PowerCharts  
  Interactive Charting Tool available in its
  pre-launch version  
ChartAlert™ PowerCharts is an interactive charting tool that is both powerful and easy to use.
PowerCharts can be used to create professional-looking financial charts in a simple and user-friendly format for more than 800 NSE stocks, all NSE Futures, BSE Group-A stocks, and all NSE/ BSE indices. It is a necessity for those more serious about technical analysis as it allows you to add technical indicators and price overlays to your charts.
Screenshot of ChartAlert PowerCharts >>>>> Copyright © 2006 ChartAlert.com
PowerCharts is clean, easy to read and displays in the largest visual format you can find in an offline format in India.
Benefits of PowerCharts
PowerCharts, your tool for technical analysis, will allow you to peep into the historical past and will also allow you to freely peruse the market and spot trends using all the well-known technical analysis indicators. While the simple and user-friendly format makes it easy for beginners and casual chartists to jump right into, they also provide all the graphical data an expert would desire.
PowerCharts offers 3 options for time intervals: daily, weekly and monthly. This allows you to have a precise view of short-term activity and/ or a more long-term view.
One of the key benefits of PowerCharts is the ability to save your favorite charts with custom chart settings. In other words, when you bring up a new chart, it will appear with your preferred date range, periodicity and indicator settings already applied! These customizations are easily created and managed, and most importantly make PowerCharts unique to you.
Marking significant price points, drawing custom-created channels and trendlines (for 120+ F&O porfolio of stocks), applying ElliottWave price labels (for 20+ F&O porfolio of stocks) or applying pre-packaged Trading Systems (short- to medium-term; for all stocks) will be a great way to make a wise trading and investment decision. See "Technical Analysis Masks", "ElliottWave Masks" and "Trading Systems" below...
Limitations of PowerCharts
PowerCharts is purely for technical analysis, and all the information it provides is derived from stock price and volume data. The charts simply reflect the bullish or bearish psychology of a marketplace, and while they may not explicitly tell you when to buy or sell, they would help you look for signals that give hints as to what a stock is doing.
Another limitation of PowerCharts is that it will not predict future price movements. Technical Analysis is based on the belief that prices trend, and while there are situations where a future price rise is likely, it is never a guarantee. However, market sentiment is not unpredictable, therefore users can take advantage of PowerCharts features to make sound predictions.
The last limitation of PowerCharts is that it is an interactive charting tool and not an end-user drawing tool. That is, while they'll allow you to plot several technical indicators along with price-volume data, besides several overlays being possible on the price-volume plot, they will not allow you to draw or perform line studies like trendlines, channels, fibonacci lines, regression lines, etc. onto the chart. This feature is (however) expected in the future versions of PowerCharts!
Technical Analysis Masks in PowerCharts
These are customized templates designed for 120+ F&O stocks, and in a superimposed mode, are meant to be read along with the base security of that cash market chart. They allow you to see short-term, medium-term and long-term price channels, trendlines and important supports and resistances marked out on the cash market chart!
Screenshot of ChartAlert PowerCharts >>>>> Copyright © 2006 ChartAlert.com
ElliottWave Masks in PowerCharts
These are customized templates designed for 20+ F&O stocks, and in a superimposed mode, allow you to see short-term, medium-term and long-term ElliottWave price labels, ElliottWave channels and important supports and resistances marked out on the cash market chart!
Screenshot of ChartAlert PowerCharts >>>>> Copyright © 2006 ChartAlert.com
Trading Systems in PowerCharts
These are a collection of powerful tools that keep you informed about the current technical status of a security. They contain complete trading rules and complex trendline studies, and bundle the logic with the visual presentation of potential trading strategies. When enabled, they keep you informed on the status of the condition of a particular trading strategy for a particular security by displaying buy/ sell/ exit symbols on the chart!
Screenshot of ChartAlert PowerCharts >>>>> Copyright © 2006 ChartAlert.com
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Any Queries? Email us at CustomerService@ChartAlert.com or ChartAlert@vsnl.com
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