US-based trading technology developer ChartIQ keeps upgrading the capabilities of Technician, the trading and charting application launched in July this year.
The latest enhancement concerns analysis, as users of Technician are now offered to make use of a comprehensive analytical toolkit: DS Essentials.
The solution represents a collection of customizable indicators that build on common analysis principles to help traders visualize trends, turning points, areas of support/resistance, and much more.
The full list includes 16 indicators, like TrendLine Pro and Volume Profile. Or one may opt for Candle Patterns, which identifies bullish and bearish instances of 17 of the most popular candlestick patterns. When a pattern is identified, the bars involved in the pattern are outlined, the region is shaded, and the name of the pattern is displayed.
Last month, ChartIQ partnered with Estimize, making a Visual Earnings Toolkit available to the users of the Technician app. The toolkit has two main purposes: to help traders see how share prices have reacted to earnings/revenue releases in the past, and to help them get a more accurate idea about what the market expects for future quarters.
To learn more about DS Essentials for Technician, click here.