V. 21:5 (28-39): Time And Money Charts by Stuart Belknap, Ph.D.
Product Description
Time And Money Charts by Stuart Belknap, Ph.D.
Interested in a universal price display? This might be the ticket.
Whether you use indicators, automated setup and signal rules, or any other method, before opening or closing positions you probably read charts to identify patterns, interpret indicators, and apply line studies. Hence, your price display should be as helpful as possible. Your charts should clarify the development and repetition of patterns, cycles, and trends. They should accurately display relative price moves, gains, and losses. Most important, your charts should provide a functional, realtime map for trading tactics and money management.
There are, however, any number of ways to plot security price action depending on style and time frame, metrics, scaling, and calibration. Moreover, it is commonly held that individual securities have unique behaviors, requiring different indicators with different parameters at different times. Do things have to be this complicated? Maybe not.
Interested in a universal price display? This might be the ticket.
Whether you use indicators, automated setup and signal rules, or any other method, before opening or closing positions you probably read charts to identify patterns, interpret indicators, and apply line studies. Hence, your price display should be as helpful as possible. Your charts should clarify the development and repetition of patterns, cycles, and trends. They should accurately display relative price moves, gains, and losses. Most important, your charts should provide a functional, realtime map for trading tactics and money management.
There are, however, any number of ways to plot security price action depending on style and time frame, metrics, scaling, and calibration. Moreover, it is commonly held that individual securities have unique behaviors, requiring different indicators with different parameters at different times. Do things have to be this complicated? Maybe not.
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