Now here is the chart I would have used for GSK. I would not buy this stock at this time because it has negative rsi and it has not broken out yet.
thanks for a very informative thread HG. Has anybody used the charts from XOcharts.com? Pretty basic. However, I can't figure out how to check commodities on it. ( I need to figure out what CSV files are) checked the stocks in one of my portfolios, and almost all of them are in an uptrend. (I'll have to call him and see if he uses P&F) Now I would like to figure out how to use it to check commodities so I can check on my broker when he recommends some options I trade in. If you keep this up HG, I may be able to S.C. my broker someday.
just stumbling on this thread... tick data is the best, then intra-day, then daily high/low, then daily on close P.S. I am glad to see other people are recognizing IRT's P&F enhancements. I have been working with them for a very long time on it and I have to give them kudos for working with me and implementing features that were needed. There are still a few more things to go but I think it is hands down the best P&F software on the US market.
Hopefully, this doesn't get answered later in this thread since I am reading through from the beginning. You can have indicators and oscillators on P&F charts, the software just needs to support it. Keep in mind that certain indicators and oscillators are not useful on P&F for obvious reasons.
Here is a tip... to reproduce a renko chart...try a 2 box reversal. P.S. These are typically traded quite different than a 3 box reversal chart though.