Slope of Hope Blog Posts
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I’m seriously losing track of how many features we’re adding. I think this is the seventh one in two days. Anyway, as the title suggests SlopeCharts, my pride and joy, now has On Balance Volume.
The On Balance Volume (OBV) indicator is a relatively simple SlopeCharts indicator that combines volume and price to help determine change of trend. The OBV line chart doesn’t have its own price scale. Instead, you simply need to observe the pattern of the line and how it relates to the price chart as a whole.
As strong volume accompanies rising prices, the OBV will surge higher. However, as strong volume occupies drooping prices, the OBV will push lower. The higher the volume, the more “weight” the up or down movement in price will have. The lower the volume, the less the OBV will move based on the present direction. (more…)
I’ve got well over 18,000 followers on Twitter, but most tweets might get a dozen or so “Likes”. This one seems to have touched a nerve:
Can you believe it? ANOTHER SlopeCharts improvement! What’s this – – like 6 in the past day? Anyway…….we’ve got STYLES now.
Styles in SlopeCharts allows you to save time changing the appearance of a chart. There are many different variables that go into a chart – – whether or not it updates, how frequently it updates, whether the bars are shown as candlesticks or lines, how much historical data is loaded, and so forth. Styles encompasses all of these elements:
The passive investors – – which is just about everyone at this point – – continue to reign supreme. New lifetime highs across the board, as ES completes its measured move: