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  • CFD Providers
    •  Compare All CFD Providers
      • CFD Summary
        Compare all CFD providers -- major features.
      • Markets Covered
        Stocks and markets covered by major CFD providers.
      • Orders & Execution
        Which CFD providers offer direct market access, straight through processing and/or guaranteed stop loss orders.
      • CFD Charges
        Which CFD providers offer the lowest commissions, interest rates, trading spreads and monthly charges.
      • CFD Margins
        Which CFD providers offer the best margin leverage and which require the lowest minimum starting balance.
  • Chart Patterns
    •  Long-Term Patterns
      • Chart Patterns
        Chart Patterns are formed by support and resistance levels and by trend lines.
      • Cup and Handle
        The cup and handle is a longer term continuation pattern, similar to an ascending triangle.
      • Double Tops
        Double tops are useful reversal patterns in an up-trend, identified by two peaks of similar height, followed by a break below the intervening trough.
      • Head & Shoulders
        A powerful reversal signal, the head and shoulders pattern is completed by a lower peak followed by a break below the neckline.
      • Support/Resistance
        Support and resistance are the foundation stone of all technical analysis.
      • Trading Ranges
        Trading Ranges are formed by support and resistance lines in close proximity. Price fluctuates in a narrow band with no clear trend.
      • Triangles & Wedges
        Triangles and wedges can be powerful continuation or reversal patterns, depending on their shape.
      • Triple Tops
        Triple tops are similar to double tops and comprise three peaks of similar height.
    •  Short-Term Patterns
      • Short-Term Support & Resistance
        Support, resistance and trading ranges.
      • Flags & Pennants
        Flags and pennants are short-term congestion patterns that form in trends and are reliable continuation signals.
      • Rectangles
        Rectangles are narrow consolidations in a trend.
      • Rectangle Signals
        Rectangles are of the most reliable chart patterns when they appear in close proximity to support or resistance during an up-trend.
      • Volume Patterns
        Volume activity provides powerful confirmation of price signals and often gives advance warning.
      • Trading Candlesticks
        To improve Candlesticks accuracy, combine with Volatility, Volume, Support/Resistance and Trendlines.
    •  Daily Patterns
      • Bar/OHLC Charts
        How to identify trends, control, commitment, uncertainty, inside and outside days.
      • Candlestick Charts
        Candlestick chart patterns are able to highlight trend weakness and reversal signals that may not be apparent on a normal bar chart.
      • Gaps
        Gaps are often found at breakouts or during a strong trend.
      • Wide Ranging Days
        A powerful signal, especially after big volume changes or a strong trend.
      • Spikes
        A spike is identified by a high sharply above the days on either side, a close near the day's low, and a strong preceding trend.
      • Volume Spikes/Dips
        There are two times where daily volume will highlight unusual trading activity: a spike above the normal range or a dip below normal activity levels.
    •  Reversal Days
      • Reversal Days
        Every trend change is signaled by a reversal day. The secret is to identify their potency.
      • Closing Price Reversal
        A powerful reversal signal, especially with a large spike after a strong advance...
      • Hook Reversal
        An inside day that signals a fairly weak reversal...
      • Island Reversal
        Island reversals are powerful signals, identified by gaps between the signal day and the days on either side...
      • Key Reversal
        Key reversal signals do not occur very often but are definitely worth the wait...
      • Open-Close Reversal
        Open-Close reversals are potent reversal signals when they follow a strong trend.
      • Pivot Point Reversal
        Pivot point reversals are the simplest and most commonly encountered of all reversal signals.
    •  Point & Figure Patterns
      • Basic Point & Figure Patterns
        Basic Point and Figure chart patterns: Support and resistance, trendlines, breakouts, bullish and bearish signals.
      • Bull & Bear Traps
        One of the most reliable Point and Figure chart patterns, Bull Traps occur when an upward breakout retreats back below the new support level.
      • Cup & Handle
        Identify the cup and handle pattern on Point and Figure charts. Popularized by William J O'Neill (How To Make Money In Stocks).
      • False Breaks
        Similar to Point and Figure bull and bear traps, false (or marginal) breaks occur at minor support levels (from a previous low) or minor resistance.
      • Retracements
        Retracements (or corrections), during a Point and Figure trend, tell us about the strength of the trend.
      • Spikes
        An upward Point and Figure spike is where a rally exceeds the previous column of Xs by at least 10 boxes.
      • Trend Reversals
        After a Point and Figure up-trend, marginal new highs (especially where accompanied by equal or lower lows) indicate a loss of momentum.
      • Triangles
        For a valid Point and Figure triangle there must be at least two retracements counter to the prevailing trend.
  • Contents
    •  Education
      • Technical Analysis
        What is technical analysis and does it really work? The foundations of technical analysis are support and resistance. Dow Theory builds on this to analyze the structure of trends.
      • Chart Patterns
        Chart Patterns are formed by support and resistance levels and by trend lines. They include long-term patterns such as Head & Shoulders, short-term patterns such as flags, daily reversal patterns, candlesticks and Point & Figure.
      • Candlestick Charts
        Candlestick chart patterns are able to highlight trend weakness and reversal signals that may not be apparent on a normal bar chart.
      • Point & Figure Charts
        Point & Figure charts are used to identify support levels, resistance and chart patterns. Point and Figure ignores the time factor and concentrate solely on movements in price.
      • Moving Averages
        Exponential, Simple, Weighted and Wilder moving averages: formula, selection, signals and trading systems.
      • Indicators A ~ Z
        A complete guide to technical analysis indicators.
      • Trading Strategy
        How to protect your capital with proper risk management strategies. How to position your stop loss orders. How to avoid common trading traps and control your emotions while trading.
      • Stock Screener
        The Stock Screener is used to identify securities that warrant further analysis. Filters include Price, Volume, Moving Averages, MACD, Bollinger Bands, Directional Movement, RSI, Stochastic, and many others.
      • Economy
        Interest rates, yield curves, central banks such as the US Federal Reserve, inflation, gold, and crude oil.
      • Investing
        Active investors combine fundamental and technical analysis, moving in and out of the market in accordance with the phases of the business cycle.
    •  Incredible Charts
      • About Us
        Incredible Charts was started by two brothers: Robin Twiggs, a Pascal/Delphi programmer; and Colin Twiggs, a chartered accountant with a background in investment banking.
      • Incredible Offer
        IncredibleCharts stock charting software, online data feed, plus Daily Trading Diary updates -- all for only $12 (USD) per month.
      • Free Charting
        Incredible Charts free charting software and free data for students and weekend browsers.
      • Download Incredible Charts
        Free Stock Charting Software. Powerful stock screens. Online data for NYSE, NASDAQ, AMEX, OTCBB, OTC Markets, LSE, ASX, World Indices, Forex and Precious Metals
      • Quick Tour (pdf)
        One-minute tour of Incredible Charts charting software and stock screener.
      • Help Manual (pdf)
        A brief overview of how to use Incredible Charts Charting Software.
      • Contact Us
        FAQs, Technical Support, Premium Members Support, Telephone & Fax Numbers.
  • Economy
    •  Economic Indicators
      • The Yield Curve
        Negative yield curves have proved reliable predictors of economic recession. However, recent experience in the United Kingdom and Australia raises questions...
      • Debt Growth
        Debt growth is important because it reveals the level of inflationary pressure in the economy; and inflationary pressure indicates future interest rate policy.
    •  Banks & Interest
      • Interest Rates and the Economy
        Interest rates have a big influence on stock markets because of three factors.
      • Central Banks
        Central banks and interest rates: There is an intrinsic interest rate in any market that matches demand for credit with savings.
      • How Banks Create Money
        How Banks Create Money out of Thin Air: Most money in the economy is held in the form of deposits with banks rather than in the form ...
      • Who Caused the GFC?
        Who caused the global financial crisis? Was it the banks? The shadow banking system? The rating agencies? Or fraudulent mortgage originators? The were all actors in the tragedy, but the producer, director and lead role was played by the Fed.
      • Future Banking Panics
        To protect ourselves from future banking panics we need to understand the underlying causes. Panics are normally precipitated by an insolvency crisis, which then escalates into a liquidity crisis as depositors rush to withdraw their funds.
      • The Fed's Failed Monetary Policy
        Ben Bernanke and I have little in common, but we share the view that any form of recovery is dependent on confidence. Where we differ is in how to restore confidence.
      • Big Picture 2011
        An excellent CNBC interview with Jeremy Grantham where he explains the game the Fed is playing: over-pricing bonds so that investors are forced back into stocks, even when dangerously over-valued.
      • Wright's Model
        Negative yield curves have proved to be reliable predictors of economic recession over the past 50 years. Research by Jonathan Wright, a research economist at the Federal Reserve, questioned whether this relationship still held. But his questions were answered by the GFC in 2007/2008.
    •  Managed Funds
      • Fund Managers
        Investing in Mutual Funds: If you do not have the time or expertise to manage your own investments then mutual funds may be your only option...
    •  Economic Threats
      • Balance Sheet Recession
        Richard Koo, Chief Economist %u2013 Nomura Research, explains why quantitative easing (QE) will not work in the GFC. Japan experienced this over the last two decades; the current crisis is merely a re-run.
      • Debt to GDP
        The real danger posed by debt is once debt becomes a significant fraction of GDP, and its growth rate substantially exceeds that of GDP, the economy will suffer a recession even if the debt to GDP ratio merely stabilizes. By Associate Professor Steve Keen, University of Western Sydney.
      • Cause for Concern
        Serious imbalances in the US economy: Paul Volcker, former chairman of the Federal Reserve (1979 - 1987), in his February 2005 address to the Stanford Institute for ...
      • The Impact of Inflation
        Inflation is the most commonly used economic term in the popular media. A Nexis search in 1996 found 872,000 news stories over the past twenty years that used the word inflation.
      • What's Behind the Interest Rate Conundrum
        INTEREST RATES, RECESSION OR DEPRESSION? Reproduced with kind permission from Aubie Baltin. Before we can even begin to discuss interest rates intelligently, we must first define what it is that we are actually talking about ...
      • How Socialism Works
        A simple illustration of how socialism reduces incentives to work.
    •  Gold
      • Gold-Oil Ratio
        The Link Between Gold and Oil. Gold and crude oil prices tend to rise and fall in sympathy with one another. There are two reasons for this ...
      • Gold and the Dollar
        Gold is generally quoted in US dollars per ounce of gold; so any fluctuations in the strength of the dollar are likely to be reflected in the dollar priceof gold.
  • Education
    •  Trend Analysis
      • MA Systems
        Crossovers of fast and slow moving averages are particularly useful for identifying trends and make an effective trading system when combined with stop losses.
      • Directional Movement - Trends
        An often-discussed system for tracking trends is the Directional Movement System set for weekly, rather than daily, directional movement. We compare performance to Stan Weinstein's breakout model.
      • Short-Term Trends
        Never trade against the trend - a fundamental principle in technical analysis. That's easy enough to follow, but how do you determine the trend?
      • Trend Strength
        Three main indicators of the strength of a trend.
      • Trend Lines
        The trend line is a powerful momentum indicator, alerting you to any acceleration or deceleration of the trend.
      • Forex Trend Channels
        Trend channels are one of the best available tools for identifying changes in trend momentum.
      • Standard Deviation Channels
        Standard deviation channels, plotted at a set number of standard deviations around a linear regression line, provide useful entry and exit signals for trading trends.
    •  Stock Market Cycles
      • Reading The Stock Market
        The behavior of the market is the most powerful influence on the performance of every stock.
      • Cycles
        The change in prices on any day is influenced by a number of cycles in different time frames...
      • Coppock Indicator
        Edwin Coppock designed this oscillator with one sole purpose: to identify the commencement of bull markets.
      • Bullish Percent Index
        Developed by Chartcraft, the index combines bull signals from individual stocks to identify market trends.
      • Market Tops & Bottoms
        William J. O'Neill identifies these signals in 24 Essential Lessons for Investment Success.
      • Interest Rates and the Economy
        Interest rates have a big influence on stock markets because of three factors.
    •  Chart Types
      • Bar/OHLC Charts
        How to identify trends, control, commitment, uncertainty, inside and outside days.
      • Candlestick Charts
        Candlesticks contain the same data as a normal bar chart but highlight the relationship between opening and closing prices.
      • Equivolume Charts
        The greatest advance in the last decade, equivolume exposes price and volume interaction.
      • Candlestick & OHLC Colors
        Candlesticks are colored according to opening and closing price, OHLC by comparing closing price to the previous close.
      • Point & Figure Charting Guide
        Suggests suitable Point & Figure settings: log or normal scale; box size and reversal amounts; and pricing method.
    •  Long-Term Patterns
      • Chart Patterns
        Chart Patterns are formed by support and resistance levels and by trend lines.
      • Cup and Handle
        The cup and handle is a longer term continuation pattern, similar to an ascending triangle.
      • Double Tops
        Double tops are useful reversal patterns in an up-trend, identified by two peaks of similar height, followed by a break below the intervening trough.
      • Head & Shoulders
        A powerful reversal signal, the head and shoulders pattern is completed by a lower peak followed by a break below the neckline.
      • Support/Resistance
        Support and resistance are the foundation stone of all technical analysis.
      • Trading Ranges
        Trading Ranges are formed by support and resistance lines in close proximity. Price fluctuates in a narrow band with no clear trend.
      • Triangles & Wedges
        Triangles and wedges can be powerful continuation or reversal patterns, depending on their shape.
      • Triple Tops
        Triple tops are similar to double tops and comprise three peaks of similar height.
    •  Short-Term Patterns
      • Short-Term Support & Resistance
        Support, resistance and trading ranges.
      • Flags & Pennants
        Flags and pennants are short-term congestion patterns that form in trends and are reliable continuation signals.
      • Rectangles
        Rectangles are narrow consolidations in a trend.
      • Rectangle Signals
        Rectangles are of the most reliable chart patterns when they appear in close proximity to support or resistance during an up-trend.
      • Volume Patterns
        Volume activity provides powerful confirmation of price signals and often gives advance warning.
      • Trading Candlesticks
        To improve Candlesticks accuracy, combine with Volatility, Volume, Support/Resistance and Trendlines.
    •  Daily Patterns
      • Bar/OHLC Charts
        How to identify trends, control, commitment, uncertainty, inside and outside days.
      • Candlestick Charts
        Candlestick chart patterns are able to highlight trend weakness and reversal signals that may not be apparent on a normal bar chart.
      • Gaps
        Gaps are often found at breakouts or during a strong trend.
      • Wide Ranging Days
        A powerful signal, especially after big volume changes or a strong trend.
      • Spikes
        A spike is identified by a high sharply above the days on either side, a close near the day's low, and a strong preceding trend.
      • Volume Spikes/Dips
        There are two times where daily volume will highlight unusual trading activity: a spike above the normal range or a dip below normal activity levels.
    •  Reversal Days
      • Reversal Days
        Every trend change is signaled by a reversal day. The secret is to identify their potency.
      • Closing Price Reversal
        A powerful reversal signal, especially with a large spike after a strong advance...
      • Hook Reversal
        An inside day that signals a fairly weak reversal...
      • Island Reversal
        Island reversals are powerful signals, identified by gaps between the signal day and the days on either side...
      • Key Reversal
        Key reversal signals do not occur very often but are definitely worth the wait...
      • Open-Close Reversal
        Open-Close reversals are potent reversal signals when they follow a strong trend.
      • Pivot Point Reversal
        Pivot point reversals are the simplest and most commonly encountered of all reversal signals.
    •  Point & Figure
      • Point & Figure Charts
        Point and Figure charts are used to identify support levels, resistance and chart patterns. Point and Figure ignores the time factor and concentrate solely on movements in price.
      • Point & Figure Charting Guide
        Suitable Point & Figure settings: log or normal scale; box size and reversal amounts; and pricing method.
      • Point & Figure Setup
        Create custom Point and Figure chart s from the Indicator Panel.
    •  Point & Figure Patterns
      • Basic Point & Figure Patterns
        Basic Point and Figure chart patterns: Support and resistance, trendlines, breakouts, bullish and bearish signals.
      • Bull & Bear Traps
        One of the most reliable Point and Figure chart patterns, Bull Traps occur when an upward breakout retreats back below the new support level.
      • Cup & Handle
        Identify the cup and handle pattern on Point and Figure charts. Popularized by William J O'Neill (How To Make Money In Stocks).
      • False Breaks
        Similar to Point and Figure bull and bear traps, false (or marginal) breaks occur at minor support levels (from a previous low) or minor resistance.
      • Retracements
        Retracements (or corrections), during a Point and Figure trend, tell us about the strength of the trend.
      • Spikes
        An upward Point and Figure spike is where a rally exceeds the previous column of Xs by at least 10 boxes.
      • Trend Reversals
        After a Point and Figure up-trend, marginal new highs (especially where accompanied by equal or lower lows) indicate a loss of momentum.
      • Triangles
        For a valid Point and Figure triangle there must be at least two retracements counter to the prevailing trend.
    •  Indicator Basics
      • Using Indicators
        When using indicators, it pays to understand their strengths and weaknesses.
      • Favorite Indicators
        My favorite indicators.
      • Indicator Signals
        Explains basic indicator and trend concepts: respect, whipsaws, divergence, and failure swings.
      • Indicator Time Frames
        A key principle when using indicators: set the time frame to reflect the cycle being traded...
      • Fibonacci Numbers
        Fibonacci numbers are named after Leonardo Fibonacci, a twelfth century Italian mathematician who discovered the Golden ratio.
      • Linear Regression
        Linear regression fits a straight line to the selected data using a method called the Sum Of Least Squares.
    •  Compare Stocks/Indices
      • Compare Prices
        Compare stock and/or index prices. Overlays can be plotted unadjusted, or to intercept on a selected date.
      • Price Comparison
        Price Comparison plots the performance of a stock against an index or a related stock.
      • Price Differential
        Similar to Price Comaprison, you can compare bond yields or interest rates that share the same price axis.
      • Price Ratio
        A powerful tool for stock selection, Price Ratio is also referred to as Relative Strength and compares the performance of a stock relative to an index or a related stock.
      • Relative Strength (Compare)
        Relative Strength calculates the strength of one stock/index compared to a second stock/index, either with/without a specified intercept date.
    •  Moving Average Types
      • Moving Average
        The Moving Average smooths price data to create a powerful measure of trend direction. Simple, weighted and exponential moving averages are most popular.
      • Simple Moving Average
        Simple moving averages are easy to construct, but prone to distortion: they tend to "bark twice".
      • Exponential Moving Average
        Exponential moving averages are more sophisticated than simple moving averages and do not suffer from the same distortions.
      • Weighted Moving Average
        Weighted moving averages eliminate the distortion common to simple moving averages, but are more difficult to construct than exponential moving averages.
      • Wilder Moving Average
        Wilder moving averages are used mainly in indicators developed by J. Welles Wilder. Essentially the same as an exponential moving average, they use different weightings, for which users need to make allowance.
      • Moving Average Filters
        Filters are employed to reduce the number of whipsaws when using moving average systems.
      • Moving Average High/Low/Open
        Calculates moving averages using daily, weekly or monthly Highs/Lows/Opens.
      • Selecting A Long-Term Moving Average
        How to select a long-term moving average to track the primary trend.
    •  Moving Average Systems
      • Two Moving Averages
        Fast and slow moving averages provide a powerful measure of trend strength and direction.
      • Three Moving Averages
        A more sophisticated MA system that uses a third moving average to identify ranging markets.
      • Multiple Moving Averages
        Daryl Guppy introduced multiple moving averages to measure trends and identify likely reversals. The indicator compares multiple short-term and long-term exponential moving averages.
      • Rainbow 3D Moving Averages
        Ivan Ballin's colorful variation of Daryl Guppy's Multiple Moving Averages.
      • Price Envelope
        Sometimes referred to as Percentage Bands, Price Envelopes are plotted at a set percentage above and below a moving average.
      • Keltner Channels
        Linda Bradford Raschke popularized Keltner bands, plotted at an ATR multiple around an exponential MA, to filter trend entries.
    •  MACD
      • MACD
        MACD (Moving Average Convergence Divergence) is a powerful refinement of the two moving averages system, providing reliable signals of trend changes.
      • MACD Histogram
        The MACD Histogram (Moving Average Convergence Divergence Histogram) provides far earlier and more responsive signals than the original MACD, but is also more volatile.
      • Weekly MACD Histogram
        The MACD Histogram (Moving Average Convergence Divergence Histogram) provides a highly responsive measure of market direction but is more suited to traders than investors.
    •  Moving Average Oscillators
      • Commodity Channel Index
        Donald Lambert's Commodity Channel Index (CCI) highlights overbought and oversold markets and likely turning points.
      • Detrended Price Oscillator
        The Detrended Price Oscillator isolates the short cycle, providing powerful trend signals on divergences.
      • MA Oscillator
        The Moving Average Oscillator simply compares closing price to the moving average.
      • MACD
        MACD (Moving Average Convergence Divergence) is a powerful refinement of the two moving averages system, providing reliable signals of trend changes.
      • MACD Histogram
        The MACD Histogram (Moving Average Convergence Divergence Histogram) provides far earlier and more responsive signals than the original MACD, but is also more volatile.
    •  Trend Indicators
      • Aroon Oscillator
        The Aroon Oscillator was developed by Tushar Chande to identify the start of a new trend and measure trend strength.
      • Coppock Indicator
        Edwin Coppock designed this oscillator with one sole purpose: to identify the commencement of bull markets.
      • Directional Movement
        Welles Wilder's Directional Movement is one of few indicators that not only provides trend signals but indicates whether a trend is suitable to trade.
      • Donchian Channels
        Richard Donchian's Channels are used in a number of trading systems to identify entry and exit points in trends.
      • KST Indicator
        Martin Pring's KST Indicator identifies major trend changes when KST crosses its signal line.
      • Linear Regression Indicator
        The Linear Regression Indicator is used for trend identification and trend following in a similar fashion to moving averages, but reacts faster than an MA to trend changes.
      • Moving Average
        The Moving Average smooths price data to create a powerful measure of trend direction. Simple, weighted and exponential moving averages are most popular.
      • Multiple Moving Averages
        Daryl Guppy introduced multiple moving averages to measure trends and identify likely reversals. The indicator compares multiple short-term and long-term exponential moving averages.
      • Parabolic SAR
        Developed by J. Welles Wilder, the Parabolic SAR indicator provides excellent short/medium-term entry and exit points in trending markets.
      • Rainbow 3D Moving Averages
        Ivan Ballin's colorful variation of Daryl Guppy's Multiple Moving Averages.
    •  Momentum Oscillators
      • ADX
        ADX is part of the Directional Movement System developed by J. Welles Wilder. It is used to warn of trend changes and to identify whether a stock is trending or ranging.
      • Bollinger %b
        Bollinger %b identifies suitable entry and exit points in a trend, while Band Width highlights when bands converge into a narrow neck, preceding a breakout.
      • Elder Ray Index
        Developed by Dr Alexander Elder, the Elder-Ray indicator measures buying and selling pressure in the market and is often used as part of the Triple Screen trading system.
      • Mass Index
        Donald Dorsey's Mass Index predicts trend reversals by comparing trading range over a 9 day period.
      • Momentum
        Momentum measures trend strength and identifies likely reversal points: on divergences or when Momentum crosses the overbought/oversold line.
      • Negative Volume
        Norman Fosback uses Negative Volume Index (NVI) with Positive Volume Index (PVI) to identify bull markets.
      • Positive Volume
        Introduced by Norman Fosback, Positive Volume Index identifies bull and bear markets by measuring activity on days when volume is higher.
      • Rate Of Change (Price)
        A refinement of Momentum, Rate of Change is designed to fluctuate as a percentage around the zero line.
      • Relative Strength Index (RSI)
        Developed by Welles Wilder, RSI (Relative Strength Index) is a popular momentum oscillator that compares upward and downward movements in closing price.
      • Slow Stochastic
        The Slow Stochastic Oscillator provides more reliable signals than the original indicator, applying further smoothing to reduce volatility and improve accuracy.
      • Smoothed Rate of Change (SROC)
        Smoothed Rate of Change (SROC), introduced by Fred G Schutzman in 1991, gives slower but more accurate signals than other momentum oscillators.
      • Stochastic Oscillator
        The Stochastic Oscillator tracks market momentum and provides excellent entry and exit signals from crossover of %K and %D lines or overbought/oversold levels.
      • TRIX Indicator
        Designed for trading trends, TRIX uses a triple-smoothed moving average to eliminate cycles shorter than the indicator period.
      • Twiggs Momentum Oscillator
        Twiggs Momentum Oscillator is a smoothed version of the Rate Of Change oscillator. Its primary purpose is to identify fast trending stocks.
      • Vertical Horizontal Filter (VHF)
        Adam White's Vertical Horizontal Filter (VHF) identifies trending and ranging markets.
      • Williams %R
        Williams %R is similar to Stochastic %K. Entry signals are taken on divergences, failure swings or crossover of the overbought/oversold level.
      • Williams Accumulate Distribute
        Larry Williams highlights accumulation and distribution by comparing daily trading ranges. Signals are taken on divergences.
    •  Money Flow
      • Accumulation Distribution
        Accumulation Distribution tracks the relationship between price and volume and acts as a leading indicator of price movements. The strongest signals are divergences.
      • Chaikin Money Flow
        Developed by Marc Chaikin, the Chaikin Money Flow indicator often warns of breakouts and provides useful trend confirmation.
      • Chaikin Oscillator
        Marc Chaikin's oscillator monitors the flow of money in and out of the market.
      • Ease of Movement
        Richard W Arms' powerful Ease of Movement indicator highlights the relationship between volume and price changes; useful for assessing the strength of a trend.
      • Equivolume Charts
        The greatest advance in the last decade, equivolume exposes price and volume interaction.
      • Force Index
        Developed by Dr Alexander Elder, the Force index combines price movements and volume to measure the strength of bulls and bears in the market.
      • Money Flow Index
        Money Flow Index measures trend strength and warns of likely reversal points.
      • On Balance Volume
        Developed by Joseph Granville, OBV provides a powerful measure of accumulation and distribution by comparing volume to price movements.
      • Price Volume Trend
        The Price Volume Trend indicator measures the strength of trends and warns of reversals.
      • Twiggs Money Flow
        Colin Twiggs' Money Flow is a derivation of the Chaikin Money Flow indicator. Position above/below the zero line gives advance indication of breakouts, while divergences warn of reversals.
      • Williams Accumulation Distribution
        Williams Accumulation Distribution is traded on divergences. When price makes a new high and the indicator fails to exceed its previous high, distribution is taking place.
    •  Volume Indicators
      • Volume
        Volume highlights unusual trading activity and provide powerful confirmation of price signals.
      • Rate of Change (Volume)
        The Rate of Change formula can also be applied to volume, where it highlights changes in volume activity.
      • Volume Oscillator
        Volume Oscillator is an easy to use indicator that highlights changes in volume activity.
      • Volume
        Volume highlights unusual trading activity and provide powerful confirmation of price signals.
      • Rate of Change (Volume)
        The Rate of Change formula can also be applied to volume, where it highlights changes in volume activity.
      • Volume Oscillator
        Volume Oscillator is an easy to use indicator that highlights changes in volume activity.
    •  Trailing Stops
      • ATR Bands
        Average True Range (ATR) Bands are used to signal exits in a similar fashion to ATR Trailing stops, but without the stop-and-reverse (SAR) of trailing stops.
      • ATR Trailing Stops
        Average True Range (ATR) Trailing Stops are used to trigger exits and lock in trading profits.
      • Chandelier Exits
        Chuck LeBeau's Chandelier Exits are primarily used as a stop loss mechanism to time exits from a trending market.
      • Parabolic SAR
        Developed by J. Welles Wilder, the Parabolic SAR indicator provides excellent short/medium-term entry and exit points in trending markets.
      • Percentage Trailing Stops
        Percentage Trailing Stops are a simple but effective method for locking in profits
      • Safezone Indicator
        Alexander Elder's Safezone Stops use Directional Movement to signal exits from a trend.
      • Volatility Stops
        Welles Wilder's original Volatility Stops uses Average True Range in a trend-following system.
    •  Volatility Indicators
      • Average True Range
        Average True Range are used to measure commitment. Expanding ranges signal increased eagerness and contracting ranges, a loss of enthusiasm.
      • Bollinger Bands
        Bollinger Bands are used to confirm trading signals from momentum or trend indicators. Bands widen when prices are volatile and contract when they consolidate.
      • Chaikin Volatility
        Developed by Marc Chaikin. Look for sharp increases in volatility prior to market tops and bottoms, followed by low volatility as the market loses interest.
      • True Range
        Welles Wilder's True Range adjusts the normal High - Low daily range when there is an opening gap.
      • Volatility
        Volatility is a statistical measure of risk called the coefficient of variation.
      • Volatility Ratio
        Jack Schwager, in his book Schwager on Futures, uses the Volatility Ratio to identify wide-ranging days.
    •  Stock Trading
      • Trading Stocks
        Stock trading, or speculation as it used to be called, is the buying or selling of stocks to profit from a change in prices.
    •  Trading Styles
      • Breakout Model
        Stan Weinstein's powerful system for trading long-term trends: the model combines a number of proven techniques to identify breakouts.
      • Trading Trends
        If you are going to trade trends, no matter what the time frame, you are likely to encounter three major problems: false starts, early shakeouts and ...
      • Blind Freddy Trends
        A swing trading technique using moving averages and short-term chart patterns.
      • Momentum Trading
        In its simplest terms, momentum refers to buying stocks which exhibit past over-performance. Eugene Fama, the father of the efficient market hypothesis, refers to momentum as "the premier unexplained anomaly".
      • Momentum Trading II
        Dr Bruce Vanstone shows how to create Momentum simulations using the ASX 200 as an example
      • Momentum Trading III
        Dr Bruce Vanstone summarizes the key characteristics of investing using momentum based approaches and discusses some approaches to managing risk in momentum models and the benefits investors can expect when investing with rules-based funds.
    •  Money Management
      • The 2% Rule
        Restrict the size of your initial position so that your capital is protected if you suffer a string of losses.
    •  Stop Loss Research
      • Stop Loss - Help or Hindrance? Part 1
        The argument for the use of stop-loss rules seems inherently sound, yet there appears to be no real evidence that stops are providing the safety benefits that many traders expect.
      • Stop Loss - Help or Hindrance? Part 2
        The argument for the use of stop-loss rules seems inherently sound, yet there appears to be no real evidence that stops are providing the safety benefits that many traders expect.
      • Stop Loss - Help or Hindrance? Part 3
        The argument for the use of stop-loss rules seems inherently sound, yet there appears to be no real evidence that stops are providing the safety benefits that many traders expect.
    •  Trading Traps
      • Trading Traps: The Shakeout
        Tricks of the Trade: A market professional may want to accumulate a large position in a stock that is trending strongly...
      • The Fakeout
        Tricks of the Trade: If a market professional sits with a large sell order and the stock is consolidating....
      • Pump and Dump
        Tricks of the Trade: Also referred to as ramping, this is an old trick often perpetrated by sly old hands who prey on newcomers.
      • Bull & Bear Traps
        One of the most reliable Point and Figure chart patterns, Bull Traps occur when an upward breakout retreats back below the new support level.
    •  Trading Psychology
      • Trading Psychology
        Your biggest enemy, when trading, is within yourself. Success will only come when you learn to control your emotions.
      • Know Your Trading Style
        What personality style are you? And how does this suit becoming a trader?
      • Searching for the Holy Grail
        Most traders are on the lookout for ways to improve their trading, but some dedicate their lives to searching for the holy grail.
      • Trading With Emotions
        Before you can manage your emotions it helps to understand what causes them. Our brains and endocrine system are a veritable narcotics factory...
      • Investors Logic
        Investors often use distorted logic when buying stocks: what goes up must come down? Stocks that rise steeply in price and make new highs are viewed as expensive ...
      • Gamblers Logic
        If I toss a coin and heads turns up five times in a row. Which side is more likely to turn up the next time? Heads or tails?
    •  Screening For Patterns
      • Breakouts from a Base
        To find stocks that are breaking out from a long-term base, we need to screen for stocks that are trending up but ...
      • Consolidations
        To find stocks that are consolidating within a narrow range, we apply the following filter: Directional Movement ADX Value Filter; Minimum 2; Maximum 10 ...
      • Screening for Trends
        To find stocks that are trending, we apply one/both of the following filters: Moving Average Crossovers Bull Signal; Closing Price > 100-Day MA...
      • Exhaustion Gaps
        To find exhaustion gaps, we need to apply two filters: (1) Gaps; and (2) A filter to identify extended trends.
    •  Price Filters
      • Price Filter
        The price filter can be used to filter out stocks above or below selected limits. The Minimum and Maximum fields are measured in cents.
      • % Price Move
        Percentage Price Move can be used to filter stocks that have increased/decreased by more than a specified percentage.
      • % Of Price High
        Percentage Of Price High compares the current closing price to the previous high.
    •  Stock Screen Filters
      • Bollinger Bands
        Bollinger Band filters are calculated using exponential moving averages. Values are compared to Bollinger Bands at 1.0 standard deviation above and below the selected moving average.
      • Directional Movement
        When DI crosses above DI-, this signals an up-trend. When DI- crosses to above DI , this signals a down-trend.
      • Gaps
        Gaps occur when the lowest price traded is above the high of the previous day.
      • Moving Average
        Moving Average Crossovers are calculated using exponential moving averages. See Two Moving Averages for further details.
      • MACD Stock Screen
        MACD Bull Signals when MACD crosses to above the signal line....
      • Relative Strength Index (RSI)
        Relative Strength Index is calculated using the Wilder moving average formula.
      • Slow Stochastic
        Slow Stochastic crossovers are calculated using %K from the Slow Stochastic formula. This is equal to %D from the fast Stochastic.
      • Volatility
        Volatility is used to filter out stocks above or below specified levels of risk: The Minimum and Maximum fields are measured as percentages.
      • Volatility Ratio
        The Volatility Ratio identifies days with exceptionally wide trading ranges (the distance between High and Low) and is used to signal likely reversal days. Details ...
      • Volume Filter
        The volume filter is used to filter out stocks which show insufficient activity (ie. stocks with low liquidity): The Minimum field represents volume (in number of ...
      • Volume MA
        Volume Moving Average crossovers are calculated using exponential moving averages. See Volume Oscillator for further details.
      • Volume Spikes
        Volume spikes are days on which there is unusually high volume activity, measured by comparing daily volume to a 50-day exponential moving average (of volume).
    •  Banks & Interest
      • Interest Rates and the Economy
        Interest rates have a big influence on stock markets because of three factors.
      • Central Banks
        Central banks and interest rates: There is an intrinsic interest rate in any market that matches demand for credit with savings.
      • How Banks Create Money
        How Banks Create Money out of Thin Air: Most money in the economy is held in the form of deposits with banks rather than in the form ...
      • Who Caused the GFC?
        Who caused the global financial crisis? Was it the banks? The shadow banking system? The rating agencies? Or fraudulent mortgage originators? The were all actors in the tragedy, but the producer, director and lead role was played by the Fed.
      • Future Banking Panics
        To protect ourselves from future banking panics we need to understand the underlying causes. Panics are normally precipitated by an insolvency crisis, which then escalates into a liquidity crisis as depositors rush to withdraw their funds.
      • The Fed's Failed Monetary Policy
        Ben Bernanke and I have little in common, but we share the view that any form of recovery is dependent on confidence. Where we differ is in how to restore confidence.
      • Big Picture 2011
        An excellent CNBC interview with Jeremy Grantham where he explains the game the Fed is playing: over-pricing bonds so that investors are forced back into stocks, even when dangerously over-valued.
      • Wright's Model
        Negative yield curves have proved to be reliable predictors of economic recession over the past 50 years. Research by Jonathan Wright, a research economist at the Federal Reserve, questioned whether this relationship still held. But his questions were answered by the GFC in 2007/2008.
    •  Managed Funds
      • Fund Managers
        Investing in Mutual Funds: If you do not have the time or expertise to manage your own investments then mutual funds may be your only option...
    •  Economic Threats
      • Balance Sheet Recession
        Richard Koo, Chief Economist %u2013 Nomura Research, explains why quantitative easing (QE) will not work in the GFC. Japan experienced this over the last two decades; the current crisis is merely a re-run.
      • Debt to GDP
        The real danger posed by debt is once debt becomes a significant fraction of GDP, and its growth rate substantially exceeds that of GDP, the economy will suffer a recession even if the debt to GDP ratio merely stabilizes. By Associate Professor Steve Keen, University of Western Sydney.
      • Cause for Concern
        Serious imbalances in the US economy: Paul Volcker, former chairman of the Federal Reserve (1979 - 1987), in his February 2005 address to the Stanford Institute for ...
      • The Impact of Inflation
        Inflation is the most commonly used economic term in the popular media. A Nexis search in 1996 found 872,000 news stories over the past twenty years that used the word inflation.
      • What's Behind the Interest Rate Conundrum
        INTEREST RATES, RECESSION OR DEPRESSION? Reproduced with kind permission from Aubie Baltin. Before we can even begin to discuss interest rates intelligently, we must first define what it is that we are actually talking about ...
      • How Socialism Works
        A simple illustration of how socialism reduces incentives to work.
    •  Gold
      • Gold-Oil Ratio
        The Link Between Gold and Oil. Gold and crude oil prices tend to rise and fall in sympathy with one another. There are two reasons for this ...
      • Gold and the Dollar
        Gold is generally quoted in US dollars per ounce of gold; so any fluctuations in the strength of the dollar are likely to be reflected in the dollar priceof gold.
    •  Economic Indicators
      • The Yield Curve
        Negative yield curves have proved reliable predictors of economic recession. However, recent experience in the United Kingdom and Australia raises questions...
      • Debt Growth
        Debt growth is important because it reveals the level of inflationary pressure in the economy; and inflationary pressure indicates future interest rate policy.
    •  Investing
      • Active Investing
        Active investors combine fundamental and technical analysis, moving in and out of the market in accordance with the phases of the business cycle.
      • Fundamental Analysis
        What is Fundamental Analysis? Fundamental analysis attempts to determine the present value of a stock based on its expected future cash flows.
      • Value Investing
        The critical questions in value investing are: At what rate will earnings (and dividends) grow over the investment period? What is the (investments) risk? Can management be trusted...
      • PEG Ratio
        The PEG ratio is a powerful formula which compares earnings growth and the Price Earnings Ratio: Divide the current Price Earnings Ratio by the expected long-term growth rate (in earnings per share) ...
      • Focus on Dividends
        How to calculate the value of future cash flows to you and assess your margin of safety.
      • Dividend Value Calculator
        Use projected dividends to calculate the margin of safety (popularized by Warren Buffett and Benjamin Graham) for an investment.
    •  SMSF and Tax
      • SMSF Borrowing
        Self-managed super funds are once again able to borrow to finance the purchase of assets, but there are a number of potential pitfalls.
  • Forum
    •  Forum
      • Forum Topics
        Forum discussion of stocks, markets, commodities, forex, trading and technical analysis
      • Forum Rules
        Some suggested ground rules when discussing stocks or securities ...
      • Forum Help
        Registration, posting, email notifications, ...
      • Forum Images
        Members of the Chart Forum are requested not to post images with the names or links to other software ...
  • Getting Started
    •  About Us
      • Colin Twiggs
        About Colin Twiggs, author of the Trading Diary and Incredible Charts website.
      • Incredible Charts
        Incredible Charts was started by two brothers: Robin Twiggs, a Pascal/Delphi programmer; and Colin Twiggs, a chartered accountant with a background in investment banking.
      • Contact Us
        FAQs, Technical Support, Premium Members Support, Telephone & Fax Numbers.
  • Help A ~ Z
    •  A ~ C
      • About the Trading Diary
        Explains the purpose of the Trading Diary, how to interpret the Market Strategy and how to search the diary archives.
      • Advanced Options
        Commands that are complex or infrequently used are placed under View >> Advanced Options
      • ASX Option Codes
        ASX Options are issued with a six letter code....
      • ASX Warrant Codes
        ASX Warrants are issued with a six letter code...
      • Back Testing
        Use the scroll buttons on the toolbar to simulate actual trading conditions.
      • Backup
        It is advisable to backup your watchlists and project files on a regular basis.
      • Candlestick & OHLC Colors
        Candlesticks are colored according to opening and closing price, OHLC by comparing closing price to the previous close.
      • Captions
        Incredible captions - highlight buy and sell signals and record your observations right on the chart...
      • Chart Construction Details
        This page explains some of the issues surrounding actual construction of the charts ...
      • Chart Types
        Candlesticks, bar charts, equivolume, candlevolume and point and figure
      • Chart Views
        Chart types, log and normal scale, legends, crosshairs, price and time axes, indicator views and screen splits.
      • Crosshairs
        Use cross-hairs to line up bars on a chart, or to check dates or price levels.
    •  D ~ H
      • Daily, Weekly & Monthly Intervals
        Use the View menu to switch between Daily, Weekly and Monthly bars.
      • Data Compatibility
        Incredible Charts fetches packets of data from the server as you chart each stock - eliminating the need for daily data downloads. The data format is not compatible with other charting software.
      • Data from Yahoo
        Import data from external websites such as Yahoo.
      • Data Import
        Import data from files on your computer - in descending date order.
      • Data Update Times
        20-minute delayed ASX and SGX updates, and 15-minute delayed LSE, TSX, NYSE, NASDAQ and AMEX updates.
      • Dilution Adjustments
        Stocks may be adjusted for the dilution effect of share splits, special dividends, rights issues, spin-offs and reconstructions. Here are some examples ...
      • Email Charts
        Effortlessly send charts to your friends.
      • Fibonacci Extensions
        Project Fibonacci extension levels from a present trend.
      • Fibonacci Retracements
        Project Fibonacci retracement levels from an existing trend.
      • Format Charts
        Customize indicator colors, chart gridlines and background colors to suit your needs.
      • Forum Help
        Registration, posting, email notifications, ...
      • Forum Images
        Members of the Chart Forum are requested not to post images with the names or links to other software ...
      • Getting Started
        Find a stock, select a chart type, add indicators, adjust the screen view and change the time period.
      • Hide Advertising
        Premium members can hide the top banner and right margin advertising banners ...
    •  J ~ P
      • Keyboard Shortcuts
        Shortcut keys to activate Incredible Charts commands from the keyboard.
      • Legend
        Display the chart legend, show/hide indicators and edit their colors.
      • Live Updates
        Incredible Charts automatically updates when when there is a new version available on the server.
      • Log & Normal Scale
        Use log scale to view charts with large price variations, normal scale for shorter-term charts.
      • Mac Users
        There is no special Mac version but some users successfully run Incredible Charts with Vitual PC.
      • Menus & Toolbars
        Menu and toolbar commands.
      • Point & Figure Setup
        Create custom Point and Figure chart s from the Indicator Panel.
      • Premium Members
        Assistance for new subscribers.
      • Price & Time Scales
        Adjust scales for the price and time axes
      • Price Bar
        OHLC Volume and Date are displayed on the price bar below the chart.
      • Print Charts
        Create handy print copies of charts.
      • Project Customize
        Set a project to open with a custom security, time period, chart interval, chart type and log/normal scale.
      • Project Tabs
        Recently used project files are displayed as tabs below the price chart (and indicators), above the bottom price bar. Click on a tab, for example [Relative Strength], to display the project ...
      • Projects Add
        Create new project files for your separate trading systems. Save all customized chart and indicator settings.
      • Projects Explained
        A project contains a set of indicators, trendlines, captions and default settings. A project does not contain data relating to specific securities. All data is stored in a ...
    •  Q ~ S
      • Quotes from Yahoo
        Delayed quotes can only be imported from Yahoo at this stage. Please notify us of any other websites that you would like to see included ...
      • Relative Strength
        The Relative Strength indicator is set up using the Price Comparison indicator. Indicators are saved to your Project ...
      • Save Chart Image
        Save charts as bitmap or png images.
      • Scroll Back/Forward
        Scroll back/forward on the time axis with the scrolling toolbar.
      • Sector Analysis
        From Stan Weinstein's Secrets for Profiting in Bull and Bear Markets - a breakout model for trading stocks and shares in a longer time frame ...
      • Sectors Dow Jones
        Dow Jones US Sector Indexes ...
      • Sectors S & P
        Standard & Poors (S&P) US Sector Indexes ...
      • Stock Menu Add
        Add exchanges to the stock menu list.
      • Stock Menu Browse
        Browse securities menus alphabetically or by sector.
      • Stock Menus Customize
        You may wish to customize your watchlist and menu settings to reduce the number of sub-folders
      • Stock Search
        Find a stock or index by searching for the security name or symbol.
      • Stock Select
        Select a stock by entering the symbol in the securities toolbar.
    •  T ~ Z
      • About the Trading Diary
        Explains the purpose of the Trading Diary, how to interpret the Market Strategy and how to search the diary archives.
      • Data Update Times
        20-minute delayed ASX and SGX updates, and 15-minute delayed LSE, TSX, NYSE, NASDAQ and AMEX updates.
      • Time Period Select
        How to select a time frame to display on your chart
      • Time Zones
        Advice on converting times in different countries.
      • Toolbars Customize
        Left-click and right-click commands for toolbars
      • Trend Channels
        Trend channels are used to track the momentum of a trend, with peaks (or highs) frequently respecting the upper trend channel; and troughs (or lows) respecting the lower ...
      • Trendlines
        Draw trendlines on a chart.
      • Undo/Redo
        Easily undo or redo recent changes.
      • Uninstall
        To uninstall, open Uninstall.exe in the Incredible Charts folder
      • Watchlist Emails
        Set up daily or weekly watchlist emails that can be exported to spreadsheet.
      • Watchlists
        Save time: Add securities to your watchlist.
      • Watchlists in Excel
        Creating watchlists with Excel
      • Watchlists Multiple
        Organize your securities into multiple watchlists.
      • Yahoo Data
        Import data from external websites such as Yahoo.
      • Zoom
        Drag your mouse pointer to zoom in on a specific chart period
  • Help Menu
    •  Drawing Tools
      • Trendlines
        Draw trendlines on a chart.
      • Captions
        Incredible captions - highlight buy and sell signals and record your observations right on the chart...
      • Trend Channels
        Trend channels are used to track the momentum of a trend, with peaks (or highs) frequently respecting the upper trend channel; and troughs (or lows) respecting the lower ...
      • Fibonacci Extensions
        Project Fibonacci extension levels from a present trend.
      • Fibonacci Retracements
        Project Fibonacci retracement levels from an existing trend.
    •  Indicators
      • Indicator Add/Edit
        Customize indicators to suit your needs. Add new indicators plus Point and Figure charts.
      • Indicators Premium
        Some indicators are only available to Premium Data subscribers or during a free trial.
      • Relative Strength
        The Relative Strength indicator is set up using the Price Comparison indicator. Indicators are saved to your Project ...
      • Indicator Smoothing
        Smooth indicator lines with an exponential moving average.
      • Indicator Colors
        Use the Legend to amend indicator colors on a chart. Click the color button alongside the indicator title.
      • Indicator Show/Hide
        Use the Legend function to temporarily hide an indicator or the price bars
      • Sector Analysis
        From Stan Weinstein's Secrets for Profiting in Bull and Bear Markets - a breakout model for trading stocks and shares in a longer time frame ...
      • Indicator Display
        Formats to display or hide indicators below the price chart.
    •  Chart Views
      • Chart Views
        Chart types, log and normal scale, legends, crosshairs, price and time axes, indicator views and screen splits.
      • Indicator Display
        Formats to display or hide indicators below the price chart.
      • Crosshairs
        Use cross-hairs to line up bars on a chart, or to check dates or price levels.
      • Log & Normal Scale
        Use log scale to view charts with large price variations, normal scale for shorter-term charts.
      • Price & Time Scales
        Adjust scales for the price and time axes
      • Legend
        Display the chart legend, show/hide indicators and edit their colors.
    •  Projects
      • Project Tabs
        Recently used project files are displayed as tabs below the price chart (and indicators), above the bottom price bar. Click on a tab, for example [Relative Strength], to display the project ...
      • Projects Add
        Create new project files for your separate trading systems. Save all customized chart and indicator settings.
      • Project Customize
        Set a project to open with a custom security, time period, chart interval, chart type and log/normal scale.
      • Projects Explained
        A project contains a set of indicators, trendlines, captions and default settings. A project does not contain data relating to specific securities. All data is stored in a ...
    •  Data
      • Data Update Times
        20-minute delayed ASX and SGX updates, and 15-minute delayed LSE, TSX, NYSE, NASDAQ and AMEX updates.
      • Dilution Adjustments
        Stocks may be adjusted for the dilution effect of share splits, special dividends, rights issues, spin-offs and reconstructions. Here are some examples ...
      • Data Compatibility
        Incredible Charts fetches packets of data from the server as you chart each stock - eliminating the need for daily data downloads. The data format is not compatible with other charting software.
      • Data from Yahoo
        Import data from external websites such as Yahoo.
      • Data Import
        Import data from files on your computer - in descending date order.
      • Time Zones
        Advice on converting times in different countries.
    •  Format Charts
      • Format Charts
        Customize indicator colors, chart gridlines and background colors to suit your needs.
      • Chart Views
        Chart types, log and normal scale, legends, crosshairs, price and time axes, indicator views and screen splits.
      • Candlestick & OHLC Colors
        Candlesticks are colored according to opening and closing price, OHLC by comparing closing price to the previous close.
      • Indicator Colors
        Use the Legend to amend indicator colors on a chart. Click the color button alongside the indicator title.
      • Chart Construction Details
        This page explains some of the issues surrounding actual construction of the charts ...
    •  Files & Backup
      • Backup
        It is advisable to backup your watchlists and project files on a regular basis.
      • Undo/Redo
        Easily undo or redo recent changes.
      • Import/Export Files
        Transfer or back up your project files (indicators, trendlines and captions) and watchlists ...
    •  Installing
      • Install Incredible Charts
        When you have downloaded Incredible Charts, follow these steps to install the program.
      • Uninstall
        To uninstall, open Uninstall.exe in the Incredible Charts folder
      • Live Updates
        Incredible Charts automatically updates when when there is a new version available on the server.
      • Mac Users
        There is no special Mac version but some users successfully run Incredible Charts with Vitual PC.
  • Incredible Charts
    •  About Us
      • Colin Twiggs
        About Colin Twiggs, author of the Trading Diary and Incredible Charts website.
      • Incredible Charts
        Incredible Charts was started by two brothers: Robin Twiggs, a Pascal/Delphi programmer; and Colin Twiggs, a chartered accountant with a background in investment banking.
      • Contact Us
        FAQs, Technical Support, Premium Members Support, Telephone & Fax Numbers.
    •  Incredible Charting Software
      • Incredible Offer
        IncredibleCharts stock charting software, online data feed, plus Daily Trading Diary updates -- all for only $12 (USD) per month.
      • 7 Good Reasons
        Free stock charting software, online data and online support ! Charting power, exciting new features, ease of use, flexibility and time saving.
      • Quick Tour (pdf)
        One-minute tour of Incredible Charts charting software and stock screener.
      • Download Incredible Charts
        Free Stock Charting Software. Powerful stock screens. Online data for NYSE, NASDAQ, AMEX, OTCBB, OTC Markets, LSE, ASX, World Indices, Forex and Precious Metals
      • Download Latest Beta Version
        Download latest beta version of Incredible Charts software.
      • Free Charting
        Incredible Charts free charting software and free data for students and weekend browsers.
      • Free Resources
        Free charting software, delayed data, trading education, trading newsletters and traders forum. Free charting software, delayed data, trading education, trading newsletters and traders forum.
      • Free Stock Charts
        Incredible Charts offers free stock charts to students and other subscribers who are not actively trading. Data updates are delayed until after midnight. Subscribers can also access free Yahoo data for a wide range of markets.
    •  Terms of Use
      • Terms of Use
        THIS IS A LEGAL AGREEMENT BETWEEN YOU AND VIZHON CORPORATION. PLEASE READ THIS CAREFULLY.
      • Market Data Suppliers Terms
        Market data suppliers terms are incorporated into the license agreement.
      • Privacy Policy
        Vizhon Corporation and its affiliates are committed to maintaining the privacy of personal information that you provide when using the website.
      • Refund Policy
        Please make use of the 30-day free trial before you subscribe to Incredible Charts Premium Service. Thereafter, refunds will be made at the discretion of management of Vizhon Corporation.
    •  Useful Links
      • Useful Links
        Colin's Useful Links. The following websites may prove useful ...
      • Traders Store
        The ten trading books that have had the greatest influence on my trading style plus many more books of interest.
  • Indicator Guide
    •  Indicator Basics
      • Using Indicators
        When using indicators, it pays to understand their strengths and weaknesses.
      • Favorite Indicators
        My favorite indicators.
      • Indicator Signals
        Explains basic indicator and trend concepts: respect, whipsaws, divergence, and failure swings.
      • Indicator Time Frames
        A key principle when using indicators: set the time frame to reflect the cycle being traded...
      • Fibonacci Numbers
        Fibonacci numbers are named after Leonardo Fibonacci, a twelfth century Italian mathematician who discovered the Golden ratio.
      • Linear Regression
        Linear regression fits a straight line to the selected data using a method called the Sum Of Least Squares.
    •  Compare Stocks/Indices
      • Compare Prices
        Compare stock and/or index prices. Overlays can be plotted unadjusted, or to intercept on a selected date.
      • Price Comparison
        Price Comparison plots the performance of a stock against an index or a related stock.
      • Price Differential
        Similar to Price Comaprison, you can compare bond yields or interest rates that share the same price axis.
      • Price Ratio
        A powerful tool for stock selection, Price Ratio is also referred to as Relative Strength and compares the performance of a stock relative to an index or a related stock.
      • Relative Strength (Compare)
        Relative Strength calculates the strength of one stock/index compared to a second stock/index, either with/without a specified intercept date.
    •  Moving Average Types
      • Moving Average
        The Moving Average smooths price data to create a powerful measure of trend direction. Simple, weighted and exponential moving averages are most popular.
      • Simple Moving Average
        Simple moving averages are easy to construct, but prone to distortion: they tend to "bark twice".
      • Exponential Moving Average
        Exponential moving averages are more sophisticated than simple moving averages and do not suffer from the same distortions.
      • Weighted Moving Average
        Weighted moving averages eliminate the distortion common to simple moving averages, but are more difficult to construct than exponential moving averages.
      • Wilder Moving Average
        Wilder moving averages are used mainly in indicators developed by J. Welles Wilder. Essentially the same as an exponential moving average, they use different weightings, for which users need to make allowance.
      • Moving Average Filters
        Filters are employed to reduce the number of whipsaws when using moving average systems.
      • Moving Average High/Low/Open
        Calculates moving averages using daily, weekly or monthly Highs/Lows/Opens.
      • Selecting A Long-Term Moving Average
        How to select a long-term moving average to track the primary trend.
    •  Moving Average Systems
      • Two Moving Averages
        Fast and slow moving averages provide a powerful measure of trend strength and direction.
      • Three Moving Averages
        A more sophisticated MA system that uses a third moving average to identify ranging markets.
      • Multiple Moving Averages
        Daryl Guppy introduced multiple moving averages to measure trends and identify likely reversals. The indicator compares multiple short-term and long-term exponential moving averages.
      • Rainbow 3D Moving Averages
        Ivan Ballin's colorful variation of Daryl Guppy's Multiple Moving Averages.
      • Price Envelope
        Sometimes referred to as Percentage Bands, Price Envelopes are plotted at a set percentage above and below a moving average.
      • Keltner Channels
        Linda Bradford Raschke popularized Keltner bands, plotted at an ATR multiple around an exponential MA, to filter trend entries.
    •  Moving Average Oscillators
      • Commodity Channel Index
        Donald Lambert's Commodity Channel Index (CCI) highlights overbought and oversold markets and likely turning points.
      • Detrended Price Oscillator
        The Detrended Price Oscillator isolates the short cycle, providing powerful trend signals on divergences.
      • MA Oscillator
        The Moving Average Oscillator simply compares closing price to the moving average.
      • MACD
        MACD (Moving Average Convergence Divergence) is a powerful refinement of the two moving averages system, providing reliable signals of trend changes.
      • MACD Histogram
        The MACD Histogram (Moving Average Convergence Divergence Histogram) provides far earlier and more responsive signals than the original MACD, but is also more volatile.
    •  Trend Indicators
      • Aroon Oscillator
        The Aroon Oscillator was developed by Tushar Chande to identify the start of a new trend and measure trend strength.
      • Coppock Indicator
        Edwin Coppock designed this oscillator with one sole purpose: to identify the commencement of bull markets.
      • Directional Movement
        Welles Wilder's Directional Movement is one of few indicators that not only provides trend signals but indicates whether a trend is suitable to trade.
      • Donchian Channels
        Richard Donchian's Channels are used in a number of trading systems to identify entry and exit points in trends.
      • KST Indicator
        Martin Pring's KST Indicator identifies major trend changes when KST crosses its signal line.
      • Linear Regression Indicator
        The Linear Regression Indicator is used for trend identification and trend following in a similar fashion to moving averages, but reacts faster than an MA to trend changes.
      • Moving Average
        The Moving Average smooths price data to create a powerful measure of trend direction. Simple, weighted and exponential moving averages are most popular.
      • Multiple Moving Averages
        Daryl Guppy introduced multiple moving averages to measure trends and identify likely reversals. The indicator compares multiple short-term and long-term exponential moving averages.
      • Parabolic SAR
        Developed by J. Welles Wilder, the Parabolic SAR indicator provides excellent short/medium-term entry and exit points in trending markets.
      • Rainbow 3D Moving Averages
        Ivan Ballin's colorful variation of Daryl Guppy's Multiple Moving Averages.
    •  Momentum Oscillators
      • ADX
        ADX is part of the Directional Movement System developed by J. Welles Wilder. It is used to warn of trend changes and to identify whether a stock is trending or ranging.
      • Bollinger %b
        Bollinger %b identifies suitable entry and exit points in a trend, while Band Width highlights when bands converge into a narrow neck, preceding a breakout.
      • Elder Ray Index
        Developed by Dr Alexander Elder, the Elder-Ray indicator measures buying and selling pressure in the market and is often used as part of the Triple Screen trading system.
      • Mass Index
        Donald Dorsey's Mass Index predicts trend reversals by comparing trading range over a 9 day period.
      • Momentum
        Momentum measures trend strength and identifies likely reversal points: on divergences or when Momentum crosses the overbought/oversold line.
      • Negative Volume
        Norman Fosback uses Negative Volume Index (NVI) with Positive Volume Index (PVI) to identify bull markets.
      • Positive Volume
        Introduced by Norman Fosback, Positive Volume Index identifies bull and bear markets by measuring activity on days when volume is higher.
      • Rate Of Change (Price)
        A refinement of Momentum, Rate of Change is designed to fluctuate as a percentage around the zero line.
      • Relative Strength Index (RSI)
        Developed by Welles Wilder, RSI (Relative Strength Index) is a popular momentum oscillator that compares upward and downward movements in closing price.
      • Slow Stochastic
        The Slow Stochastic Oscillator provides more reliable signals than the original indicator, applying further smoothing to reduce volatility and improve accuracy.
      • Smoothed Rate of Change (SROC)
        Smoothed Rate of Change (SROC), introduced by Fred G Schutzman in 1991, gives slower but more accurate signals than other momentum oscillators.
      • Stochastic Oscillator
        The Stochastic Oscillator tracks market momentum and provides excellent entry and exit signals from crossover of %K and %D lines or overbought/oversold levels.
      • TRIX Indicator
        Designed for trading trends, TRIX uses a triple-smoothed moving average to eliminate cycles shorter than the indicator period.
      • Twiggs Momentum Oscillator
        Twiggs Momentum Oscillator is a smoothed version of the Rate Of Change oscillator. Its primary purpose is to identify fast trending stocks.
      • Vertical Horizontal Filter (VHF)
        Adam White's Vertical Horizontal Filter (VHF) identifies trending and ranging markets.
      • Williams %R
        Williams %R is similar to Stochastic %K. Entry signals are taken on divergences, failure swings or crossover of the overbought/oversold level.
      • Williams Accumulate Distribute
        Larry Williams highlights accumulation and distribution by comparing daily trading ranges. Signals are taken on divergences.
    •  Money Flow
      • Accumulation Distribution
        Accumulation Distribution tracks the relationship between price and volume and acts as a leading indicator of price movements. The strongest signals are divergences.
      • Chaikin Money Flow
        Developed by Marc Chaikin, the Chaikin Money Flow indicator often warns of breakouts and provides useful trend confirmation.
      • Chaikin Oscillator
        Marc Chaikin's oscillator monitors the flow of money in and out of the market.
      • Ease of Movement
        Richard W Arms' powerful Ease of Movement indicator highlights the relationship between volume and price changes; useful for assessing the strength of a trend.
      • Equivolume Charts
        The greatest advance in the last decade, equivolume exposes price and volume interaction.
      • Force Index
        Developed by Dr Alexander Elder, the Force index combines price movements and volume to measure the strength of bulls and bears in the market.
      • Money Flow Index
        Money Flow Index measures trend strength and warns of likely reversal points.
      • On Balance Volume
        Developed by Joseph Granville, OBV provides a powerful measure of accumulation and distribution by comparing volume to price movements.
      • Price Volume Trend
        The Price Volume Trend indicator measures the strength of trends and warns of reversals.
      • Twiggs Money Flow
        Colin Twiggs' Money Flow is a derivation of the Chaikin Money Flow indicator. Position above/below the zero line gives advance indication of breakouts, while divergences warn of reversals.
      • Williams Accumulation Distribution
        Williams Accumulation Distribution is traded on divergences. When price makes a new high and the indicator fails to exceed its previous high, distribution is taking place.
    •  Volume Indicators
      • Volume
        Volume highlights unusual trading activity and provide powerful confirmation of price signals.
      • Rate of Change (Volume)
        The Rate of Change formula can also be applied to volume, where it highlights changes in volume activity.
      • Volume Oscillator
        Volume Oscillator is an easy to use indicator that highlights changes in volume activity.
    •  Trailing Stops
      • ATR Bands
        Average True Range (ATR) Bands are used to signal exits in a similar fashion to ATR Trailing stops, but without the stop-and-reverse (SAR) of trailing stops.
      • ATR Trailing Stops
        Average True Range (ATR) Trailing Stops are used to trigger exits and lock in trading profits.
      • Chandelier Exits
        Chuck LeBeau's Chandelier Exits are primarily used as a stop loss mechanism to time exits from a trending market.
      • Parabolic SAR
        Developed by J. Welles Wilder, the Parabolic SAR indicator provides excellent short/medium-term entry and exit points in trending markets.
      • Percentage Trailing Stops
        Percentage Trailing Stops are a simple but effective method for locking in profits
      • Safezone Indicator
        Alexander Elder's Safezone Stops use Directional Movement to signal exits from a trend.
      • Volatility Stops
        Welles Wilder's original Volatility Stops uses Average True Range in a trend-following system.
    •  Volatility Indicators
      • Average True Range
        Average True Range are used to measure commitment. Expanding ranges signal increased eagerness and contracting ranges, a loss of enthusiasm.
      • Bollinger Bands
        Bollinger Bands are used to confirm trading signals from momentum or trend indicators. Bands widen when prices are volatile and contract when they consolidate.
      • Chaikin Volatility
        Developed by Marc Chaikin. Look for sharp increases in volatility prior to market tops and bottoms, followed by low volatility as the market loses interest.
      • True Range
        Welles Wilder's True Range adjusts the normal High - Low daily range when there is an opening gap.
      • Volatility
        Volatility is a statistical measure of risk called the coefficient of variation.
      • Volatility Ratio
        Jack Schwager, in his book Schwager on Futures, uses the Volatility Ratio to identify wide-ranging days.
  • Indicators A ~ Z
    •  A ~ C
      • Accumulation Distribution
        Accumulation Distribution tracks the relationship between price and volume and acts as a leading indicator of price movements. The strongest signals are divergences.
      • ADX
        ADX is part of the Directional Movement System developed by J. Welles Wilder. It is used to warn of trend changes and to identify whether a stock is trending or ranging.
      • Aroon Oscillator
        The Aroon Oscillator was developed by Tushar Chande to identify the start of a new trend and measure trend strength.
      • ATR Bands
        Average True Range (ATR) Bands are used to signal exits in a similar fashion to ATR Trailing stops, but without the stop-and-reverse (SAR) of trailing stops.
      • ATR Trailing Stops
        Average True Range (ATR) Trailing Stops are used to trigger exits and lock in trading profits.
      • Average True Range
        Average True Range are used to measure commitment. Expanding ranges signal increased eagerness and contracting ranges, a loss of enthusiasm.
      • Bollinger %b
        Bollinger %b identifies suitable entry and exit points in a trend, while Band Width highlights when bands converge into a narrow neck, preceding a breakout.
      • Bollinger Bands
        Bollinger Bands are used to confirm trading signals from momentum or trend indicators. Bands widen when prices are volatile and contract when they consolidate.
      • Candlestick Charts
        Candlestick chart patterns are able to highlight trend weakness and reversal signals that may not be apparent on a normal bar chart.
      • Chaikin Money Flow
        Developed by Marc Chaikin, the Chaikin Money Flow indicator often warns of breakouts and provides useful trend confirmation.
      • Chaikin Oscillator
        Marc Chaikin's oscillator monitors the flow of money in and out of the market.
      • Chaikin Volatility
        Developed by Marc Chaikin. Look for sharp increases in volatility prior to market tops and bottoms, followed by low volatility as the market loses interest.
      • Chandelier Exits
        Chuck LeBeau's Chandelier Exits are primarily used as a stop loss mechanism to time exits from a trending market.
      • Commodity Channel Index
        Donald Lambert's Commodity Channel Index (CCI) highlights overbought and oversold markets and likely turning points.
      • Compare Prices
        Compare stock and/or index prices. Overlays can be plotted unadjusted, or to intercept on a selected date.
      • Coppock Indicator
        Edwin Coppock designed this oscillator with one sole purpose: to identify the commencement of bull markets.
    •  D ~ L
      • Detrended Price Oscillator
        The Detrended Price Oscillator isolates the short cycle, providing powerful trend signals on divergences.
      • Directional Movement
        Welles Wilder's Directional Movement is one of few indicators that not only provides trend signals but indicates whether a trend is suitable to trade.
      • Donchian Channels
        Richard Donchian's Channels are used in a number of trading systems to identify entry and exit points in trends.
      • Ease of Movement
        Richard W Arms' powerful Ease of Movement indicator highlights the relationship between volume and price changes; useful for assessing the strength of a trend.
      • Elder Ray Index
        Developed by Dr Alexander Elder, the Elder-Ray indicator measures buying and selling pressure in the market and is often used as part of the Triple Screen trading system.
      • Equivolume Charts
        The greatest advance in the last decade, equivolume exposes price and volume interaction.
      • Exponential Moving Average
        Exponential moving averages are more sophisticated than simple moving averages and do not suffer from the same distortions.
      • Fibonacci Extensions
        Project Fibonacci extension levels from a present trend.
      • Fibonacci Retracements
        Project Fibonacci retracement levels from an existing trend.
      • Force Index
        Developed by Dr Alexander Elder, the Force index combines price movements and volume to measure the strength of bulls and bears in the market.
      • Keltner Channels
        Linda Bradford Raschke popularized Keltner bands, plotted at an ATR multiple around an exponential MA, to filter trend entries.
      • KST Indicator
        Martin Pring's KST Indicator identifies major trend changes when KST crosses its signal line.
      • Linear Regression
        Linear regression fits a straight line to the selected data using a method called the Sum Of Least Squares.
      • Linear Regression Indicator
        The Linear Regression Indicator is used for trend identification and trend following in a similar fashion to moving averages, but reacts faster than an MA to trend changes.
    •  M ~ N
      • MA Oscillator
        The Moving Average Oscillator simply compares closing price to the moving average.
      • MACD
        MACD (Moving Average Convergence Divergence) is a powerful refinement of the two moving averages system, providing reliable signals of trend changes.
      • MACD Histogram
        The MACD Histogram (Moving Average Convergence Divergence Histogram) provides far earlier and more responsive signals than the original MACD, but is also more volatile.
      • Mass Index
        Donald Dorsey's Mass Index predicts trend reversals by comparing trading range over a 9 day period.
      • Median Price
        Median price measures the mid-point of the trading range for each period.
      • Momentum
        Momentum measures trend strength and identifies likely reversal points: on divergences or when Momentum crosses the overbought/oversold line.
      • Money Flow Index
        Money Flow Index measures trend strength and warns of likely reversal points.
      • Moving Average
        The Moving Average smooths price data to create a powerful measure of trend direction. Simple, weighted and exponential moving averages are most popular.
      • Moving Average Filters
        Filters are employed to reduce the number of whipsaws when using moving average systems.
      • Moving Average High/Low/Open
        Calculates moving averages using daily, weekly or monthly Highs/Lows/Opens.
      • Multiple Moving Averages
        Daryl Guppy introduced multiple moving averages to measure trends and identify likely reversals. The indicator compares multiple short-term and long-term exponential moving averages.
      • Negative Volume
        Norman Fosback uses Negative Volume Index (NVI) with Positive Volume Index (PVI) to identify bull markets.
    •  O ~ P
      • On Balance Volume
        Developed by Joseph Granville, OBV provides a powerful measure of accumulation and distribution by comparing volume to price movements.
      • Parabolic SAR
        Developed by J. Welles Wilder, the Parabolic SAR indicator provides excellent short/medium-term entry and exit points in trending markets.
      • Percentage Trailing Stops
        Percentage Trailing Stops are a simple but effective method for locking in profits
      • Positive Volume
        Introduced by Norman Fosback, Positive Volume Index identifies bull and bear markets by measuring activity on days when volume is higher.
      • Price Comparison
        Price Comparison plots the performance of a stock against an index or a related stock.
      • Price Differential
        Similar to Price Comaprison, you can compare bond yields or interest rates that share the same price axis.
      • Price Envelope
        Sometimes referred to as Percentage Bands, Price Envelopes are plotted at a set percentage above and below a moving average.
      • Price Ratio
        A powerful tool for stock selection, Price Ratio is also referred to as Relative Strength and compares the performance of a stock relative to an index or a related stock.
      • Price Volume Trend
        The Price Volume Trend indicator measures the strength of trends and warns of reversals.
    •  Q ~ U
      • Rainbow 3D Moving Averages
        Ivan Ballin's colorful variation of Daryl Guppy's Multiple Moving Averages.
      • Rate Of Change (Price)
        A refinement of Momentum, Rate of Change is designed to fluctuate as a percentage around the zero line.
      • Rate of Change (Volume)
        The Rate of Change formula can also be applied to volume, where it highlights changes in volume activity.
      • Relative Strength (Compare)
        Relative Strength calculates the strength of one stock/index compared to a second stock/index, either with/without a specified intercept date.
      • Relative Strength Index (RSI)
        Developed by Welles Wilder, RSI (Relative Strength Index) is a popular momentum oscillator that compares upward and downward movements in closing price.
      • Safezone Indicator
        Alexander Elder's Safezone Stops use Directional Movement to signal exits from a trend.
      • Simple Moving Average
        Simple moving averages are easy to construct, but prone to distortion: they tend to "bark twice".
      • Slow Stochastic
        The Slow Stochastic Oscillator provides more reliable signals than the original indicator, applying further smoothing to reduce volatility and improve accuracy.
      • Smoothed Rate of Change (SROC)
        Smoothed Rate of Change (SROC), introduced by Fred G Schutzman in 1991, gives slower but more accurate signals than other momentum oscillators.
      • Standard Deviation Channels
        Standard deviation channels, plotted at a set number of standard deviations around a linear regression line, provide useful entry and exit signals for trading trends.
      • Stochastic Oscillator
        The Stochastic Oscillator tracks market momentum and provides excellent entry and exit signals from crossover of %K and %D lines or overbought/oversold levels.
      • Trend Lines
        The trend line is a powerful momentum indicator, alerting you to any acceleration or deceleration of the trend.
      • TRIX Indicator
        Designed for trading trends, TRIX uses a triple-smoothed moving average to eliminate cycles shorter than the indicator period.
      • True Range
        Welles Wilder's True Range adjusts the normal High - Low daily range when there is an opening gap.
      • Twiggs Momentum Oscillator
        Twiggs Momentum Oscillator is a smoothed version of the Rate Of Change oscillator. Its primary purpose is to identify fast trending stocks.
      • Twiggs Money Flow
        Colin Twiggs' Money Flow is a derivation of the Chaikin Money Flow indicator. Position above/below the zero line gives advance indication of breakouts, while divergences warn of reversals.
      • Typical Price
        Typical price, calculated as (High Low Close) / 3, is a useful filter for moving average systems.
    •  V ~ Z
      • Vertical Horizontal Filter (VHF)
        Adam White's Vertical Horizontal Filter (VHF) identifies trending and ranging markets.
      • Volatility
        Volatility is a statistical measure of risk called the coefficient of variation.
      • Volatility Ratio
        Jack Schwager, in his book Schwager on Futures, uses the Volatility Ratio to identify wide-ranging days.
      • Volatility Stops
        Welles Wilder's original Volatility Stops uses Average True Range in a trend-following system.
      • Volume
        Volume highlights unusual trading activity and provide powerful confirmation of price signals.
      • Volume Oscillator
        Volume Oscillator is an easy to use indicator that highlights changes in volume activity.
      • Weighted Close
        Weighted Close, calculated as (High Low Close * 2 ) / 4, is a simple but effective filter for moving average systems.
      • Weighted Moving Average
        Weighted moving averages eliminate the distortion common to simple moving averages, but are more difficult to construct than exponential moving averages.
      • Wilder Moving Average
        Wilder moving averages are used mainly in indicators developed by J. Welles Wilder. Essentially the same as an exponential moving average, they use different weightings, for which users need to make allowance.
      • Williams %R
        Williams %R is similar to Stochastic %K. Entry signals are taken on divergences, failure swings or crossover of the overbought/oversold level.
      • Williams Accumulate Distribute
        Larry Williams highlights accumulation and distribution by comparing daily trading ranges. Signals are taken on divergences.
      • Williams Accumulation Distribution
        Williams Accumulation Distribution is traded on divergences. When price makes a new high and the indicator fails to exceed its previous high, distribution is taking place.
  • Investing
    •  Investing
      • Active Investing
        Active investors combine fundamental and technical analysis, moving in and out of the market in accordance with the phases of the business cycle.
      • Fundamental Analysis
        What is Fundamental Analysis? Fundamental analysis attempts to determine the present value of a stock based on its expected future cash flows.
      • Value Investing
        The critical questions in value investing are: At what rate will earnings (and dividends) grow over the investment period? What is the (investments) risk? Can management be trusted...
      • PEG Ratio
        The PEG ratio is a powerful formula which compares earnings growth and the Price Earnings Ratio: Divide the current Price Earnings Ratio by the expected long-term growth rate (in earnings per share) ...
      • Focus on Dividends
        How to calculate the value of future cash flows to you and assess your margin of safety.
      • Dividend Value Calculator
        Use projected dividends to calculate the margin of safety (popularized by Warren Buffett and Benjamin Graham) for an investment.
    •  SMSF and Tax
      • SMSF Borrowing
        Self-managed super funds are once again able to borrow to finance the purchase of assets, but there are a number of potential pitfalls.
  • Moving Averages
    •  Moving Average Types
      • Moving Average
        The Moving Average smooths price data to create a powerful measure of trend direction. Simple, weighted and exponential moving averages are most popular.
      • Simple Moving Average
        Simple moving averages are easy to construct, but prone to distortion: they tend to "bark twice".
      • Exponential Moving Average
        Exponential moving averages are more sophisticated than simple moving averages and do not suffer from the same distortions.
      • Weighted Moving Average
        Weighted moving averages eliminate the distortion common to simple moving averages, but are more difficult to construct than exponential moving averages.
      • Wilder Moving Average
        Wilder moving averages are used mainly in indicators developed by J. Welles Wilder. Essentially the same as an exponential moving average, they use different weightings, for which users need to make allowance.
      • Moving Average Filters
        Filters are employed to reduce the number of whipsaws when using moving average systems.
      • Moving Average High/Low/Open
        Calculates moving averages using daily, weekly or monthly Highs/Lows/Opens.
      • Selecting A Long-Term Moving Average
        How to select a long-term moving average to track the primary trend.
    •  Moving Average Systems
      • Two Moving Averages
        Fast and slow moving averages provide a powerful measure of trend strength and direction.
      • Three Moving Averages
        A more sophisticated MA system that uses a third moving average to identify ranging markets.
      • Multiple Moving Averages
        Daryl Guppy introduced multiple moving averages to measure trends and identify likely reversals. The indicator compares multiple short-term and long-term exponential moving averages.
      • Rainbow 3D Moving Averages
        Ivan Ballin's colorful variation of Daryl Guppy's Multiple Moving Averages.
      • Price Envelope
        Sometimes referred to as Percentage Bands, Price Envelopes are plotted at a set percentage above and below a moving average.
      • Keltner Channels
        Linda Bradford Raschke popularized Keltner bands, plotted at an ATR multiple around an exponential MA, to filter trend entries.
    •  MACD
      • MACD
        MACD (Moving Average Convergence Divergence) is a powerful refinement of the two moving averages system, providing reliable signals of trend changes.
      • MACD Histogram
        The MACD Histogram (Moving Average Convergence Divergence Histogram) provides far earlier and more responsive signals than the original MACD, but is also more volatile.
      • Weekly MACD Histogram
        The MACD Histogram (Moving Average Convergence Divergence Histogram) provides a highly responsive measure of market direction but is more suited to traders than investors.
  • Point & Figure
    •  Point & Figure
      • Point & Figure Charts
        Point and Figure charts are used to identify support levels, resistance and chart patterns. Point and Figure ignores the time factor and concentrate solely on movements in price.
      • Point & Figure Charting Guide
        Suitable Point & Figure settings: log or normal scale; box size and reversal amounts; and pricing method.
      • Point & Figure Setup
        Create custom Point and Figure chart s from the Indicator Panel.
    •  Point & Figure Patterns
      • Basic Point & Figure Patterns
        Basic Point and Figure chart patterns: Support and resistance, trendlines, breakouts, bullish and bearish signals.
      • Bull & Bear Traps
        One of the most reliable Point and Figure chart patterns, Bull Traps occur when an upward breakout retreats back below the new support level.
      • Cup & Handle
        Identify the cup and handle pattern on Point and Figure charts. Popularized by William J O'Neill (How To Make Money In Stocks).
      • False Breaks
        Similar to Point and Figure bull and bear traps, false (or marginal) breaks occur at minor support levels (from a previous low) or minor resistance.
      • Retracements
        Retracements (or corrections), during a Point and Figure trend, tell us about the strength of the trend.
      • Spikes
        An upward Point and Figure spike is where a rally exceeds the previous column of Xs by at least 10 boxes.
      • Trend Reversals
        After a Point and Figure up-trend, marginal new highs (especially where accompanied by equal or lower lows) indicate a loss of momentum.
      • Triangles
        For a valid Point and Figure triangle there must be at least two retracements counter to the prevailing trend.
  • Stock Screener
    •  Screening For Patterns
      • Breakouts from a Base
        To find stocks that are breaking out from a long-term base, we need to screen for stocks that are trending up but ...
      • Consolidations
        To find stocks that are consolidating within a narrow range, we apply the following filter: Directional Movement ADX Value Filter; Minimum 2; Maximum 10 ...
      • Screening for Trends
        To find stocks that are trending, we apply one/both of the following filters: Moving Average Crossovers Bull Signal; Closing Price > 100-Day MA...
      • Exhaustion Gaps
        To find exhaustion gaps, we need to apply two filters: (1) Gaps; and (2) A filter to identify extended trends.
    •  Price Filters
      • Price Filter
        The price filter can be used to filter out stocks above or below selected limits. The Minimum and Maximum fields are measured in cents.
      • % Price Move
        Percentage Price Move can be used to filter stocks that have increased/decreased by more than a specified percentage.
      • % Of Price High
        Percentage Of Price High compares the current closing price to the previous high.
    •  Stock Screen Filters
      • Bollinger Bands
        Bollinger Band filters are calculated using exponential moving averages. Values are compared to Bollinger Bands at 1.0 standard deviation above and below the selected moving average.
      • Directional Movement
        When DI crosses above DI-, this signals an up-trend. When DI- crosses to above DI , this signals a down-trend.
      • Gaps
        Gaps occur when the lowest price traded is above the high of the previous day.
      • Moving Average
        Moving Average Crossovers are calculated using exponential moving averages. See Two Moving Averages for further details.
      • MACD Stock Screen
        MACD Bull Signals when MACD crosses to above the signal line....
      • Relative Strength Index (RSI)
        Relative Strength Index is calculated using the Wilder moving average formula.
      • Slow Stochastic
        Slow Stochastic crossovers are calculated using %K from the Slow Stochastic formula. This is equal to %D from the fast Stochastic.
      • Volatility
        Volatility is used to filter out stocks above or below specified levels of risk: The Minimum and Maximum fields are measured as percentages.
      • Volatility Ratio
        The Volatility Ratio identifies days with exceptionally wide trading ranges (the distance between High and Low) and is used to signal likely reversal days. Details ...
      • Volume Filter
        The volume filter is used to filter out stocks which show insufficient activity (ie. stocks with low liquidity): The Minimum field represents volume (in number of ...
      • Volume MA
        Volume Moving Average crossovers are calculated using exponential moving averages. See Volume Oscillator for further details.
      • Volume Spikes
        Volume spikes are days on which there is unusually high volume activity, measured by comparing daily volume to a 50-day exponential moving average (of volume).
  • Support
    •  Contact Us
      • Technical Support
        Contact Incredible Charts Technical Support
      • General
        Contact Incredible Charts - General issues including advertising, copyright, complaints or suggestions.
  • Technical Analysis
    •  Trend Analysis
      • MA Systems
        Crossovers of fast and slow moving averages are particularly useful for identifying trends and make an effective trading system when combined with stop losses.
      • Directional Movement - Trends
        An often-discussed system for tracking trends is the Directional Movement System set for weekly, rather than daily, directional movement. We compare performance to Stan Weinstein's breakout model.
      • Short-Term Trends
        Never trade against the trend - a fundamental principle in technical analysis. That's easy enough to follow, but how do you determine the trend?
      • Trend Strength
        Three main indicators of the strength of a trend.
      • Trend Lines
        The trend line is a powerful momentum indicator, alerting you to any acceleration or deceleration of the trend.
      • Forex Trend Channels
        Trend channels are one of the best available tools for identifying changes in trend momentum.
      • Standard Deviation Channels
        Standard deviation channels, plotted at a set number of standard deviations around a linear regression line, provide useful entry and exit signals for trading trends.
    •  Trading Styles
      • Breakout Model
        Stan Weinstein's powerful system for trading long-term trends: the model combines a number of proven techniques to identify breakouts.
      • Trading Trends
        If you are going to trade trends, no matter what the time frame, you are likely to encounter three major problems: false starts, early shakeouts and ...
      • Blind Freddy Trends
        A swing trading technique using moving averages and short-term chart patterns.
      • Momentum Trading
        In its simplest terms, momentum refers to buying stocks which exhibit past over-performance. Eugene Fama, the father of the efficient market hypothesis, refers to momentum as "the premier unexplained anomaly".
      • Momentum Trading II
        Dr Bruce Vanstone shows how to create Momentum simulations using the ASX 200 as an example
      • Momentum Trading III
        Dr Bruce Vanstone summarizes the key characteristics of investing using momentum based approaches and discusses some approaches to managing risk in momentum models and the benefits investors can expect when investing with rules-based funds.
    •  Stock Market Cycles
      • Reading The Stock Market
        The behavior of the market is the most powerful influence on the performance of every stock.
      • Cycles
        The change in prices on any day is influenced by a number of cycles in different time frames...
      • Coppock Indicator
        Edwin Coppock designed this oscillator with one sole purpose: to identify the commencement of bull markets.
      • Bullish Percent Index
        Developed by Chartcraft, the index combines bull signals from individual stocks to identify market trends.
      • Market Tops & Bottoms
        William J. O'Neill identifies these signals in 24 Essential Lessons for Investment Success.
      • Interest Rates and the Economy
        Interest rates have a big influence on stock markets because of three factors.
    •  Chart Types
      • Chart Types
        Each chart type reveals different facets of the relationship between price, trading range and volume.
      • Candlestick Charts
        Candlesticks contain the same data as a normal bar chart but highlight the relationship between opening and closing prices.
      • Bar/OHLC Charts
        How to identify trends, control, commitment, uncertainty, inside and outside days.
      • Equivolume Charts
        The greatest advance in the last decade, equivolume exposes price and volume interaction.
      • Point & Figure Charts
        Point and Figure charts are used to identify support levels, resistance and chart patterns. Point and Figure ignores the time factor and concentrate solely on movements in price.
  • Trading
    •  Stock Trading
      • Trading Stocks
        Stock trading, or speculation as it used to be called, is the buying or selling of stocks to profit from a change in prices.
    •  Money Management
      • The 2% Rule
        Restrict the size of your initial position so that your capital is protected if you suffer a string of losses.
    •  Stop Loss Research
      • Stop Loss - Help or Hindrance? Part 1
        The argument for the use of stop-loss rules seems inherently sound, yet there appears to be no real evidence that stops are providing the safety benefits that many traders expect.
      • Stop Loss - Help or Hindrance? Part 2
        The argument for the use of stop-loss rules seems inherently sound, yet there appears to be no real evidence that stops are providing the safety benefits that many traders expect.
      • Stop Loss - Help or Hindrance? Part 3
        The argument for the use of stop-loss rules seems inherently sound, yet there appears to be no real evidence that stops are providing the safety benefits that many traders expect.
    •  Trading Traps
      • Trading Traps: The Shakeout
        Tricks of the Trade: A market professional may want to accumulate a large position in a stock that is trending strongly...
      • The Fakeout
        Tricks of the Trade: If a market professional sits with a large sell order and the stock is consolidating....
      • Pump and Dump
        Tricks of the Trade: Also referred to as ramping, this is an old trick often perpetrated by sly old hands who prey on newcomers.
      • Bull & Bear Traps
        One of the most reliable Point and Figure chart patterns, Bull Traps occur when an upward breakout retreats back below the new support level.
    •  Trading Psychology
      • Trading Psychology
        Your biggest enemy, when trading, is within yourself. Success will only come when you learn to control your emotions.
      • Know Your Trading Style
        What personality style are you? And how does this suit becoming a trader?
      • Searching for the Holy Grail
        Most traders are on the lookout for ways to improve their trading, but some dedicate their lives to searching for the holy grail.
      • Trading With Emotions
        Before you can manage your emotions it helps to understand what causes them. Our brains and endocrine system are a veritable narcotics factory...
      • Investors Logic
        Investors often use distorted logic when buying stocks: what goes up must come down? Stocks that rise steeply in price and make new highs are viewed as expensive ...
      • Gamblers Logic
        If I toss a coin and heads turns up five times in a row. Which side is more likely to turn up the next time? Heads or tails?
    •  Trading Education
      • Finding the Right Trading Course
        Finding the Right Trading Course (and avoiding the obvious pitfalls): If you had to enrol on a one-week trading course, you may learn some good basic trading skills.
      • Becoming an Expert Trader
        Becoming an Expert Trader (and the value of trading courses): It may take 3 to 5 years to become a good trader. Becoming an expert could take even longer ...
    •  Trading Basics
      • Trading Basics
        The secret of successful trading: adjust your trading system to prevailing market conditions...
      • Market Leaders
        Market leaders deliver superior returns compared to laggards, offering more consistent growth...
      • Market Direction
        The market exerts a powerful influence on the performance of individual stocks. Study the big picture first before looking at any shares in isolation.
      • Trend Direction
        The key to successful trend trading.
      • Entry Signals
        Perfect timing: use momentum oscillators to signal entry points in the trend.
      • Stop Loss Protection
        Stop-loss orders are a critical element in any trading system, to protect your capital and to lock in profits.
      • Exit Signals
        Increase profits: use trend indicators to time your exit from trends. Adjust the Indicator Time Frame to suit the cycle being traded.
  • Trading Diary
    •  Long-Term Patterns
      • Chart Patterns
        Chart Patterns are formed by support and resistance levels and by trend lines.
      • Cup and Handle
        The cup and handle is a longer term continuation pattern, similar to an ascending triangle.
      • Double Tops
        Double tops are useful reversal patterns in an up-trend, identified by two peaks of similar height, followed by a break below the intervening trough.
      • Head & Shoulders
        A powerful reversal signal, the head and shoulders pattern is completed by a lower peak followed by a break below the neckline.
      • Support/Resistance
        Support and resistance are the foundation stone of all technical analysis.
      • Trading Ranges
        Trading Ranges are formed by support and resistance lines in close proximity. Price fluctuates in a narrow band with no clear trend.
      • Triangles & Wedges
        Triangles and wedges can be powerful continuation or reversal patterns, depending on their shape.
      • Triple Tops
        Triple tops are similar to double tops and comprise three peaks of similar height.
    •  Short-Term Patterns
      • Short-Term Support & Resistance
        Support, resistance and trading ranges.
      • Flags & Pennants
        Flags and pennants are short-term congestion patterns that form in trends and are reliable continuation signals.
      • Rectangles
        Rectangles are narrow consolidations in a trend.
      • Rectangle Signals
        Rectangles are of the most reliable chart patterns when they appear in close proximity to support or resistance during an up-trend.
      • Volume Patterns
        Volume activity provides powerful confirmation of price signals and often gives advance warning.
      • Trading Candlesticks
        To improve Candlesticks accuracy, combine with Volatility, Volume, Support/Resistance and Trendlines.
    •  Daily Patterns
      • Bar/OHLC Charts
        How to identify trends, control, commitment, uncertainty, inside and outside days.
      • Candlestick Charts
        Candlestick chart patterns are able to highlight trend weakness and reversal signals that may not be apparent on a normal bar chart.
      • Gaps
        Gaps are often found at breakouts or during a strong trend.
      • Wide Ranging Days
        A powerful signal, especially after big volume changes or a strong trend.
      • Spikes
        A spike is identified by a high sharply above the days on either side, a close near the day's low, and a strong preceding trend.
      • Volume Spikes/Dips
        There are two times where daily volume will highlight unusual trading activity: a spike above the normal range or a dip below normal activity levels.
  • Troubleshooting
    •  Download & Install
      • Automatic Update
        Suggested solutions to difficulties encountered with Incredible Charts live update
      • Downloading Issues
        Helpful sugSuggested solutions to issues encountered with downloading the installer filegestions and solutions to difficulties encountered with downloading IncredibleCharts
      • Installing Issues
        Suggested solutions to issues encountered with installing Incredible Charts
    •  Connection Issues
      • Reinstall
        These steps will fix most firewall and/or file permission issues.
      • Ad-Blockers
        Helpful suggestions and solutions to difficulties encountered with the operation of Incredible Charts
      • Authentication
        Troubleshooting Incredible Charts Authentication ...
      • Connection Timeout
        Connection checklist to solve connection difficulties encountered with the operation of Incredible Charts
      • Default Browser
        Connection difficulties encountered with the operation of Incredible Charts
      • Internet Explorer
        IncredibleCharts uses wininet.dll which is distributed with Internet Explorer ...
      • LAN Settings
        Settings for resolving connection difficulties
      • Proxy Server
        Check your Dial-up and VPN proxy server settings ...
      • Traceroute
        If you cannot connect to our server after running a connection test, please send a traceroute.
      • Trusted Sites
        Open Internet Explorer and go to Tools >> Internet Options >> Security Select Trusted Sites and click the Sites button ...
    •  Firewalls
      • Reinstall
        These steps will fix most firewall and/or file permission issues.
      • AVG
        Settings for resolving connection difficulties
      • Kerio
        Settings for resolving connection difficulties
      • Mcafee
        Settings for resolving connection difficulties
      • Norton IS
        Settings for resolving connection difficulties
      • Other Firewalls
        Settings for resolving connection difficulties
      • PC-cillin
        Settings for resolving connection difficulties
      • Sygate
        Settings for resolving connection difficulties
      • Windows XP
        Settings for resolving connection difficulties
      • Zone Alarm
        Settings for resolving connection difficulties





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