Chart Your Way to Profits: The Online Trader's Guide to Technical Analysis with ProphetCharts, Second Edition

Appendix B. MarketMatrix

The MarketMatrix applet is a streaming quote and portfolio system that is made available on the Investools Investor Toolbox (www.investools.com). The purpose of this section is not to teach you how to use MarketMatrix but to illustrate how the portfolio management system is tied to the charting systems.

Each line in MarketMatrix displays a symbol as well as a quote for that symbol (in the case of a watch list) or a profit/loss for your position in that symbol (in the case of a portfolio). When you right-click on a symbol, a pop-up menu appears, and one of the choices offered is ProphetCharts (Figure B.1). You can select this or, for the same result, double-click that line to make a chart appear.

You are not limited to displaying just one chart on your screen. You can have multiple charts displayed, each of which can have its own properties. There does not need to be any correlation between the charts at all: they can have different symbols, different time periods, some streaming and some not streaming, and so forth. The goal is for you to get a view into the market that is helpful without being overwhelming.

You can create multiple chart instances by repeatedly invoking ProphetCharts from MarketMatrix, or you can use the clone feature (discussed in Chapter 2) to create new charts using any existing chart style. Figure B.2 illustrates how all the available chart styles appear when the down-arrow next to Clone is clicked. Choosing any of these styles will produce ...