Charter 2.0 Release Desk-top Stock Charting Software

Frank at Technicator.net has released his new Charter 2.0 stock charting software, an update to his charting software which pulls charts from Stockcharts.com. Charter 2.0 is a sophisticated and comprehensive, desk-top stock market tool that will help you select top performing equities. It works great, download it for free and experience it for a week. I think you may like it.

Click Here to Download Charter 2.0

From The Technicator Investment Blog Web site....
Charter 2.0 is a sophisticated charting software that contains many of the popular technical indicators and chart annotating tools for stocks. You can load up charts that vary durations from 1 minute intraday to 10 years. Moreover, mix and match groups of indicators to go with a stock chart and then annotate on them to further analyze the stock technically.

You can also organize stocks with the new watch list function. Furthermore, there are several categorized daily stock picks for endless investment ideas.

Advanced Charting Capability:
Large, vivid charts of stocks and indices. You can chart daily, weekly, or intraday using candlesticks OHLC, or line formats. Each chart overlay contains adjustable parameters which the user can adjust at his/her own disposal.

Technical Indicators:
Display up to 12 moving averages while choosing up to 5 separate technical indicators at once. Technical indicators include CCI, RSI, MACD, Money Flow, On Balance Volume, Accumulation/Distribution, Bollinger Bands, Price Relativity, Fast/Full/Slow Stochastics.

Personal Stock Watch List:
Add an unlimited amount of stock symbols to a personal watch list that you can save/add/delete stocks.

Daily Stock Picks:
Each day, manually updated by Technicator.NET, a big list of stock picks categorized by Top Stocks, Bottom Stocks, What’s HOT, and What’s NOT. Treat yourself every day into a sea of potential stocks to trade.

Free of Charge:
Free to everyone. The program does ask for support by clicking on an advertisement that would otherwise only take 5 seconds to deal with. Don’t worry; this doesn’t happen (once per 50 chart loads). This way, you get to use the program for free, no money out of your pocket, my advertisers pays me a couple of peanuts so I can keep the website running. Optionally, if you insist, you can purchase an ad-free version of Charter 2 for $100 by emailing me. It really isn’t necessary unless the tool has made you the big bucks and you feel like giving back, which is highly possible.

…and more! Start using Charter and discover this amazing research tool.

Technical Indicators Defined
January 5, 2006 @ 5:42 pm · Posted under Others

http://gotfrank.com/stockpicks/?p=296

Charter 2.0 offers many technical indicators for your research needs. The advanced technical chartist would know what to do with the right away, but most people don’t have a clue. Knowing how to use various technical indicators (or use a combination of a couple for added assurance) would add value to your investment research. You can sharpen your trade timing and get better entry/exit pricing. I spent over a year learning this stuff and I wanted to give back to my readers on what I learned and how you can be a better chartist. Below, I put together resources for every feature available for my program Charter 2.0. Feel free to bookmark it if you can’t go through everything in one sitting.

TECHNICAL INDICATORS:

Commodity Channel Index (CCI)
The CCI, when used in conjunction with other oscillators, can be a valuable tool to identify potential peaks and valleys in the asset’s price, and thus provide investors with reasonable evidence to estimate changes in the direction of price movement of the asset.
Learn More: Commodity Channel Index

Relative Strength Index (RSI)
The RSI compares the magnitude of recent gains to recent losses in an attempt to determine overbought and oversold conditions of an asset.
Learn More: Relative Strength Index

Moving Average Convergenge-Divergence (MACD)
A trend-following momentum indicator that shows the relationship between two moving averages of prices.
Learn More: MACD

Chaikin Money Flow (CMF)
The Chaikin Money Flow oscillator generates bullish signals by indicating that a security is under accumulation. It is based on calculations from the Accumulation/Distribution by Chaikin.
Learn More: Chaikin Money Flow

On Balance Volume (OBV)
A method used in technical analysis to detect momentum, the calculation relates volume to price change. OBV provides a running total of volume and shows if this volume is flowing in or out.
Learn More: On Balance Volume

Accumulation/Distribution (ACC/DST)
ACC/DST measures supply and demand by discovering if investors are generally “Accumulating” (buying) or “Distributing” (Selling) a certain stock by identifying divergences between stock price and volume flow.
Learn More: Accumulation/Distribution

Bollinger Bands (BB Width)
BB Width is the measurement of the width between the top and bottom bollinger lines. When the BB width is small (tight bollingers), then it may indicate and a price expansion will soon occur.
Learn More: B.B. Width, Bollinger Bands

Price Relative To (Price Relative)
The Price Relative compares the performance of one security against that of another.
Learn More: Price Relative

Fast/Full/Slow Stochastics (Stochastics)
Stochastics measures oversold/overbought conditions. When it is above 80, it is in the overbought region and when it is under 20, it is oversold.
Learn More: Stochastics

OVERLAYS:
Moving Averages:
Simple Moving Average (MA or SMA) and Exponential Moving Average (EMA)SMA is basically the average price for a given period. ie: MA(50) is the average price for the past 50 days (if you are looking at daily ticks).EMA is like SMA except it weighs the most recent tick heavier in the average price calculation.
Learn More: Moving Averages

Zig-Zag
Its purpose is to filter out random noise and compare relative price movements.
Learn More: Zig-Zag Lines

Price by Volume
The length of each bar on the side is determined by the cumulative total of all volume bars for the periods during which the closing price fell within the vertical range of the histogram bar.
Learn More: Price By Volume

Parabolic SAR
Parabolic SAR sets trailing price stops for long or short positions. It is also referred to as the stop-and-reversal indicator.
Learn More: Parabolic SAR

CHART ANNOTATIONS:
Use the line tool to connect top to top to or bottom to bottom to draw a trend line or price channel. You can even connect a top to a bottom (which should lead to a future bottom) or a bottom to top (which should lead to a future top).

Keep in mind that a lower high is almost always bearish except if the stock is consolidating and a higher low is, in the other sense, bullish. Remember that you can make a parallel line to a top trend line or bottom trend line to find the other line to make a channel.

If you want to edit a line or anything annotated on the chart, select the arrow tool on to top of the chart and select a line to edit it. Note that you can also change the line width/color/ or make dashes.

Another useful annotating tool is the Fibonacci retracement tool. You start it at a price bottom and drag it to the next top. Stocks usually retrace back to the 38.2%, 50%, or 61.8% level. If price bounces off the 38.2% level, it is very bullish. At 61.8% it may indicate it is the last time turning up (could mean bearish).

Learn More: Annotating Charts

For your reference, go here to get Charter 2.0. I hope these resources will help you grow as a technical analyst. Enjoy!

I suggest that you Join The Technicator mailing list to keep up to date on the developments of Charter 2.0 and investment ideas he writes about.

Join The Technicator Mailing List: Subscribe Now for FREE!