LogoLogo
Return to StockChartsCharts & ToolsArticlesChartSchoolYour Dashboard
  • Support Center
  • Finding Your Way Around
    • Intro to StockCharts
    • Navigating the Website
    • Logging In for the First Time
    • Members Dashboard
  • data and ticker symbols
    • Data Availability
      • Markets We Cover
      • Real-Time Data
        • BATS Real-Time Data
      • Extended Hours Data
      • Data Bar Periods
      • Price Data Adjustments
      • Historical Data
        • How Do I Download Data to Excel?
        • StockCharts Historical Sector Data
    • Ticker Symbols
      • Ticker Symbol Conventions
      • How to Find a Ticker Symbol
      • Using the Index Catalog
      • Ratio and Difference Symbols
      • Pseudo-Symbols
      • User-Defined Indexes
  • Charts & Tools
    • SharpCharts
      • SharpCharts Workbench
        • Creating and Viewing SharpCharts
        • Printing and Sharing SharpCharts
        • Editing SharpCharts
          • Using the SharpCharts Interactive Date Slider
          • Charting Market Breadth Indicators
          • SharpCharts Parameter Reference
        • Saving SharpCharts
        • Additional SharpCharts Workbench Tools
          • Viewing ChartLists on the SharpCharts Workbench
          • Viewing Alerts on the SharpCharts Workbench
          • Viewing Options Data on the SharpCharts Workbench
      • ChartStyles & StyleButtons
        • Working with ChartStyles and StyleButtons
        • Using the ChartStyle Library
        • Tool-Specific ChartStyles
      • ChartNotes
        • Annotating SharpCharts with ChartNotes
        • ChartNotes Annotation Tool Reference
          • Line Tools
          • Text Annotation Tools
          • Shape Tools
          • Line Study Tools
      • ChartLists
        • Summary View
        • ChartList View
        • ChartBook View
        • Performance View
        • Correlation View
        • Edit View
        • ChartList Reports
        • ChartPacks
      • Classic SharpCharts Workbench
      • StockCharts Mobile App
    • StockChartsACP
      • Creating ACP Charts
      • Multi-Chart Layouts in StockChartsACP
      • Viewing ACP Charts
      • Printing and Sharing ACP Charts
      • Editing ACP Charts
      • Applying Chart Templates to ACP Charts
      • Annotating ACP Charts
        • StockChartsACP Line Tools
        • StockChartsACP Text Annotation Tools
        • StockChartACP Shape Tools
        • StockChartsACP Line Study Tools
      • Working with Saved ACP Charts
      • StockChartsACP Plug-Ins
        • Chaikin Power Gauge Plug-In
        • GoNoGo Charts Plug-In
        • Larry Williams Stock Trading Starter Pack Plug-In
        • MarketGauge Plug-Ins
        • Simpler Trading Moxie Indicator Plug-In
        • Trading Simplified by Dave Landry
        • Trend Investor Pro Indicator Edge
    • Other Charting Tools
      • P&F Charts
      • GalleryView
      • Seasonality Charts
      • CandleGlance Charts
      • MarketCarpets
      • Interactive PerfCharts
      • RRG Charts
      • Dynamic Yield Curve
    • Research Tools
      • Symbol Summary
      • Options Summary
        • OptionsPlay Explorer
      • OptionsPlay Strategy Center
      • Market Summary
      • Sector Summary
      • Industry Summary
      • Index Members
      • StockCharts Technical Rank (SCTR) Reports
      • Earnings Calendar
      • Cryptocurrency Summary
    • Reports and Galleries
      • The Ticker Cloud
      • Historical Chart Gallery
      • Predefined Scan Results
        • Customizing Predefined Scans
      • Predefined Technical Alerts
      • DecisionPoint Chart Gallery
      • Public ChartLists
        • Becoming a Public ChartList Author
      • SharpCharts Voyeur
  • Scanning & Alerts
    • Technical Scans
      • Scanning for Stocks: The Basics
      • Advanced Scan Workbench
      • Standard Scan Workbench
      • Working With Scan Results
    • Scan Writing Resource Center
      • Planning Scans
      • Writing Scans
      • Scanning Tutorials
        • Scan Workbench Tutorial
        • Scan Results Tutorial 1
        • Scan Results Tutorial 2
        • Writing Scans Tutorial 1
        • Writing Scans Tutorial 2
        • Creating Scan Templates Tutorial
        • Troubleshooting Scans Tutorial 1
        • Troubleshooting Scans Tutorial 2
        • Troubleshooting Scans Tutorial 3
      • Scanning Case Studies
        • Scanning for Crossovers
        • Scanning for "Near Crosses"
        • Scanning for Divergences
        • Scanning for Relative Strength
        • Scanning for Consolidation and Breakouts
        • Scanning for Selling Climaxes
        • Scanning for SCTRs
        • Scanning Ichimoku Clouds
        • Scanning for P&F Chart Patterns
        • Scanning Your ChartLists
        • Scanning for an Overlay of an Indicator
        • Writing Min/Max Scans
        • Writing Percent Change Scans
        • Scanning Over a Range of Dates
        • Writing Scans With OR Clauses
      • Troubleshooting Scans
        • Troubleshooting Equality Scans
      • Getting Help With Scans
      • Scan Syntax Reference
        • Scan Syntax: Ticker Properties
        • Scan Syntax: Price, Volume, and SCTRs
        • Scan Syntax: Technical Indicators
        • Scan Syntax: Technical Functions
        • Scan Syntax: Predefined Patterns
        • Scan Syntax: Groups
      • Advanced Scan Library
        • Sample Scans
        • Predefined Scans
        • Published Scans
        • User-Contributed Scans
        • Gord Greer's Scan Building Blocks
    • Technical Alerts
      • Technical Alert Workbench
      • Your Alerts
  • Your Account
    • Subscribing to StockCharts
    • Service Levels & Data Plans
    • Login & Passwords
    • Your Account Settings
    • Managing Your Subscription
      • Cancelling Your Account
    • StockCharts Add-Ons
      • OptionsPlay Add-On
  • Learning More
    • Market Commentary
      • Blogs
      • ChartWatchers Newsletter
      • StockCharts TV
    • Educational Resources
    • Frequently Asked Questions (FAQs)
    • Step-By-Step Instructions
      • SharpCharts How-Tos
        • SharpCharts Workbench How-Tos
          • How to Print a SharpChart
          • How to Share a SharpChart on Social Media
          • How to Email a SharpChart
          • How to Insert a SharpChart in a Document or Presentation
          • How to View Indicator and Overlay Values for Specific Days
          • How to Save a SharpChart
        • SharpChart Editing How-Tos
          • How To Use The Interactive Date Slider
          • How to Display More than One Symbol on a SharpChart
          • How to Create Overlaid Charts
          • How to Add an Overlay to an Indicator
          • How to Add a Moving Average to the Volume Bars on a Chart
        • ChartNotes How-Tos
          • How to Pin an Annotation on a SharpChart
          • How to Save a Chart from a Blog Article with the Author's Annotations
        • ChartList How-Tos
          • How to Use the ChartList Summary
          • How to Search for a Saved Chart in Your ChartLists
          • How to Share a ChartList with Another Member
        • ChartList Editing How-Tos
          • How to Create a New ChartList
          • How to Add Predefined Symbol Groups to a New ChartList
          • How to Add Predefined Groups into an Existing ChartList
          • How to Upload Symbols to a ChartList from a Spreadsheet
          • How to Rearrange Charts in a ChartList
          • How to Delete a Saved Chart from a ChartList
      • StockChartsACP How-Tos
        • Setting Period, Type And, Range
        • Chart Attributes
          • Part One
          • Part Two
        • Sharing And Printing
        • Saving Charts
          • Saving A New Chart
          • Saving An Existing Chart As New
        • Chart Templates
          • Applying Predefined Chart Templates
          • Saving A New Chart Template
        • Using ChartLists
          • Creating A New ChartList
        • Chart Layouts
          • Accessing Chart Layouts
          • Creating A New Custom Layout
        • Additional Tools
          • Accessing Research Tools
    • Troubleshooting
      • Unable to Log In
      • Website Slow or Down
        • Using OpenDNS
      • Website Functionality Issues
    • Customer Support
    • Policies & Limitations
      • Terms of Service
      • Privacy Statement
      • No Service Level Guarantees
      • Data Policies
      • Usage Limitations
      • Reprint Permission Policies
      • Billing Policies
      • Membership Policies
      • Public ChartList Policies
      • Customer Support Policies
Powered by GitBook
LogoLogo

ON STOCKCHARTS

  • Charts & Tools
  • Articles
  • StockCharts TV
  • ChartSchool

MEMBERS

  • Your Dashboard
  • Your ChartLists
  • Advanced Scans
  • Technical Alerts

HELP

  • Support Center
  • FAQs
  • Contact Us
  • Pricing

COMPANY

  • About Us
  • What's New
  • Careers
  • StockCharts Store

© StockCharts.com, Inc. All Rights Reserved.

On this page
  • GoNoGo Trend
  • GoNoGo Oscillator
  • GoNoGo Icons
  • GoNoGo Squeeze
  • GoNoGo ChartStyles
  • Purchase the Plug-in

Was this helpful?

Export as PDF
  1. Charts & Tools
  2. StockChartsACP
  3. StockChartsACP Plug-Ins

GoNoGo Charts Plug-In

PreviousChaikin Power Gauge Plug-InNextLarry Williams Stock Trading Starter Pack Plug-In

Last updated 11 months ago

Was this helpful?

Welcome to the GoNoGo Charts plug-ins for StockChartsACP. The GoNoGo Starter Pack is a free plug-in that introduces StockCharts members to GoNoGo Charts with a custom chart type and an accompanying ChartStyle. The full GoNoGo Charts plug-in includes a more in-depth custom chart type, two indicators, and an accompanying ChartStyle.

These tools, developed by GoNoGo Charts, combine technical analysis and statistical measures to help investors understand the direction and continuity of price trends for any security and asset class across any timeframe.

Check out our GoNoGo Charts overview video below, or just read on to learn how to get the most out of these plug-ins.

|


GoNoGo Trend

The GoNoGo Trend chart type colors the price action of any security according to the strength of its trend, making it simple to identify and interpret the current trend:

  • Bright Blue price bars indicate the strongest bullish environment.

  • Aqua bars are slightly less bullish; they often occur at the start of a new trend or as a strong bullish trend begins to weaken.

  • Amber bars represent uncertainty, often appearing in the transition from a bull trend to a bear trend and vice versa.

  • Pink bars indicate a lower-intensity bearish environment.

  • Dark Purple bars are shown when the bearish trend intensifies.

The “Go” and “NoGo” labels on the chart mark transitions to bull or bear trends, respectively.

The GoNoGo Trend chart type is included with both the GoNoGo Starter Pack and the full GoNoGo Charts plug-in. To use the GoNoGo Trend chart type, simply select GoNoGo Trend (or GoNoGo Trend Pro for full plug-in users) from the dropdown menu of chart types at the top of ACP.

Once this chart type is selected, you can adjust the settings by clicking the gear icon in the Chart Settings panel on the left. You can choose between candlesticks or OHLC bars and set the style of the price bars.

You can learn more about the GoNoGo Trend from the following videos.


GoNoGo Oscillator

Momentum is closely related to trend identification. The GoNoGo Oscillator helps investors understand the velocity of price change, providing valuable information about the strength of a trend and the market’s conviction in it. Strong or increasing momentum confirms a trend, while decelerating momentum gives the investor a leading indication of weakness and the potential for reversal.

The GoNoGo Oscillator blends several popular momentum ideas to give you meaningful momentum analysis. As an oscillator, the indicator’s values range above and below zero, from -6 to +6, with extreme positive values being considered overbought and extreme negative values oversold. The background color denotes the range of values from most oversold (dark purple) to most overbought (dark blue). Within a trend, a security’s momentum may reach overbought/oversold levels, fall back toward the zero line, and then rally again. A break above/below zero would indicate divergent momentum—unsustainable for a healthy trend.

In addition, the GoNoGo Oscillator’s color changes from light blue to dark blue when volume is higher than average. Confirming or diverging volume readings give investors additional insight at pivotal decision points.

Users of the full GoNoGo Charts plug-in can add the GoNoGo Oscillator indicator from the Chart Settings panel on the left. This indicator is not available in the GoNoGo Starter Pack.

Explore the GoNoGo Oscillator in the video below.


GoNoGo Icons

GoNoGo Charts highlight low-risk opportunities for trend participation and alert investors to short-term countertrend corrections with intuitive icons directly in the price action.

The resurgence of momentum in the direction of the trend is an excellent entry opportunity or the chance to scale up positions. GoNoGo Icons illuminate these events with green or red solid circles on the chart. When GoNoGo Trend paints blue bars, a solid green circle will appear above the price each time the GoNoGo Oscillator finds support at zero. When GoNoGo Trend is painting purple bars, a solid red circle will appear each time the GoNoGo Oscillator hits resistance at the zero-line from below.

Within a “Go” trend, a security’s momentum may reach overbought levels, then fall back toward the zero-line. While in a “NoGo” trend, a security’s momentum may fall to extreme oversold levels and then cool. As the momentum calculations retreat from extreme overbought or oversold levels, GoNoGo Icons highlight the possible countertrend correction in price. These potential short-term corrections are denoted with solid green arrows in an uptrend and solid red arrows in a downtrend.

To use the GoNoGo Icons, full plug-in users can simply select GoNoGo Trend Pro from the dropdown menu of chart types at the top of ACP. This chart type includes both the GoNoGo Trend-colored price bars and labels and the colored circles and arrows of the GoNoGo Icons tool.

Once this chart type is selected, you can adjust the settings by clicking the gear icon in the Chart Settings panel on the left. Choose between candlesticks or OHLC bars, and set the style of the price bars and icons.

Note: The GoNoGo Trend Pro chart type, which includes the GoNoGo Icons, is only available to users with the full GoNoGo Charts plug-in. This chart type is not available in the GoNoGo Starter Pack.


GoNoGo Squeeze

Studies have shown that momentum readings are useful for mean-reversion strategies and can also add insight into trends. The GoNoGo Oscillator is calculated so that when inputs are in neutral territory, it rests at zero. When enthusiasm wanes within a trending market, the GoNoGo Oscillator provides an objective point of support/resistance for momentum at the zero line.

Where there is no excessive buying or selling, price action stagnates, volatility declines, markets move sideways, and GoNoGo Oscillator rests at the zero line. This volatility compression is highlighted by GoNoGo Squeeze. A visual grid in the oscillator panel climbs as momentum remains neutral, reaching extremes with a prolonged reduction in volatility. Like a coiled spring, researchers have shown that a breakout can be expected following these stalemates between buyers and sellers.

Users of the full GoNoGo Charts plug-in can add the GoNoGo Squeeze indicator from the Chart Settings panel on the left. This indicator is not available in the GoNoGo Starter Pack.


GoNoGo ChartStyles

GoNoGo chart types and indicators are best used on charts with a dark color scheme and no grid lines. To simplify your chart configuration, each GoNoGo plug-in comes with a ChartStyle for quickly creating GoNoGo charts.

The “GoNoGo - Basic” ChartStyle included with the GoNoGo Starter Pack creates a simple GoNoGo Trend chart. The “GoNoGo - Complete” ChartStyle included with the full GoNoGo Charts plug-in creates a more complex GoNoGo Trend chart with GoNoGo Icons overlaid and a separate GoNoGo Squeeze indicator panel.

Once the plug-in is installed, the relevant GoNoGo ChartStyle can be accessed in the Sample Styles section of the ChartStyles panel.


Purchase the Plug-in

Note: The GoNoGo Trend Pro chart type included with the full plug-in also displays .

|

Install the GoNoGo Starter Pack Plug-In
Buy the GoNoGo Charts Plug-In
GoNoGo Icons
Install the GoNoGo Starter Pack Plug-In
Buy the GoNoGo Charts Plug-In
Go and NoGo labels are displayed on the chart.
GoNoGo Oscillator changes fro light blue to dark blue when volume is higher than average.
GoNoGo icons.
GoNoGo Squeeze.