Embed Size (px)
DESCRIPTION
hfgcfr
Citation preview
User ManualVersion 3.0.6
i
Copyright c© 2004-2010 FiNEX Solutions
All rights reserved. No part of this document may be reproduced in anyform or by any electronic or mechanical mean, including information stor-age and retrieval systems, without permission in writing from FiNEX So-lutions Pte. Ltd (“FiNEX Solutions”).
Limitations of Liability/Disclaimer of Warranty
FiNEX Solutions makes no representation or warranty including, but notlimited to the accuracy or completeness of the contents of this documentand specifically disclaim all warranties, including without limitation war-ranty of fitness for a particular purpose. No warranty may be created orextended by sales or promotional materials.
This document is provided with the understanding that it is for personal ed-ucational reference, to assist you in better understanding of the ChartNexussoftware system. If you require professional assistance or investment ad-vice, you are strongly advised to engage the services of a competent finan-cial adviser.
FiNEX Solutions shall not be held liable for damages arising here from.The fact that an organization or a website is referred to in this document asa citation and/or a potential source for further information does not meanthat FiNEX Solutions endorses the information or recommendations madeby the organization or the website. Further, you should be aware that theInternet websites listed in this document may have changed or disappearedbetween when this document was written and when you read it.
For general information and updates on our products and services, pleasevisit our web site at http://www.chartnexus.com.
Trademarks
ChartNexus is a registered trademark; XPertTrader, XPertTrader TestDrive,XPertTrader Indicators, XPertTrader Candlesticks, ChartMaker, IndexCre-ator are trademarks of FiNEX Solutions and may not be used without writ-ten permission. All other trademarks are the property of their respectiveowners.
ii
About FiNEX Solutions
FiNEX Solutions is the developer of ChartNexus financial charting soft-ware. Established since 2004 and based in Singapore, FiNEX Solutions hasbeen pushing the frontier of financial charting including the introduction ofon-demand add-on modules. The add-ons extend the capability of Chart-Nexus to include historical data, backtesting, screening, pattern recognitionand more. Besides specializing in application development, FiNEX Solu-tions provides a complete range of products and services including data ser-vices, web-based charting solutions, consultancy on integration of financialcharting systems, education and training and other solutions.
For more information, please contact [email protected].
Preface
Born in July 2004, ChartNexus was conceived much earlier before weformed our company FiNEX Solutions. It was then in February 2005 thatwe started distributing version 1.0 free-of-charge for personal use to every-one.
Since then, ChartNexus has grown to include many functionalities and im-proved usability. This is in part credited to the continuous contributionsby many of the early adopters who emailed us with their suggestions andfeedback. We thank you !
As we continue our sculpting of ChartNexus, we felt it was critical to ex-plain to you about the features and functionalities so that you can get thebest out of ChartNexus.
In addition to this manual, we have setup some learning resources at ourwebsite http://www.chartnexus.com/learning/.
If you discover any error in this document or any of the resources, kindlydrop us a mail about it [email protected], it will certainly benefitothers.
We hope that you find all these services and resources useful in helping youto become a better chartist, trader or investor.
If you have any ideas, comments or feedback on how we can improve ourproducts and services, we love to hear from you ! Talk to us at [email protected].
Happy Charting !
iii
iv
Always Our Best,ChartNexus Team
Table of Contents
1 About ChartNexus 3
1.1 What Is ChartNexus ? . . . . . . . . . . . . . . . . . . . . 4
1.2 Why Use ChartNexus ? . . . . . . . . . . . . . . . . . . . 5
1.3 Develop Your Winning Strategy . . . . . . . . . . . . . . 9
2 Getting Started 12
2.1 System Requirements . . . . . . . . . . . . . . . . . . . . 12
2.2 Sign Up Free Account . . . . . . . . . . . . . . . . . . . 12
2.3 Installing ChartNexus . . . . . . . . . . . . . . . . . . . . 14
2.4 Setting Data Folder . . . . . . . . . . . . . . . . . . . . . 16
2.5 Starting ChartNexus . . . . . . . . . . . . . . . . . . . . . 18
2.6 Upgrading ChartNexus . . . . . . . . . . . . . . . . . . . 19
2.7 Uninstall ChartNexus from Cache . . . . . . . . . . . . . 19
2.8 Getting Help . . . . . . . . . . . . . . . . . . . . . . . . . 22
3 Introduction 24
3.1 Splash Window . . . . . . . . . . . . . . . . . . . . . . . 24
3.2 Working Windows . . . . . . . . . . . . . . . . . . . . . 26
v
TABLE OF CONTENTS vi
3.3 Menu Bar . . . . . . . . . . . . . . . . . . . . . . . . . . 27
3.4 Tool Bar . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
3.5 Drawing Tools . . . . . . . . . . . . . . . . . . . . . . . . 29
3.6 Listings & Watchlists . . . . . . . . . . . . . . . . . . . . 29
3.7 Chart Area . . . . . . . . . . . . . . . . . . . . . . . . . . 29
3.8 News Bar . . . . . . . . . . . . . . . . . . . . . . . . . . 30
4 Managing Windows 31
4.1 Open Or Close Window . . . . . . . . . . . . . . . . . . . 31
4.2 Adjust Window Size . . . . . . . . . . . . . . . . . . . . 32
4.3 Full-size Window . . . . . . . . . . . . . . . . . . . . . . 32
4.4 Move Window . . . . . . . . . . . . . . . . . . . . . . . . 33
4.5 Minimize Window . . . . . . . . . . . . . . . . . . . . . 34
4.6 Show/Hide Window . . . . . . . . . . . . . . . . . . . . . 34
4.7 Always-on-top Window . . . . . . . . . . . . . . . . . . . 35
4.8 Arrange Windows . . . . . . . . . . . . . . . . . . . . . . 36
5 Working With Data 37
5.1 Information On Data . . . . . . . . . . . . . . . . . . . . 37
5.1.1 Market data available . . . . . . . . . . . . . . . . 37
5.1.2 Data adjustments . . . . . . . . . . . . . . . . . . 38
5.1.3 Data adjustment events . . . . . . . . . . . . . . . 40
5.1.4 Data Adjustment Settings(On/Off) . . . . . . . . . 41
5.2 Login To Data Server . . . . . . . . . . . . . . . . . . . . 43
5.3 Downloading or Updating Data . . . . . . . . . . . . . . . 44
TABLE OF CONTENTS vii
5.4 Forcing Data Download . . . . . . . . . . . . . . . . . . . 45
5.5 Using From Office Or Behind Firewall . . . . . . . . . . . 46
5.6 (Re-)Installing Data . . . . . . . . . . . . . . . . . . . . . 47
5.7 Fixing Data . . . . . . . . . . . . . . . . . . . . . . . . . 49
5.8 Changing Data Downloading Settings . . . . . . . . . . . 50
6 Working With Charts 52
6.1 Opening and Closing Stock Chart . . . . . . . . . . . . . 54
6.1.1 Open chart . . . . . . . . . . . . . . . . . . . . . 54
6.1.2 Close chart . . . . . . . . . . . . . . . . . . . . . 55
6.2 Tiling Chart Windows . . . . . . . . . . . . . . . . . . . . 55
6.3 Price and Volume . . . . . . . . . . . . . . . . . . . . . . 56
6.4 Viewing in Different Time Frame . . . . . . . . . . . . . . 57
6.5 Viewing in Different Chart Types . . . . . . . . . . . . . . 58
6.6 Adding Comments and Drawing onto Charts . . . . . . . . 59
6.7 Fibonacci Tools . . . . . . . . . . . . . . . . . . . . . . . 60
6.8 Drawing Shapes . . . . . . . . . . . . . . . . . . . . . . . 61
6.9 Repositioning Chart Item . . . . . . . . . . . . . . . . . . 62
6.10 Removing Chart Item . . . . . . . . . . . . . . . . . . . . 63
6.11 Redoing and Undoing . . . . . . . . . . . . . . . . . . . . 64
6.12 Zooming Chart . . . . . . . . . . . . . . . . . . . . . . . 64
6.13 Scrolling Chart . . . . . . . . . . . . . . . . . . . . . . . 65
6.14 Navigating Chart . . . . . . . . . . . . . . . . . . . . . . 66
6.14.1 Navigate forward or backward . . . . . . . . . . . 66
6.14.2 Use scroll to navigate . . . . . . . . . . . . . . . . 66
TABLE OF CONTENTS viii
6.14.3 Enlarge or shrink viewing period . . . . . . . . . . 67
6.15 Resizing Chart . . . . . . . . . . . . . . . . . . . . . . . 67
6.16 Changing Color Settings . . . . . . . . . . . . . . . . . . 68
6.16.1 Changing indicators colors . . . . . . . . . . . . . 68
6.16.2 Change item color . . . . . . . . . . . . . . . . . 71
6.16.3 Change chart color . . . . . . . . . . . . . . . . . 73
6.17 Capturing and Printing Chart . . . . . . . . . . . . . . . . 77
6.18 Performance Chart . . . . . . . . . . . . . . . . . . . . . 79
7 Technical Indicators 82
7.1 Applying Indicators with Indicator Templates . . . . . . . 83
7.2 Changing Indicator Parameter Setting . . . . . . . . . . . 85
7.3 Removing A Customized Indicator . . . . . . . . . . . . . 86
7.4 Changing Colors Indicators . . . . . . . . . . . . . . . . . 87
8 Supplemental Tools 88
8.1 Search Tool . . . . . . . . . . . . . . . . . . . . . . . . . 88
8.2 Watch List . . . . . . . . . . . . . . . . . . . . . . . . . . 89
8.2.1 Creating new watch list . . . . . . . . . . . . . . . 90
8.2.2 Removing watch list . . . . . . . . . . . . . . . . 90
8.2.3 Adding stocks to watch list . . . . . . . . . . . . . 91
8.2.4 Removing stocks from watch list . . . . . . . . . . 92
8.3 Brokerage Fee Profile . . . . . . . . . . . . . . . . . . . . 92
8.4 Spread Calculator . . . . . . . . . . . . . . . . . . . . . . 94
8.4.1 Editing brokerage fee . . . . . . . . . . . . . . . . 95
TABLE OF CONTENTS ix
8.4.2 Selling a stock . . . . . . . . . . . . . . . . . . . 96
8.4.3 Buying a stock . . . . . . . . . . . . . . . . . . . 96
8.5 Notes . . . . . . . . . . . . . . . . . . . . . . . . . . . . 97
8.5.1 Adding, editing & removing notes . . . . . . . . . 97
8.5.2 Retrieving notes all-at-once . . . . . . . . . . . . 98
8.6 Managing Portfolio . . . . . . . . . . . . . . . . . . . . . 99
8.6.1 Managing portfolios . . . . . . . . . . . . . . . . 99
8.6.2 Managing holdings . . . . . . . . . . . . . . . . . 100
8.6.3 Managing transactions . . . . . . . . . . . . . . . 100
8.7 Workspace . . . . . . . . . . . . . . . . . . . . . . . . . . 101
8.7.1 Opening workspace file . . . . . . . . . . . . . . . 102
8.7.2 Saving as workspace file . . . . . . . . . . . . . . 102
8.7.3 Renaming a workspace file . . . . . . . . . . . . . 103
8.7.4 Removing selected workspace file . . . . . . . . . 103
8.7.5 Searching or filtering workspace file . . . . . . . . 103
8.8 Custom Indices . . . . . . . . . . . . . . . . . . . . . . . 103
8.9 Reporting Error . . . . . . . . . . . . . . . . . . . . . . . 105
8.10 ChartNexus News & Announcements . . . . . . . . . . . 107
9 Add-ons 108
9.1 What Are Add-ons ? . . . . . . . . . . . . . . . . . . . . 108
9.2 Benefits of Using Add-ons . . . . . . . . . . . . . . . . . 108
9.3 Add-ons Available . . . . . . . . . . . . . . . . . . . . . 109
9.4 How To Subscribe ? . . . . . . . . . . . . . . . . . . . . . 110
TABLE OF CONTENTS x
10 Frequently Asked Questions (FAQs) 111
10.1 For Newcomer . . . . . . . . . . . . . . . . . . . . . . . 111
10.2 Login And Password . . . . . . . . . . . . . . . . . . . . 112
10.3 Setup Or Installation . . . . . . . . . . . . . . . . . . . . 113
10.4 Connecting To Server . . . . . . . . . . . . . . . . . . . 114
10.5 Data Issue (download/update/adjustment) . . . . . . . . . 115
10.6 Reporting Error . . . . . . . . . . . . . . . . . . . . . . . 116
11 Keyboard Shortcuts 119
12 Glossary 121
13 Graphical User Interface (GUI) Glossary 145
Release Notes
ChartNexus Version 3.0.6 contains the following changes:
• New: More market data added from other countries, e.g. China, Philip-pines, Thailand, Vietnam and Taiwan.
• New: Price adjustments can now be turned on/off.
• New: Added Risk-Reward Ratio calculator.
• New: Support 3 selections of languages, i.e. English, Simplified Chi-nese and Traditional Chinese.
• New: ChartNexus V3 is launched with JNLP, supporting direct execu-tion of ChartNexus program from other OS, e.g. Mac OS X, Linux,etc.
• New: [XPertTrader] Added ”Ichimoku crossing rule”, ”Position ofPrice and Lagging Span”.
• Update: Change of bid size for KLSE (Bursa) market.
• Enhancement: Change default working folder as ”ChartNexus” ratherthan ”.ChartNexus” for higher compatibility in some operating sys-tems.
• Improvement: Better storage method for user files (e.g. portfolio,watchlist, indicator templates), making backup and restore simpler aswell as less prone to corruption.
1
TABLE OF CONTENTS 2
• Improvement: [XPertTrader] Candlestick library will now load fasterand more robust.
• Fix: Corrected chart display for users in other timezone, e.g. GMT-8(US) or any other regions.
• Fix: User login process was wrongly reporting about firewall beingturned on.
Happy Charting !
Always Our Best,ChartNexus Team
Chapter 1
About ChartNexus
“A picture speaks a thousand words”, a well-known adage that speaks thevirtue of picture and the wealth of information that it contains and conveys.
In the interesting world of equity market where the law of supply and de-mand dictates the direction of an equity instrument (e.g. stock) and themarket where the buyer and seller often wrestle with each other on theprice of the equity. And then there are cases when both parties decide tostay on the sideline due to lack of interest or fresh leads.
In any case, when we plot the chart based on the opening and closing priceand the volume transacted, it became clear that we can visualize and ob-serve the action going on, of course as to what is really going on, that isstill open for interpretation.
This has lead to the adoption of Technical Analysis (TA) which includescharting, various forms of simple and highly sophisticated technical indi-cators, Japanese candlesticks among investors and traders, fund managersaround the world in their short-term, mid-term or long-term investmentdecision-making. They use TA to better understand market behavior (orrather the collective human behavior) to uncover opportunity or shun po-tential losses.
Another reason why TA has been gaining popularity, is because we humanare emotional creatures and can be easily affected emotionally. Emotions
3
1.1. What Is ChartNexus ? 4
such as fear or greed often make us susceptible to irrational exuberance oreven excessive gloom. By employing TA and having them implemented incomputer programs, we can automate and eliminate the emotion out of thedecision making.
Quoting from the famous John Murphy (Philosophy of Technical Analysis),TA is based on the following three premises:
• Market actions discount everything.
• Prices move in trends.
• History repeats itself.
Hence, we believe that equipping you with the prowess of technical analysisat your fingertips, you can chart your way to success!
1.1 What Is ChartNexus ?
ChartNexus is a stand-alone, financial charting software used for analysingthe behaviour of the stock market. It allows you to chart the trend of stocksbased on stock price action. Using Technical Analysis as the underlying ba-sis for the charting tool, you can then make better prediction of the targetedprice for buying or selling stocks.
Designed for investors, traders who want to use functionalities with ease,ChartNexus provides you with a set of indicators and annotation features.With its user-friendly graphical user interface and easy navigation, you canchart stocks that you’re interested in different chart types, set up your ownparameters for the indicators instead of using the default settings and manyother features.
1.2. Why Use ChartNexus ? 5
Figure 1.1: ChartNexus charting window.
1.2 Why Use ChartNexus ?
These are just some we could think of, you probably can come up withmore once you started using it:
• User-friendlyWe are crazy about usability and aesthetics. If a feature is too hard touse, we will change it, re-code it, re-layout, whatever it takes to makeit work. Having a practical, intuitive and easy-to-use tool is all thatmatter.
1.2. Why Use ChartNexus ? 6
• Power to customizeChartNexus comes with a set of customizable and commonly usedtechnical indicators (i.e. MACD, Stochastic), trend-lines drawing ca-pabilities (i.e. arrow lines, Fibonacci lines). You can customize theparameters for all the indicators included.
• Drawing toolboxDrawing toolbox provides you with a set of tools for annotating, draw-ing lines, shapes and adding text on to the displayed chart.
Figure 1.2: Drawing toolbox for you to annotate and draw lines or shapeson your chart.
• Data automatically downloadedDaily EOD is automatically downloaded to your computer when youconnect to our server. You don’t even need to bother about getting thedata, formating and then organizing it.
• Online or offline modeWith ChartNexus, you can use it in online or offline mode. In fact,except for the case when you need to get the latest data or updates,there is almost no need for you to stay online. You don’t have to worryabout server not available anymore. With ChartNexus installed on yourcomputer, you can chart anytime, anywhere as you please.
• Latest updates and fixes automatically detectedTo ensure that you are always using the latest version and with all thebugs fixed, ChartNexus will automatically check for updates when youconnect to server and prompt you to install when there is updates orfixes available. Upgrading have never been so easy.
1.2. Why Use ChartNexus ? 7
• Customise and share your workUsing the (Capture Chart) option, you can export your charts in anysizes that you want and share your analysis work with your friends,family members or fellow investors on the web. You can change thecolor scheme of the chart too (background, title, borders etc.) !
• Save your workWith ChartNexus, you can save your analysis on charts (Workspace)and create your own investment notes (Notes) in ChartNexus for futurereferences.
Figure 1.3: Workspace panel to allow saving of chart state.
• Watchlist and portfolio managementYou can create your own watchlists to keep track of the stocks that youare monitoring. You can also create the brokerage fee profiles. Withour portfolio manager, you can manage your portfolio.
1.2. Why Use ChartNexus ? 8
Figure 1.4: Portfolio management.
• Developers are usersWhy is this important ? Well, this makes us think and develop Chart-Nexus to ensure it’s usable. If you face problems or inconvenience, wewill encounter the same too so you can assured that we will resolve orimprove it.
• Save time and moneyTime is priceless. No money can ever reverse back your time lost.Choosing the right software that works for you is important ! We arededicated to make ChartNexus the right software just for you.
1.3. Develop Your Winning Strategy 9
• We are always listeningWe love sharing and we want you to share with us too. In fact, we arealways keen to get your feedback and criticism. We will incorporateyour feedback after our rounds of deliberation. This is how we ensureChartNexus gets better !
1.3 Develop Your Winning Strategy
Whether you are fairly new or already seasoned to Technical Analysis, thebest way to improve your skill is to put all the theories you learned intopractice.
So, how do you go about in developing your winning formula in the stockmarket? In ChartNexus, besides the base system that we provide with theessential tools, we also offer a collection of advanced, value-added toolson monthly subscription basis which we called Add-ons. These Add-onsinclude ChartNexus XPertTrader, historical data and with more coming.
In ChartNexus XPertTrader, there are Rules Composer, Stock Screener andBacktester which allow you to screen and test by candlesticks patterns,technical indicators or general rules.
First, you can compose your own rules from a set of technical indicatorsor candlesticks patterns using Rules Composer. Then put your composedrules to test by using the Backtester to run your buy/sell strategies over thehistorical market. You will then be able to determine the results of yourtrading rules and refine them until you obtain satisfactory results. With thetested rule, you can then apply it to Stock Screener to screen for potentialstocks.
1.3. Develop Your Winning Strategy 10
Figure 1.5: ChartNexus XPertTrader - create rules, backtest and screen .
We organize regular walk-in-workshop or seminars to explain and demoChartNexus and its features especially on ChartNexus XPertTrader. If youare unsure of how to apply the technical indicators or any rules effectively,you are welcome to attend any of the workshops and seminars to horn yourskills. We believe that with a little help from us, you will be able to developyour own winning strategies, take charge of your financial future and notdepending solely on others’ predictions or hearsay.
1.3. Develop Your Winning Strategy 11
For more information on Add-ons, please visithttp://www.chartnexus.com/products/addons.php.
For more information on Events & Workshops, please visithttp://www.chartnexus.com/events.
Chapter 2
Getting Started
In this chapter, we will guide you on how to quickly set up ChartNexus. Wetried our best to simplify and the installation as easy as possible. However,should you have any further questions or any problems during the installa-tion process, check out the various resources listed under Section 2.8.
2.1 System Requirements
To get ChartNexus up and running as quickly and easy as possible, ensurethat your computer system meets the following requirements:
2.2 Sign Up Free Account
Once you have checked that your computer system fulfilled the system re-quirements listed in Table 2.1, download and install ChartNexus followingthese steps:
1. Sign up for an accountSign up for a free account at http://www.chartnexus.com which
12
2.2. Sign Up Free Account 13
Java RuntimeEnvironment(JRE) / JavaDevelopment
Kit (JDK)
JRE or JDK 1.5 or higher version. Ifyou are not sure whether your computerhas this, simply download our bundledinstallation kit from our web site.
Speed ofProcessor
Pentium 1GHz or equivalent upwards
Memory(RAM)
At least 512 megabytes (MB) RAM
DisplayResolution
Super VGA (1024 x 800) or higher
Hard DiskSpace
At least 500MB
Peripherals Mouse and keyboard
InternetConnectivity
Used for downloading stock data. Theconnection can be broadband/dial-up
Table 2.1: System requirements.
will be used for downloading the daily end-of-day (EOD) stock datato your computer. With this free account, you will able to enjoy manyfeatures from ChartNexus, e.g. managing your own portfolio, indicatortemplates and saving charts.
2. Activate your accountAfter signing up, an email containing the activation link will be sent toyour email account that you have registered with us. Click on the linkto activate your account. You may want to check inside your junk mail
2.3. Installing ChartNexus 14
folder in case you didn’t receive the mail.
3. Installing ChartNexusGo to the our web site http://www.chartnexus.com/products/
download.php, and launch ChartNexus setup to install the softwareprogram at your machine. See more in following section.
2.3 Installing ChartNexus
Go to the ChartNexus web site at http://www.chartnexus.com/products/download.php, and you should see our download page as shown in Fig-ure 2.1. Click on the download setup button to launch the installer.
Figure 2.1: The Download Page of ChartNexus.
At the beginning, you will be presented with an installer dialog windowstarting with a language selection (Figure 2.2). Select your preferred lan-guage and press ’Continue’.
2.3. Installing ChartNexus 15
Figure 2.2: Language Selection Dialog at the Beginning of Installation.
Next, you will be prompted a software update window. For the first launch,you must select ’Upgrade Now’ to allow installer to download the Chart-Nexus software program.
2.4. Setting Data Folder 16
Figure 2.3: Autoupdater will automatically check for the latest updates orfixes and prompt you to install.
2.4 Setting Data Folder
In the next screen of installation, you will be prompted with the data folderselection dialog box (as seen in Figure 2.4).
2.4. Setting Data Folder 17
Figure 2.4: Data Folder Setup.
If you are a new user, you are recommend to keep it as default or any otherfolder you want to store data files. Please ensure that this folder is writable.
For existing users of ChartNexus from Version 2.4, you are recommendedto change this data folder to your existing 2.4 data folder, so that you canreuse your files and data from 2.4 again.
After the installation, you may still call the data folder selection box out.Simply go to menu Help / Change Data Folder (Figure 2.5), you will bepromted the box again.
2.5. Starting ChartNexus 18
Figure 2.5: Data Folder Setup from Menu
2.5 Starting ChartNexus
After you have selected (or use the default) data folder, login with the freeaccount that you have registered on our website.
Once you start ChartNexus, you will be presented with the User LoginWindow (see Figure 2.6). Refer to the Chapter : Working With Data underthe section Login to Data Server 5.2 for the steps to update your data to thelatest date.
2.6. Upgrading ChartNexus 19
Figure 2.6: User login window.
2.6 Upgrading ChartNexus
Upgrading ChartNexus is a breeze. Upon each launch of ChartNexus, itwill check for any latest updates including latest version, bug fixes andprompt you to install (Figure 2.3). Your previous settings (including watch-lists, portfolios etc.) will be retained.
NOTE: You do not need to register another new account. Please use backyour same account to login once you have upgraded.
2.7 Uninstall ChartNexus from Cache
Since Version 3.0, CharNexus is installed and launched using a Java tech-nology called Java Web Start (JWS).
To clean existing ChartNexus installation from JWS, you need Java ControlPanel which is accessible from Control Panel in Microsoft Windows (see
2.7. Uninstall ChartNexus from Cache 20
Figure 2.7) or Spotlight in Mac (see Figure 2.8).
Figure 2.7: Control Panel with Java Icon in Windows
Figure 2.8: Launch Java Preferences with Spotlight in Mac
Once you are in Java Control Panel (see Figure 2.9), click on the ’View’
2.7. Uninstall ChartNexus from Cache 21
button under ’Temporary Internet Files’. You will be brought to Java CacheViewer (see Figure 2.10).
Figure 2.9: Java Control Panel View
2.8. Getting Help 22
Figure 2.10: Java Cache Viewer Panel
Then, select ChartNexus entry from the cache list and click on the ’Re-move’ or ’Delete’ button to remove the cache.
2.8 Getting Help
We are always standing by to help you with any problems that you en-counter while using ChartNexus.
1. Online Documentation & Video Clips:http://www.chartnexus.com/learning contains many learning re-sources including articles, video clips, newsletters etc. We highly rec-ommend !
2. Frequently Asked Questions (FAQ):http://www.chartnexus.com/support contains questions and an-swers that are commonly asked by our users.
3. Forum:You are invited to post your questions and comments on our forum at
2.8. Getting Help 23
http://www.chartnexus.com/forum where we share with our com-munity of ChartNexus users.
4. Email:If you are unable to find the answer to your problem, please use theform at http://www.chartnexus.com/support/contactus.php#cform. to contact us. Guaranteed within 24-hour reply !
5. Walk-in-workshop:We organize regular walk-in-workshop to explain and demo Chart-Nexus and its extra features. Be sure to check out our announcements.
6. Telephone, Fax and Address:
Singapore
Phone : (65)6491 1453 OR 6491 1454
Fax : (65)6534 9928
Business Hour : 9:00am to 6:00pm, GMT+8:00, Monday to Friday
Office Address :
15 Enggor Street,
#10-01,
Realty Centre,
Singapore 079716.
Malaysia
Phone : (60)3 2287 5968
Fax : (60)3 2287 5964
Business Hour : 9:00am to 6:00pm, GMT+8:00, Monday to Friday
Office Address :
Suite A-20-13A,
Level 20, Menara UOA Bangsar,
No.5, Jalan Bangsar Utama 1,
59000 Kuala Lumpur, Malaysia.
Chapter 3
Introduction
In this chapter, we will introduce you to the various graphical user interface(GUI) components and windows in ChartNexus so that you will know howto access and navigate properly to maximise your usage of the featuresprovided.
3.1 Splash Window
When you first run ChartNexus after the setup, you will be presented witha splash window as shown in Figure 3.1.
24
3.1. Splash Window 25
Figure 3.1: Splash Window. Will auto-hide itself once ChartNexus finishedloading the necessary components.
The following information is displayed on the Splash Window:
1. The version of ChartNexus that you are using.
2. Name of the company who develops ChartNexus i.e. FiNEX Solutions.
3. ChartNexus tagline.
This splash window can be accessed later by clicking on Help and thenAbout in the menu.
3.2. Working Windows 26
3.2 Working Windows
Figure 3.2 shows the main windows you will see after the splash window(dis)appears.
Figure 3.2: Screenshot of the main working windows in ChartNexus(NOTE: it will look slightly different in Windows Vista, Windows XP, Win-dows 9x, Windows ME or Windows 2000).
3.3. Menu Bar 27
These are the panels or windows that you will see when you first launchChartNexus. They may or may not appear subsequently based on how youhave configured as ChartNexus will remember your preference.
1. Menu Bar - Access to functions in ChartNexus.
2. Tool Bar - Quick access to functions in ChartNexus. Partial listingonly as compared to what are found in Menu Bar.
3. Drawing tools - One click access to the drawing tools to annotate,draw shapes or lines.
4. Listings & Watchlists - This will most likely be your starting point.You can view the different markets, different categories and the corre-sponding equity based on alphabetical order.
5. Chart area - When you double click on a name of an equity in Listings,the chart of the equity will appear here.
6. Indicators - List of indicators (eg. RSI, MACD) available for yourusage.
7. News Bar - This panel display announcements or news from us includ-ing latest or earlier ones.
3.3 Menu Bar
You can access the features in ChartNexus through mouse-clicking or byusing your keyboard.
The Menu Bar or simply menu shows categorized list of menu items avail-able in ChartNexus. Each of the menu items contains a particular function.
To use a particular feature/function, use your mouse and left-click once onthe desired menu item as shown in Figure 3.3:
3.4. Tool Bar 28
Figure 3.3: Accessing the menu bar and menu items.
For example to close a chart, you can click on the Close menu item to closethe current selected chart. Alternatively, you can use keyboard combinationkey or what is termed as accelerator key or shortcut key to conveniently andquickly invoke certain function.
Example: pressing the control key (CTRL) and the key ’W’ on your key-board will close the current/selected chart.
3.4 Tool Bar
Tool bar gives you one-click direct access to some of the more commonlyused functions.
You can click and hold on it to drag it out from its current position andmake it ’float’. To make it anchor back into it default/original location, justclick on the X button found at its top right corner.
3.5. Drawing Tools 29
3.5 Drawing Tools
The drawing tools toolbox lets you draw shapes, draw lines, add annotationand more on to your chart.
Figure 3.4: Accessing the drawing tools toolbox.
3.6 Listings & Watchlists
This will usually be your first point of access.
From here, you can switch around to the different market data available toyou. You can also browse through the list of equity (stocks, warrants etc.)arranged by alphabetical order; categories e.g. top movers, top % gainers,top % losers etc.
Double click on any of the equity name and the corresponding chart will beshown in the 3.7 Chart Area.
Besides these, the watchlist management tools are also located here. Youcan track your favourite equity or you can have easy access to the equitythat you have just viewed.
3.7 Chart Area
This is where the equity (stocks, warrants etc.) will be shown once youdouble click on any of the equity name found in the 3.6 Listings.
3.8. News Bar 30
3.8 News Bar
News bar displays announcements and news from us. This may includeevents news, data news (in the event of any interruption), major announce-ments or PR news and so on. New news item will appear in orange andindicated with the word NEW.
Move your mouse over it and click on the link will bring you to our webpage for the full coverage (NOTE: you need an Internet connection forthis).
Chapter 4
Managing Windows
In this chapter, we will introduce you to the functions available for manag-ing the windows in ChartNexus. We have introduced the ’sticky’ or mag-netic window into ChartNexus to let you easily manage your window. Thewindows will also auto-adjust their heights when you try to stack them atthe left corner. For managing your opened charts, please see the subsequentchapter on Working With Charts.
4.1 Open Or Close Window
The control buttons to show or hide windows are located in the Menu Baror Tool Bar. Click on the menu item or tool bar button to show or hide thewindow.
To close the window, you can also click on the ’X’ button located at the topright corner of the window. Pressing the key ’Esc’ on your keyboard willalso close the opened window.
31
4.2. Adjust Window Size 32
4.2 Adjust Window Size
To adjust the size of the window, move your mouse cursor to the edge ofthe window as highlighted in Figure 4.1.
Figure 4.1: Drag and hold the edge of the window to resize the window.
4.3 Full-size Window
To show ChartNexus in full screen, click on Window menu and then FullScreen Mode. To restore the normal window size, click on the Windowmenu again and then click Windowed Mode as shown in Figure 4.2.
4.4. Move Window 33
Figure 4.2: Click to enlarge the window to be full sized or normal size.
4.4 Move Window
Figure 4.3: Drag and hold the title bar to move the window around.
4.5. Minimize Window 34
4.5 Minimize Window
Figure 4.4: To minimize the window, click on the arrow button. Click oncemore to undo.
4.6 Show/Hide Window
To show a closed window or hide an opened windows, please go to theMenu Bar and click on the name of the window that you want. In Fig-ure 4.5, the Listings, Indicators and Workspaces windows are shown.
4.7. Always-on-top Window 35
Figure 4.5: To show or hide a window, click on it to show/hide or clickonce more to hide/show it.
4.7 Always-on-top Window
By clicking on the pushpin located at the top right corner of a few win-dows e.g. Listings, Indicators, Workspaces etc., you can enable or dis-able the window to stay always-on-top or otherwise by clicking on itonce or twice. See Figure 4.6.
4.8. Arrange Windows 36
Figure 4.6: Clicking on the pushpin to enable the window to stay alwayson top or otherwise.
4.8 Arrange Windows
We have introduced a few buttons for you to easily arrange the opened chartwindow(s) :
• 1 chart at a time
• 2 charts with one on top of another
• 2 charts side by side
• 4 charts
Also, to enable fast and easy management of windows, we introduced’magnetic’ or ’sticky’ window, which will automatically glue the windowstogether when you move them close to each other. Windows will also autoarrange their size.
Chapter 5
Working With Data
Data is what makes it possible to plot chart. In this chapter, we will lookat what are the market data that comes with ChartNexus, how you can ob-tain them, how you can (re)install the data if required and fixing them ifnecessary.
5.1 Information On Data
We try to provide as much data as easily available to you.
Data is automatically downloaded and updated every trading day, savingyou the hassle to worry about updating and formatting your own data. Ontop of that, we provide adjusted (see 5.1.2) end-of-day (EOD) and historicaldata. ChartNexus uses proprietary data format.
5.1.1 Market data available
We currently provide EOD data and historical data only and do not supportreal-time data.
ChartNexus comes free-of-charge (personal use) with EOD data :
37
5.1. Information On Data 38
1. 3 years BSE, NSE
2. 3 years HKSE
3. 3 years JSX
4. 3 years Bursa/KLSE (include both Mainboard and Mesdaq stocks andwarrants)
5. 3 years SGX (include both Mainboard and Sesdaq stocks and warrantsdata)
6. 3 years AMEX, NASDAQ, NYSE and USINDEX
7. 3 years World Indices
NOTE: Data is usually updated at around 6:30pm (Singapore local time)daily. We recommend that you update the data after 7pm or later. Theremaybe times when delivery maybe late or delayed. We will make an-nouncement on those occassion.
If you require historical data, you may want to consider subscribing to ouraddons - 10-year Historical Data which is adjusted for splits for more in-depth analysis.
5.1.2 Data adjustments
Many data sources, especially free ones usually do not come with data ad-justment and may not give you the true idea of the price of the equity. Datain ChartNexus is adjusted for splits.
WITHOUT data adjustment, when stock splits, the chart will appear asshown in Figure 5.1:
5.1. Information On Data 39
Figure 5.1: Non-adjusted data with a huge gap distorting the chart.
WITH data adjustment, either/both previous price and volume data valuesare adjusted to match the new valuation. This will allow the price andvolume information to maintain a consistent scale with new data.
When there’s an adjustment event, a bell icon will appear in the chart asshown in Figure 5.2:
5.1. Information On Data 40
Figure 5.2: Adjusted data closes the gap and indicated with a bell icon.Move your mouse over the bell to see the description of the event.
5.1.3 Data adjustment events
These are the events that we will adjust the data:
1. Name change of companies
2. Bonus Split - both volume and price are adjusted
5.1. Information On Data 41
3. Rights Issue - both volume and price are adjusted
4. New Par - both volume and price are adjusted
(a) consolidation
(b) capital reduction
(c) cash distribution
(d) share consolidation
(e) sub-division
NOTE: As the data is adjusted, hence don’t be alarmed if you find thatour data is significantly different from other data sources as they might notadjusted.
5.1.4 Data Adjustment Settings(On/Off)
ChartNexus charts are by default adjusted for Bonus Issue, Right Issue,etc. You can use Price Adjustment Setting Window to turn off (and turnon) individual type of adjustments.
To bring up the Price Adjustment Setting Window, click on the Price Ad-justment Setting button on our Menu Bar.
Yout will be presented with the Price Adjustment Setting Window (see Fig-ure 5.3):
5.1. Information On Data 42
Figure 5.3: Price Adjustment Setting window.
1. Enable All - To enable all types of adjustments.
2. Disable All - To disable all types of adjustments.
3. Apply - To apply your change. The change in setting will not be ap-plied to existing charts which are opened, but to the new charts to beopened.
5.2. Login To Data Server 43
5.2 Login To Data Server
ChartNexus can operate in ONLINE or OFFLINE mode. You will onlyneed to connect to our server to our server when you need to update theEOD data to get the latest closing price using your login account which isprovided free.
When you start ChartNexus for the first time, you will be presented withthis login window (see Figure 5.4). If you set the option to let ChartNexusto remember your login information, this window will not appear subse-quently and you will be auto-connected to our server.
To bring up the login window, click on the User Login button on ourMenu Bar.
You will be presented with the User Login Window (see Figure 5.4):
Figure 5.4: User login window.
1. Register - Click on this link to bring you to the account sign up pageto register a free account which will be used to connect to our server.
2. Login and Password - This is your login information. Type in your
5.3. Downloading or Updating Data 44
account information as what you have registered with us.
3. Remember Login - Click this if you want ChartNexus to rememberyour login information. You will not be prompted subsequently. If youdo not want to let ChartNexus remember it, click on it again to deselect.
4. Network - You may need to configure proxy settings if you are us-ing behind a proxy server or firewall for instance if you are using incorporate network.
5. Forgot Password - Click this to bring you to the web form to retrieveyour password (which will be sent to you email account).
5.3 Downloading or Updating Data
Once you have keyed in your login information and connected to our dataserver, the data downloading process begins. A dialog box will be displayedto inform you on the progress (see Figure 5.5).
5.4. Forcing Data Download 45
Figure 5.5: Dialog box showing the data download progress.
Once the download is completed, you can see the latest data updated shownas shown in Figure 5.5 OR you can also locate the status information in theListings window just beside the name of the market data.
If you have opened any chart before the data update is completed, Chart-Nexus will auto adjust it to the latest.
5.4 Forcing Data Download
You can also force data download (though not required) by clicking onthe Download Latest Data From Server button on the menubar. Con-versely, you can stop downloading the data by clicking on the same buttonStop/Pause Download as shown in Figure 5.6.
5.5. Using From Office Or Behind Firewall 46
Figure 5.6: Connect to server button. Click it to start or to stop data fromdownloading.
5.5 Using From Office Or Behind Firewall
If you are using from office or behind a private network with firewall inplace, you MAY need to perform some simple configurations.
Click on the Network button (see Figure 5.7) if you want to set your con-nection setting. This will allow you to key in your own proxy server addressand port number.
5.6. (Re-)Installing Data 47
Figure 5.7: Network connection configurations when you encounter con-nection problem especially behind proxy server or firewall.
5.6 (Re-)Installing Data
When you first install ChartNexus, we have only included in the setup pack-age some of the market data that we mentioned earlier in this chapter’s in-troduction. You will need to install them. Later on, sometimes you may
5.6. (Re-)Installing Data 48
want to re-install the market data and this process describes for both in-stalling and re-installing market data.
When you first started ChartNexus, you will be presented with the marketdata installer as shown in Figure 5.8.
Figure 5.8: Installer or re-installer for the various market data.
NOTE: Depending on whether you have any subscription with us, the year/durationof the market data may vary. For free user, we only provide you with 1 yeardata. For subscribers, we provide 10 years of market data.
If you do not see the above Market Data Installer, you can activate it bygoing through the process as describe in Section 5.7.
5.7. Fixing Data 49
Once you see the Market Data Installer (refer to Figure 5.8),
1. Select the market that you want (re)install by clicking on the button.
2. Click on Install Market Data button.
5.7 Fixing Data
Sometimes due to problem with the connection or some issue with down-loading or possibly problem at our server end, the data may be corrupted ormissing, and causing problem when displaying your selected chart. To fixthis,
1. In the Menubar, click on Help.
2. Next, click on Fix Corrupted/Missing Data.
3. A window will appear as shown in Figure 5.9.
4. Select All stocks and Reinstall market data (assuming if you want to(re)download the entire market data. Otherwise you can just select aparticular stock before proceeding further.
5. Click on the Go button.
5.8. Changing Data Downloading Settings 50
Figure 5.9: Fixing corrupted or incomplete data for an equity.
NOTE: If using this step does not resolve your problem, please drop us amail.
5.8 Changing Data Downloading Settings
Data is automatically downloaded a few seconds after you start Chart-Nexus. You can change the download setting, refer to Figure 5.10.
5.8. Changing Data Downloading Settings 51
Figure 5.10: Data downloading settings. Use this to set the order of datadownload and whether to download the particular market data.
Chapter 6
Working With Charts
Now that you are familiar with the features and functions of ChartNexus,we will look at the tools and functions that are available to you for yourcharting work in this chapter.
52
53
Figure 6.1: Charting area.
1. Market & Equity Name - Name of the equity (stock, warrant etc.)and to which market it belongs.
2. Overview - Displays the OHLC (Open, High, Low, Close prices), vol-ume and the change in % from previous session close.
3. Indicators Selected - Shows the indicators used in the chart and theshorthand description of the indicators’ settings.
4. Indicator Panel - Indicator panel showing the indicator selected.
5. Market & Equity Name - Name of the equity (stock, warrant etc.)and to which market it belongs.
6.1. Opening and Closing Stock Chart 54
6. Chart Settings - Contains the settings for the chart : daily, weeklydata; bar, line or candlestick display; color settings; save chart as workspace.
6.1 Opening and Closing Stock Chart
6.1.1 Open chart
To open or show a chart (see Figure 6.2), double click on any name of theequity (stocks, warrants etc.) found in the Listings .
Figure 6.2: Double click to open a chart.
Alternatively, right click on the name of the equity and a pop up menu willbe shown, see Figure 6.3 (a), click on Open chart.
6.2. Tiling Chart Windows 55
Figure 6.3: Right click on an equity and a pop up will be shown. If anequity opened for the first time, then you will be presented with menu (a)otherwise if the equity chart is already opened, you will see (b) menu in-stead.
To open another instance of the same equity, for example you may wantto compare for the same equity using different indicators, trendlines etc.in two separate windows, right click on the equity and then click on OpenNew Instance, see Figure 6.3 (b).
6.1.2 Close chart
To close a chart, click on the X button located at the top right corner of thechart window.
6.2 Tiling Chart Windows
In a multi-window environment, you can view 1 chart or multiple chartssimultaneously, often to perform comparison. You can set to arrange yourcharts:
• 1 chart at a time
• 2 charts with one on top of another
6.3. Price and Volume 56
• 2 charts side by side
• 4 charts
6.3 Price and Volume
• OHLC (open, high low, close), volume and changes from previousclosing price of the equity in view
• Price axis
• Volume axis
• Red volume bar is displayed if current price closes lower or equal toprevious day’s closing price otherwise green bar is displayed
Figure 6.4: Viewing and interpreting price and volume of equity.
You can view the price in linear or logarithmic scale. Click to select whicheveryou prefer to use. Default is set to linear price scale. Refer to Figure 6.5.
6.4. Viewing in Different Time Frame 57
Figure 6.5: Viewing price in linear or logarithmic scale.
6.4 Viewing in Different Time Frame
You can change the period or time frame of the chart to either of these
• daily
• weekly
• monthly
by clicking on the button located at the bottom left corner of the chart win-dow.
6.5. Viewing in Different Chart Types 58
Figure 6.6: Display charts in different views : daily, weekly and monthly.
6.5 Viewing in Different Chart Types
You can view all the stock charts in three different forms, namely Candle-stick chart, Bar chart and Line chart. The buttons are located at the bottomleft corner of the chart window.
a) Candlestick Chart (selected by default)
Figure 6.7: Candlestick chart.
6.6. Adding Comments and Drawing onto Charts 59
b) Bar or OHLC Chart
Figure 6.8: Bar or OHLC (Open, High, Low, Close) chart.
c) Line Chart
Figure 6.9: Line chart.
NOTE: ChartNexus will automatically remember the chart type that youhave selected and loads it the next time when you start.
6.6 Adding Comments and Drawing onto Charts
Sometimes, we just want to add our own comments to the charts. At othertime, we want to draw lines, trendlines or even add arrows to the chart.
6.7. Fibonacci Tools 60
You can find a myriad of drawing and commenting tools available in theDrawing Tools box usually located just above the chart window (see Fig-ure 6.10).
Figure 6.10: Adding comments and drawing shapes.
6.7 Fibonacci Tools
No charting tool would be complete without the Fibonacci arcs , fan ,time and retracements .
6.8. Drawing Shapes 61
Figure 6.11: Chart with fibonacci tools.
6.8 Drawing Shapes
You can add rectangles, squares, oval, circle to your charts by using thebuttons and respectively. You can tweak the background color of theoval shape by adjusting the brightness level, refer to Figure 6.25
6.9. Repositioning Chart Item 62
Figure 6.12: Adding shapes to your charts.
6.9 Repositioning Chart Item
In the previous sections, we have shown how you could add lines, rectangleboxes, comments, Fibonacci fan, time etc. What if you have added at awrong position and you want to move it or position it differently?
As shown in Figure 6.13, move the mouse pointer over to the edge of chartitem that you wish to reposition. The mouse pointer will change into a crosspointer, left-click your mouse and drag the chart item to desired position.The same can be done to move percentages shown in Fibonacci Tools chartitems.
6.10. Removing Chart Item 63
Figure 6.13: Repositioning chart item.
6.10 Removing Chart Item
To clear or remove an added chart item, move the mouse pointer over to thechart item, left-click on the item and press the Delete on keyboard.
Alternatively, you can use the Eraser functions. Click on the Eraser tooland then click on the chart item to be erased. You can also use the EraseAll tool to remove all manually added chart items.
Figure 6.14: Eraser buttons.
6.11. Redoing and Undoing 64
6.11 Redoing and Undoing
Clicking on the Redo button and Undo button to repeat or undo theaction that you have carried out.
6.12 Zooming Chart
To zoom in (enlarge details) or zoom out (lessen details), use the zoombutton to control the level of details.
i) Zoom In Drag and hold a region of the chart to zoom in to increase thedetails (see Figure 6.15 OR to use shortcut key, press the ’+’ key.
Figure 6.15: Selecting a period to zoom in.
ii) Zoom out Right click on the chart to decrease the details OR to useshortcut key, press the ’-’ key.
6.13. Scrolling Chart 65
For more shortcuts, please see Appendix 11.
Alternatively,
you can use the zoom in/out button found at the scroller.
Figure 6.16: Zoom in and out buttons added to make it easy to zoom.
6.13 Scrolling Chart
To control the scrolling of the indicators panel and chart size in the chartpanel, you can use the vertical scrollbar to do that. Toggling it will turnedoff/on the option, see Figure 6.17
Figure 6.17: Toggling the scrollbar to turn on scrollbar or otherwise (chartsize and indicator size will be automatically adjusted).
6.14. Navigating Chart 66
6.14 Navigating Chart
Charts are plotted over a period of time. In ChartNexus, you can conve-niently navigate forward, backward, change viewing period etc. by usingthe navigation bar located at the bottom right corner in each chart window.
6.14.1 Navigate forward or backward
To move forward or backward in time, click on (1) or (2) respectively , seeFigure 6.18.
Figure 6.18: Navigation bar to let you scroll the chart forward or backwardAND zoom in/out AND view in a particular period.
6.14.2 Use scroll to navigate
You can achieve the moving forward and backward much more convenientby moving your mouse cursor over region A (see Figure 6.18) until thecursor changes to a palm cursor then click and hold it to drag forwardor backward.
Alternatively, you can also use keyboard shortcut keys to activate the samefunctions. However, you will need to click once on the chart area so that theshortcutkeys can be registered. For more shortcuts, please see Appendix 11.
6.15. Resizing Chart 67
Figure 6.19: Shortcut keys available for chart navigation.
6.14.3 Enlarge or shrink viewing period
To enlarge or shrink the period in view, move your mouse cursor over to(3) or (4) (see Figure 6.18) and then click and drag to change the period inview.
6.15 Resizing Chart
To adjust the size of the chart, move your cursor/pointer over to the edge ofthe chart window until the cursor change to the diagonal arrow as shown inthe Figure 6.20 (colored in red).
6.16. Changing Color Settings 68
Figure 6.20: Resizing chart manually.
6.16 Changing Color Settings
You can change the display color for all the manually added chart items oryou can change the color settings for the chart.
6.16.1 Changing indicators colors
First, click on ”Edit” button in the Indicators Window
6.16. Changing Color Settings 69
Figure 6.21: ”Edit” button for change of indicator parameters & color
Next, click on the indicator name. For eg: MACD.
6.16. Changing Color Settings 70
Figure 6.22: Selecting indicator in Indicators Parameters Settings Window
Then, click on the color settings box and change to the preferred color.
6.16. Changing Color Settings 71
Figure 6.23: Changing color in Indicators Parameters Settings Window
6.16.2 Change item color
You can change the item color before or after you have inserted it. Tochange the color of the item, click on the Color Setting button (seeFigure 6.24 located at the bottom left corner of each chart:
6.16. Changing Color Settings 72
Figure 6.24: Color settings button.
A window will appear as shown in Figure 6.25. Click on the color that youdesire:
Figure 6.25: Choose color settings.
To set to the desired color for the charting item:
6.16. Changing Color Settings 73
1. Choose the desired color as shown in Figure 6.25, click OK to startusing the color.
2. Insert any chart item and the item inserted will assume the new color(see Figure 6.26).
Figure 6.26: Chart items with chosen color.
6.16.3 Change chart color
Often, we want to be able to personalize the chart that we generate. Youcan change all the color settings for the chart in ChartNexus.
Again, click on the Color Setting button (see Figure 6.24) located at theMinitoolbar.
Next, click on the Chart Colors tab. You will see the following (see Fig-ure 6.27 and Figure 6.28):
6.16. Changing Color Settings 74
Figure 6.27: Chart color settings panel.
6.16. Changing Color Settings 75
Figure 6.28: More options for changing color settings.
1. Save your favorite color settings under a theme name.
2. Remove selected theme.
3. Import/Export your theme.
4. Drop-down list containing all your saved themes.
5. Click to access help documentation.
6. Click on the color palette to edit them.
7. Click on this option to enable auto configurations of all option listedbelow it.
6.16. Changing Color Settings 76
8. Select individually your desired color configuration or click on AutoAdjust to let the system determines it automatically.
You can customize the various options available including chart title, labels,background colors, border color, candlesticks color, grid color and so on.See Figure 6.29 for the illustration on the various settings.
Figure 6.29: Chart colors settings.
We have also added the function for you to save the color scheme in variouscolor themes where you can manage them (create, remove and export) sothat you can adopt various color schemes.
6.17. Capturing and Printing Chart 77
6.17 Capturing and Printing Chart
You can save all your comments/annotation, lines etc. that you have drawnon the chart and save them as image file (in PNG format) and share it withyour friends or family members over the Internet or other means.
6.17. Capturing and Printing Chart 78
Figure 6.30: Capture chart and save to computer.
NOTE: if you want to save the state of the chart within ChartNexus, thenyou will need to use what we called Workspace, see the Workspace sec-tion 8.7.
Referring to Figure 6.30,
6.18. Performance Chart 79
1. Click on the Capture Chart button located on the Menu Bar.
2. The Capture Chart window will pop-up.
3. Choose from the drop-down list the image size you wish to save. Youcan also customize to the size that you wish to.
4. Click on Save To Computer button to specify where the chart shouldbe saved.
To print a chart, click on the Send Chart To Printer button at the Menu Baras shown in Figure 6.31. Of course beside printing directly, you can alwaysuse the capture chart method (see section 6.17).
Figure 6.31: Send chart to printer for printing.
6.18 Performance Chart
Often, we may want to compare the index against particular stock(s) orsimply to compare a basket of stocks to gauge their relative performance.You can achieve them with Performance Chart.
6.18. Performance Chart 80
Figure 6.32: Performance chart for comparison between index againststocks or stocks(s) among each other.
1. Click on the Performance Chart button located at the Menu Bar.
2. The Performance Chart window will appear.
3. Under Listings window, click on the equity to set the particular equityas reference for comparison. To remove an equity from the Perfor-mance Chart, move the mouse pointer onto the Equity Name and thenclick on the close(x) button.
4. To set the Reference Line to indicate a particular point in time to begincomparison, move the Reference Line by clicking on the line then drag
6.18. Performance Chart 81
to a desired reference date.
5. When you click on the Performance Chart, these two buttons andwill appear at the bottom left corner of the chart. Click on the buttonsto reset the Reference Line to the left and to clear all the counters inPerformance Chart respectively.
Chapter 7
Technical Indicators
ChartNexus comes with some of the most commonly in use indicators. Youcan easily access them in the Indicators list :
1. Accumulation/Distribution
2. Average Directional Index (ADX)
3. Average True Range (ATR)
4. Bollinger Band
5. Commodity Channel Index
6. Chaikin Money Flow (CMF)
7. Commodity Channel Index (CCI)
8. Guppy Multiple Moving Average (GMMA)For details, please visit Daryl’s http://www.guppytraders.com/
9. Ichimoku Kinko Hyo
10. MA Envelope
11. Moving Average Convergence Divergence (MACD)
82
7.1. Applying Indicators with Indicator Templates 83
12. Money Flow Index (MFI)
13. Momentum
14. Moving Average (MA)
15. On Balance Volume (OBV)
16. Parabolic Stop And Reversal (Parabolic SAR)
17. Price And Volume Trend (PVT)
18. Rate Of Change (ROC)
19. Relative Strength Index (RSI)
20. Smoothed RSI
21. Stochastics
22. Volume MA
23. Williams %R
We have prepared tutorials on the various indicators with the theory andalso samples on how to apply the indicators. Please visithttp://www.chartnexus.com/learning
7.1 Applying Indicators with Indicator Templates
To access the Indicators:
1. Click on the button if the Indicators window is not shown.
7.1. Applying Indicators with Indicator Templates 84
2. Click on the desired indicator’s checkbox to show/add the indicator inthe chart window. To hide/remove the indicator(s), click again on thecheckbox.
Figure 7.1: Add or remove indicator to chart.
3. Upon first installation, ChartNexus will create 4 indicator templates bydefault, namely ’- Last Workspace -’, ’- Last XPertTrader -’, ’- No In-dicators -’, and ’- System Default -’(as seen in Figure 7.1). In SystemDefault, you may add/remove any indicator with the checkboxes, andthe selections will be automatically saved. To switch to a chart viewwithout indicators, simply switch the template to ’- No Indicators’ tem-plate.
4. You may also create more indicator templates by using the ManageIndicator Template button as shown in Figure 7.2. Click on this button
7.2. Changing Indicator Parameter Setting 85
and select New Template to create more template as you need.
Figure 7.2: Managing Indicators Template.
7.2 Changing Indicator Parameter Setting
To change the parameter setting of an indicator (refer to Figure 7.3):
1. Click on the indicator that you want to change.
2. Press the Edit button (see Figure 7.3).
3. The Indicators Parameters Settings window will appear.
4. Change the value for the parameter(s) available.
5. Click the OK button or the Apply button to apply the change OR clickon Save As button to save as another name for the indicator.
7.3. Removing A Customized Indicator 86
Figure 7.3: Changing indicator parameters setting.
7.3 Removing A Customized Indicator
For the default indicators that we have provided (see section r̃efchp:TechnicalIndicators),you will not be able to remove them. If you move your mouse over any ofthem, the Remove button will be disabled.
However, if you have created your own customized indicator, you will beable to edit or remove it.
7.4. Changing Colors Indicators 87
To remove a customized indicator, click on the indicator that you have cre-ated and click on the Remove button.
7.4 Changing Colors Indicators
You can change almost all the aspects of the color scheme in ChartNexus.To change the colors of the indicators, please refer to Chapter 6.16
Chapter 8
Supplemental Tools
In the preceding Chapter 6 on Working With Charts we have looked at whatwe can do with charting. Nonetheless, we may require various other toolsto supplement or enable our analysis work. In this chapter, we will look atthe myriad of tools provided including stock spread calculator, watchlist,portfolio manager, notes and so on.
8.1 Search Tool
You can access all the equities by accessing through the Listings window.However, to allow faster access with less click, we have provided a searchtool to allow you to search for an equity by code or by name.
To access this, in the Menu Bar, click on Tools and then Search Tool. Adialog box will be shown, see Figure 8.1. Use your keyboard and type ine.g. the letter H and the list of equities matching H will be shown (eitherby name or stock code). Stock code that match will be indicated with thephrase (stock code). Continue to type in more letters to narrow your searchand then press on the Enter key to bring up the chart.
88
8.2. Watch List 89
Figure 8.1: Search tool to allow quick search. You can search by name orcode. Pressing Ctrl and F keys will bring up the search tool too.
8.2 Watch List
For ease of navigation and monitoring, you can categorize the stocks intodifferent Watch list. Figure 8.2 shows how you can manage your watchlist(create, remove, adding stocks and removing stocks to the watch list).
8.2. Watch List 90
Figure 8.2: Managing your watch lists.
8.2.1 Creating new watch list
a) Click on the Manage Watchlist button.
b) Click on the New Watchlist.
b) Enter the name for the new watch list to be created at the pop-up win-dow.
8.2.2 Removing watch list
To remove a watch list,
a) Select from the drop-down list the watch list you want to remove.
b) Click on the Manage Watchlist button.
8.2. Watch List 91
c) Click on the Remove Watchlist to remove the selected watch list.
d) A confirmation window will appear. Click OK to confirm to removeor click Cancel otherwise.
8.2.3 Adding stocks to watch list
To add stock into a particular watch list,
a) Right-click on a stock found in the Listings .
b) Click on Add to Current Watchlist to add to current watch list or clickon Add to Watchlist and select the watch list that you want to add to.
Figure 8.3: Adding stock into watch list.
8.3. Brokerage Fee Profile 92
8.2.4 Removing stocks from watch list
You can remove selected stocks or remove all the stocks at once from awatch list. To remove,
a) Select the watch list containing the stock(s) that you wish to remove.
b) Right-click on the stock found in the watch list.
c) Click on Remove Stock to that stock or click on Remove All to removeall the stocks in that watch list.
Figure 8.4: Removing stock from watch list.
8.3 Brokerage Fee Profile
Brokerage Fee Profile is simple tool to let you key in the various brokeragefees and save them into different profiles. These profiles can then be usedin the Spread Calculator (see 8.4) or XPertTrader.
8.3. Brokerage Fee Profile 93
Figure 8.5: Brokerage fee tool to manage your various brokerage fees.
There are few ways to access the Brokerage Fee Profile, either through:
1. The Toolbar (see Figure 8.6)
2. Edit button found in the Spread Calculator (see Figure 8.6)
8.4. Spread Calculator 94
Figure 8.6: Access through the Edit button found in the Spread Calculator.
3. XPertTrader’s Backtester
Figure 8.7: Access through XPertTrader’s Backtester
8.4 Spread Calculator
Spread Calculator lets you easily and quickly calculate trading profits orbreakeven point.
8.4. Spread Calculator 95
It calculates the net profit of a particular buy and sell transaction based onpurchase price, sell price, step size, number of shares, and brokerage fee.
In the Toolbar, click on the Spread Calculator button and you will bepresented with the calculator (see Figure 8.8).
Figure 8.8: Spread Calculator.
8.4.1 Editing brokerage fee
Before using, you can you use the default brokerage fee or you can createyour own by clicking on the Edit button. The Brokerage Fee Profile win-dow will pop up. Enter the desired values and save as a new profile or clickon the Delete button to delete a selected profile.
8.4. Spread Calculator 96
8.4.2 Selling a stock
If you have bought a stock and you want to calculate the possible sellingprices for it, click on the Sell radio button under Cost of Shares. Enter theprice that you bought the stock, the stock’s bid size and number of sharespurchased. Then click on Calculate button and you will see the calculationon your right side (see Figure 8.9).
Figure 8.9: Spread Calculator - Selling a stock
8.4.3 Buying a stock
This otherwise known as shorting. If you have sold a stock and you wantto calculate the possible buying prices, then click on the Buy radiobuttonunder Cost of Shares. Enter the price that you sold the stock, the stock’sbid size and number of shares sold. Then click on Calculate button and youwill see the calculation on your right side (see Figure 8.10).
8.5. Notes 97
Figure 8.10: Spread Calculator - Buying a stock
8.5 Notes
8.5.1 Adding, editing & removing notes
Each stock has its own Notes panel (see Figure 8.11) which you can writeyour thoughts or ideas about that stock.
8.5. Notes 98
Figure 8.11: A note pad to record your thoughts and ideas.
Notes added or edited are automatically saved and viewable every time thestock is accessed. To remove the notes, simply clear the content, and that’sit.
8.5.2 Retrieving notes all-at-once
Since each stock has its own notes, retrieving them will be unwieldy. Fortu-nately, there is a Retrieve All Notes function accessible through the MenuBar (see Figure 8.12) to let you retrieve all notes simultaneously.
Figure 8.12: Retrieve all your notes all-at-once.
8.6. Managing Portfolio 99
8.6 Managing Portfolio
Figure 8.13: Portfolio management tool.
ChartNexus allows you to manage your own portfolio(s) of equities withthe Portfolio management tool located in the Tool Bar and the portfoliotool will appear as shown in Figure 8.13.
8.6.1 Managing portfolios
To create a new portfolio, click on the New button.
8.6. Managing Portfolio 100
To remove the newly created portfolio, click on the Remove button.
8.6.2 Managing holdings
Each portfolio can contain many holdings.
Click on the stock that you want to add from the Stocks List and then clickAdd Stock to add to the current portfolio.
Another way to add a stock to the portfolio is to right-click the stock inStocks List and choose Add to Portfolio.
To remove a stock from the portfolio, click on the Remove button foundunder Holdings (see Figure 8.13).
8.6.3 Managing transactions
Each holding can have multiple transactions of buy or sell.
To start adding transaction to a particular holding (stock), click on the stockin the Holdings table and then click on Add button under Transactions andyou will be prompted to fill in the transaction detail.
Edit and Remove buttons allow you to edit the transaction details and re-move the transaction of the stock respectively.
8.7. Workspace 101
8.7 Workspace
Figure 8.14: Workspace to manage your saved charts.
The workspace panel shown in Figure 8.14 allows you to save all yourcharts and analysis work on your computer. You can review or re-edit thecharts later.
These are the things that are saved in a workspace:
1. indicators added to the chart
2. indicator parameters setting
8.7. Workspace 102
3. drawn items
8.7.1 Opening workspace file
Select the saved chart in Workspace and click on the Open Workspace but-ton (1). You can also double-click on the chart itself to open the savedchart.
8.7.2 Saving as workspace file
Clicking on the Save button (2) will prompt you to save the chart you arecurrently viewing (refer to Figure 8.15). Besides the lines, annotations,shapes drawn or added on to the chart, indicator settings and indicatorsused will also be saved.
Figure 8.15: Saving your chart analysis as workspace. Annotation, drawnitems will be saved.
8.8. Custom Indices 103
8.7.3 Renaming a workspace file
Select a saved chart in Workspace and click the button (3) to rename theworkspace file.
8.7.4 Removing selected workspace file
To remove a saved chart, select the chart in Workspace and click on thebutton (4). A message will pop up to confirm with you before removing.
8.7.5 Searching or filtering workspace file
To search for a saved chart, enter a name or letter of the file and click onthe button (5). Only files containing the name or letter will be displayed inWorkspace panel.
To clear the filter and list back all the workspace files, click on the button(6).
8.8 Custom Indices
An equity index aggregates and tracks the underlying basket of equities. InChartNexus, you can easily create your own custom indices. The basket ofequities found in watchlist can be easily converted into an index and shownon the chart. Follow these steps:
1. Create a new watchlist. Give it a proper name as it will be used to namethe index
2. Add the stocks, warrants etc. that you’re interested in into the newlycreated watchlist
8.8. Custom Indices 104
3. Click on the IndexCreator button and a pop up menu will be shown
4. Click on “Edit” and the IndexCreator dialog window will appear (seeFigure 8.17
5. By default, equal weightage scheme is used for calculating the index.You can adjust the parameters to your own preference and then clickon “Apply” button to adopt the new parameters
6. Once ready, click “Plot” button to display the index as a chart
Figure 8.16: Use IndexCreator tool to create your own index. The equityused to create the index is collated from the selected watchlist.
8.9. Reporting Error 105
Figure 8.17: IndexCreator dialog window lets you adjust the differentweightage to the basket of equities. You can customize the parameters toyour own preference.
8.9 Reporting Error
Developing a software is not easy. We have tried our best to ensure minimalbugs or problems free experience for you when using ChartNexus. How-
8.9. Reporting Error 106
ever, should you discover any bugs or problems, we hope you can report tous.
Figure 8.18: Accessing the error reporting functions.
a) Referring to Figure 8.18, click on the Help menu and then click onView Log menu to view .
b) If there’s any error message found in the Help Window, click on SendLog button to send us directly the log.
Alternatively, from the Menubar (see Figure 8.18), click on Report Pro-gram Bug(s) to go to our website to detail to us the detailed steps to repli-cate the problem.
8.10. ChartNexus News & Announcements 107
8.10 ChartNexus News & Announcements
Figure 8.19: News and announcements from ChartNexus.
In this news bar, you can check the latest news and announcements sur-rounding ChartNexus. Announcements on events (workshops, seminars),on ChartNexus and add-on modules etc. Click on the link to see details.
Chapter 9
Add-ons
9.1 What Are Add-ons ?
Add-ons are extra features or functions which are made available to extendthe power of ChartNexus.
These Add-ons can be subscribed through our website http://www.chartnexus.com/products/subscribe.php and they are available for subscription on2 types of plan :
• 6 months plan
• 12 months plan
NOTE: Historical data will be one-time fee instead of subscription-based.
9.2 Benefits of Using Add-ons
We adopted this modular, subscription-based approach as we think it willbenefit both you (the user) and us (the user and developer).
108
9.3. Add-ons Available 109
1. Changing times require evolving capabilities. As the Market evolves,traders and investors are increasingly employing sophisticated softwareto assist them in their investments. Compared to one-off-one-time-fee charting software, having a subscription-based software guaranteesthat you are always at the forefront to explore new capabilities andenhancements.
2. New versions and features upgrades are free. Since you are on asubscription plan, we will keep on adding new features, introducingenhancements or releasing fixes related to the module for free to youfor the entire duration of your subscrption period.
3. Pay for what you need. Why pay for software with 80% of the func-tions that you will hardly ever used ? With our add-on modules, youcan mix and match the modules and subscribe to those that you trulyneed.
4. Money back guarantee. We believe in giving you only the best.If within the period of refund (see our subscription policy http://
www.chartnexus.com/legal/software.php) you’re not satisfied orhappy with the Add-ons, we will refund you.
9.3 Add-ons Available
These are the Add-ons that are available for subscription:
• XPertTrader Indicators : This module contains the commonly usedtechnical indicators which you can mix and match to create more so-phisticated rules.
• XPertTrader Candlesticks : This module includes the commonlyused Japanese candlestick patterns. It also comes with an editor tolet you create your own patterns easily.
• INDIA (BSE, NSE) 10 years adjusted historical data (one-time fee).
9.4. How To Subscribe ? 110
• HKSE 10 years adjusted historical data (one-time fee).
• JSX 10 years adjusted historical data (one-time fee).
• KLSE or Bursa 10 years adjusted historical data (one-time fee).
• SGX 10 years adjusted historical data (one-time fee).
• US (AMEX, NASDAQ, NYSE) 10 years adjusted historical data(one-time fee).
• ChartMaker : Let you create professional-looking charts easily withsuperb customization.
9.4 How To Subscribe ?
To subscribe to any of the Add-ons (see Section 9.3), please visithttp://www.chartnexus.com/products/addons.php.
To renew your subscription,http://www.chartnexus.com/products/subscribe.php.
For more in-depth details on the various add-ons offered, you may want todownload the user manual for the add-ons instead.http://www.chartnexus.com/download/getmanual_addons.php.
Chapter 10
Frequently AskedQuestions (FAQs)
10.1 For Newcomer
1. I’ve already signed up and activated my account. Where should Ilogin ?The account is for login to our data server using our desktop program.You need to download and install from (http://www.chartnexus.com/products/download.php). Upon installing, you will be promptedwith a login window, see Section 5.2.
2. I have signed up but yet to receive my activation code in my mail-box. What should I do now ?Most likely the mail has gone into your spam/junk mailbox especiallyif you are using Gmail/Yahoo!Mail/Hotmail OR another possibility isthat you may have keyed in a wrong email during sign up. Please checkin the mailbox junk/spam folders of yours OR otherwise contact us (seeSection 2.8) to activate your account.
3. When I tried to log in, this message appeared (usually because usedbehind proxy/firewall). What should I do ?
111
10.2. Login And Password 112
Fail to connect to server for user authentication. OR
java.net.UnknownHostException: www.chartnexus.com
at java.net.PlainSocketImpl.connect(Unknown Source)
at java.net.Socket.connect(Unknown Source)
at java.net.Socket.connect(Unknown Source)
You are most likely using ChartNexus behind a firewall or proxy serverin a private network (e.g. in office). Please see Network settings (seeSection 5.5) for more.
4. I have just downloaded and installed ChartNexus. The chart is stillnot updated or there is nothing shown. Why ?You will need to key in your account information that you registeredwith us in ChartNexus to connect to our server. See Login To DataServer (see 5.2) for screenshots on how to do it.
10.2 Login And Password
1. Why do I need to sign up for an account ?The account is provided to you free of charge where it will be used fordownloading stock data from our server.
Sign up for the free account athttp://www.chartnexus.com/users/signupform.php
and activate your accounthttp://www.chartnexus.com/users/activate_accountform.php
2. I forgot my account activation key. How can I retrieve it ?You can retrieve your account activation key using this formhttp://www.chartnexus.com/users/get_keyform.php
3. How can I change my account password ?You can change your account password using this formhttp://www.chartnexus.com/users/change_passform.php
10.3. Setup Or Installation 113
4. I forgot my password. How can I retrieve it ?You can retrieve your account password using this formhttp://www.chartnexus.com/users/get_passform.php
5. I am no longer using ChartNexus. I want to de-register my ac-count. How do I go about it ?You can de-register your account using this form(http://www.chartnexus.com/users/deregform.php
NOTE: if you have an active subscription with us, de-registering youraccount will render it useless.
10.3 Setup Or Installation
1. How do I know or check if Java JDK/JRE is already installed onmy computer ?In Windows, click on the START button and then click RUN and typein ”cmd” or ”command” to bring up the COMMAND/DOS PROMPT.Then in the window/prompt, type in ”java -version”. You should beable to see the version from there.
There are many sites and small utilities which have been written to testthis. We recommend you to use this page: http://javatester.org/version.html.
2. Is ChartNexus supported on other systems other than Windows ?Theorectically, ChartNexus is supposed to be able to run on Mac andLinux. However, since we don’t have a big team to provide proper sup-port for the two platforms, so we decided against of totally supportingthem until we are able to provide proper support i.e. with enough man-power. Nothing against Mac, Linux or others, we are users of theseplatforms too.
3. How do I upgrade to a newer version of ChartNexus ?ChartNexus will automatically prompt you install if there’s any newer
10.4. Connecting To Server 114
version available. Click and install ... it’s that simple ! See Section 2.6for screenshots.
4. I got the error message An error occur while trying to copy afile. The source file is corrupted. when I was trying to install thesetup/installation file. What should I do ?You may have downloaded an incomplete version of the setup/installationfile. Re-download the setup/installation file and run it again.
10.4 Connecting To Server
1. What kind of Internet connection do I need to connect to Chart-Nexus data server ?Broadband, ADSL or dial-up connection; any of these is possible.Internet connection is needed to download ChartNexus program andstock data. ChartNexus has been designed to handle missing data ifconnection breaks.
2. Do I need to be connected in order to use ChartNexus ?Not required. You can use ChartNexus in offline or online mode butyou’ll need to go online if you want to update your data.
3. I’m having problem downloading data or connecting to server. Whathappened and what can I do ?Possible reasons include:
(a) You are behind a proxy server. Ask your network administratoror Internet service provider for the proxy address. See Section 5.5for instructions. Add www.chartnexus.com to you allowed-list ofservers
(b) Our server is probably busy. Try again later
(c) Ensure that you install/upgrade to the Java installation
(d) You have no active internet connection. Check your modem.
10.5. Data Issue (download/update/adjustment) 115
4. I can connect from home but I can’t seem to connect from my of-fice. Why is this happening ? Is there a bug with your software ?See Section 5.5 for instructions.
10.5 Data Issue (download/update/adjustment)
1. It seems to me that your data differ from other data sources thatI’m using. Is your data corrupted or having problem ?Our data is adjusted for various events. So naturally, they will lookdifferent from many other data sources that you use since most of thedata sources DO NOT provide you data adjustment for FREE. Checkout the adjustment events.
2. How long does it take to download historical data ?Downloading of historical prices should normally takes about 1-2 min-utes if you update daily. ChartNexus will check for any updates beforethe download. Auto data update is turned ON by default.
3. Why is the data downloading/updating taking some time ?If you’re first time user of ChartNexus, then the system may be down-loading the past data. Otherwise, it may be because our servers arebusy or internet connection is slow at ours or your end.
4. Can I re-distribute the stock data provided ?Sorry, you are not allowed to. The stock data we used are licensed fromour data providers. You can only use it for your own personal usage,and aren’t allowed to re-distribute or use it for commercial purpose.Please read our software license agreement again, here is the onlineversion (http://www.chartnexus.com/legal/software.php). Con-tact us if you have any doubts.
5. Some of charts are not updated with the latest data. What shouldI do ?It could due to incomplete download or corrupted data. Please seeSection 5.7 on how to fix this.
10.6. Reporting Error 116
10.6 Reporting Error
1. How do I report possible error or bug discovered ?If you do not know the error but you suspect there might be one, thenplease follow the procedures :
• Click on the Help menu
• Click on View Log menu item. See Figure 10.1
• Click on Send Log. See Figure 10.2
If you just want to report an error/bug, please follow this instead:
• Click on the Help menu
• Click on the Report Program Bug(s) menu item (see Figure 10.1),which will bring you to our website with a web form
10.6. Reporting Error 117
Figure 10.1: Reporting error to us. Make sure you have an Internet connec-tion.
10.6. Reporting Error 118
Figure 10.2: Clicking Send Log will send us any information or error listedin the panel to us.
Chapter 11
Keyboard Shortcuts
Keyboard shortcut keys are keyboard key or combinations of the keyboardkeys when you pressed on them to allow quick and easy access to the fea-tures without the need of mouse click. Of course, if you prefer, you canstill access those features through the Menu Bar.
NOTE: CTRL denotes the control key or usually written as Ctrl on yourkeyboard. CTRL + W means pressing and holding the Ctrl key and thenpressing on the W key.
General
Action Keyboard Shortcut KeysClose Window ESC
Bring Up The User Login Window Ctrl + LBring Up The Search Tool Ctrl + F
Bring Up The Spread Calculator F6Bring Up The Brokerage Fee Profiles F7
Switch Between Full Screen and Windowed Mode F11Exit Program Alt + F4
Chart Related
119
120
Action Keyboard Shortcut KeysRemove Selected Item Found on Chart Delete or Del
Close Chart CTRL + WPrint Chart CTRL + P
Capture Chart CTRL + C
For these keys, you may need to click on the Chart Area to activate the areato be in focus before these keys can work.
Action Keyboard Shortcut KeysZoom In + or =
Zoom Out − orMove Forward In Chart > or .
Move Backward In Chart < or ,
Chapter 12
Glossary
We have prepared a list of some of the jargons or words that you may comeacross in the investment world, particular in Technical Analysis. This list isby no means comprehensive, but it should be sufficient for most commonpurpose.
• Above the MarketA limit order to buy or sell a security for a specified price that is higherthan the current market price. If the market does not reach the specifiedprice, the order will go unfilled.
• Absolute Breadth IndexDeveloped by Norman Fosback, the ABI is equal to the absolute valueof the difference between the advancing issues and the declining issues.It shows how much activity and volatility is taking place on the NewYork Stock Exchange while totally ignoring the price direction.
• Absolute Price Oscillator (APO)Also known as MACD indicator, APO is calculated by subtracting alonger-term Exponential MA from a shorter-term Exponential MA.
• AccumulationOccurs when the supply of a security is less than the demand. After
121
122
a decline in price, a stock may start to base and trade sideways for anextended period. In the mean time, well-informed traders and investorsmay seek to establish or increase existing long positions. In that case,the stock is said to have come under accumulation.
• Accumulation/Distribution Line (A/D Line)A momentum indicator that relates price changes with volume. It re-lates the closing price to the range of prices (intraday high-intradaylow). The closer the close is to the high, the more volume is added tothe cumulative total.
• After HoursAny trade posting, adjusting, or changes made by specialists or mem-ber firm after the official close of the market.
• AmortizationThe paying off of debt in regular installments over a period of time.
• Analysis of VarianceA technique used to improve the analysis over regression techniques.It can be used for identifying relationships between predictor and crite-rion variables, whether the predictor variables are quantitative or qual-itative in nature.
• AnalystA person with expertise in evaluating financial instruments. He or sheperforms investment research and makes recommendations to institu-tional and retail investors to buy, sell, or hold. Most analysts specializein a single industry or business sector.
• Announcement DateThe date on which a company first publicly announces an impendingstock split.
• Annual ReportYearly report made by a company to its stockholders. They usually
123
contain a balance sheet, an income statement, a list of changes in re-tained earnings, and how income of the corporation was used.
• AnnualizedThe translation of periods of less than a year into an annual rate forcomparative purposes. To annualize quarterly figures, you multiplythem by four.
• ArbitrageThe simultaneous buying and selling of securities to take advantageof price discrepancies. Arbitrage opportunities usually surface after atakeover offer.
• Area PatternA pattern of sideways price movement that follows a stalled uptrend ordowntrend of a stock or commodity. Some of these patterns (triangles,flags, wedges etc.) have good predictive value.
• Ascending Trend ChannelAn ascending line that connects the bottoms of the down waves andis parallel to a trendline The ascending channel line and the trendlineform borders on an uptrend.
• Ascending TriangleA sideways price pattern between two converging trendlines in whichthe lower line is rising while the upper line is flat. This is generally abullish pattern.
• AskAlso known as the “offer”, the price that the market maker guaranteesto fill a buy order. A buy order placed at the market will usually befilled at the current asking (offer) price. The ask price is usually greaterthan the bid price.
• AssetsAny possessions that have value in an exchange.
124
• Average Directional Index (ADX)Part of the Directional Movement Indicator system developed by J.Welles Wilder, the ADX line is based on the spread between the +DIand -DI lines from that same system.
• Average True Range (ATR)An indicator that measures volatility of a security. High ATR valuesindicate high volatility and may be an indication of panic selling orpanic buying. Low ATR readings indicate sideways movement by thestock.
• Bar ChartA chart of price versus time. The horizontal axis represents the pas-sage of time with the most recent time periods on the right side; whilethe vertical axis represents the stock’s price. For each time period, avertical line denotes the high and low price of the security; a shorthorizontal protrusion to the right of the vertical line shows the closingprice.
• BasingA period where the stock or market is “catching its breath” after a de-cline, characterized by a flat trading range without any noticeable trend.It is common to see a basing period after a lengthy decline of the stockprice. Basing may be a sign of accumulation.
• BasisThe difference between cash prices and the futures contract prices.
• BearA person who believes prices will decline and might be described ashaving a “bearish” outlook. Bear markets
• Bear MarketA market when prices are declining. Occur when roughly 80% of allstocks decline for an extended period of time.
125
• Bear TrapA signal which suggests that the rising trend of an index or stock hasreversed but which proved to be false. Thus trap the bears that actedon the signal with losses. A bear trap is a form of whipsaw and relatesto the spring.
• BearishThe belief that market prices will decline.
• Below the MarketA limit order to buy or sell a security for a specific price that is lowerthan the current market price. If the market does not reach these prices,the order will go unfilled.
• BidThe price at which the market maker guarantees to fill a sell order. Asell order placed at the market will usually be filled at the current bidprice. The bid price is usually less than the ask price.
• BlockA purchase or sale of a large number of shares. This term is relative.
• BlowoffSee Reversal Spike-High
• Blue ChipA well known, public company that is thought to be in good finan-cial shape and have sound fundamentals (profitability, earnings). Aninvestment in a blue chip is regarded as a safe investment. Examplesinclude DBS, UOB and OCBC.
• Bollinger BandsAn indicator that allows users to compare volatility and relative pricelevels over a period of time. It consists of three bands designed toencompass the majority of a security’s price action. Prices will oftenmeet resistance at the upper band and support at the lower band.
126
• Market BreadthA comparison of the number of issues traded with the number of is-sues listed for trading. A rally is considered a suspect if the numberof advancing issues is diminishing as the rally develops. Conversely,a decline which is associated with fewer and fewer stocks falling isconsidered to be a bullish sign.
• Breakaway GapA price gap that forms on the completion of an important price pattern.A breakaway gap usually signals the beginning of an important pricemove.
• BreakoutA substantial rise in price above a resistance level or a substantial de-cline in price below the support level. When a breakout occurs, a pricepattern is likely to continue.
• BullA person who believes prices will advance and might be described ashaving a “bullish” outlook. Bull markets occur when roughly 80% ofall stocks advance over an extended period of time. 1982-87 and 1995-99 have been referred to as bull markets.
• Bull MarketA market when prices are rising. Occur when roughly 80% of all stocksadvance over an extended period of time.
• Bull TrapA signal which suggests that the falling trend of an index or stock hasreversed but which proved to be false. Thus trap the bulls that acted onthe signal with losses. A bull trap is a form of whipsaw and relates tothe spring.
• Bump and Run ReversalA reversal chart pattern that forms after excessive speculation drivesprices up too far, too fast. It is designed to identify speculative ad-vances that are unsustainable for a long period.
127
• Buy SignalA condition that indicates a good time to buy a stock. The exact cir-cumstances of the signal will be determined by the indicator that ananalyst is using. For example, it’s considered a buy signal when theprice declines while OBV increases.
• Buy StopA buy order usually placed above the current price, ensuring that asecurity would have to trade at the set level before the buy order wouldbe activated. By placing a buy stop order just above resistance, a tradercan ensure that the security will break resistance before going long. Onthe other hand, traders looking to catch a bottom or intraday low mightplace a buy stop below the current price, but near support.
• BuybackA company’s repurchase of it’s own shares of stock.
• Buying ClimaxA sudden upward movement of a security’s price accompanied by ex-tremely high volume created by investors rushing in to buy the security.This often indicates that a security has been overbought and the pricewill fall. As it often happens at the end of an up price movement, ittypically represents a good time to sell.
• Buying on MarginA risky short-term strategy where a buyer borrows money from a bro-ker to make an investment. The buyer believes the stock price will riseand is trying to maximize profits by investing more money in the stock.
• Call OptionThe right to buy a stock or commodity future at a given price before agiven date. The owner of the call option is speculating that the price ofthe stock will go up and is therefore bullish.
• Candlestick ChartA form of Japanese charting that has become popular in the West. Anarrow line (shadow) shows the day’s price range. A wider body marks
128
the area between the open and the close. If the close is above the open,the body is white (not filled); if the close is below the open, the bodyis black (filled).
• Capital GainProfit derived from the selling price exceeding its initial purchase price.A realized capital gain is an investment that has been sold at a profit.An unrealized capital gain is an investment that has not been sold yetbut would result in a profit if sold. Capital gain is often used to meanrealized capital gain.
• Chaikin Money Flow (CMF)An oscillator that helps signal if a stock is undergoing accumulation ordistribution. It is calculated from the daily readings of the Accumula-tion/Distribution line (A/D line). CMF is not influenced by the dailyprice change, but focuses on the location of the close relative to therange for the period (daily or weekly).
• ChannelThe area between two parallel lines containing the price structure. Theycan be two parallel upward trendlines (upward channel); or two paralleldownward trendlines (downward channel).
• Commodity Channel Index (CCI)Developed by Donald Lambert, the CCI is an indicator designed toidentify cyclical turns in commodities. It may also be applied to stocksor bonds.
• ConfirmationA subsequent signal that validates a position stance. Traders and in-vestors sometimes compare the prices with two or more technical indi-cators to ensure they are pointing in the same direction and confirmingone another. For example, confirmation of a bullish trend is when theincreasing prices are accompanied by a rising OBV.
• Congestion AreaA sideways trading range where supply and demand balance out.
129
• Consolidation AreaA trading range in which prices move until continuing in the samedirection as the trend prior to the consolidation area.
• Continuation PatternOccurs in the Consolidation Area. It is a type of chart pattern that oc-curs in the middle of an existing trend. The previous trend resumeswhen the pattern is complete. Examples include the Pennant continua-tion patterns.
• Contra-Trend SignalsBullish patterns in bear markets and vice versa.
• CorrectionAfter an advance, price declines, but they do not penetrate the lowfrom which the advance began. Also referred to as a retracement, acorrection usually retraces 1/3 to 2/3 of the previous advance.
• CrossoverA point on a graph where two lines intersect. Depending on which linesthey are, a crossover may indicate a buy or sell signal. For example,the price line crossing above a moving average line may generate abuy signal. Oscillators such as MACD and CMF experience centerlinecrossovers.
• Customer Free BalancesThe total amount of unused money on deposit in brokerage accounts.These are free funds representing cash which may be employed in thepurchase of securities.
• CycleA price pattern of movement that regularly occurs in a given time in-terval.
• Cyclical InvestingThe process of buying and selling stocks based on a longer-term or pri-
130
mary market move. The cycle approximates the 4-year business cycle,to which such primary movements in stock prices are normally related.
• Cyclical StocksShares of companies that are highly sensitive to economic performance.Cyclical stocks tend to perform well when the economy is growing andsuffer when the economy contracts.
• Day TradingA trading style where all positions are cleared before the end of thetrading day. Contrast this with position trading, where stocks or secu-rities may be held for longer periods.
• DecliningA market stage of a stock that is characterized by a downtrend withsubsequently lower highs and lower lows.
• Descending TriangleA sideways price pattern between two converging trendlines in whichthe upper trendline is descending while the lower line is flat. This isgenerally a bearish pattern.
• Directional Movement Indicator (DMI)An indicator that plots a positive +DI line measuring buying pressureand a negative -DI line measuring selling pressure. The DMI patternis bullish as long as the +DI line is above the -DI line. The AverageDirectional Index line (ADX) is derived from this system and is basedon the spread between the +DI and -DI lines.
• DistributionOccurs when the demand of a security is less than the supply. After anadvance in price, a stock may start forming a top and trade sidewaysfor an extended period. In the mean time, well-informed traders andinvestors may seek to unload positions. In that case, the stock is saidto have come under distribution. A quiet distribution period is usuallysubtle and not enough to put downward pressure on the price. However,an aggressive distribution will likely put downward pressure on prices.
131
• DivergenceIt is the opposite of confirmation. It occurs when two or more indi-cators move in opposite directions. Traders and investors often lookfor divergences by comparing a stock’s direction to the direction of itsindicators. There are two kinds of divergences: positive and negative.A positive divergence occurs when the indicator moves higher whilethe stock is declining. A negative divergence occurs when the indi-cator moves lower while the stock is rising. For example, a bearishdivergence is when increasing prices are accompanied by falling OBV.Another example of bearish divergence is when price makes a high,pullback then makes a higher high; but RSI makes a high, pullbackthen makes a lower high.
• Double TopA reversal chart pattern displaying two prominent peaks. The reversalis complete when the support trough is broken. The double bottom is amirror image of the top.
• DowntrendA straight line drawn down and to the right above successive rallypeaks. The longer the down trendline has been in effect and the moretimes it has been tested, the more significant it becomes. A violationof the down trendline usually signals a reversal of the downtrend.
• EnvelopesAlso known as trading band. Envelopes are lines that are placed at fixedpercentages above and below a moving average line. Envelopes helpdetermine when a market has traveled too far from its moving averageand is overextended.
• EquityIn financial market terminology, it refers to stock or any other securityrepresenting an ownership interest. The process by which a companyissues stock to raise money is termed equity financing.
• ExchangeAn exchange is a physical location where securities are bought and
132
sold. It consists of a primary and a secondary market. The primarymarket is the financial market where securities are issued and placedwhereby the secondary market trades the issued securities.
• Ex-Dividend DateThe first day of the ex-dividend period. If an investor does not ownthe stock before the ex-dividend date, they will be ineligible for thedividend payout. The exchanges automatically reduced the price of thestock by the amount of the dividend for all pending transactions thathave not been completed by the ex-dividend date.
• ExhaustionWhen buying power is no longer enough to move prices up or whenselling power is no longer enough to move prices lower.
• Exhaustion GapA price gap that occurs at the end of an important trend. It signals thatthe trend is concluding.
• Exponential Moving Average (EMA)A moving average that gives greater weight to more recent data in anattempt to smoothen the moving average.
• Extended (in price)A term describing a stock that has risen past its pivot point. Such astock is considered a risky investment because it has already begun itsadvance and is more likely to reverse.
• False BreakoutA breakout of a chart pattern that aborts. To ensure that a breakout isgenuine, look for confirmation by several indicators.
• Fibonacci NumbersA number sequence (i.e. 1,2,3,5,8,...) that is constructed by adding thefirst two numbers to arrive at the third. The ratio of any number to thenext number is 61.8 percent, which is a popular Fibonacci retracement
133
number. It is the ratio of the Fibonacci sequence that is important andvaluable, not the actual numbers in the sequence.
• FlagA continuation chart pattern that generally lasts less than three weeksand resembles a parallelogram that slopes against the prevailing trend.The flag represents a minor pause in a dynamic price trend.
• Fundamental AnalysisA market analysis that relies on economic supply and demand informa-tion based on the underlying value of a company in terms of its cash,current assets and earnings; as opposed to focusing to an analysis basedon charts and market indicators (technical analysis).
• GapRepresents a price range on a chart at which no trading takes place.Also occurs when the high of the day is below the low of the previousday or when the low of the day is above the high of the previous day.Gaps are especially significant when accompanied by an increase involume.
• Head and Shoulders BottomA well-known reversal pattern marked by three (or more) prominenttroughs with a middle trough (the head) that is lower than the othertroughs (the shoulders). When the trendline (neckline) connecting thepeaks at the top of the pattern is broken, the pattern is complete.
• Head and Shoulders TopA well-known reversal pattern marked by three (or more) prominentpeaks with a middle peak (the head) that is higher than the other peaks(the shoulders). When the trendline (neckline) connecting the troughsat the bottom of the pattern is broken, the pattern is complete.
• IndicatorA value, usually derived from a stock’s price or volume, that an in-vestor can use to try to anticipate future price movements. Indicatorsare divided into two groups: trend following or lagging and momentum
134
or leading. Lagging indicators tell you what prices are doing now, or inthe recent past, so they are useful when stocks are trending. A movingaverage is an example of a lagging indicator. Leading indicators aredesigned to anticipate future price action and many come in the formof oscillators, e.g. RSI and MACD.
• IndustryA grouping of companies in the same line of business. Industry group-ings are more specific to the business than sector groupings.
• Initial Public Offering (IPO)The first offering of common stock to the public.
• InsiderAny person who directly or indirectly owns more than 10
• InvestorAn investor is someone who tends to take a long-term view when buy-ing a security, holding the security for at least several months.
• Key Reversal DayA one day chart pattern where prices sharply reverse during an uptrendor downtrend. In an uptrend, prices open in new highs and then closebelow the previous day’s closing price. In a downtrend, prices openlower and then close higher. The wider the price range on the keyreversal day and the heavier the volume, the greater the odds that areversal is taking place.
• Limit OrderAn order to buy or sell a security at a specific price. As opposed to amarket order, limit orders might not be filled immediately if the marketmoves away from the specified price.
• Line ChartPrice charts that connect the closing prices of a given market over aspan of time that form a curving line on the chart.
135
• LiquidityThe ease with which a stock may be bought or sold in volume on themarketplace without causing dramatic price fluctuations. A highly liq-uid stock is characterized by a large volume of trading and a large poolof interested buyers and sellers.
• Moving Average Convergence/Divergence (MACD)An indicator developed by Gerald Appel. By comparing moving aver-ages, MACD displays trend following characteristics, and by plottingthe difference of the moving averages as an oscillator, MACD displaysmomentum characteristics.
• MACD HistogramA visual representation of the difference between the MACD line andsignal line. The plot of this difference is presented as a histogram,making the centerline crossovers and divergences easily identifiable.
• Market CapitalizationAlso known as market cap, it is the total market value of a company(number of shares outstanding multiplied by the price of the stock).
• Market OrderAn order to buy or sell a security at the prevailing market price. A sellorder will most likely be filled at the bid price and a buy order will befilled at the ask price.
• MomentumA leading indicator measuring a security’s price or volume’s rate ofexpansion. It forms an oscillator that moves above and below 100.Bullish and bearish interpretations are found by looking for divergences,centerline crossovers and extreme readings.
• Money Flow Index (MFI)A volume-weighted momentum indicator that measures the strength ofmoney flowing in and out of a security. It compares “positive moneyflow” to “negative money flow” to create an indicator that can be com-pared to price in order to identify the strength or weakness of a trend.
136
• Moving Average (MA)An average of data for a certain number of time periods. It movesbecause for each calculation, we use the latest x number of time peri-ods’ data. By definition, a moving average lags the market. An expo-nentially smoothed moving average (EMA) gives greater weight to themore recent data, in an attempt to reduce the lag.
• New Highs and New LowsNew highs refers to the number of stocks recording their highest pricelevel in 52-weeks.
New lows are the number of stocks recording their lowest price level in52-weeks. As an indicator, new highs and new lows are usually shownas moving averages to smooth the results and are often plotted togetherfor easy comparison.
• Odd LotsStock purchased in units less than 100 shares
• OfferSee Ask
• On Balance Volume (OBV)Introduced by Joe Granville, OBV measures positive and negative vol-ume flow. The concept behind the indicator is that volume precedesprice. OBV is a simple indicator that adds a period’s volume when theclose is up and subtracts the period’s volume when the close is down.A cumulative total of the volume additions and subtractions forms theOBV line. OBV line can then be compared with the price chart of theunderlying security to look for divergence or confirmation.
• OscillatorAn indicator that determines when a market is in an overbought oroversold condition. When the oscillator moves above the 80 level, themarket is overbought. When the oscillator line moves down to the 20level, the market is oversold. Oscillator can also be compared with asecurity’s price to look for divergence or confirmation.
137
• Over The Counter (OTC)A securities that are traded through a telephone and computer network.
• OverboughtA technical term which means that prices are considered too high andsusceptible to a decline. Overbought conditions can be classified byanalyzing the chart pattern or with indicators such as Stochastic Oscil-lator and RSI. It is important to keep in mind that overbought is notnecessarily the same as being bearish. It merely infers that the stockhas risen too far too fast and might be due for a pullback.
• OversoldA technical term which means that prices are considered too low andmay rally in an upward direction. Oversold conditions can be classifiedby analyzing the chart pattern or with indicators such as StochasticOscillator and RSI. It is important to keep in mind that oversold is notnecessarily the same as being bullish. It merely infers that the securityhas fallen too far too fast and may be due for a reaction rally.
• Parabolic SARAn indicator that sets trailing price stops for long or short positions.Also referred to as the “stop-and-reversal indicator”. If the trend is up,buy when the indicator moves below the price. If the trend is down,sell when the indicator moves above the price.
• PennantA continuation chart pattern that is similar to flag, except that it is morehorizontal and resembles a small symmetrical triangle.
• Pivot PointThe point at which resistance disintegrates and the stock price beginsto rise past the prior resistance level. This point can be considered theoptimal time to buy as the bulls are gaining strength.
• Position TradingA style of trading characterized by holding open positions for an ex-
138
tended period of time. Contrast this with day trading, where a traderbuys, then sells out of a position before the market closes that day.
• Price ChannelsSee Channel
• Price ObjectiveTechnical appraisal of a security’s future value.
• Price PatternsPatterns that appear on price charts possessing predictive values. Theyare either reversal and continuation patterns.
• Primary TrendThe predominant movement of a security. When it is up, it is known asa bull market; when it is down, it is known as a bear market.
• ProxyA security or index whose correlation with another security or index isso strong that it is used as a substitute for the other.
• PullbackWhen a security or the overall market falls back from a previous ad-vance.
• RangeThe distance between the high price and the low price for a given timeperiod. A daily range is equal to intraday high minus intraday low.
• Rate of Change (ROC)A momentum oscillator that measures the percent change in price fromone period to the next. The oscillator can be used as any other momen-tum oscillator by looking for higher lows, lower highs, positive andnegative divergences, and crosses above and below zero for signals.
• RallyA brisk advance following a decline in prices.
139
• ReactionA temporary decline following an advance in prices.
• RectangleA continuation chart pattern where prices move sideways between twodifferent levels for a period of time and then continue moving in thedirection of the previous trend.
• Relative Strength Index (RSI)A popular oscillator developed by Wilder. RSI is plotted on a verti-cal scale from 0 to 100. Values above 70 are considered overboughtand values below 30, oversold. When prices are over 70 or below 30and diverge from price action, a warning is given of a possible trendreversal.
• ResistanceA price level at which there is a large enough supply of a stock availableto cause a halt in an upward trend and turn the trend down. Resistancelevels indicate the price at which most investors feel that prices willmove lower.
• RetracementA decline that retraces a portion of a previous advance, or an advancethat retraces a portion of a previous decline. Retracements typicallycover 1/3 to 2/3 of the previous move, and a retracement of more than2/3 typically signals a trend reversal.
• Reversal PatternA chart pattern that occurs before an existing trend reverses direction,e.g. a Head and Shoulder’s reversal pattern. A break below necklinesupport indicates that the Head and Shoulder’s pattern is complete andthe prior uptrend has reversed.
• Reversal SpikeMarket turns that happen very quickly with little or no transition pe-riod.
140
• SectorA group of companies that generate revenue in similar ways, and tendto rise and fall with the economic cycle. Sectors are commonly brokendown into smaller groups called industries. Examples of sectors arefinancials sector and technology sector.
• SecurityA security is a tradeable financial instrument with a financial valuesuch as stocks, bonds, options and derivatives.
• Sell SignalA condition that indicates a good time to sell a stock.
• Selling ClimaxA sharp price decline accompanied by extremely high volume createdby panic stricken investors dumping securities. This often happens atthe end of a bear market and typically represents a good time to buy.
• Short CoveringThe process of buying back stock that has already been sold short.
• Short Position (Interest)The total amount of short sales outstanding on a specific exchange at aparticular time.
• Short SellingSelling stock not owned in anticipation of buying it back later at a lowerprice for a profit. It involves borrowing stock (usually from the broker)to sell short and using margin to finance the borrowing.
• Signal LineAlso known as a “trigger line”, it is a moving average of another indi-cator that is used to generate simple buy and sell signals. The popularsignal line is the one that is built into the MACD display. A buy signalis generated when the MACD line crosses above the signal line and asell signal is generated when the MACD line crosses below the signalline.
141
• SpreadThe difference between the bid and the ask. Generally speaking, moreliquid (heavy volume) stocks usually have smaller bid/ask spreads.Less liquid stocks (light volume) usually have larger spreads.
• SpringA situation that occurs when prices break below the support line, butsoon reverse course and move back above support. Prices are said to“spring” back from their support break and indicate that the bulls arestill alive. A spring can also be referred to as a failed (bearish) signaland is considered bullish. Generally, the reversal should occur within1-3 days of the support break for the failed signal to be consideredvalid. This is the opposite of an upthrust.
• Stochastic OscillatorA momentum indicator developed by George Lane that measures theprice of a security relative to the high/low range over a set period oftime. The Stochastic Oscillator can be used like any other oscillatorby looking for overbought/oversold readings, positive/negative diver-gences and centerline crossovers.
• Stop Loss OrderAn instruction to the broker to buy or sell stock when it trades beyonda specified price. They serve to either protect the profits or limit thelosses.
• Stop-And-Reversal IndicatorSee Parabolic SAR.
• SupportA price level at which there is sufficient demand for a stock to cause ahalt in an downward trend and turn the trend up. Support levels indicatethe price at which most investors feel that prices will move higher.
• Symmetrical TriangleA sideways chart pattern between two converging trendlines in which
142
the upper trendline is declining and the lower trendline is rising. Thebreakout through either trendline signals the direction of the price trend.
• Technical AnalysisThe study of market action, usually with price charts, which includesvolume and open interest patterns. Compare this to Fundamental Anal-ysis.
• ToppingA period where the stock or market is “catching its breath” after anadvance, characterized by a flat trading range without any noticeabletrend. It is common to see a topping period after a lengthy increase ofthe stock price. Topping may be a sign of distribution.
• TraderA trader is someone who tends to take a short to medium-term viewwhen buying a security. A trader usually relies on market volatilityand swings to make profits.
• Trailing StopA stop-loss level set above or below the current price that adjusts as theprice fluctuates. For a long position, a trailing stop would be set belowthe current price and would rise as the price advances. Should the pricedecline and reach the trailing stop, then a stop-loss would be triggeredand the position closed. As long as the price remains above the trailingstop, the position is held. Indicators such as the Parabolic SAR can beused to set trailing stops.
• TrendRefers to the direction of prices. It can be an uptrend or a downtrend.
• TrendlinesStraight lines drawn on a chart below reaction lows (in an uptrend) orabove rally peaks (in a downtrend) that determine the steepness of thecurrent trend.
143
• TrianglesSideways price patterns in which prices fluctuate with converging trend-lines. The three types of triangles are symmetrical, ascending and de-scending triangles.
• Triple TopA price pattern with three prominent peaks at about the same level. Thetriple bottom is the mirror image of the top.
• Typical PriceThe average of intraday high, low and close.
• UptrendA straight line drawn upward and to the right below the reaction lows.The longer the uptrend has been in effect and the more times it hasbeen tested, the more significant it becomes. Violation of the trendlineusually signals that the uptrend may be changing direction.
• UpthrustA situation that occurs when prices break above resistance, but soonreverse course and break back below resistance. Also referred to as afailed (bullish) signal and is considered bearish. Generally, the reversalshould occur within 1-3 days of the resistance breakout for the failedsignal to be considered valid. This is the opposite of a spring.
• VolatilityA measurement of change in price over a given period. It is usuallyexpressed as a percentage and computed as the annualized standarddeviation of the percentage change in daily price. The more volatile astock or market, the more money an investor can gain or lose in a shortperiod of time.
• VolumeThe number of trades in a security over a period of time.
• WedgeA reversal chart pattern characterized by two converging trendlines that
144
connect at an apex. The wedge is slanted either downwards or upwardsdemonstrating bullish or bearish behavior respectively.
• Weekly ReversalAn upside weekly reversal is present when prices open lower on Mon-day and then on Friday close above the previous week’s close. A down-side weekly reversal opens the week higher but closes down by Friday.
• Weighted Moving AverageA moving average that uses a selected time span, but gives greaterweight to the more recent price data.
• WhipsawOccurs when a buy or sell signal is reversed in a short time. Volatilemarkets and sensitive indicators can cause whipsaws.
• Williams %RDeveloped by Larry Williams, Williams %R is a momentum indicatorsimilar to Stochastics Oscillator and is especially popular for measur-ing overbought and oversold levels.
Chapter 13
Graphical User Interface(GUI) Glossary
To familiarize yourself with ChartNexus and derive the maximum benefit,this is a list of the GUI jargons that you will come across throughout thisdocument.
• Close window or popup windowFound at the top right corner of any pop up window
NOTE: You can use shortcut key ESC found on your keyboard to closethe window as well. See Appendix 11.
• Drop-down list or pull-down list
145
146
• Tooltip
• Menubar and menu
• Toolbar
147
• Pushpin
• Menu itemThe items found in the menubar
148
• Scrollbar
• Button
• Radio button
• CheckboxTo select/switch on the option, click on the checkbox once. To de-select/switch off the option, click again on the checkbox.
149
• Textbox or input box
• Toggle buttonTo select/switch on the option, click on the toggle button once. Tode-select/switch off the option, click again on the toggle button.
• TableYou can change the order of the columns by left-clicking your mouseand dragging it to the desired order as shown below.
150
• Tree
