GoNoGo Charts Complete
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.
About Alex Cole
Alex Cole is a market analyst and software developer. Over the past 15 years, Alex has led technical analysis and data visualization teams, directing both business strategy and product development of analytics tools for investment professionals.
As an analyst, Alex has frequently contributed to financial news industry organizations such as Bloomberg and Benzinga. He has delivered presentations to the members of the CMT Association in the US and internationally including the 44th Annual CMT Symposium in NYC and the 2020 India Investment Summit. In addition, Alex has provided multiple workshops based on the GoNoGo Charts suite of indicators as part of the CMT’s educational webinar series.
Alex has created and implemented training programs for large corporations and for private clients. His teaching covers a wide breadth of Technical Analysis subjects from introductory to advanced trading strategies. In addition, Alex serves as the lead instructor and subject matter expert for John Wiley and Son's Efficient Learning division. Alex was responsible for creating instructor materials and video lectures for a complete educational course designed to prepare candidates for the CMT Program.
Alex earned his MA in English Literature and an MBA in Global Management from Fairleigh Dickinson University.
About Thomas Wood
Thomas Wood is a professional trader with over 15 years of experience trading the markets, both personally and professionally as a hedge fund manager. He started his career at a wealth management firm, created a hedge fund at the age of 26 and eventually settled as a head trader at MicroQuant. Thomas is a partner at Base Camp Trading and specializes in helping traders simplify the markets by understanding his world-renowned price action trading strategies. Thomas also develops quantitative, behavioral, and machine learning-based trading systems.
Please review our add-on compatibility table to see which versions of MetaStock these add-ons work with.
MetaStock compatibility:please review our add-on compatibility table to see which versions of MetaStock these add-ons work with. Note that certain add-ons require internet access during installation and validation of product ownership.
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