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Charting

posted Nov 22, 2015, 5:42 PM by Admin Manager   [ updated Dec 5, 2015, 5:33 PM ]
mStocks has an incredibly powerful charting feature that supports overlays and oscillators. These features should fit the needs of the average investor as well as those technical charting masters. 

The chart is drawn for the selected symbol in the symbols list. The chart window is separated into three areas:

Main Chart - this is the top portion of the chart as depicted below. It's where the graph representing the symbols trading prices is drawn
Volume Chart - this is the middle section in the diagram below. It represents trading volume.
Oscillators Chart - the bottom area. Several different types of oscillators can be drawn here.

While the main chart is always shown, the volume and oscillators can be turned off making additional room for the main chart. You configure the bottom two sections in the layers and oscillators popup windows.  These are accessed by the icons below the chart. Note that if you shrink the chart by adjusting the spacer between the symbol list and chart area too small, the oscillator and/or volume sections may not be drawn. They will reappear as you make the chart area larger again. 

If you hover your mouse over the chart, you will see tracking lines as well as updates to the display to represent the price, volume and other data based on where your mouse is positioned.  Try it out.

    

Chart Types

mStocks+ support several different chart types for the Main Chart. You choose the chart type by clicking on the chart type drop down at the bottom left of the chart window. Try this out and see how the Main Chart changes based on your selection.
  • Mountain Chart
  • Line Chart
  • High-Low Chart
  • Candle Stick Chart
Chart Range

The charts can be drawn across several different time periods. These can range from a single day to full history for the symbol. You can select several increments between these. The chart range is changed by clicking on the range buttons below the chart.

Chart Themes

Themes are color schemes in which the chart is drawn. Pick the theme that fits your preference by clicking on the themes icon and then choosing a theme drop down. You can choose to draw the volume chart using red/green bars or using the theme color.  You can also toggle between showing and not showing the chart marker labels.


Layers

Layers are overlays that are drawn on top of the Main Chart. These layers can be configured via the Layers popup shown below. Choose the type of layer that you  would like to show and set the number of days.  You can also toggle Bollinger Bands and volume.


Oscillators

Oscillators are indicators that can be helpful for those symbols not showing significant variation in trends in either direction. They are typically used when a company's stock is in a horizontal or sideways trading pattern, or has not been able to establish a definite trend in a choppy market.


mStocks+ supports two Oscillator options:

Relative Strength Indicator (RSI) - the RSI is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine overbought and oversold conditions. Overbought situations occur when a stock has an RSI that is equal to or greater than 70. Likewise, oversold situations are represented by an RSI of 30 or less. Oversold situation are buying opportunities whereas overbought conditions introduce downward price pressure.

Moving Average Convergence/Divergence (MACD) - the MACD is a trend-following momentum indicator that shows the relationship between two moving averages of prices. The MACD is calculated by subtracting the 26-day exponential moving average (EMA) from the 12-day EMA. A nine-day EMA of the MACD, called the "signal line", is then plotted on top of the MACD, functioning as a trigger for buy and sell signals.

Chart Scale

mStocks+ supports both linear and logarithmic chart scales.

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