NEDBANK PRIVATE WEALTH STOCKBROKERS Graphical Analysis Manual

Transcription

1 This advanced charting application displays interactive, feature-rich, automatically-updated financial charts; The application also provides you with the ability to perform advanced technical analysis online. It is secure and powerful, yet easy to use, with the ability to display historical and intraday charts, and to allow you to develop and test personal investment strategies. Perform professional-level technical analysis Define and test investment strategies and indicators Access a multitude of predefined indicators, and create new ones Draw and analyse trend-lines, formations, support and resistance levels Customize charts, indicators and favourite symbols, and save settings for later use. SPECIFICATIONS 1. Configuration Capabilities Number of customizable parameters Technical Analysis Specifications Number of built in indicators 51 Trendline and formation drawing Support and resistance levels Fibonacci retracements Regular retracements Automatic buy and sell signals for several indicators 3. Charting capabilities Linear scale Semi logarithmic scale Line charts Bar charts Candlestick charts Volume charts Quote information display Multiple stock performance comparison Chart area maximisation GRAPHICAL ANALSIS MANUAL PAGE 1

2 USER S GUIDE Detach and maximise applet Use browser cache Auto update data Audible data refresh indicator Data refresh Adjust chart range Scale selection % scale with performance comparison Data compression Time frame settings Chart customisation Show/hide volume Chart type Show/hide symbols Indicator selection for primary chart Primary symbol User-defined trendline Volumes Secondary symbol Indicators Print the chart Enable/disable automatic loading of studies Load and save studies Enable/disable chart area maximisation Load and save settings Load preferences GRAPHICAL ANALSIS MANUAL PAGE 2

3 DISPLAING CHARTS To display a given chart select a symbol from the list of favourite symbols (on the left) or enter a symbol into primary symbol field just above the list. If you want to draw comparative charts, simply enter a symbol name into secondary symbol field, below the symbol list. ou can also compare performance of multiple stocks by first selecting the percentage (performance) scale and then selecting multiple symbols. Please note that when you enter a new symbol, it is automatically added to the list of favourite symbols for your convenience. WORKING WITH INDICATORS To display technical indicators select from the options available in the second toolbar. Right-click on an indicator selection field to edit or define new indicator and/or investment strategy. 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. 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 customize line widths and colours press the "chart customization" button (located on the right side of the first toolbar). WORKING WITH TREND-LINES, FORMATIONS AND OTHER OBJECTS ou can draw various objects on the chart using the mouse. First, select an object in the pop-up menu of the chart, and then press the left mouse button and drag the mouse to draw an object. To move an object, hold the [SHIFT] key, to delete an object hold the [CTRL] key (in automatic drawing mode). ou can also change automatic drawing mode using an option in the pop-up menu. OPTIMISING PROGRAMME PERFORMANCE Pressing the "timeframe settings" button will enable you to set the maximum amount of data processed by the programme. Setting a shorter timeframe will increase the programme performance. This can be important if you are using a slow computer or a low-bandwidth Internet connection. STORING AND LOADING CONFIGURATION SETTINGS ou can store and later load your preferred configuration settings, using "load configurations" and "save configuration" status bar buttons. The following settings can be stored: favourite symbols along with current selection of primary and secondary symbol cache usage and automatic data update settings selected indicators defined indicators indicator parameters chart type, scale and data compression chart colours and line widths TECHNICAL INDICATORS Acceleration (ACC) Accumulation Distribution (AD) Average True Range (ATR) Balance Of Power (BOP) Chart pattern where the rate of change of share price increases sharply. Tracks the buying pressure and selling pressure. Volatility indicator. Momentum indicator that measures buying and selling pressure, giving an indication of the degree in which individual stocks and the market in general are overbought or oversold. GRAPHICAL ANALSIS MANUAL PAGE 3

4 Bollinger Band (BOL) Bollinger Oscillator (BOS) Chaikin A/D Oscillator (ChAD) Chaikin Money Flow (ChMF) Chaikin Oscillator (ChO) Chaikin Volatility (ChV) Chande Momentum Oscillator (CMO) Commodity Channel Index (CCI) Detrended Price Oscillator (DPO) Directional Movement Index (DMI) Ease of Movement (EMV) Exponential Moving Average (EMA) %D Fast (FastD) %D Slow (SlowD) %K Fast (FastK) Force Index (FI) Intraday Momentum Index (IMI) Mass Index (MI) Moving Average Convergence Divergence (MACD) MACD Oscillator (MACDO) Momentum - type 1 (MTM1) Momentum - type 2 (MTM2) Money Flow Index (MFI) Negative Volume Index (NVI) On Balance Volume (OBV) Parabolic SAR (PAR SAR) Positive Volume Index (PVI) Percentage Volume Oscillator (PVO) Price Oscillator (POS) Price and Volume Trend (PVT) QStick Indicator (QStick) Rate of Change (ROC) Provide several useful signals including confirmation of trend and an indication of volatility. Computes the position of closing price relative to the width of the Bollinger Bands. The degree of buying or selling pressure can be calculated by the location of a close relative to the high and low for the corresponding period. Intended to show whether a given equity is within a buying trend (money flow in) or a selling trend (money flow out). Created by subtracting a 10-day EMA from a three-day EMA of the accumulation /distribution line. By comparing the spread between a security's high and low prices, it quantifies volatility as a widening of the range between the high and the low price. Determines the momentum of price data by comparing the size of recent negative price changes to the size of recent positive price changes. An oscillator that provides an indication of overbought or oversold markets Smooths the trend in prices, allowing more easily identifiable cycles and overbought/oversold levels. Helps determine if a security is "trending." Illustrates the relationship between volume and price change. This type of moving average reacts faster to recent price changes than a simple moving average. Combines price movements and volume to measure the market. Combination of the Relative Strength Index and Candlestick Analysis. Range oscillator that uses changes in daily trading price and provides market reversal forecasts A trend following momentum indicator used to signal trend changes and to indicate trend direction. Signals are generated by crossovers and divergence from price. Converts the two lines of the MACD into a single line that fluctuates above and below zero. Measures the speed of price change and provides a leading indicator of changes in a trend Measures the speed of price change and provides a leading indicator of changes in a trend A divergence between the money flow index and price trend can warn of a possible trend reversal. Used in conjunction with the Positive Volume Index, it's an attempt to identify bull markets. Used to either confirm the current price trend or warn of a possible reversal Useful in catching new trends early Calculated based on price movements on days with increased volume. Percentage difference between two moving averages of volume. Shows the variation among two moving averages for the price of a security. Cumulative total of volume that is adjusted depending on changes in closing prices. Developed as a way to quantify candlesticks, the indicator is a moving average of the difference between the opening and closing prices of an issue. Momentum indicator measuring velocity and also leads the price action GRAPHICAL ANALSIS MANUAL PAGE 4

5 Relative Strength Index (RSI) Relative Volatility Index (RVI) Simple Moving Average (SMA1, SMA2, SMA3) Standard Deviation (StDev) Stochastic (STS) Trend Deviation (TRD) TRIX Index (Trix) Ultimate Oscillator (ULT) Volatility Ratio (VLT) Volume Moving Average (exponential) (VOL EMA) Volume Oscillator (VOS) Provides early warning of a sell or buy opportunity Used to measure the direction of volatility. The average stock price over a user defined period. Statistical measurement of volatility. It measures how widely values range from the average value. Determine when a market is overbought or oversold A moving average of volume is divided by another, and a smoothed rate of change. A 1 day rate of change of a triple exponentially smoothed moving average of closing prices. Sensitive to buying and selling pressure and offers reliable signals Makes use of the difference between two moving averages of volume to determine if the overall volume trend is increasing or decreasing. Displays the ROC of the security's volume Volume Rate of Change (VROC) Williams Accumulation Distribution (type 1) (WAD1) Tracks the buying pressure and selling pressure Williams Accumulation Distribution (type 2) (WAD2) Tracks the buying pressure and selling pressure Williams' %R (%R) Anticipation of market reversals GRAPHICAL ANALSIS MANUAL PAGE 5