Overcome 'analysis paralysis' by using GoNoGo indicators in Optuma
Introducing the GoNoGo indicators: eliminate analysis paralysis to keep your focus on price, without losing sight of the complete technical picture.
Learn how to create scans and tools based on the Anchored Volume-Weighted Average Price (AVWAP) tool.
A look at some of the tools to measure time and price moves.
Optuma’s scripting language allows you to create any number of scans and tests on any number of tools and values. But when we were asked if we could create a scan to identify divergences between price and a momentum indicator, such as the RSI, I wasn’t sure how this could be done.
The DVAN SmartLines module for Optuma is a suite of market tools that gives an investor access to Divergence Analysis’ 27-year moneyflow methodology.
In this second installment of the Andrews’ Pitchfork series Tim and Kyle walk through the ease at which Andrews’ Pitchfork analysis can be used in Optuma, and then proceed to share some examples of how this underutilized tool can be used in your trading.
Although the technical methodology known as Median Line Analysis as we know it today is rightly attributed to Dr. Alan Andrews, it should be known that it found its genesis hundreds of years before his time. That said, it was Andrews who brought it forward to the study of stocks, bonds, currencies, and commodities.
In this third and final article in the Andrews' Pitchfork series Tim and Kyle walk through some of the advanced pitchfork methods to create a support and resistance frequency grid in price and time.
However “real” the news may be perceived, rarely is news “breaking.” However, in light of all the annoying, repetitive press these days, I thought I’d share some good news that – as a matter of fact – is somewhat ground-breaking.
Last week I wrote about the journey I took with the Dynamic Market Profile tool and how it showed some promise as a mean reverting strategy. I performed a number of “back tests” (getting the computer to run the simulation with a model portfolio), but could never get the consistent results I was seeing by observing charts.
Optex Bands is a new tool we created to measure potential extremes away from the “consensus” price. To explain the how and why of Optex Bands, we have to first take a journey through the evolution of this tool. In this post, we cover Market Profiles and POC's.