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| Discuss Using FCharts at the F-Chart within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi all I've been visiting this forum for a while and after seeing lots of ... |
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#1
13th April 2008, 04:26 PM
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Using FCharts
Hi all
I've been visiting this forum for a while and after seeing lots of discussion on FCharts I decided to post a message. I'm using FCharts Pro for almost 4 years now. My experience shows that the most important indicators are price and volume. Any formula that uses derived indicators such as MACD, Bollinger Bands etc. can be used, but I will stick to those which use Open, High, Low, Close and Volume. I wrote 121 stock market technical analysis articles for The India Street (www.theindiastreet.com) last year. I classified 75 stocks as bullish and several others as bearish. After a while, the success rate of the analysis turned out to be 89%. I also write a blog regarding India stock market analysis. You may find the entire list of my articles at http://vsundy.blogspot.com I concentrate mainly on support, resistance, volume, divergences, chart patterns and candlestick patterns in my analysis. I don't show too many indicators on charts since these might confuse the readers. Whichever formula that you use for market scan, these are probably the criteria one would like to apply for trading stocks. For example, if you want to scan the market for a bullish engulfing pattern, try this formula: redcandle[1] = true and greencandle = true and bodytop[1] <= bodytop and bodybase[1] >= bodybase where bodytop = close if it is green candle (Close >= Open) or bodytop = open (Close < Open) if it is a red candle. Try formulae like this. A user manual compiled by FCharts forum moderator Neil McPhee is available for purchase. It has plenty of formulae. For details please visit the FCharts forum here: http://www.spacejock.iinet.net.au/fcforum/ vsundy 
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#2
13th April 2008, 06:53 PM
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Re: Using FCharts
Hi Vsundy.. welcome to traderji.... i hope we all gain frm ur knowledge and able to grow financially and intellectully.
regards chintan
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#3
13th April 2008, 08:05 PM
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Re: Using FCharts
vsundy,
welcome to the forum. you will learn a lot and gain knowledge from this forum. thanks Srinivas
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