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Technical Indicators Basics

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This video demonstration will highlight the predictive technical indicators that are available within the TradeShark software. In addition to TradeShark’s proprietary trend forecasts and neural index, TradeShark offers users predictive technical indicators like MACD, RSI, and Stochastics.

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This video demonstration will highlight the predictive technical indicators that are available within the TradeShark software.  In addition to TradeShark’s proprietary trend forecasts and neural index, TradeShark offers users predictive technical indicators like MACD, RSI, and Stochastics.

These technical  indicators are generated using industry standard calculations, however, the difference is that technical indicators found within TradeShark, utilize the predictive data generated by TradeShark’s technology.  The predicted data is then incorporated into the indicator calculation.  This process removes lag time from each indicator, essentially changing them from lagging price driven indicators into predictive leading indicators. 

All of Tradeshark’s predictive technical indicators can be found within the indicator tray, by clicking on the dropdown titled ‘Technical’.

Here we can see TradeShark’s predicted MACD, RSI, Stochastics and also the TSI, or True Strength Index.

These indicators can then be used in conjunction with TradeSharks proprietary forecasts to get even better results with your trading.

For example, to add any technical indicators to the charting area, simply drag and drop the selection onto the chart. 

I have gone ahead and added TradeShark’s predicted MACD to this chart.   You can see that TradeShark provides a MACD moving average, as well as trigger.  As well as the MACD difference, so the difference of these two lines.  I’ll go ahead and hide the MACD difference so we can more closely focus on the individual indicator

Now you will notice that in this example, TradeShark’s standard trend forecast, started forecasting the market up on October 17th.  Additionally the MACD crossover occurred after the trading day on the 17th, if you were using a standard MACD on daily bars and candles this crossover would not have occurred until the next trading day which may have caused you to miss out on a 2% rally in the market.  This is why using leading indicators, rather than lagging indicators, can give traders a huge edge in the markets.

Additionally, traders may wish to also utilize tools like Tradeshark’s the predicted RSI, which can help traders identify overbought and oversold conditions.  You can see that tradesharks predicted RSI was giving an early warning sign of oversold conditions near the beginning of october, allowing traders to anticipate a change in trend and thus a possible trading opportunity with TradeShark.

Tradeshark users anticipating a possible trend reversal are not only prepared for the opportunity, but can trade the market with confidence since they have Tradeshark forecasting technology as well as leading indicators that can confirm the trade.

To demonstrate Tradesharks Stochastics and True Strength Index,  I’ll go ahead and open a new market.  Here on the chart for Natural Gas, we can see there has been a  huge price rally.  But let me go ahead and bring up Tradeshark predicted stochastics, which can help traders identify momentum, as well as oversold or overbought conditions.  Remember, these indicators are predictive, and therefore can offer stronger confirmations since they are leading the market.

As we can see, Tradeshark’s stochastics were warning of oversold conditions, but even before Tradeshark crossover occurred we can see the Tradeshark’s stochastics where moving strongly away from the oversold Threshhold.

Additionally Tradesharks True strength index does a great job of confirming this crossover.

On this chart, we can see just how important leading indicators are.  A day later, and a trader wouldn’t have gotten into the market until after the weekend and after this gap up had occured into the market.  Getting into the market late allows the market to eventually push against your position and possibly stop you out of a trend trade. 

This is why utilizing Tradeshark’s predictive technology is so important if you truly wish to have an edge over other traders in the market.

This concluded the introduction to TradeShark predictive technical indicators.  For additional information on Tradeshark, or to learn about Tradeshark’s other predictive indicators, be sure to visit the Tradeshark video library. Thankyou!

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