Welcome to our Float Charts Education Center

What's a Float Chart?

Float Charts™ are The Fourth Way of Stock Charting. 

Float Charts are a new and unique type of stock chart that is based on an idea found in the book Truth of the Stock Tape by famed trader W.D. Gann.  Float Charts are completely unique in the history of stock charting. They are the only stock charts that use all four available pieces of stock data: float, price, volume and time. 

Ordinary stock charts use only price and/or volume data. Float Charts are unique because they track the amount of time it takes for the number of shares available for trading (the floating supply) to change hands once (a float turnover). Float turnover rectangles show the current time it takes for the cumulative trading volume to equal the number of shares in the float. Float turnover channel lines show where previous float turnovers took place. By tracking float turnovers, Float Charts show the hypothetical time it takes for a company's shares to change ownership. Thus Float Charts give new meaning to such classic market terms as accumulation, distribution, support and resistance. See an in-depth study of the chart on our home page, Sirrius Satellite (SIRI)

Float Charts help you in locating where the smart money is getting in and were the smart money is getting out. They visually show you where the floating supply is going through accumulation or distribution. They add to and expand the definition of several important technical terms such as accumulation, distribution, support, resistance, tops and bottoms.

The history of stock charts starts with Candlestick Charts in Japan over two centuries ago (they use only price). After that came Point and Figure Charts, which where developed about a hundred years ago (they also use only price). Then came price and volume charts which most stock technicians use today. Now there are Float Charts. Float Charts add a crucial piece of data that is missing from all other charts... the floating supply of shares (the shares actually available for trading). By incorporating a company's floating supply of shares in conjunction with price and volume data, a complete picture of a stock is finally seen. Float Charts are dynamic in nature and their profitable use is still evolving.

Steve did not invent Float Charts, he discovered them.