Well, after confronting various technical issues, my Grand Exchange Central area of this site is progressing nicely. I am moving it out of alpha stages and now calling it a beta. For those of you who haven’t read my prior posts on The Grand Exchange Central, here is a description of it an some of its uses.
I view the Grand Exchange Central (GEC) as a resource to make informed investment decisions in the world of Runescape. The GEC is not all inclusive of all items Runescape. There are tens of thousands of purchasable items in the world of Runescape. Only a small percentage of that total is of any investment value or market effect. That small percentage is what the GEC will follow.
On the Runescape site item market history only goes back a month. On my Grand Exchange Central the data I have goes back to about 45 days. Obviously newly added items will have less available data. I plan on extending that period to 60 or even 90 days (more than double as much as available from the official GE site). With this added information trends can be more accurately seen.
I have broken up much of the economy into indexes (or indices) which represent various segments of the Runescape world. Currently the beta contains an Economy Index, A Wood Index, A Herb Index, and a WIWI Index. Very soon it will include Food, Seed, Potion, Rune, Weapons, Armour and other basic Indexes. And not too long from now other new Indexes will include oddball things like luxury and rare items. I am still trying to determine the best levels at which to calibrate these Indexes. I am leaning toward calibrating the higher value indexes to 10,000 points and the lower value indexes to 1000 points.
One of my priorities even before adding new indexes is to add a search feature. Right now the GEC only has about 50 items and can be looked through fairly easily. When I am finished I plan on having as many as 500 plus items and a search feature is going to be very important. Expect to see the search feature within the coming week.
After I am done including most of the items and indexes I may focus my attention incorporating smart projection routines into the GEC pages that will attempt to predict if certain items will continue declining or improving. Of course any prediction made by the GEC or anywhere else on the Runescape Thoughts Website are as is, caveat emptor, not guaranteed, past results not indicative of future returns, and so on.
If I really get my butt moving I may also include additional item information to the item pages. This information may include the amount of experience earned from making the item, the amount of healing from ingesting an item, and so forth. Don’t expect to see anything like that for months. I will also try to include Index RSS feeds so they can be added to google and yahoo homepages.
If you can think of any items that have investment value or have a direct impact on other parts of the Runescape economy please leave a comment and let me know. I will try, but not guarantee, to include all requested items in the Grand Exchange Central. The Runescape Thoughts is a small site on a free host and simply doesn’t have enough resources to track the whole of Runescape. But we will be happy to accommodate any reasonable requests within our means.
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