View: tradegato.com/gallery/albums/TradeGato/WatchList-02_15_18_ETFs.png

This may sound like a stupid question but what exactly is that data for ? 2/15/18

Hi Treasurehunter, 
 
This is just a watch list of several common ETF's. I intended to post the OIH chart along with it but I got side tracked. Anyway, I just posted that chart. On the chart, you can see that as price starts to decline, the background begins to turn black and as price rises the background turns green. There are some descriptions of the process on my web site. This watch list is simply borrowing some of the same algo's to turn the right most two columns either green or red (instead of green or black). The columns correspond to the 240 minute time frame (top of chart) and Daily time frame used on the chart. I think this is useful as a means of quickly knowing if any of these tickers are showing strength (or weakness) that might make it worth while to check them out on the chart. You don't have to have my chart (no one does) - use your own system. It's a huge time saver (as opposed to looking over so many charts) and goes a long way toward not missing out on potential trades. Basically, if the background on the watch list columns are red - I don't bother looking for long trades etc. 2/15/18