Hello Sharky, thanks for the links and explanation. I few years ago I programmed my own techincal indicators using Tradestation. It was a very good program with a bit of a learning curve on the programming side, but the results were very impressive. One could backtest for years and see how well the indicator and trading rules provided would perform over time. Tradestation was capable of providing real time data as well. Unfortunately, Tradestation was becoming more and more expensive (from an annual fee to monthly fee) with more restrictions to the programming.

I then came across Stephen Whiteside at TheUptrend.com website. He maintains stocks and futures pricing from different exchanges and uses Tradestation produced indicators to help find short term trends. He produces 7 charts that are both used for Daily and Weekly charting. (I'm using these charts with his permission)

Below is the CLL "Daily Right Side" - the moving average bands are from Highs and Lows respectively (not closing price). This chart quickly tells you if you're on the "right" side of the trade. A couple of days ago a red dot was formed, indicating a possible change in direction.

Here is a Weekly look at CLL's Support and Resistance Lines - notice the island doji a few weeks ago (very bullish), only to have a gravestone candle last week (although gravestone candles work better on market highs)...we'll need to clear this high before we go any higher.....

Looking at the right side daily chart above we're looking flat to downward pressure......short term....

Thanks again for the links and explanation,

Booster