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 Tyler Wood, CMT
Tyler Wood, CMT, serves as Managing Director of CMT Association with the aim of elevating investors’ mastery and skill in mitigating market risk and maximizing return in capital markets through a rigorous credentialing process, professional ethics, and continuous education. He is a seasoned business executive focused on educational technology for the financial services industry. Since 2011, Tyler has presented technical analysis tools around the world to investment firms, regulators, exchanges, and broker-dealers.
Tyler is a familiar voice to many as the co-host of Fill the Gap: the official podcast of the CMT Association, and a regular guest in University classrooms through the Academic Partner Program. Tyler is also the co-founder of GoNoGo Charts, a data visualization tool that simplifies market analysis to remove emotional bias from investment decisions.
Prior to joining the CMT Association, Tyler worked in management consulting and publishing. When he is not immersed in markets, Tyler is hiking the Adirondacks with his family or playing percussion for various bands along the east coast. Tyler graduated from Macalester College and received his MBA from the Kelley School of Business at Indiana University.