Group Trader                                                              
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Australian User note
  • Group Trader was developed to work with OmniScan and  the US Markets where you can access additional fundamental data not available for Australian Shares within OmniTrader.
  • However it can be used in Australia (review examples below)- you will need to create your own groups/sectors and then you can examine the main three relationships which are "Correlation" , "Beta" and "Relative Strength" to any other share or to the group
  • The main idea is to obtain signals by using the group relationship to find opportunities
  • It runs in End of Day mode only
Example of the Groups set up for Australia and the Correlation run for Banks
 
Example of some groups on one chart (showing daily group movements of all shares +  price change for whole group)