MailBag September 25, 2009 at 01:56 PM
SharpCharts features allow members to scroll through 30 charts per page with their favorite indicators. Before you can scroll through a list of charts, you must first create a list or use an existing list. Once a list has been created, SharpCharts users can edit this list and easily add stocks from pre-defined lists. As the image below shows, SharpCharts users can add stocks from the Nasdaq 100, S&P 500 and S&P Sectors. Once a list has been created and stocks added, go to Sharpcharts to view the individual charts. First, choose your list from the “in chartlist” drop Read More
MailBag September 18, 2009 at 01:27 PM
Bollinger Band Position (BBP) reflects the location of the closing price relative to the upper and lower Bollinger Bands. The BBP score ranges from +100 to -100. +100 equals the upper Bollinger Band, while -100 equals the lower band. Readings above +100 indicate that the stock is above the upper Bollinger Band. Readings below -100 indicate that the stock is below the lower Bollinger Band. The first chart shows Lockheed Martin (LMT) with a BBP score of 132 after an upside breakout. The second chart shows VZ with a BBP score of -111 after a break down. Click this chart for Read More
MailBag September 11, 2009 at 01:49 PM
Equivolume charting was developed by Richard Arms, creator of the Arms Index (TRIN). In creating Equivolume, Arms managed to bring volume closer to price action. Instead of looking at separate volume bars, Equivolume incorporates volume right into price action. Each period’s price plot is shown as a rectangle. The high forms the top of the rectangle and the low forms the bottom. Rectangles are black when the close is above the prior period’s close and red when the close is below. Volume is reflected in the rectangle’s width. Big volume days will appear as wide rectangles. Low volume days Read More
MailBag September 04, 2009 at 01:47 PM
MACD consists of three components. First, there is MACD itself, which is the 12-day EMA less the 26-day EMA. Second, there is the signal line, which is a 9-day EMA of MACD. Third, there is the MACD Histogram, which plots the difference between MACD and its signal line. Let’s look at these individually. As the difference between two moving averages, MACD is a momentum oscillator that has some trend following lineage. After all, moving averages are trend following indicators. MACD is positive when the shorter (faster) moving average is above the longer (slower) moving average. MACD is Read More
