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Gold Chart

PostPosted: Fri Jun 07, 2013 3:56 pm
by Jonflyfish
JFF's Simple daily gold chart- no subscription required :lol:

If PM's are "manipulated", I must be the manipulator. Simple, smooth as butter price transitions.
Cheers!

Image

Re: Gold Chart

PostPosted: Fri Jun 07, 2013 5:09 pm
by madman326
i dont mean to bust anyones balls, but this just looks like an acid trip i once had long ago!
wish i was more knowledgeable about charts and graphs and such..... oh well, i'll stick to star wars and beer!
cheers and beers to ALL !!!!!!!!!!!!

Re: Gold Chart

PostPosted: Fri Jun 07, 2013 5:24 pm
by mflugher
madman326 wrote:i dont mean to bust anyones balls, but this just looks like an acid trip i once had long ago!
wish i was more knowledgeable about charts and graphs and such..... oh well, i'll stick to star wars and beer!
cheers and beers to ALL !!!!!!!!!!!!



The green line appears to be a 200DMA,
the red and green bars indicate trading ranges and up/down for the day (or possibly week?),
I assume the bars on the bottom have something to do with open interest or volume not sure which.
The rest is just thrown in to look confusing :P


Seriously though a legend wouldn't hurt at all, and a crash course on how to interpret it would be really swell :D

Re: Gold Chart

PostPosted: Fri Jun 07, 2013 7:57 pm
by Jonflyfish
Sorry. Thought it was more straight forward. The price channel changes to red when violated on the downside (you can see the transition from blue in the upper left corner), indicating a new direction to the downside. When the channel is crossed to the upside, it will turn blue. Green line is a non-linear regression value. When price is above uptrend is confirmed. When below, downtrend. The white band is a price channel for other purposes. Could have left that out- sorry. Don't want to confuse. The three lines below the price chart are a volatility measure of trend. When not criss-crossed, but aligned one direction or the other simply confirms the direction. The lower histogram is based on serial dependency and is up vs down momentum. Green up, purple down. Just a simple overlay for trend analysis. Aside from price channels, all are non standard proprietary calculations but the concepts can be applied similarly as described with canned tools.

Cheers!