Charts are used to analyze market data in order to pinpoint optimum entry and exit points for trades. There are many kinds of trading charts, such as candlesticks, point and figure, bar charts, line charts, and market profile. Charts are used in the technical analysis of markets.
Technical Analysis forecasts the future financial price movements of instruments based on an examination of past price movements and can help investors anticipate what is “likely” to happen to prices over time.
Pilot, does not use traditional charts to display market data. Instead, market data is interpreted and presented in three key gauges:
- Opportunity Strength
- Sentiment Spectrum
- Signal Strength