Pre-Alerts are custom indicators designed specifically by the Market Analyser team to highlight aspects of share price and volume behavior that are likely to lead to a continuation of, or a reversal in the share price movement. These indicators have stood the test of time and have been rigorously tested to verify their performance. Pre-Alerts are exclusively available in the Platinum version of Market Analyser.
The Pre-Alerts have been performing very well lately. Looking at the Westpac chart below you can see clusters of dots at each of the turning points in the market. The dots are symbols indicating when the Pre-Alerts have occurred.
The black dots with an ‘A’ are the Accumulation indicator, showing an increase in volume which often occurs near the end of a downtrend. The grey dots with a ‘D’ are the Distribution indicator which shows strong breakouts that are accompanied by high volume. As can be seen here a reversal often eventuates soon after.
The red or green dots with a ‘C’ show the Conductor indicator. This identifies turning points as these occur in real time and can work very well to identify short term reversal points. And the symbol ‘TP’ shows reversal points in red or green identifying when a significant peak or trough forms.
The Market Analyser Pre-Alert indicators are based on a unique pattern-recognition concept that has proven to be one of the most effective charting and analysis tools available. The Pre-Alert indicators are designed to alert you to trading opportunities prior to conventional charting indicators and therefore give you a greater chance of profiting from market trends.
To apply the Pre-Alerts, select the Pre-Alert you wish to use from the Pre-Alert menu located at the top of your charts. Type in the parameters or use the default settings and click OK.
Pre-Alerts are even more powerful when combined and utilised as part of an overall trading strategy, as each Pre-Alert indicator helps assist in supporting alerts from the others. Pre-Alerts are designed to assist you in building a much clearer picture when reading the charts. There is no question that the Pre-Alerts are a superior way of assisting you to trade the market.
By Jeff Cartridge
Sign up for a free trial of Market Analyser Gold, then call us to upgrade to Platinum to view the Pre-Alerts in action!
For more on Market Analyser take a tour of the software.