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Determining Big Move Potential
When analyzing prospective trades, we want to select the trades that have the highest potential for gains. Nirvana Systems has done extensive research to determine likely short-term profits. One of the factors we have discovered is the fact that the size of a pullback against the trend often leads to bigger gains. This led us to create the Snap Analyzer.
The Snap Analyzer allows users to explore a securities likelihood to “snap back” on string pullbacks in an otherwise strong trend. This analysis is conducive to most trading approaches, but it is particularly effective for short-term swing trades.
Technical Analysis Topic: The Momentum Indicator
Most traders look to take advantage of a securities momentum. The concept being that they can realize profits from the continuation of momentum. One of the most common indicators used to measure momentum on the aptly titled Momentum Indicator.
The Momentum Indicator is one of many indicators in the Momentum Class (CCI, RSI, Williams %R, etc.) that are all designed to measure momentum. It is considered a leading (predictive) indicator as it uses the difference of the current price and the price n periods ago in order to determine overbought and oversold levels. Longer term periods can be used in the indicator calculation in order to determine momentum strength or weakness.
Stocks To Watch with: The Snap Analyzer
The Concept Behind the "Snapback"
Additional Qualifying Factors
Confirming Trades with the Snapback Module
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What is Market Pulse Dot Live (MPL)?
MPL is complementary content about trading the current market with some technical analysis education too.
A typical show covers the following topics:
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Join us every Monday and Wednesday at 5:30pm EST.
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Nirvana Systems has been creating Trading software since the 1990's. Nirvana was founded on the concept of automated trading, our CEO, Ed Downs, fell in love with the potential profits offered by the markets but quickly realized that emotions were getting in the way of success and it was too difficult to find good candidates. Nirvana Systems has been creating software that automates Trading ever since.
In our experience, traders using chart analysis are often looking for short-term profits, a Snapback move, andrelish tools that determine when these Snapback moves can occur.