|
|
Table of Contents
Using the SharpCharts WorkbenchWhat Are SharpCharts?StockCharts.com provides individual investors with the best financial charts on the web. The bar and candlestick charts that we provide are called SharpCharts™ and are created by our award-wining SharpCharts charting "engine." The SharpCharts engine runs on the computers in our offices but anyone on the web can access them using our web-based SharpCharts Workbench. This document describes all the features of the SharpCharts Workbench and will help you create professional-looking financial charts for any of the 25,000+ stocks, indices, and mutual funds that we track. To learn how to analyze and interpret the charts, please see our education area called ChartSchool. Note: To learn how to add custom annotations to a chart, please see our ChartNotes Manual page. Subscriber LevelsBefore we dive into all the details of the workbench, it is important to note that, while most of SharpCharts' features are available to everyone, some features are reserved for our subscribers - either our entry level "Basic" subscribers or our advanced "Extra!" subscribers. The SharpCharts workbench provides all users - even free users - with access to every indicator and overlay that we support. All users can also create charts for every stock, index and mutual fund in our database. All users can also print charts, email them to friends, bookmark them for latest review, and analyse them inside our ChartNotes annotation tool. In addition, all of our paying subscribers can view intraday charts, save customized ChartStyles, and store charts inside of their account for access from any web connected computer. Subscribers to our "Extra" service can store charts in multiple ChartLists, store annotated charts inside their accounts and, optionally, view charts based on non-delayed data. For a detailed breakdown of what each subscription level provides, please see our Subscription Comparison page. Note: Throughout the rest of this document, sections that describe subscriber-only features are marked with an asterisk. Accessing the SharpCharts Workbench
There are several ways to get to the SharpCharts Workbench. The most commonly used methods are listed below. Use whichever method(s) work best for you.
About Default Charts
Members are able to change the Default ChartStyle to whatever chart configuration they prefer (see below for details). Size, duration, period, type, overlays, colors - all of these things can be customized and then saved as the Default ChartStyle. As long as you are logged into your account, any new charts you create will first appear with your default settings. Entering Ticker SymbolsOnce you have the SharpCharts Workbench open, you can enter a new ticker symbol in one of three different ways:
Note: If you aren't sure of the ticker symbol, just type part of the company's name into the Symbol box and press the "Enter" key. We will search for any stocks/funds/indices in our database that contain what you typed and show you the results. Updating the ChartWhenever you make a change to any of the settings of a chart, you need to Update the chart in order for those changes to appear. To update a chart, simply click on any of the "Update" buttons located above and below the chart. Pressing the "Enter" key will usually update the chart as well. Note: Extra members can use the "Auto-Refresh" dropdown box - located just below the ticker symbol - to have their charts automatically update throughout the day. Changing the Chart's PeriodEach bar or candle on a chart represents a unit of time called a "period." Examples of periods include 1-minute bars, 10-minute bars, 60-minutes, daily bars, and weekly bars. You can change the period of a chart by using one of the "Periods" dropdowns. There's one above the chart next to the Symbol box and one below the chart in the "Chart Attributes" area. Free users can select either "Daily" or "Weekly" chart periods. In addition, subscribers can select "1-minute", "5-minute", "10-minute", "15-minute", "30-minute", "60-minute", and "Monthly" chart periods. Note: All of the time-based parameters that our indicators use are based on the chart's "Periods" setting. For example, a Moving Average with a parameter of 5 will create a 5-day MA on a "Daily" chart but if the chart's period is change to "Weekly", that same setting will result in a 5-week MA on the new chart. Reviewing Saved Charts Quickly*
Subscribers will find two blue arrows - Warning: Clicking either of these arrows will instantly load the appropriate chart, overriding any unsaved changes you have made to the chart you are currently looking at. Note: For instructions on how to save a chart into your account, see the section "Adding a Chart to Your Saved Charts" below. Selecting Saved Charts from ChartLists*Subscribers to our site will see a couple of additional controls above the chart for selecting and managing any charts that they have saved into their accounts. Basic members will see one dropdown that contains all of their stored charts while Extra members will see two dropdowns - one containing all of their ChartLists and the other one containing all of the charts in the currently selected ChartList. The use of these dropdowns is pretty straightforward - just click the down-arrow and then select the chart (or ChartList) that you want to see. As soon as you click on a chart's name, it will be downloaded and displayed with all of its settings. Warning: Selecting something from these dropdowns will instantly load the appropriate chart, overriding any unsaved changes you have made to the chart you are currently looking at. Note: For instructions on how to save a chart into your account, see the next section. Adding a Chart to Your Saved Charts*There are two ways for members to save a chart into their account. The first is to click the "Add New" link located just below the Chart dropdown above the chart and then click the "Add" button in the box that appears. The second method is to click the "Add Current Chart" link located near the bottom of the page in the "ChartList" section. In both cases, you will see a suggested name for your chart appear (ex. "$INDU - Daily Candlesticks, 520"). You can choose to keep that suggested name or change it by simply typing a new name in the box before clicking the "Add" button. You can dismiss the popup box without adding a chart by clicking on the little "X" icon in the upper right corner of the popup. Viewing Multiple Saved Charts at Once*Members can use the "View All Favorites" link located just above the chart on the right to switch to a 10-charts-per-page view of their saved charts. See our Basic Members and Extra Members user manuals for more details. Note: Once they stop making lots of changes to their charts, many members find that it is faster to review their charts in 10-per-page view rather than one at a time in the workbench. Using StyleButtons*
The red arrow points to the two style buttons in this picture. » Note: These buttons can allow you to quickly switch between different types of chart analysis in order to evaluate a stock or index in several different ways. For instance, you might set up "Short-Term", "Medium-Term" and "Long-Term" buttons and then, using the blue arrows above the chart, step through your saved list of stocks, stopping to use the StyleButtons to check out each stock from those three perspectives. Common Action LinksA collection of links to common chart actions is located just below the chart. Each link is described below:
Note: Use the "Print" link to print just the chart you are looking at. Use your browser's "File/Print" command to print out the chart with all of its settings. Using ChartStyles*
A ChartStyle is a collection of all the settings that go into making a SharpCharts without including the ticker symbol. ChartStyles help you look at the same stock in a variety of different ways with just a couple of clicks. Basic members can store up to three different ChartStyles in their account, Extra members can store up to twenty. Members can see all of their saved styles in the "ChartStyles" dropdown located just below the chart. In addition to your own ChartStyles, that dropdown also contains several predefined styles that we provide (e.g., John's Daily Stocks). To use a ChartStyle from that list, simply click on it and your chart will be redrawn immediately with the saved settings for that style. ChartStyles can also be accessed by clicking on one of the StyleButtons located just to the left of the chart. Note: StyleButtons will only appear if they have been configured to do so. Creating and Managing ChartStyles*To the right of the ChartStyles dropdown is a collection of links that can be used to create and manage your ChartStyles.
Setting Chart Attributes
Chart Attributes are settings that affect either the entire chart or the price plot portion of the chart. Each of the attributes is described below. All of the Chart Attributes are grouped together in the first large area below the chart. Note that if you do not change these attributes often and you'd rather not have them visible, you can click the little "+" icon to the left of the words "Chart Attributes" to collapse the section.
In addition, subscribers have the ability to "pull-out" the advanced chart settings by clicking on the green arrow to the left of the "Color Scheme" dropdown. They can then change the following settings:
Note: If your charts are taking a long time to download, try disabling Line Smoothing and using a coarser Grid setting - especially if you are looking at a chart with a large number of data points on it. Setting the Chart's RangeThere are three different ways to set the duration of our charts. Each method fits the needs of a different group of analysts. Be sure to understand the pros and cons of each technique before deciding which one is best for you. Often, a combination of Range settings is used. The three techniques are Fill-the-Chart, Predefined Range, and Select Start/End. The Range dropdown contains entries for each of the three techniques as well as some commonly used Range settings for quick access. Fill-the-Chart ModeFill-the-Chart mode will fit as many correctly-sized price bars as it can into the chart's area. In this mode, the size of the bar (and the size of the gap between the bars) is the highest priority. It's for people that want to study the most recent chart developments using undistorted charts. Fill-the-Chart charts always end on the most current date. The starting date for these kind of charts varies based on the number of undistorted bars that can fit within the width of the chart. Fill-the-Chart mode can be customized by changed any of three settings:
Suggestion: Always start by creating a Fill-the-Chart chart. Once you've got everything else looking correct, you can then come back and change the Range setting as needed. Predefined Range ModePredefined Range mode will show you all of the bars for the duration you selected ending on the most current closing date. The size of the bars will be automatically adjusted to use the space that's available. If there is lots of room and relatively few bars, they will be large. If there is not enough room for all the bars during that period, they will be compressed and possibly distorted. To avoid this kind of distortion you can either widen your chart, change to a longer chart period (e.g., weekly bars) or change to a shorter duration. The Range dropdown contains the general "Predefined Range" choice as well as a collection of commonly used "short cuts" (e.g., 1 month, 6 months, 1 year, etc.). The short cut versions are indented in the dropdown. Regardless of which entry in the dropdown you select, you will be presented with three additional dropdowns - Years, Months, Days - and an Extra Bars field. If you use one of the short cuts, the drop downs will be pre-filled with your choice, otherwise you will have to select the duration yourself using whatever combination of Years, Months and Days that you want. When you're done, click the "Update" button to see the results. The Extra Bars field works just like it does in Fill-the-Chart mode (see above). Note: Free users are restricted to no more than 3 years of historical data regardless of the settings selected. Select Start/End ModeSelect Start/End Mode allows you to specify a starting and ending date for your chart. Just like with Predefined mode, the size of the bars will vary depending on the room available in the chart and bars may be distorted if there isn't enough space. The Range dropdown contains the general "Select Start/End" choice as well as one short cut - "Year-to-Date". If you select "Year-to-Date", the starting and ending date fields will be filling in automatically, otherwise you will have to fill in those fields. Use the format "YYYY-MM-DD" to enter your dates - i.e., four numbers for the year, a dash, two numbers for the month, another dash, and two final numbers for the day.
Notes: Setting the Chart's Type
Adding Price Overlays
Overlays are collections of lines and symbols that are designed to appear on top of price bars in the price plot area. Examples include moving averages and price channels. To add an overlay to your chart, simply select it from an unused dropdown on the left side of the "Overlays" area. The dropdown contains a list of all the overlays we support including:
Detailed descriptions of most overlays can be found in the Indicators section of our ChartSchool area. The "About Overlays" link at the bottom of the Overlays area will take you there. Many overlays take one or more additional parameters that can modify the information they display. Whenever an overlay is selected from its dropdown, sample parameters will be inserted into the corresponding "Parameters" box. If an overlay takes more than one parameter, commas are used to separate them. Most parameters are optional - if you do not specify a parameter, we will either substitute in a sample parameter value or remove the corresponding features from the chart. See the Indicators section of our ChartSchool area for detailed information on when each parameter for each overlay does. To delete an overlay from a chart, simply select the "- None -" entry from the top of the dropdown box. To quickly delete all overlays, click the "Clear All" button at the bottom of the Overlays section. Changing Advanced Overlay Options*
Click on the green arrow located to the right of the first overlay to "pull out" the Advanced Overlay Options pull-out. This pull-out is only available to members. Occasionally, the order in which overlays are specified matters. In those cases, you can use the Reorder arrows to the right of each overlay to rearrange things. Overlays can be displayed using several different line Styles including Solid Lines, Dashed Lines, Area fills, Histograms, and Dots. Finally, you can also change each overlay's Color and Opacity. Tip: For "banded" oscillators like Bollinger Bands and Price Channels, try using the "Area" style with an opacity of 0.3. Adding Technical Indicators
Indicators are collections of lines and symbols that are typically (but not always) displayed in additional panels located above or below the main price panel. (SharpCharts2 also allows you to create "Overlaid" charts where indicators can be positioned behind the price bars or behind other indicators.) Examples of technical indicators include the MACD and the RSI. To add an indicator to your chart, simply select it from an unused dropdown on the left side of the "Indicators" area. The dropdown contains a list of all the indicators we support including:
Detailed descriptions of most indicators can be found in the Indicators section of our ChartSchool area. The "About Indicators" link at the bottom of the Indicators area will take you there. Many indicators take one or more additional parameters that can modify the information they display. Whenever an indicator is selected from its dropdown, sample parameters will be inserted into the corresponding "Parameters" box. If an indicator takes more than one parameter, comma's are used to separate them. Most parameters are optional - if you do not specify a parameter, we will either substitute in a sample parameter value or remove the corresponding features from the chart. See the Indicators section of our ChartSchool area for detailed information on when each parameter for each indicator does. To delete an indicator from a chart, simply select the "- None -" entry from the top of the dropdown box. To quickly delete all indicators, click the "Clear All" button at the bottom of the Indicators section. Setting Indicator PositionsIndicators also have a "Position" dropdown box that allows you to set the location for each indicator's panel. Here's what each of the Position settings mean:
Note: The "Behind Price" and "Behind Ind." settings are used to create Overlaid charts - a key feature of SharpCharts2. Changing Advanced Indicator Options*
Click on the green arrow located to the right of the first indicator to "pull out" the Advanced Indicator Options pull-out. This pull-out is only available to members. The order in which indicators are specified determines their position on the chart. For example, the first indicator with it's "Position" set to "Above" appears at the top of the chart, the second one with "Above" appears below that, and so on. Members can use the Reorder arrows to the right of each indicator to rearrange things. If a "Price" indicator has been added to the chart, a Style dropdown appears allowing you to choose the manner in which the price data should be displayed such as Candlesticks, OHLC bars, Line, Area, etc. Color and Opacity dropdowns are also available. Setting the Indicator HeightFor indicators with a Position setting of "Above", "Below" or "Behind Price", the Height setting is the vertical size of the indicator's display as a percentage of the height of the Price Panel. For example, if the Price Panel was 100 pixels tall, an "Above" indicator with a Height setting of "0.6" would be 60 pixels tall. For indicators with a Position setting of "Behind Ind.", the Height setting is the vertical size of the indicator's display as a percentage of the height of the panel it appears in (typically the panel of the indicator lists above it). For example, if the first indicator's panel was 40 pixels tall, and the second indicator had a position of "Behind Ind." and a height of "0.5", the second indicator would occupy the middle 20 pixels of the first indicator's panel. To reset all of the indicators to the same height, use the Reset All Heights dropdown located at the bottom of the Indicators area. Charting Indicator Overlays*Members can also chart indicators that are based on the values of another indicator using the final dropdown in the "Advanced Indicator Options" pull-out. These are called Indicator Overlays. Unlike normal overlays (which are calculated from the main stock's price data), Indicator Overlays are calculated from the values of the indicator they are associated with. The following Indicator Overlays are supported: Horizontal Line, Simple Moving Average, Exponential Moving Average, Bollinger Bands, Channels (like "Price Channels"), Moving Average Envelopes, Keltner Channels, ZigZag, ZigZag with Retracements, Labels (like "Price Labels"), Bollinger Band Width, CCI, Full Stochastics, Rate-of-Change, Standard Deviation and Slope. Managing Your Saved Charts*
The final area near the bottom of the workbench page is the ChartLists area. It contains controls and links that members can use to manage the charts that they have saved in their account. Members can add a new chart to a ChartList, change an existing chart, delete an existing chart, or change the look of all the charts in a ChartList. Adding a New Chart to a ChartListTo add the current chart to an existing ChartList, click on the Add Current Chart link located at the top of the ChartLists area. Make any changes to the chart's name, select the list that you wish to store it in (Extra members only), and click the "Add" button. You can also use the "Add New" link above the chart to do the same thing. Changing an Existing ChartTo change an existing chart, first select the chart that you wish to edit from the "Chart" dropdown at the top of the page. Next, make whatever adjustments you want to make and click the "Update" button. Next click the Save Changes link in the ChartLists area, adjust in chart's name (optional), and finally click the "Save Changes" button in the popup that appears. Deleting an Existing ChartTo delete an existing chart, first select the chart that you wish to delete from the "Chart" dropdown at the top of the page, then click on the Delete link in the ChartLists area. Click the "OK" button to confirm your deletion request. To Change All Charts in a ChartListTo set all of the charts in a ChartList so that they use the same settings, first (if you are an Extra member) select the ChartList that you want to modify from the "ChartList" dropdown at the top of the page. Next, modify the current chart so that it has the style that you wish to use. Finally, click the Apply Style To All button in the ChartLists area. Click "OK" to confirm your decision. |
|
Join Now! |
Newsletter |
FAQ |
Glossary |
Terms of Service |
Privacy Statement
|
|
Unless otherwise indicated, all data is delayed by 20 minutes ©1999-2007 StockCharts.com All Rights Reserved |