Creating a Workflow ChartList


Visual-Workflow-1With the release of several DecisionPoint ChartPacks (to learn more about them and how to install them click here), many users have expressed that they are overwhelmed by the quantity of quality indicator charts. This is not news to me, we had the same feedback from new users to the website. The great news is that you can customize what you see on, whereas on you had to figure out the links and create a workflow from a static menu. You were limited to using browser bookmarks and favorites to save your charts and because of this, there was no 'click through' ability or annotations.

Many of you (like me) have your favorite or most important charts that you use consistently in your daily workflow. Rather than hunt for each of those charts within the DP ChartLists, why not find the ones you use regularly and create your own daily analysis ChartList. This will allow you to open up that ChartList and "click through" the charts you use one by one. Although this can take some effort to set up, the time you save will more than make up for the time used to set it up.

How do you start? First and foremost you need to quantify your daily routine. What do you look at first? Do you concentrate on one index or several? Do you go in-depth on one and then quickly review the high level charts on others? Here is a sample workflow that we will use to create a daily review ChartList. This workflow is the basis for the DecisionPoint Daily Blog (which will soon be coming to Stockcharts!).

Concentration/Review Order: SPX, Gold, Dollar (UUP), Oil (USO) and Bonds (TLT).
Analysis Breakdown: SPX - 10 min bar, daily bar, weekly bar, monthly bar; Gold - daily bar, weekly bar, monthly bar; Dollar (UUP) - daily bar, weekly bar; Oil (USO) - daily bar, weekly bar, monthly bar; and Bonds (TLT) - daily bar, weekly bar, monthly bar.
Indicators on charts: EMAs (as appropriate to timeframe), Volume (as applicable) and PMO
Indicator Charts: Volatile Short-term (CVI, Participation Index, Net Breadth/Volume); Short-term (STVO, STO-B, STO-V); and Intermediate-term (VTO, ITBM, ITVM)

First, I need to create and name my new ChartList. You'll find the "Create a New List" at the top of your ChartLists box on the "Members" page.

Create New list

 I'll call it "00 - Daily Workflow". I put the double zeros at the front to make sure that it will sort to the top and be my first ChartList. After clicking enter, I end up on this landing page that gives me options on how to populate the new list. Since my list is very specific, I'll need to call up each chart and save it to the list, so I won't use this page this time.

After creating new list page

The first chart I need is the 10-min bar chart for the SPX. I know that chart is already pre-created and is a member of the DP Intraday ChartPack. So I go to the Intraday ChartList.

Select DPI

I find and click on the S&P 500 intraday chart.

Select SPX 10min

After the chart is opened, I need to save it to my new ChartList "00 - Daily Workflow". So I click on "save as", select the ChartList and then name it. I chose "001" as the start of the name to ensure it shows up first within this ChartList.

Name chart

Now I need to find my next couple of charts. The SPX daily, weekly and monthly as well as the Gold, UUP, USO and TLT charts are in the DP Trend and Condition ChartPack, so I can open them from there.

Select From TC list

Within the "DPTC -1020-S&P 500" ChartList I see that the next group of charts are ready to go. I open each and following the procedure above, I save each in my new "00 - Daily Workflow" ChartList, making sure to name them in order "002" "003" etc. so that I can preserve the order that I like to review the charts in.

Inside spx tc list

Save spx daily chart

Once I've opened and saved all of the charts in my workflow, the completed "00 - Daily Workflow" ChartList summary looks like this:

Completed workflow list

Now I can choose to view this list in ChartBook format and click through each chart quickly to do my regular analysis each day.

View new list as chartbook

First page of chartbook

One of the other major advantages to creating a specialized workflow ChartList is that I can make annotations on these charts, save them and view them everyday with those annotations which will update along with the chart. Later if I want to add or subtract charts from my workflow ChartList, it is easy to do in the "edit" ChartList mode:

Screen Shot 2014-04-15 at 12.39.04 AM
Screen Shot 2014-04-15 at 12.39.18 AM

Creating specialized ChartLists will help you to easily find the charts you like to look at daily. It may seem difficult and time-consuming, but it doesn't have to be. If you look at the same charts almost everyday, you are already calling them up or maybe have them created in another ChartList. I find that quantifying your daily routine on paper first will make creating the workflow ChartList much easier.

A workflow ChartList will keep you focused on what is most important to you and will likely improve your analysis technique in the process.

Happy Charting!




Erin Swenlin
About the author: is a co-founder of the website along with her father, Carl Swenlin. She launched the DecisionPoint daily blog in 2009 alongside Carl and now serves as a consulting technical analyst and blog contributor at Erin is an active Member of the CMT Association. She holds a Master's degree in Information Resource Management from the Air Force Institute of Technology as well as a Bachelor's degree in Mathematics from the University of Southern California. Learn More
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