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Anyone on this board use Market Carpet? Huge feature changes on Market Carpet. HUGE changes coming to SharpCharts.
This old dog will have to learn some new tricks. But the improvements should make market reviews much easier.
"Improvements and innovation will always remain StockCharts mission, but the reality is that global economic factors and record inflation have hit us hard. We have worked hard to keep prices the same for as long as possible, but after careful consideration, we are making the difficult decision to raise our prices.
Starting on August 1st, 2023, our Basic and Extra service levels will see a $5 monthly increase, and our Pro service level will see a $10 monthly increase."
"global economic factors"
In other words, our investment in creating ACP cost us a lot more than we thought it would and for those of you that don't use it, thank you for continuing to subsidize it so we can continue to NOT improve SharpCharts, nor fix the long incorrect display on the PnF charts. We also spent a lot on a new marketing division. Oh, and the new programmers can't work within the existing Sharpcharts platform so they are going to recreate it to be more ACP like. Also Julius wants to transform the Market Carpets display and we have to appease him. But now you have Forex and Crypto data!!!. That's why we need to raise prices.
StockCharts.com subcription value is still a deal, in my opinion, but their costs have got nothing to do with global economic factors or record inflation other than their ACP folly cost them more, has limited benefits to most SC users, and they can't stop rolling down that hill.
Check out the "technology previews". They are going to change everything making a simple mouse click possibly mess up a lot. They will be hiding things, or grouping / moving things into different areas. I hope that they won't touch candleglance. I really hope they don't. There are two things that set StockCharts apart, in my opinion. Chartlist View (10 per page) and CandleGlance view. The scanner is a little more flexible than others but it's also got issues, mostly where it doesn't deal effectively with Relative Strength.
I guess I'm a little ticked at a poorly worded rate hike announcement. I don't view the last 4 HUGE "site wide" releases as improvements to anything I use. Sure they changed the limits on chartlists and Alerts, but I was fine witht the old limits. I wasn't clamoring for a 900 symbol chartlist. What would be nice is if they added more Indexes to the scan engine, or fixed the PnF charts. My guess is that they either can't or won't. I'm in the can't camp.
Venting over.... for now. Looking back over many of my posts on here, I guess this is my venting thread.
Yes!!! This is the year!!!
But the updates to the Sharpcharts workbench are pretty good, and it does work much faster. The changes are cosmetic, mostly, rather than totally new, but usability is much better. Also, the side bar list view in the updated Sharpchart example is GREAT. I'm less excited about the new chart style possibilities because I like my own chartstyles and I want to keep them. But since my lists are mostly by industry, it's great to be able to see the thumbnails, which are sortable by performance over some time period giving a picture of the entire industry. And you can click on any thumbnail to see the full size chart (which is an improvement on candleglance, at least for bar charts). I'm just hoping that feature will work with my own styles.
I was never a fan of market carpets, so I'm neutral on those changes.
I'm also guessing that the cost increase (in addition to the reasons you suggest) is due to 1 - rising fees from existing data vendors, and 2 - additional costs for new data - earnings, fundamental, company profiles.
Apply the style you like to see 1st in your "GV" to list 1. Go to Edit and Copy list 1 to list 2. Then apply the style you like to see 2nd in your "GV" to list 1. Go to Edit and Copy list 1 to list 2. If you have a 3rd GV style you want to see, apply it to list 1. Go to Edit and Copy list 1 to list 2.
Now in list 2 you will have all YOUR GV chartstyles aligned to see in Chartlist View. IF you use 3 "GV" styles, it will require going to the next page to see some as only 10 per page show. Using 2 styles is sweet though.
Your Symbol Names will have a number at the end of the NAME that signifies that it is the 2nd copy or the 3rd copy or the 4th copy in list 2
Apple
Apple 2
Apple 3
Apple 4
etc.
I use this to put my preferred Weekly Chartstyle and my PnF chart one after the other. So in my list 1 I apply the Weekly style and COPY to list 2. Then I apply my PnF chart to list 1 and COPY to list 2.
Oh, by the way, it doesn't appear that this method is supported at the moment in the New 3.0 setup.
As far as 'costs' increasing, yes, if you hire a bunch of people to create an entirely new platform (ACP) and a new marketing department, your costs are going to be higher. I don't mind Price Increases but to spring a 20-25% increase on existing users could have been more eloquent. It's almost like they are holding the SharpChart changes hostage.
When I mentioned a poorly placed mouse click in 3.0 can change a lot without intending to, for example, the trashcan is pretty close to the dropdown. Ooops, I wanted to change the opacity and now it is gone. Oh well, I hope I don't misclick and save this new style.
Or this nifty new feature where you have to click on the 3 dots to see what used to be a set of links.
So, click on the dots, and navigate to the thing you want is what 3.0 is all about. Hiding things, moving things, changing user engagement practices.... All for a higher price because....global economic conditions.
* image enlarged for display purposes. actual indicator box is less than half this size
We already determined on this board that the Real Motion is basically a PPO with SMA's and Bollinger Bands on it. 500 bucks.
https://stockcharts.com/marketplace/acp/marketgauge-realmotion.html
The Opening Range is Preset time range chart templates A one month and a six month are the ones you get. And a special "Opening Range indicator providing insights into the future. 500 bucks.
https://stockcharts.com/marketplace/acp/marketgauge-opening-range.html
Triple Play I have no desire to figure out. 500 bucks
https://stockcharts.com/marketplace/acp/marketgauge-price-performance.html
Larry Williams still has the highest priced Plug In at 795 bucks.
StockCharts is pushing that one in a series of articles/blog posts
https://stockcharts.com/articles/chartwatchers/2023/09/timing-the-market-with-the-wil-227.html
WilTrend is very similar to a Chandelier Exit. In fact I can make my chart
with these chart settings
look very similar to the WilTrend with no added cost.
As an aside, you can use many of the Plug In indicators, including some of the paid ones, in the Scan Workbench as filters. Williams Wiltrend for example.
Getting close to having the new SharpCharts Workbench rolled out. He covers a bunch of the navigation on this show. They added my recent suggestion about there not being the Apply ChartStyle to a list option on the new workbench. It's not as simple as current option but at least it's been added. The "load symbol only" function can be a useful option to use if you use annotations. Annotations get overwritten/ removed if you APPLY a new chartstyle to a list.
IF YOU USE SharpCharts, I highly recommend watching this one. He does a good job of not getting to far off topic. If you see something or don't see something PROVIDE FEEDBACK using their links. They've added everyone of mine into the new workbench.
Oh, and the current greatest Black Friday Week sale is coming to a close soon. Use it or lose it. It's a great deal in my opinion. You probably won't see as big of a sale until end of next year. The mid year sale is usually buy 12 get 3 free.
About 3 minutes in he slightly spills the beans
I believe that the colors are reversed on one of his facorite ACP indicators. Universally accepted that the green should be on the bottom. Looking at the chart, that red area was the green light in my opinion. Oh the things I don't get to use by not being an ACP'er.
The massive bull run is colored RED.
The chart is GREEN only at the very top of the run. If you bought here, you would be stuck on a pointy point.
I don't use ACP or traffic light, so grain of salt.
I would guess the traffic light indicator is as of the the last bar. So it's red below the rising long term MA, yellow between the MA s and green above the shorter term MA, and the zones would widen or narrow as the MA s move.
On their ChartSchool article, it appears, just like in Grayson's analysis, that they are labeling the traffic light with terms that are not really correct. I don't use ACP at all, but thought the coloring and zones looked like it didn't match up with the actual prices and activity on the price chart. It's one of Grayson's favorite "indicators".
https://chartschool.stockcharts.com/table-of-contents/technical-indicators-and-overlays/technical-indicators/traffic-light
Grayson apparently has run out of training and teaching ideas for the StockCharts IN FOCUS show. That is a weekly show on Fridays that he hasn't done in a month. Here was his last one. He was so excited to share some spicy charts by 'messing' with moving average displays.
Let me know if you ever see one of his charts with either the Stop Light, or the Area moving average on it on one of his shows. He does a 10 charts to watch every month with David Keller. I haven't see either on his charts.
I do, however, recommend using the Area and the Histogram Style options, where approriate. It really does add an extra visual layer of analysis if so inclined. You can even add two or more.
Many of the indicators in the Chart Overlays section can be made into area/ histogram style. All the moving average choices, Bollinger Bands and Keltner Channels, Horizontal Line, Parabolic SAR, Chandelier Exits can all be make to show as Style Area or Histogram on your SharpCharts.
Hello Fellow ChartWatchers
I'm Jayanthi, Director of Site Content at StockCharts. You might know me from my articles in the ChartWatchers blog. I've been working in the technical analysis space for over two decades and am happy to bring you the newsletter this week and beyond.
I hope you had a great week despite the stock market's turbulence. The good news is that this behavior is typical of September, which you can see from the Seasonality Chart.
This weekend, we're rolling out several new features on our website. If you haven't noticed, the Charts & Tools tab now has a dropdown arrow. Clicking on this will now give you access to any of our tools!
Members may also notice there's now a Dashboard button at the top of Your Dashboard page. This gives you access to two new sample dashboards we've created for you--US Equity Research and SCTR Summary. Soon, members will be able to create their own customized dashboards. Until then, the sample dashboards give you a taste of what's coming. Please let us know what you think of these new changes.
SharpCharts is also getting a new feature. You can now use PerfCharts inside SharpCharts directly for a fully integrated experience. Click this link to see it in action.
Here at StockCharts, we are always working to bring you new and innovative features that enhance your experience and add the most value to your membership.
Happy Charting!
Jayanthi Gopalakrishnan
Director of Site Content, StockCharts.com