RRGs(tm) road to StockCharts.com
As of last Saturday 19 July 2014 StockCharts.com launched Relative Rotation Graphs as part of their web-based charting services.
The past few months here at RRGTM Research we have been working hard with StockCharts.com staff to implement Relative Rotation GraphsTM into their award winning platform. And I must say we're very impressed with their professionality. They have created a very nice web-based version of RRGTM. All this hard work has now lead to the official launch of RRGsTM on StockCharts.com. Needless to say that it's something we're very proud of.
(semi-) Professional systems only.
As you all know RRGsTM have been available on the Bloomberg terminal since January 2011 and on Thomson Reuters EIKON terminals since late 2013. Market Analyst International is offering a RRG-toolbox as an add-on for their Market Analyst v7 software since early 2013. Hence RRGsTM were only available on professional systems and a high-end technical analysis software package..... until now !
Connection goes back to 2009.
The relationship with StockCharts.com actually goes back to 2009. In November of that year I presented Relative Rotation GraphsTM for the first time at a major event, the annual IFTA conference in Chicago. In the room was Greg Morris, someone I only knew from his books until then, he approached me after my talk and told me: "this was the first time in 25 years someone actually showed me something 'new' ". When we found out that besides a passion for technical analysis we also shared a military / air force background, the day was too short and and the bar did not carry enough bottles of beer for us.
At some stage Greg asked me what I wanted to do with RRGTM. I told him I was already talking to Bloomberg for them to have RRGsTM on their professional terminal but that I would be very interested to be introduced to StockCharts.com to get the tool on a service like theirs. Before I was back in Amsterdam Greg had connected me with Chip Anderson the president of StockCharts.com.
Following that introduction Chip and I started to chat about having RRGTM on the SCC platform. With hindsight that discussion was probably too early. RRGsTM were still "too rough" at the time and not very well known yet. Remember, they were only introduced on the Bloomberg platform two years later in 2011. After our initial conversations I stayed in touch with Chip who proved to be a valuable source and I learned a lot about servicing retail clients and web-based charting platforms. The basic message he gave me was "It's a great tool but it needs (much) more recognition and visibility before I can do anything with it on StockCharts.com". Wise words indeed. You can only "introduce" once... and it has to be good right from the start.
Re-connect in 2013/14
Our connection was then renewed during the 2013 IFTA conference in San Franciso where Trevor and I sat down with Chip again. At that stage we already started to receive messages from visitors to our website www.relativerotationgraphs.com saying things like "please make RRGsTM available via sites like "StockCharts.com". From November 2013 until April 2014 we stayed in touch discussing our potential co-operation which was then sealed with a hand shake and finalized during the MTA symposium in New York.
From May to July we worked together on the implementation. That period was nothing but professional "fun" and it resulted in a very good looking, and more importantly a very functional, implementation of Relative Rotation GraphsTM on their platform.
It's always fun to work with programmers and see how they implement certain things slightly different than others but most of all how they can get carried away thinking of all the "stuff" they can do based off the RRGTM concept. Pete Behmer, the programmer in charge of RRGTM on SCC, was no different and Chip told me he had to slow Pete down a few times because "otherwise we would still be playing and not have a product out for the users".
Ready for launch.
Last week Chip declared RRGTM ready for launch and subsequently the first version of the tool was introduced for StockCharts users last Saturday (July 19). Reading from the first reactions I think we can call it a success. I hope that the RRGTM tool on SCC will be picked up by its users like it is picked up on the other platforms where RRGTM is available. At RRG Research we love to get feedback and learn from it or help you to get your questions answered. So feel free to put up any questions or discussions in the forums or comment on any (blog) post, we are aiming to answer anything within 24 hours...
If you have not seen RRGTM on the StockCharts.com platform yet you can check out a free version here.
Julius de Kempenaer