A technical indicator is a set of derived data that is calculated by applying one or more formulas to the original set of data. Technical indicators are generally used to forecast the asset's market direction and generally plotted separately from the original data since the Y-axis scales differ.
WinForms Edition supports technical indicators for its FinancialChart control to be easily used in financial applications. These financial indicators are plotted as chart patterns and form a basis for technical analysis.
Note that the indicators are generally plotted separately from original price or volume data, as Y axis scales for technical indicators differ from that of price or volume chart data.
The following sections discuss various financial chart indicators that FinanicalChart for WinForms supports:
