SwamiCharts Overview
How can SwamiCharts help improve my trading?
Ordinary technical indicator charts can provide too much precision with too little meaning. For example, you see precisely when a 14 period RSI crosses
over 30 but does this always have the same meaning? Perhaps in one case (but not in another) a slightly different period tells an entirely different story.
SwamiCharts provide additional insight because you are visualizing indicator differences as changes in color in the big-picture context of a range of lookback periods.
SwamiCharts are easy to understand, quick to interpret, and entirely consistent.
SwamiCharts are a type of 3D chart with time on the x-axis (length), lookback period on the y-axis (height),
and the indicator value (color) as the 3rd dimension.
An ordinary technical indicator line chart shows an indicator at a single fixed lookback period only, a very narrow view. SwamiCharts is an evolutionary step forward, providing a
3D heatmap view of a technical indicator over a wide sequential range of lookback periods.
This type of heatmap visualization technology (also used in the medical imaging and mapping fields) is now possible using modern high-speed PCs with intelligent graphics cards.
Context provides insight. SwamiCharts provides context. A quick scan of the shorter period (lower y-axis) lookback values clearly gives an early indication of when a new indicator pattern
first begins to emerges within the longer period (upper y-axis) big-picture context. Pattern continuation and dissolution can now clearly be seen by scanning the longer lookback periods.
SwamiCharts indicators are packaged according to function. Indicators from different
packages can be applied to charts in any combination. The available packages are: