ChartSchool chart_analysis
https://school.stockcharts.com/
2020-08-05T07:37:45+0000ChartSchool
https://school.stockcharts.com/
https://school.stockcharts.com/lib/tpl/scc2/images/favicon.icotext/html2019-09-07T00:05:37+0000Anonymous (anonymous@undisclosed.example.com)Andrews' Pitchfork
https://school.stockcharts.com/doku.php?id=chart_analysis:andrews_pitchfork&rev=1567814737&do=diff
Andrews' Pitchfork
Introduction
Developed by Alan Andrews, Andrews' Pitchfork is a trend channel tool consisting of three lines; a median trend line in the center with two parallel equidistant trend lines on either side. These lines are drawn by selecting three points, usually based on reaction highs or lows moving from left to right on the chart. As with normal trend lines and channels, the outside trend lines mark potential support and resistance areas. A trend remains in place as long as th…text/html2019-06-24T19:38:55+0000Anonymous (anonymous@undisclosed.example.com)Arms CandleVolume
https://school.stockcharts.com/doku.php?id=chart_analysis:arms_candlevolume&rev=1561405135&do=diff
Arms CandleVolume
Introduction
Arms CandleVolume charts merge candlesticks and EquiVolume to create a price chart that focuses on volume, the price range, and the candlestick. EquiVolume charts are the brainchild of Richard Arms, creator of the Arms Index (aka TRIN). Arms CandleVolume charts came about after a conversation between Richard Arms and Chip Anderson. In a nutshell, Arms was not entirely happy with CandleVolume charts because they did not emphasize the high-low range enough. Now, wi…text/html2019-06-24T19:38:53+0000Anonymous (anonymous@undisclosed.example.com)Candlestick Bearish Reversal Patterns
https://school.stockcharts.com/doku.php?id=chart_analysis:candlestick_bearish_reversal_patterns&rev=1561405133&do=diff
Candlestick Bearish Reversal Patterns
There are dozens of bearish reversal patterns. We have elected to narrow the field by selecting a few of the most popular patterns for detailed explanations. For a complete list of bearish and bullish reversal patterns, see Greg Morris' book,text/html2019-06-24T19:38:55+0000Anonymous (anonymous@undisclosed.example.com)Candlestick Bullish Reversal Patterns
https://school.stockcharts.com/doku.php?id=chart_analysis:candlestick_bullish_reversal_patterns&rev=1561405135&do=diff
Candlestick Bullish Reversal Patterns
There are dozens of bullish reversal candlestick patterns. We have elected to narrow the field by selecting the most popular for detailed explanations. Below are some of the key bullish reversal patterns with the number of candlesticks required in parentheses.text/html2019-06-24T19:38:54+0000Anonymous (anonymous@undisclosed.example.com)Candlestick Pattern Dictionary
https://school.stockcharts.com/doku.php?id=chart_analysis:candlestick_pattern_dictionary&rev=1561405134&do=diff
Candlestick Pattern Dictionary
Our Candlestick Pattern Dictionary provides brief descriptions of many common candlestick patterns.
Abandoned Baby
A rare reversal pattern characterized by a gap followed by a Doji, which is then followed by another gap in the opposite direction. The shadows on the Doji must completely gap below or above the shadows of the first and third day.text/html2019-06-24T19:38:54+0000Anonymous (anonymous@undisclosed.example.com)Candlesticks and Resistance
https://school.stockcharts.com/doku.php?id=chart_analysis:candlesticks_and_resistance&rev=1561405134&do=diff
Candlesticks and Resistance
Single candlesticks and candlestick patterns can be used to confirm or mark resistance levels. Such a resistance level could be new after an extended advance, or an existing resistance level confirmed within a trading range. In a trading range, candlesticks can help identify entry points to sell near resistance or buy neartext/html2019-06-24T19:38:55+0000Anonymous (anonymous@undisclosed.example.com)Candlesticks and Support
https://school.stockcharts.com/doku.php?id=chart_analysis:candlesticks_and_support&rev=1561405135&do=diff
Candlesticks and Support
Single candlesticks and candlestick patterns can be used to confirm or mark support levels. Such a support level could be formed after an extended decline, or it could be a confirmation of a previous support level. In a trading range, candlesticks can help choose entry points for buying near support and selling neartext/html2019-06-24T19:38:55+0000Anonymous (anonymous@undisclosed.example.com)Candlesticks and Traditional Chart Analysis
https://school.stockcharts.com/doku.php?id=chart_analysis:candlesticks_and_traditional_chart_analysis&rev=1561405135&do=diff
Candlesticks and Traditional Chart Analysis
Introduction
In addition to their own merits as a charting system, Japanese candlesticks can also function as confirmation for signals generated by other technical analysis techniques. In this article, we will examine the ways candlesticks interact with moving averages, breakout signals, head & shoulders patterns and volume, forming mutually beneficial relationships that strengthen investors' confidence in their observations.text/html2019-06-24T19:38:53+0000Anonymous (anonymous@undisclosed.example.com)CandleVolume
https://school.stockcharts.com/doku.php?id=chart_analysis:candlevolume&rev=1561405133&do=diff
CandleVolume
Introduction
As its name implies, CandleVolume charts merge volume into candlesticks. This allows chartists to analyze both price action and volume with one look at the price chart. CandleVolume charts are similar to EquiVolume charts, but offer more information because candlesticks are used instead of high-low boxes. This means chartists can see the open and close for each period, as well as the high and the low. CandleVolume charts can be used just like normal charts. Chartists …text/html2019-06-24T19:38:55+0000Anonymous (anonymous@undisclosed.example.com)Chart Patterns
https://school.stockcharts.com/doku.php?id=chart_analysis:chart_patterns&rev=1561405135&do=diff
Chart Patterns
Below is a list of common chart patterns that can be useful in Technical Analysis. Please see the Introduction to Chart Patterns article for more details on how to use chart patterns when analyzing a chart.
Click on a chart pattern name below to learn more about that pattern.text/html2019-09-07T00:02:26+0000Anonymous (anonymous@undisclosed.example.com)Cycles
https://school.stockcharts.com/doku.php?id=chart_analysis:cycle_lines&rev=1567814546&do=diff
Cycles
Introduction
A cycle is an event, such as a price high or low, which repeats itself on a regular basis. Cycles exist in the economy, in nature and in financial markets. The basic business cycle encompasses an economic downturn, bottom, economic upturn, and top. Cycles in nature include the four seasons and solar activity (11 years). Cycles are also part of technical analysis of the financial markets. Cycle theory asserts that cyclical forces, both long and short, drive price movements i…text/html2019-06-24T19:38:55+0000Anonymous (anonymous@undisclosed.example.com)Elder Impulse System
https://school.stockcharts.com/doku.php?id=chart_analysis:elder_impulse_system&rev=1561405135&do=diff
Elder Impulse System
Introduction
The Elder Impulse System was designed by Alexander Elder and featured in his book, Come Into My Trading Room. According to Elder, “the system identifies inflection points where a trend speeds up or slows down”. The Impulse System is based on two indicators, a 13-day exponential moving average and thetext/html2019-06-24T19:38:54+0000Anonymous (anonymous@undisclosed.example.com)EquiVolume
https://school.stockcharts.com/doku.php?id=chart_analysis:equivolume&rev=1561405134&do=diff
EquiVolume
Introduction
Developed by Richard W. Arms Jr., EquiVolume is a price plot that incorporates volume into each period. EquiVolume charts look similar to candlestick charts, but the candlesticks are replaced with EquiVolume boxes that can be square or rectangle.text/html2019-09-07T00:04:22+0000Anonymous (anonymous@undisclosed.example.com)Fibonacci Arcs
https://school.stockcharts.com/doku.php?id=chart_analysis:fibonacci_arcs&rev=1567814662&do=diff
Fibonacci Arcs
Introduction
Fibonacci Arcs are half circles that extend out from a trend line. The first and third arcs are based on the Fibonacci ratios .382 (38.2%) and .618 (61.8%), respectively, which are often rounded to 38% and 62%. The middle arc is set at .50 or 50%. After an advance, Fibonacci Arcs are measured using atext/html2019-09-07T00:04:59+0000Anonymous (anonymous@undisclosed.example.com)Fibonacci Fans
https://school.stockcharts.com/doku.php?id=chart_analysis:fibonacci_fan&rev=1567814699&do=diff
Fibonacci Fans
Introduction
Fibonacci Fan lines are trend lines based on Fibonacci retracement points. Rising fan lines extend up from a trough and pass through retracement based on the advance (trough to peak). These fan lines can then be used to estimate support levels or potential reversal zones. Falling fan lines extend down from a peak and pass through retracements based on the decline (peak to trough). These fan lines can then be used to estimate resistance levels or potential reversal z…text/html2019-09-07T00:03:29+0000Anonymous (anonymous@undisclosed.example.com)Fibonacci Retracements
https://school.stockcharts.com/doku.php?id=chart_analysis:fibonacci_retracemen&rev=1567814609&do=diff
Fibonacci Retracements
Introduction
Fibonacci Retracements are ratios used to identify potential reversal levels. These ratios are found in the Fibonacci sequence. The most popular Fibonacci Retracements are 61.8% and 38.2%. Note that 38.2% is often rounded to 38% and 61.8 is rounded to 62%. After an advance, chartists apply Fibonacci ratios to define retracement levels and forecast the extent of a correction or pullback. Fibonacci Retracements can also be applied after a decline to forecast t…text/html2019-09-07T00:06:15+0000Anonymous (anonymous@undisclosed.example.com)Fibonacci Time Zones
https://school.stockcharts.com/doku.php?id=chart_analysis:fibonacci_time_zones&rev=1567814775&do=diff
Fibonacci Time Zones
Introduction
Fibonacci Time Zones are vertical lines based on the Fibonacci Sequence. These lines extend along the X axis (date axis) as a mechanism to forecast reversals based on elapsed time. A major low or high is often chosen as the starting point. Distances start relatively small and grow as the Fibonacci Sequence extends. Chartists can extend the Fibonacci Time Zones into the future to anticipate potential reversal points.text/html2019-06-24T19:38:54+0000Anonymous (anonymous@undisclosed.example.com)Gaps and Gap Analysis
https://school.stockcharts.com/doku.php?id=chart_analysis:gaps_and_gap_analysis&rev=1561405134&do=diff
Gaps and Gap Analysis
Introduction
Price charts often have blank spaces known as gaps, which represent times when no shares were traded within a particular price range. Normally this occurs between the close of the market on one day and the next day's open. There are two primary kinds of gaps -text/html2019-06-24T19:38:54+0000Anonymous (anonymous@undisclosed.example.com)Heikin-Ashi
https://school.stockcharts.com/doku.php?id=chart_analysis:heikin_ashi&rev=1561405134&do=diff
Heikin-Ashi
Introduction
Heikin-Ashi Candlesticks are an offshoot from Japanese candlesticks. Heikin-Ashi Candlesticks use the open-close data from the prior period and the open-high-low-close data from the current period to create a combo candlestick. The resulting candlestick filters out some noise in an effort to better capture the trend. In Japanese,text/html2019-06-24T19:38:54+0000Anonymous (anonymous@undisclosed.example.com)Introduction to Candlesticks
https://school.stockcharts.com/doku.php?id=chart_analysis:introduction_to_candlesticks&rev=1561405134&do=diff
Introduction to Candlesticks
History
The Japanese began using technical analysis to trade rice in the 17th century. While this early version of technical analysis was different from the US version initiated by Charles Dow around 1900, many of the guiding principles were very similar:text/html2019-06-24T19:38:54+0000Anonymous (anonymous@undisclosed.example.com)Introduction to Chart Patterns
https://school.stockcharts.com/doku.php?id=chart_analysis:introduction_to_chart_patterns&rev=1561405134&do=diff
Introduction to Chart Patterns
Introduction
There are hundreds of thousands of market participants buying and selling securities for a wide variety of reasons: hope of gain, fear of loss, tax consequences, short-covering, hedging, stop-loss triggers, price target triggers, fundamental analysis, technical analysis, broker recommendations and a few dozen more. Trying to figure out why participants are buying and selling can be a daunting process. Chart patterns put all buying and selling into pe…text/html2019-06-24T19:38:54+0000Anonymous (anonymous@undisclosed.example.com)Kagi Charts
https://school.stockcharts.com/doku.php?id=chart_analysis:kagi&rev=1561405134&do=diff
Kagi Charts
Introduction
As with Point & Figure charts, Kagi charts are based strictly on price action and ignore time. According to Steve Nison, author of Beyond Candlesticks, Kagi charts were invented in the late 19th century in Japan. Instead of X-Columns and O-Columns, Kagi charts are simply line charts that change direction when prices move by a required amount. There is also the added aspect of yin and yang as the lines change thickness when prices break above a prior high or below a pri…text/html2019-09-06T23:56:36+0000Anonymous (anonymous@undisclosed.example.com)MarketCarpets
https://school.stockcharts.com/doku.php?id=chart_analysis:marketcarpets&rev=1567814196&do=diff
MarketCarpets
Introduction
Understanding what is happening in the market from a technical perspective can involve looking at lots of charts. There are charts of high-level composites and averages, sector indices and industry indices, not to mention the charts of individual stocks themselves. Stock scans can often reduce the number of charts that an analyst must look at, but they always leave you wondering,text/html2019-06-24T19:38:55+0000Anonymous (anonymous@undisclosed.example.com)Point & Figure Charting
https://school.stockcharts.com/doku.php?id=chart_analysis:pnf_charts&rev=1561405135&do=diff
Point & Figure Charting
P&F Basics
* Introduction to Point & Figure Charts - This article shows how to construct P&F charts with a step-by-step example. Users will learn how to identify support and resistance as well as how to draw P&F trend lines.
* P&F Scaling and Timeframes - This in-depth article explores how to use different price intervals to choose a charting timeframe. Intraday intervals can be used for medium-term timeframes, while daily intervals are often best for long-term…text/html2019-09-07T00:11:53+0000Anonymous (anonymous@undisclosed.example.com)Quadrant Lines
https://school.stockcharts.com/doku.php?id=chart_analysis:quadrant_lines&rev=1567815113&do=diff
Quadrant Lines
Introduction
Quadrant Lines divide the high-low range into four equal sections. There are five lines and four quadrants. The top line marks the high, the bottom line marks the low and the other three lines form the quadrants. The middle linetext/html2019-09-07T00:11:21+0000Anonymous (anonymous@undisclosed.example.com)Raff Regression Channel
https://school.stockcharts.com/doku.php?id=chart_analysis:raff_regression_chan&rev=1567815081&do=diff
Raff Regression Channel
Introduction
Developed by Gilbert Raff, the Raff Regression Channel is a linear regression with evenly spaced trend lines above and below. The width of the channel is based on the high or low that is the furthest from the linear regression. The trend is up as long as pricestext/html2019-06-24T19:38:53+0000Anonymous (anonymous@undisclosed.example.com)Renko Charts
https://school.stockcharts.com/doku.php?id=chart_analysis:renko&rev=1561405133&do=diff
Renko Charts
Introduction
Invented in Japan, Renko charts ignore time and focus solely on price changes that meet a minimum requirement. In this regard, these charts are quite similar to Point & Figure charts. Instead of X-Columns and O-Columns, Renko charts use pricetext/html2019-09-07T00:25:48+0000Anonymous (anonymous@undisclosed.example.com)Relative Rotation Graphs (RRG Charts)
https://school.stockcharts.com/doku.php?id=chart_analysis:rrg_charts&rev=1567815948&do=diff
Relative Rotation Graphs (RRG Charts)
Introduction
Relative Rotation Graphs, commonly referred to as RRGs, are a unique visualization tool for relative strength analysis. Chartists can use RRGs to analyze the relative strength trends of several securities against a common benchmark, and against each other. The real power of this tool is its ability to plot relative performance on one graph and show true rotation. We have all heard of sector and asset class rotation, but it is hard to visualiz…text/html2019-09-07T00:26:08+0000Anonymous (anonymous@undisclosed.example.com)Seasonality Charts
https://school.stockcharts.com/doku.php?id=chart_analysis:seasonality&rev=1567815968&do=diff
Seasonality Charts
Introduction
Seasonality is the tendency for securities to perform better during some time periods and worse during others. These periods can be days of the week, months of the year, six-month stretches or even multi-year timeframes. For example, Yale Hirsh of thetext/html2019-09-07T00:10:23+0000Anonymous (anonymous@undisclosed.example.com)Speed Resistance Lines
https://school.stockcharts.com/doku.php?id=chart_analysis:speed_resistance_lin&rev=1567815023&do=diff
Speed Resistance Lines
Introduction
Developed by Edson Gould, Speed Resistance Lines, sometimes referred to as Speedlines, are trend lines based on 1/3 and 2/3 retracements. Gould was a prominent market technician who became quite famous for his market calls in the 60s and 70s. Gould appeared ontext/html2019-06-24T19:38:55+0000Anonymous (anonymous@undisclosed.example.com)Support and Resistance
https://school.stockcharts.com/doku.php?id=chart_analysis:support_and_resistance&rev=1561405135&do=diff
Support and Resistance
Introduction
Support and resistance represent key junctures where the forces of supply and demand meet. In the financial markets, prices are driven by excesses of supply (down) and demand (up). Supply is synonymous with bearish, bears and selling. Demand is synonymous with bullish, bulls and buying. These terms are used interchangeably throughout this and other articles. As demand increases, prices advance and as supply increases, prices decline. When supply and demand a…text/html2019-06-24T19:38:55+0000Anonymous (anonymous@undisclosed.example.com)Three Line Break Charts
https://school.stockcharts.com/doku.php?id=chart_analysis:three_line_break&rev=1561405135&do=diff
Three Line Break Charts
Introduction
Invented in Japan, Three Line Break charts ignore time and only change when prices move a certain amount (similar to Point & Figure Charts). Three Line Break charts show a series of vertical white and black lines; the white lines represent rising prices, while the black lines portray falling prices. Prices continue in the same direction until a reversal is warranted.text/html2019-06-24T19:38:53+0000Anonymous (anonymous@undisclosed.example.com)Trend Lines
https://school.stockcharts.com/doku.php?id=chart_analysis:trend_lines&rev=1561405133&do=diff
Trend Lines
As technical analysis is built on the assumption that prices trend, the use of trend lines is important for both trend identification and confirmation. A trend line is a straight line that connects two or more price points and then extends into the future to act as a line of support or resistance. Many of the principles applicable to support and resistance levels can be applied to trend lines as well. It is important that you understand all of the concepts presented in ourtext/html2019-06-24T19:38:53+0000Anonymous (anonymous@undisclosed.example.com)What Are Charts?
https://school.stockcharts.com/doku.php?id=chart_analysis:what_are_charts&rev=1561405133&do=diff
What Are Charts?
Introduction
A price chart is a sequence of prices plotted over a specific timeframe. In statistical terms, charts are referred to as time series plots.
[International Business Machines (IBM) example chart from StockCharts.com]
On the chart, the y-axis (vertical axis) represents the price scale and the x-axis (horizontal axis) represents the time scale. Prices are plotted from left to right across the x-axis, with the most recent plot being the furthest right. The price plot…text/html2019-12-04T18:31:46+0000Anonymous (anonymous@undisclosed.example.com)Yield Curve
https://school.stockcharts.com/doku.php?id=chart_analysis:yield_curve&rev=1575484306&do=diff
Yield Curve
A yield curve is a graphical representation of yields on bonds with different maturities. The most common example is the government bond yield curve, but it is very well possible to render a yield curve for other types of bonds, such as corporate bonds, high yield bonds, etc.