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Default Chart Settings
Describes the settings used for the charts at the links in the tables on the main page.
Please refer to the image above, it's a deluxe, professional candlestick stock chart
replete with key signals and indicators generated on-the-fly intraday by the GigaScanner.
Data Block
Along the top of the chart are the vital statistics such as the name, which in this case
the Rydex SP Midcap 400 Pure Growth ETF (note that you may need to look up the symbol
to get the full name, as in this case, since the field space is limited),
the symbol (RFG), the date and time, the opening, high,
low, and closing prices (O,H,L,C format), the volume of shares traded on the current
bar, and the net change from the previous price bar's or in this case candlestick's
closing price.
The second line starts with the EPS (Earnings Per Share) ranking. The EPS ranking is generated
by comparing the strength and acceleration of a company's earnings per share (EPS) figure,
where available, over a multi-year timeframe with increased weight on recent performance,
against all other symbols in the database. In this case the EPS ranking is N/A,
indicating that either an EPS number is not available in the raw data, or that the
earnings have been negative, making it impossible to calculate a percentage change.
Next is the RS (Relative Strength) ranking, which is a daily ranking of the price
performance of a given stock relative to all others in the database. In this case
the RS ranking is 51, indicating that it's done better than 51% of all the stocks
and indexes in the database. That's not surprising, since RFG represents a broad
market average.
After the EPS and RS rankings is shown the Accumulation/Distribution number, indicating
the net amount of buying versus selling pressure. A percentage of 50% indicates
the buyers and sellers are evenly matched. In this case, 42% means it's under distribution.
Following these items, toward the right end of the second line is shown the Market
Capitalization, which is the total number of shares multiplied by the price, the
50-day exponential moving average (XMA) of volume, and the percentage the price
is away from it's all-time high (ATH), based on available data.
Chart Window
From the top down, the Relative Strength Rank is plotted in black as an indicator line just under the
data block. It shows the daily strength of the stock relative
to all other symbols in the database, ranked from 0% to 99%
Just below that are the daily price bars (candlesticks in this
case) plotted in black with a white background. A candlestick chart shows at a glance the balance
between the bulls and bears for the trading within each candle (not from day-to-day).
A solid candle body means it closed lower than it opened, and conversely a hollow
body means the close was higher than the open. The high and low price extremes are
represented by the "tails" extending from the top and bottom of the body.
Graticule lines are plotted in the background in a very
light grey, to minimize distraction, with slightly darker vertical lines at the end
of each quarter. The price and volume numeric scales are plotted at the right, and
the date scale is drawn along the bottom.
The 50-day and 200-day XMAs (eXponential Moving Averages) are plotted in the same
window, in blue and red respectively, with the same scaling as the price. (Actually.
the 200-day XMA doesn't show up on this
particular chart because it's too far under the price plot, given the somewhat close-in view. We should have picked a better
example!)
The price bars / candlesticks are marked with colored "signals" to indicate the presence of a selected
technical condition which might occur. In this case, a Climax Low signal
is shown in blue. The Climax Low is a proprietary buy signal capable
of marking a low (a bottom) with extreme precision, usually to the exact day. Climax
High signals are marked in red and are designed for marking highs, and function
in roughly the opposite way.
Also shown are some All Time Highs (ATH) signals marked in bright green. Note that the ATH calculation is based on the available data, and it may not necessarily be the historical all-time high.
The volume histogram bars are plotted under the price window, with logarithmic scaling.
The 17-day exponential moving average of volume is plotted on the same scale in
blue, making it easy to see volume dryup or above-average activity.
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GigaScanner website
concept and design copyright (C) 2009, by Norwood Management Group LLC. All rights
reserved.
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