What's New: Incredible Charts 10.0
& Trading Diary Weekly Update
By Colin Twiggs
September 17, 2016 2:00 a.m. EDT (4:00 p.m. AEST)
New Indicators
We have released a new version of Incredible Charts with eight new indicators:
Chande Momentum Oscillator
Developed by Tushar Chande, Chande Momentum Oscillator uses Overbought and Oversold levels, as well as Divergences, to identify reversals.
Ultimate Oscillator
Larry Williams' Ultimate Oscillator uses three time frames in order to minimize false signals.
Stochastic RSI
Stochastic RSI was designed by Tushar Chande and Stanley Kroll to generate more Overbought and Oversold signals than Welles Wilder's original Relative Strength oscillator.
MACD Percentage Price Oscillator
MACD Percentage Price Oscillator is a variation of the MACD indicator. The major difference is the percentage scale which enables comparison between stocks.
Choppiness Index
The Choppiness Index is a volatility indicator developed by Australian commodity trader Bill Dreiss to indicate whether a market is trending or ranging.
Hull Moving Average
Alan Hull developed Hull Moving Average in 2005 in his quest to create a moving average that is "responsive to current price activity while maintaining curve smoothness". Hull claims that his moving average "almost eliminates lag altogether and manages to improve smoothing at the same time".
Twiggs Smoothed Momentum
Twiggs Smoothed Momentum is a smoothed version of the proprietary Twiggs Momentum oscillator. Its purpose is to provide a slower, less erratic signal for following long-term trends.
Twiggs Volatility
Twiggs Volatility is a proprietary volatility indicator used to flag elevated market risk.
The last two are proprietary indicators developed by me for following trends.
Other Improvements
The new version also has improvements to:
- Log scale charts, with better chart sizing.
- Text Boxes, where you can hide borders or pointers by default
Select Draw >> Draw Options >> Text Boxes and Captions. - And Automated backups, where you can set your PC to regularly backup your Watchlists and Settings (including text boxes, captions and trend lines) to Dropbox or an external USB drive.
Select Frequency >> Never if you believe backup is for wimps (Not Recommended).
We hope that you find the changes useful. Please provide us with feedback.
Trading Diary
Click here to read today's Trading Diary updates.
Give me six hours to chop down a tree and I will spend the first four sharpening the axe.
~ Abraham Lincoln