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Tips, Tricks and undocumented feature for StockCharts.com
lmkwin
✭✭
in SharpCharts
There are a bunch of tips and tricks and undocumented features shared on this forum over the decades. Most are buried in the threads of various other topics, but we haven't a place that stored any of it in it's own thread.
So, similar to the Suggestions to StockCharts thread, where we can share our suggestions we made to StockCharts.com for enhancements / improvements, maybe this tread will be a place to share things we do to customize our StockCharts experiences.
I'll start. I use the Full Stochastic on my time based charts. I use the Full as its versatility allows you to have it replicate the Fast or the Slow Stochastic simply by changing the parameters. A 14,3,3 Full equals a 14,3 Slow. A 14,1,3 Full equals a 14,3 Fast. The Stochastic is made up of a %K line and a %D line. The %D line (the last number in the parameters) is the simple moving average of the %K line. George Lane, credited with creating the stochastic indicator, paid attention to the %D at some point in his long and illustrious career.
Tips and Tricks:
There are ways to modify the look of the Stochastics on your charts by adding overlays to the indicator.
The Standard or Default view is fine, but you may want to focus your attention or make it easier to see levels or occurances that are important to YOU. I try to help myself by making what I want to see, POP off the screen.
4 examples below
You can Highlight the line of interest (%K or %D) by placing a SMA Envelope overlay on the Stochastic. To highlight the %K use a SMA Env with a parameter of 1,1.5 for example. This will put a thicker outline on the %K line. To highlight the %D use a SMA Envelope overlay on the Stochasic with a parameter of the last parameter number of your Stochastic. Example: SMA Env parameter 3,1.5. This will put a thicker outline on the %D line. The 1.5 in the parameter is the distance from the SMA, so a 1,1.5 puts a line 1.5% above and below the SMA to create the Envelope.
The lower panel has Horizontal Line overlay on the Stochastic. The parameter on that one is 10:red,15:red,33:cyan,35:blue,49:red,50.65:red,63:cyan,65:blue,75:lime,76:green,20:white,80:white
I look at that like a hockey rink. Starting at the bottom at my goal line, until I move past my Blue Line, I'm on Defense. As I move past my Blue Line I transition to Offense by crossing the Red Line and am definitely on Offense when I cross the opponents Blue Line.
You can create multiple colored lines using the number colon color comma number colon color technique in the parameter field. The default lines on the Stochastic are 20,50,80. I "hide" those lines by making the 20 and 80 white.
So, similar to the Suggestions to StockCharts thread, where we can share our suggestions we made to StockCharts.com for enhancements / improvements, maybe this tread will be a place to share things we do to customize our StockCharts experiences.
I'll start. I use the Full Stochastic on my time based charts. I use the Full as its versatility allows you to have it replicate the Fast or the Slow Stochastic simply by changing the parameters. A 14,3,3 Full equals a 14,3 Slow. A 14,1,3 Full equals a 14,3 Fast. The Stochastic is made up of a %K line and a %D line. The %D line (the last number in the parameters) is the simple moving average of the %K line. George Lane, credited with creating the stochastic indicator, paid attention to the %D at some point in his long and illustrious career.
Tips and Tricks:
There are ways to modify the look of the Stochastics on your charts by adding overlays to the indicator.
The Standard or Default view is fine, but you may want to focus your attention or make it easier to see levels or occurances that are important to YOU. I try to help myself by making what I want to see, POP off the screen.
4 examples below
You can Highlight the line of interest (%K or %D) by placing a SMA Envelope overlay on the Stochastic. To highlight the %K use a SMA Env with a parameter of 1,1.5 for example. This will put a thicker outline on the %K line. To highlight the %D use a SMA Envelope overlay on the Stochasic with a parameter of the last parameter number of your Stochastic. Example: SMA Env parameter 3,1.5. This will put a thicker outline on the %D line. The 1.5 in the parameter is the distance from the SMA, so a 1,1.5 puts a line 1.5% above and below the SMA to create the Envelope.
The lower panel has Horizontal Line overlay on the Stochastic. The parameter on that one is 10:red,15:red,33:cyan,35:blue,49:red,50.65:red,63:cyan,65:blue,75:lime,76:green,20:white,80:white
I look at that like a hockey rink. Starting at the bottom at my goal line, until I move past my Blue Line, I'm on Defense. As I move past my Blue Line I transition to Offense by crossing the Red Line and am definitely on Offense when I cross the opponents Blue Line.
You can create multiple colored lines using the number colon color comma number colon color technique in the parameter field. The default lines on the Stochastic are 20,50,80. I "hide" those lines by making the 20 and 80 white.
0
Comments
Ok, here is one ....
You can show a DAILY chart on other timeframes by adjusting the parameters.
Here is a DAILY timeframe shown on a 30 MINUTE CHART.
Just increase the numbers .... SMA 7 on daily ... is SMA 7 * 6.5 = SMA 45
Be sure to adjust ALL the indicators the same amount.
I should have mentioned in the Stochastic "trick" that you can also adjust the Opacity of the indicator to make the MA Envelopes pop even more. The Opacity of the bottom panel is set to 3. I adjust Opacity on many things to balance out what I want to see easily vs want to see sometimes.
Undocumented feature: