Indicators are collections of lines and symbols that are typically (but not always) displayed in
additional panels located above or below the main price panel. (SharpCharts2 also allows you to
create "Overlaid" charts where indicators can be positioned behind the price bars or behind other
indicators.) Examples of technical indicators include the MACD and the RSI. To add an indicator
to your chart, simply select it from an unused dropdown on the left side of the "Indicators" area.
The dropdown contains a list of all the indicators we support including:
Price - The price data for a specified stock. Typically used to create overlaid charts or
charts that compare one stock to another. Combined with our Ratio Symbol Notation2), it
can be used to create "Price Relative" charts (see below).
Price Performance - The percentage change of the closing values of the specified stock.
The first closing value on the left edge of the chart is the starting point for the calculations.
Often used in combination with the "Performance" chart type to create SharpCharts
versions of our dynamic PerfCharts tool.
Volume - The volume data for a specific stock. Can be used to position volume several
panels away from the price data or to overlay volume on an indicator.
RSI - Common bounded momentum oscillator with overbought/oversold lines at 70 and
MACD - Moving Average Convergence/Divergence. Common unbounded momentum
oscillator formed from the difference of two specified EMAs. A signal line is often added
to generate buy/sell signals. The difference between the indicator and the signal line is
displayed as a histogram in the middle of the indicator.
MACD Histogram - The difference between the specified MACD line and its signal line
displayed as a histogram. This version only displays the histogram, not the MACD Line or
the signal line.
Percentage Price Oscillator (PPO) - A percentage-based version of the MACD.
Detrended Price Oscillator (DPO) - Removes long-term trend information from the data
so that shorter-term cycle information can be studied.
Commodity Channel Index (CCI) - Removes statistical mean information from the data
so that unusual short-term divergences can be better indentified.
Rate-of-Change (ROC) - The difference between current prices and prices 'n' periods
ago. Almost indentical to the "Momentum" indicator (which we do not support, use ROC
Ultimate Oscillator - Weighted sum of three different oscillators - a short-term one, a
medium-term one, and a long-term one.
TRIX - A momentum oscillator that shows the percent rate-of-change of a triply smoothed
average of the stock's closing prices.