TurboTrader subscribers who have purchased the Advanced Charting Tools extra can add and customise the indicators displayed on their charts.
Indicators are available from the Chart Indicators toolbar, displayed as part of a Charts window.
There are a set of core indicators that form the basis of any chart. These are the basic values of an individual asset - it's price, traded volume, etc.
Displays the Open/High/Low/Close as a standard candlestick, where the body forms the Open and Close, and the wicks form the High and Low.
See Also: Candlestick Chart
Displays the Open/High/Low/Close as a High/Low bar, with a single line indicating the High and Low for the day, and two dashes on the left and right indicating the Open and Close respectively.
See Also: Open-High-Low-Close Chart
Displays a histogram representing the total traded volume during the interval.
Total Bid/Ask Lines
Displays two lines indicating the total quantity of bids on the market and the total asks.
For intra-day intervals this is a snapshot of the total market depth at the end of the indicated period. For historical intervals this is the total market depth at the end of the day.
When viewing intervals greater than one-minute for intra-day or daily for historical, the result is an average across the time period.
There are a number of basic, common indicators used in charting.
Bollinger Bands are a staple of technical analysis, and attempt to depict the standard trading range around the average closing price. They are overlaid on the price pane, and default to a period of 20 with 2 standard deviations.
See Also: Bollinger Bands
Exponential Moving Average
The Exponential Moving Average, or EMA, is a style of moving average that attempts to prioritise the most recent values over the historical ones. Currently, TurboTrader provides EMAs over the closing price only.
See Also: Exponential Moving Average
Simple Moving Average
The Simple Moving Average, or SMA, is a basic average over time. Currently, TurboTrader provides SMAs over the closing price and total volume.
See Also: Simple Moving Average
In addition to the standard indicators, there are a number of more advanced ones available.
The MACD, or Moving Average Convergence/Divergence, attempts to spot changes in the strength, direction, momentum, and duration of a trend in a stock's price. It is a collection of three signals - the MACD Line, the Signal Line, and the Difference.
In TurboTrader, we show the MACD (blue line) and the Difference (grey histogram), calculated with a 12-day fast EMA, a 26-day slow EMA, and a default signal using a 9-day EMA.
See Also: MACD
The RSI, or Relative Strength Index, attempts to chart the strength or weakness of a stock based on its closing price.
In TurboTrader, we show the RSI with a 14-day period by default.
See Also: Relative Strength Index
The Stochastic Oscillator attempts to predict price turning points by comparing its closing price to its historical range. The Stochastic comes in two different flavours - Fast and Slow - both of which are supported by TurboTrader.
We calculate the Fast Stochastic with a 14-day EMA for the %K, and a 3-day EMA for the %D. The Slow Stochastic is calculated using a 3-day EMA for %K and %D.
See Also: Stochastic Oscillator
Missing your favourite indicator? TurboTrader supports a large number in the background, but we simply haven't added them all to the user interface yet. Let us know which ones are important to you, and if it's available we'll seriously consider prioritising them.
Unfortunately, some indicators are incompatible with TurboTrader due to the way they're calculated. For reference, these are listed below.