Problem
A trading strategy used technical analysis as a critical input in the decision-making process but was limited by the number of formations, patterns, and indicators, that the traders could monitor, due to the vastness of parameters and securities.
Our Solution
We built an automated technical analysis system that can flag a variety of technical indicator signals and patterns without any human input. The signals can be displayed on a chart or exported for subsequent processing.
Impact
In addition to significantly expanding the scale of the breadth of securities and their indicators that can now be analyzed, the analyses are now more consistent than before because the subjective biases of individual analysts have been eliminated. These factors as above have significantly increased hit rates and therefore, profitability for the operation.