2. Momentum - Smooth Charts - Plus - Minus
Smooth Chart Feature Overview
Feature Description: The Smooth Chart feature is an extension of the Smooth Spread section, allowing users to visualize a different average price on a Smooth Minute Chart. By default, it typically employs a 15-period average.
Intuitive Color-Coded Momentum Indicators:
Positive Momentum: When the last price exceeds the set moving average on the Smooth Minute Chart, it is highlighted in green, indicating upward momentum.
Negative Momentum: Conversely, if the last price falls below the set moving average, the chart switches to red, suggesting downward momentum.
Multi-Time Frame Analysis: This feature offers enhanced market trend analysis by simultaneously presenting data across 15 different time frames. This comprehensive view aids in identifying and understanding market trends more effectively.
More Information on Smooth Charts -
Momentum - Smooth Charts - Plus - Minus | Settings
The Smooth Chart settings in the Online Trading Solutions Market Pulse App provide a range of customization options, enabling traders to tailor the chart displays to their individual preferences and trading strategies. Here's an overview of the customizable settings for the Smooth Chart:
1. Show Smooth Chart:
This option allows you to toggle the display of the Smooth Chart on or off. It's useful for focusing on specific chart types or decluttering the visual interface.
2. Show High/Lows:
Decide whether to include the display of high and low values on the Smooth Chart. This feature can be crucial for traders who consider price extremes in their analysis.
3. Avg (Average):
Set the desired average value for the Smooth Charts. This setting determines the length of the moving average, affecting the smoothness and responsiveness of the chart to market changes.
4. Positive Value Color:
Choose a background color for instances when the Smooth Chart indicates an upward trend. For example, a common choice for an upward trend is green, visually signaling bullish market conditions.
5. Negative Value Color:
Similarly, select a background color for when the Smooth Chart shows a downward trend. Red is often used to denote bearish conditions, providing a clear visual cue of negative market momentum.
By customizing these settings, traders can enhance their analysis and interpretation of market data using the Smooth Chart feature in Market Pulse. Tailoring aspects like average values and background colors for positive and negative trends ensures that the chart provides the most relevant and insightful information in line with individual trading approaches.