Barchart Opinions add market-timing information by calculating and interpreting signal strength and direction.

Get more information on Opinions or how Opinions are calculated.

The page is divided into multiple sections:

• Composite Indicators: Shows the signal for TrendSpotter
  
  
• Short Term Indicators: Shows signals for the 5 short-term indicators, with a overall short-term average signal. Also includes a 20-day Average Volume.
  
  
• Medium Term Indicators: Shows signals for the 4 medium-term indicators, with a overall medium-term average signal. Also includes a 50-day Average Volume.
  
  
• Long-Term Indicators: Shows signals for the 3 long-term indicators, with a overall long-term average signal. Also includes a 100-day Average Volume.
  
  
• Overall Average: Shows the overall average signal for all indicators, with Support, Resistance and Pivot Point.

A link is provided at the top right of the page to Show or Hide Signal Strength and Direction.

Without Signal Strength and Direction:

Show Signal Strength and Direction:

Chart and Indicator Performance Analysis

Each indicator has a link to view a chart with the indicator applied. Clicking on the $ icon will show the performance summary of this trading strategy over the past 5-years:

Signal Strength
The signal strength is a long-term measurement of the strength of the signal compared to the strength of the signal historically. The strength can be one of the following five readings:

• Maximum
• Strong
• Average
• Weak
• Minimum
  

Maximum is the strongest this signal has been in the historical period, and minimum is the weakest the signal has been in the historical period. The stronger a signal strength, the less volatile the signal. For example, a maximum buy signal is less likely to change to a hold or a sell signal than a weak buy signal.

A hold signal does not have any strength.

Signal Direction:
Buy/Sell Signal Direction

The signal direction is a short-term (3-day) measurement of the current movement of the signal. Regardless if signal is a buy or sell, the direction is an indication of whether the most recent price movement is going along with the signal. The buy/sell direction can be one of the following five readings:

• Strongest
• Strengthening
• Average
• Weakening
• Weakest

A buy signal with a "strongest" direction means a buy signal which is becoming stronger. Similarly, a sell signal with a "strongest" direction is becoming stronger. The direction goes with the signal.

Hold Signal Direction

The signal direction of a hold signal is a short-term (3-day) measurement of where the signal is heading, be it toward a buy signal or a sell signal. The hold direction can be one of the following five readings:

• Bullish
• Rising
• Steady
• Falling
• Bearish

A bullish hold signal indicates that the signal is heading toward a buy configuration, and a bearish hold signal indicates that the signal is heading toward a sell configuration.