Bar Charts vs Pro Sticks

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The speaker discusses the different types of charting methods; including, line charts, bar charts, and candlestick charts.  They mention that the absence of the time and volume component in the chart make these charts less reliable and more prone to false breakouts.  Prosticks integrate price with volume and time.  These charts resemble bar and candlestick charts as it displays high, low, close, and open data.  It is not a replacement to any of the traditional charting techniques; however, it complements them by providing more informative details around each bar. 

Pro sticks displays the modal point, or the price at which the highest number of transactions took place.  This video provides an in depth explanation to what pro sticks are and how they can help a trader. 

Tim Ord
Ord Oracle

Tim Ord is a technical analyst and expert in the theories of chart analysis using price, volume, and a host of proprietary indicators as a guide...

Tradingsim.com
Day Trading Simulator

Tradingsim.com provides the ability to simulate day trading 24 hours a day from anywhere in the world. TradingSim provides tick by tick data for...

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