MailBag

Viewing intraday performance with Sharpcharts

 | 
While Perfcharts are specifically designed to measure and compare performance, Sharpcharts can also be used for this purpose. First, let’s look at a Perfchart example using some key intermarket ETFs. This one shows the Gold ETF (GLD), S&P 500 ETF (SPY), 20+ Year Treasury ETF (TLT), DB Commodity Index Tracking ETF (DBC) and DB Dollar Bullish ETF (UUP). Performance covers the last 200 days, from February 27th until December 19th. With the buttons in the lower left corner, one can view this as a line chart, histogram or detach the chart. With the slider in the lower right corner, one can adjust the dates for shorter or longer timeframes. Pretty handy stuff!
  091211zmailperfClick this chart for a test drive.

While Sharpcharts are not as flexible as Perfcharts, they can be used to see intraday performance data and to apply different indicators. Feature use depends on one’s subscription level. To start, enter a symbol for the SharpChart, go to chart attributes and then select “performance” for chart type. This will produce a line chart that plots the percentage change over a given period of time. One can add symbols for comparison by selecting “price performance” as an indicator. Notice that I added SPY, TLT, DBC and UUP. I also placed these “behind price” and selected different colors. Now I can see intraday performance for these key intermarket ETFs and analyze the interaction as it happens. Free users can add 3 price performance symbols per chart and only view daily data. Basic, Extra! And ExtraRT! users can add 6 price performance symbols per chart and view intraday data. Click here to learn more about subscription packages.

091211zmailss0 091211zmailss1 Click this chart/image for details
Arthur Hill
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com. He has written articles for numerous financial publications including Barrons and Stocks & Commodities magazine. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed technician. In addition to his CMT designation, Arthur holds an MBA from the Cass Business School at City University in London. Learn More
Subscribe to MailBag to be notified whenever a new post is added to this blog!
comments powered by Disqus