To wrap the day up, I thought I’d share some up-to-date “pairs” from SlopeCharts, which I think tell an engaging story.
Pair Torte
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Introducing ATR
I’m pleased to let you know of another entry into the SlopeCharts technical indicators library, which is the Average True Range (ATR).
The average true range (ATR) indicator appears in a pane of its own and indicates increasing or decreasing dynamism in a security’s price. Unlike some indicators, its ascent and descent have nothing to do with strengthening or weakening prices, but instead illustrates volatility.
The reason for this is the calculation for ATR is based on its dollar price range (either the difference between a day’s high and low or, when appropriate, the difference between the day’s high and prior close or the day’s low and prior close). The average of these values is the basis for the line chart drawn, and the default value of 14 days is the suggested value of the original creator of the study, Welles Wilder.
(more…)Another Channel
First SlopeCharts had Bollinger Bands. Then Donchian Channels. And, now, a third offering for you: the Keltner Channel.
The Keltner Channel is very similar to the Bollinger Band study in the respect that prices are “bounded” by an upper and lower channel line. The difference with Keltner is that the middle line is a moving average whereas the upper and lower channel lines are based on an Average True Range (ATR) above and below that moving average.
The default settings, as shown in the technical studies dialog box, are 20 days for the moving average and 14 days for the ATR calculation. You can hand-enter different figures (or use the sliders), and you can change the color of the “banded” area as well as the color’s opacity. As with other SlopeCharts indicator controls, you can see these dynamically update as you adjust the settings.
(more…)Donchian Channels are Here!
We are pleased to let you know of yet another addition to the SlopeCharts technical library, which is the Donchian Channel study:
Hang Out at my iPad
Over the weekend, I let it slip (rather intentionally) that we’ve spent the past several months working on a Mobile Slope. As I stated, I can’t let you try the iOS one yet, but you Android users can get your alpha version right here. I’ve received a tremendous amount of good feedback so far, and I’d love some more!
Even though I can’t get you the iPhone and iPad version yet for testing, here’s what I just recorded to give you a sense of what it’s like on the iPad.
