Join us June 7 @ 5:30pm EST on Market Pulse Dot Live for...
New Dimensions in Chart Analysis
“The Chart Tells All” is a common phrase used by technical analysts. This basically means that all of the information and rumors in the market are reflected in the price chart. Most chartists gains insight into the market by using bar charts and candlestick charts.
But other types of charts can help us remove “noise” from the market. For instance, Heikin-Ashi charts smooth data over the last two bars in order to help us determine trend direction and potential reversals. Other charts remove the time element from the chart for more clarity. For example, range charts only form a new bar when price has exceeded a predetermined range.
While these less common chart types are not as popular to as bar or candlestick charts, they can help us see the market forest for the trees, and enhance our analysis skills.
Technical Analysis Topic: Heikin Ashi Charts
The Heikin-Ashi Chart has recently gained in popularity, even though it has been in existence since the 1700’s. Similar to classic candlestick charts, Heiken-Ashi charts show you four values for each bar of data. But Heikin-Ashi charts use the last two data points in order to construct the bar. This helps to smooth the data and reduce the impact of market noise.
The advantages of Heikin-Ashi charts include:
• Helping to Reduce Market Noise
• Conducive to Classic Candlestick Analysis
• Conducive to Classic Chart Pattern Analysis
• Easily Identify Market Trend
Heikin-Ashi charts can make patterns, trends and trend reversals easier to identify. OmniTrader and VisualTrader both include Heikin-Ashi charts to help you add this powerful analysis technique to your trading arsenal.
Stocks To Watch with: Ichimoku Cloud Module
- The Many Facets of Ichimoku Cloud Analysis
- Using the Cloud for Support/Resistance Analysis
- Shifting Indicators for Price Forecasting
Join us June 7, at 5:30pm EST, we broadcast live from both:
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What is Market Pulse Dot Live (MPL)?
MPL is complementary content about trading the current market with some technical analysis education too.
A typical show covers the following topics:
- Overview of Today's Broad Market
- Summary of Groups on the Move
- Technical Analysis Lesson
- Stocks to Watch
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Join us every Monday and Wednesday at 5:30pm EST.
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Nirvana Systems has been creating Trading software since the 1990's. Nirvana was founded on the concept of automated trading, our CEO, Ed Downs, fell in love with the potential profits offered by the markets but quickly realized that emotions were getting in the way of success and it was too difficult to find good candidates. Nirvana Systems has been creating software that automates Trading ever since.
