Indicators are calculations based on price and volume history of a ticker. There are many different indicators, each with a unique formula used to measure such things as volatility, momentum, trend and money flow. Indicators can be displayed in additional panels above or below the main price panel, or in some case right on the chart behind price. To add an indicator, simply select it in the dropdown list, modify any of the default parameters if so desired, and select the position where it should appear (Below, Above or Behind Price). Many of the indicators have complicated formulas, and entire books can and have been written on several of them. As such, below is a list of each indicator with only a quick description of each. The Available Indicators are:
Price - The price data for a specified ticker. There are many creative ways to use price including overlaying it on a chart for a comparison or even creating a ratio that is relevant to the chart. See below for more on ratio charts
Price Performance - The percentage change of the closing value for a ticker. The starting point for the formula is the first closing value on the left edge of the chart.
Volume - The volume data for a specific ticker. Volume can be displayed as an overlay behind price or in its own individual panel.
SCTR Line - The Channellines Technical Rank (SCTR) is a numerical score that ranks a stock within a group of stocks.
MACD - The moving average convergence indicator is another very popular oscillating indicator formed from the difference of two specified exponential moving averages. The MACD is a collection of three signals; The MACD line, the signal line (or average line), and the difference (or divergence).
MACD Histogram - The difference between the MACD line and its signal line displayed as a histogram. This version omits the actual MACD line or the signal line in favor of solely the histogram.
Ultimate Oscillator - The Ultimate Oscillator is a technical indicator that uses the weighted average of three different time periods to reduce the volatility often associated with other indicators relying on single time periods.
Full Stochastics - A momentum based indicator that shows the location of the close relative to the high-low price range over a set number of periods. Full Stochastics allows for three parameters allowing for complete control over the indicator.
Slow Stochastics - The Slow Stochastics indicator is a simpler version that allows for only two parameters and has a smoothing component.
Fast Stochastics - Fast Stochastics also allows for two parameters with no smoothing component.
StochRSI - An Oscillator that uses the Stochastics oscillator on the RSI indicator instead of on closing values.
On Balance Volume - A cumulative sum of volume for positive days minus volume for negative days.
Accum/Distribution - A weighted sum of volume for positive days minus volume for negative days.