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StockCharts Vs Finviz

Tuesday, September 16, 2014 5:02

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Not really a competition between charts, it comes down to how a chart is used. I have been guilty of indicator overload numerous times before. But I am a fan of using some sort of a moving average in combination with an indicator that can depict momentum. Below stockchart is using Percentage Price Oscillator (PPO) MA 50, 200 and EMA 60, the same Finviz chart below is without indicators but is showing the same information; it may be of use to some to have a reminder of where significant price points are located on their charts, these areas of significance may be the difference between entering a winning or losing position or deciding to sit it out until price moves and trends in a specific direction.

I’m a firm believer that more money can be made if it is saved first by not trading in areas that have lease probable success for your method. Easier said than done… yes. By nature we look at our charts to find a trade to make money, most retail traders are unable to make money in multiple types of markets for a consistent amount of time.

Find your nich, the best trades possible to take and only the best trades.

StockCharts.com

Finviz.com

Source: http://www.trincafe.com/2014/09/stockcharts-vs-finviz.html

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