Short Term Charts

The short-term chart uses candlesticks on a standard arithmetic scale. A candlestick is a visual representation of what happened that day. To the right of the chart is a white arrow pointing down. If the program has the trader in a short trade, the arrow is pointing down. If the program has the trader in a long trade, the arrow is pointing up. A "decision day" will have no arrows, no vertical colored line and it will show 2 yellow horizontal "hash" lines where the buy and sell stops are to be placed. If the program calculates a 75% probability that the price will move up, the upper hash mark is cyan. If the program calculates a 90% probability that the price will move up, the upper hash mark is magenta. For the calculations that the price will move down, the same percentages and colors are represented on the lower hash marks

To view a chart all you have to do it type in a symbol and click the enter button. The symbol will appear at the top of the chart next to the time frame

Short-term defaults to 3 months and you can select a new time frame by clicking the down arrow.

At the top of the chart is the symbol, date, open, high, low, close, the change from one days close to the next, and the volume. If you move the mouse across the screen, you will see the value of that day. You can select a new time frame by holding the left mouse button down and dragging diagonally. This will create a white box and when the button is released, the chart will resize for the selected time frame. You can also select a new time frame by the scroller or by the dropdown list on the tool bar. To change to a new stock, you can just type the symbol and click the enter key or you can select a stock from a user list.

On this chart is a long green vertical line indicating the magnitude of the profit. It will be red if it is a loss. The small yellow horizontal line at the top of the green line is where the short trade was initiated. The small green horizontal line at the bottom of the long vertical green line is where the protective buy stop is set. The values of the entry and stop will be shown in the data window that is to the right of this screen on the computer.

This chart shows what a great trading stock looks like. It has a roller coaster pattern with big body candlesticks. The grid intensity and colors can be adjusted by using the Program Options icon.

 

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