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Candlestick Patterns

Candlestick Patterns

  • Candlestick Patterns
    Candlestick chart patterns are able to highlight trend weakness and reversal signals that may not be apparent on a normal bar chart.
  • Strongest Candlestick Patterns
    Japanese Candlestick Chart Patterns, displayed from strongest to weakest.
  • Candlestick Reversals
    Library of Japanese Candlestick Reversal Patterns, displayed from strongest to weakest, in two columns: Bullish & Bearish Patterns. Reversals are candlestick patterns that tend to resolve in the opposite direction to the prevailing trend.
  • Candlestick Continuations
    Library of Japanese Candlestick Continuation Patterns, displayed from strongest to weakest, in two columns: Bullish & Bearish Patterns. Continuation Patterns are candlestick patterns that tend to resolve in the same direction as the prevailing trend.
  • Candlestick Consolidations
    Consolidation Patterns are typically weak candlestick patterns that have close to an even chance of resolving in either direction.

Daily Patterns

  • Bar/OHLC Charts
    How to identify trends, control, commitment, uncertainty, inside and outside days.
  • 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.

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.

Daily Patterns

  • Bar/OHLC Charts
    How to identify trends, control, commitment, uncertainty, inside and outside days.
  • 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.

Candlestick Patterns

  • Candlestick Patterns
    Candlestick chart patterns are able to highlight trend weakness and reversal signals that may not be apparent on a normal bar chart.
  • Strongest Candlestick Patterns
    Japanese Candlestick Chart Patterns, displayed from strongest to weakest.
  • Candlestick Reversals
    Library of Japanese Candlestick Reversal Patterns, displayed from strongest to weakest, in two columns: Bullish & Bearish Patterns. Reversals are candlestick patterns that tend to resolve in the opposite direction to the prevailing trend.
  • Candlestick Continuations
    Library of Japanese Candlestick Continuation Patterns, displayed from strongest to weakest, in two columns: Bullish & Bearish Patterns. Continuation Patterns are candlestick patterns that tend to resolve in the same direction as the prevailing trend.
  • Candlestick Consolidations
    Consolidation Patterns are typically weak candlestick patterns that have close to an even chance of resolving in either direction.

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.
  • Bull & Bear Traps - Primary Index
    Upward breakouts in a primary down-trend are notoriously unreliable.
  • 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

Incredible Charts

  • About Us
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  • What's New
    Read about the latest developments on Incredible Charts.
  • Contact Us
    FAQs, Technical Support, Premium Members Support, Telephone & Fax Numbers.

Indicators 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
    ATR Trailing Stops are primarily used to protect capital and lock in profits on individual trades but they can also be used, in conjunction with a trend filter, to signal entries.
  • 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 powerful signals. Here are two great strategies, for Bollinger Band Squeezes and Bollinger Band Trends.
  • 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.
  • Chande Momentum Oscillator
    Chande Momentum Oscillator uses Overbought and Oversold levels, as well as Divergences, to identify reversals.
  • Choppiness Index
    The Choppiness Index is a volatility indicator developed by Australian commodity trader Bill Dreiss to indicate whether a market is trending or ranging.
  • Candlestick Patterns
    Candlestick chart patterns are able to highlight trend weakness and reversal signals that may not be apparent on a normal bar chart.
  • Bollinger %b
    Bollinger %b is used to signal subtle entry and exit opportunities that may be overlooked in a trend.
  • Bollinger Band Width
    Bollinger's Bandwidth Indicator is used to warn of changes in volatility. A squeeze, where the bands converge into a narrow neck, often precedes a sharp price rise or fall.

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.
  • Displaced Moving Average
    Displaced Moving Averages are useful for trend-following purposes, reducing the number of whipsaws compared to an equivalent Exponential or Simple Moving Average.
  • 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.
  • Heikin-Ashi Candlesticks
    Heikin Ashi candlesticks filter out market noise from the traditional Japanese candlestick chart and highlight trend and/or consolidation patterns
  • Ichimoku Cloud
    Ichimoku Cloud is a complete trend trading system, combining leading and lagging averages with traditional candlestick charts.
  • 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.
  • Hull Moving Average
    Alan Hull developed Hull Moving Average in 2005 in his quest to create a moving average that is "responsive to current price activity while maintaining curve smoothness". Hull claims that his moving average "almost eliminates lag altogether and manages to improve smoothing at the same time".
  • Inverted Axis
    You can invert the vertical price axis, to descending order, from the View menu.

M ~ N

  • MA Oscillator
    The Moving Average Oscillator simply compares closing price to the moving average.
  • MACD Indicator
    The problem with oscillators is that they often whipsaw. Trading MACD divergences and large swings provides more reliable signals.
  • 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.
  • MACD Percentage
    MACD Percentage Price Oscillator is a variation of theMACD indicator. The major difference is the percentage scale which enables comparison between stocks.

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
  • Pivot Points
    Pivot Points are used for calculating support and resistance for short-term trading.
  • 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.
  • Twiggs Smoothed Momentum
    Twiggs Smoothed Momentum is a smoothed version of the proprietary Twiggs Momentum oscillator. Its purpose is to provide a slower, less erratic signal for following long-term trends.
  • Ultimate Oscillator
    Larry Williams' Ultimate Oscillator uses three time frames in order to minimize false signals.
  • Stochastic RSI
    Stochastic RSI was designed by Tushar Chande and Stanley Kroll to generate more Overbought and Oversold signals than Welles Wilder's original Relative Strength oscillator.
  • Twiggs Volatility
    Twiggs Volatility is a proprietary volatility indicator used to flag elevated market risk.
  • Stochastic RSI
    Stochastic RSI was designed by Tushar Chande and Stanley Kroll to generate more Overbought and Oversold signals than Welles Wilder's original Relative Strength oscillator.

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.

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 ...
  • 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.

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 ...

Free Download

Incredible Charting Software

Mobile Application

  • Mobile Application
    Incredible Charts mobile application will eventually form the backbone of our service, integrated across desktop, smartphone and tablets.
  • Mobile App Features
    Incredible Charts mobile application will integrate the Incredible Charts 10.0 desktop version with tablets and mobile phones
  • Market Sentiment
    Market Sentiment indicator is especially designed for mobile devices, with columns displaying relative performance of buyers against sellers over Daily, Weekly, Monthly, Quarterly and Annual periods.
  • Mobile App Settings
    How to refresh data and/or link devices.

Getting Started

Getting Started

Help Menus

  • FAQ
    Frequently asked questions
  • Help A ~ Z
    Alpahabetical listing of Incredible Charts help menu.
  • Help Manual (pdf)
    A brief overview of how to use Incredible Charts Charting Software.

Trading Diary

  • Trading Diary
    Colin Twiggs' free Trading Diary newsletter
  • Colin Twiggs
    About Colin Twiggs, author of the Trading Diary and Incredible Charts website.
  • My Strategy
    Using Indicators, efficient markets, the economy, making predictions, and a simple formula.
  • Disclaimer
    Please read our Disclaimer.

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 Intervals
    Use the View menu to switch between chart intervals such as minute, hourly or daily bars.
  • 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

  • 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 ...
  • Get 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 ...

I - I

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

Getting Started

Select/Find a Stock

  • Stock Select
    Select a stock by entering the symbol in the securities toolbar.
  • Stock Search
    Find a stock or index by searching for the security name or symbol.
  • Stock Menu Add
    Add exchanges to the stock menu list.
  • Stock Menu Browse
    Browse securities menus alphabetically or by sector.
  • Data from Yahoo
    Import data from external websites such as Yahoo.
  • Data Import
    Import data from files on your computer - in descending date order.

Chart Time Period

  • Time Period Select
    How to select a time frame to display on your chart
  • Scroll Back/Forward
    Scroll back/forward on the time axis with the scrolling toolbar.
  • Zoom
    Drag your mouse pointer to zoom in on a specific chart period
  • Chart Intervals
    Use the View menu to switch between chart intervals such as minute, hourly or daily bars.
  • Incomplete Periods
    Display temporary values for incomplete periods on Daily, Weekly and Monthly charts, before completion of the full period.
  • Back Testing
    Use the scroll buttons on the toolbar to simulate actual trading conditions.

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.

Select a Chart Type

  • Chart Types
    Candlesticks, bar charts, equivolume, candlevolume and point and figure
  • 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.
  • 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.
  • Point & Figure Setup
    Create custom Point and Figure chart s from the Indicator Panel.

Watchlists

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 ...

Index Menus

Print & Save

Toolbar Shortcuts

  • Menus & Toolbars
    Menu and toolbar commands.
  • Keyboard Shortcuts
    Shortcut keys to activate Incredible Charts commands from the keyboard.
  • Toolbars Customize
    Left-click and right-click commands for toolbars
  • Price Bar
    OHLC Volume and Date are displayed on the price bar below the chart.
  • 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 ...

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 ...

Advanced Options

  • Advanced Options
    Commands that are complex or infrequently used are placed under View >> Advanced Options
  • Hide Advertising
    Premium members can hide the top banner and right margin advertising banners ...
  • Stock Menus Customize
    You may wish to customize your watchlist and menu settings to reduce the number of sub-folders

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

Trading Diary

  • Trading Diary
    Colin Twiggs' free Trading Diary newsletter
  • Colin Twiggs
    About Colin Twiggs, author of the Trading Diary and Incredible Charts website.
  • My Strategy
    Using Indicators, efficient markets, the economy, making predictions, and a simple formula.
  • Disclaimer
    Please read our Disclaimer.

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
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    Read about the latest developments on Incredible Charts.
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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.

Relative Strength & Overlays

  • 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.
  • Hull Moving Average
    Alan Hull developed Hull Moving Average in 2005 in his quest to create a moving average that is "responsive to current price activity while maintaining curve smoothness". Hull claims that his moving average "almost eliminates lag altogether and manages to improve smoothing at the same time".
  • Displaced Moving Average
    Displaced Moving Averages are useful for trend-following purposes, reducing the number of whipsaws compared to an equivalent Exponential or Simple Moving Average.
  • 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.
  • How To Select A Long-Term MA
    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.
  • Ichimoku Cloud
    Ichimoku Cloud is a complete trend trading system, combining leading and lagging averages with traditional candlestick charts.

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 Indicator
    The problem with oscillators is that they often whipsaw. Trading MACD divergences and large swings provides more reliable signals.
  • 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.
  • MACD Percentage
    MACD Percentage Price Oscillator is a variation of theMACD indicator. The major difference is the percentage scale which enables comparison between stocks.

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.
  • Ichimoku Cloud
    Ichimoku Cloud is a complete trend trading system, combining leading and lagging averages with traditional candlestick charts.
  • 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.
  • Bollinger %b
    Bollinger %b is used to signal subtle entry and exit opportunities that may be overlooked in a trend.

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.
  • 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.
  • Ichimoku Cloud
    Ichimoku Cloud is a complete trend trading system, combining leading and lagging averages with traditional candlestick charts.
  • 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.
  • Twiggs Smoothed Momentum
    Twiggs Smoothed Momentum is a smoothed version of the proprietary Twiggs Momentum oscillator. Its purpose is to provide a slower, less erratic signal for following long-term trends.
  • Chande Momentum Oscillator
    Chande Momentum Oscillator uses Overbought and Oversold levels, as well as Divergences, to identify reversals.
  • Ultimate Oscillator
    Larry Williams' Ultimate Oscillator uses three time frames in order to minimize false signals.
  • Stochastic RSI
    Stochastic RSI was designed by Tushar Chande and Stanley Kroll to generate more Overbought and Oversold signals than Welles Wilder's original Relative Strength oscillator.
  • 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.

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

  • 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
    ATR Trailing Stops are primarily used to protect capital and lock in profits on individual trades but they can also be used, in conjunction with a trend filter, to signal entries.
  • Chandelier Exits
    Chuck LeBeau's Chandelier Exits are primarily used as a stop loss mechanism to time exits from a trending market.
  • Ichimoku Cloud
    Ichimoku Cloud is a complete trend trading system, combining leading and lagging averages with traditional candlestick charts.
  • 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 powerful signals. Here are two great strategies, for Bollinger Band Squeezes and Bollinger Band Trends.
  • 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.
  • Twiggs Volatility
    Twiggs Volatility is a proprietary volatility indicator used to flag elevated market risk.
  • Choppiness Index
    The Choppiness Index is a volatility indicator developed by Australian commodity trader Bill Dreiss to indicate whether a market is trending or ranging.
  • Bollinger Band Width
    Bollinger's Bandwidth Indicator is used to warn of changes in volatility. A squeeze, where the bands converge into a narrow neck, often precedes a sharp price rise or fall.

Indicators A ~ Z

Indicators 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
    ATR Trailing Stops are primarily used to protect capital and lock in profits on individual trades but they can also be used, in conjunction with a trend filter, to signal entries.
  • 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 powerful signals. Here are two great strategies, for Bollinger Band Squeezes and Bollinger Band Trends.
  • 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.
  • Chande Momentum Oscillator
    Chande Momentum Oscillator uses Overbought and Oversold levels, as well as Divergences, to identify reversals.
  • Choppiness Index
    The Choppiness Index is a volatility indicator developed by Australian commodity trader Bill Dreiss to indicate whether a market is trending or ranging.
  • Candlestick Patterns
    Candlestick chart patterns are able to highlight trend weakness and reversal signals that may not be apparent on a normal bar chart.
  • Bollinger %b
    Bollinger %b is used to signal subtle entry and exit opportunities that may be overlooked in a trend.
  • Bollinger Band Width
    Bollinger's Bandwidth Indicator is used to warn of changes in volatility. A squeeze, where the bands converge into a narrow neck, often precedes a sharp price rise or fall.

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.
  • Displaced Moving Average
    Displaced Moving Averages are useful for trend-following purposes, reducing the number of whipsaws compared to an equivalent Exponential or Simple Moving Average.
  • 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.
  • Heikin-Ashi Candlesticks
    Heikin Ashi candlesticks filter out market noise from the traditional Japanese candlestick chart and highlight trend and/or consolidation patterns
  • Ichimoku Cloud
    Ichimoku Cloud is a complete trend trading system, combining leading and lagging averages with traditional candlestick charts.
  • 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.
  • Hull Moving Average
    Alan Hull developed Hull Moving Average in 2005 in his quest to create a moving average that is "responsive to current price activity while maintaining curve smoothness". Hull claims that his moving average "almost eliminates lag altogether and manages to improve smoothing at the same time".
  • Inverted Axis
    You can invert the vertical price axis, to descending order, from the View menu.

M ~ N

  • MA Oscillator
    The Moving Average Oscillator simply compares closing price to the moving average.
  • MACD Indicator
    The problem with oscillators is that they often whipsaw. Trading MACD divergences and large swings provides more reliable signals.
  • 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.
  • MACD Percentage
    MACD Percentage Price Oscillator is a variation of theMACD indicator. The major difference is the percentage scale which enables comparison between stocks.

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
  • Pivot Points
    Pivot Points are used for calculating support and resistance for short-term trading.
  • 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.
  • Twiggs Smoothed Momentum
    Twiggs Smoothed Momentum is a smoothed version of the proprietary Twiggs Momentum oscillator. Its purpose is to provide a slower, less erratic signal for following long-term trends.
  • Ultimate Oscillator
    Larry Williams' Ultimate Oscillator uses three time frames in order to minimize false signals.
  • Stochastic RSI
    Stochastic RSI was designed by Tushar Chande and Stanley Kroll to generate more Overbought and Oversold signals than Welles Wilder's original Relative Strength oscillator.
  • Twiggs Volatility
    Twiggs Volatility is a proprietary volatility indicator used to flag elevated market risk.
  • Stochastic RSI
    Stochastic RSI was designed by Tushar Chande and Stanley Kroll to generate more Overbought and Oversold signals than Welles Wilder's original Relative Strength oscillator.

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

Stock Market 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.

Mobile Devices

Mobile Application

  • Mobile Application
    Incredible Charts mobile application will eventually form the backbone of our service, integrated across desktop, smartphone and tablets.
  • Mobile App Features
    Incredible Charts mobile application will integrate the Incredible Charts 10.0 desktop version with tablets and mobile phones
  • Market Sentiment
    Market Sentiment indicator is especially designed for mobile devices, with columns displaying relative performance of buyers against sellers over Daily, Weekly, Monthly, Quarterly and Annual periods.
  • Mobile App Settings
    How to refresh data and/or link devices.

Money Flow & Volume

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

  • 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.

Moving Averages & MACD Oscillators

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.
  • Hull Moving Average
    Alan Hull developed Hull Moving Average in 2005 in his quest to create a moving average that is "responsive to current price activity while maintaining curve smoothness". Hull claims that his moving average "almost eliminates lag altogether and manages to improve smoothing at the same time".
  • Displaced Moving Average
    Displaced Moving Averages are useful for trend-following purposes, reducing the number of whipsaws compared to an equivalent Exponential or Simple Moving Average.
  • 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.
  • How To Select A Long-Term MA
    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.
  • Ichimoku Cloud
    Ichimoku Cloud is a complete trend trading system, combining leading and lagging averages with traditional candlestick charts.

MACD

  • MACD Indicator
    The problem with oscillators is that they often whipsaw. Trading MACD divergences and large swings provides more reliable signals.
  • 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 Indicator
    The problem with oscillators is that they often whipsaw. Trading MACD divergences and large swings provides more reliable signals.
  • 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.
  • MACD Percentage
    MACD Percentage Price Oscillator is a variation of theMACD indicator. The major difference is the percentage scale which enables comparison between stocks.

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.
  • Bull & Bear Traps - Primary Index
    Upward breakouts in a primary down-trend are notoriously unreliable.
  • 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

Stock Screener

  • Stock Screener
    Identify trending, ranging or potential breakout stocks with the Stock Screener: Moving averages, MACD, Bollinger bands, Twiggs Money Flow, Directional Movement, RSI, Stochastic, Twiggs Momentum......
  • Save Screen
    How to save a stock screen.
  • Saved Screens
    How to view your saved stock screens.
  • Schedule Screen
    How to schedule a stock screen.
  • Share Screens
    Share your saved stock screens with other users.
  • Find Shared Screen
    How to find a shared stock screen.
  • Stock Screen Return
    Results of a Stock Screen Search are presented in spreadsheet format.

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

Getting Started

Help Menus

  • FAQ
    Frequently asked questions
  • Help A ~ Z
    Alpahabetical listing of Incredible Charts help menu.
  • Help Manual (pdf)
    A brief overview of how to use Incredible Charts Charting Software.

Contact Us

  • Technical Support
    Contact Incredible Charts Technical Support
  • General
    Contact Incredible Charts - General issues including advertising, copyright, complaints or suggestions.

Accounts

Technical Analysis

Technical Analysis Foundation

  • Technical Analysis
    What is Technical Analysis? Foundations of Technical Analysis and does it really work?
  • Support/Resistance
    Support and resistance are the foundation stone of all technical analysis.
  • Chart Basics
    The key to analysing bar charts: control, commitment, OHLC, whipsaws, long and short positions...
  • Time Frames
    Expose hidden trends: markets trend in more than one direction at the same time...

Dow Theory

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.
  • 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

Start Trading

  • Start Trading
    Know what to trade. Know what direction to trade. Know when to trade. Know how much capital to trade. Know your costs. Know what time frame to trade. Know how much to trade. Know how to trade. Know when to quit.

Money Management

  • The 2% Rule
    NEVER RISK MORE THAN 2 PERCENT OF YOUR CAPITAL ON ANY ONE STOCK.
  • Is 2% Right for Me?
    Not all traders face the same success rate. Short-term traders usually achieve higher success rates, while long-term traders achieve for higher risk-reward ratios.
  • Does 2% Protect From Drawdowns?
    The 2 Percent Rule assumes that stocks move independently of each other but when stocks fall, they tend to fall together.

Stop Loss Orders

  • Stop Loss Orders
    Stop loss orders are limits set by traders at which they will automatically enter or exit trades.
  • Setting Stop Loss Orders
    Base your stops on technical levels otherwise they will cost you money. Arbitrary levels are liable to be breached by the normal cycle.
  • Adjusting Stop Loss Orders
    Lock in your profits and ride the trend, avoiding shake-outs by minor corrections.
  • Maximum Acceptable Loss
    An objective formula used to assess the risk associated with each trade.
  • Trailing Stop Loss Orders
    A powerful formula for limiting losses, protecting profits and avoiding false signals.
  • Trailing Percentage Stops
    Trailing Percentage Stops work with a ratchet effect, trailing price movements by a set percentage.
  • Stop Loss Traps
    For a market specialist, making money out of stop loss orders is as difficult as hunting dairy cows with a high-powered rifle and telescopic sights.....

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.
  • Stop Loss Traps
    For a market specialist, making money out of stop loss orders is as difficult as hunting dairy cows with a high-powered rifle and telescopic sights.....
  • 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.
  • CFD Opportunities & Pitfalls
    Opportunities and pitfalls of trading contracts for difference.

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

Trading Diary

  • Trading Diary
    Colin Twiggs' free Trading Diary newsletter
  • Colin Twiggs
    About Colin Twiggs, author of the Trading Diary and Incredible Charts website.
  • My Strategy
    Using Indicators, efficient markets, the economy, making predictions, and a simple formula.
  • Disclaimer
    Please read our Disclaimer.

Trend & Momentum Oscillators

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.
  • Ichimoku Cloud
    Ichimoku Cloud is a complete trend trading system, combining leading and lagging averages with traditional candlestick charts.
  • 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.
  • Bollinger %b
    Bollinger %b is used to signal subtle entry and exit opportunities that may be overlooked in a trend.

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.
  • 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.
  • Ichimoku Cloud
    Ichimoku Cloud is a complete trend trading system, combining leading and lagging averages with traditional candlestick charts.
  • 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.
  • Twiggs Smoothed Momentum
    Twiggs Smoothed Momentum is a smoothed version of the proprietary Twiggs Momentum oscillator. Its purpose is to provide a slower, less erratic signal for following long-term trends.
  • Chande Momentum Oscillator
    Chande Momentum Oscillator uses Overbought and Oversold levels, as well as Divergences, to identify reversals.
  • Ultimate Oscillator
    Larry Williams' Ultimate Oscillator uses three time frames in order to minimize false signals.
  • Stochastic RSI
    Stochastic RSI was designed by Tushar Chande and Stanley Kroll to generate more Overbought and Oversold signals than Welles Wilder's original Relative Strength oscillator.
  • 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.

Troubleshooting

Frequently Asked Questions

Support

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
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  • Norton IS
    Settings for resolving connection difficulties
  • Other Firewalls
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  • PC-cillin
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  • Sygate
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  • Windows XP
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Application Issues






 
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