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Tradesignal Online Charting

Tradesignal Online Charting – Manual

Preface

The chart software Tradesignal Online, created by Tradesignal GmbH, will be available free of charge for all users of the web site www.tradesignalonline.com. You can use this groundbraking chart software to create stock instrument analyses which are based on the idea of technical analysis. There are a lot different tools implemented such as trend lines and trend channels, Fibonacci Retracements, Arcs and Fans. Additionally you can use a lot of new and approved indicators. Have you ever tried to apply an indicator to another indicator? It´s easy with Tradesignal Online please have a look at the many other special features.

Features of the (upper) tool bar from the left to the right

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The two green arrows allow the updating of existing charts. Also, you can turn on the Reloader (The Reloader service continuously loads the latest price data, while your charts in Tradesignal Online are still running. You won't miss important market movements anymore!). Further information can be found here:Reloader

Working modes

File

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Click on the small black triangle to the right of the File button to open the menu. In this menu you have the option to save your charts and to create new lanbels. Click on Save as if you would like to save the chart with another name or in a certain label.

With the two blue arrows you can navigate through your charts back and forwads or you can switch to the overview.

You can also use three different mouse cursor modes in Tradesignal Online Charting. The normal mode is an arrow cursor. You can also switch to the target cursor mode. If you have the target cursor activated and click into the chart on a price mark, you will see more information about this price mark (for example date, open, high, low and close price, volume, open interest and values for every drawing tool currently used) in a new small window. The third cursor mode is the zoom mode, which you can use to zoom into a chart to enlarge a part of it.


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The Tool Bar

The Symbol Tool Bar is placed at the left border below the "File" menu.
In the 'Symbol Tool Bar' you will find many valuable drawing tools which constitute one important part of the technical analysis. The plentiful drawing tools in Tradesignal Online Charting are especially useful since you can extend, mirror, move and clone most of them. You can also change a lot of the visual settings for the drawing tools. Here follows a closer description of each drawing tool:



Show as sidebar
Select this option if you want to move ony the tools next to the chart. The other menues are not affected.

Trend Line (A line between two freely selectable anchor spots)
You can use trend lines to do the following:
  • Visualize price trend movements
  • Indicate different market moves
  • Indicate resistance levels
  • Indicate support levels
Trend lines are probably the plainest drawing tool in the chart analysis. They are for example used to visualize price trend movements such as price ups and downs and support and resistance levels. Trend lines can be used for a complete analysis and thus as a basis for trading decisions. They can also be used to give a brief overview when indicating the market structure in the chart.
See also Trend Line

Trend channel (Trend channel between two freely selectable anchor spots)
You can use the trend channel to visualize trend progression for example by:
  • Identifying strong trends
  • Indicating resistance and support levels
  • Identifying trend patterns
  • Indicating horizontal price movements
The trend channel is one of the standard drawing tools in the technical analysis. It can be used to visualize trend movements and certain trend patterns. Another range of application is identifying significant price levels and horizontal movements. The two parallel lines in the trend channel are useful when you wish to create a quite exact analysis. The trend channel can also be used as a basis for trading decisions.
See also Trend Channel


Stop line(A horizontal line used to indicate price levels)
The stop line can for example be used to:
  • Draw horizontal lines
  • Indicate resistance levels
  • Indicate support levels
  • Measure price movements exactly
  • Place a line on a freely selected price level
The stop line is a simple horizontal line which only uses one anchor spot in the chart. It is automatically extended through the complete chart. The stop line can be used with an alert function and thus be used for the exact timing of market entry and exit.
See also Stop Line


Arrow(Arrow between two anchor spots, can be automatically labeled)
The arrow is used to highlight special occurrences in the chart and is mostly used together with other drawing tools to represent a complete analysis.
See also Arrow


Abc(Tool for inserting text into the chart)
You can use this tool to comment the chart by writing short notes or adding you own labels into the chart. This is for example very useful when you wish to share the chart with other users or post it in the forum.


Guide Line(Simple vertical line with date and time label)
The help line can be used to highlight single trading events. You can for example use it to mark a candle, a bar or an indicator signal.
See also Guide Line

Andrews Pitchfork
Andrew's Pitchfork is used to identify trend phases as well as resistance and support levels in the chart. The idea used as basis for the tool is the assumption that the price movement follows a certain trend which only is interrupted by consolidation phases. The pitchfork uses three significant price markers to calculate three trend lines which are drawn into the chart. These three trend lines are supposed to show the assumed future trend movement.

You can use Andrew's Pitchfork to do the following:
  • Identify resistance and support levels
  • Analyze the possible main trend after a price adjustment movement.
Andrew's Pitchfork


Linear Regression Channel(Trend channel which uses a regression line between two anchor spots as basis)
The regression channel is a combination of automatic and discrete analysis method. You have the possibility to decide where the channel should start and where it should end. You can also choose which calculation method should be used. But it is not possible to decide exactly where the channel will be drawn since this is a result of the mathematical calculation of the mid line.

The mid line of the channel is calculated using the formula of the smallest square and is based on linear regression theory. This calculation will result in a line which goes through the price data thus indicating a trend movement.

You can for example use the regression channel to do the following:
  • Represent the current trend movement
  • Search for Swing turning spots
  • Find resistance and support levels
Linear Regression Channel


Gann Line (45 degree line of W. Gann's analysis method)
The Gann line was invented by W.D. Gann about 1929. He published the idea of Gann angles together with some quite esoteric thoughts about the connection between time and price movement. Gann assumed that the price movement was connected to the date axis and thus it was logical for him to construct a trend line which works with angles drawn between the date and the price axis.

You can for example use the Gann line to do the following:
  • Indicate trend movements
  • Find resistance and support levels
Gann Line


Fibonacci Retracement (Grid of retracement and projection lines based on two anchor spots separated by the Fibonacci numbers)
You can for example use the Fibonacci Retracements to do the following:
  • Identify future price levels for adjustment movements
  • Identify future price levels for trend movements
  • Indicate future price levels for price breakouts
  • Estimate the current market situation and possible future trends
  • Find entry marks at possible reversals
Fibonacci retracements are a grid of horizontal lines which are drawn between to price levels. You can use them to analyze both trend and reversal movements. The lines are placed in the chart following the theory of the Fibonacci numbers and are thus indicating the golden selection. In the technical analysis using the Fibonacci numbers it is assumed that the price movement will follow the same periodical pattern as the Fibonacci numbers indicate. The drawing tool Fibonacci retracements is used to find possible lowest reversal levels or to identify future price levels connected to the Fibonacci numbers.
Fibonacci Retracement


Fibonacci Time Projection(Grid projection at the time axis into the future between two anchor spots)
The Fibonacci time projection tool adds a number of vertical lines into the future of the chart. They start at the right anchor spot in the chart and the distance between them will be based on the Fibonacci numbers. Thus the lines will represent a harmonic pattern of possible price level turning points in the chart.

You can for example use the Fibonacci time zones to do the following:
  • Search for possible price turning points
  • Identify future price target points in a current trend movement
Fibonacci Time Projection


Fibonacci time zones(Vertical grid of lines, the distance between them predefined by the Fibonacci numbers)
The Fibonacci time zones are calculated similarly to the Fibonacci time projection. Still their construction is less complicated and therefore the possibilities to adapt them for individual use is limited.

You can for example use the Fibonacci time zones to do the following:
  • Identify future price target points in a current trend movement
  • Search future reversals points in a current trend movement
  • Support other drawing tools
Fibonacci Time Zones


Fibonacci Fans(Fan drawn from a base line between two anchor spots. The angles of the fan predefined by the Fibonacci numbers)
The Fibonacci Fans are drawn as a series of trend lines. The distance between the lines is based on the Fibonacci numbers, thus deciding how big the angles will be. It is assumed that the trend will move on in a similar directions as before when a short period of consolidation has occurred. Thus the price level is supposed to only be slightly adjusted up or down on the price axis.

You can for example use the Fibonacci Fans to do the following:
  • Identify a series of support levels when the trend is moving upwards
  • Identify a series of resistance levels when the trend is moving downwards
Fibonacci Fans


Fibonacci Arcs(Arcs drawn around a base line with two anchor spots, the distance between them predefined by the Fibonacci numbers)
As the other Fibonacci drawing tools the Fibonacci Arcs are also based on the assumption that trend movements follow a harmonic pattern which is mirrored by the Fibonacci numbers.

You can for example use the Fibonacci Fans to do the following:
  • Search for consolidation target points in a trend movement
  • Identify support and resistance levels
Fibonacci Arcs


Ellipse(Ellipse, can be freely enlarged in both directions)
The ellipse is used to indicate consolidation zones in the chart. The drawing tool is based on the assumption that the price trend movement follows harmonic patterns.
Ellipse

Rectangle(Rectangle, can be freely enlarged in both directions)
The rectangle is a drawing tool without any further analysis qualities than to highlight certain interesting parts of a chart. It can be used to identify a sidewards trend movement but also for any other marking.

You can for example use the rectangle to do the following:
  • Indicate resistance and support zones
  • Frame consolidation zones
  • Identify market trends
Rectangle


Circle(Circle, diameter can be freely set)
The circle can be used to highlight other drawing tools or to mark certain interesting parts of a chart.

You can for example use the rectangle to do the following:
  • Visualize trend patterns
  • Highlight trend line intersections or other interesting areas of the chart
  • Indicate price level targets
Circle


Arc(Semi circle, can be freely enlarged in both directions)
The arc is used similarly to the circle and the rectangle as it also not has any special analysis qualities. Arc


Snap Mode(Drawing mode for the mouse cursor which enables an exact attachment to the anchor spots)
To activate the snap mode click on the button illustrated above. Click on the drawing tool you would like to use, such as for example a trend line or trend channel. After you placed the first anchor spot in the chart, the other end of the trend line will automatically jump to significant price marks in the chart (highs or lows) as you draw it in the chart. This feature will enable you to attach the end of the drawing tool exactly to a certain price.


Auto Reset Draw Tools(Resets the normal mode after a drawing tool was added)
When the automatic reset is activated, the mouse cursor will be set to the default mode after you added any drawing tool to the chart and it is not possible to add another drawing tool without selecting it from the tool bar. If you deactivate the automatic reset the drawing mode will be kept and you can add the same drawing tool again without first selecting it in the tool bar. This is very useful when you wish to add for example many trend lines to the chart.

To easily activate the automatic reset again when you finished drawing click with the right mouse button into the chart and then click with the left mouse button on a free spot in the chart.

Remove all tools from the chart
A quite useful feature which will remove all drawing tools, including text, from the chart.

Chart

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Go to the menu Chart Type to select which chart type should be used for the current chart. The most popular chart types are Line, Candlestick, Bar and Point & Figure charts. Besides Candlestick charts, Kagi, Renko and Three-Line Break charts are often used in Japan. Tradesignal Online Charting offers as special feature the display of indicators (such as RSI, Momentum, CCI and a lot more) not only as Line charts but for example as Point & Figure, Kagi or Three-Line Break charts as well.
See also Chart

Bar-Chart
In a Bar chart the high, low and close price are shown as bars. The close price is shown at the right side of the bar and if there is an open price this will be shown at the left side. The Bar chart has an European origin.
See also Bar-Chart

Candlesticks
In a Candlestick chart the open, high, low and close price are all used. The difference between the open and the close price is filled out thus creating the body (red or white) of the candle. A white candle body indicates ricing prices and a red candle body falling prices. The Candlestick chart is about 400 years old and thereby one of the oldest techniques to display stock prices.
See also Chart

Line
The Line chart type is the oldest and simplest display format for stock market data. The line in the chart will be continued for each new period thus creating a continuous display of the price development. Normally the close price will be used in a Line chart.
See also Chart

Stepped-Line
The display of stock prices in a Stepped Line chart will look as steps. In a normal Line chart the prices will be connected by a direct line but in a stepped line chart, the connection line will be drawn in a square angle.
See also Chart

Symbol
A Symbol chart is created similar to a normal Line chart. The difference is that the price marks are not connected with a line but drawn as single symbols. A lot of different symbols can be selected in the display.
See also Chart

Filled Area
Filled Area charts are not very useful for displaying stock prices as they are. They will certainly display nice colored areas but too much useful information about the stock price will get lost in the illustration.
See also chart

Histogramm
In a Histogram chart each value will be displayed as a bar. This chart type is mostly used for indicators. When different colors are used for the bars, it is possible to display price changes over the time particularly clearly.
See also Chart

Linked Forest Chart
A Linked Forest chart is only slightly varied compared with a Histogram chart. The only difference is that the tops of the bars are connected by a line. The further display and use will be identical with Histogram charts.
See also Chart

Candle Volume Chart
In a Candle Volume chart not only the price but also the volume of the stock instrument will be displayed. This chart type is used for instruments for which the volume is considered to AUSMACHEN an important part of the visual analysis besides the stock price.
See also Chart

Equi Volume Chart
Equi Volume charts are created as a combination of price movement and trade volume where the display will be two dimensional boxes. The open and the close price will as a result of this special visualization not be visible in a Equi Volume chart.
See also Chart

Kagi Chart
In a Kagi chart there will be one line displaying both up and down movements. If the Kagi line rices above the last high it will be blue and if the line falls below the last low it will be red. The blue Kagi line is called the yang line and the red one is named yin line. The Flexion line will connect the yang and the yin line horizontally. Kagi charts uses the close prices in the display. A new line will only be drawn if the price is ricing or falling more than the reversal value above or below the last price. If there are new high or low prices the Kagi line will be continued. But if the price movement in the opposite direction is smaller than the reversal value no line will be drawn. For this reason the Kagi chart has no fixed time axis. It is possible to change the settings for the reversal.
See also Kagi-Chart

Renko Chart
The origin of Renko charts is as well as for Candlestick charts in Japan. The word Renko is derived from the Japanese word renga which means brick. A Renko charts is drawn as mono colored rectangles which are called bricks. Only the close price is used for the display, the volume and other prices are not considered.
See also Renko-Chart

Three Line Break
In a Tree Line Break chart red and blue pillars, so-called lines are drawn. A new blue line will be drawn if the price reaches a new high or if the prices rices higher than the highest price of the three last red lines. A new red line will be drawn if there is a new lowest price or if the price falls below the lowest price of the last three blue lines. Thus it is obvious how this chart type, which only uses the close price, got its name. If the price moves Betawellen the highest high or lowest low, no lines will be drawn. It is possible to change the settings for the reversal.
See also Chart

Point and Figure
As well as for Line and Candlestick charts, the use of Point and Figure charts dates a long time back. Some say the Point and Figure chart is the oldest. But even though this chart type is not very common it is used by many traders and is discussed most intensely in many forum discussions.
See also Chart



Period and Timespan

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Tradesignal Online Charting offers a wide range of possibilities to customize the period and timespan in the charts. You can decide how long the history should be and which period you need. You can even create your own periods.
See also Timespan and Period


Publish

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Here you can post the chart in the forum. You also have the possibility to save charts as an image, send as a board mail or to print. You can copy the chart and paste it into an empty chart.

In the performance report you can read statistical information about your trading systems, either the ones currently in use or one which you are back testing. The performance report will not only contain statistics displayed in tables but also graphical interpretations such as diagrams. See also Perfomance-Report


Report bad tick

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Use this button to report bad ticks to the Tradesignal Support Team. (The form will open in a separate window).

Properties

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You will find the properties for all objects in the currently opened document in the properties window. These objects can for example be indicators or trading systems but also drawing tools. In the upper part of the properties window you will see a list with all objects. In the lower part of the window you will see the single setting options for each object.
See also Properties

The Tool Box

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In the tool box you will find indicators, trading systems, Equilla functions, charts, the instrument list wizard and the options window. In the lower part of the tool box you will find a lot of useful tools grouped in sections which you can use to organize the single objects.
See also Toolbox

Symbol lists
An instrument list will contain the names and identity numbers of certain instruments traded at an stock market and can be used when you would like to open a new chart. Mostly an instrument list will contain all instruments of a certain industrial or commercial sector, a certain stock market index or a certain category of instruments. You can also create your own instrument lists following your own assortment.
See also Symbol Lists


In addition to the lists you will find two icons. With the star icon, you can add symbols to "My Favorites". With the lines symbol you can convert an open list of securities in the format. You can change the appearance of two lines on Single-line switch and switch between various displays, such as Close or change.

Neben den Listen finden Sie zwei Icons. Mit dem Stern können Sie Favoriten Listen festlegen. Mit den Strichen können Sie eine geöffnete Wertpapierliste im Format umstellen. Sie können hier die Darstellung von Zweizeilig auf Einzeilig umstellen und zwischen verschiedenen Anzeigen umstellen, wie z.B. Schlußkurs oder Veränderung.

Upper Section

Charts
  • In the 'Charts' section you will find an overview of your folders and saved charts. Click with the right mouse button on a chart to open or delete it.
Indicators
The indicators used for technical analysis are mathematical formulas which are calculated with stock market prices and related data as inputs. You can use the indicators to do the following:
  • Trigger signals in mechanical trading systems
  • Spot trends in your charts
  • Make decisions about trading opportunities
  • Assistance your chart analyses

See also Using Indicators


In the 'Indicators' section you will find all indicators which are available in Tradesignal Online Charting. Click with the right mouse button on an indicator to either apply it to the chart or to edit it. If you choose 'Edit' in the context menu, the indicator code will open in an editor window for further changes. All new indicators which you create will be saved in the 'User' folder.

Strategies
In the 'Strategies' menu you will find all trading systems which are available in the file and system folders of Tradesignal Online. Click with the right mouse button on a trading system to open its Equilla code in an editor window. There are three different parts of a trading system; rules concerning all types of trading decisions, rules concerning the cash management and finally rules concerning risk management.
See also Using Strategies

Modern computer programs offer a complete automatic progression for all processes and even autonomous trading conducted by the software. tradsignal basic edition thus offers the possibility to link the software to Interactive Brokers, for more information see also www.tradesignal.com and Automatic Order Routing


Functions
In the 'Functions' section you will find all Equilla functions which are available in the file and system folders of Tradesignal Online. Click with the right mouse button on a function to open the Equilla code of it in an editor window. You will find a detailed help document on the Equilla functions as well as an introduction to the Equilla programming language in the Online Help database: Equilla

Lower Section

CertificatesHere are the relevant certificates for the opened chart are listed.

CommentsHere evl. existing comments are displayed.

NewsAvailable news for the displayed stock

ShareIn this menu you will also find the option to make a chart accessible for other users so that you can share the chart (Member Service required) see also: "collaborate" in My Charts. As well as the option to publish it in the forum. You will also find the option to send charts as an email and to print them. In the File menu you will further find the settings for the Reloader (the Reloader Service is useful since when activated it will load the current stock market data into the chart while you keep on working with Tradesignal Online Charting. You do not have to refresh the chart and will not be at risk missing some important market moves). In this menu there is also the command Update Tradesignal Online Charting which you can use to get the latest version of the application.

Semi-Logarithmic Display

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The value axis can be displayed using a logarithmic scale. This is mainly used for symbols with a long history, to emphasis fluctuations in prices. The changes are not displayed linearly but perceptually, therefore the increase from 1 to 10 is identical to the increase from 10 to 100.

Example for changing the Dow Jones display from linear to logarithmic:
  • Open a chart with the Dow Jones, '.DJI.'
  • Open the context menu for the symbol (see Pic) and choose Logarithmic. To return to the linear display, repeat this action.
Please note that the left value axis can be separately changed in display if you have a second symbol in the chart.

Select and use templates

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In the charts overview, you can define templates. This will creat a label label called "Default Template" and the user chart is listed there. To delete a template, open the chart in and remove the label "Default Template".