I think the Webotron Stocks Trend Advisor (map) is a very cool software feature for every technical trader. And the best of all, it does the job totally automaticually.
So if you want to see the up and down trends more clear on your stock price chart just switch the Trend Map on by clicking on the “Trends” checkbox above the chart.
The RED areas show us the DOWN TRENDS. The BLUE areas show us the UP TRENDS. The areas without a colors are No Man’s Land.
Daily and Weekly Charts
You can see two Oracle (ORCL) price charts. The first stock chart above this text is a daily chart and the other one is the weekly chart of the same symbol.
What we realize is that the chart with the higher timeframe (weekly) shows us more stable trends. The rule: The higher the timeframe the higher the probability to predict a stable trend.
How can we use the Trend Advisor Map?
First of all, the map gives us a first view about the exsiting trend. If a friend asks you: “Hey Dude how is the trend today?” open the chart, activate the stock trend map, give him the calculated quick global answer. “Oh big Mike, the uptrend turned to a downtrend.”
But you also could go deeper into the prediction and add another opinion to the Stock Trend. Just add a trading system to the chart. Now you can say to your friend: “Ok, big Mike the uptrend turns to a downtrend, but I am not sure, if the downtrend is very strong, because the Exponential Average Trading System which I added to the chart shows us a BUY signal a bar before the downtrend area started. That could be a sign of a hard fight between the Bears and the Bulls. Lay back. Better to stay out of this trade.
ATTENTION! READ THIS DISCLAIMER
The information expressed on this pages is based upon the interpretation of available data. The data being presented was obtained or derived from sources believed to be accurate, but Webotron can not and does not guarantee the accuracy of these sources which may be incomplete and or condensed. The data and information presented is provided for informational purposes only, and is not offered as a basis for trading in securities nor is it offered for that purpose. Users of the Service should conduct their own independent investigation before making any investment or business decisions with respect to securities covered by the Service. Neither Webotron nor any of its data or content providers shall be liable for any errors in the information or delays in its delivery, or for any action taken in reliance thereon. Nothing contained herein should be construed as a recommendation to buy or sell any securities.
Keep in mind: “There is risk of loss in all trading!”
How is the trend calculated? Is it back calculated meaning it appears for prior days after a new trend has been established or does it change on the day that a reversal is calculated by some formula?
Trend for me is interesting, but I trade within the trendlines (5-7 day short term trades) to make it very usefull.
Profitable trading,
Matt
Hi Matt,
the trend advisor map is always calculated for the current bar, no delay! If the current bar starts the trend, the trend starts. No way back!
I think you are right, using the elementary analysis methods like trend (map), trendlines and resistance/support could be very powerful. They are always my first choice.
Tons of Luck, Dario
How do I import symbol list from my text file ???
I have tried many times but Webotron kept saying Wrong file format ??
what is wrong and how do I correct it so I can import list , thank you.
(my file format is .txt)
Hi Cathy,
a symbol list must be a .txt file and look like this.
CSCO
AAPL
MSFT
One symbol per line.
Write me an email if you have still problems.
This is fantastic! How did you learn the subject when you were a newcomer to it?
Dear Sir,
I downloaded weborton Stock. I want to ad some symbols such as S&P 500,YM,Euro,Crude Oil,Gold and Silver.
I downloaded a symbols file which is in Text format.But when I try to imprt, error comes ” The Text file is not correct”
Please help me in this matter.
Regards
Shami