Comments on: How To Quickly Find The Best Stocks And Chart Patterns To Buy Now https://morpheustrading.com/blog/find-best-stock-chart-patterns/ Learn how to swing trade explosive growth stocks and top cryptos with a proven stock trading strategy since 2002. Wed, 06 Apr 2022 19:00:38 +0000 hourly 1 By: Deron Wagner https://morpheustrading.com/blog/find-best-stock-chart-patterns/#comment-823 Fri, 30 Nov 2012 13:13:32 +0000 http://www.morpheustrading.com/blog/?p=2318#comment-823 In reply to Abdolali Moezzi.

Hi Abdolali,

Thanks for your suggestion.

Actually, the reality is there are hundreds of different technical indicators, each of which is effective to varying degrees. It’s really just a matter of personal preference as to which technical indicators a trader learns and consistently uses. But we already have a trading strategy that really works, and is quite simple in actuality. One could literally go crazy trying to learn too many different indicators (“analysis paralysis”). Overall, the main concept behind our stock screener was just SIMPLICITY.

There are already several other technical stock screening software programs on the market that provide the ability to use custom indicators such as moving average crossovers, Bollinger Bands, MACD, etc. But with our trading software, we wanted to make it as easy as merely pushing a button to receive the best breakout setups, pullback setups, or bounces into resistance (for short selling). Nevertheless, we are continually looking for ways to improve the internal algorithm, so we appreciate your input.

Cheers,
Deron

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By: Abdolali Moezzi https://morpheustrading.com/blog/find-best-stock-chart-patterns/#comment-822 Fri, 30 Nov 2012 01:08:03 +0000 http://www.morpheustrading.com/blog/?p=2318#comment-822 It would be nice if you incorporate the effects of Bollinger Band squeeze and the short-term ma crossing the long -term ma.This is a very useful tool.Bravo!!

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