Knowledge articles on Technical Analysis Indicators, Chart and Candlestick Patterns supported by ChartMill stock charts and stock screener.
The Accumulated Volume Technical indicator on the charts.
The Moving or Anchored VWAP (Volume Weighted Average Price) indicator is available in the ChartMill stock charts.
An indicator to show the value of a stop with distance based on the Average True Range
A Chartmill Channel is a horizontal channel wherein prices move sideways
The Chartmill Trend Indicator indicates whether a trend is positive, negative or neutral.
Relative Strength measures price performance of a stock relative to the other stocks in the market.
Dorsey Relative Strength compares the security to an index
Mansfield Relative Strength as used by Stan Weinstein
A Pocket Pivot is a price/volume pattern that reveals an interest of large players and is available in our charts and stock screener.
Some market breadth chart indicators provided by ChartMill
An indicator to show the value of a stop which is moved on swingpoints
Effective Volume looks at intraday volume to analyze accumulation and distribution by large players
Strong stocks are consistent strong performers in the market
The Trend Intensity indicator measures the strength of the trend.
Using the Chartmill Value Indicator and Dynamic RSI to find overbought or oversold levels
View the technical health and setup quality of any stock with these ChartMill ratings.
Consolidated Support and Resistance combine support and resistance from several indicators and time frames
Weinstein stage analysis in the ChartMill charts and screener
The Relative Strength Index (RSI) Indicator is a technical analysis momentum indicator which finds overbought and oversold conditions.
The MACD indicator is a technical analysis indicator used to determine the strength, direction and duration of a trend. This article it about its practical usage.
Learn how to find support and resistance levels using technical analysis tools, such as horizontal and diagonal trend lines, moving averages, and Fibonacci retracements.
The Simple Moving Average, definition and Formula
The Exponential Moving Average | Definition and Formula
The Smoothed Moving Average, definition and Formula
Moving averages are an ideal tool to determine the price trend of a share. How to do that and which things to take into account is discussed in the article below.
The stochastic oscillator dates back to the late 1950s and was developed by George Lane who was part of a group of futures traders. His buying and selling decisions were mainly based on technical analysis.
This is a follow-up to the first basic article around the Stochastic indicator. In ChartMill, there are 3 different variants available, the Fast, Slow and Full Stochastic.
The Stochastic RSI - like the regular Stochastic indicator - is a momentum indicator used primarily to identify overbought or oversold levels. The difference with the ordinary Stochastics indicator is that the Stoch RSI relies on the RSI values and not on
The Average True Range (ATR), developed by J. Welles Wilder, is an indicator in technical analysis which measures the average volatility of the underlying asset. To do so, it calculates the average of the True Range over a predetermined period.
Keltner Channels are used to identify price levels where the existing trend changes direction at the time the price breaks out of the channel or to visualize overbought and oversold levels in consolidating markets.
The Force Index Indicator, developed by Alexander Elder, uses price change in combination with volume to identify the strength of a price movement.
The On Balance Volume Indicator (OBV) is a momentum indicator. It plots volume against price changes. The OBV indicator can rise, fall or stay the same. This solely depends on how the price evolves.
The Aroon-indicator is used to discover and anticipate new potential trends early on, identify sideways markets but also to visualize correction periods within existing trends. It is a very versatile indicator but it takes some practice to learn to interp
The awesome oscillator is a momentum indicator that provides insight into how strong or how weak a stock is performing. This is done by comparing the recent market momentum with the more general momentum over a longer period in the past. This confirms exi
The Moneyflow Index is a typical momentum indicator that indicates the extent to which there is inflow or outflow of market capital. In this way the underlying money flows are visualized.
The Alligator indicator consists of 3 different smoothed moving averages and is useful for recognizing price trends.
A very popular and widely used technical indicator are the Bollinger Bands, developed by John Bollinger. The indicator is used to measure the volatility (the degree of movement) of a stock or any other financial instrument.
In this article, we will explore the similarities and differences between Keltner Channels and Bollinger Bands and help you decide which indicator may be better suited for your trading style.
There is no one best support and resistance indicator, but combining several technical indicators provides more confidence. Moving averages, Bollinger Bands, Fibonacci retracements, and pivot points can serve as dynamic support and resistance zones. Relative Strength Index (RSI) can be used as a confirmation signal.
The Bullish Engulfing Pattern is a powerful candlestick pattern for trend reversal trading. Learn how this pattern forms, how to recognize it, and how to use it in a profitable trading strategy.
Understanding the Bearish Engulfing Pattern
The Bullish Harami pattern is formed by two candles. The first candle is a negative (bearish) candle where shortly after the opening the price falls and by the end of the trading day, it closes near the daily low. As a result, a fairly long body is visible, as a sign of a clear negative trend.
A bearish harami is a pattern that indicates a top when it is preceded by a price increase. It is a two-candle bearish reversal pattern.
The bullish hammer pattern is a candlestick pattern in technical analysis that proves especially useful in active swing trading strategies in which the pattern is used as a warning signal that an existing bearish trend could reverse.
The gravestone doji candle pattern is considered a bearish reversal signal in a bullish trend. The candle is characterized by a significant upper shadow but the open, low and closing price are ultimately very close together. This indicates investor doubt about the prevailing trend.
The dragonfly doji is a Japanese candlestick pattern consisting of only one candle. It is used to identify reversal patterns after a bearish price trend.
A shooting star candle is characterized by a small real body located at the lower end of the candle, with a long upper shadow and little to no lower shadow.
The Dark Cloud Cover is a bearish reversal candlestick pattern that consists of two candlesticks, with the first being a long bullish candlestick (white or green) and the second being a long bearish candlestick (black or red).
Bull Flags and Pennants are powerful chart patterns in technical analysis. The are called 'continuation patterns' as the flag embeds prices that are consolidating in a range after a strong move up.
The ascending triangle pattern is a bullish continuation chart pattern in technical analysis formed by a rising trendline and a horizontal resistance line.
The Golden Cross and Death Cross are popular concepts within the arsenal of tools in technical analysis. They are patterns created by combining two moving averages.
A Descending Triangle Chart Pattern is a bearish continuation pattern. It is formed when prices are trapped between a descending trendline and a horizontal support line. The trendline and support line are forming a triangle, a right angle triangle even.
A symmetrical triangle is a technical analysis chart pattern characterized by a converging upwards trend line with a downwards resistance line.
The cup and handle chart pattern is one of many classic chart patterns within technical analysis. The pattern literally has the shape of a 'cup with handle', hence the name.
Bear Flags and Pennants are powerful chart patterns in technical analysis. The are called 'continuation patterns' as the flag embeds prices that are consolidating in a range after a strong move down.
Triangle patterns are well-known chart patterns within the field of technical analysis. They exist in different formations, bullish, bearish or symmetrical.
A rising wedge is a chart pattern characterized by two rising trend lines running in the same direction but with different slopes. The lower trend line is steeper than the upper trend line which in itself is a sign that buyers are moving increasingly faster into the market during intermediate price dips.
A falling wedge has two descending trend lines. Both trend lines run in the same direction but each has a different slope.
Wedge patterns are considered reversal patterns within technical analysis. The wedge formation consists of a support and resistance line running in the same direction but with different slopes. The formation gradually narrows until eventually the lower or upper trend line is broken, leading to a buy or sell signal.
The head and shoulders pattern is one of the most well-known technical patterns within the field of technical analysis. The pattern is characterized by the presence of 3 consecutive price tops with the middle top being the highest.
A double bottom is a well-known chart pattern within technical analysis and is considered an early bullish reversal pattern. It indicates an imminent trend reversal after a downtrend.
The triple bottom pattern is an extension of the double bottom pattern and is also cataloged as a bullish reversal pattern.
The diamond chart pattern is a technical pattern that can occur either at the end of a falling or rising trend. It is a powerful reversal pattern that - *unlike many other technical patterns* - can only be observed rather exceptionally.
The rounding bottom, also called a saucer bottom is a bullish reversal pattern within the field of technical analysis. The rounding bottom contains the absolute low and the pattern itself is the actual 'bottoming out'-process that takes at least weeks and sometimes even months.
An ascending price channel is formed by two rising trend lines running parallel to each other. This creates the pattern of higher tops and higher bottoms, also called price swings.
The descending price channel forms through a succession of lower tops and lower bottoms. When the respective tops and bottoms are connected, two descending trend lines parallel to each other are created.
A double top is a bearish reversal pattern and is thus the counterpart of the double bottom pattern. The pattern is a first tentative indication that the current bullish trend is coming to an end and the chances of a bearish trend change are present.
Chart patterns are a common tool used by traders to identify potential trading opportunities in the financial markets. These patterns are formed by the price action of a security, and can provide valuable information about the direction in which the price is likely to move.
A gap is a break in the price chart of a security, which occurs when the price of a security suddenly rises or falls sharply, causing certain price levels to be skipped so that no trading takes place at those levels.