Chart Indicators

This page lists all chart indicators with a basic description and links to more detailed information when available. More in depth information can be found in the Documentation Center.

Overlays

Bollinger Bands

The Bollinger Bands are a set of lines plotted two standard deviations away from a simple moving average (SMA) of the security's price

Parameters (default value)

  • Look back period ( 14 )
  • Standard Deviations ( 2 )
Support+Resistance Lines

Displays a collection of support and resistance lines in the current timeframe. Both trendlines and horizontal lines will be displayed when available.

Chartmill Channels

A Chartmill Channel is a horizontal channel wherein prices move sideways. Chartmill Channels automatically finds the most optimal balance between 'as long as possible' and 'as small as possible'

Simple Moving Average

A simple moving average (SMA) is an arithmetic moving average calculated by adding recent closing prices and then dividing that by the number of time periods in the calculation average.

Parameters (default value)

  • Look back period ( 50 )
  • color (
    )
Smoothed Moving Average

The Smoothed Moving Average emphasizes smoothness even more so than the SMA, trying to smooth out the erratic behavior of the market in order to see the trend.

Parameters (default value)

  • Look back period ( 50 )
  • color (
    )
Exponential Moving Average

An exponential moving average (EMA) is a type of moving average (MA) that places a greater weight and significance on the most recent data points.

Parameters (default value)

  • Look back period ( 50 )
  • color (
    )
Moving VWAP

The volume weighted average price (VWAP) gives the average price a security has traded at throughout the period, based on both volume and price.

Parameters (default value)

  • Look back period ( 50 )
  • color (
    )
Anchored candle VWAP

The Anchored VWAP gives the average price a security has traded at throughout the period, starting from a specified point in time.

Parameters (default value)

  • Starting point, number of periods back ( 0 )
  • color (
    )
Alligator

The Alligator indicator applies convergence-divergence relationships to build trading signals.

Ichimoku Clouds (Full)

The Ichimoku Kinko Hyo, or Ichimoku for short, is a technical indicator that is used to gauge momentum along with future areas of support and resistance.

Donchian Channel

Donchian Channels are three lines generated by moving average calculations that comprise an indicator formed by upper and lower bands around a mid-range or median band. The upper band marks the highest price of a security over N periods while the lower band marks the lowest price of a security over N periods.

Parameters (default value)

  • Look back period ( 20 )
  • color (
    )
Stop: Chandelier exit

The Chandelier Exit (or stop) sets a trailing stop-loss based on the Average True Range (ATR). The stop will keep a N-ATR distance from the maximum price and will never decline.

Parameters (default value)

  • number of ATRs ( 3 )
  • Starting point, number of periods back ( 50 )
  • Initial stop value ( 0 )
  • color (
    )
Stop: 5bp Fractal exit

The Fractal Exit (or stop) sets a trailing stop-loss based on the '5 bar pattern'. The stop will move up after swing points and will never decline.

Parameters (default value)

  • Starting point, number of periods back ( 50 )
  • initial stop value ( 0 )
  • color (
    )
Stop: 7bp Fractal exit

The Fractal Exit (or stop) sets a trailing stop-loss based on the '7 bar pattern'. The stop will move up after swing points and will never decline.

Parameters (default value)

  • Starting point, number of periods back ( 50 )
  • initial stop value ( 0 )
  • color (
    )
Stop(short): Chandelier exit

The Chandelier Short Exit (or stop) sets a trailing (buy) stop-loss based on the Average True Range (ATR). The stop will keep a N-ATR distance from the minimum price and will never rise.

Parameters (default value)

  • number of ATRs ( 3 )
  • Starting point, number of periods back ( 50 )
  • initial stop value ( 0 )
  • color (
    )
Stop(short): 5bp Fractal exit

The Fractal Short Exit (or stop) sets a trailing stop-loss based on the '5 bar pattern'. The stop will move up after swing points and will never rise.

Parameters (default value)

  • Starting point, number of periods back ( 50 )
  • initial stop value ( 0 )
  • color (
    )
Stop(short): 7bp Fractal exit

The Fractal Short Exit (or stop) sets a trailing stop-loss based on the '7 bar pattern'. The stop will move up after swing points and will never rise.

Parameters (default value)

  • Starting point, number of periods back ( 50 )
  • initial stop value ( 0 )
  • color (
    )
pocket pivots (Kacher/Morales)

Marks the pocket pivot signals on the chart. A pocket pivot is formed when the stock is coming off a moving average on higher volume than usual.

Parameters (default value)

  • sma length ( 10 )
  • max % offset from sma ( 2 )
Chartmill Trend Overlay

The ChartMill trend indicator as an overlay. It has a color code to indicate whether the trend is neutral, negative or positive.

Distribution Days

Marks the distribution days on the chart.

Keltner Channels

A Keltner Channel is an envelope channel around security price. It includes a moving average center line and two boundary bands.

Parameters (default value)

  • Look back period for EMA ( 20 )
  • ATR distance. ( 2 )
  • Look back period for ATR ( 10 )
ATR Channels

Plots lines above and below the current price at the specified times the ATR distance.

Parameters (default value)

  • Look back period ATR ( 22 )
  • ATR distance ( 2 )
Chartmill Flag

Visualizes the bull or bear, flag or pennant pattern on the chart if there is one.

Moving Linear Regression Line

This indicator plots the path of the endpoint of a linear regression line back through the chart.

Parameters (default value)

  • Look back period ( 50 )
  • color (
    )
SMA Envelopes

A moving average envelope, which is created using two moving averages that define upper and lower price range levels.

Parameters (default value)

  • SMA Look back period ( 5 )
  • percentage ( 2 )
EMA Envelopes

An exponential moving average envelope, which is created using two exponential moving averages that define upper and lower price range levels.

Parameters (default value)

  • EMA Look back period ( 5 )
  • Percentage ( 2 )
Consolidated Support+Resistance

Displays the consolidated support and resistance on the chart. Consolidated support and resistance is the result of an evaluation and combination of trendlines, horizontal lines, channels, moving averages and their strengths in multiple timeframes.

Volume Profile

Displays the volume profile or Volume By Price on the price axis. It shows how much volume was traded in a price range for the data shown on the chart.

Parameters (default value)

  • buckets ( 40 )
  • extend chart ( 1 )
  • color (
    )
Ichimoku Cloud

The Ichimoku Kinko Hyo, or Ichimoku for short, is a technical indicator that is used to gauge momentum along with future areas of support and resistance.

Indicators

RSI

The relative strength index (RSI) is a momentum indicator that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock

Parameters (default value)

  • Look back period ( 14 )
Relative Strength (Dorsey)

A relative strength indicator, comparing the stock to the S&P index, as described by Thomas Dorsey.

Relative Strength (Mansfields)

The relative strength as used by Stan Weinstein in his famous book. It compares the stock to the S&P index.

Parameters (default value)

  • Look back period ( 52 )
Force Index

The Force Index as developed by Alexander Elder measures the force, or power, of a stock move based on the direction and volume.

Parameters (default value)

  • Look back period ( 14 )
Stochastic RSI

The Stochastic RSI is created by applying the Stochastic oscillator formula to a set of relative strength index (RSI) values rather than to standard price data. Using RSI values within the Stochastic formula gives traders an idea of whether the current RSI value is overbought or oversold.

Parameters (default value)

  • Look back period ( 14 )
Money Flow Index

The Money Flow Index (MFI) is a technical oscillator that uses price and volume for identifying overbought or oversold conditions in an asset. It can also be used to spot divergences which warn of a trend change in price.

Parameters (default value)

  • Look back period ( 14 )
MACD

The Moving Average Convergence Divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price.

Parameters (default value)

  • Look back period EMA1 ( 12 )
  • Look back period EMA2 ( 26 )
  • Look back period signal line ( 9 )
Negative Volume Index

The Negative Volume Index is a technical indication line that integrates volume and price to graphically show how price movements are affected from down volume days.

Parameters (default value)

  • Look back period ( 255 )
Positive Volume Index

Positive volume index (PVI) is an indicator used in technical analysis that provides signals for price changes based on positive increases in trading volume.

Parameters (default value)

  • Look back period ( 255 )
Chartmill Value Indicator

The chartmill Value indicator signals extremes in price formation and allow you to find points where mean reversion can be expected.

Average True Range

The ATR is a measure of volatility introduced by market technician J. Welles Wilder Jr. The ATR value indicates the avarage daily price movement of the stock.

Parameters (default value)

  • Look back period ( 22 )
Average True Range In %

The ATR expressed as a percentage. The ATR is a measure of volatility introduced by market technician J. Welles Wilder Jr. The ATR value indicates the avarage daily price movement of the stock.

Parameters (default value)

  • Look back period ( 22 )
On Balance Volume

On-balance volume (OBV), as developed by Joseph Granville, is a technical trading momentum indicator that uses volume flow to predict changes in stock price.

Accumulation/Distribution

Accumulation/distribution is a cumulative indicator that uses volume and price to assess whether a stock is being accumulated or distributed.

Chaikin Money Flow

The Chaikin oscillator is named for its creator Marc Chaikin. The oscillator measures the accumulation-distribution line of moving average convergence-divergence (MACD)

Parameters (default value)

  • Look back period ( 21 )
Twiggs Money Flow

Twiggs Money Flow is based on the popular Chaikin Money Flow indicator, created by Colin Twiggs.

Parameters (default value)

  • Look back period ( 21 )
Average Volume

The Average Volume over the specified period.

Parameters (default value)

  • Look back period ( 20 )
Average Dir. Index(ADX)

The Trend Strength Indicator. Trading in the direction of a strong trend reduces risk and increases profit potential. The average directional index (ADX) is used to determine when the price is trending strongly.

Parameters (default value)

  • Look back period ( 14 )
Bollinger Bands Width

The average width of the Bollinger bands.

Parameters (default value)

  • Bollinger Look back period ( 14 )
  • Average Look back period ( 2 )
Percent Bollinger (%B)

Percent Bollinger (%B) is an indicator derived from Bollinger Bands indicator. The %B indicator quantifies where price is in relation to the bands.

Parameters (default value)

  • Look back period ( 2 )
Awesome Oscillator

Bill Williams' Awesome Oscillator (AO) is an indicator used to measure market momentum. AO calculates the difference of a 34 Period and 5 Period Simple Moving Averages

Parameters (default value)

  • Look back period 1 ( 5 )
  • Look back period 2 ( 34 )
A/D Oscillator

Bill Williams' Acceleration/Deceleration Technical Indicator (AC) measures acceleration and deceleration of the current driving force.

Parameters (default value)

  • Look back period ( 5 )
  • Look back period ( 34 )
Chartmill Bear Indicator

The Chartmill Bear Indicator spots bearish divergencies in price patterns.

Chartmill Bull Indicator

The Bull Bear Indicator spots bullish divergencies in price patterns.

Effective Volume: S/L Players

Measures accumulation and distribution of Small and Large players according to Pascal Willain's Effective Volume

Effective Volume: S/L/A Players

Measures accumulation and distribution of Small, Large and All players according to Pascal Willain's Effective Volume

Effective Volume: All Players

Measures accumulation and distribution of All players according to Pascal Willain's Effective Volume

Effective Volume: Large Players

Measures accumulation and distribution of Large players according to Pascal Willain's Effective Volume

Accumulated Volume

Accumulated the total volume traded over the indicated period.

Parameters (default value)

  • Starting point, number of periods back ( 20 )
  • Accumulation length ( 20 )
Chartmill Trend Indicator

The ChartMill Trend Indicator displays whether the current trend is positive, neutral or negative.

Distribution Day Count

Displays the number of distribution days (down on higher volume than the day before) in a moving window of the specified amount of periods.

Parameters (default value)

  • Look back period ( 20 )
William %R

Williams %R, also known as the Williams Percent Range, is a type of momentum indicator that moves between 0 and -100 and measures overbought and oversold levels

Parameters (default value)

  • Look back period ( 14 )
Fast Stochastic

The Stochastic Oscillator is a momentum indicator that shows the location of the close relative to the high-low range over a set number of periods

Parameters (default value)

  • Look back period ( 14 )
Slow Stochastic

The Slow Stochastic Oscillator is a momentum indicator that shows the location of the close relative to the high-low range over a set number of periods.

Parameters (default value)

  • Look back period ( 14 )
Full Stochastic

The Stochastic Oscillator is a momentum indicator that shows the location of the close relative to the high-low range over a set number of periods.

Parameters (default value)

  • Look back period K ( 14 )
  • Look back period D ( 3 )
Momentum Oscillator

The indicator calculates the difference between the sum of recent gains and the sum of recent losses and then divides the result by the sum of all price movement over the same period.

Parameters (default value)

  • Look back period ( 14 )
Trend Intensity

The Trend Intensity indicator measures the strength of the trend. It is calculated as the value of the 7 day moving average divided by the 65 day moving average.

True Strength Index

The true strength index is a technical momentum indicator that helps traders identify short-term price swings while trading in the direction of the trend.

Parameters (default value)

  • Look back period for EMA1 ( 25 )
  • Look back period for EMA2 ( 13 )
  • Look back period EMA3 ( 7 )
CMMB: Moving Window Money Flow

This indicator is based on the Large Effective Volume of a large set of US stocks. All stocks with an average volume of at least 1 million participate in the indicator.

Parameters (default value)

  • window size ( 20 )
  • Look back SMA period ( 20 )
CMMB: AAII Bullish Sentiment

AAII does a weekly survey and publishes weekly bullish, bearish and neutral investor sentiment. This indicator shows the Bullish Sentiment.

CMMB: AAII Bearish Sentiment

AAII does a weekly survey and publishes weekly bullish, bearish and neutral investor sentiment. This indicator shows the bearish sentiment.

CMMB: AAII All Sentiment

AAII does a weekly survey and publishes weekly bullish, bearish and neutral investor sentiment. This indicator shows the bullish, bearish and neutral sentiment.

Modified Chartmill Value Indicator

A modified version of the ChartMill Value indicator, based on work by Brian Johnson.

Parameters (default value)

  • Look back period ( 5 )
Price Percentage Oscillator(PPO)

The percentage price oscillator (PPO) is a technical momentum indicator that shows the relationship between two moving averages.

Parameters (default value)

  • Look back period EMA1 ( 12 )
  • Look back period EMA2 ( 26 )
  • Look back period Signal line ( 9 )
Larry Williams WVAD

A variable Accumulation/Distribution indicator, developed by Larry Williams.

Dynamic RSI

The RSI value line on the Dynamic RSI indicator is exactly the same as the RSI value on the regular RSI indicator. The overbought and oversold levels are not fixed, but determined by Bollinger bands around the RSI value line.

Parameters (default value)

  • RSI Look back period ( 14 )
  • Bollinger Look back period ( 20 )
Chartmill Relative Strength

Displays the historical ChartMill Relative Strength Value on the chart.

Chartmill Weinstein Stage Indicator

Displays the current and historical Weinstein stage on the chart.

Chartmill Weinstein Stage Length Indicator

Displays the length of the current and historical Weinstein stages on the chart.

Chartmill Setup Rating

Displays the current and historical values of the ChartMill Setup Rating on the chart.

Chartmill Technical Rating

Displays the current and historical values of the ChartMill Technical Rating on the chart.

Aroon

The Aroon indicator is a technical indicator that is used to identify trend changes in the price of an asset, as well as the strength of that trend.

Parameters (default value)

  • Look back period ( 25 )
Aroon Oscillator

An Aroon Oscillator is a trend-following indicator that uses aspects of the Aroon Indicator to gauge the strength of a current trend and the likelihood that it will continue.

Parameters (default value)

  • Look back period ( 25 )
Commodity Channel Index

Parameters (default value)

  • Look back period ( 20 )