|
Chart Studies use a stock's price movements, volume, and other historical information to attempt to find patterns that may indicate shifting price trends. By learning what a particular study may be indicating and then applying that study to your charts, you may be able to identify trading opportunities, points of support or resistance at certain price thresholds, price trends, and more. Setup Chart Studies by clicking the "expand"
icon |
NOTE: Interpreting studies is a complex subject, so it is recommended that you learn as much as possible about each study before incorporating its feedback into your trading strategy. Many books, web sites, and third party educators are available to further your understanding of Technical Analysis.
Get a quick overview of all the Chart Tab features in this
self-paced Charts training course.
You may position up to 4 technical analysis studies, including volume, in each chart.
Studies may be positioned above or below the chart using the up/down arrows in the upper left corner of each study. You can also remove a study from the display by clicking the Remove button in the upper right corner of the chart.

Stock and/or option symbols and price and volume data shown here are for illustrative purposes only. Charles Schwab & Co., its parent or affiliates, and/or its employees and/or directors may have positions in securities referenced herein, and may, as principal or agent, buy from or sell to clients
Click
to expand the study
settings panel.

CCI (Commodity Channel Index) - Measures the variation of a security's price from its statistical mean. High values show that prices are unusually high compared to average prices whereas low values indicate that prices are unusually low. Default of 20 periods (minutes, hours, days, etc.)
Historical Volatility - Reflects how far an equity’s price has deviated from its average price over the number of periods you specify. This study only applies to Daily, Weekly, and Monthly charts. Default of 20 periods.
MACD (Moving Average Convergence Divergence) - A trend-following momentum indicator using 3 exponential moving averages: a short or fast average, a long or slow average, and an exponential average of their difference (the last used as a signal or trigger line). The periods defaults for the calculation are 12, 26 and 9.
Momentum - Measures the amount that a security’s price has changed over the last 14 days. If today has not closed yet, it uses the current price for today’s close. Default of 14 periods (minutes, hours, days, etc.)
ROC - Rate of Change - Change in price between the current price and the close 20 days ago, divided by the price 20 days ago. Default of 20 periods (minutes, hours, days, etc.) Technical study parameters will be configurable.
RSI - Relative Strength Index - Indicates the degree of positive and negative movement by the security on a scale of 0 (weakest) to 100 (strongest). Determined by figuring the ratio of the average up closes for the last 13 days (using today's Current Price for the 14th day) divided by the sum of the average up closes and the average down closes for the same period. This ratio is multiplied by 100. The initial value of an n-period RSI is based on the price action for the first n periods. Subsequent values are determined using an inductive formula. Default of 14 periods (minutes, hours, days, etc.)
RSI (Adaptive) - Adapts the standard RSI to a smoothing constant. Default of 14 periods (minutes, hours, days, etc.)
Stochastic (Fast) - The Fast Stochastic is the average of the last three %K and a Slow Stochastic is a three day average of the Fast Stochastic. Use as a buy/sell signal generator, buying when fast moves above slow and selling when fast moves below slow. The default for the calculation should be %K-14 periods, %D-3 periods, and 3 periods.
Stochastic (Slow) - Similar in principle to %D, %D Slow represents a slower, less volatile indicator that simply adds an additional degree of smoothing, or moving average period, to the original %D. The default for the calculation is %K-14 periods, %D-3 periods, and 3 periods.
Williams %R - A momentum indicator that measures overbought and oversold levels. The interpretation of Williams %R is very similar to that of the %K stochastic indicator. The oversold indications are in the range of -80 to -100, while the overbought indications are in the range of -20 to 0. The default for the calculation is a period of 14.
OBV - On Balance Volume - Relates volume to price changes by adding volume to a running total when the price closes up for a period, then subtracts the volume if the stock closes down for a period.
Volume - Simply the number of shares (or contracts) traded during a specified time frame (e.g., hour, day, week, month, etc).