GoCharting Documentation

The Supertrend Indicator is a technical analysis overlay used to identify the current market trend and potential reversal points. It calculates dynamic support and resistance levels based on the Average True Range (ATR) and a user-defined multiplier to help traders determine trend direction and entry/exit points.

The Options Probability Cone uses historical option data and statistical formulas to graph the potential future price range for a stock. It is designed to provide a visual representation of the odds that a specific market will reach a projected price within a given timeframe.

GoCharting provides an Orderflow Analysis module designed to help traders see traded volume at specific price levels, assess the balance between buyers and sellers, and understand trader intentions. The module consists of several specialized analytical components:

The Pivot Points Indicator is a technical analysis overlay used to identify key levels of support and resistance based on historical price data. It is primarily used by day traders and swing traders to determine potential market turning points.

The Markers Indicator is a technical analysis overlay tool that automatically identifies and plots key price levels on a chart. It is designed to help traders visualize important historical price action and levels to make more informed trading decisions.

The Swing Index Indicator, developed by J. Welles Wilder, is a momentum-based technical analysis tool used to measure the strength of price movements relative to volatility. It helps traders identify potential market reversals or trends by combining price movement data with volatility metrics to assess overall market conditions.

The Relative Strength Index (RSI) is a momentum oscillator used to measure the speed and change of price movements. Its primary purpose is to help traders identify overbought or oversold conditions in an asset, which allows them to gauge trend strength and identify potential reversal points by measuring the magnitude of recent price changes.

The SAR (Stop and Reverse), also known as the Parabolic SAR, is a technical analysis overlay used primarily in trending markets. It is designed to help traders identify potential trend reversal points and establish trailing stop-loss orders by providing visual cues on price charts to inform entry and exit decisions.

The Moon Phases Indicator is a technical overlay that displays lunar phases directly on price charts. It is used by traders who believe that lunar cycles can influence market trends and price movements as part of astrological analysis.

The Gopalkrishnan Range Index (GAP), developed by Dr. R. Gopalkrishnan, is a technical oscillator used to measure the volatility and price range of an asset over a specified period. It provides a quantifiable measure of price range to help traders identify market dynamics, recognize periods of consolidation, detect potential breakout points, and identify potential trend changes.

The Options Flow feature in Options Desk is a predictive tool that combines futures and options data to help traders determine market direction. The tool provides comprehensive market analysis with data updates occurring every three minutes.

The Multi-Chart Layout feature allows users to display multiple stock or market charts on a single screen. This enables the side-by-side comparison of different assets, timeframes, or technical indicators, facilitating the monitoring of multiple stocks, indices, or strategies simultaneously to track correlations and identify trends without switching windows.