3. One company and its price

Charts

Price charts, one session up close, indicators and levels.

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  • 5 lessons
  • 24 min
About this section

One chart tool, four starting points: the long price chart, one session up close, indicators and price levels on top, and any series next to any other.

What you will be able to do

  • Read candles and volume on GP, and change the range and the bar size.
  • Zoom into one trading session with GIP and find where it starts and ends.
  • Turn on moving averages, RSI, MACD, Bollinger Bands, VWAP and ATR, and say what each one measures.
  • Draw your own price levels and turn one into an alert.
  • Put revenue next to price, or a macro series next to a stock, with G.
Diagram: GP: years of candles leads to GIP: one session; GP: years of candles leads to Indicators: i; GP: years of candles leads to Price levels: Shift+H; GP: years of candles leads to G: any series together.

Five words to know

candle
one bar showing the open, high, low and close of a period
volume
the number of shares traded in a period
interval
how much time one candle covers
indicator
a number computed from past prices and volume, drawn on the chart
average
add the numbers up, divide by how many there are
  1. 01Reading a price chart (GP)GP is the price chart: candles on top, volume below, a multi-year range by default.4 min
  2. 02The intraday chart (GIP)GIP charts one trading session (or the last five) minute by minute, with volume below and the session's start and end marked.4 min
  3. 03Moving averages, RSI and MACD (chart indicators)Indicators are formulas on past prices drawn on the chart: moving averages smooth the noise, RSI measures how one-sided recent moves were, and MACD compares a fast average with a slow one.5 min
  4. 04VWAP, bands, ATR and price levels (chart tools)VWAP, Bollinger Bands, ATR, volume profile and your own price levels are different ways of asking whether today's price is normal, and a level can become an alert.5 min
  5. 05Chart anything together (G)G puts any series (a price, a statement line, a multiple, an economic series or a formula) on one timeline so you can see whether they move together.5 min

Educational material about reading market data, not investment advice.