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Viewing weekly chart on a daily basis
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Viewing weekly chart on a daily basis

  #1 (permalink)
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Viewing weekly chart on a daily basis

Hello,

Does anyone know where I can find a charting software that allows me to view a Weekly chart on a daily basis?

Here is what I mean....

For example,

Let say today I want to view the weekly chart of the last trading day of the fourth day of September 2013, which was on Wednesday, September 4 2013.

Most charting software can only show me the weekly chart of the 6th of September 2013 (Friday) which is not what I want.

Please let me know if there is any charting software that can do that.

Thanks.
Leon.

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This would be rolling weekly bars. The problem with this concept is that all your bars will change every day. For example when you scroll your chart forward by one bar, the whole chart needs to be redrawn. This is not a very practical idea.

In the end the information of a rolling weekly bar is just

- the open five days ago
- the high of the last five working days (N-day rolling high)
- the low of the last five working days (N-day rolling low)
- today's close

What do you wish to do with that information?

Why do you need bars that are permanently repainting?

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I'm doing backtesting with weekly chart.
I am testing out some patterns on the weekly chart.
So, I need to study the price action and the candlestick pattern each day on the weekly chart.

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leonl View Post
I'm doing backtesting with weekly chart.
I am testing out some patterns on the weekly chart.
So, I need to study the price action and the candlestick pattern each day on the weekly chart.

For a backtest you can use a simple indicator that plots the open 5 days ago, the rolling 5-day highs and lows and the current close.

No need to use repainting bars that are used by nobody because they are impractical.

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OK, I found one that allows me to do that.
Stockcharts.com allows me to enter and view a particular start and end date of any stock or etf on the weekly chart.

For instance: If I want to view the weekly chart of GLD ending on Wednesday, the 4th September 2013, I can just do that. This is what I want, thanks.

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leonl View Post
OK, I found one that allows me to do that.
Stockcharts.com allows me to enter and view a particular start and end date of any stock or etf on the weekly chart.

For instance: If I want to view the weekly chart of GLD ending on Wednesday, the 4th September 2013, I can just do that. This is what I want, thanks.

@leonl: Could you please post a chart?

And could you give me the link to the StockCharts page. I would be interested to find out how that works!

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You can go to : StockCharts.com - Simply the Web's Best Financial Charts

Here is the weekly chart of GLD ending on Wednesday, the 4th September 2013. You can specify any date on the weekly chart. GLD - SharpCharts Workbench - StockCharts.com

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leonl View Post
You can go to : StockCharts.com - Simply the Web's Best Financial Charts

Here is the weekly chart of GLD ending on Wednesday, the 4th September 2013. You can specify any date on the weekly chart. GLD - SharpCharts Workbench - StockCharts.com

Sorry the link does not show a weekly chart which ends on Wednesday. Also I did not find any such chart.

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Here is the link to the weekly chart of GLD ending on 4th September 2013.

http://stockcharts.com/h-sc/ui?s=GLD&p=W&st=2011-10-28&en=2013-09-04&id=p71603762162

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leonl View Post
Hello,

Does anyone know where I can find a charting software that allows me to view a Weekly chart on a daily basis?

Here is what I mean....

For example,

Let say today I want to view the weekly chart of the last trading day of the fourth day of September 2013, which was on Wednesday, September 4 2013.

Most charting software can only show me the weekly chart of the 6th of September 2013 (Friday) which is not what I want.

Please let me know if there is any charting software that can do that.

Thanks.
Leon.

if you are charting a stock or ETF you can use stockcharts.com

the thing you have to do is set the start time on a Friday as well as as the end time. It appears that the calculations are based on a 5 day work week

In playing with the charts, I see that the weekly calculations are always from a Friday to Friday except for the extremes

here is a chart of the EOD spot price of Gold

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January 6, 2012 is the first Friday of 2012 and of course Sept 6, 2013 is the date you want - a Friday. Note that the first bar straddles the year 2012 marker....so this leads me to believe that this is the previous complete week ending January 6, 2012.

to prove this I generated another chart...the only difference is I backed up the date to January 3, 2012

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As you can see...this is an identical chart.

now I returned the start date to the Friday January 6, 2012 but advanced the end date to Sept 10, 2013

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You can see the chart is identical except we added a new candle

If I move the end time 2 more days the chart is identical except the last candle has changed.

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So it appears to be creating a partial week at the stop side...whereas it the start time is based on the week ending on the next Friday if you do not start on a Friday.

I hope this helps...though Stockcharts.com does not do intraday charts very well in its free service though I believe there is a lot more capability in its subscribed service...Since I don't do much intraday stuff and don't do forex or futures at all I don't have much knowledge in those areas...actually very little truth be known

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