StockCharts is a world-renowned platform for stock market analysis. It provides traders with insights about market trends and the general health of a stock or investment portfolio. First introduced in 1999, the platform has been continually updated, and now offers over 136 bells and whistles for those wishing to get an edge on the stock markets. As is often the case, many of the best features are the not-so-obvious ones. Below, we will discuss the top ten hidden features of StockCharts that are the most valuable.
6. “Point & Figure” Charting. On the Technical Analysis tab, there is a selection for a charting style called Point & Figure. This chart provides an alternative way to analyze price movements without being affected by the time element. It works by plotting movements and trends in the stock price instead of plotting stock prices over a certain period. This charting style has been used since the early 1900s and provides interesting insights for traders and investors who are looking for an edge.
7. Scanning and Alerts. Those looking to capitalize on opportunities in the markets can make use of the scanning and alert system offered on StockCharts. The scanner lets users filter fundamental and technical metrics to identify opportunities based on their interest or preferences. Once spotted, custom alerts can be set to receive push notifications when important criteria are hit.
8. The Forex Tab. As with stocks, analysis of Forex market trends is also an option on StockCharts. But unlike stocks, the Forex tab offers more Currency details such as the country of origin, the currency pairings, and the price of each currency. This is a beneficial tool for those who may want to engage in international trade.
9. Advanced indicators. In addition to core indicators such as moving averages and Bollinger Bands, StockCharts provides an advanced charting package for its Pro subscribers. The package features multiple indicators such as Elliot Wave, Fibonacci retracement, Gann waves and more. These indicators are helpful when looking to identify levels of support and resistance on the charts.
10. MetaStock Integration. MetaStock is a popular technical analysis software that works as an add-on to StockCharts and provides a powerful suite of tools and analysis features. By connecting MetaStock with StockCharts, users can get a more in-depth view of the market and analyze trading trends in real-time. The combination of both platforms is an effective way to gain insight and maximize profits.
These top ten hidden features on StockCharts can give traders an edge when analyzing markets. By taking advantage of the advanced charting packages, scanning and alerting options, and MetaStock integration, those looking to get ahead of the game in the stock market can find crucial insights on this powerful platform.
