By Ivory Bull LLC
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"As someone who teaches and trades using Market Profile and Volume Profiles this is a great app. I have both Stock Magnet and the Heat Map app for my iPad." -JPJTrading.com
Stock Magnet is the first app for mobile devices to bring the unique analysis of profile distributions into the world of mobile charting, with an emphasis on stocks, ETFs and equities.
A profile is a method for charting a financial instrument based not on time, such as a conventional bar or candlestick chart, but on the distribution of prices over time. A profile "collapses" the standard chart into a bell-curve where you can quickly see what prices have been most-traded over time. The results offer staggering advantages for traders looking for a unique edge in their trading. Profiles provide views of major market levels, called "value areas" and "points of control," that repel and attract trading over time. The profile technique has been used for three decades in the futures industry and is gaining popularity in the stock market as well.
Stock Magnet allows you to chart conventional bar charts, profile charts, or both simultaneously. It offers distributions ranging from 2 weeks to 2 years, and also lets you place multiple distributions side-by-side to view current market activity in different contexts. When installed on an iPad, Stock Magnet also provides many additional statistics about current market action in relation to its historical distribution.
Built by the same team that brought you the popular Heat Map app for stock market analysis, Stock Magnet is a unique tool to further your innovative research into market opportunities.
Visit IvoryBull.com for more examples and techniques using our products.
Follow @IvoryBullApps on Twitter for tips, tricks and examples using this app
What's New in Version 1.3
Minor bug fixes
Amazing Stock Trading App!
This App helps me spot value stocks and buying opportunities like never before! It's like the pros have always had this tool, giving them an upper hand- and now I have a powerful analysis tool right here on my iPad and my iPhone. Very cool.
This App really is unique and one of a kind, and I truly feel like it gives me a professional upper hand. What I love most is the App takes chart data that is difficult to translate into an opportunity, and displays it visually in an easy to read graph that tells a story instantly!
Lastly, thanks for the well documented explanation on your website. Since the concept of "Profiles" was new to me, I spent a few minutes there reading up on Stock Magnet. The visual pictures and straightforward text helped me understand how to put this App to work for me in no time. Thanks again!
This app is a remarkable example of the future of finance technology. For many years I have spent $200 per month for desktop software that does most of what this app does. I never trade stocks without first consulting their profile charts. For anyone new to this style of stockmarket charting, the company's online website shows in-depth examples on how this app works. It may not be as versatile as some desktop software, but neither is its price anywhere near as expensive. Very useful tool for any stock trader.
Poor description of functionality
First, the description describes looking at 2 weeks. This SHOULD at least allow for a one day view. But 2 weeks IS the lowest date range.
Now for the bad... No ability to set the dates. It ONLY allows historical based on most recent. For example, if I wanted to see the profile of 2 weeks on AAPL from 5/11 to 5/25 ( two weeks ), this app cannot do it.
No refunds either. 10 bucks for useless info.
With the VAH and VAL for AAPL for that timeframe, you would certainly understand a great market entry for AAPL.
I feel like I have been SCAMMED.
- Category: Finance
- Updated: Sep 11, 2012
- Version: 1.3
- Size: 1.1 MB
- Language: English
- Seller: Ivory Bull LLC
- © 2012 Ivory Bull LLC
Compatibility: Requires iOS 4.3 or later. Compatible with iPhone, iPad, and iPod touch.