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Chart any Chart
As you get further into technical analysis, you find yourself wanting to produce charts to spot things that are not easily apparent in a price history. Technical Analyst’s ability to re-iteratively produce any chart of any chart is great for this. For instance most professionals look more closely at the market relative, yet few systems can carry out all the analysis on the relative as if it was the base price history. You may want to do your analysis on an RSI of a Relative Strength chart.
What is really great is that each progressive chart produced can be analysed further as if it was the base chart, without any complex manipulation. All your trend analysis will work on that chart, you can even do a Point & Figure of a moving average of a short term indicator. Once you have found a set of derived charts like this that you like, you can save them for reuse and watch them update live.
Volume
Volume adds another dimension to technical analysis and Technical Analyst has some great tools to help you factor trading volume in to your decisions. Most systems let you average the Volume, but tools such as Candle Volume and Equivolume are not so common. These charts combine price and volume movement into a very visual understanding of what volume means in each case. Positive and Negative Volume Index is available along with our unique Indexia Volume Action charts. Don’t forget of course, that as you can chart any chart, you can even carry out full technical analysis of a volume chart as if it was a price history.
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