TradersHuddle Technical Indicators Reference

Published on Wednesday, 01 September 2010 00:31 Written by Danny Miller

TradersHuddle Technical Analysis Model was built to meet the following objectives:

1)      Assist on stock accumulation strategies.

2)      Model is geared towards longer term horizons to buy on weakness and sell on strength

3)      Buying as close as support as possible.

4)      Identifying stocks on healthy trends.

5)      Differentiating between pullbacks and start of downtrends.

6)      Provide reliable stop loss via support analysis.

How Does It Works?

TradersHuddle scans over 6,000 stocks every day, to analyze multiple indicators that can be summarized in 4 categories:

1)      Support Signal – How close to support is the current price action. The model calculates support on a daily basis utilizing different formulas based on a  peak-and-trough analysis.

2)      TradersHuddle Oscilator – It’s a combination of multiple oscillators like RSI, CMO and Stochastics. Low Oscilator values are considered bullish.

3)      Trends Signal – Is a proprietary weighted indicator that has the basic premise to identify healthy trends and differentiate between good pullbacks and bad corrections.

4)      Momentum Signal – As it names implies accounts for momentum, as we may have an uptrend with declining momentum, which will give you an indication to tighten your stop losses.

The overall recommendation uses a weighted method to account for the 4 categories for each stock on a daily basis.

This data should only be viewed as Information Only, as TradersHuddle is not a registered financial advisor.