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Here we are on a Sunday, having introduced two new features! The first was our new Starred Comments feature, and now we are pleased to tell you of the newest indicator in SlopeCharts: the Zig Zag.
The Zig Zag indicator provides a quick and easy way of filtering out the “noise” of price data in order to create a simpler, easier-to-see perspective of long-term price action. You are in direct control as to how much “smoothing’ takes place. As with most SlopeCharts indicators, merely by sliding the indicator bar you can alter the indicator parameter to create as smooth or rough a representation of the prices as you like.
I have two very exciting new features in SlopeChartsto tell you about.
The first was a relatively recent request by a user who wanted the Price Change Charts to have selectable earnings periods. Formerly, when you created one of these charts, it showed you every quarterly earning chart.
Now, you can pick and choose which ones you want to display or hide simply by clicking on any of the specific colors in the key. I have deliberately chosen a stock with a relatively small number of these lines for illustrative purposes, but this would work just as well with a chart that has dozens and dozens of lines):
I am pleased to announce some important improvements to SlopeCharts, every one of which was based on the suggestion of fellow Slopers.
First of all, we’ve enhanced the ability to see earnings dates on your watch lists. In the past, you could get a number (in red) right next to a symbol to show how many calendar days were left until their earnings announcement. Now, using Preferences, you can also see a number to show how many days in the past earnings were announced.
Editor’s note: I composed this post before Tesla began its free-fall, so it’s actually quite timely……..
I’d like to drive home the value of our new chart-based alert system with a real life example. How about we pick on a company which, over its history, has lost about $10 billion yet has managed to score a market cap approaching $900 billion: Tesla. Here is the precarious chart: