algorithmic trading / alternative data / sentiment analysis
Alternative Data Sources for Trading: Satellite Imagery, Sentiment Analysis & More
Course walkthrough
Algorithmic Trading Fundamentals
All lessons in this series
- 1What is Algorithmic Trading? A Beginner's Guide to Automated Strategies
- 2What is a Trading Indicator? The Building Blocks of Algorithmic Trading
- 3Technical Analysis Indicators Explained: Mean Reversion vs Momentum
- 4What Are Fundamental Indicators? Understanding a Company's Financial Health
- 5Alternative Data Sources for Trading: Satellite Imagery, Sentiment Analysis & More
- 6From Indicators to Conditions: Building Your Trading Rules
- 7What is a Trading Condition? Turning Indicators into True/False Logic
- 8What Are Trading Actions? The Final Building Block of Algo Trading
- 9What is a Trading Strategy? Indicators + Conditions + Actions
- 10How to Know if Your Trading Strategy is Actually Good?
- 11What is Backtesting? How to Test Your Trading Strategy
- 12What is Trading Strategy Optimization? (And How to Avoid Overfitting)
- 13Recap: From Building Blocks to Deployment
- 14How to Deploy a Trading Strategy: Paper Trading to Live Trading
- 15How to Backtest a Trading Strategy on NexusTrade (Beginner Guide)
Technical and fundamental indicators are the most common tools for predicting stock prices - but they're just the beginning.
In this video, I explore the broader universe of data you can use to build trading strategies: → Economic indicators: How the overall economy affects stock prices → Satellite imagery: Counting cars in Walmart parking lots to predict earnings → Sentiment data: Scraping Reddit, Twitter, StockTwits, YouTube, and TikTok for signals
The key insight? An indicator is just something that evaluates to a number. If you can quantify it, you can use it to build a strategy.
Watch lessons, complete hands-on activities, pass quizzes—and by the end, you'll have a real strategy deployed to the market.
Transcript
0:00Technical indicators and fundamental indicators are two of the most common ways to predict a company's future stock price, but in reality, there are an infinite amount of indicators when it comes to making these market decisions.
0:17We have economic indicators, which tell us how good the overall economy is, because this has an effect on stock prices.
0:27We have alternative data sources like satellite imagery data, and you might have a satellite that looks at the number of cars parked in Walmart parking lots, and then you can use that information to predict what Walmart's earnings might be during the next quarter.
0:46You have sentiment data, so you might be browsing Reddit using a computer, looking at all the stocks users mention on Reddit, and use that to predict where that stock's price might be in the future.
1:00We might not just use Reddit. You might also use Twitter, or StockTwits, or YouTube, or TikTok, or all of them in combination. You can use whatever you want to build indicators.
1:14All an indicator has to do is evaluate to a number that can be used to help quantify where a stock's value might be in the future.
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