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Classic Chart Indicators and Studies

Find descriptions, formulas, parameters, and other help for the indicators and studies used by the Barchart.com Classic Charting application below.

Classic Charts and Technical Charts each have their own set of studies.

View Technical Chart Indicators

Classic Chart Indicators and Studies

When you switch between Classic and Technical Charts, any studies already on the chart are removed, as the indicators do not transfer.

When charting any of the studies, the argument coloring is red, green then blue. For example, on a Moving Average chart [9, 18, 40], the 9 day would be the red line, 18 day would be the green line and the 40 day would be the blue line. The argument order is displayed on the chart next to the study name.

Elder Ray

The Elder Ray uses a 13-day exponential moving average (EMA) to indicate the market consensus of value. Bull Power measures the ability of buyers to drive prices above the consensus of value. Bear Power reflects the ability of sellers to drive prices below the average consensus of value.

Bull Power is calculated by subtracting the 13-day EMA from the day's High. Bear power subtracts the 13-day EMA from the day's Low.

The Elder Ray study cannot be an overlay, and it cannot be overlaid, but it will work as a first or second window.

Sample Chart:

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