|
GP Introduction
GP Sections
Market
Sectors/Groups
Action
Charts
Structure
Reports
GP Contact Info
About Us
Contact Us
Our Websites
Javascript/Cookies
Privacy/Disclaimer
|
|
Bollinger Bars
Prices on the chart are represented with bars.
Each bar consists of the open, high, low and close for the period. The green portion indicates that the close was greater than the open, and the red portion indicates that the close was less than the open. Blue portions are the day's range.
Daily, Weekly and Monthly time periods
Weekly and monthly price chart considers all the daily data for the respective time period
however the indicator charts are not based on weekly/monthly price data but rather are historical points in time of daily data (weekly/monthly indicator data are just data of the date marking the end of the week or month).
For example:
Weekly chart PSMF indicator data on 2/5/2010 is the daily PSMF value of 2/5/2010 and not an aggregate value for the entire week.
PowerShifts and Pivots
Idealized chart
|
 A positive PowerShift signal occurs when a security has become severely oversold and strengthens enough to potentially break the decline (marked by a green triangle plotted beneath the day on which it occurred).
 A negative PowerShift signal is just the opposite of a positive PowerShift with a small variation in the logic (marked by an upside-down red triangle plotted above the day on which it occurred).
 A negative Pivot occurs when a severely oversold security strengthens and then fails (marked by a red minus sign plotted above the day it occurs).
 A positive Pivot is the reverse of a negative Pivot, again with a small change in the logic (marked with a green plus beneath the day on which it occurred).
|
There is a difference in the logic between the positive and negative signals, based upon the idea that declines generally precede at a faster pace than advances. Pivots usually, but not necessarily, occur after PowerShifts. Conceptually Pivots are companions to PowerShifts and should mark reaction highs after important lows and vice versa.
|
New Highs and Lows
New highs are flagged above the price bar in green:
* = close is 13-week high
# = close is 26-week high
$ = close is 52-week high
New lows are flagged below the price bar in a red:
* = close is 13-week low
# = close is 26-week low
$ = close is 52-week low
Bollinger Bands & Moving Averages
Toggle between Bollinger Bands and moving average overlays.
Bollinger Bands use 20-day period and 2 standard deviation.
Moving averages (simple) use 10-day, 50-day, and 200-day periods.
For groups and sectors, a fourth line (dashed) is drawn to represent the relative price action of its parent.
Navigation
Quick parent-sibling-children navigation.
The up arrow  - parent of the selected item.
For sectors: Market
For groups: Sector
For stocks: Group
The left arrow  - current item's weaker sibling; right arrow  - current item's stronger sibling.
For groups/sectors: Sibling strength is ordered by Short-term Momentum value.
For stocks: Sibling strength is ordered by daily price % change.
The down arrow  (for sectors and groups only) - top child for each sector or group.
For sector: Top group within sector
For group: Top stock within group
Rank & Price Change
Signals: The latest new high/low and powershift/pivot are listed.
Rank & Price Change: This box contains the changes in rank (short-term, intermediate-term, long-term) and price from 1 week ago, 1 month ago, 3 months ago, and 6 months ago.
Example:
Short-term 1 week +4 = current rank improved 4 spots from 1 week ago
Short-term 1 month -5 = current rank fell back 5 spots from 1 month ago
Price % 3 month ago +38 = current price is 38% higher than last price 3 months ago
Group/Sector Indicator Charts
Short-term (red), Intermediate-term (green) and Long-term (blue) momentums are plotted together.
The momentum values are performance measurements within the perspective time frame. The values are front weighted such that current price actions have a greater impact on the momentum values than older price actions.
Up Trends (up arrows underneath line):
↑ Short-term momentum is in up trend
↑ Int-term momentum is in up trend
↑ Long-term momentum is in up trend
Down Trends (down arrows above line):
↓ Short-term momentum is in down trend
↓ Int-term momentum is in down trend
↓ Long-term momentum is in down trend
Short-term (red), Intermediate-term (green) and Long-term (blue) momentum rankings as percentiles are plotted together. The percentiles are split into 4 quartiles. Actual rank is in parenthesis.
Example: #1 rank = 100 percentile, last rank = 0 percentile.
At the top of the price chart is a history of the momentum quartiles represented by color.
Green = 1st Quartile (top ranks)
Yellow = 2nd Quartile
Orange = 3rd Quartile
Red = 4th Quartile (bottom ranks)
For each day, there are three layers to the color bar.
Top layer = Short-term momentum quartile
Middle layer = Int-term momentum quartile
Bottom layer = Long-term momentum quartile
Example: On a given day, if the colors of bar from top down is red, orange, yellow, its short-term momentum ranks in the 4th quartile (red), intermediate-term momentum ranks in the 3rd quartile (orange), and its long-term momentum ranks in the 2nd quartile (yellow).
Momentum Rank Score is a singular value representing all 3 momentum ranks.
Rank score is calculated by combining time-adjusted values (near-term weighted) of the 3 momentum ranks.
A score of 100% is the best (all ranks at #1)
A score of 0% is the worst (all ranks at the bottom).
The actual formula is 3x Short-rank + 2x Int-rank + Long-rank
We use the 10-day open version of the TRIN rather than the daily because of the daily TRIN'S high volatility.
TRIN values above 1 are considered bearish and values below 1 are considered bullish, but due to the upside bias of the market, the bull-bear line can be adjusted to 0.9.
Trin chart (blue line) is plotted upside down to represent a move to 0 as an upward (bullish) motion.
Because the TRIN only tells of relative volume activity (TRIN value of 1.0 can occur when there are 5 advance/230 decline or 230 advance/5 decline), the absolute values of its components are also presented in the same chart.
The histogram (green and red bars) is the absolute volume ratio (10-day open Down Volume/Up Volume). The normal ratio is up volume over down volume however we flipped it upside down to keep it consistent with the TRIN, therefore the bar is green when it is below 1.0 (more up volume than down volume) and red when it is above 1.0 (more down volume than up volume).
The 10-day Advance/Decline ratio number gives the absolute number of advancers over decliners.
Cumulative Advance/Decline is the cumulative daily sum of advances minus declines divided by sum of advance and decline [(advance-decline)/(advance + decline)]. The movement, not the value, of the cumulative line is important. More specifically the line's convergence and divergence with price. Convergence is confirmation of price action (up or down) while divergence is an alert of the possibility of a trend reversal.
The Cumulative Advance/Decline is smoothed with a 20-day exponential moving average.
Persistancy of Money Flow (PSMF) and Money Flow Index (MFI) track the flow of money, however there is no relation between the two. PSMF is the percentage of last 125 days which a group's 20-day Intraday Intensity (closing price in relation to day's range) has been positive.
PSMF Trends:
↑ PSMF in up trend (placed under line of trend date)
↓ PSMF in down trend (placed above line of trend date)
Correlation (also known as Gear and in blue) compares a groups' or sectors' price action with the S&P 500 over a 6 month period. Gear values range from -1.00 (exact opposite) to 1.00 (exact match).
We plotted on the same chart the actual performance of the S&P 500 and the group or sector.
The S&P 500 is in green and group or sector is in red.
Stock Charts
Price, volume and price performance charts are presented.
The price performance chart shows the stock's performance vs its group and sector over a period of time.
For stock charts with more indicators, please visit www.BollingerOnBollingerBands.com.
|
|
