Begin To Trade with ChartMill

ChartMill Documentation Center for Traders

Welcome at the ChartMill Documentation Center for Traders. Here you can find lots of information about famous traders and their indicators. You can also find links to different screeners, books and charts. Feel free to give us some feedback if you have any interesting additions.

Enjoy!
The ChartMill Team.

Latest News

New Chart Type: Cumulative data

The basic charts allows you to view data 'cumulated'. The cumulative view can be obtained by selecting 'Cumulative' as chart type ( where the default is 'Candles').

This feature was added mainly to be used with the new breadth indices. For example: the 'NYSE advance - decline' index ($ADDN) shows for each day the difference between the number of advancing issues and the number of declining issues. When you show this data in cumulated mode, as can be seen here, you get the 'Advance Decline Line' ( or ADL ). The Advance decline line is described by investopedia as:

"A technical indicator that plots changes in the value of the advance-decline index over a certain time period. Each point on the chart is calculated by taking the difference between the number of advancing/declining issues and adding the result to the previous period's value" ( link ).