opening values for the investment is calculated, and a closing value trend using the market trend indicator and the closing values for the one or more currency pairs is calculated. A visual indicator comparing the opening value trend to the closing value trend for the one or more currency pairs is then displayed. This method may be incorporated into a computer program embodied in a computer readable medium using code segments to accomplish the method described above.

Claims

1. A computerized method for determining and displaying trading trends comprising the steps of:

obtaining market information for a currency pair for a time period, wherein the market information comprises at least (a) a first set of market data for the currency pair based on a series of consecutive first time intervals within the time period comprising a first opening value and a first closing value for each consecutive first time interval, (b) a second set of market data for the currency pair based on a series of consecutive second time intervals within the time period comprising a second opening value and a second closing value for each consecutive second time interval, and (c) the first time interval is not equal to the second time interval;

calculating a first opening value trend for the first time intervals using a market trend indicator and the first opening values for the currency pair, and a second opening value trend for the second time intervals using the market trend indicator and the second opening values for the currency pair;

calculating a first closing value trend for the first time intervals using the market trend indicator and the first closing values for the currency pair, and a second closing value trend for the second time intervals using the market trend indicator and the second closing values for the currency pair;

simultaneously displaying in real-time at least a first visual favorable/unfavorable trade indicator for the first time intervals and a second visual favorable/unfavorable trade indicator for the second time intervals, wherein the first time intervals are not equal to the second time intervals;

wherein the first visual favorable/unfavorable trade indicator for the first time intervals is based on a comparison of the first opening value trend to the first closing value trend for the currency pair, wherein the first visual favorable/unfavorable trade indicator is a first color whenever the first closing value trend is greater than the first opening value trend and the first visual favorable/unfavorable trade indicator is a second color whenever the first closing value trend is lower than the first opening value trend;

wherein the second visual favorable/unfavorable trade indicator for the second time intervals is based on a comparison of the second opening value trend to the second closing value trend for the currency pair, wherein the second visual favorable/unfavorable trade indicator is the first color whenever the second closing value trend is greater than the second opening value trend and the second visual favorable/unfavorable trade indicator is the second color whenever the second closing value trend is lower than the second opening value trend;

wherein the first and second visual favorable/unfavorable trade indicators signal whether it will be favorable or unfavorable to execute a trade involving the currency pair for the respective time intervals; and

wherein the forgoing steps are executed by a computer.

2. The method as recited in claim 1, wherein the opening value is an opening price and the closing value is a closing price.

3. The method as recited in claim 1, wherein the opening value is an opening trading volume and the closing value is a closing volume.

4. The method as recited in claim 1, wherein the first color is green.

5. The method as recited in claim 1, wherein the second color is red.

6. The method as recited in claim 1, wherein the first visual favorable/unfavorable trade indicator displays the first time interval and the second visual favorable/unfavorable trade indicator displays the second time interval.

7. The method as recited in claim 1, further comprising the step of displaying the first opening value trend as a first line and the first closing value trend as a second line in a graph.

8. The method as recited in claim 7, further comprising the step of displaying a list of information about a point selected on either the first line or the second line.

9. The method as recited in claim 1, wherein the market trend indicator comprises one or more regression algorithms selected from:

stochastics, relative strength, directional movement, commodity channel, simple average, exponential average, weighted average, MACD (simple), MACD (exponential), momentum/ROC, midrange, William'"'"'s %R, parabolic stop, volatility stop, trailing stop, high low stop, Bollinger Bands, Keltner Channel, uniform channel, regression channel, swing lines, cycle forecast, on balance volume, overlay chart, point &

figure, moving average, moving linear regression, upper envelope, lower envelope, % K, % D, % D slow, %D averaged, % R, RSI, momentum, acceleration, moving average oscillator, moving average momentum, moving average convergence-divergence oscillator, moving average convergence-divergence, MACD signal line, commodity channel index, rate of change in prices, on balance volume variance, standard deviation, volatility ratio, volatility, skew, kurtosis, Williams Accumulated Distribution, Arm'"'"'s Ease of Movement, plus directional indicator, minus directional indicator, directional movement and average directional movement.

10. The method as recited in claim 1, wherein the first opening value trend is calculated without using the first opening value from the most recent first time interval within the time period.

11. The method as recited in claim 1, further comprising the steps of:

selecting a market information source; and

communicably connecting to the market information source.

12. The method as recited in claim 1, further comprising the step of executing a trade involving the currency pair.

13. The method as recited in claim 1, further comprising the step of simulating an execution of a trade involving the currency pair.

14. The method as recited in claim 1, further comprising the step of calculating a potential tax liability for an execution of a trade involving the currency pair.

15. The method as recited in claim 1, further comprising the step of searching for one or more investment trading opportunities based on one or more search criteria.

16. The method as recited in claim 1, further comprising the step of selecting the first time interval or the second time interval.

17. The method as recited in claim 1, wherein the first time interval is a first preset time interval and the second time interval is a second preset time interval based on a user profile.

18. The method as recited in claim 1, further comprising the step of repeating the steps of obtaining the market information, calculating the opening value trends and the closing value trends, and displaying the visual favorable/unfavorable trade indicators for a set of different time intervals.

19. The method as recited in claim 18, wherein the set of different time intervals comprises five minutes, ten minutes, fifteen minutes and thirty minutes.

20. The method as recited in claim 1, further comprising the step of repeating the steps of obtaining the market information, calculating the opening value trends and the closing value trends, and displaying the visual favorable/unfavorable trade indicators for one or more other currency pairs.

21. The method as recited in claim 1, further comprising the step of updating the opening values, the closing values, the opening value trends, the closing value trends and the visual favorable/unfavorable trade indicators.

22. The method as recited in claim 21, further comprising the step of signaling a user whenever any of the visual favorable/unfavorable trade indicators change.

23. A computer program embodied in a computer readable medium that is executed by a computer for determining and displaying trading trends comprising:

obtaining market information for a currency pair for a time period, wherein the market information comprises at least (a) a first set of market data for the currency pair based on a series of consecutive first time intervals within the time period comprising a first opening value and a first closing value for each consecutive first time interval, (b) a second set of market data for the currency pair based on a series of consecutive second time intervals within the time period comprising a second opening value and a second closing value for each consecutive second time interval, and (c) the first time interval is not equal to the second time interval;

calculating a first opening value trend for the first time intervals using a market trend indicator and the first opening values for the currency pair, and a second opening value trend for the second time intervals using the market trend indicator and the second opening values for the currency pair;

calculating a first closing value trend for the first time intervals using the market trend indicator and the first closing values for the currency pair, and a second closing value trend for the second time intervals using the market trend indicator and the second closing values for the currency pair;

simultaneously displaying in real-time at least a first visual favorable/unfavorable trade indicator for the first time intervals and a second visual favorable/unfavorable trade indicator for the second time intervals, wherein the first time intervals are not equal to the second time intervals;

wherein the first visual favorable/unfavorable trade indicator for the first time intervals is based on a comparison of the first opening value trend to the first closing value trend for the currency pair, wherein the first visual favorable/unfavorable trade indicator is a first color whenever the first closing value trend is greater than the first opening value trend and the first visual favorable/unfavorable trade indicator is a second color whenever the first closing value trend is lower than the first opening value trend;

wherein the second visual favorable/unfavorable trade indicator for the second time intervals is based on a comparison of the second opening value trend to the second closing value trend for the currency pair, wherein the second visual favorable/unfavorable trade indicator is the first color whenever the second closing value trend is greater than the second opening value trend and the second visual favorable/unfavorable trade indicator is the second color whenever the second closing value trend is lower than the second opening value trend; and

wherein the first and second visual favorable/unfavorable trade indicators signal whether it will be favorable or unfavorable to execute a trade involving the currency pair for the respective time intervals.

24. The computer program as recited in claim 23, further comprising displaying the first opening value trend as a first line and the first closing value trend as a second line in a graph.

25. The computer program as recited in claim 24, further comprising displaying a list of information about a point selected on either the first line or the second line.

26. The computer program as recited in claim 23, wherein the market trend indicator comprises one or more regression algorithms selected from:

stochastics, relative strength, directional movement, commodity channel, simple average, exponential average, weighted average, MACD (simple), MACD (exponential), momentum/ROC, midrange, William'"'"'s %R, parabolic stop, volatility stop, trailing stop, high low stop, Bollinger Bands, Keltner Channel, uniform channel, regression channel, swing lines, cycle forecast, on balance volume, overlay chart, point &

figure, moving average, moving linear regression, upper envelope, lower envelope, % K, % D, % D slow, % D averaged, % R, RSI, momentum, acceleration, moving average oscillator, moving average momentum, moving average convergence-divergence oscillator, moving average convergence-divergence, MACD signal line, commodity channel index, rate of change in prices, on balance volume variance, standard deviation, volatility ratio, volatility, skew, kurtosis, Williams Accumulated Distribution, Arm'"'"'s Ease of Movement, plus directional indicator, minus directional indicator, directional movement and average directional movement.

27. The computer program as recited in claim 23, further comprising:

selecting a market information source; and

communicably connecting to the market information source.

28. The computer program as recited in claim 23, further comprising executing a trade involving the currency pair.

29. The computer program as recited in claim 23, further comprising simulating an execution of a trade involving the currency pair.

30. The computer program as recited in claim 23, further comprising calculating a potential tax liability for an execution of a trade involving the currency pair.

31. The computer program as recited in claim 23, further comprising searching for one or more investment trading opportunities based on one or more search criteria.

32. The computer program as recited in claim 23, further comprising selecting the first time interval or the second time interval.

33. The computer program as recited in claim 25, further comprising repeating the steps of obtaining the market information, calculating the opening value trends and the closing value trends, and displaying the visual favorable/unfavorable trade indicators for a set of different time intervals.

34. The computer program as recited in claim 23, further comprising repeating the steps of obtaining the market information, calculating the opening value trends and the closing value trends, and displaying the visual favorable/unfavorable trade indicators for one or more other currency pairs.

35. The computer program as recited in claim 23 further comprising updating the opening values, the closing values, the opening value trends, the closing value trends and the visual favorable/unfavorable trade indicators.

36. The computer program as recited in claim 35 further comprising signaling a user whenever any of the visual favorable/unfavorable trade indicators change.

37. An apparatus for determining and displaying trading trends comprising:

a computer communicably connected to a market information source;

a display communicably connected to the computer; and

the computer (1) obtaining market information for a currency pair for a time period, wherein the market information comprises at least (a) a first set of market data for the currency pair based on a series of consecutive first time intervals within the time period comprising a first opening value and a first closing value for each consecutive first time interval, (b) a second set of market data for the currency pair based on a series of consecutive second time intervals within the time period comprising a second opening value and a second closing value for each consecutive second time interval, and (c) the first time interval is not equal to the second time interval, (2) calculating a first opening value trend for the first time intervals using a market trend indicator and the first opening values for the currency pair, and a second opening value trend for the second time intervals using the market trend indicator and the second opening values for the currency pair, (3) calculating a first closing value trend for the first time intervals using the market trend indicator and the first closing values for the currency pair, and a second closing value trend for the second time intervals using the market trend indicator and the second closing values for the currency pair, and (4) simultaneously displaying in real-time at least a first visual favorable/unfavorable trade indicator for the first time intervals and a second visual favorable/unfavorable trade indicator for the second time intervals, wherein the first time intervals are not equal to the second time intervals and the first visual favorable/unfavorable trade indicator for the first time intervals is based on a comparison of the first opening value trend to the first closing value trend for the currency pair, wherein the first visual favorable/unfavorable trade indicator is a first color whenever the first closing value trend is greater than the first opening value trend and the first visual favorable/unfavorable trade indicator is a second color whenever the first closing value trend is lower than the first opening value trend, the second visual favorable/unfavorable trade indicator for the second time intervals is based on a comparison of the second opening value trend to the second closing value trend for the currency pair, wherein the second visual favorable/unfavorable trade indicator is the first color whenever the second closing value trend is greater than the second opening value trend and the second visual favorable/unfavorable trade indicator is the second color whenever the second closing value trend is lower than the second opening value trend, and the first and second visual favorable/unfavorable trade indicators signal whether it will be favorable or unfavorable to execute a trade involving the currency pair for the respective time intervals.