Technical Analysis, Charts Drawings:
Shapes, Notes, Arrows, Flags and Elliot Wave Tools
Description:
technical analysis, text and notes on
charts, charts drawing and marking Elliot Waves
In the Drawing Toolbar on our charts you may find a row of non analytical tools
that are dedicated to creating notes, highlighting parts of charts, establishing
references, etc. Below you will find a short description of each of these
drawing tools.
Text: The "Text" drawing tools enables one
to place notes directly onto the chart for future reference.
Framed Text: This drawing tool is
similar to the "Text." The only difference is that the text is placed in the
framed box with white background. This allows one to have clearer text (easier
to read), but unlike the simple "Text" tool, the part of the chart behind the
text box will not be visible.
Rectangle: The "Rectangle" drawing tool
draws rectangles and can be used to frame and highlight important parts and
points on the chart.
Filled Rectangle: Like the
"Rectangle" drawing tool, the "Filled Rectangle" draws a rectangle on the chart.
The difference is that, in this case, the rectangle is filled by semitransparent
color. The "Filled Rectangle" is usually used to highlight time periods on the
chart.
Ellipse: This is another shape of drawing
tool that allows one to draw ellipses around important points on the chart.
Filled Ellipse: Like the "Filled
Rectangle," this drawing tool allows one to draw colored, semitransparent
ellipses on the chart. This tool is normally used to highlight important parts
of the chart.
Arrow: The "Arrow" drawing tool draws arrow
on the chart by enabling one to connect references and notes with points and
areas on the chart.
Flag: This is a simple drawing tool that
enables one to place flags on the charts. As a rule, this tool is used to place
red flag on the sell points and green flags on the buy points.
Elliot Wave Tool: This drawing tool
allows one to mark waves in the order of 1 to 5 and from A to C. This marking
tool is normally used in Elliot wave analysis to mark waves during an uptrend,
downtrend, downward correction and upward bounce.
The chart below of the NASDAQ 100 index gives an example using various notation
tools
Chart 1: NASDAQ 100 chart Text,
arrows, flags rectangle, ellipse, flags
and Eliot Wave tools
V. K.
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Technical studies classified by the types of technical analysis |
MV Studies
- list of technical indicators (studies) developed MarketVolume® team. We are
the first who introduced this indicators to the world and at the current moment
we are the only company that provides these indicators and we consider ourselves
these indicator developers.
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about calculation and using RSI, Stochastics, MACD, and other
price based technical indicators (studies) which are available with our charts.
Volume Studies - a list of
volume based technical indicators (studies) which are available with our charts.
Advance/Decline Studies
- list of advance decline based technical indicators (studies) which are
available with our charts
Volatility Studies - a
list of technical indicators (studies) which are used to measure market and
security volatility and are available with our charts. |
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