The “Go/No-Go” terminology is borrowed from a type of pass/fail testing system often used by
NASA as a launch status check. In the early stages of developing these tools, that metaphor had striking
similarities to the disciplined process of investing.
Uncertainty in the market is unavoidable, but for every trade decision where capital is at risk, making
sure you have confirmation from multiple measurements that conditions are right gives you the highest
probability of success.
GoNoGo Trend - Trend identification is arguably the most important concept in Technical
Analysis. At the heart of GoNoGo is simple color-coded trend identification. This
identification is based on a blend of Objective, widely proven, statistical
indicators.
GoNoGo - Oscillator® - Momentum also goes hand in hand with trend
identification. GoNoGo - Oscillator helps investors understand the velocity of price change,
giving valuable information about the strength of a trend and the market’s conviction in it.
Strong or increasing momentum provides confirmation of a trend while decelerating momentum gives the
investor a leading indication of weakness and the potential for reversal.
GoNoGo Icons highlight low-risk opportunities for trend participation and alert
investors to short-term countertrend corrections with intuitive icons directly in the price action.
GoNoGo - Squeeze® Studies have shown that momentum readings are not only
useful for mean-reversion strategies but can also add insight within the trend. GoNoGo - Oscillator is
calculated so that when inputs are in neutral territory, it rests at zero. Meaning, when enthusiasm
wanes within a trending market, GoNoGo - Oscillator provides an objective point of support/resistance
for momentum at the zero line.
GoNoGo offers full integration into the award-winning MetaStock Platform.
With the GoNoGo Expert Adviser you’ll receive:
- Icon change alerts
- Crystal clear English explanations of every Trend State on every Bar
- GoNoGo Trend Identification
With the GoNoGo Explorations, you’ll be able to scan through thousands of instruments to find the
best opportunities available today.
