Time and Chart
FreeStockCharts.com Chart Set-up
Note: Thanks to Alan Profitt, a member of MHT, for providing the text for this paper.
FSC offers PVT and MFI indicators along with a beautiful chart to help you in MHT. SAY AGAIN?
Freestockcharts.com (FSC) by Worden offers, not only a beautiful chart with very good indicators (almost more than you can comprehend), but it really is free. In the Morning Hours Trading (MHT) chat room you will hear many refer to an indicator only on FSC. It is Price Volume Trend (PVT). Money Flow Index (MFI) is a more common indicator available on many other sites. This discussion is to help you set up FSC and become familiar with how to use PVT and MFI.
After logging in to Freestockcharts.com, you will see a very nice chart. Something like this.
Please note the arrow pointing to “settings” (#1). By clicking on it, you can change plot styles, color, etc. I have set candlesticks red and green. Many other options are available for whatever your desires. The arrow pointing to “Price History” (#2) allows you to adjust the price presentation on the chart. Just above the stock symbol and “Add Indicator” (#3) buttons is a button called “Draw” (#4). By clicking on it you can add many favorite trader activities such as Fibonacci lines, pivot points etc. to the main chart. You will notice the yellow horizontal line (#5) on the chart which is yesterday’s closing price.
Just to the left of “settings”, on the same line you will see a small down arrow which you can click to change time frame of the chart, i.e., 1 min 5 min etc. (#6).
On the same line again left of the time frame selector is the “Add Indicator” button (#7). Here is where you add what I feel is the best part of FSC. You will find Price Volume Trend listed alphabetically on the drop
down list.
Clicking on it adds the new chart as shown below with MFI added. On this chart you will see that it is the yellow line. (To change colors click on the words “Price Volume Trend”
Note: Thanks to Alan Profitt, a member of MHT, for providing the text for this paper.
FSC offers PVT and MFI indicators along with a beautiful chart to help you in MHT. SAY AGAIN?
Freestockcharts.com (FSC) by Worden offers, not only a beautiful chart with very good indicators (almost more than you can comprehend), but it really is free. In the Morning Hours Trading (MHT) chat room you will hear many refer to an indicator only on FSC. It is Price Volume Trend (PVT). Money Flow Index (MFI) is a more common indicator available on many other sites. This discussion is to help you set up FSC and become familiar with how to use PVT and MFI.
After logging in to Freestockcharts.com, you will see a very nice chart. Something like this.
Please note the arrow pointing to “settings” (#1). By clicking on it, you can change plot styles, color, etc. I have set candlesticks red and green. Many other options are available for whatever your desires. The arrow pointing to “Price History” (#2) allows you to adjust the price presentation on the chart. Just above the stock symbol and “Add Indicator” (#3) buttons is a button called “Draw” (#4). By clicking on it you can add many favorite trader activities such as Fibonacci lines, pivot points etc. to the main chart. You will notice the yellow horizontal line (#5) on the chart which is yesterday’s closing price.
Just to the left of “settings”, on the same line you will see a small down arrow which you can click to change time frame of the chart, i.e., 1 min 5 min etc. (#6).
On the same line again left of the time frame selector is the “Add Indicator” button (#7). Here is where you add what I feel is the best part of FSC. You will find Price Volume Trend listed alphabetically on the drop
down list.
Clicking on it adds the new chart as shown below with MFI added. On this chart you will see that it is the yellow line. (To change colors click on the words “Price Volume Trend”