This is the third video in a multi-part educational series from Tyler Wood, CMT and Alex Cole, co-founders of GoNoGo Charts®.
Momentum is the next step for technical analysts after identifying trend. This video will help traders, analysts, and investors understand how momentum studies are calculated and what they seek to provide. Alex and Tyler discuss the concept of confirmation and divergence with respect to price action. Equally important, they describe how many of the traditional oscillators are designed to highlight overbought and oversold conditions in market activity but can leave a lot up to interpretation. Everyone should understand the concept of momentum indicators, but also how a blended approach to multiple oscillators can alleviate analysis paralysis and indicator overload.
This video originally premiered August 7, 2023. Click this link to watch on YouTube.
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About the author:
Alex Cole, 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.
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About the author:
Tyler Wood, 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.
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