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TradeGuider Review
The TradeGuider stock market software was based on the Volume Spread Analysis methodology. The methodology is used in the software to perform market analysis through observing interrelationship among price, price bar spread and volume. This method is very useful in determining supply and demand imbalances.
The software is run by an artificial intelligence engine, and the ability to study different liquid market. The essential forces are displayed graphically for each market. To determine when professional money is either entering, exiting or not in use the TraderGuider stock market software uses the Paritech DataDirector or Real-time using the E-single data.
If the Expert System determines that there are possible signs of market weakness or strength, indicators are readily displayed in the chart. The colors red and green are used to determine the move of the market and also to determine the individual price.
Using the trend technology, it indicates trend direction in short term. The colors of the small diamond changes which depends on the direction of the trend. Green diamond indicates that the trend is up; white diamond indicates that trend is changing and red diamonds mean trend is down.
If there is a potential congestion for a particular period it is displayed readily on the chart. This will help the users to avoid the dangerous congestion areas. The current active trading channel are computed and displayed through its proprietary method. Though, the sensitivity of this particular feature can be changed depending on the user’s preference.
Through the important price levels, resistance and support can be easily seen. This feature as well can be changed depending on the user’s preference. Different tools were integrated in the TradeGuider stock market software to aid in decision making. Such tools are Fibonnaci Retracements, Bollinger bands, Percentage Retracements, MACD, RSI, ADX, Stochastics, DMI, Trend Lines, Channels, Pivot Points and Horizontal lines. There are also four different kinds of moving average which are exponential, weighted, simple and variable.
The markets are easily manipulated to match the user’s preference and the application provides comments on particular market activity and changes on the trend. The program can be used in an end-of-day basis or on a real-time basis.
Though, the software existed for several years now there are still features and options that remained unchanged. So it still uses old features and options that might not be usable anymore in the present time. Though, there are different indicators to choose from it still lacks some indicators which should have been added in the past.
The TradeGuider scanner however is not that impressive when in use for future markets. The documentation on the other hand is very informative and simple where in beginners will not have a hard time understanding how the software works. Another downfall of the TradeGuider is that it cannot be used for testing and write indicators which forces users to still use other software. But you cannot readily use the TradeGuider if you are not planning on testing or trading. Though, signals are up to 50% which is not that bad when comparing it to other software.
Tradeguider software may be good, but customer service is very bad.
Unless your buying the service is rubbish.
A company who are on a hard selling tour.
There is a big focus on volume-based indicators with this software, and that is very important for a number of reasons. Volume is everything if you’re a scalper, day trader, or position trader. There are millions of different indicators available these days but most of them or junk. All you need is price and volume, assuming you know what the heck you’re doing. Volume can show you pretty much everything you need to know, from support and resistance levels to institutional interest to market conviction. If you know how to ride the volume wave you can make a lot of money, and this software will definitely help in your journey.
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