Blackboxstocks adds GoNoGo Trend Indicator for real-time insights into stock momentum
“GoNoGo Charts seeks to equip every trader with a responsible checklist that actively reduces the clutter and indecision from their charts.”
Blackboxstocks is set to bolster its offerings through a strategic integration. The provider of real-time proprietary analytics for stock and options traders has announced its partnership with GoNoGo Charts, a revolutionary player in the field of analytical tools for investors.
This collaboration introduces the GoNoGo Trend Indicator into the Blackbox platform, empowering traders of all levels with enhanced real-time insights into stock momentum.
The GoNoGo Trend Indicator, available via the ChartIQ Technical Analysis solution, part of S&P Global Market Intelligence, is a potent tool that’s set to transform the way traders perceive and act upon market trends.
At its core, the GoNoGo chart utilizes color-coded price bars to decipher the direction and strength of price movements. When combined with Blackbox’s proprietary algorithm-driven alert system, this integration promises Blackbox users a unique advantage in tracking and understanding the real-time momentum of stocks.
“The equivalent of putting Blackbox on digital steroids”
Gust Kepler, CEO of Blackboxstocks, commented: ”AI has been the predominate market buzzword in 2023, but we have been harnessing the power of AI and predictive analytics since we launched our platform in 2016. Our system has been proven to consistently find the most volatile stocks with breakout potential and alerts our users to the biggest market movers in real-time. We’re excited about combining our analytics with the powerful and highly complementary GoNoGo trend indicator, which is the equivalent of putting Blackbox on digital steroids.”
GoNoGo Charts co-founders Alex Cole and Tyler Wood, CMT, and CEO and COO, respectively, added: “Some of the world’s foremost fund managers taught us that it is essential to develop a process. Using the same checklist or rules by which you determine position entry and exit creates a repeatable discipline that helps avoid behavioral pitfalls. Those same investors rely on a combination of many different indicators for a robust ‘weight of the evidence’ perspective. While that is powerful, we think that the complexity of a price chart can lead to ‘Analysis Paralysis’, in that too many components on the chart can obscure price action – our most important indicator of all!
“GoNoGo Charts seeks to equip every trader with a responsible checklist that actively reduces the clutter and indecision from their charts. Working with the Blackbox team to implement GoNoGo Trend directly into their default settings has been really powerful. Together, we believe that we’re able to help the whole community separate signals from noise and gain a clear picture of trend while keeping the focus on price.”
This collaboration aims to equip traders with a powerful toolkit that not only streamlines decision-making but also helps separate signals from noise. By integrating GoNoGo Trend directly into their default settings, Blackboxstocks ensures that traders can gain a clearer perspective on trend while maintaining their focus on price action.
The fusion of AI-driven analytics and the GoNoGo Trend Indicator holds the promise of a more efficient and informed trading experience. As the trading landscape continues to evolve, this partnership stands as a testament to Blackbox’s commitment to providing its users with cutting-edge tools and insights.