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Chart Series Views and Indicators

April 19, 2012

For certain chart types, you can add an indicator to the series views.  There are 9 different types: Regression Line, Trend Line, Fibonacci Arcs, Fibonacci Fans, Fibonacci Retracement, Simple Moving Average, Exponentional Moving Average, Weighted Moving Average, and Triangular Moving Average. Each one has some additional properties that are different from each other. Most people are already familiar with regression, trend, and moving averages. The Fibonacci indicators are primarily used for financial analysis, but with Sunset Reports you can use them with not only stock and candlestick charts, but for any 2D X-Y chart as well as the Gantt series of charts. There are a number of good websites that will give you details of the Fibonacci indicators. Quickly, these indicators expose the golden rule symmetry between two series and are useful to forecast levels of support or resistance for a trend.  Check out this link for more information- Fibonacci Number

More posts coming on this topic, so keep checking back.