GoNoGo Charts

Eliminate analysis paralysis and keep your focus on Price, without losing sight of the complete technical picture

Price: $

Better Charts. Better Decisions. GoNoGo Charts.

Disciplined investing is simple, but not easy. Many traders and investors are overwhelmed by the often redundant, occasionally contradictory, and ever-complicated battery of indicators. GoNoGo Charts help investors understand the direction and continuity of price trends for any security, any asset class, across any time frame. By blending objective principles of technical analysis and the most widely used statistical measures, GoNoGo Charts remove “indicator overload.” Investors remain focused on what matters most - price - while colors of each bar or candle reflect the strength of the trend.

Financial markets can be complicated, but your charts don't have to be.

• 1. GoNoGo Trend® Trend identification is arguably the most important concept in technical analysis. By blending objective, widely proven statistical indicators together with the foundational principles of technical analysis, GoNoGo Trend® colors the price action of any security according to the strength of its trend.
  
  Free from the clutter of many technical charts, GoNoGo Trend is easy to interpret. It paints the price bars bright blue when its unique mix of inputs signal the strongest bullish environment. When slightly less bullish, the color turns to aqua. This can happen at the start of a new trend, or after bright blue bars, indicating that the trend may be weakening. The amber bars represent uncertainty, often appearing in the transition from bull trend to bear trend and vice versa. The lower intensity bearish color is pink, and the darker purple appears when the bearish trend intensifies.
• 2. GoNoGo Oscillator® Momentum goes hand in hand with trend identification. GoNoGo Oscillator® helps investors understand the velocity of price change, giving valuable information about the strength of a trend and the market's conviction in it. Strong or increasing momentum provides confirmation of a trend, while decelerating momentum gives the investor a leading indication of weakness and the potential for reversal. GoNoGo Oscillator® blends several popular momentum ideas together to provide the user with meaningful momentum analysis. As an oscillator, the indicator's values range above and below zero, from -6 to +6, with extreme positive values being considered overbought and extreme negative values, oversold. Within trend, a security's momentum may reach overbought/oversold levels, then fall back toward the zero-line, and then rally again. A break above/below zero would indicate divergent momentum - unsustainable for a healthy trend.
  
  In addition, GoNoGo Oscillator's color features a change from light blue to dark blue when volume is heavier than normal. Confirming or diverging volume readings give investors additional insight at pivotal decision points.
• 3. GoNoGo Icons GoNoGo Charts highlight low risk opportunities for trend participation and alert investors to short- term countertrend corrections with intuitive icons directly in the price action.
  
  The resurgence of momentum in the direction of the trend is an excellent entry opportunity, or the chance to scale up positions. GoNoGo Icons illuminate these events on the chart with green or red solid circles. When GoNoGo Trend is painting blue bars, a green solid circle will appear above price each time GoNoGo Oscillator finds support at zero. When GoNoGo Trend is painting purple bars, a red solid circle will appear each time GoNoGo Oscillator hits resistance at the zero-line from below.
  
  Contrarily, within a “Go” trend, a security's momentum may reach overbought levels, then fall back toward the zero-line. While in a “NoGo” trend, a security's momentum may fall to extreme oversold levels, and then cool. As the momentum calculations retreat from extreme overbought or oversold levels, GoNoGo Icons highlight the possible countertrend correction in price.
• 4. GoNoGo Squeeze® Studies have shown that momentum readings are not only useful for mean-reversion strategies but can also add insight within trend. GoNoGo Oscillator is calculated so that when inputs are in neutral territory, it rests at zero. Meaning, when enthusiasm wanes within a trending market, GoNoGo Oscillator® provides an objective point of support/resistance for momentum at the zero line.
  
  Where there is no excessive buying or selling, price action stagnates, volatility declines, markets move sideways, and GoNoGo Oscillator® rests at the zero line. This volatility compression is highlighted by GoNoGo Squeeze®. A visual grid in the oscillator panel climbs as momentum remains neutral reaching extremes with prolonged reduction in volatility. Like a coiled spring, researchers have shown that following these stalemates between buyers and sellers, a breakout can be expected.

NEW! Scanning For GoNoGo Conditions Takes Your Research To New Heights

 About GoNoGo Charts

Tomes have been written on trend following investment strategies and the persistent anomaly of momentum. Buying strength, buying breakouts, momentum trading, are all ways to describe this style. While simple, this style is not easy. Emotions supplant the rules of most human investors forcing them to cut winners too early, while averaging down losing trades.

GoNoGo Charts were meticulously developed over many years with input from the world's top institutional portfolio managers, traders, and analysts to equip professional investors with simple to read measurements about whether the market environment is a “Go” for launch in terms of an idea, strategy or investment. Now available to self- directed investors for the first time, GoNoGo Charts is revolutionizing the way investors see the markets.

The “Go/No-Go” terminology is borrowed from a type of pass/fail testing system often used by NASA as a launch status check. In the early stages of developing these tools, that metaphor had striking similarities to the disciplined process of investing.

Uncertainty in the market is unavoidable, but for every trade decision where capital is at risk, making sure you have confirmation from multiple measurements that conditions are right gives you the highest probability of success.

 About Plug-Ins

With exclusive plug-ins from a wide variety of renowned indicator creators, technical experts and charting legends, we've partnered with the industry's best to bring you even more charting power on StockCharts. By installing any of our unique plug-ins, you can instantly enhance your StockCharts experience with additional indicators, overlays, chart customizations and more.

Please note: the "GoNoGo Charts" plug-in is refundable only within the first 10 days of your purchase. After 10 days, all plug-in purchases are non-refundable.

 How It Works

To install any of our free plug-ins, simply log in to your account, click the install button up above and the plug-in will be instantly added to your StockCharts experience. The next time you visit the site, you'll find the contents of your new plug-in right there waiting for you.

For any of our for-purchase plug-ins, the process works in a very similar fashion. When you click the "Buy Now" button, a checkout window will pop up on top of the page. Follow the payment steps there to purchase the plug-in, and it will be automatically installed into your account as soon as your checkout is complete.

 About StockChartsACP

StockChartsACP is our new interactive Advanced Charting Platform. With a feature-rich experience that integrates seamlessly with the entire StockCharts toolkit, ACP is designed to empower YOU - the modern investor. Create advanced technical charts with ease, choosing from dozens of indicators, overlays, display settings and color schemes. Configure and store customizable layouts with multiple charts on your screen at once. With an ultra-dynamic, highly-flexible charting experience, ACP is designed to redefine the way that you see and analyze the financial markets, with more technical tools and capabilities than ever before.

Click Here to learn more about ACP