Using FCharts

#1
Hi all

I've been visiting this forum for a while and after seeing lots of discussion on FCharts I decided to post a message.

I'm using FCharts Pro for almost 4 years now. My experience shows that the most important indicators are price and volume. Any formula that uses derived indicators such as MACD, Bollinger Bands etc. can be used, but I will stick to those which use Open, High, Low, Close and Volume.

I wrote 121 stock market technical analysis articles for The India Street (www.theindiastreet.com) last year. I classified 75 stocks as bullish and several others as bearish. After a while, the success rate of the analysis turned out to be 89%. I also write a blog regarding India stock market analysis.

You may find the entire list of my articles at http://vsundy.blogspot.com

I concentrate mainly on support, resistance, volume, divergences, chart patterns and candlestick patterns in my analysis. I don't show too many indicators on charts since these might confuse the readers.

Whichever formula that you use for market scan, these are probably the criteria one would like to apply for trading stocks.

For example, if you want to scan the market for a bullish engulfing pattern, try this formula:

redcandle[1] = true and greencandle = true and bodytop[1] <= bodytop and bodybase[1] >= bodybase

where bodytop = close if it is green candle (Close >= Open) or bodytop = open (Close < Open) if it is a red candle.

Try formulae like this. A user manual compiled by FCharts forum moderator Neil McPhee is available for purchase. It has plenty of formulae. For details please visit the FCharts forum here: http://www.spacejock.iinet.net.au/fcforum/


vsundy
 

chintan786

Well-Known Member
#2
Hi Vsundy.. welcome to traderji.... i hope we all gain frm ur knowledge and able to grow financially and intellectully.

regards
chintan
 

lazytrader

Well-Known Member
#4
Hi all

I've been visiting this forum for a while and after seeing lots of discussion on FCharts I decided to post a message.

I'm using FCharts Pro for almost 4 years now. My experience shows that the most important indicators are price and volume. Any formula that uses derived indicators such as MACD, Bollinger Bands etc. can be used, but I will stick to those which use Open, High, Low, Close and Volume.

I wrote 121 stock market technical analysis articles for The India Street (www.theindiastreet.com) last year. I classified 75 stocks as bullish and several others as bearish. After a while, the success rate of the analysis turned out to be 89%. I also write a blog regarding India stock market analysis.

You may find the entire list of my articles at http://vsundy.blogspot.com

I concentrate mainly on support, resistance, volume, divergences, chart patterns and candlestick patterns in my analysis. I don't show too many indicators on charts since these might confuse the readers.

Whichever formula that you use for market scan, these are probably the criteria one would like to apply for trading stocks.

For example, if you want to scan the market for a bullish engulfing pattern, try this formula:

redcandle[1] = true and greencandle = true and bodytop[1] <= bodytop and bodybase[1] >= bodybase

where bodytop = close if it is green candle (Close >= Open) or bodytop = open (Close < Open) if it is a red candle.

Try formulae like this. A user manual compiled by FCharts forum moderator Neil McPhee is available for purchase. It has plenty of formulae. For details please visit the FCharts forum here: http://www.spacejock.iinet.net.au/fcforum/


vsundy
You don't seem to be updating your blog these days. Are we going to see any new articles in the near term?

I do have a couple of question on fcharts usage. I had purchased fcharts a couple of years ago on someones recommendation and found it to be cheaper also. I find there are some really severe limitations in it and was wondering how others worked around it. The fcharts forums doesn't seem to be of much help.

If you can take time out for a couple of question do let me know.

Thanks in advance.
 
#5
Hello,

Welcome vsundy.

FCharts is one of good Technical Analysis Software, it has 2 version FREE and PRO.

Free has some limitation but newbie and expert can you FREE Version.

I have developed 1 utility which can download & Export eod data from NSE/BSE with indices to FCharts directly / using schedular.

You can see more details ..
http://sites.google.com/site/taswsol

If you are new to Technical Analysis or Market see following
http://sites.google.com/site/taswsol/newforta

Thanks

Technical Analysis Software Solutions.
EOD2FCharts / EOD2AmiBroker EOD + Indices Downloader & Exporter for NSE/BSE.
http://sites.google.com/site/taswsol/eod2amibroker
 
#6
Hello,

Welcome vsundy.

FCharts is one of good Technical Analysis Software, it has 2 version FREE and PRO.

Free has some limitation but newbie and expert can you FREE Version.

I have developed 1 utility which can download & Export eod data from NSE/BSE with indices to FCharts directly / using schedular.

You can see more details ..
http://sites.google.com/site/taswsol

If you are new to Technical Analysis or Market see following
http://sites.google.com/site/taswsol/newforta

Thanks

Technical Analysis Software Solutions.
EOD2FCharts / EOD2AmiBroker EOD + Indices Downloader & Exporter for NSE/BSE.
http://sites.google.com/site/taswsol/eod2amibroker
 

raj_hpking

Well-Known Member
#7
Hi,

Could anyone please make focus on

1) What is F-Chart?
2) How to use it, i mean how to decide whether to buy or sell any stock.
3) Is there any documentation for FChart. (How to)?

Thanks
Raj
 

lazytrader

Well-Known Member
#8
1. Fchart is a stock charting software
2. I could write a book on when to buy and sell
3. F-Chart documentation is the worst of any I have seen.

If you are new and need basic charts you can visit yahoo finance or icharts. links for which I can post (rules of the forum)
 

raj_hpking

Well-Known Member
#9
How can i read any chart.

I mean there should be any indications from which i can know the max limit of decline and of rally.
 

lazytrader

Well-Known Member
#10
How can i read any chart.

I mean there should be any indications from which i can know the max limit of decline and of rally.
There are no indicators that can do that. If there were everyone would be millionares. There are likely revesal levels like 23.6% 50% 61.8% etc which are fibonacci levels. You can learn more about fibonacci level by running a search in the forum.

I recommend you read "teach a man to fish" thread by Saint.
 

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