STREETSMART PRO® CHARTS
Contents
1. n L Ee Highest ASinLastimferiods Lowestisiiniastmferiods 172 Copyright Charles Schwab amp Co Inc 2006 All rights reserved 0106 5667 Charts Volume Simply the number of shares or contracts traded during a specified time Volume SMA frame e g hour day week month etc You may also choose the Show SMA feature which will show a simple moving average line in the Volume study The image below shows the Volume study with a 20 period SMA overlayed P Chart 2 Applied Materials EJB 1 min ni 3min 15min Daly Weekly Daily 280 days NRA on onan ann fl fat 97 194 967 Williams R A momentum indicator that measures overbought and oversold levels The interpretation of Williams R is very similar to that of the K stochastic indicator The oversold indications are in the range of 80 to 100 while the overbought indications are in the range of 20 to 0 You can change the periods used in the calculation from the default of 12 For calculation purposes R is simply K 100 Directional Movement is a trend following system that consists of DI DI DX and ADX These values are interrelated as shown below ADX F DX 1 F ADX Li iM Da 100 _______ DI 6 Di if the denominator gt 0 O otherwise APPS AAT AE OF 100 100 _ AR and AR where 4 4 A HUS AR A mari High LOW High Close _ a Lo2. breaking through a trend line to potentially identify changing trends Set up Trend Lines from the Insert gt Trend Line menu or click on one of the trend line icons from the Chart Tool Bar Up trends are defined by a trend line that is drawn between two or more troughs low points to identify price support within the trend Down trends are defined by trend lines that are drawn between two or more peaks high points to identify price resistance within the trend New Trend Line Fibonacci retracement W Showleyels Show arcs Label 2 Color __ wl Copyright Charles Schwab amp Co Inc 2006 All rights reserved 0106 5667 175 StreetSmart Pro User Manual Regular A regular trend line will allow you to draw a line anywhere on the chart Snap To Using a Snap to trend line will place the trend line on the open high low or close of the trend being studied Fibonacci Studies There are four popular Fibonacci studies arcs fans retracements and time zones The interpretation of these studies involves anticipating changes in trends as prices near the lines created by the Fibonacci studies StreetSmart Pro includes fan arc and retracement studies Fibonacci Fan Lines are displayed by drawing a trend line between two extreme points for example a trough and opposing peak Then an invisible vertical line is drawn through the second extreme point Three trend lines are then drawn from the first extreme point so they
3. Choose from 5 to 120 minutes or select Other to open the Chart Settings window where you can enter a different interval Only applies to Intraday chart types Add Edit Click to open the Add Edit Studies window which Studies lets you add technical analysis studies to your chart Go to Chart Studies for information on each available study Trend Lines Click to draw Trend Lines on the chart The pointer will change to a pencil icon Click and drag to draw the trend line Click the Trend Line button again to stop drawing trend lines or select another button Edit Trend Click and select from the drop down list which Trend Lines Line you wish to edit The button is only available when the most recently selected chart has trend lines drawn on it The Edit Trend Line window lets you select the type of trend line regular Fibonacci best fit regression etc as well as the color and label name for the line hii Adds a horizontal GREEN line wherever you click on the chart to indicate the Support levels you want to identify in the chart you are viewing Ay Resistance Adds a horizontal RED line wherever you click on the chart to indicate the Resistance levels you want to identify in the chart you are viewing New Tab Click to add a new tab to the most recently accessed chart window You must have Tabbing enabled for the chart in order to click the New Tab icon Show All Data If checked shows chart for the time frame speci
4. and closing price When set to Change from Close the color or change of each bar is determined by the difference between the previous bars closing price and the current bars last or closing price Candlestick e Ona daily chart each stick is one day On an intraday chart each stick represents between 1 and 120 minutes e Green indicates the security s closing last price for the day 150 Copyright Charles Schwab amp Co Inc 2006 All rights reserved 0106 5667 Charts or interval was higher than today s opening price Red indicates the security s closing last price for the day or interval was less than today s opening price Gray indicates the security s closing last price for the day or interval was equal to today s opening price The top and bottom of the line behind it represent the high and low for the day period Outline Candlesticks e Check or uncheck your preference to have the Candlesticks outlined or not This is only available when candlestick is selected as graph style Opening price for that day or interval Green High price for that day or interval Red Low price for that day or interval Blue Closing last price for that day or interval Line Graph e When selected you can choose which lines to view Open High Low or Close Point amp Figure Charts When selected you can choose how to display the following items for Point amp Figure e Box size from 0 05 to 500 e Using either Hi
5. is displayed NOTE You can access Settings Views Tools and Trend lines by either using the respective pull downs or right clicking on the chart INSERT The software allows you to add a vast number of studies to your chart for technical analysis Highlight the study you wish to add in the left column Click the gt gt to move it to the box on the right Choose the Show In option and place the study in any of the options in the drop down menu Click OK Go to Chart Studies for information on each available study Trend line e Select the Type of trend line to display Go to Trend Lines for more information on which Trend lines are available e Type a label for the trend line so that you can identify it on the chart In the chart below we have identified an upward trend e Right click on the label to Edit or Delete the line Adds a horizontal GREEN line wherever you click on the chart to indicate the Support levels you want to identify in the chart you are viewing Resistance Adds a horizontal RED line wherever you click on the chart to indicate the Resistance levels you want to identify in the chart you are viewing SETTINGS Copyright Charles Schwab amp Co Inc 2006 All rights reserved 0106 5667 147 StreetSmart Pro User Manual General Data Options Chart Type Market Hours a30 M600 Range days 995 H By oF Overlay Symbol ii Display Options Graph Style Candlestick Outline O
6. pass through the invisible vertical line at the Fibonacci levels of 38 2 50 0 and 61 8 Fibonacci Lines are displayed by first drawing a trend line between Retracement two extreme points for example a trough and opposing peak A series of nine horizontal lines are drawn intersecting the trend line at the Fibonacci levels of 0 0 23 6 38 2 50 61 8 100 161 8 261 8 and 423 6 Some of the lines may not be visible because they will be off the scale Fibonacci Arcs This trend line separates the Fibonacci Arcs into a separate view The three arcs which center on the last point of the trend line you draw help you identify where Support and resistance may affect the price as a stock trends up or down You can choose to show the percentage labels by clicking Show Levels Best Fit A Linear Regression trend line uses the least squares Regression method to plot a straight line through prices so as to minimize the distances between the prices and the resulting trend line Delete Selected 1 Click on the Trend line you wish to delete 2 Choose Delete Selected Clear All Trend Click to erase all trend lines Lines e Once you have selected which Trend line to draw left click at the spot on the chart where the line should start e Hold the mouse button down and move it across the chart to the end 176 Copyright Charles Schwab amp Co Inc 2006 All rights reserved 0106 5667 Charts point for the line Rele
7. that window Use a support or resistance line and place it at the zero percent level This level can be easily located as the starting point on the left when the symbol and overlay begin plotting 4 Use the crosshairs to see the exact percentage numbers Copyright Charles Schwab amp Co Inc 2006 All rights reserved 0106 5667 149 StreetSmart Pro User Manual rad Chart 1 Microsoft Corp Seles File Edit View Insert Settings Tabs Tools 1 Min 5 Days Daily Weekly Monthly MSFT Monthly 36 months ORCL SEP 32 50 27 10 2170 16 30 10 90 5 50 0 10 Ay 5 30 10 70 16 10 Val EN Mesa Paa ba si On a daily chart each bar is one day On an intraday chart each bar represents one interval On Bar charts the left rung indicates the opening price of the stock and the right rung indicates the closing last price of the stock for the day or interval The top and bottom of the bar represent the high and low for that day or interval Green indicates the security s closing last price for the day or interval was higher than today s opening price Red indicates the security s closing last price for the day or interval was less than or equal to today s opening price Calculate Change From Open Close e Allows you to select the basis for the calculation of bars By default this setting is Change from Open which calculates a bar as up or down based on the difference between the open
8. the highest Volume Average Prices have occurred fad Chart 1 Cisco Systems File Edit View Insert Settings Tabs Tools 1min 15min Daily Weekly Monthly CSCO Monthly 83 months ARSI 14 AUG MAR OCT MAY DEC JUL A pa 2 082 312 300 Stock symbols and price and volume data shown here and in the software are for illustrative purposes only Charles Schwab amp Co its parent or affiliates and or its employees and or directors may have positions in securities referenced herein and may as principal or agent buy from or sell to clients The Info Window provides the statistical data for the point on the chart you have clicked on When you first open the window from the pull down today s data will be displayed To change the displayed data either left click on a specific point on the chart or hold down the left mouse button and move the mouse to find the date you want If you haven t made any changes to the chart the data in the window will include that day s Open High Low Close Volume and BOL Bollinger Bands When you add more studies to the 146 Copyright Charles Schwab amp Co Inc 2006 All rights reserved 0106 5667 Charts chart they will also appear in the window As you increase the number of viewed studies you may not be able to see all of the Statistical data in the window To view all of the data available you may need to resize the window by dragging the corner with the cursor until the all data
9. time can be no earlier than 1600 and no later than 2000 ET Default times are for the standard session only 09 30 to 16 00 ET AS extended hours quotes are only available streaming it is possible to have gaps in you chart if you ask for all session times i e 0600 to 2000 ET The only way to view this data consistently on a chart is to leave that chart open during Pre Market or After Hours Sessions If you switch stocks within the same chart this will generate gaps as the data is not presented to the chart while open Charts will not populate data for times prior to when the chart was opened regardless of the settings of the chart Chart 60 If checked starting at 10 00 a m ET a chart using 60 minute bars Min Bars will be based on the hour 10 11 11 12 etc rather than the half on the hour 9 30 10 30 10 30 11 30 etc Hour Use When overlaying another symbol on the chart checking this box Scale will change the display to a percent scale Percentages are based with off the performance over the time period intraday daily monthly Overlay etc TIPS 1 For the classic look a line chart can be selected with a line overlay Go to Settings gt Colors to configure the colors of these lines for best display 2 The current price will display in the right hand scale that defines the percentages To remove that display go to Settings gt General and uncheck the Show last trade label box located at the bottom of
10. 26 18 19 18 12 Stock symbols and price and volume data shown here and in the software are for illustrative purposes only Charles Schwab amp Co its parent or affiliates and or its employees and or directors may have positions in securities referenced herein and may as principal or agent buy from or sell to clients A trend following momentum indicator using 3 exponential moving averages a short or fast average a long or slow average and an exponential average of their difference the last used as a signal or trigger line You can change the periods used in the calculation from the defaults of 12 and 26 Used with Signal Line below A variation of the MACD that plots the difference between the Signal Line and MACD Changes in the spread between these two lines may be spotted faster potentially leading to earlier trading signals You can change the periods used in the calculation from the defaults of 12 26 and 9 Measures the amount the price of a security has changed over the last 14 days If the current trading session today hasn t closed yet it uses the last sale price You can change the periods used in the calculation from the default of 14 The formula for an n period Momentum is E E ae Money Flow keeps a running total of the money flowing into and out of a security The direction of the Money Flow line is the important component to watch not the actual dollar amount This indicator can be used to confirm underlying stre
11. AP Volume At Price and Info Window e Chart Type Monthly Weekly Daily or Intraday e Show all Data e Trend Support and Resistance lines e Tools Studies Strategies Crosshairs Edit Tick Data Zoom in e Hide Show Menu 154 Copyright Charles Schwab amp Co Inc 2006 All rights reserved 0106 5667 Charts CHART TOOL BAR The Chart Toolbar allows quick access to the most commonly used chart features To enable click Toolbars gt Chart Toolbar in the main menu e Most buttons clicked in the Chart Toolbar will affect the most recently accessed Chart window EXAMPLE You have 3 chart windows open and you most recently clicked on Chart 2 When you click the Add Edit Studies button it will open for Chart 2 If you want the button you press to affect another chart click that chart first and then click the button in the toolbar e The Regular Snap to and Best Fit trendlines are the exceptions and can be clicked in the toolbar and applied to any chart in your layout e Click anywhere in the main menu and then hover your mouse over a button to see a Tool Tip that says what the button will do e All the buttons in the Chart Toolbar correspond to a feature also found in the menu of each Chart window Customizing the Chart Toolbar Customize which icons are displayed on your chart toolbar Select Toolbars gt Customize gt Chart Tool Bar from the main menu or right click on the Chart Tool Bar and select Cust
12. R2 This study is only displayed on Intraday charts In the Studies window you may check the lines you wish to view R2 R1 Pivot S1 S2 NOTE Pivot Point lines may not be visible depending on the price scale you have set in Settings gt General and the price discrepancy between the previous and the current trading day Pivot Points are calculated Pivot YesterdaysHigh YesterdaysLow YesterdaysClose 3 0 S1 2 0 Pivot YesterdaysHigh R1 2 0 Pivot YesterdaysLow S2 Pivot R1 S1 R2 Pivot R1 S1 Copyright Charles Schwab amp Co Inc 2006 All rights reserved 0106 5667 169 StreetSmart Pro User Manual Price Relative to Symbol Rate of Change Compares the performance of the symbol currently loaded in the chart to the symbol specified in the studies settings window Compare to SF Color Show ir Study 1 W Show label E ith Value Change in price between the current price and the close 5 periods ago divided by the price 5 periods ago You can change the number of periods used in the calculation and you can overlay the study on or underneath the price chart The formula for an n period Rate of Change Price Pri kate fC hange n Michio mt 2 is Price _ 170 Copyright Charles Schwab amp Co Inc 2006 All rights reserved 0106 5667 Charts Relative Indicates the degree of positive and negative movement by the stock on a Stre
13. STREETSMART PRO CHARTS Charts sccewiriacesrariavsaririeicavecsccetestcecstuaslacsiectearaiecescsacaseentesuceacisceasesusucscisawse 143 CharunG OVERVIEW irri eE OT tivaiebar ot ast titan A ls kena 144 Studies and VhENGS scosscsnscetescerenacntetoaaeeatunuaedre tase OTE EA 162 143 StreetSmart Pro User Manual Charting Overview Charts provide a quick way to absorb data and understand a security s performance They provide vast amounts of data in an efficient user friendly customizable format making it easy to analyze price and volume movements in real time Add Studies Trend Lines and even technical analysis Strategies to charts to enhance your ability to spot trends and buy sell opportunities To open click fin the Toolbar StreetSmart Pro software has advanced charting tools that give you the freedom to customize your charting experience to your precise specifications Features available include more than 25 customizable studies or indicators trend lines and studies including SMA EMA Bollinger Bands and Envelopes chart types including point and figure bar line and candlestick and much more You may display up to 6 chart windows in a single layout with up to 20 tabs each with unique chart settings in each window effectively allowing you to display up to 120 charts in one layout Each tab can be setup to copy the setting from another tab or be unique to the tab itself ai Chart 1 Cisco Systems Sel Fi
14. ase the mouse button From the New trend line box go to the Label field Type the name or description as you want it to appear on the chart Click OK From the New trend line box click on the Color palette Select the color you would like to have displayed Click OK once to get back to the New trend line box then click OK again to apply the color NOTE Once a Trend line has been drawn it can be moved Moving the trend line is done by clicking on the line to modify and then either end of the line can be adjusted to fit the slope of the line to the chart Copyright Charles Schwab amp Co Inc 2006 All rights reserved 0106 5667 177
15. d Range days e Default is Auto which allows the software to select the optimal scale based on the size of the chart Logarithmic or percentage scaling will change the price scale s appearance by making the vertical spacing between two points correspond to the percentage change between those numbers So for instance the vertical distance between 10 and 20 and the vertical distance between 50 and 100 will be the same This helps provide a truer picture of charts with large vertical ranges Highlights the last trade price in the Price Scale The Default will display the Price Scale on the right By checking this field the Price Scale will display on the left Overlays the lines for High Low Open and Close on the chart Allows you to quickly change between Monthly Weekly Daily and Intraday charts The Settings gt General window determines how many days or intervals are displayed You can change the Back Test settings when applying a Strategy to the chart to see how having a different starting equity or trade quantity or adding commissions to the cost of the trades will affect the outcome of the test Click to change the font style in the chart 1 When the Font box opens select the type style and size 2 Click OK NOTE Large font sizes may not allow for a clean view of the text displayed in the chart Copyright Charles Schwab amp Co Inc 2006 All rights reserved 0106 5667 Charts To chang
16. e default of 8 periods can be changed gt Price Ey Jet H 1 The formula for an n period SMA is Moving Average A moving average weighted on the price movement relative to the stock Geometric price so that a 1 increase in a 5 stock is represented on the chart as a GMA much greater move than a 1 increase in a 75 stock gt in Price GAA exp 1 mt a The formula for an n period GMA is where Price is set to the Average variable you select when you set up the study Copyright Charles Schwab amp Co Inc 2006 All rights reserved 0106 5667 167 StreetSmart Pro User Manual Moving Average An exponential moving average with a longer period used to determine Smoothed OMA On Balance Volume OBV the average as older prices are never removed from the calculation but are given less weight Best used in trending markets The initial value of an n day OMA is the same as the initial value of an n period SMA indicator Subsequent values are determined using an inductive formula in the manner of the EMA described above gt Price OALA Jmt H The formula for the initial value of OMA is i OMA a OMA a OMA y Price The formula for subsequent values is a This indicator relates volume to price changes by adding volume to a running total when the price closes up for a period then subtracts the volume if the stock closes down for a period You can overlay t
17. e the colors in a chart e Select the item you wish to change then press the color button to change and click OK Colors Select the item you wish to change then press the color button to change Foreground Bar Up Bar D own Candle Lp Candle Down Candlewick Line O per Bnet Hach Detault Colors LinelLowy TABS For more on tabs visit the Adding Tabs to Windows topic Clicking Enable will create 2 tabs in the Chart Window your current chart plus an additional chart which you can customize separately using the Tabs gt Edit menu item Inset Add more tabs than the 2 added when enabled edt Edit the selected tab Remove the selected tab Use same When checked all of the tabs within the Chart window will symbol for all use the same symbol When unchecked all of the tabs can tabs have specific symbols saved within the tabs The software allows you to add a vast number of studies to your chart for technical analysis Highlight the study you wish to add in the left column Click the gt gt to move it to the box on the right Choose the Show In option and place the study in any of the five options in the drop down menu Click OK for information on each available Copyright Charles Schwab amp Co Inc 2006 All rights reserved 0106 5667 153 StreetSmart Pro User Manual Strategy Center Open the Strategy Center to apply a strategy to the chart You can also ed
18. fied in the Range days If unchecked this will display what is indicated in the Data to show field A scroll bar will appear at the bottom of the chart allowing you to move back and or forth through Range days selected 156 Copyright Charles Schwab amp Co Inc 2006 All rights reserved 0106 5667 Charts site Edit Tick Data Allows you to change bad chart price data which may impact the technical studies enabled on the chart Click the Edit Tick Data button in the toolbar and then click the price point you need to edit on the chart A window will open that allows you to change all four price points for that period open close high low Click the Delete icon to see a list of studies and trend lines in the most recently accessed chart so that you may delete one or more of them You can also chose Delete All Studies to clear all studies from the chart Delete Delete will not clear support and resistance lines You must right click on the line and select Delete to remove it EH Graph Style Switch between Bar Candlestick Line or Point amp Figure chart types Read more about each of these graph styles in the Chart Menu Bar topic Time Lines Click to hide or show the vertical time lines on the chart Price Lines Click to hide or show the horizontal price lines on the chart Click the button and then click on the chart to apply a Best Fit Regression trend line to the chart Read more about Be
19. gh Low or Close e Reversal from 1 to 5 If applying an overlay of a second symbol the style is set here Style This gray field is adjustable with the up or down arrows to the right of the field The higher the number the bolder the line in the chart NOTE A higher setting may cause distortion to the graph This gray field is adjustable with the up or down arrows to the right of the field The higher the number the bolder the line in the chart NOTE A higher setting may cause distortion to the graph Specify the number of days to display in the chart at any one time NOTE This is only applicable when the Show all data field is unchecked Show all If checked shows chart for the time frame specified in the Range data days Copyright Charles Schwab amp Co Inc 2006 All rights reserved 0106 5667 151 Show Price Scale on Left Show High Low Open Close Values on Chart 152 StreetSmart Pro User Manual If unchecked this will display what is indicated in the Data to show field A scroll bar will appear at the bottom of the chart allowing you to move back and or forth through Range days selected Specify the increments for the price scale from 05 to Auto or Logarithmic Once a price interval is selected not Auto or Logarithmic you can manually input an interval You should select an interval that is appropriate to the price range of the security you are charting for the selecte
20. he Chart window Copyright Charles Schwab amp Co Inc 2006 All rights reserved 0106 5667 161 StreetSmart Pro User Manual Studies and Trends CHART STUDIES Chart Studies use a stock s price movements volume and other historical information to attempt to find patterns that may indicate shifting price trends By learning what a particular study may be indicating and then applying that study to your charts you may be able to identify trading opportunities points of support or resistance at certain price thresholds price trends and more Add Studies to a chart from the Tools gt Studies menu StreetSmart Pro software allows you to incorporate studies into your charts for technical analysis Studies can e Overlay on the price chart e Display below the price chart use the Show In drop down located in the Studies window to put additional studies in separate panels in the Chart Window NOTE The same study can be displayed in both places Choose from the following default study parameters Study Name Description Adaptive RSI Adapts the standard RSI to a smoothing constant Default of 14 periods minutes hours days etc can be changed For calculation purposes Adaptive RSI is somewhat similar to an exponential moving average but instead of averaging prior values using a fixed percentage it uses a variable percentage based on the RSI The formula is Akal Close pee ARSI ARS sc Cl
21. he study on or underneath the price chart The formula is t OBV J S Voh S 1 Close Close gt 0 l where i if i i a a a gt Close Close lt 0 168 Copyright Charles Schwab amp Co Inc 2006 All rights reserved 0106 5667 Charts Parabolic SAR The Parabolic SAR stop and reverse is a trend following indicator that may help establish stop loss parameters as well as signaling opportune times to buy or sell a stock Because it s a trend following indicator it tends to be less useful in a sideways market and more useful in a strongly trending market A line above the price may indicate a bearish trend and a line below the price may point to a bullish stock The formula is SAR Tomorrow SAR Today F AF EP trade o SAR today where F Acceleration Factor is one of a progression of numbers beginning at 02 and ending at 20 The AF is increased by 02 each day that a new high is made You can change these values by editing the Minimum Step and Maximum Step fields when setting up the study on your chart And EP iad Extreme Price Point of the trade made so far If you choose Long from the Position drop down EP is the extreme high price for the trade if Short EP is the extreme low price for the trade Pivot Points Uses the previous day high low close and open price to generate a pivot Intraday line two support levels S1 amp S2 and two resistance levels R1 amp
22. it or create a new strategy from the Strategy Center To add a strategy to the chart click on the strategy in the Available Strategies list and check Show selected strategy on chart Edit Strategy Opens the Edit Strategy window for the strategy currently applied to the chart and will allow you to make changes to both the Strategy details and the chart display Show Strategy Once an initial strategy has been applied to the chart you can use Show Strategy to hide or show the strategy on the chart Strategy The Strategy Performance Details window breaks down the Performance details and statistics of the strategy being tested in the Details Chart window Select to change your cursor to display a crosshair when you click on the chart The Crosshair pointer can help you pinpoint prices on a chart more easily than when using the regular cursor Select again to turn off Crosshairs Allows you to zoom in on a smaller area of a chart without having to change your Chart settings Click Zoom In Click and hold the mouse button on the point within the chart where you wish to start to zoom in Drag your mouse across to the point where you wish to end the zoom in and release the mouse button TIP Right Click Charts Shortcut Right clicking on a chart opens a menu allowing you to e Recent Stories for Symbol e Research Ext Quote for Symbol e Apply an Alert to Symbol e Change Symbol e View Time Lines Price Lines V
23. le Edit View Insert Settings Tabs Tools 1min 15min Daily weekly Monthly CSCO Monthly 83 months ARS 14 AUG MAR OCT MAY DEC JUL Miotal TT 2 082 312 300 Stock symbols and price and volume data shown here and in the software are for illustrative purposes only Charles Schwab amp Co its parent or affiliates and or its employees and or directors may have positions in securities referenced herein and may as principal or agent buy from or sell to clients 144 Copyright Charles Schwab amp Co Inc 2006 All rights reserved 0106 5667 Charts CHARTING MENU BAR FILE Load Default Loads the Default settings to a chart or tab Set as Default Click Set as Default when you want the Chart window or individual tab to open with the current settings every time you open a new chart TIP The defaults work on an individual tab basis so if you set a default in one tab it is the settings of that tab that become the default not the settings of the whole chart window Reset Default Return to the program Default settings Page Setup Enables you to customize the current page for printing Read the Printing Windows topic in the Getting Started section for more information Print Click to print the chart currently displayed Close Click to close the chart currently displayed Printing Charts Tip If charts are not printing clearly try changing the background color to white EDIT Symbol Changes the symbol cu
24. le the left mouse button is down or while the cursor is on the information window NOTE To make the Info Window easier to move or always open click View gt Info Window To Expand the Detail of the Info Window 1 Left click the mouse button and keep it pressed Place the mouse cursor on the Info Window and then let go of the mouse button Drag your mouse cursor to the bottom edge of the info window until the arrow changes to a small black arrow pointing in two directions Keep it pressed while you drag the window down to increase the size STRATEGY TESTING IN CHARTS See a graphical representation of your Strategy Tester results in a chart View the entry and exit points the strategy identifies and instantly see if the stock really did move up or down To set up click Tools gt Strategy Center in the Chart menu The image below shows long entry and exit points based on the Bollinger Band strategy which was applied to the chart Copyright Charles Schwab amp Co Inc 2006 All rights reserved 0106 5667 159 StreetSmart Pro User Manual Fi Chart 2 Amazon com Inc Sele File Edit wiew Insert Settings Tabs Tools 1min 3min 15min Daily Weekly AMZN intraday 15 minute 10 day Stock symbols and price and volume data shown here and in the software are for illustrative purposes only Charles Schwab amp Co its parent or affiliates and or its employees and or directors may have positions in
25. lfd il E where F is a factor such as 6 i e 0 06 for the formulas above 164 Copyright Charles Schwab amp Co Inc 2006 All rights reserved 0106 5667 Charts Historical Reflects how far an equity s price has deviated from its average price over Volatility the number of periods you specify This study only applies to Daily Weekly and Monthly charts Default of 20 periods can be changed Historical volatility is calculated E i Ee E inf 5 h n i Keltner Keltner Channels consist of two bands that are not equidistant from the Channels SMA Rather than two bands that are always an equal percentage away from the SMA Keltner Channels expand and contract based on a moving average of the True Range TR The formulas for the upper and lower bands are Uppersand akid E oMA TR LowerSand SAf4 E SAAT t TCR SMATR Imt H where F is a factor H and TR max High Low Higa Close l Close Low h Copyright Charles Schwab amp Co Inc 2006 All rights reserved 0106 5667 165 StreetSmart Pro User Manual Last Close Intraday Moving Average Conv Divergen ce MACD MACD Histogram Money Flow When selected with an intraday chart a line will display indicating the prior day s close price Ffi Chart 2 Applied Materials Sel 1min 3min 15min Day Weekly AMAT Intraday 15 minute 1 day 9 3010 00 11 00 18 40 18 33 18
26. lt of 14 periods and 3 periods For calculation purposes D is an SMA of K below Copyright Charles Schwab amp Co Inc 2006 All rights reserved 0106 5667 171 StreetSmart Pro User Manual Stochastic D Slow Stochastic K Stochastic RSI Similar in principle to D D Slow represents a slower less volatile indicator that simply adds an additional degree of smoothing or moving average period to the original D You can change the period used in the calculation from the default of 14 periods 3 periods and 3 periods For calculation purposes D Slow is an SMA of D above Part of the stochastic indicator along with D Shows the price level of a stock in relation to its price range over a given period You can change the period used in the calculation from the default of 14 periods The formula for an n period K is Close LowestLowmLastuleriods Aighestite hinLastuleriods LowestLow miLastnuleriods oe 100 Plots the Stochastic D line of the RSI Relative Strength Index to represent the level of the RSI indicator relative to its range over the number of periods you specify Default of 14 Stochastic and RSI periods as well as the default Slowing Factor of 1 can be changed You can also check the Ten Grid Lines box to display lines from 0 1 to 0 9 instead of two lines at 25 and 75 The formula for an m period stochastic of an n period RSI is Latest LowestisiaLastePeriods
27. ngth Index scale of 0 weakest to 100 strongest Determined by figuring the ratio of the average up closes for the last 14 days using today s current price for the 15th day divided by the sum of the average up closes and the average down closes for the same period This ratio is multiplied by 100 You can change the number of periods used in the calculation from the default of 15 and you can overlay the study on or underneath the price chart The initial value of an n period RSI is based on the price action for the first n periods Subsequent values are determined using an inductive formula analogous to the EMA formula described earlier G Rad 100 _ The formula for the initial value of RSI is 2 53 Close Close _ te O where Close Llosa gt 0 for a 1 H D gt Close Clese E and H pal for all Clase Cosel lt 0 Subsequent values of RSI are determined using the formula O RSI 100 UD 1 U DU UF where i D fe DD DOWN and i where ba a if C gt 0 and 0 otherwise nd DOWN Ciosg Close f Close Close _ ONE Signal Line Used with MACD You can change the periods used in the calculation from the defaults of 12 26 and 9 Stochastic Part of the stochastic indicator along with K Shows the degree of D smoothing or moving average period of K You can change the periods used in the calculation from the defau
28. ngth or weakness of a price trend The formula for an n period Money Flow is 4 1 MoneyFiow gt _ je trol i t 166 Copyright Charles Schwab amp Co Inc 2006 All rights reserved 0106 5667 Charts Money Flow Money Flow Percent normalizes the Money Flow calculation above by Percent dividing by the cumulative volume for the period You can change the periods used in the calculation from the default of 14 The formula for an n period Money Flow Percent is t oS MoneyFlowh E ry sce Low High Cees ary Yo int n 1 High 7 Low Jmt H 1 Moving Average While similar to the SMA the exponential moving average uses a Exponential smoothing factor to give more weight to recent prices while allowing all EMA prices in the window to influence the average The default of 20 periods can be changed The EMA formula is an inductive formula that is the value at time t is based on the value at time t 1 and a current amount The formula is w EMA F Price 1 F FEMA where Price is set to the Average variable you select when you set up the study F Factor can theoretically be any value between 0 and 1 but is generally related to an n period SMA by the formula Moving Average The average of the last 8 periods close values including current day If Simple SMA current trading session hasn t closed yet the last sale price is used Th
29. ns above and below The center line is not included when applying a Bollinger Bands study To get a center line add a Moving Average Simple study for the same number of periods default 20 to the chart Rather than two bands that are always an equal percentage away from the central average Bollinger Bands expand and contract based on the Standard deviation of the historical volatility of the price action The formulas for the upper and lower bands are Uppertand atd a 2 LowerSand Nid im YR OSST E where m is the number of standard deviations and the formula for is T Price SMA Jmt x 1 A Copyright Charles Schwab amp Co Inc 2006 All rights reserved 0106 5667 163 StreetSmart Pro User Manual Directional Movement DX DM DI Positive DM DI Negative Envelope The Commodity Channel Index CCI measures the variation of a security s price from its statistical mean High values show that prices are unusually high compared to average prices whereas low values indicate that prices are unusually low Contrary to its name the CCI can be used effectively on any type of security not just commodities The formula is ECL l one gt He Jet H lmt where _ Aigh Low Close is MP 3 The Directional Movement study indicates the strength of a trend independent of whether that trend is up or down The study combines several components DI measures
30. omize The Chart Tool Bar customization window will open You can then select which tools you want displayed on your toolbar e Use the Add Remove buttons to move buttons between the Available and Current columns e Use the Move Up Move Down buttons to put the buttons in the Current toolbar in the order you prefer e Click Close when you are finished customizing your Chart Toolbar Moving the Chart Toolbar The Chart Toolbar can be displayed vertically on the left right hand side or the top or bottom of the frame or it can be removed to be a free floating window 1 Move your mouse pointer to the thin bar on the left side of the Chart Tool Bar 2 Click on that bar and then drag the window to the location of your choosing 3 Let go of the mouse button Toolbar Features Not all buttons are displayed by default To add a button click Toolbars gt Customize gt Chart Tool Bar in the main menu Chart General Open the General Settings for the most recently Settings accessed Chart window Copyright Charles Schwab amp Co Inc 2006 All rights reserved 0106 5667 155 StreetSmart Pro User Manual Crosshairs Select to change your cursor to display a crosshair when you click on the chart The Crosshair pointer can help you pinpoint prices on a chart more easily than when using the regular cursor Select again to turn off Crosshairs a Chart Type Choose Monthly Weekly Daily Intraday or Tick Chart Interval
31. ose ARSI fort gt n and n is the RSI period i e an n period RSI Average DM Average Directional Movement is an oscillator that fluctuates between 0 ADX and 100 reading above 60 are relatively rare It s values are interrelated with DI DI and DX 162 Copyright Charles Schwab amp Co Inc 2006 All rights reserved 0106 5667 Charts Average True Measures a security s volatility by averaging the True Range over a period Range of time you specify when setting up the study True Range is the greatest of the following e The current high minus the current low e The absolute value of the current high less the previous close e The absolute value of the current low less the previous close Default of 14 periods can be changed The ATR formula is an exponential average of the true range True range takes into account any gap up or down from the previous day as well as the high and low for the current day The formula is A Sn Ee ea A where TR is the largest of the absolute values of High Low High Yesterdays Close and Yesterdays Close Low Bollinger Bands The top and bottom lines are placed n standard deviations above and below the center line Since standard deviations are a measure of volatility the bands widen during volatile price action and contract when the trading range tightens You can change the variables used in the calculation from the defaults of period 20 and n 2 standard deviatio
32. rrent being displayed in the Chart NOTE This can also be done by right clicking on the chart or by just typing a new symbol when the Chart window is active Tick Data Allows you to change specific bad data displayed in a chart that may impact the technical studies you are using To edit tick data 1 Click on the bar line or candle that has bad data 2 Click on Edit gt Edit Tick Data The date at the top should be for the date you last clicked if it is not you can select the date or time from the pull down menu Make the appropriate changes to Open High Low or Close Click OK Delete Selected 1 Select the item to remove by clicking on the label for Item any study or trend line or for support and resistance lines click on the line itself Copyright Charles Schwab amp Co Inc 2006 All rights reserved 0106 5667 145 StreetSmart Pro User Manual 2 Select Delete Selected Item to remove it from the chart 3 You can also delete the selected line or label by pressing Delete on your keyboard or right clicking on the label or line and selecting Delete Delete All Deletes all of the available items for a group The groups are Studies Trend Lines Support Lines and Resistance Lines VIEW Time If checked lines marking the time frame the chart spans i e Lines hours days months etc are visible If checked lines marking various price levels are visible Lines If checked lines marking where
33. securities referenced herein and may as principal or agent buy from or sell to clients The strategy testing tools available in the Strategy Tester window are also available here in the Chart window e From the Settings gt Back Test menu you can change the settings for the back test such as commissions quantity per trade and initial equity Refer to Back Test Settings to learn about each of those settings TIP When establishing Back Test settings for a strategy being used in a Chart the Bar Size and Number of Bars for Test is effectively the same thing as the Interval and the Range in the chart Settings gt General e From the Tools menu you have access to Strategy Open the Strategy Center to apply a strategy to the Center chart You can also edit or create a new strategy from the Strategy Center To add a strategy to the chart click on the strategy in the Available Strategies list and check Show selected strategy on chart Edit Strategy Opens the Edit Strategy window for the strategy currently applied to the chart Show Strategy Once an initial strategy has been applied to the chart you can use Show Strategy to hide or show the strategy on the chart 160 Copyright Charles Schwab amp Co Inc 2006 All rights reserved 0106 5667 Charts Strategy The Strategy Performance Details window breaks down Performance the details and statistics of the strategy being tested in Details t
34. st Fit in the Trend Lines topic Click the button and then click and drag a line on the chart to apply a trend line that snaps to the open high low or close of the trend being studied To change which price the trend line snaps to the default setting is Close click the Edit Trend Lines button in the toolbar and choose the Snap To line you wish to edit o 4 e gt Read more about Snap To in the Trend Lines topic Fibonacci Click the button and then click on the chart to draw a Retracement Fibonacci Retracement line Read more about Fibonacci lines in the Trend Lines topic Fibonacci Fan Click the button and then click on the chart to draw a Fibonacci Fan line Read more about Fibonacci lines in the Trend Lines topic Copyright Charles Schwab amp Co Inc 2006 All rights reserved 0106 5667 157 StreetSmart Pro User Manual D Fibonacci Arc Click the button and then click on the chart to draw a Fibonacci Arc line Read more about Fibonacci lines in the Trend Lines topic E VAP Click to show lines bars on the chart where the highest Volume Average Prices have occurred za Click to add a Conditional Order or Alert on the security in the most recently accessed Chart window Open the Online Help directly to information on using Charts in StreetSmart Pro CHART WINDOW SETTINGS Chart Settings StreetSmart Pro software gives you real time interactive charting capability with a wide range of cus
35. tomizable features You can Open a New Chart Open as many as six charts at one time 1 Go to the Toolbar 2 Click the chart icon i Link Charts to the Trading Window A chart or multiple charts will automatically load the symbol of the stock in the Trading window if they are linked To link charts to the Trading window 1 From the Trading Window select Settings gt Links 2 This allows you to link from a Trading Window to any chart or combination of charts To link to multiple charts such as Chart 2 Chart 2 must be open prior to going to Settings gt Links Open Charts That Are Not Linked to the Trading Window 1 Highlight the chart by clicking it 2 Type the symbol you want and press Enter Get Chart Statistics While in the chart click the left mouse button and the following information window will appear 158 Copyright Charles Schwab amp Co Inc 2006 All rights reserved 0106 5667 1 08 01 00 Charts b4 75 70 00 28 50 68 63 943 610 500 66 03 The contents of this window will vary depending on the studies that you have selected in your chart To Move the Window to Another Location on the Chart i 2 4 Click the mouse button and keep it pressed Place the mouse cursor on the top blue title bar of the window and release the mouse button Click the mouse button again and keep it pressed while you drag the window where you want it The window will only be visible whi
36. udy 1 When it appears in the right column click on the study to change its Period s Color Show tn and Label properties 2 To change the default period click in the window and add the new variable for your period 3 Use the Show In drop down to overlay the study in the main chart window or place the study in a separate pane below the chart 4 Study Data Points Certain studies may be more precise when using a larger set of data to calculate the study results but occasionally a chart will not have enough data to maximize the precision of the results What StreetSmart Pro charts do for studies where this applies is extend the period used to calculate the study up to 4x the study period to achieve the most accurate study results Checking Auto Optimize will automatically try to achieve the most precise results given the amount of data available By unchecking Auto Optimize you have a choice about how much data to use in the study calculation Max Display will use data only from the number of periods you specify Max Precision will use data from the specified number of periods multiplied by 4 5 Make the changes and click OK To Delete a Study Click on the study then click the lt lt button TREND LINES Trend Lines are a technical indicator where a straight line is drawn connecting a series of prices with either a clear downward or upward trend Traders incorporating trend lines into their strategy may look for prices
37. upward moves DI measures downward moves DX combines DI and DI and ADX is a smoothed version of DX The basic Directional Movement trading system involves comparing the 14 day DI Directional Indicator and the 14 day DI This can be done by plotting the two indicators on top of each other or by subtracting the DI from the DI The study indicates buying when the DI rises above the DI and selling when the DI falls below the DI You can change the periods used in the calculation from the default of 14 The basic Directional Movement trading system involves comparing the 14 day DI Directional Indicator and the 14 day DI This can be done by plotting the two indicators on top of each other or by subtracting the DI from the DI The study indicates buying when the DI rises above the DI and selling when the DI falls below the DI You can change the periods used in the calculation from the default of 14 Employing an Envelope is similar to Bollinger Bands except equidistant from the center average in that the Envelope helps define the upper and lower boundaries of a security s normal trading range When the security reaches the upper band this may indicate a sell opportunity whereas the security reaching the lower band may indicate a buy opportunity Default of 20 periods with Upper and Lower default of 6 can be changed The formulas for the upper and lower envelopes are Uppertnveiope aid 1 E Lowerduvedpe o
38. verlay Style Line Graph Line width Ea Study Line width Ea Data to show 120 Dals l Show all data Price scale s Auto linear Show Price Scale on Lett W Show Last Trade Label W Show High Low Open Clase values on chart Chart Choose the period the chart will be based on Monthly Weekly Type Daily Intraday Range Enter number of periods up to 240 months for Monthly charts days 3 000 days for Daily charts 250 weeks for Weekly charts 30 days for an Intraday chart NOTE The number of days available on an Intraday chart decreases along with your Interval setting For instance if you choose 1 minute intervals you will only see 4 days of data however as you increase your interval you can increase the number of days back available to view 60 days of Intraday charts are only available when the interval is 10 or higher in intervals of 5 For example you can get 10 days for Intervals of 10 15 20 30 60 You can only get 5 days for Intervals of 1 5 minutes or any other number that is not devisable by 5 Interval Applicable to Intraday charts only minutes 148 Copyright Charles Schwab amp Co Inc 2006 All rights reserved 0106 5667 Charts Overlay Enter a symbol to overlay on your chart Symbol Enter the hours you want chart data for in military time for example 1600 for 4 00 p m ET NOTE Beginning time can be no earlier than 0600 and no later than 0930 ET Closing
39. w where Copyright Charles Schwab amp Co Inc 2006 All rights reserved 0106 5667 173 StreetSmart Pro User Manual APDM F PDM 1 F APDM AMDM F MDM 1 F AMDM eet is High High 1 if gt 0 O otherwise eee is Low Low if gt 0 O otherwise If both and are gt 0 the smaller is set to 0 _ 3 F Factor is related to an n day SMA by the formula ma n l TIP Right Click Shortcut to Add a Study or Trend Line e Right click in the chart e Go to Tools and select Studies or Trend lines and select New or Delete ADD OR DELETE A STUDY Studies Options Adaptive RSI Average OM AD Adaptive ASI Average True Range Bollinger Bands ICCI Directional Moyvement Ds OM 01 Positive DM D1 Negative Envelope Historical Volatility kelner Channels Last Close Intraday MACD Show in Stud 1 MACD Histogram i Show label iMoney Flow Percent amp Moving Avg Exponential Sera Moving vg Geometric Moving Avg Simple I Moving vg Smoothed n Balance Volume Pivot Points Intraday Price Relative Rate of Change Relative Strength Index signal Line ve Cancel To Add a Study 1 Click Tools gt Studies and the Studies Set up panel will appear 2 Click on a study in the left column 3 Click the gt gt button to activate the study 174 Copyright Charles Schwab amp Co Inc 2006 All rights reserved 0106 5667 Charts To Customize the St
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