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

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".

Second Index on our Chart

Another improvement was made on our charts. From now on you may plot second index on the main index pane and compare its trend to the main index trend.

This innovation on our charts lead to transferring volatility indexes (VIX, VXO and VXN) from the "Studies" pane (lower indicator pane) into the main index pane. Because of that, you will be able to apply various technical studies to the volatility indexes and analyze them as it is done with regular indexs.

Chaikin Oscillator, Bollinger Bands, Momentum and Williams %R

Once again, MarketVolume® is one step ahead of the competition. We are enhancing our services and adding new studies (indicators) to our charts. Right now, our development team 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 may monitorChaikin Oscillator  for U.S. indexes and Exchanges.

• Chaikin Oscillator
• Bollinger Bands
• Momentum
• Williams %R

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Chaikin Oscillator

Chaikin Oscillator (named after its creator) is the next step in accumulation/distribution concept and allows to analyze buying and selling pressure in smaller not growing numbers.

Chaikin Oscillator calculations are based on the applying fast (smaller bar period setting) and slow (bigger bar period setting) exponential moving averages to the Accumulation/Distribution line and calculating the difference between them:

Chaikin Oscillator  = (fast exponential MA of Accumulation/Distribution) - (Slow exponential MA of Accumulation/Distribution)

Principles of Chaikin Oscillator calculation are similar to MACD. In the same way as the MACD-Histogram is used in technical analysis to show moving average crossovers, the Chaikin Oscillator is used to see changes in the Accumulation/Distribution Line. Furthermore, majority of the principles used in MACD to generate trading signals could be used in trading system based on Chaikin Oscillator.

Bollinger Bands

Bollinger Bands was developed by John Bollinger, Bollinger Bands to compare volatility and relative price levels over a selected period of time.

The Bollinger Bands were designed to identify periods of high and low volatility and to define periods when prices are at extreme, and possibly unsustainable, levels. Ability to identify volatility helps to adjust a trading system to generate signals in time and not when its too late or too early. At the same time changes in the volatility may alert to monitor stock (security) for a possible changes in the trend. In this case other technical indicators could become handy and help in determination of a potential reversal.

As a rule, stocks (securities) go through periods of high volatility and low volatility. Historically noticed that the sharp changes in price trend can occur when volatility is low. Bollinger Bands allow visually identify these periods: tight bands indicate low volatility and wide bands indicate high volatility. Volatility can be important for options players as well, simply, because options price depends on the volatility of underlying security and the lower volatility of stock is the cheaper options are on that stock.

In addition to volatility analysis Bollinger Bands may be used in junction with other indicators to predict significant moves. "Double Bottom Buy" and "Double Top Sell" are commonly used techniques in technical analysis to predict Buy and Sell points.

Momentum

Momentum indicator is a simplified version of ROC (Rate of Change) and measures the security's price change over a given time span. The same as ROC Momentum Indicator provides an indication of a market's velocity and to some degree, a measure of the extent to which a trend still holds true.

Momentum Indicator could be used to spot possible reversal points. Both Momentum Indicator and ROC could be used as trend following (lagging) indicators in similar to MACD way: buy when indicator start to move up after hitting a bottom and sell when indicator start to decline after hitting a top.

The Momentum indicator could be used as leading indicator as well. In many cases, Momentum indicator rally up sharply before a reversal down and declines sharply before a reversal up.

Williams %R

Williams %R was developed by Larry Williams and is a momentum technical indicator that is used in technical analysis much like the Stochastic Oscillator. The same as Stochastics, Williams %R serve to define overbought and oversold levels and reading in the range between 0 and minus 20 are considered as overbought while readings in the minus 80 and minus 100 range are considered oversold. The difference between Stochastics and Williams %R indicators is that the first one is always positive and moves between 0 and 100 and second one is always negative and moves in the range between minus 100 and 0.

The same as with Stochastics and other aspects of technical analysis that serve defining overbought/oversold levels, the overbought market (stock, security) does not necessarily imply time to sell and oversold market does not necessarily imply time to buy. A stock (security) could be heavily overbought and still move up while strongly oversold stock may continue to drop pushed by panic selling. It is recommended to wait when Williams %R moves above minus 80 after being below this level (after being oversold) to buy and wait when Williams %R drops below minus 20 after being above it (after being overbought) to sell. One of the conservative approaches could be to wait when Williams %R crosses minus 50 for confirmation of a trend reversal.

Once a security becomes overbought or oversold, traders should wait for a signal that a price reversal has occurred. One method might be to wait for Williams %R to cross above or below -50 for confirmation. Price reversal confirmation can also be accomplished by using other indicators or aspects of technical analysis in conjunction with Williams %R.

More Studies Coming

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Historical Quotes and Charts

We are enhancing our services and extending daily history of the indexes.

Some of the indexes could be scrolled back to 1929 on our charts.

A unique feature of our charts is that they encompass both real-time and historical data. This means that you can monitor what is happening in terms of index value and volume at this very moment (i.e., in real-time), and you can also go back in time to see how a specific event played out in the past - all on one chart. This feature can become a tool for personal research.

The "scrolling arrows"(found at the charts very bottom) can be used to access a particular date of interest.

We believe our historical data sets will help you in your technical analysis to analyze current trends and anticipate future trend movements.  See below some of the chart snapshots in history from one of our PLATINUM subscribers:

Chart 1: Dow Jones Industrial chart, crash in 1929 - 1934, 1 bar = 1 day




Chart 2: Dow Jones Industrial chart, market crash in 1973 - 1974, 1 bar = 3 days




Chart 3: Dow Jones Industrial chart, market crash in 1987, 1 bar = 1 day



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AD Line and TRIX

Once again, MarketVolume® is one step ahead of the competition. Right now, our development team 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 may monitor Advance Decline Line  for U.S. indexes and Exchanges.

• Advance Decline Line
• TRIX and TRIX 2 Line
• Standard Deviation

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Advance Decline Line

Advance Decline Line is one of the well known breadth indicator in technical analysis.  Initially Advance Decline Line (AD Line) has been applied to NYSE (New York Stock Exchange), yet, we are the first who started to provide this technical indicators for other indexes and exchanges which allows to use AD Line to analyze smaller stock market sectors.

As with all other breadth indicators AD line could be applied to the basked of stocks only and is based on the Advance/Decline Issues, however we are the first who started to apply the Advance Decline Line formula to volume of advances and declines as well as we are first who started to monitor AD Line on intraday charts.

Below you may see the S&P 500 advance decline line and advance decline volume line.

Chart 1: S&P 500 index - Advance Decline Line.

TRIX and TRX 2 Line

TRIX displays the percent rate-of-change of a triple exponentially smoothed moving average of a security's closing price in order to eliminate price movements that are insignificant to the larger trends by reducing price volatility.

Below you may see S&P 500 60-day (1 bar = 1 hour) chart example of using TRIX indicator in hypothetical trading system that generates "Buy/Sell Signals" on crossovers of TRIX and zero line around which TRIX oscillates.

Chart 2: S&P 500 index - TRIX.

Another way of using TRIX is to use it with "Signal Line". On the chart below (see chart #2) you may see example of TRIX trading system that generates signals on TRIX and "Signal Line" crossovers.

Chart 3: S&P 500 index - TRIX 2 line (Signal Line).

If you compare chart #1 to the chart #2, you may notice that with the same setting the second trading system is more sensitive and may earlier spot trend reversals. However at the same time the second trading system would generate more signals and as a result probability of fake signals is higher. Furthermore depending on the trading style one trader may prefer using TRIX while other may select TRIX with "Signal Line".

Standard Deviation

The Standard Deviation is used in technical analysis and trading systems to measures stock's volatility statistically by showing the difference of the prices from the average one. Normally, this indicator is used as a constituent of other indicators.

One of use of the Standard deviation is to confirm the down-trend and up-trend. As a rule, during the up-trend the market is less volatile while during the downtrend and market crashes we may witness high volatility which is caused by panic selling.

In trading systems Standard Deviation (as other volatility indicators) is used to define periods of the volatility and adjust used technical indicators setting to it. It is well know that in high volatile market the price trend changes faster and trading system should react on the signals faster, otherwise it could be too late to open/close a trade. At the same time in low volatile market a trader may set the trading system to generate signals with delay to avoid situation of premature opened/closed trades.

Chart 4: S&P 500 index - Standard Deviation.

More Studies Coming

Advance Decline

We are enhancing our services and adding new studies (indicators) to our charts...

Advance Decline PO

Once again, MarketVolume® is one step ahead of the competition. Right now, our development team 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 may monitor A/D PO (Advance Decline Percentage Oscillator), and we are the only source of AD PO for U.S. indexes and Exchanges.

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About Advance Decline Percentage Oscillator (OBV)

To avoid a situation when the A/D Ratio would run towards infinity our team has developed and implemented a new technical indicator Advance/Decline Percentage Oscillator (A/D PO) in September 2008. We are the first who introduced this indicator to the world and at the current moment we are the only company that provides this indicator and we consider ourselves this indicator developers.

The A/D PO has the same meaning and analyzes the ratio between the advances and declines. The difference between A/D PO chart and A/D Ratio chart (with similar chart setting) is barely noticeable. Yet, it allows to analyze the A/D Ratio results in the percentage scale from -100% to +100%.

Below you may see formulas used in A/D Percentage Oscillators.

Advance/Decline Issues Percentage Oscillator:

A/D Issues PO =

Advance Issues - Decline Issues Advance Issues + Decline Issues

x 100

Advance/Decline Volume Percentage Oscillator:

A/D Volume PO =

Advance Volume - Decline Volume Advance Volume + Decline Volume

x 100

Advance/Decline Momentum Volume Percentage Oscillator:

A/D Mom Volume PO =

Advance Mom Volume - Declined Mom Volume Advance Mom Volume + Declined Mom Volume

x 100

New Highs/Lows Percentage Oscillator:

H/L PO =

New Highs - New Lows New Highs + New Lows

x 100

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New Indexes

We are enhancing our services and adding new indices to our charts...

NASDAQ Transportation (^IXTR)
NASDAQ Biotechnology (^NBI)
NASDAQ Industrial (^IXID)
NASDAQ Computer (^IXK)

Once again, MarketVolume® is one step ahead of the competition. Right now, we have added new indexes to our charts. MarketVolume® is the only source of real-time intraday index volume and advance / decline, SBV, MVO charts for major US indexes and exchanges.

Now, we are raising the bar even further. From now on, our subscribers may apply volume and advance decline based technical indicators to Dow Jones Composite Averages, NASDAQ Transportation, NASDAQ Biotechnology, NASDAQ Industrial and NASDAQ Computer indexes and track sentiment changes in these market sectors. At the current moment we are the only source of these studies for these indexes.

In order to properly load new chart version, some web browsers may require you to refresh cache memory on your computer (use the Ctr-F5 button before and after login).

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NASDAQ Transportation

The NASDAQ Transportation Index has been introduced on February 5, 1971 contains covers Transportation and Airlines (delivery services, marine transportation, railroads, transportation services, trucking, and airlines) NASDAQ-listed public companies.

NASDAQ Biotechnology

The NASDAQ Biotechnology Index covers Biotechnology or Pharmaceuticals public companies listed and traded on the NASDAQ Stock Exchange. This index was introduced on November 1, 1993 with a base of 200.00 and reflect the sentiment in the biotechnology market sector.

NASDAQ Industrial

The NASDAQ Industrial Index was lunched on February 5, 1971 with a base of 100.00. This index cover the NASDAQ-listed companies which are not included in other NASDAQ sector indexes: oil and gas productions, oil equipment, forestry and paper, services & distribution, construction and materials, aerospace and defence, general industrials, chemicals, industrial metals, industrial engineering, automobiles and parts, mining, electronic and electrical equipment, beverages, food producers, household goods, leisure goods, personal goods, general retailers, media, support services, hotels, recreational services, gambling, restaurants and bars, tobacco, food and drug retailers, travel & tourism, electricity, gas distribution, water, and multi-utilities.

NASDAQ Computer

The NASDAQ Computer Index covers public companies listed and traded on the NASDAQ Stock Exchange from the Technology industry with exception of the Telecommunications Equipment companies. This index includes computer service, internet, software, computer hardware, electronic office equipment, and semiconductors companies. The NASDAQ Computer Index was introduced on November 1, 1993 with a base of 200.00.

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New Indexes

At the current moment our team is working on adding new indexes to our index charts. By the end of this month we plan to make available on our charts following U.S. indexes:

NASDAQ Biotechnology (^NBI)
NASDAQ Computer (^IXK)
NASDAQ Transportation (^IXTR)

OBV, PPO and ATR

We are enhancing our services and adding new studies (indicators) to our charts…

OBV, PPO and ATR

New charts have been installed on our server.

OBV, PPO and ATR has been added to the list of technical studies available with our charts.

The new chart version is 7.2.7.

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About On Balance Volume (OBV)

The OBV calculations are simple. The On Balance Volume is cumulative total of the negative and positive volume, where the negative volume is volume during the price decline and positive volume is volume during the price advance.

The On Balance Volume could be used as confirmation indicator as well as a tool to predict coming trend reversal.

If the OBV line moves along with the price MA (Moving Average) technical analysis tells that the OBV confirms the up-trend. At the same time the OBV decline during the price drop would confirm a down-trend. The divergence of the SBV movement and price trend could be used to anticipate possible changes in the market trend. The declining OBV during the price advance may indicate possible beginning of a new down-trend, while advancing OBV during the price decline could indicate a possibility of begging a new up-trend.

Chart 1: Nasdaq 100 index - On Balance Volume (OBV).

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About Average True Range (ATR)

The ATR indicator could be very useful in trading systems to define stock market periods of high volatility. From the chart above you may see that since August 2007 the Nasdaq 100 index has been 2-3 times more volatile. It means that from that month the Nasdaq 100 price changes its direction 2-3 time faster then before. As a result, technical indicators setting used in the period prior August 2007 may fail to generate signals after that month. The old indicators setting may simply open and close a trade when it is already too late.

As you may see the ATR helps identify high volatile period. In August 2007 by having ATR data, proficient in technical analysis trader would adjust the indicators to be more sensitive and faster react on the price changes.

Chart 2: Nasdaq 100 index - Average True Range (ATR).

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About Percentage Price Oscillator (PPO)

The PPO is a percentage representation of MACD and all principles of technical analysis used with MACD could be applied to PPO and PPO would generate signals similar to the signals generated by MACD. As a result PPO is widely used with PPO-histogram which are analyzed in the same way as MACD histogram.

The same as with MACD the PVO could be used to generate signals from:

• Divergence

• Moving Average Crossover

• Centerline Crossover

The advantage of the PPO over MACD is that because PPO is percentage based it allows comparing the PPO of various securities.

Chart 3: S&P 500 index - Percentage Price Oscillator (PPO) and MACD.

More Studies Coming

Stay with us - And always get the latest in technical market analysis!

OBV, PPO, ATR

By the end of this week we are planning to introduce PPO (Percentage Price Oscillator), OBV (On Balance Volume) and ATR (Average True Range) indicators on our charts. These indicators are well known and we believe that expanding the number of technical studies available with our charts will help our subscribers to use our charts and proprietary indicators (SBV, MVO and Advance/Decline) in junction with other popular studies.

QQQQ Chart

New charts have been installed on our server.

QQQQ has been added to our chart(available to GOLD and PLATINUM subscribers only).

The new chart version is 7.2.6.

From now on,

• Our subscriber may analyze and monitor QQQQ on our charts.
   
• SBV Oscillator, MVO and other proprietary studies could be applied to QQQQ

How to open QQQQ charts:

1. Open our Index charts;
    
   
2. Select QQQQ from the index drop down menu.

New charts

At the current moment our charts are updated once a minute. For example, the 9:30 bar covers a period from 9:30:00 until 9:30:59 and we update our data after the bar completion.

Staring from tomorrow (July 24, 2008) we will have new updated chart version installed on our main server.

Important: In order to properly load new chart version, some web browsers may require you to refresh cache memory on your computer (use the Ctr-F5 button before and after login).

The implemented update will allow having 1-day and 2-hour chart periods to be updated every 30 seconds. On the 1-day and 2-hour chart periods 1 bar = 1 minute and we believe that it is essential to have chart updates as often as possible for these view periods. 5-day, 10-day, 15-day and higher timeframe charts will be updated once a minute after bar completion (the same as before).

E-mini charts will stay unchanged and, as before, they will be updated once a minute. Yet, we are working on having the 1-day and 2-hour view periods on these charts updated twice a minute as well.