RS = Average Gain in the Period / Average Loss in the PeriodĪverage Gain is calculated as (Previous Average Gain * (Period - 1) + Current Gain) / Period except for the first day which is just an SMA. Divergence between the price and RSI can also be analysed for potential reversals. The RSI is always between 0 and 100, with stocks above 70 considered overbought and stocks below 30 oversold. It analyses Average Gains and Average Losses to measure the speed and magnitude of price movements. Welles Wilder and detailed in his book New Concepts in Technical Trading Systems. The popular Relative Strength Index momentum oscillator was developed by J. Saved lines will appear on all Charts for the symbol provided that the chart is shown with the same Period setting. If you get it wrong just clear and start again. On the first move of the end box make sure you drop it on the required area as it will be contained within that area thereafter. Click 'Save Changes' when done.Ī trend line has to be contained within the Price Area or a Study Area. And then move the ends in turn until the line is drawn correctly. First drag one of the ends into the appropriate place. After a short pause you will see a horizontal line with two small end boxes. To add a trend line just click 'Add Trend Line'. To enable Trend lines ensure there is one Chart only on display. Trend lines cannot be added when there are multiple Charts shown. This site allows you to add your own free-hand trend lines which will then show on any Chart for that stock. They can help to show downward or upward trends and to monitor for trend breaks. Trend lines are used to show and monitor trends in a stock price. For example, to change a Plot containing EMA(50) to EMA(100), first click on EMA(50), change the Period to 100, and click an 'Apply.' button to save. To adjust the settings of an existing Plot just click on the Plot to display the details popup. To add MACD, click 'Add indicator to new area', select MACD, close the details popup, and then 'Apply.' and the Chart will be extended to show MACD. For example, you may have a Chart with two existing Areas for Candlesticks and Volume. To add a completely new Area click 'Add indicator to new area'. Use the Up and Down buttons to re-arrange the Plot order within the Area. You could then add an additional Plot to overlay a moving average. For example, you may be showing Candlesticks in the first Area. And you can add additional Areas as you wish.Ĭlick 'Overlay indicator' to add an additional Plot to an existing Area. The first Area is primarily reserved for the price Plot. Click 'Customize Chart Studies' to open or close the Charts customization panel.Ĭharts consist of one or more Areas.
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