The Chart Compare tool

This tool allows the trader to compare the performance of two instruments. A stock against and index, a stock against a stock, an index against gold…. everything is possible.

These are the advantages of the Chart Compare tool:

• An simple way to compare performance.
• Performance in percent (%) makes every comparison easy.
• Applicable to any market.
• Applicable in any time frame.
• It is FREE

The two curves are plotted together in one sub window, below the main chart.

Two trading examples

This example shows the sub window of trader looking at the S&P 500 future. The trader compares S&P 500 (red line) with the Eurostoxx future FESX (blue line) over a period of twelve months. The Eurostoxx lost -3,07% whereas the S&P grew by +16,07% over the same period.

This example compares Microsoft stock (red line) with the Dow Jones market index (blue line) over a period of 5 years. Microsoft added +338,19% whereas the Dow Jones added +87,33% over the same period.

Practical implementation

• Open the chart of the instrument you wish to trade.
• In the WHS Proposals folder, select the study Chart Compare.
• In the Designer Dialog, double-click on the study 'Simulation' in the Indicators section. Select the instrument to which you wish to compare your main chart.