Here are some useful tools that will help you calculate daily support and resistance. You can start downloading them and start applying your knowledge to markets and reap benefits.
Point & Figure
Point & Figure Charts
Point & Figure Charts, a stock analysis tool, accepts free market data source from opentick.com and any flat files in text, ASCII format that you can get from the Internet free such as Yahoo Finance, MSN Finance etc.
Point & Figure Chart is the premier feature:
Point & Figure Charts, an interactive software can generate powerful charts to help user identify sell and buy signals. Its premier feature is Point & Figure Chart. It is implemented with classic scale ad custom scale. With one click user gets Point & Figure chart. To find out more info about Point & Figure chart please click here.
Key Features:
Candlestick, Three Line Break (TLB), KAGI, and Bollinger Band & Envelope.
Most frequently used, powerful moving averages:
- SMA : Simple Moving Average
- EMA : Exponential Moving Average
- WMA : Weighted Moving Average
- TMA : Triangular moving Average
- HMA : Hull Moving Average (new !)
- TEMA : Triple Exponential Moving average
- LMA : Linear Moving Average
- MMA : Modified Moving Average
All these moving averages can be calculated on close, open, high, low prices and volume; on any period when user can specify. These moving averages can be added on Candlestick chart to identify potential selling/buy signals. For the individuals who like Bollinger Band & Envelope, all these moving averages can be added on it too.
Besides the above features, it is also built with popular stochastic indicator. User can specify %K period, %K slowing period, %D period. With this feature users can study stochastic indicator on any stock price and identify potential selling point and buy point.
Another built-in stock indicator is MACD (moving average convergence / divergence) indicators. Users can specify any valid long period, short period, signal period.
| Click To Download |
Website : http://www.numeraltechnology.com/
|
Pivot Point Calculator
Pivot Point Calculator
This Pivot Point Calculator can be used to calculate pivot points for forex, futures, bonds, commodities, stocks, options and any other financially traded instrument that has a high, low and close price in any time period. Not every pivot point calculator is the same. The pivot point calculator lets you select the formulae you want to use and remembers your choice when you come back.
| Click To Download |
Website : http://www.mypivots.com/
|
Parity Plus
Parity Plus
Parity Plus is one of the most powerful Stock Charting and Technical Analysis Programs available on the market. Parity includes over 50 of the most popular indicators for the technical analysis of stocks and commodities. The majority of these indicators act as functions that return an array, which can be used as the input to another indicator or within a user defined formula. This makes it easy for you to do "studies on studies" or to develop your own proprietary charting tools. Besides these 50 predefined indicators, you have unlimitted possibilities to create additional indicators. Parity incorporates traditional Open, High, Low, Close charts, Line and Bar charts, Japanese Candlestick charts, Point and Figure charts, Equivolume charts, Horizontal Bar charts, and a Price at Volume chart which is similar to The Crocker Chart. Parity's charting capabilities permit you to graph a security's price, volume and up to nine indicators in a single chart using any combination of stacked or overlapping panes, each of which can include one or more indicators. Parity Plus is designed to take full advantage of the Windows Graphical User Interface. The program permits the user to design sophisticated charts of stock price data using a wide range of technical indicators and tools. In order to manage the profusion of sophisticated charts you can design with Parity, virtually all of its settings can be saved to disk and recalled for another Technical Analysis Session. In addition, Parity provides a graphical Display Matrix that permits the user to easily jump from stock to stock and study to study.
| Click To Download |
Website : http://www.databull.com/
|
Fibonacci
System Fibonacci
Now you can have your own stock charting analysis tool: System Fibonacci. With System Fibonacci you can create excellent looking charts. Download historical prices for free as provided by Yahoo Finance to create sophisticated charts with candlesticks, lines, price points and even zigzag lines. Two Fibonacci trendlines instead of just one, with retracements and projections that automatically calculate major support and resistance levels. Experiment with Fibonacci arcs to get a time projection perspective. Make wise and successful trading decisions, give System Fibonacci a try before you place your next trade.
| Click To Download |
Website : http://www.jigaro.com
|
