Keltner Channels and Support Lines

Whilst we are making some occasional updates to other parts of The Bourse software, the major development focus at this time is on updates to the D2MX Charts area.

Amongst other new features, the next release will include the Keltner Channels Indicator and a quick way to draw Support Lines. Those users who enjoyed the Support/Resistance line tool in previous versions of The Bourse will be pleased to see this feature back!

The Support Line button has been added to the left hand drawing toolbar.  Pressing the new Support Line button places the chart into trend line drawing mode, but will only permit trend lines to be drawn horizontally, until you left-mouse click to finish.  

(You can do the same by holding your Shift key with normal trend lines, but not all users are aware of that power feature…have you seen what holding your Alt key does while placing indicators?)

Keltner Channels and Support Lines

You can read more about Keltner Channels here.

These two features have been added based on member feedback and requests. We’re always interested in considering your ideas, so get in touch!

 

Introducing the Chandelier Indicator

Following requests from users, our next release of The Bourse software will include a new chart indicator – the Chandelier.

The Chandelier indicator is primarily used as a stop loss mechanism to time exits from a trending market.

When using the Switch parameter:

» Exit long positions when the price crosses below the Chandelier line
» Exit short positions when the price crosses above the Chandelier line

The main idea of the Chandelier stems from the Average True Range indicator.

The ATR function could be used to designate a ‘normal’ range for a security, ie a 22-day average true range may indicate the normal range over a 22-day period. The Chandelier function looks to hang, for example, three average true ranges below a high price in an uptrend.

The name comes from the image of chandeliers being hung from the highest point in a room. This style of indicator, generally used as a stop loss, is hung down from the highest price in a trend.

Chandelier chart indicator

Chandelier chart indicator

Chandelier chart indicator

You’ll find the Chandelier indicator under the Standard Indicators menu, at the right end of the chart toolbar. We hope you enjoy this new feature!

Special thanks to Tim Harbort from The Sharemarket College for his contribution to this update.

 

Webinar Playback: The Top Five Technical Indicators

In this webinar Jeff revealed his five favourite technical indicators, and how to apply them in The Bourse software.

Thanks to everyone who registered and joined in!

Our next webinar is coming up on the first Thursday of December, and this time we’ll be discussing our Top 5 Fundamental Indicators.

Get the details here.

 
 

New Webinars Announced

Great news! We’ve just launched a new series of free webinars, aimed at giving you new ideas for your trading, and insights into how to use your Bourse 7 software effectively.

Get the full program here.

What’s coming up?

A Top Down Approach to Trading
With Top Down trading you start out by looking at the bigger picture of what’s currently happening in world markets. From here, drill down into the strongest sectors, and within those sectors identify the strongest companies. More…

A Bottom Up Approach to Trading
In this webinar Jeff will show you a way to quickly zero in on companies that may present good trading opportunities, and avoid getting lost in an overload of reports and information. More…

Intro to Technical Analysis
So many successful traders rely on technical analysis. Find out how the chart indicators and tools in The Bourse 7 can improve your trading. More…

The Top Five Technical Indicators
In this free webinar Jeff Cartridge will share his five favourite technical indicators, and how to use them as the basis of a trading strategy. More…

 

The Analyser Tool in The Bourse 7: Video Tutorial

The Analyser is one of the great new D2MX Trading Tools built into The Bourse 7 software.

With the Analyser you can scan the market for trading opportunities based on pre-set criteria, or use the Analyser Wizard to combine indicators to customise your own scan.

More software tutorials