Trend identification is arguably the most important concept in technical analysis.
The GoNoGo Trend indicator helps analysts, traders, and portfolio managers understand the direction and continuity of a trend of any security within any asset class observed over any time frame. Momentum goes hand in hand with trend identification. The GoNoGo Oscillator helps the analyst understand the velocity of price change giving valuable information about the strength of a trend and the market’s conviction in it. Strong or increasing momentum provides confirmation of a trend, while decelerating momentum gives the investor a leading indication of weakness and potential reversal of a trend.
By blending objective, widely-proven statistical measurements together with the foundational principles of technical analysis, the GoNoGo Trend indicator colors the price action of any security according to the strength of its trend. Free from the clutter of many technical charts, the GoNoGo Trend indicator is easy to interpret.
The other GoNoGo indicators round out the picture by applying these concepts. The GoNoGo Squeeze highlights periods of reduced volatility. The GoNoGo Heat Maps allow you to visualize multiple securities/markets relative trends. The GoNoGo Risk indicator provides the user with an understanding of the current risk exposure.
The “Go/No-Go” terminology is borrowed from a type of pass/fail testing system often used by NASA as a launch status check. If the launch does not have the highest probability of success, it will be delayed or shut down as “No-Go.” Complex environmental factors combined with the precious cargo of human space exploration require that systems are checked in triplicate before a shuttle is “Go” for launch. In the early stages of developing these tools, that metaphor had striking similarities to the disciplined process of investing. Uncertainty in the market is unavoidable, but for every trade decision where capital is at risk, making sure you have confirmation from multiple measurements that conditions are right gives you the highest probability of success. The GoNoGo Indicators were meticulously developed over years to equip the investor with simple to read measurements about whether the market environment is a “Go” for launch in terms of an idea, strategy or investment.
Alex Cole - CEO & Chief Market Strategist
Alex Cole is a market analyst and software developer. Over the past 15 years, Alex has led technical analysis and data visualization teams, directing both business strategy and product development of analytics tools for investment professionals.
As an analyst, Alex has frequently contributed to financial news industry organizations such as Bloomberg and Benzinga. He has delivered presentations to the members of the CMT Association in the US and internationally including the 44th Annual CMT Symposium in NYC and the 2020 India Investment Summit. In addition, Alex has provided multiple workshops based on the GoNoGo Charts suite of indicators as part of the CMT’s educational webinar series.
Alex has created and implemented training programs for large corporations and for private clients. His teaching covers a wide breadth of Technical Analysis subjects from introductory to advanced trading strategies. In addition, Alex serves as the lead instructor and subject matter expert for John Wiley and Son's Efficient Learning division. Alex was responsible for creating instructor materials and video lectures for a complete educational course designed to prepare candidates for the CMT Program.
Alex earned his MA in English Literature and an MBA in Global Management from Fairleigh Dickinson University.
Tyler Wood - Chief Operating Officer
Tyler Wood is a seasoned business executive who has lead the operational and business development activities of teams large and small. As an executive manager over the past 20 years, he built and brought products to market in the educational technology space and financial services industry.
As the Managing Director of the CMT Association for over a decade, Tyler has presented the tools of technical analysis around the world to investment firms, regulators, exchanges, and broker-dealers. Galvanizing vendors, volunteers, and demanding stakeholders around a common vision, Tyler designed and implemented policies and programming that raised the standards for professional technical analysis worldwide.
Throughout his career, Tyler has managed product development, brand communications, technology, and sales teams to drive top-line revenue growth and customer satisfaction for public, private, and non-profit entities. Prior to joining the CMT Association, Tyler worked in management consulting and publishing.
Tyler graduated from Macalester College and received his MBA from the Kelley School of Business at Indiana University.