StockShareV2 is designed using Tabs and Chart Pages. Chart pages are a sub-set of Tabs and contain the displayed plots. Each Tab may be configured with one (1), two (2), three (3), or up to ten (10) chart pages and each chart page may contain one (1) or multiple plots.
In addition to the user-friendly operator features, StockShareV2 provides aid to the analysis process by the User Configuration feature. This feature permits the user to mix, match and arrange the analytical techniques on a tab or multiple tabs to meet his/her personal preferences.
Technical Analysis User Interface
Technical Analysis Techniques are of two basic types for purposes of this document. Techniques requiring "data input" are referred to as Tools. (Section Tools) All other Analytical Techniques are displayed automatically via algorithms.
There are six (6) standard tools in StockShareV2 used in the analysis of a stock's performance. Other tools that may be available are called "Tool Plug-ins". Currently there are seven (7) free "Tool Plug-ins" available and one (1) Premium "Tool Plug-ins" available. These include:
This calculator computes the Confluence of two price trends, Fibonacci Expansion Targets, the percent retracement, and the value of the current price relative to the area of confluence. These outputs are presented in tabular and visual format on any price chart. See Using the Visual Confluence .
This tool allows a Trendline to be drawn on any chart type such as Price, Volume, or other indicator charts. The user can draw "line segments" or take advantage of StockShareV2's "infinity" feature. See Using the Trendline Function.
This tool allows a parallel channel line to be drawn on any chart type such as Price, Volume, or other indicator charts.
See Using the Channel Line Function.
This calculator computes Fibonacci Retracement Targets and their values (High, Low and Gain/Loss) in both actual value and percent. This data is also presented in tabular and visual format on any price chart. See Using the Visual Fibonacci Calculator .
A new tool called ABC Expansion has been added to StockSHareV2. This tool is similar to the Visual Confluence Calculator and Visual Fibonacci Calculator tools. The ABC Expansion tool requires a third point called the 'C point'. The contraction and expansion levels are drawn from the C point, but based upon the distance between the first two points; which are 'A1 and B points'. This tool also allows the user to input a fourth point called A2. This fourth point is required to calculate the confluence zone which is created by the reaction of A1 to B trend with the A2 to B trend. A common use of this tool is to first select two points (A1 and B) that represent the end points of a major trend (or wave). Then choose the third point (C) to be the end point of a retracement of that trend. Expansion lines are then drawn in the direction of the initial trend, from the C point, using the distance between points one and two as a basis for the extension levels. See Using the ABC Expansion Tool .
This tool allows a user to find swing points that have common Fibonacci ratios in the time/date axis. See Using the Fibonacci Time Study .
This tool allows the user to put price labels on the high or low points on a price chart. These labels, like the tools above, will be saved and displayed on subsequent calls of this symbol until removed by the user. See Price Labels .
This allows the user to snap a horizontal line on any page. This feature is available for all charts and indicators. See Vertical and Horizontal Snap lines.
This allows the user to snap a vertical line on any page. This feature is available for all charts and indicators. See Vertical and Horizontal Snap lines.
This tool allows the user to put labels on the high or low points on a price chart. The user can put alpha / numeric text as desired. These labels, like the tools above, will be saved and displayed on subsequent calls of this symbol until removed by the user. See Text Labels .
This tool allows the user to put free form text in a box anywhere on a chart. These boxes, like the tools above, will be saved and displayed on subsequent calls of this symbol until removed by the user. See Text Annotations .
This tool allows the user to draw Andrews Pitchfork line(s) on any price chart. The Andrews Pitchfork(s) will be saved and displayed on subsequent calls of this symbol until removed by the user. See USING Andrews Pitchfork Studies.
This tool allows the user to draw Fibonacci Arc line(s) on any price chart. The Arc(s) will be saved and displayed on subsequent calls of this symbol until removed by the user. See USING Fibonacci ARC Line Studies.
This tool allows the user to draw Fibonacci Fan line(s) on any price chart. The Fan(s) will be saved and displayed on subsequent calls of this symbol until removed by the user. See USING Fibonacci FAN Line Studies .
This tool allows the user to put a "Float Turn Over" box on any Price Chart page. The user can drag the Float Box anywhere on the chart while the Float Turn Over is Dynamically Calculated. This Premium Plug-in can be purchased at www.stocksharepublishing.com.
Float Turn over concept - a "proxy' for a change in ownership. The amount of time it takes for a stock's cumulative volume to equal its floating supply of shares and the price range of same. It implies that a large percentage of the stock's ownership has changed hands. More details can be found at www.floatanalysis.com or www.floatcharts.com. See Woods Float Premium Plug-ins.
There are seven (7) standard Price Related Overlays whose value is such that they must be plotted on Bar, Candle or line charts. Other Overlays that are available are called "Tool Plug-ins". Currently there are three (3) free "Tool Plug-ins" available and one (1) Premium "Tool Plug-ins" available. These include:
This overlay allows the user to view swing points with a mouse click. Swings will be visually displayed immediately. The swing points are displayed as blue boxes while the colored lines reference previous highs or lows. The swing points are analyzed using a proprietary Algorithm to measure Breaks or Tests. The user can customize to a preferred test percentage. See Using the Swings Overlay .
A gap, as commonly used by chart technicians, is defined as a price range at which (at the time that it occurred) no shares changed hands. Gap ups on period (daily, weekly or monthly) charts are produced when the lowest price at which a certain stock is traded on any period is higher than the highest price at which it was traded on the preceding period. Conversely, gap downs on period (daily, weekly or monthly) charts are produced when the highest price at which a certain stock is traded on any one period is lower than the lowest price at which it was traded on the preceding period
An up gap forms when a security opens above the previous period's high, remains above the previous high for the entire period and closes above it. Up gaps can form on daily, weekly or monthly charts and are generally considered bullish.
A down gap forms when a security opens below the previous period's low, remains below the previous low for the entire period and closes below it. Down gaps can form on daily, weekly or monthly charts and are generally considered bearish.
Finding the Gaps with StockShareV2 is as easy as a mouse click to "Add an Overlay" to your chart. Gaps will be visually displayed immediately. Green indicates "up" gaps and red indicates "down" gaps. The user can choose from "Open/Close", "High/Low" or 'Weak Fill' gaps. You can view Gaps on candlestick or bar charts. See Using the Gaps overlay.
Bollinger Bands, created by John Bollinger, are a type of "upper" and "lower" bands plotted at standard deviation levels above and below a moving average. The bands widen during volatile markets and contract during calmer periods. See Using the Bollinger Band overlay.
StockShareV2's default parameter calculates and displays two bands that are plotted at a standard deviation of 2 above and below the moving average and uses a time frame of 20 periods. The user can define preferences for standard deviation, periods, and can also include a moving average plot.
The Parabolic Time/Price System developed by J. Welles Wilder Jr., is used to set price stops and it is usually referred to as the stop-and-reversal (SAR) indicator. Some technical analysts believe that the Parabolic SAR provides excellent exit points. They use this indicator to close long positions when the price falls below the SAR and close short positions when the price rises above the SAR.
StockShareV2's default parameter calculates and displays SAR plots using an acceleration step of .02 and acceleration maximum of .2. The user can define preference for acceleration step and acceleration maximum. See Using the Parabolic SAR.
Simple Moving Average (SMA) / Displaced Moving Average (DMA)
Simple moving averages (SMA) are among the most popular technical indicators. The traditional interpretation of moving averages focuses on price movement relative to the average itself. Investors are typically "bullish" when the price moves above its moving average and "bearish" when the price falls below its moving average. Moving averages are also very useful in smoothing noisy data. Some market technicians believe that displacing a moving average (DMA) forward in time offers more to traders. The most popular displacements are 3X3, 7X5 and 25X5.
StockShareV2's versatility combines these two indicators. The default parameter for the SMA uses 30 periods, displacement of 0 and utilizes the closing price. The user can define preferences for periods, displacement, and price type. Displaced moving averages can also plot into future dates. See Using the Simple Moving Averages (SMA) and Displaced Moving Average (DMA) .
Exponential Moving Average (EMA) / Displaced Moving Average (DMA)
The Exponential Moving Average (EMA) is a type of moving average that is similar to a simple moving average (SMA), except that more weight is given to the latest data. Some analysts prefer to use the Exponential Moving Average (EMA) because it puts more weight to the more recent price action. Some market technicians believe that displacing a moving average (DMA) forward in time offers more to traders. The most popular displacements are 3X3, 7X5 and 25X5.
StockShareV2's versatility combines these two indicators. The default parameter for the EMA uses 30 periods, displacement of 0 and utilizes the closing price. The user can define preferences for periods, displacement, and price type. Displaced moving averages can also plot into future dates. See Using the Exponential Moving Averages (EMA) and Displaced Moving Average (DMA).
The Pivot Points are pre-calculated plots which are used primarily as support and resistance levels. StockShareV2 allows the user to choose daily, weekly or monthly plots. See Using the Pivot Points .
Average True Range (ATR) Bands
This allows the user to plot an envelope on any price chart consisting of support and resistance lines of the average true price range, calculated by the exponential average of the difference between highs and lows. See Using the Average True Range Bands (ATR Bands).
This allows the user to plot a trading band (upper and lower lines) on any price chart at a specified percentage above and below a selected moving average. Moving averages show the average value of a security's price over a period of time. The value is calculated by totaling all the previous closing prices over a time period and dividing them by the number of closing prices (bars) included in that time period. See Using the Moving Average Envelope .
N Day Price channel lines are similar to Bollinger Bands. This overlay allows the user to plot trading price channel volatility boundaries above and below the price line. See Using the N-Day Price Channel and Displaced N-Day Price Channel.
This tool allows the user to put a "Woods Float Channel" overlay on any Price Chart page. This Premium Plug-in can be purchased at www.stocksharepublishing.com.
Float Channel Line concept - The 50% float turnover lines are created exactly the same as the Float Turn Over lines except they are tracking a Float Turn Over that is exactly half the actual float number. It has been found that these 50% Float Turn Over lines are often the point where support or resistance occurs in a stock's price movement. More details can be found at www.floatanalysis.com.
Note: The user may have several price chart pages with any or all of the above Techniques included.
There are ten (10) standard Indicators whose value is such that they must be plotted on a separate chart page. Other Indicators that are available are called "Indicators Plug-ins". Currently there are eight (8) free "Indicators Plug-ins" available and one (1) Premium "Indicators Plug-ins" available. These include:
The Japanese have been using candlesticks since the 17th century to analyze rice prices. Candlesticks were introduced into modern technical analysis by Steve Nison. Candlesticks contain the same data as a normal Bar Chart but highlight the relationship between opening and closing prices. The narrow wick represents the range of prices traded during the period (high to low) while the broad mid-section represents the opening and closing prices for the period.
StockShareV2's default parameters:
Opens Low Closes High - Fill color is Green or White
Opens High Closes Low - Fill color is Red or Black
The Bar represents price performance for a specific period. This is also refereed to as OHLC charts. OHLC stands for the 4 elements displayed on a typical price bar: Opening price; Highest price; Lowest price; and Closing price.
The periods in StockShareV2 are either daily, weekly or monthly.
A price line chart is a sequence of prices plotted over a specific timeframe. In statistical terms, charts are referred to as time series plots. On the chart, the y-axis (vertical axis) represents the price scale and the x-axis (horizontal axis) represents the time scale. Prices are plotted from left to right across the x-axis with the most recent plot being the furthest right.
StockShareV2 allows user price preference of Opening price; Highest price; Lowest price; Closing price; Typical price or median price.
Note: The Line Chart is created using a Bar Chart and a Simple Moving Average.
Volume is the number of shares traded during a specified time period, i.e., day, week or month. Volume is identified by colored bars. White is used when the trading volume contributed to a gain in price and black when the trading volume was associated with a loss in price. StockShareV2 allows the to user change the default "up & down" colors. In addition, the user can change the bar width.
This indicator, developed by Mark Chaiken, is a modification of the traditional On Balance Volume (OBV) indicator. Instead of assigning all the period's volume to either buyers or sellers, the Volume Accumulation Distribution uses a proportional amount of volume based on the relationship between the closing price and its intra-period mean price. In effect, the indicator is measuring shades of gray that traditional volume indicators like OBV miss. Movement of the oscillator above the zero line measures buying pressure, while movement below the zero line measures selling pressure.
This indicator was developed by Joseph Granville. OBV attempts to measure the level of accumulation or distribution by comparing volume to price movements. Volume is added to the indicator if closing price moves up and subtracted if closing price moves down. No adjustment is made if closing price is unchanged.
Moving Average Convergence/Divergence (MACD)
Gerald Appel's MACD (Moving Average Convergence/Divergence) indicator shows the relationship between two moving averages of prices. MACD is derived by dividing one moving average by another. It is based on the point spread difference between two exponential moving averages (EMA) of price. The basic MACD trading rule is to sell when the MACD falls below its signal line and to buy when the MACD rises above its signal line. See Using the MACD .
The signals from the MACD indicator tend to lag price movements. The MACD Histogram attempts to address this problem by plotting the distance between MACD and its signal line. Because of this, the histogram signals trend changes well in advance of the normal MACD signal, but is less reliable and should be confirmed by other indicators. Many have suggested to only utilizing the Histogram signals when the market is trending. A cross of zero from below into positive territory represents a buy signal, and a cross of zero from above into negative territory indicates a sell signal. The MACD Histogram can also be used to track longer cycles, using weekly or monthly data.
StockShareV2's default parameter calculates and displays MACD in 'Line or Histogram' using a short period of 12, long period of 26, signal period of 9 and the closing price selection. The user can define preferences for short period, long period, signal period and price selection.
George Lane, who developed this indicator, theorized that in an upwardly-trending market, prices tend to close near their high, and in a downwardly-trending market, prices tend to close near their low. Both the Fast Stochastic and Slow Stochastic oscillators are used by market technicians as a timing indicator for signals of market reversal. The Fast Stochastic will provide more signals than the Slow Stochastic, although some analysts prefer the Slow Stochastic believing it is less prone to whipsaws. The Stochastic indicator is plotted as two lines, the %D line and the %K line, with values ranging from 0 to 100. Readings above 80 are strong and could indicate that price is closing near its high; overbought. Readings below 20 are strong and could indicate that price is closing near its low; oversold.
StockShareV2's default parameter calculates and displays Fast Stochastic using smoothing with SMA, %K period of 10, %D period of 10, slow period of 3, OB parameter of 80 and OS of 20. The user can define preferences for Fast or Slow Stochastic using a choice of smoothing, %K period, %D period, slow period, OB and OS parameter. See Using the Stochastics .
The Williams %R was developed by Larry Williams to indicate overbought and oversold levels. The indicator is very similar to Stochastic %K - except that Williams %R is plotted using negative values ranging from 0 to -100. Overbought and Oversold levels are normally set at -20 and -80.
StockShareV2's default number of periods used is 14, OB parameter of -20 and OS of -80. The user can define preferences for %R period, OB and OS parameter. See Using the Williams % R .
Relative Strength Index (RSI) is a popular momentum oscillator developed by J. Welles Wilder Jr., which compares upward movements in closing price to downward movements over a selected period. Relative Strength Index is smoother than the Momentum or Rate of Change oscillators and is not as susceptible to distortion from unusually high or low prices at the start of the window. It is also formulated to fluctuate between 0 and 100, enabling fixed Overbought and Oversold levels.
StockShareV2's default parameter calculates and displays RSI using smoothing with SMA, period of 14, OB parameter of 70 (Un-enabled), OS of 30 (Un-enabled) and a 50 parameter of 50 (Un-enabled). The user can define preferences for smoothing, period, OB, OS and a 50 parameter. See Using the RSI.
The Arms Index was first published by Richard W. Arms, Jr. in 1967. The Arms Short-Term Trading Index, commonly known as TRIN, shows the relationship between stocks that are advancing / declining in price and the volume associated with these stocks. It is calculated by dividing the Advance / Decline Ratio by the Up/Down Ratio. The Arms Index is a short-term trading tool. The goal of the indicator is to determine if volume is flowing into advancing or declining stocks, and by what magnitude. Typically, the Arms Index is interpreted as "bullish" when it is below 1.0 and "bearish" when it is above 1.0. The cumulative 5 – Day Arms is interpreted to be near a short term top when it is 4.00 or less and near a short term bottom when it is 6.00 or more.
StockShareV2 plots the 1 – Day and 5 – Day Arms on the same page. Horizontal reference lines are fixed at 4.00 and 6.00. There are no user defined parameters for this indicator. See Using the ARMS / TRIN .
Stochastic RSI – Free Plug-ins
Stochastic RSI – Developed by Tushar Chande and Stanley Kroll, StochRSI is an oscillator that measures the level of RSI (Relative Strength Index) relative to its range, over a set period of time. The indicator uses RSI as the foundation and applies to it the formula behind Stochastics. The result is an oscillator that fluctuates between 0 and 1. This has become more popular with short term and intermediate term trading.
StockShareV2's default parameter calculates and displays Stochastic RSI using smoothing with slow Stochastic and smoothing with a modified moving average, %K period of 8, %D period of 3, slow period of 3, OB parameter of 80 and OS of 20. The user can define preferences for Fast or Slow Stochastic using a choice of smoothing, %K period, %D period, slow period, OB and OS parameter. See Using Stochastic RSI .
Chande Momentum Oscillator (CMO) – Free Plug-ins
Chande Momentum Oscillator (CMO) - The (CMO) was developed by Tushar Chande to capture what he calls "pure momentum". The CMO is closely related to, yet unique from, other momentum oriented indicators such as Relative Strength Index and Stochastic. The scale is bounded between +100 and -100, thereby allowing you to clearly see changes in net momentum using the 0 level. The bounded scale also allows you to conveniently compare values across different securities. For more definitive information on the CMO and other indicators we highly recommend the book The New Technical Trader by Tushar Chande and Stanley Kroll.
StockShareV2's default parameter calculates and displays CMO using periods of 20, trigger of 9, smoothing with EMA, OB parameter of +50 and OS of -50. The user can define preferences for periods, triggers, smoothing and OB and OS parameter. See Using Chande Momentum Oscillator (CMO) .
Average True Range (ATR) – Free Plug-ins
Average True Range (ATR) - The (ATR) indicator was developed by J. Welles Wilder and introduced in his book, New Concepts in Technical Trading System, which is a measure of a security's volatility. As such, the indicator does not provide an indication of price direction or duration, simply the degree of price movement or volatility. (ATR) is a volatility formula based on only the high/low range would fail to capture the actual volatility created by the gap or limit move. The True Range indicator is the greatest of the following:
-current high less the current low.
-the absolute value of the current high less the previous close.
-the absolute value of the current low less the previous close.
The Average True Range is a moving average (generally 14-bars) of the True Ranges.
StockShareV2's default parameter calculates the Average True Range using 14 periods. See Using Average True Range (ATR) .
Commodity Channel Index (CCI) – Free Plug-ins
Commodity Channel Index (CCI) - The (CCI) is an oscillator style indicator, created by Donald Lambert. It oscillates between an overbought and oversold condition that works best in a sideways market. It does not work well in trending markets and it's therefore recommended that it be used in conjunction with another, more directional indicator. An indicator such as the Directional Movement Index (DMI), can eliminate those disastrous times when you are issued with a signal to sell an overbought market in a bull market trend.
There are 4 steps involved in the calculation of the CCI:
1. Calculate the last period's Typical Price (TP) = (H+L+C)/3 where H = high, L = low, and C = close.
2. Calculate the 14-period Simple Moving Average of the Typical Price (SMATP).
3. Calculate the Mean Deviation. First, calculate the absolute value of the difference between the last period's SMATP and the typical price for each of the past 14 periods. Add all of these absolute values together and divide by 14 to find the Mean Deviation.
4. The final step is to apply the Typical Price (TP), the Simple Moving Average of the Typical Price (SMATP), the Mean Deviation and a Constant (.015) to the following formula:
StockShareV2's default parameter calculates the Commodity Channel Index using 14 periods. See Using Commodity Channel Index (CCI) .
TRIX – (Triple Exponential Smoothing Oscillator) – Free Plug-ins
TRIX - The TRIX was developed by John Hutson which displays the plot of the percent rate-of-change of a triple exponentially smoothed moving average using equity's closing price. As a momentum indicator, this oscillator is based on smoothed moving averages and their momentum to avoid insignificant daily price movements and to aid timing. The TRIX swings on an open scale around a zero line. A buy signal is generated by extreme negative levels. A sell signal is generated by extreme positive levels. Divergences between TRIX and the equity can aid in timing turning points. Similar to the use of the MACD indicator, a 9-period moving average of the TRIX can be used to create a signal line.
| • | A buy signal is given when the TRIX rises above its signal line. |
| • | A sell signal is given when it falls below the signal line. |
StockShareV2's default parameter calculates and displays TRIX using a 14 period closing price and a 9 period Simple Moving Average. See Using TRIX .
Ultimate Oscillator – Free Plug-ins
Ultimate Oscillator - The Ultimate Oscillator was developed by Larry Williams which combines a stock's price action during three different time frames into one bounded oscillator. Values range from 0 to 100 with 50 as the center line. Oversold territory exists below 30 and overbought territory extends from 70 to 100.
Three time frames are used by the Ultimate Oscillator and can be specified by the user. Typically values of 7-periods, 14-periods and 28-periods are used. Note that these time periods all overlap, i.e. the 28-period time frame includes both the 14-period time frame and the 7-period time frame. This means that the action of the shortest time frame is included in the calculation three times and has a magnified impact on the results.
Calculation:
• Calculate period's "True Low (TL)". TL = the lower of period's low or yesterday's close.
• Calculate period's "Buying Pressure (BP)". BP = period's close - period's TL.
• Calculate period's "True Range (TR)". TR = the higher of 1.) period's High - period's Low; 2.) period's High - Yesterday's Close; 3.) Yesterday's Close - period's Low.
• Calculate BPSum1, BPSum2, and BPSum3 by adding up all of the BPs for each of the three specified time frames.
• Calculate TRSum1, TRSum2, and TRSum3 by adding up all of the TRs for each of the three specified time frames.
• The Raw Ultimate Oscillator (RawUO) is equal to: 4 * (BPSum1 / TRSum1) + 2 * (BPSum2 / TRSum2) + (BPSum3 / TRSum3)
• The Final Ultimate Oscillator is equal to: ( RawUO / (4 + 2 + 1) ) * 100
StockShareV2's default parameter calculates and displays the Ultimate Oscillator
using 7, 14 and 28 periods. See Using Ultimate Oscillator .
Directional Movement Indicator (DMI) – Free Plug-ins
The Directional Movement Indicator (DMI) and Average Directional Index (ADX) were developed by J. Welles Wilder in order to evaluate the strength of the current trend, be it up or down. It's important to determine whether the market is trending or trading (moving sideways), because certain indicators give more useful results depending on the market doing one or the other.
Directional Movement Indicator (DMI) An indicator that plots a positive +DI line measuring buying pressure and a negative -DI line measuring selling pressure. The DMI pattern is bullish as long as the +DI line is above the -DI line. The Average Directional Index line is derived from this system and is based on the spread between the +DI and -DI lines.
ADX is an oscillator that fluctuates between 0 and 100. Even though the scale is from 0 to 100, readings above 60 are relatively rare. Low readings, below 20, indicate a weak trend and high readings, above 40, indicate a strong trend. The indicator does not grade the trend as bullish or bearish, but merely assesses the strength of the current trend. A reading above 40 can indicate a strong downtrend as well as a strong uptrend.
ADX can also be used to identify potential changes in a market from trending to non-trending. When ADX begins to strengthen from below 20 and/or moves above 20, it is a sign that the trading range is ending and a trend could be developing.
When ADX begins to weaken from above 40 and/or moves below 40, it is a sign that the current trend is losing strength and a trading range could develop.
StockShareV2's default parameter is 14 periods which calculates and displays the plot of the +DI/-DI using the ADX indicator. See Using Directional Movement Indicator (DMI).
Moving Averages Oscillator (MAO) – Free Plug-ins
Moving Averages Oscillator (MAO) - Moving Averages Oscillator displays difference between two moving averages of the stock price.
Typically a buy signal is generated when Moving Averages Oscillator rises above zero level and a sell signal is generated when Moving Averages Oscillator falls to negative values. This buy signal is identical to a moving averages crossing signal, when a shorter Moving Average is crossing a longer Moving Average in an upward direction. Respectively a sell signal generated by Moving Averages Oscillator corresponds to a sell signal generated by Moving Averages crossing.
StockShareV2's default parameter is the difference between the SMA close price of 1 period and 7 periods. See Using Moving Average Oscillator (MAO) .
Woods Float percentage
This tool allows the user to put a "Woods Float Percentage" indicator on a chart page in the form of a histogram. This Premium Plug-in can be purchased at www.stocksharepublishing.com.
Woods Float percentage concept - This study is useful in illustrating how much of the float volume has been consumed over a selected period of time. This tool is fantastic at alerting you to price reversals. Research of stocks making fast runs to the upside has shown that price reversals often occur after 100 % of the float has traded hands. More details can be found at www.floatanalysis.com.
Note: Indicators require a separate chart page.