Two important charting tools that are used as confirmation as entry and exit points are high and low warning alarms. When you find a stock generating bullish signals, you may find that it has repeatedly reversed after reaching a certain price. This is known as a resistance line. This will be a routine occurrence in your analysis despite other positive signals that you may find. What you want to see is that stock break through this resistance level and close higher than any previous highs, confirming a new uptrend. If you have a large watchlist, it can be time consuming to see what each individual stock is doing. To make this easier to manage you can use Chart Set Alarms. While viewing a chart click in the high or low box.

Establish the resistance level and set your high alarm on the high price.To do this click once on the chart. If the price closes above this level, it will show you the alarm on the Home Page when you log in.

Click on the Save button in the top left hand corner to save the high alarm. Close the chart and return to the Home Page. You will see the high alarm in the Chart Set Alarms when it triggers. Below you can see an alarm for IDL in the chart set alarms.If you have a high alarm on a stock in your portfolio you will see these trigger in the Long or Short Trades summary.

Alarms on stocks you own are usually set up when you purchase the stock. You can create or edit these at a later time if you wish. On the Portfolio page click on FSL and Alarms. You can then click on Edit on your Portfolio Held Stocks and change the alarms.

In the same way you set a high alarm, you can also set a low alarm. A low alarm is very useful to bring the start of a downtrend to your attention before other indicators signal that this stock is a sell.