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TFC Commodity Trading Forum

Re: Silver ETF:SLV/""Different Chart"/Haligonian *PIC*

Here is the Silver ETF:SLV with a much "prettier" chart from Stockcharts. I do like some of their features. Especially the Elder Bars that show bullish or bearish changes in the Daily price action. They turn color from green to blue or red when the 13ema reverses direction PLUS the Histogram does not confirm a higher high or lower low. So at a glance you can see this loss or gain of momentum occur. With most charts you will see prices change from red in a downtrend to blue and then green for a change back to up short term. And then you'll see at a top price bars change from green to blue and then red as price rolls over. Very handy when viewing many charts. A picture is worth a thousand words and the color changes in the price bars tell a lot at a glance. Also the FORCE indicator measures up and down volume with price action and reading about this indicator on Stockcharts does seem to be a nice indicator for seeing momentum and positive and negative money flows all in one overlay. Just something different that's all and helpful.