New SharpCharts Indicator Settings + My Horizontal Line Trick
Why does Grayson Roze have so many horizontal lines on his charts? He uses them to map every trade: entry, stops, a "caution" level, targets and gain levels, all color-coded right on the chart.In this video, StockCharts Chief Strategist Grayson Roze tours the latest SharpCharts Workbench upgrades, then shares the horizontal line system he has used for years.
What you'll learn:
• How to turn on High Definition charts for sharper lines and labels
• How to pin the Workbench drawer so your settings sit right below your chart
• The new indicator settings dialog: color zones for RSI, clearly labeled MACD inputs, and a much easier setup for Pring's Know Sure Thing (KST)
• How to drag and drop to reorder indicators and overlays
• Grayson's horizontal line system for trade setups: green for entry, red for bracketed stops, orange for "caution"
• How he adapts those lines for open positions, including gray 5% gain levels and blue add/target levels
See everything new on StockCharts: Help menu - What's New, or https://stockcharts.com/new/
The AbbVie (ABBV) trade in this video is a hypothetical example for demonstration only, not a recommendation.
#StockCharts #TechnicalAnalysis #TradingTips
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Chapters:
0:00 Intro
1:34 The What's New page
2:45 High Definition (HD) charts
5:13 Pinning the Workbench drawer
7:01 The new indicator settings dialog
12:00 RSI: custom overbought and oversold colors
13:43 MACD settings, explained
14:46 Pring's Know Sure Thing (KST) made easy
15:40 Hidden settings: the SCTR rainbow background
17:12 Drag and drop to reorder indicators
18:19 The horizontal line trick: tracking trade setups
22:46 Bracketed stops with the crosshairs tool
24:10 The orange "caution" line
25:18 Tracking open positions
27:49 Gray lines for 5% gain levels
29:07 Why you need a Positions ChartList
30:13 Wrap-up
❗️DISCLAIMER
Past performance is not indicative of future results. Neither the Show Participants
nor StockCharts.com guarantee any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed on the show.
Strategies or investments discussed may fluctuate in price or value.
Investments or strategies mentioned in this show may not be suitable for you and
you should make your own independent decision regarding them. This material
does not take into account your particular investment objectives, financial situation
or needs and is not intended as recommendations appropriate for you.
You should strongly consider seeking advice from your own investment advisor
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