Line chart
by PRASHANT SHAH -
Closing price is the last traded price of the session. When you check the position of your portfolio when the market is open, the price that you see and evaluate your portfolio is known as CMP (current market price). When market closes, the last traded price is considered as a closing price. But when we ... Read more
Bar chart
by PRASHANT SHAH -
You may recall that the line chart connects a single price (closing price) to plot the chart. We discussed about four prices that we get for each session: Open, High, Low and Close. Instead of only considering closing price of a particular session, all prices of the session can be plotted in the format of ... Read more
Candlestick chart
by PRASHANT SHAH -
Candlestick charts are probably one of the most popular and widely followed charting method. It is considered to be among the oldest Japanese charting method. The early form of candlestick chart patterns was explained by Homma Munehisa in his in book titled The Fountain of Gold – The Three Monkey Record of Money. This book ... Read more
Multi-chart Scanner
by PRASHANT SHAH -
Multi-chart Scanner Multi-chart scanner is a very useful feature under smart scanner section in TradePoint and Rzone. You can scan up to 8 charts in that scanner simultaneously. We discussed earlier that each charting method has some unique properties to offer. Taking advantage of those properties and create setup using different charting methods would be ... Read more
Multi-charting trading techniques
by PRASHANT SHAH -
Multi-charting setups We have discussed various charting methods. Each charting method has a few unique characteristics. Most of the people look at them as different methods of charting and don’t focus on the important aspect of the unique properties of each charting method and about how different charting methods can complement each other and help ... Read more
Trade setups: P&F and Candlestick
by PRASHANT SHAH -
P&F and Candles P&F techniques can be traded along with your current methods and systems. Candlestick formations are very popular and widely followed patterns. Point & Figure and Candlestick charts can be analyzed simultaneously to embrace the strength of each other. Below are some ideas. Long P&F columns Long P&F column display trend, there could ... Read more
