Tool - Stock Chartist

Another tool which I have found useful is Stock Chartist. The one which I am using is the Ad version which I got it for free in the ITunes Store, when it just launched a few months back, although, for some strange reason, when I tried to look for it just now, it shows that it is not available for download in the Singapore ITunes Store.

This app is great in that it allows you to carry out technical analysis (TA) on the stock charts. It has functions of Moving Averages, Bollinger Bands, Swing Overlay and Parabolic SAR that can be superimposed on the price charts, and in another (bottom) window, it allows you to choose between Volume, Average Range, MACD, RSI, Stochastic Oscillator, Rate of Change, DMI/ADX and Williams %R. I have so far only managed to read up about the Moving Averages, Bolinger Bands, Volume, Average Range, MACD, RSI, and Stochastic Oscillator, and understand, with my limited knowledge, that these indicators allow you to kind of gauge the market movement, as well as to know if a stock is overbought or oversold.

In a way, I think that the Stock Chartist offers a easy, simple and fuss free way to do your TA without having to plot your own charts. More importantly, proper use of it could allow you to properly time market entries and exits, which adds a useful dimension to value investing strategies of buying good companies at low prices.

More information may be obtained from the following two links (youtube demo videos which I am not affiliated with) :

http://www.youtube.com/watch?v=JTt1iFQ62pM

http://www.youtube.com/watch?v=k511ulC1oMQ


You can get the app from the ITunes store using this link:
Stock Chartist - Tony Jansen


Disclaimer: The ideas expressed in this blog should not be construed as an enticement to buy or sell the securities, commodities or assets mentioned. The accuracy or completeness of the information provided cannot be guaranteed. Readers should carry out independent verification of information provided. No warranty whatsoever is given and no liability whatsoever is accepted for any loss howsoever arising whether directly or indirectly as a result of actions taken based on ideas and information found in this blog.