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Archive for the ‘Chart Patterns’ Category

Zig Zag

The Zig Zag filters out small movements in price to highlight trends. It looks for price moves greater than the threshold level and plots straight lines between those points. The Zig Zag is more of a visual tool than an indicator. It is non-predictive; in fact, the formula looks forward in time to find the zig zag points. The purpose of the Zig Zag is to make chart patterns clearer.

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Standard Error Bands

Standard Error Bands are a type of envelope. They look similar to Bollinger Bands, however the calculation and interpretation is different. The middle band is a Least Squares Moving Average. The high band is the middle band plus a factor times the n period standard error. The low band is the middle band minus a factor times the n period standard error.

When the bands are close together, it means that there is a low standard error, which means that the price is in a trend. When the bands are farther apart, then the price is not trending. When the price is in a trend and the bands are close together, look for the bands to widen to signal the end of the trend.

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Projection Bandwidth

Projection Bandwidth is based on the Projection Bands indicator. It is the ratio of the width of the bands to the midpoint. A low number indicates that the bands are narrowing; a high number means that the bands are widening. The band width is a measure of volatility. Narrow bands mean a narrow trading range and low volatility; wide bands, wide range, high volatility.

See also Projection Bands and Projection Oscillator.

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Projection Bands

Projection Bands are calculated by finding the highest high and lowest low over the last n periods and plotting them parallel to a regression line of the high/low. The Projection Bands are support and resistance levels. When the price reaches the upper band, it signals a price top and probable reversal. Likewise, when the price reaches the bottom band, it signals a bottom. The price will never actually break above or below the bands (unlike Bollinger Bands).

See also Projection Bandwidth and Projection Oscillator. For other types of bands, see Bollinger Bands, Envelope, and Price Channels.

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Is there a way to get old daily stock charts?

I need the DAILY stock charts for wheat and other stocks for the dates 4/14, 4/15, 4/16, 4/17, 4/18. I looked everywhere but couldn’t find a site to get old charts. Is there a site that logs these dates anywhere?


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Price Channels

The Price Channels indicator creates a high band of the highest high over the last n periods and a low band of the lowest low over the last n periods. The bands are support and resistance levels.

See also Bollinger Bands, Envelope, and Projection Bands.

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Bollinger Band Width

The Bollinger Band Width indicator is the distance between the upper and lower Bollinger Bands. It is a measure of volatility. The Band Width value is higher when volatility is high and lower when volatility is low. High Band Width values indicate that the current trend may be about to end. Low Band Width values indicate that a new trend may be about to start.

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Bollinger Bands

Bollinger Bands consist of three lines. The middle band is a simple moving average (generally 20 periods) of the typical price (TP). The upper and lower bands are F standard deviations (generally 2) above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. Bollinger Bands do not in themselves, generate buy or sell signals; they are an indicator of overbought or oversold conditions. When the price is near the upper or lower band it indicates that a reversal may be imminent. The middle band becomes a support or resistance level. The upper and lower bands can also be interpreted as price targets. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.

See also Bollinger Width, Envelope, Price Channels, and Projection Bands.

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How do you do a line chart for stocks?

I need help doing charts, we can’t copy and paste these charts from finance.yahoo.com, clearstation, etc. Here is an example of a line chart and I am suppose to make my chart look like this, click on following site: http://www.djaverages.com/?view=investor-tools&page=quote&qm_page=22413&qm_symbol=WMT

I have to do the following charts on my own, but I have no idea how. Do I use excel?

Trendlines for 3 years: step, lines, bar, etc?

Chart patterns for 3 years

Once I do that, I have to interpret the charts.


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What is triple bottom line?


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