Using stock charts is a great way to keep track of financial investments. It helps traders make better and more informed decisions. Stock charts provide valuable information that traders can use to gain an edge in the market. But did you know that there are many hidden features of stock charts that can help you reach your financial goals even more effectively?
In this article, we’ll take a look at the top ten hidden features of stock charts. By leveraging the power of these features, you can improve your trading abilities even further.
Feature #6: Color Programing
Color programing allows you to utilize different colors to represent various values in a stock chart. For example, green may represent a positive value whereas red may represent a negative value. By using color programing, you can quickly and easily identify trends and be aware of any imminent price changes.
Feature #7: Technical Indicators
Technical indicators are used to evaluate the patterns and trends in a stock chart. These indicators provide useful insights that you can use to make informed decisions. Some of the most popular technical indicators used in stock charting are moving averages, relative strength index (RSI), moving average convergence divergence (MACD) and other oscillators.
Feature #8: Annotation
Annotation is a helpful feature which allows you to highlight or make notes on specific points in a stock chart. This feature is essential for traders that need to remember the specific information that a chart reveals.
Feature #9: Chart Watchlist
A chart watchlist is a list of stocks that a trader has chosen to follow closely. You can quickly and easily monitor the performance of these stocks with the help of a chart watchlist. This helps traders get a better understanding of the trends in the market and make wiser decisions when trading.
Feature #10: Multiple Chart View
Multiple chart view allows users to view multiple charts at the same time. This feature is important for traders that need to keep an eye on more than one stock or currency. With multiple chart view, traders can have a better overview of the entire market.
These are the top ten hidden features of stock charts. Utilizing these features can help traders make better decisions and reach their financial goals. Leverage the power of these features and take your trading to the next level.