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Starting a move...3.2m just traded, page-138

  1. 6,316 Posts.
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    Dickie123, I am far from being an expert on charting.

    I am only interested in the direction of price.

    That's probably why I only post a basic chart.
    The second graph is just a Moving Avg MACD.
    Third is a RSI Relative Strength Index and the last is an Advance Decline Crossover which is the Fast MA and Slow MA crossing over.

    When you put all 3 indicators together, imo it's showing the price direction even though they are lagging indicators. In another chart I have which I am unable to post here, if you were to draw a vertical line at the point of Crossover, you would see a direct correlation with all 3 indicators including price movement. Obviously volume and accumulation distribution plays an important role as well which I haven't shown in the chart.

    Doesn't work with all stocks.

    However, you follow a stock long enough you get a feel of it's movement anyway.
 
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