GoNoGo Charts

The Biggest Problem with Technical Analysis? Part 1: Trend Identification!

Alex Cole

Alex Cole

CEO & Chief Market Strategist, GoNoGo Charts
Tyler Wood

Tyler Wood


This is the first video in a multi-part educational series from Tyler Wood, CMT and Alex Cole, co-founders of GoNoGo Charts®.

There's a key problem that technical analysis can present to investors. In using technical analysis, our goal is to remove emotion from our decision-making. However, with a bounty of powerful indicators and tools, we quickly introduce "indicator overload" and "analysis paralysis." GoNoGo Charts® seek to capture the responsible checklist with multiple indicators but calculate the weight of the evidence in the background, so the charts remain clean, elegant and focused on price action.

This video originally premiered July 24, 2023. Click this link to watch on YouTube.

Learn more about the GoNoGo ACP plug-in with the FREE starter plug-in or the full featured plug-in pack.

Alex Cole
About the author: , CEO and Chief Market Strategist at GoNoGo Charts, is a market analyst and software developer. Over the past 15 years, Alex has led technical analysis and data visualization teams, directing both business strategy and product development of analytics tools for investment professionals. Alex has created and implemented training programs for large corporations and private clients. His teaching covers a wide breadth of Technical Analysis subjects, from introductory to advanced trading strategies. Learn More

Tyler Wood
About the author: , CMT, co-founder of GoNoGo Charts, is committed to expanding the use of data visualization tools that simplify market analysis to remove emotional bias from investment decisions. Tyler has served as Managing Director of the CMT Association for more than a decade to elevate investors’ mastery and skill in mitigating market risk and maximizing return in capital markets. He is a seasoned business executive focused on educational technology for the financial services industry. Since 2011, Tyler has presented the tools of technical analysis around the world to investment firms, regulators, exchanges, and broker-dealers. Learn More