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UNDERSTANDING TECHNICAL
CHARTS
Technical Charts
Overview
Benefits
Specifications
1. Configuration Capabilities
Number of customisable parameters 272
2. Technical Analysis Specifications
Number of built in indicators 51
Trendline and formation drawing Y
Support and resistance levels Y
Fibonacci retracements Y
Regular retracements Y
Parabolic Stop and Retracement Y
Pivot Points Y
Displaced Moving Average Y
User defined Simple and Exponential Moving Y
Averages
Automatic buy and sell signals for several indicators Y
3. Charting capabilities
Linear scale Y
Semi logarithmic scale Y
Line charts Y
Bar charts Y
Candlestick charts Y
Volume charts Y
Quote information display Y
Multiple stock performance comparison Y
Chart area maximisation Y
User applied notes and arrows Y
Export graph image Y
Print function Y
Primary
Symbol
User defined
trendline
Volumes
Secondary
symbol Technical
Indicators
Load and
Save Print
Studies
Export image to
PNG
Maximise chart
1. Displaying charts
To chart a specific instrument simply enter the instrument ticker code into the primary
symbol field located toward the top left of the charting application. Alternatively, if you
have instruments already saved as favorites as listed on the left of the chart, you may
select a symbol from this list by simply clicking the required instrument. To draw
comparative charts, enter the secondary instrument ticker symbol name into secondary
symbol field located toward the bottom left of the chart. You can also compare
performance of multiple stocks by first selecting the percent (performance) scale and
then selecting multiple symbols. Please note, that when you enter a new symbol, it is
automatically added to the list of favorite symbols for your convenience.
3. Moving Averages
Include an exponential moving average, displaced moving average and up to three
simple moving averages with varying default period settings by clicking on the EMA,
DMA, SMA1, SMA2 or SMA3 buttons in the task bar above the chart. Default period
settings appear in the window to the right of each of these buttons for exponential and
simple moving averages while a new pop up window is returned when selecting the
displaced moving average. You may alter these default settings by mouse clicking on the
window, rendering this window a free text area and typing in your own settings. Press
enter and your user defined moving average will plot in the chart.
4. Chart customisation
Using the options available in the first toolbar, you can set a chart type, a scale, data
compression or adjust the amount of data displayed. To customise line widths and colors
press the "chart customisation" button (located on the right side of the first toolbar).
In addition to the settings listed above, individual studies (including indicators, their
parameters and objects on the chart) can be saved and later restored for a given security
using the buttons on the bottom of the programme window.
Functions
1. Maximise/minimise window
Allows you to expand the charting application to view in full screen. When viewed in full
screen, the same function allows you to minimise the chart.
3. Data refresh
You may manually request a data refresh from the system by clicking on the data refresh
function. This will repopulate the current chart with the most recent data.
5. Zoom in/out
Allows you to increase/decrease the amount of data presented in the display.
8. Logarithmic scale
A type of scale used on a chart that is plotted in such a way that two equivalent percent
changes are represented by the same vertical distance on Y axis, regardless of what the
price of the instrument is when the change occurs. The distance between the numbers
on Y axis decreases as the price of the underlying asset increases. Charts are by default
returned using a logarithmic scale.
9. Linear scale
Where users have elected to view a linear scale chart, the values on the Y axis are
spaced equidistantly. Each unit (price) change is represented by the same vertical
distance on the chart, regardless of what price level the asset is at when the change
occurs.
When selecting the Displaced Moving Average, you will be presented with a new window
with default settings on arithmetic versus exponential averages, period, displacement
and direction of displacement. All the default settings may be altered to reflect user
preferences. By clicking on the Apply Settings button, the Displaced Moving Average will
be drawn in the main charting area.
Technical Indicators
1. Acceleration (ACC): Chart pattern where the rate of change of share price increases
sharply.
4. Balance of Power (BOP): Momentum indicator that measures buying and selling
pressure, giving an indication of the degree in which individual instruments and the
market in general are overbought or oversold.
5. Bollinger Band (BOL): Provides several useful signals including confirmation of trend
and an indication of volatility.
6. Bollinger Oscillator (BOS): Computes the position of closing price relative to the width
of the Bollinger Bands.
7. Chaikin A/D Oscillator (ChAD): The degree of buying or selling pressure can be
calculated by the location of a close relative to the high and low for the corresponding
period.
8. Chaikin Money Flow (ChMF): Intended to show whether a given equity is within a
buying trend (money flow in) or a selling trend (money flow out).
9. Chaikin Oscillator (ChO): Created by subtracting a 10-day EMA from a three-day EMA
of the accumulation/distribution line.
10. Chaikin Volatility (ChV): By comparing the spread between an instrument’s high and
low prices, it quantifies volatility as a widening of the range between the high and the low
price.
11. Chande Momentum Oscillator (CMO): Determines the momentum of price data by
comparing the size of recent negative price changes to the size of recent positive price
changes.
13. Detrended Price Oscillator (DPO): Smoothes the trend in prices, allowing more easily
identifiable cycles and overbought/oversold levels.
15. Displaced Moving Average (DMA): A moving average which may be adjusted forward
or back with a view to predicting market/stock trends
16. Ease of Movement (EMV): Illustrates the relationship between volume and price
change.
17. Elder-ray Bear Power (EBear): Measures the amount of buying and selling pressure in
the market. Long positions are often taken when the bear power has a value below zero
but is increasing and the bull power's latest peak is higher than it was previously. The
slope of the EMA can also be used to help confirm the direction of the trend.
18. Elder-ray Bull Power (EBull): Measures the amount of buying and selling pressure in
the market. A short position is often taken when the bull-power value is positive but
falling and the bear power's recent low is lower than any other previous bottom. The
slope of the EMA can also be used to help confirm the direction of the trend.
19. Exponential Moving Average (EMA): This type of moving average reacts faster to
recent price changes than a simple moving average.
23. Force Index (FI): Combines price movements and volume to measure the market.
24. Intraday Momentum Index (IMI): Combination of the Relative Strength Index and
Candlestick Analysis.
25. Mass Index (MI): Range oscillator that uses changes in daily trading price and provides
market reversal forecasts.
27. MACD Oscillator (MACDO): Converts the two lines of the MACD into a single line that
fluctuates above and below zero.
28. Momentum - type 1 (MTM1): Measures the speed of price change and provides a
leading indicator of changes in a trend.
29. Momentum - type 2 (MTM2): Measures the speed of price change and provides a
leading indicator of changes in a trend.
30. Money Flow Index (MFI): A divergence between the money flow index and price trend
can warn of a possible trend reversal.
31. Negative Volume Index (NVI): Used in conjunction with the Positive Volume Index, it's
an attempt to identify bull markets.
32. On Balance Volume (OBV): Used to either confirm the current price trend or warn of a
possible reversal.
33. Parabolic SAR (PAR SAR): Useful in catching new trends early.
34. Pivot Points (PIV PTS): Derived by calculating the numerical average of a particular
stock's high, low and closing prices. May be used as a predictive indicator. If the
following day's market price falls below the pivot point, it may be used as a new
resistance level. Conversely, if the market price rises above the pivot point, it may act as
the new support level.
35. Positive Volume Index (PVI): Calculated based on price movements on days with
increased volume.
36. Percentage Volume Oscillator (PVO): Percentage difference between two moving
averages of volume.
37. Price Oscillator (POS): Shows the variation among two moving averages for the price
of an instrument.
38. Price and Volume Trend (PVT): Cumulative total of volume that is adjusted depending
on changes in closing prices.
39. QStick Indicator (QStick): Developed as a way to quantify candlesticks, the indicator is
a moving average of the difference between the opening and closing prices of an issue.
40. Rate of Change (ROC): Momentum indicator measuring velocity and also leads the
price action.
41. Relative Strength Index (RSI): Provides early warning of a sell or buy opportunity.
42. Relative Volatility Index (RVI): Used to measure the direction of volatility.
43. Simple Moving Average (SMA1, SMA2, SMA3): The average stock price over a user
defined period.
46. Trend Deviation (TRD): A moving average of volume is divided by another, and a
smoothed rate of change.
47. TRIX Index (Trix): A 1 day rate of change of a triple exponentially smoothed moving
average of closing prices.
48. Ultimate Oscillator (ULT): Sensitive to buying and selling pressure and offers reliable
signals.
51. Volume Oscillator (VOS): Makes use of the difference between two moving averages of
volume to determine if the overall volume trend is increasing or decreasing.
52. Volume Rate of Change (VROC): Displays the ROC of the security's volume.
53. Williams Accumulation Distribution (type 1) (WAD1): Tracks the buying pressure and
selling pressure.
54. Williams Accumulation Distribution (type 2) (WAD2): Tracks the buying pressure and
selling pressure.