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Understanding Technical Charts - Nedgroup Private Charts Technical Charts Overview Technical Charts is an advanced charting application specifically designed to display

May 23, 2018

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  • TECHNICAL CHARTS

    UNDERSTANDING TECHNICAL CHARTS

  • Technical Charts

    www.mcgregorbfa.com

    Technical Charts Overview Technical Charts is an advanced charting application specifically designed to display interactive, feature rich, auto updated financial charts. The application provides users with the ability to perform advanced technical analysis online. It is a secure and powerful, yet easy to use, online technical analysis application with the ability to display historical and intraday charts, allowing users to develop and test personal investment strategies.

  • Technical Charts

    www.mcgregorbfa.com

    Features

    Charts update automatically without having to refresh the screen.

    Charts are highly customisable including the ability for the user to save settings, preferences and studies for later retrieval.

    Professional technical analysis programme which may be operated inside the browser, or detached and used in a separate window in full screen mode.

    Offers the capability to define and test investment strategies and indicators.

    The ability to export the chart directly in PNG format or print chart directly from the application.

    Add user defined text and graphics (arrows) to charts. Benefits

    Continuously updated charts

    Instant access to professional analysis software

    Ability to develop and test investment strategies

    Access to a multitude of predefined indicators and the ability to create new ones

    Ability to draw and analyse trendlines, formations, support and resistance levels

    Ability to customise charts, indicators and favourite symbols

    Fast access to large amounts of historical and intraday data Specifications 1. Configuration Capabilities

    Number of customisable parameters 272

    2. Technical Analysis Specifications

    Number of built in indicators 51

    Trendline and formation drawing Y

    Support and resistance levels Y

    Fibonacci retracements Y

    Regular retracements Y

    Parabolic Stop and Retracement Y

    Pivot Points Y

    Displaced Moving Average Y

    User defined Simple and Exponential Moving Averages

    Y

    Automatic buy and sell signals for several indicators Y

    3. Charting capabilities

    Linear scale Y

    Semi logarithmic scale Y

    Line charts Y

    Bar charts Y

    Candlestick charts Y

    Volume charts Y

    Quote information display Y

    Multiple stock performance comparison Y

    Chart area maximisation Y

    User applied notes and arrows Y

    Export graph image Y

    Print function Y

  • Technical Charts

    www.mcgregorbfa.com

    Maximise/minimise

    Enable/disable browser cache

    Auto update data

    Audible data refresh indicator

    Data refresh

    Adjust chart range

    Chart type

    Show/hide volume

    Chart customisation

    Time frame settings

    Data compression

    % scale with performance comparison

    Scale selection

    Data Range

    Primary Symbol

    Secondary symbol

    Load and save settings

    Maximise chart

    Load and Save Studies

    Print

    Export image to PNG

    User defined trendline

    Volumes

    Technical Indicators

  • Technical Charts

    www.mcgregorbfa.com

    Getting Started

    1. Displaying charts To chart a specific instrument simply enter the instrument ticker code into the primary symbol field located toward the top left of the charting application. Alternatively, if you have instruments already saved as favorites as listed on the left of the chart, you may select a symbol from this list by simply clicking the required instrument. To draw comparative charts, enter the secondary instrument ticker symbol name into secondary symbol field located toward the bottom left of the chart. You can also compare performance of multiple stocks by first selecting the percent (performance) scale and then selecting multiple symbols. Please note, that when you enter a new symbol, it is automatically added to the list of favorite symbols for your convenience.

    2. Working with indicators As a default, 2 technical indicators are displayed in the bottom 2 windows of the charting application. Users may select from 47 additional indicators from the Indicator Selection drop down menu as appearing in the second toolbar at the top of the application. The first dropdown controls the display in the 1st indicators display window while the second dropdown controls the lower display chart. Select an indicator from the list by left clicking on the required indicator. This will automatically populate to the chart. The indicator parameters may be adjusted using the free text fields appearing to the right of each indicator. Enter desired parameter value and press [ENTER], to apply the new parameter. If multiple charts are displayed at the same time, then the indicators are calculated for the primary chart.

    3. Moving Averages Include an exponential moving average, displaced moving average and up to three simple moving averages with varying default period settings by clicking on the EMA, DMA, SMA1, SMA2 or SMA3 buttons in the task bar above the chart. Default period settings appear in the window to the right of each of these buttons for exponential and simple moving averages while a new pop up window is returned when selecting the displaced moving average. You may alter these default settings by mouse clicking on the window, rendering this window a free text area and typing in your own settings. Press enter and your user defined moving average will plot in the chart.

    4. Chart customisation Using the options available in the first toolbar, you can set a chart type, a scale, data compression or adjust the amount of data displayed. To customise line widths and colors press the "chart customisation" button (located on the right side of the first toolbar).

    5. Working with trendlines, formations and other objects You can draw various objects on the chart such as trendlines, support/resistance levels, Fibonacci Retatrcements as well as Regular Retracements using the mouse. First, right click on the chart area and select an object in the pop-up menu of the chart. Press the left mouse button and drag the mouse to draw an object within the charting area. To move an object, hold the [SHIFT] key in conjunction with the left mouse button in order to shift the object to the desired location. To delete an object hold the [CTRL] key (in automatic drawing mode) and left mouse click on the object. You can also change automatic drawing mode using an option in the pop-up menu. Similarly, text and arrows may be included in the chart by making use of the right click menu function described above.

  • Technical Charts

    www.mcgregorbfa.com

    Getting Started (Cont)

    6. Optimising program performance Pressing the "timeframe settings" button will enable you to set the maximum amount of data processed by the system. Setting a shorter timeframe will increase the system performance. This can be important if you are using a slow computer or a low bandwidth internet connection.

    7. Storing and loading configuration settings You can store and later load your preferred configuration settings, using "load configurations" and "save configuration" status bar buttons. The following settings can be stored: a) favorite symbols along with current selection of primary and secondary symbol b) cache usage and automatic data update settings c) selected indicators d) defined indicators e) indicator parameters f) chart type, scale and data compression g) chart colors and line widths

    In addition to the settings listed above, individual studies (including indicators, their parameters and objects on the chart) can be saved and later restored for a given security using the buttons on the bottom of the programme window.

    Functions

    1. Maximise/minimise window Allows you to expand the charting application to view in full screen. When viewed in full screen, the same function allows you to minimise the chart.

    2. Auto update data

    By default, this option is set to auto update the chart every 60 seconds. This is particularly useful when viewing intraday charts. This function may be disabled/re- enabled by clicking on the button.

    3. Data refresh

    You may manually request a data refresh from the system by clicking on the data refresh function. This will repopulate the current chart with the most recent data.

    4. Scroll chart left/right

    10 years of history is available to the chart. In order to view more history than provided in the default display, simply use the scroll left function. In order to return to latest date, make use of the scroll right function.

    5. Zoom in/out Allows you to increase/decrease the amount of data presented in the display.

  • Technical Charts

    www.mcgregorbfa.com

    Functions (Cont)

    6. Select date range The default date range displayed in the chart is 6 months. You may however alter this period by making the relevant time selection from the date range drop down menu.

    7. Select chart type

    a) Line chart: The system will always default to a basic line chart indicating instrument trade prices. b) Bar chart (OHLC): The bar chart displays Open, High, Low and Close values per trading day. The top and bottom extremities of each vertical line indicates the respective high and low. The horizontal stroke to the left of the vertical line indicates the opening price while the horizontal stroke to the right indicates close. c) Candlestick charts: The upper and lower extremities indicates