Pivot Point Charts

Pivot point indicator has been added to our charts. Pivot point lines are one of the most used lines in technical analysis to define possible support and resistance levels. As a rule these lines are based on the previous day high, low and close prices and are used for the next trading day.

The basic principle of technical analysis behind Pivot Point Lines is that the index, stock or any other analyzed security has tendency of changing price trend at the Pivot Point support and resistance level.

Chart 1: S&P 500 chart with Pivot Points

TRIN

Over the last month new quotes pages were added on our website. This time our team has focused on the advanced technical indicators based on the advance/decline quotes. In particular, TRIN quotes, McClellan Oscillator quotes and 3 month of historical McClellan Oscillator quotes became available to our subscribers.

The TRIN and McClellan Oscillator have been available on our charts for a long time, yet, from now on the quotes for these indicators are available on our web site as well.

 > TRIN Quotes - The TRIN is calculated as a ration between advance/decline issues and advance/decline volume ratios. On our quote page you may see Actual value of TRIN for major indexes and exchanges (NYSE, NASDAQ, AMEX, S&P 500, etc), 10-bar moving average applied to TRIN and sentiment associated with the current TRIN readings.

 > McClellan Oscillator Quotes - McClellan Oscillator is calculated as a difference between fast and slow moving averages applied to the Advance/Decline Percentage Oscillator.

SBV Histogram

Once again, MarketVolume® is one step ahead of its competition. Right now, our development team has put the finishing touches on our new Indexes charts. MarketVolume® is the only source of real-time intraday index volume and advance / decline charts for major US indexes and exchanges. Now, we are raising the bar even further. From now on, you can monitor SBV Histogram.

SBV Histogram is an advanced version of the SBV Oscillator.

• Blue Line - SBV Oscillator
• Red Line - EMA (also called the Signal Line) applied to the SBV Oscillator
• Histogram - Difference between the SBV Oscillator and its Signal Line

SBV Histogram applies MACD formula to SBV Oscillator and like the MACD, the SBV Histogram signals may be generated when the histogram crosses the center line (zero line).

15-second updates on our charts

Our 1-day and 2-hour charts were updated twice a minute. We do not provide streaming data simply because all our indicators including volume have to be calculated. Nobody (except us) provides volume for indexes and exchanges and this small delay is a price for complex calculation in real time.

Our developers have implemented the system that allows having 1-day and 2-hour chart periods to be updated every 15 seconds (4 times a minute) on the 1-day and 2-hour charts 1 bar = 1 minute. We believe that it is essential to have these charts updates as often as possible. 5-day, 10-day, 15-day and higher timeframe charts will be updated once a minute (the same as before).

Two indexes on a chart

New version of chart has been installed on our servers. New charts allow to switch the second index in the bottom of the index pane or in the line with the first (main) index. To align second index with the main index or to move it in the bottom of the pane, use F12. The same could be done from the right mouse click menu on the chart: select "View" then "Index 2 aligned: ON/OFF".