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Price Graph Basics
 

Prosignal's graphs provides a quick assessment by displaying important data clearly.

  • The top chart is the price graph. This graph charts a stock's price over time. The green bars indicate that the price movement is trending higher while the red bars indicate the stock is trending lower.
  • These bar colors are based on momentum and moving averages.The price bars are usually drawn in red. The bottom of the price bar marks the low for that day, and the top indicates the high. On the right side of the bar, a tiny horizontal dash marks the closing price. It's bullish if the closing price is near the high of the day, and bearish if the closing price is down toward the day's low.
  • You'll also notice that this chart displays 4 different arrows. The green arrow is a buy signal, red arrow is a short signal, and the black arrow is a exitshort and then blue arrow is an exitlong signal.
  • The value at the top or bottom of the arrows indicate the number of shares to be traded. If the strategy reinvests profits you will see this number increase. Negative numbers mean that these are short positions.
  • The 13-day exponential moving average (EMA) is drawn in red. The 6-day EMA is drawn in blue. These lines identify the overall direction of the price of a stock. The most important thing to note is whether prices are above or below these two moving averages. The "Moving Averages" section explains how to use this information when making a trade.
 


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