Charts - A Picture is Worth a Thousand Words
Behind every good technical analyst is a good charting package. From your charts you will be able to see price, volume, establish trends and define support and resistance.
A chart is simply a sequence of prices plotted in a form and over a time frame acceptable to the user. In statistics, charts are known as a time series plot. The vertical axis on a chart represents price while the x- axis represents the time. Charts can be used to access and forecast movement over a wide range of financial securities.
There are many styles and types of charts available. TradeWithPros utilizes a form of charting known as candlesticks. We utilize multiple time frames when analyzing securities.
The following is an example of a standard chart with multiple indicators:
