Video report footage of a new "one off" trading tool. Founder developed in typical "ground up" style, a bizarre combination of speedometer styling linked to a full blown multi-time frame analysis algorithm . Nothing in the financial markets exist in comparison that features a multiple time frame analysis capability linked to a Needle like meter. It looks like a speedometer, hence the name "Tradometer".
Unlike most other indicators, this "light bulb" idea was to have an indicator that "Predicts" the price, rather than just tell you where the price has already been. This is a Forward looking indicator, which recalculates it's outlook window with ever single tick. The time frames being analyzed range from 1 minute all the way up to 60 minute bar charts which covers weeks of data.
John developed this system to provide a simple way that an average trader could use multiple time frame analysis to their advantage. As John described, "If we do not factor in the popular time frame groups of traders, which are primarily focused on their own specific time frames, then we are in effect ignoring major market forces that will impact our trades.
If for instance one trader leans heavily on a 5 minute chart, and based his trades on that 5 minute bar chart set up, then that one trader is actually a representation of a larger group of 5 minute bar chart traders, which is a popular time frame. The cumulative impact of a popular time frame like the 5 minute chart, adds major pressure to the intraday price behavior of that instrument. So a different trader that focuses only on his daily chart, will be oblivious to the forces he's up against from the 5 minute chart group, unless he too considers the 5 minute bar chart analysis. Our trading "universe" as John puts it, should include multiple time frames, if we want our analysis to be accurate and our risk to be minumized.
What the Tradometer does is factor in all those popular times for you, and converts that analysis to a simple Needle reading. Just like a speedometer or multi-meter would. It's seems a novel idea, but also just common sense (applied to a complex algorithm).
Along side the Tradometer needle, sits 5 Textual indicators as well, which gives even further definition to the multi-time frame universe. There is a certain "cool factor" to the Tradometer, but from a monetary stand point I could see some potential here.
The signals it provides, are designed to look forward up to 2 days. Which means, Any significant signal is puts out have the potential to be a 2 day swing trade. It's nice to know that the 2 day outlook is potentially on your side, even if your only making a quick day trade.
The Tradometer, ultimately was designed for live broadcast, where a trader could simple go to the traderrobotics site and watch it, as opposed to downloading software to run on your own platform.
Still in later stage development, the future for Tradometer seems to be "pointing" in the right direction.
More details are available on site.
Video Link here http://www.traderrobotics.com/tradometer.html
Potential to be broadcast live with public accessibility is one future option on the table, according to John.
Trader Robotics is a technical analysis forecasting site based in Missouri and noted for bringing to market the first talking robotic S&P analyst, "Cybornia" , which was a live daily broadcast now off air.