Interface Prototype for $SPY
I’ve been doing a great deal of day dreaming and wishful thinking these past weeks.
Aside from depicting an S&P 500 in a short uptrend approaching resistance, this graphic has some other interesting things.
Imagine all of the financial data you interact with, and how to access that information today. CNBC has interviews online, Google Reader brings in a few blogs, check TweetDeck to follow StockTwits, and Market Place is on NPR.org. That is a good deal of browsing, and if you want data in real time, you’re constantly revisiting and reloading the same sources.
How about using the time line features of volatile securities to display informative financial media? What if each red arrow was a linked mention on StockTwits, a Bloomberg clip, maybe a blog post, anything RSS? Say if both charts were scalable to user defined time frames, editable by others you follow, wouldn’t it be a better way to sort the financial data relevant to you?
Google has tried this with their pitiful line graphs, but their charts aren’t sufficiently data rich IMHO. My combination of charts indicating price, breadth and risk is great for trend following. The inset charts are a different period, enabling trend analysis across multiple time frames, a nice feature all too often overlooked.
The possibilities are quite entertaining, more to come if I don’t get distracted by another idea.