Hi @never2old The price levels (blue lines) are generated nightly and are posted on the site PRIOR to market open, and are never changed once they're made available. These price levels are all generated daily for every stock it has in its universe (currently a count of 500'ish, mainly SP500 securities with a few ETFs). If you're a day-trader and you think a stock is overbought during a trading session, and are looking for a good price for a short entry, you should take a look at the price levels the AI has generated. Similarly, if you believe a stock is oversold and are looking for a price to go long, you should look at the AI's price levels. We have lots of examples posted to our Twitter throughout the day (www.twitter.com/ALGOV9) and in my signature there's details for a free 5 day trial (no CC required!). Poke around at some charts and you'll most likely get a feel for how it can be used in your day-trading. An example of a trade I made today -- entered a short in the red diamond area, took some profits in at the first green circle, then ended up getting stopped out in the rest of my position for the remainder of my shares (just had a stop-loss set as I was AFK, was hoping it'd fall further in the afternoon). When I initially entered my short, GRUB was up 5%. (As an FYI, I'm a relatively "noob" trader still learning, but having these price levels simplifies finding good entry and exit targets for me which I imagine it would for a lot of traders out there). Hope this explanation helps!
what evidence is there of these levels having any edge? have you got a whitepaper with some backtested results?
@ALGOV9, appreciate you starting this thread, your dialog, responses & expaination. I'll leave it at that.
Hi @cruisecontrol Sorry for the delayed response. We don't have any published whitepapers, but we do publish broader market demos fairly often for hedge funds/trading desks as a sales tactic. Take a look at my post history here on ET -- some have included links for demo samples (should be 50+ stocks in each) so you can visually see the significance and accuracy of the price levels. They're basically just stocks selected randomly from within our universe, with our AI's price levels plotted atop the market data. We make it a point to emphasize that the price levels are always published and available before market open. Hope this helps!