Improvements to the Charts package and more news...

Tuesday, Feb 12 2013 by
10
Improvements to the Charts package and more news

This is just a quick post to let Stockopedia subscribers know about some new advances to the website's Technical Charts. The feedback we get from subscribers is that they want to make Stockopedia their financial home on the web, and not have to click away for either their news or charts elsewhere and we are determined to put these essential features in place to make this a reality.

As of today, we have shifted away from using third party charts in order to bring all the data and chart provision under our roof. We've listened to the features that subscribers want and have built a full featured package that leverages both the robust price history data we source from Thomson Reuters and the design expertise we have in house. We now have the platform to extend our charting coverage across all of Europe's securities (and potentially the world) and ensure the reliability of the data.

We have noticed many pricing errors across third party chart packages - especially those offered by some of the global free to air websites. We hope that by bringing the responsibility of our charts under our own roof we can ensure much higher quality for subscribers as we build and extend coverage.

Here are some key improvements we've released today.

Overlays, Moving Averages, Indicators and Chart types

We have added an array of new technical indicators to the package with some well defined default settings. We know that power users will eventually want to create their own custom settings for almost all indicators (like RSI, MACD etc) but for now we have set well defined default settings. Many users are intimidated by difficult interfaces so we've kept things simple enough but no simpler.

Charts

We've added a glossary for all the terms used which we anticipate will grow over time. Many of the indicators I don't use myself, but our team has gathered and researched your feedback to create the algorithms and settings needed. You can read up on some of the Chart Types, Overlays, Moving Averages and Indicators available at our charting glossary or just try the options at the side of the charting package.

Custom Chart Settings

Save your ChartsYou can of course save your chart settings once you've created the charts the way you'd like them by clicking the green 'save' button. At the moment there is only a single setting to save, but we'll be adding the ability to save multiple presets soon.

Compare Stock Charts

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We've improved the ability to compare the charts of different stocks in the package. You can now compare any share with any other and bring up a percentage comparison chart such as that below.

Compare charts

Sharing your Charts

You can now share a link to a chart directly from the interface - while most of the features of our charting package are subscriber only - any subscriber can share the charts freely on the web. At the bottom of the chart page is an image url and a button link to open the chart in the browser. This will provide a permanent link to the chart as of that date - i.e. it will remain static over time - unlike many chart packages which seem to continuously update from day to day!

Share Chart

Coming Soon - Trackable Cursors & Multiple Settings

Track CursorBefore anyone gets too carried away - we have not yet added a tracking cursor nor the ability to draw trendlines on top of charts. We anticipate the former will be added within the next couple of weeks, and the latter later in the year.

We'll also be adding the ability to view your charts in popup modals from any list on the site just by pressing - from portfolios, screening lists, sectors etc. This is another key feature and we anticipate it will be live within a few of weeks.

Please do let us know what we can do to improve the charts further. This is just the first step on our journey. We are aiming to make the charts package the best on the web over time so please get in touch using the green feedback button on the right and we'll try to implement your requests.   Once again the link to try out the charting package is here.


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7 Comments on this Announcement show/hide all

Paul Scott 12th Feb '13 1 of 7
1

Just had a play with the new charting page, and it's very simple & intuitive to use, I took to it straight away.

One omission I would like to see added is "custom date range" in the drop down "time range", as well as YTD (since I often like to see charts for the current calendar year).

Cheers, Paul.

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Edward Croft 12th Feb '13 2 of 7

In reply to paulypilot, post #1

Hi Paul - yep - we've discussed that too... I'll add it to the feature list... ideally I want us to build a date slider like you can see on the Stock Reports - all in good time !

Blog: Follow @edcroft on Twitter
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CPinvesting 20th Feb '13 3 of 7
1

Dear Ed,

I am very excited about the improvements you did on the chart and what on top is planned to come in the future. One thing I seem to haven't found / or is not available is the ability to draw into the Volume bars an average line. It's a small thing but helped me a lot for my quick scan about the quality of a movement.

In case you need some reassurance that this is not just my single idea I am happy to start a suggestion about it.

Christian

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Edward Croft 20th Feb '13 4 of 7

In reply to cpheimbach, post #3

We could probably add an average in on the Volume chart. What period 50 or 200 would be best?

Blog: Follow @edcroft on Twitter
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CPinvesting 25th Feb '13 5 of 7

Hi Ed,

sorry for being late on the reply. I like to look at the average volume on a shorter term so 50 MA has my vote. But I don't feel strongly about it and if someone has an educated opinion on this please chose towards your preference. Thank you a lot.

Christian

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terryshead11 22nd Mar '13 6 of 7

I am moving average guy the 50 to 200 is what I look for I have an account with sharescope.

The crossing over of the moving averages is one of the signs I use for upward trends and the same for shorting.

The only problem I get is in shorting I know the market is going to take a tanking with all this debt but when.
Terry Shead

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Edward Croft 23rd Mar '13 7 of 7

In reply to terryshead11, post #6

Try our chart signals package from the toolbox menu - you should watch the Golden Crosses - that gives the crossovers.

Blog: Follow @edcroft on Twitter
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About Edward Croft

Edward Croft

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CEO at Stockopedia where I weave code, prose and investing strategies to help investors beat the stock markets. I've a background in the City and asset management but now am more interested in building great stock selection tools for the use of investors online.   Traditionally investors online have had very poor access to the best statistics, analytics and strategies for the stock market and our aim is to set that straight.  High Quality fundamental information has been prohibitively expensive in the past and often annoyingly dull. People these days don't just want to know the PE Ratio and look at a balance sheet. They expect a layer of interpretation over data, signal from noise and the ability to know at a glance whether a stock is worth investigating or not. All this is possible using great design and the insights gleaned from quantitative research.  Stockopedia is where we try to make it happen ! more »


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