My personal chart preferences
This is not financial advice, just my own chart preferences that work for me.
I like the Heikin Ashi chart the best. Each candle uses the average of the highs and lows of the candle before it to create a more well defined pattern as to the direction in which the stock is moving. The bigger the candle, the stronger the pressure is going in that candlestick's direction. Adding in a few technical indicators like the 50ema and 100ma with the MACD and CCI helps me to get conformation on whether to make a buy or sell when at least 3 of the indicators are in alignment on the 30 minute time frame. This helps me to increase the accuracy of my trades. To find the best combination of indicators that work together, it best to test things out on the paper trading system before implementing it on real trades to ensure how well it works first.
I like the Heikin Ashi chart the best. Each candle uses the average of the highs and lows of the candle before it to create a more well defined pattern as to the direction in which the stock is moving. The bigger the candle, the stronger the pressure is going in that candlestick's direction. Adding in a few technical indicators like the 50ema and 100ma with the MACD and CCI helps me to get conformation on whether to make a buy or sell when at least 3 of the indicators are in alignment on the 30 minute time frame. This helps me to increase the accuracy of my trades. To find the best combination of indicators that work together, it best to test things out on the paper trading system before implementing it on real trades to ensure how well it works first.
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Unknown VariableOP : On the smaller time frames like the 5 min to 15 min charts, I like to use the 30 ema, 50 ema, and 200 ema ( exponential moving averages) to gauge when to buy and sell. When the prices crosses above the 200 ema line and gaps up by the close of the 3rd candle, I take that as a buy signal. As long as the price remains above all 3 moving averages, I hold.. When the price closes below both the 30 and 50 ema lines, I sell. Watching and learning how the price interacts with the moving averages is one if the most valuable lessons I've learned thus far on my road to being better trader.