All-New for 2016 we are proud to announce we have incorporated the Auto Trendline Signal Analysis module into the Stock Pivot Trade Analyzer software.
The Auto Trendline Signals provide a stand-alone mechanical trading system in addition to the other signals generated by the software.
The advantages of the Signal Line Trading System Are:
- Completely mechanical – no guesswork
- Most Accurate Trendlines – completely backtested
- Visual – you see exactly what is happening on the chart as the trade sets up
- Versatile – works on daily, weekly or monthly timeframes – both Long and short
This trendline system was a year in the making and takes the software to a whole new level. The Auto Trendline system is independent of the other signals generated by the software and is designed to be a compete trading system on it’s own.
One of the best benefits is that it will keep you from buying a stock prematurely, before it’s set up properly. In our research we’ve found that most traders draw trendline incorrectly and that drawing trendlines is very subjective.
Some traders that use candlestick charts draw trendlines across the bodies of the candles and ignore some or all of the spikes on the candles. Others use OHLC charts and simply connect the highest-high or lowest-lows. All in all drawing trendline is quite subjective and you often see a chart where different traders have drawn trendlines differently.
The new Auto Trendline Analysis feature in our software is designed to eliminate both the subjectivity of drawing trendlines and incorporate a backtested algorithm that plots the correct trendline every time.
Take a look at the video on the Auto Trendline page and see how it works.
We’ll dig into the logic here in subsequent posts.