S&P 500 - Simple, yet effective chart

4 Ara 2020

I think this is the simplest but most useful chart that I have for the S&P. No fancy waves or fib levels, just that most basic trend lines, linear regression channel, cRSI, and MACD.

I did add MVWAP indicator, but I have not had a lot of experience with it yet. I wanted something a bit better than the standard 21 day SMA. I set its smoothing to 42 because I am on the 3h timeframe and I wanted a 21 day average.

4 Ara 2020

Not

2:15pm update

4 Ara 2020

Not

End of day. My simple chart got a few more lines.