| Price Graph Basics |
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Prosignal's graphs provides a quick
assessment by displaying important data clearly.
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- 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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