Interpreting Proprietary Indicators
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With a fascinating history of Worden Brothers and TC2000, Peter Worden introduces the development and constitution of the proprietary indicators MoneyStream, Balance of Power and Time Segmented Volume. Rising from Don Worden’s early analysis of ‘tick volume’, these indicators have become key in sniffing out ‘hidden’ buying and selling. The key role of systematic accumulation and distribution most often applied by institutions can be critical for retail trader’s stock selection decisions. Focusing on the power of these indicators to contradict price (divergence) Peter shows you how to interpret the key signals these indicators give in price movement. Using real chart examples, Peter shows how he uses the proprietary indicators in his daily trading.
What You'll Learn:
- Optimal parameters for setting up the Worden proprietary indicators
- The role of simplicity as a foundation for good chart analysis
- Why it's important to look at multiple time frames for interpreting the proprietary indicators
- The nature of each of these indicators and what they do best
- How to distinguish between charts that are really saying something and those that are not
- When are the indicators confirming and when do they become leading
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