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re: ACP
Hi,
while giving a credit to SC management for introducing the ACP (Advanced Charting Platform) I hope it won't become (at least in the near future) a permanent REPLACEMENT of the standard StockCharts interface on which I "grew up" and have been enjoying tremendously.
Having said that I wonder if anybody knows:
1. is there a dedicated learning site/chapter/unit regarding the ACP that I don't know of?
2. in current ACP layout, is it possible to move a CHART SETTINGS panel from the left to the right side of a MAIN CHART WINDOW and subsequently a CHART LIST panel to the left side of the WINDOW (basically reversing location of the two)?.
Thanks,
Chris
while giving a credit to SC management for introducing the ACP (Advanced Charting Platform) I hope it won't become (at least in the near future) a permanent REPLACEMENT of the standard StockCharts interface on which I "grew up" and have been enjoying tremendously.
Having said that I wonder if anybody knows:
1. is there a dedicated learning site/chapter/unit regarding the ACP that I don't know of?
2. in current ACP layout, is it possible to move a CHART SETTINGS panel from the left to the right side of a MAIN CHART WINDOW and subsequently a CHART LIST panel to the left side of the WINDOW (basically reversing location of the two)?.
Thanks,
Chris
0
Comments
I haven't found a dedicated site or tutorials, even though Grayson is hyping the heck out of the versatility and customization.
https://stockcharts.com/articles/chartwatchers/2020/07/stockchartsacp-v10-has-arrived-904.html
On this video (around 36 minute mark) he claims there are "a ton of help docs" in ACP using the question mark in the upper right.
Best regards,
Chris
I've only found the multi pane option, synced, with different time frames as a possible benefit for me in ACP. But, it's not something that seems to stick. I also prefer to use Point and Figure charts, not an option. Renko is my 2nd choice, not an option. Heikin Ashi my 3rd choice, not an option.
I notice that StockCharts has added some new indicators to ACP via the use of Plug Ins. Are those indicators going to become available in the legacy system, for use in scans and alerts?
STOCKCHARTS response:
Thank you for contacting us. At this time, plugins are only available in the ACP tool. They will not be available in our SharpChart tool.
I find the new ACP program EXTREMELY difficult to use.
1) Why create an entirely new platform ??? ... This will never be able to compare with well established trading platforms like Think or Swim.
2) The original platform was smooth, elegant, and quite useful. Instead of having the programmers work on an entirely new platform, they should have spent that time just improving the original one. I am amazed that it still only offers about 8 colors. How hard would it be to add more? And to fix the broken and potentially quite useful gallery view? And to add more indicators? And to add new features like automatically colored lines, like MACD up is green?
3) Other programs like TC2000 and TOS have pop ups for modifying the charts. Clean, simple, effective. Not this one. Need to fix an indicatior, the chart moves sideways. Adding or changing indicators is extremely non-normal. It should be click, click, done. Even more confusing is all the various icons scattered left, top, and right around the view panel. Simple drop down lists, or a clean view bar across the top would have worked fine.
4) If I want a brokerage I will use my Fidelity account. I don't need a brokerage linked here. I don't want anyone to risk accessing my accounts.
5) Why can't the original program display split views - 2, 3, or 4 etc. charts on one view? This is such a basic charting feature for trading. Yes, it can be done in ACP, but don't want to jump in and out of ACP just to use this feature. The Candleglance styles of mini charts is great. Then I need to jump into ACP to change views. What a mess - 2 different programs.
6) ... and on .... and on .... and on .....
The site was Dorsey Wright Associates. The two Principals of that business were Tom Dorsey, a pioneer in the ETF world and a noted author in the Point and Figure world and Watson Wright. 50/50 owners. They had a 5 person operation that grew to a 25 person operation. They built a tremendous business and website geared toward tools that brokers and financial advisors can use to build their practices, separate themselves from the competition, and created indexes that are sold to ETF sponsors.
They only got better and better each and every year. Their tech staff was very skilled and sharp and always seeking feedback and then implementing those suggestions from users. Users and licensing indexes were what drove the business. They knew that and they grew. Fast forward to 2011, Watson decides to retire. The value of the company, at that point, requires a new investor come in to buy his shares. They select Falfurias, a venture capital firm, for an investment of 50 million dollars. Watson retires, Dorsey becomes a figure head and claims that they chose Falfurias as their partner and nothing would change. Venture capital firms look to spin their investments as quickly as possible. They wanted to make changes to dress up the business for resale. By 2013 they implemented their version of ACP and canned their legacy system and quietly canned the legacy staff. Their new system was not as good, had fewer features as the old one, terrible glitches and crashes, for months and months. The nice thing, for them, was that it was built on a "modern" platform so they could hire anyone they wanted to work on it. They stopped assisting users, raised their prices and blew up their message boards with decades of knowledge and discussions on it. Fast forward to 2015, Falfurias and Dorsey sell the company to Nasdaq for 225 million.
Nothing wrong with capitalism but, the users lost. Since the sale, the site has become an afterthought for a large company like Nasdaq. They were really only interested in the Indexes they could monetize.
When I heard that there was no intention to add the new indicators into the legacy system, for scanning and alerts, a little bell went off. This time may be different, but, maybe not. Grayson is VERY excited about ACP. The only reason I'm still a member there is their Portfolio Tool. If SC added a portfolio tool, I'd drop my DWA membership. But, of course, SC is tight lipped and offers few clues as to what they're plans are, other than improving ACP.
If you come from another platform, like TOS, you may expect similar things to be done in a similar way. I know I felt VERY frustrated trying to understand how to use TOS after using (legacy) Stockcharts for many years (I tried TOS for real time futures, not from dissatisfaction with Stockcharts). It all seemed counter intuitive.
Now that I get it, I really like TOS, especially for annotation and changing chart length on the fly. Going back to ACP, I think, oh no, do I have to learn another way all over again? I haven't decided what to do about it. I don't feel like I need ACP to swing trade stocks, and ACP doesn't yet offer day trading for futures, so I don't have a good reason, other than adding a skill to the quiver.
But, I think ACP has a lot of potential. I think it does things differently because unlike TOS or TC200, it is totally web-based, with no desktop components. Unfortunately, like anything that has a lot of flexibility, it has a fairly steep learning curve (but not as steep as TOS). But, I would encourage an open mind and a little practice before making a judgement.
P.S. You can display more than one chart at a time by entering another symbol in the symbol box and clicking on the adjacent "+" icon.
I don't know what Schwab's platform Streetsmart Edge is like, but I'm sure it will change with integration to TOS.
That being said, TOS has been having issues the last couple days. I wonder if they are testing integration to Streetsmart tools?
However, ACP is INFERIOR to EVERY other major trading software. TC2000, original Stock Charts, TOS, Metastock, Trading View, etc.
It is impossible to name even one charting platform that ACP is superior to. ... not even one ...
Again ... I am befuddled as to WHY SC moved in this direction - to ABANDON their elegant original SC platform, to REJECT improving it any more, and to START FROM SCRATCH to build a new method. ... and then to release it when it obviously does FAR LESS than its original.
... sad ... very sad ...
It's worth keeping in mind that the competition you mentioned have been around longer and many are A LOT more expensive than Stockcharts, and have a pretty steep learning curve. Also, I think you underestimate the Stockcharts development team. I'm pretty confident they will be upgrading continuously.
As for scanning, if you don't have a programming background, good luck with TOS or Metastock or the others. In comparison, the Stockcharts scanning language is remarkable for its simplicity, flexibility and learnability.
As for why they did it - many subscribers have been with Stockcharts for a long time, and have invested considerable time developing chart lists, styles and especially scans. I think they would like to preserve their investment while also having access to more charting choices.
All that said, I'm sure your useful criticisms will come to the attention of the developers and will be given serious consideration.
We'll see if that add the chart types I use in ACP. I'll go out on a limb and say, no. In the legacy system I haven't seen an improvement in the PnF charts in the years I've been a member. Nothing. Even simple suggestions like making the Full Quote option available in the header. Right now, the PnF chart is lacking useful and necessary information (dividend being of utmost importance) but.... nothing. Allow user defined attributes on the indicators. Seems logical and simple. If I want a blue line for the MA, allow me to make a blue line for the MA. Nope. Horizontal lines? If we ever get around to updating that area of the site, we'll think about it. I am complaining but I've adjusted.
They've added integration to a specific broker. That's got to be a positive development, right?
As for the plug-ins - my guess is Stockcharts did not develop those plug-ins. That's the point of plug-ins - you can offer them to your subscribers without the development costs. I would think that if any particular plug-in turns out to be very popular there would be a demand among subscribers to put them on legacy charts. Then you could cost-justify the development costs and fund the royalties to the authors, if it works like that.
"Again ... I am befuddled as to WHY SC moved in this direction - to ABANDON their elegant original SC platform, to REJECT improving it any more, and to START FROM SCRATCH to build a new method. ... and then to release it when it obviously does FAR LESS than its original."
For me SC value is analysis — things like scanning, vast array of markets and tickers, indicators…. Unfortunately, things like annotation and charts saved as .png seems to be from the dark ages, technologically speaking.
Trading from a chart does me no good since I'm in Canada and trade mostly options. When my renewal date arrived I almost went with Barchart because of their integration with MotiveWave as well as Futures.
Someday ACP may become what Grayson thinks is the most advanced charting system on the planet, it's certainly not there at the moment and, given the current pace of change, it's not obvious when, or if, it will ever get there.
https://stockcharts.com/marketplace/acp/
I imagine that many, many stockcharts users were pestering support for something ACP like. With indicators that can't be used for scanning.
I know this forum is often filled with people yearning to scroll on a chart with their mouse wheel.
I'm being sarcastic. I appreciate all that they do, do. I just like to see "improvements" be improvements for me. Selfish, I know.
"High-Low Range Percent is part of the TrendInvestorPro Indicator Edge Plug-In for StockCharts ACP. Here is a link for explanations with chart examples and here is a link for pricing."
https://stockcharts.com/marketplace/acp/trend-investor-pro.html
" ACP is designed to empower YOU - the modern investor. Create advanced technical charts with ease, choosing from dozens of indicators, overlays, display settings and color schemes. Configure and store customizable layouts with multiple charts on your screen at once. With an ultra-dynamic, highly-flexible charting experience, ACP is designed to redefine the way that you see and analyze the financial markets, with more technical tools and capabilities than ever before."
Same with the TV shows for that matter - all the presenters trying to sell their personal websites.
Name me one improvement in the charting platform in the past year or so ... there have been none ...
I'm being sarcastic. I'm apparently not one myself.
StockCharts did add some technical indicators to the Scan workbench. They have also improved the RRG charts. There are other improvements as well. StockCharts TV is an improvement. Yes, the content does allow the presenter to pitch their sights/services if they want to. I don't see that as too much of an issue.
The added Symbol Summary, which is good right now and looks to be on the agenda for improving. Hopefully they can integrate some of that into scanning availability. I really like it.
They haven't given up on improvements. I wish that some of my suggestions would be implemented on the PnF charts, but I have it where it works for me. It's much better than any other site I use. My broker is TDA and their TOS platform isn't robust, transparent, nor simple. Many of their indicators only work correctly on day or less time frames. I'm an investor, rely on weekly and monthly charts. I don't have confidence doing that on TDA.
It would have been great if they had made the new indicators that are available on ACP, to be available in the legacy system.
Below is the Latest exciting news from Grayson!!!! I wonder if the "other surprise in store" will be another feature that nobody has requested from Support. Like being able to trade Options, but not get options info inside StockCharts. Oh, oh, oh.... at least Cyber Monday is something that everyone can benefit from.
"It's been one supremely busy year here at StockCharts, but the fun sure ain't over yet. Even as 2020 winds down, we're turning things up a notch with more site features, product updates and special presentations coming your way.
For starters, next week we're rolling out another round of significant upgrades and additions to StockChartsACP, our new full-screen, interactive Advanced Charting Platform. The latest version is set to include a major overhaul to the multi-chart layout capabilities, more custom layout options, advanced technical scans right from ACP, better ChartList management tools and two new exclusive plug-ins from Mish Schneider and her team at MarketGauge.
Of course, I'll be sure to give you the full rundown and some helpful feature demos after next week's big release. I've got one other surprise in store too, so stay tuned.
Also, on Monday I'm sitting down with Brian Shannon, founder of Alphatrends and creator of the Anchored VWAP indicator that's now included in ACP. We'll take an exhaustive look at this uniquely powerful indicator and Brian himself will walk you through exactly how he uses it on his ACP charts to find crucial price points in stocks, ETFs and other securities.
I had a chance to preview the demo Brian has ready for us, and let me just say – I can promise that his insights will add value to your market approach no matter what timeframe you take or toolkit you currently work with. This is absolutely one you shouldn't miss, so be sure to tune in for our new special, "Introducing Anchored VWAP" with Brian Shannon on StockCharts TV airing Monday 11/16 at 12:30pm ET.
Oh oh oh! And don't forget...
Cyber Monday is coming.
*wink wink*
Chart on, my friends.
Grayson Roze
VP of Operations, StockCharts.com
Author, Trading For Dummies"
ACP added an abbreviated Symbol Summary. They left off a most useful part of Symbol Summary in my opinion in ACP. But...they have a link to the Full Summary at the bottom.
Grayson is very excited.
https://stockcharts.com/tv/episodes/in-focus.html
If you can stand it, count how many times he says "excited" or "exciting" or "dive". He's certainly shows differences. I have not seen an advantage, but certainly differences.
The programmers, I mean "the team" are doing what he says. He asks for feedback. He says "let us know".... but only if it's about layouts on ACP.
They do not WANT to improve original SC. Why would they want to run TWO different systems ??? -- To increase revenue via brokerage links and selling plugins ... ? Lift up the covers. What do you see?