Chartmill | Trading using the Chartmill Technical and Setup Quality Ratings

Getting started with chartmill

Welcome to the chartmill documentation center!
Chartmill is a website mainly focused on technical screening. The goal is to find you the best trading setups every day, with minimum time spent.

We realize there is a lot here. In this article, we will gently introduce you to different features in chartmill.

1) Start with the analyzer.

 

analyzer

You can open the analyzer by clicking on the ‘analyzer’ top level menu item.
The analyzer was designed to make things as easy as possible. It will present a full report on any stock you choose. There are 3 ways to get reports:

  1. Enter a ticker of your choice and press enter or the analyze button on the first tab
  2. Load a watchlist on the first tab.
  3. Switch to the ‘Todays Breakout Setups’ tab to see the best setups of the day.

Note that in the ‘Todays Breakout Setups’ tab, you can select your preferred market, minimum volume and price to only see these stocks you really care about.

A full report will be presented, showing:

report

  • A technical rating of the stock.
  • A textual analysis of the current strong and weak points.
  • An analysis of the support and resistance zones.
  • An analysis of the current setup possibilities
  • When there is a valid setup, a concrete trade suggestion will be done.

When you find nice trading candidates, the analyzer allows storing them into watchlists easily.

Check out this article about how the analyzer concepts can be used in your trading.

2) Check out the shared screens.

The shared screens section can be found right next to the analyzer in the top level menu:

shared

The Shared Screens page contains a list of screens (which are screener configurations) that have been shared by our users and ourselves:

  • The list is sorted by popularity of the screen. So the first items shown are most popular.
  • When you click the eye-icon, you can see a short description of what the screen does. For the most popular screens there is also a link to a more in depth description of the screen.
  • Clicking the title or the ‘run this screen’ button will take you to the screener.

As mentioned, several screens have extended documentation. It is probably a good idea to read through these to familiarize yourself with several chartmill concepts. Here are some direct links to these articles:

The screener section of the documentation has several more entries on screening.  The article on Mean Reversion screening could be a good read.

 3) Get familiar with some chartmill proprietary concepts.

In our documentation, check out the ‘Indicators’ section. Interesting reads could be:

4) Read some of our published articles.

Chartmill regularly publishes in depth articles in Traders Magazine of Stock & Commodities. You can find these articles in our publications sections.