Overlay Indicators
Guide to mathematical price overlays which display directly on the main chart area.
Simple Moving Average (SMA)
Description: Calculates the average price of a security over a specified number of periods.
Smoothing price data to identify primary trend directions and potential dynamic support/resistance zones.
Add SMA via the Indicators pop-up. Settings allow customization of length and source price (close, open, etc.).
Exponential Moving Average (EMA)
Description: A moving average that places a greater weight and significance on the most recent data points.
Reacting faster to recent price changes compared to a simple moving average, ideal for trend-following.
Add EMA from the Indicators menu. Configure period lengths in the input panel.
Hull Moving Average (HMA)
Description: Combines weighted moving averages to reduce lag while improving smoothness.
Providing a fast-moving average indicator that virtually eliminates lag and tracks prices closely.
Select HMA from the Indicators catalog and add it to the overlay panel.
Weighted Moving Average (WMA)
Description: Assigns linear weighting factors to prior price observations.
Tracking price action with higher weight on recent bars than older bars.
Select WMA from the Indicators menu to overlay on price.
Double Exponential Moving Average (DEMA)
Description: Calculates two exponential moving averages to drastically minimize lag.
Spotting rapid trend reversals and pivot points with minimal delays.
Add DEMA from the Indicators dialog overlay catalog.
Triple Exponential Moving Average (TEMA)
Description: A composite indicator using three EMAs to completely smooth out price lag.
Short-term trend tracking and breakout confirmations.
Add TEMA from the Indicators overlay options menu.
Volume Weighted Average Price (VWAP)
Description: Computes the average price based on both volume and price. Resets at the start of each session.
Providing intraday benchmark price levels used heavily by institutional traders.
Add VWAP from the Indicators menu. It will render on the main chart pane.
Bollinger Bands (BB)
Description: Plots a basis line (SMA) and two standard deviation bands outlining market volatility.
Identifying overbought/oversold levels, bands breakouts, and volatility squeezes.
Select Bollinger Bands from the Indicators popup. Adjust stdDev values in settings.
Donchian Channels (DC)
Description: Draws channels defined by the highest high and lowest low over a period range.
Analyzing market volatility, trading range bands, and breakout ranges.
Add Donchian Channels from the Indicators overlay catalog.
Keltner Channels (KC)
Description: Volatility-based envelopes set above and below an EMA using Average True Range (ATR).
Highlighting trend directions, channels breakouts, and volatility bands.
Add Keltner Channels from indicators list, customize band factors in options.
MA Envelopes (ENV)
Description: Plots percentage-based envelopes above and below a central moving average.
Identifying standard overbought/oversold zones and breakout boundaries.
Add MA Envelopes from the overlay indicators dropdown catalog.
Parabolic SAR (PSAR)
Description: Plots dots above or below candles indicating stop-and-reverse trends.
Determining trailing stop losses and major trend shifts.
Add Parabolic SAR from indicators dropdown. Dots apply immediately below or above bars.
Ichimoku Cloud
Description: Comprehensive system calculating conversion line, base line, lag span, and shaded senkou clouds.
Determining support, resistance, trend direction, and momentum alerts simultaneously.
Select Ichimoku Cloud from indicators list. Custom cloud colors adjust in settings.
Supertrend
Description: Draws price-following lines indicating bullish/bearish trends based on ATR volatility offsets.
Simple, robust trend-following buy/sell signals and trailing stops.
Add Supertrend from Indicators. Shuts/opens trend lines based on ATR period.
Williams Alligator
Description: Uses three smoothed moving averages offset into the future: Jaw (Blue), Teeth (Red), and Lips (Green).
Detecting presence/absence of trends (sleeping/waking alligator).
Add Williams Alligator overlay from indicators settings popup.
Pivot Points Standard (PP)
Description: Plots key mathematical support and resistance levels (P, R1-R5, S1-S5) based on previous bar high-low-close.
Static pivot level support and resistance projections.
Select Pivot Points Standard from overlay indicators. Select formula type (Classic, Fibonacci, Woodie).
Pivot Points High Low
Description: Labels swing highs and swing lows on the chart based on left/right bar comparisons.
Spotting key price pivots and local extremes.
Select Pivot Points High Low from indicators popup.
Session High/Low Ranges
Description: Draws horizontal boxes indicating price ranges during specific time sessions (Asian, London, New York).
Analyzing session breakouts and range-bound liquidity.
Add Session High/Low Ranges from overlay menu. Adjust session time limits in settings.
Williams Fractals
Description: Plots arrow marks on candles that form a local 5-bar high or low extreme.
Identifying pivot levels and swing coordinates.
Select Williams Fractals from the overlay indicators.