Last October, Forex Magnates covered OpenFin, a provider of runtime development environment, allowing financial firms to develop web-based HTML5 applications. In a nutshell, OpenFin runtime allows companies to create downloadable HTML5 applications that work across different platforms and operating systems. Like web-based apps, updates are pushed simultaneously to all users without the need of further installs or downloads.
Other Than Looking Really Cool, What Is MarketStak?
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MarketStak is a free web-based and downloadable price analysis product. The product analyzes incremental price moves to determine if an asset is overbought or oversold. Ozelli explained that typical price charts are plotted over time, “but in reality time isn’t a benchmark,” as different times of the day can bring about different market conditions. Rather than using time periods, Ozelli explained that MarketStak uses price as a benchmark instead. The program does this by measuring how often positive and negative moves occur in the market, independent of time.
Plotted by moves between 0.02% to 1.0%, the product scores the amount of consecutive price movements per each percentage period without a retracement. The more consecutive moves without a retracement, the more likely a retracement may occur. Ozelli added that they don’t view MarketStak as a ‘make money quick’ indicator, but one that traders can use in conjunction with their existing analysis to help them with finding overbought and oversold situations.
As mentioned above, MarketStak is a ‘lab’-based product to showcase some of d:code:it’s UI/UX prowess in the financial markets. As such, for d:code:it, it is a free product being shared with traders with no specific goals of marketing. It might be an independent product in the future, but they remain open to collaborative opportunities with other firms. Beyond the product’s capabilities, possibly more important for the industry is the glimpse of future trends in the presentation of visualized data being presented by MarketStak.