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Looking for a ProphetCharts Alternative? Try This Platform!

thinkorswim by TD Ameritrade recently decided to drop ProphetCharts from its trading platform.

Since its introduction in 2004, Tim Knight’s ProphetCharts has become the de facto charting solution for millions of active traders both independently and after TD Ameritrade’s acquisition. The real testament to its greatness is the fact that there have been no real improvements over the past decade, but it was still the go-to solution for any trader that was serious about technical analysis.

6 Must-Read Books for Aspiring and Expert Traders

Many book recommendations for traders focus on timeless classics, such as A Random Walk Down Wall Street or Reminiscences of a Stock Operator. While these are timeless classics that are certainly worth reading, traders may want to turn toward more technical books to gain the insights they need to profit during their day-to-day activities.

Let’s take a look at five books that can help traders of any skill level improve their skillsets.

A Practical Guide to Screening for and Trading Bullish Divergences

Most traders are familiar with oscillators, such as the relative strength index (RSI) or moving average convergence-divergence (MACD), but they may not realize that there’s more to them than waiting for them to reach the extremes.

It’s true that the RSI or MACD can alert you to overbought or oversold conditions, but the real insights come when comparing their trend to the overall price trend. These comparisons can uncover subtle changes in momentum, known as divergences, that often precede a larger trend change.

Let’s take a look at how to screen for and trade bullish divergences and boost your trading performance.

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