Forum Archive Index - May 2000

[jesse <johne777@hotmail.com>]

Oliver
spreads are daily open, high, low, close prices in a candlestick chart.
left is open, right is close, high and low obvious.  red is down day,
black is up.

bollinger/sma...Ian got it

top chart colours...as above....red down day, black up. bollinger bands
red, sma yellow/mustard...whatever.

MACD.... moving average convergence divergence.....it's an  oscillating
indicator (swings back & forth).....in a  nutshell...the interaction of
2 moving averages.

Stochastics....another oscillating indicator.....attempts to show
overbought/oversold conditions.

Williams......William J ONeill........uses a set criteria for stock
selection in chart form......eg previous days volume at least 50% > than
50 day moving average.

there are dozens more of these and plenty of site info on
charts.....such as http://www.clearstation.com. Select education at
bottom of page.
have fun

ps...oscillators best in slowor non-trending markets.
moving averages better in trending market like Nasdaq now.
jesse





Could someone please explain these charts to me - I don't understand:
   (a) what the little spreads mean and how they are displayed
   (b) Bollinger bands and SMA
   (c) in the top chart which line is which - I can't differentiate the
colours.
   (d) the bottom two graphs in the slightest.

   Cheers,
   Oliver




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