[Premium] New Chartbook Format & Analytics
What we've just implemented is a new spreadsheet system that will display our notes for each Chartbook in one place, rather than have them below each individual chart. We've done this for two main reasons.
- It allows us to quantify, track, and compare our analysis over time to unlock additional value from the data we're already collecting every time we update the charts.
- It saves us time when updating the Chartbooks, so that we can focus less on tedious tasks and more on producing value-add analysis.
So what does this all look like from a practical standpoint?
First, you'll notice that the notes for each individual chart are no longer directly below it.
Instead you'll want to look toward the top of the page where it says "Click here to view this Chartbook's notes."
It'll open up the chartbook's notes in a new tab for your convenience and you'll see an embedded excel document with each of the symbols on the left and the 6 stats that we track across the top.
Notes for the weekly charts are at the top and if you scroll down within the spreadsheet you'll see notes for daily charts.
Before the next Chartbook update in 2 weeks, we'll be adding some analytics within this spreadsheet to quantify things we often talk about like the amount of uptrends, sideways trends, or downtrends. We're also experimenting with some conditional formatting that would help identify where prices are currently in relation to their risk management level and price target, among other things.
For those workbooks where these notes are not applicable (like Market Breadth and Intermarket Analysis), there will not be a spreadsheet as the annotations on the charts themselves should provide enough perspective without supplemental info.
The last thing worth noting is that at the bottom of the spreadsheet you'll find the ability to navigate between worksheets (tabs) for each date that an update took place. So for this weekend you'll see 11-02-2018 as the charts have been updated to reflect the data as of this past Friday.
This transition took some time, so we appreciate your support thus far and continued patience as we experiment with different spreadsheet formats and analytics. We think that the data gathered from tracking our notes this way is going to be a really valuable over the long-run and can't wait to see what we (and you) can do with it.
Update on 12/01/2018:
The first data points we're adding are at the bottom of each spreadsheet. The first column tracks the percentage of components of uptrends (green), sideways trends (orange), and downtrends (red). The second column tracks the percentage of components in a bullish (green) and bearish (red) regime. The last column tracks the percentage of components with momentum confirming (green) and diverging (red) from price action.
You can check out all the updated Chartbooks here and let us know if you have any questions or feedback!
Allstarcharts Team