Hi rick64
I would suggest a couple of things.
That is a very detailed chart. I would add to it a Volume panel directly underneath which differentiates volume up and down. [example provided below.]
If you intend to follow a handful of stocks that chart is a good learning tool...imo. But, self deception is an easy thing to fall into. As the chart progresses I would add annotations, in real time, stating exactly where you would place orders... in that way you can see whether the charting is helping you or not. [i.e. on Jan 10th, when the lower indicators are all in agreement... how many orders would you place in the market, at what price point and for how many at each price point...and did/would they get filled? Then do the same for the sells].
If you want to potentially trade many stocks then you need to decide which indicators are the most useful to you and make another chart for that which is as visually simple as possible... and use it to quickly scan through a large number of candidates.
This chart shows the volume indicator I would suggest adding to your view. Almost every chart indicator is backwards looking... most lag at least 2 or 3 days. By the time you see it in the chart the move can already be over. One leading indicator sometimes is how the volume changes. It is not as simple as just high or low volume but more along the lines of the volume changing from high interest to low interest and vice versa. People play games with prices but one thing they can't hide is how many they are buying or selling... I found that changes in the volume often precede a change in the price.
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Hi rick64 I would suggest a couple of things. That is a very...
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