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A channel can be a helpful guide to visualize support and resistance. MarketSmith includes a comprehensive set of markup tools, with one of the options being a set of parallel lines (a.k.a. channel).

In the short video that follows, I’ll show you where to locate the markup tools as well as how to configure a channel on the Nasdaq composite.

It’s worthing noting, when you use a markup tool, anything you draw on screen will be saved. For example, if you markup a chart with a channel, when leave to view a different symbol, upon return, the channel will be restored. Pretty cool, huh?

I previously wrote an article about the RS Line: RS Line vs RS Rating – What’s the Difference? I explained the basics of the RS Line and the information it represents. What I didn’t cover are examples showing how to best put the RS Line to use - that’s where this post comes in.

As a quick review, the RS Line plots the performance of a stock versus the S&P 500. For example, if the S&P 500 is declining, and at the same time a stock is rising, that stock’s RS Line would trend up.

If you run multiple screens in MarketSmith on a regular basis, you may find it helpful to combine the output into one list. An added benefit is that merging lists will also eliminate duplicates, saving you time.

The short video that follows shows how to merge the output from two of my custom screens.