TC2007 Charting Software Training
TechniTrader® specializes in TC2007 Charting Software Training. Our training teaches you how to create scans, personal criteria formulas, and how to interpret Worden's Proprietary Indicators: Balance of Power, MoneyStream, and Time Segmented Volume with a new approach that makes learning TC2007 easy and rewarding.
Watch our online Lessons!
TC2007 is the preferred charting program for Martha Stokes C.M.T. to teach her new students to analyze stock charts.
TC2007 Copyright 2009 provided courtesy of Worden Brothers, Inc.
Martha Stokes C.M.T. designs and creates custom scans, chart templates, indicator settings, and PCF's to help her students get more out of TC2007 and have a much higher success in trading or investing.
Balance of Power Training
It is estimated that institutions, mutual funds and large investors now constitute more than 80 percent of the market daily activity. Therefore it is critical that you learn to use an indicator that tracks institutional traders AND institutional investors. One of the best indicators for this is Balance of Power. It is easy to interpret and can save traders and investors from many untimely buys. It also helps in signaling an early warning to sell.
With the elimination of the Rule of 3, funds managers are now aggressively short term trading and hedging. As a trader you need to be able to track the professional traders action.
Below is a chart showing institutional trader activity
TC2007 Copyright 2009 provided courtesy of Worden Brothers, Inc.
Below is a chart showing quiet accumulation BOP patterns.
TC2007 Copyright 2009 provided courtesy of Worden Brothers, Inc.
Time Segmented Volume Training
Time Segmented Volume is a unique momentum oscillator. While most oscillators simply indicate overbought or oversold conditions, TSV indicates accumulation and distribution.
TSV is a line indicator with a center bar instead of the normal high and low bars to indicate overbought or oversold.
The center line delineates between accumulation and distribution.
Below the center line is distribution or large lot selling and above the center line is accumulation or large lot buying.
To further enhance TSV as a leading indicator, TechniTrader® uses Rate of Change as a sub-indicator to TSV. The two lines offer a graphic and easy-to-see indication of divergences and convergences that help signal earlier entries.
his is a more difficult combination indicator for students to learn to interpret so do not get discouraged if it takes you some time to understand.
It is, however, well worth the effort as it can get you into stocks prior to major moves and gap ups.
TC2007 Copyright 2009 provided courtesy of Worden Brothers, Inc.
TC2007 Copyright 2009 provided courtesy of Worden Brothers, Inc.
MoneyStream Training
MoneyStream is an indicator that tracks money flow in and out of a stock. When the MoneyStream indicator line is rising, money is flowing into the stock. When the line is dropping money is flowing out of the stock. The angle of the line tells you the rate of flow.
TC2007 Copyright 2009 provided courtesy of Worden Brothers, Inc.
MoneyStream can be used in most market conditions and can expose institutional trader activity early on.
TC2007 Copyright 2009 provided courtesy of Worden Brothers, Inc.
Chart Layout Training
Setting up your charting program for the first time or to modify one for a new trading style can be intimidating to the novice trader. TechniTrader® makes it easy by providing Chart Layouts in a variety of timelines, chart settings, and formats.
From long term views to short term.
TC2007 Copyright 2009 provided courtesy of Worden Brothers, Inc.
TC2007 Copyright 2009 provided courtesy of Worden Brothers, Inc.
Having a set of chart layouts designed specifically for your trading style saves you time and energy and makes chart analysis fun again.
Personal Criteria Formula Training
PCF's are easy to create using Worden Charting Software. These formulas allow you to customize your scans to precisely the stocks you want to study.
TechniTrader® also writes PCF's for scans that are provided to students with TechniTrader® Courses.
Chart Analysis Training
TechniTrader® offers the best chart analysis training for new traders to professional level traders. We cover topics such as Angle of Ascent, Quiet Accumulation Patterns, Trendline Patterns, Support and Resistance Levels Analysis, Historical Chart patterns, compression patterns and more.
Our training is created by Martha Stokes C.M.T. an acknowledged expert in the field of technical analysis.
COMPQX Intermediate Term Correction Starting in April and ending in August. Note the short term adjustments represented as bounces whenever the intermediate term trend's angle of descent became too steep. The short term maintains the balance as the intermediate term corrects the long term trendline. The short term also adjusts the trend upward after the bottom was formed.
TC2007 Copyright 2009 provided courtesy of Worden Brothers, Inc.