View Frequently Asked Questions.
- Charts? Why reinventing the wheel?
- Why give out free charts and service?
- What trending model are you using?
- What does the weekly chart do?
- What's is trend level?
- Why are there 3 portions on each bar?
- What is the Common Low Risk Setup Pattern?
- What is a ratio trend?
- Will there be more features added in the future?
- Why do I need to register to use the additional features?
- How often the system update the charts?
- How come the chart doesn't show up after I entered a valid ticker?
The style of the charts is original and the information provided by the model is original as well. There are many different kinds of technical analysis but this model is invented from bottom up and provides a different perspective from the traditional ones.
The number one goal of this website is to present another perspective of identifying stock trend and second to help out people who don't have much knowledge on trading but still want "Do it yourself" (DIY in short) to manage their own brokerage account. The aim of the chart is ease of use compared to other indicators such as well known technical signals like MCAD, Bollinger Bands, Elliot wave...etc.
The model was invented originally by Raymond Tsang aka. Nameless Hero. For years, he spent tremendous of time to research and develop the model. He is a software specialist and obtained his financial background from his previous job. He is a true believer of universe rules and tries to discover them and apply it on problem solving in the natural way. The model was designed based on his understanding of trading movement, psychology of traders and discovered cycles are actully lying underneath each stock and from each movement of these stocks constructs the movement of composite indices. Along the road, it is amazing that the media news are actually noise, in order words they are explaination of what happended in the past.
The model can be applied to any Stocks, ETFs and even Mutual Funds or any tradable vechicle on earth. The model was designed to capture the underneath movement of those and shows how cycles are formed.
Weekly charts produce more robust signals for middle and long term traders while it also provide insights on short term trading. Weekly trends act as a zoom out tool to revive the big picture of daily trends, same as monthly trends, to show even a bigger picture on the overall trend in terms of years.
Trend level or Risk level measures how strong the current trend is, the higher the stronger. However on the other hand, higher level incurs higher risk as well. Please refer to the school tutorial for what trend level looks like.
Each of the portion on a single bar represents short, intermediate and long term sentiment respectively. With the toppest portion represents short term traders sentiment, the middle portion represents to intermediate term investors sentiment and the bottom portion represents the long term investors sentiment. Stocks can have short term traders bullishment while bearish view from long term investors, typically this means a bounce from a long term downward trend. When all short, intermediate and long term aligned with the same color that means the price would morely like to move to the corresponding direction.
Common Low Risk Pattern is the most occurring and compelling pattern which provides low risk setup to take position.
Here are the steps to identify the pattern:
- Count the consecutive whole red bars (all LT/MT/LT shows red) for at least 8 - 10 trading days
- The trend level keep decreasing along with the red bars.
and either or both of this:
- All ST/MT/LT bars in green.
- Positive price action right before the market close if the ST trend level is zero (invisible).
Here is an example of the low risk pattern:
As you can see on Oct 23 the first green bar appeared to confirm taking a position for the anticipated rally.
Weekly signal showing similar pattern. And because of the weekly signal is a lagging but more reliable indicator, it usually comes in late. However at least we need to see this indicator where the rate of trend level decreasing slowing down or flat to be safe to consider to take any positions. Number of red bars would more likely using golden ratio to compare to the previous whole green bars.
These are most used ratios: 0.382, 0.5, 0.618.
For example we saw a continues of 12 green bars (really), we should at least wait for:
12 days * .382 = 4.6 days
12 days * .618 = 7.4 days
==> 5 to 8 trading days for the correction to end.
Timing is important.
It is used to compare two stocks to determine which one is better to hold in a particular time. Say you want exposure to gold sector, you can either hold GDX or GLD but you can maximize your gain while minimize your lost by switching between them. You can apply a ratio trend on any pair of stocks. I believe this is unique and available only on this site.
Definitely! There will be more exciting features coming and they will be unique and creative. We focus on creating useful tools for individual traders and investors.
In order to improve this website, we need to get feedbacks from you, it is more secure to have registered users to post comments and share ideas. On top of that, it is convenient to notify you of any new exciting features and for statistic purpose to measure how this site improve on contents and features. We definitely keep your information secured and not selling to other parties.
Since there are tons of charts needed to be updated and of course resources are always limited. In order to achieve the best result, trendbot will update the charts based on the following triggers:
1. 15 mins after daily market open.
2. 1 hour later after daily market close.
3. Update based on user view, charts will be updated the chart again within 5 mins after one or more user viewed.
The ticker is not in the system, please click here to send us an email about the missing ticker. It may take up to 24 hours to see the chart.