V13 (575-576): PR: Time to Trade By John Sweeney

Time To Trade - By John Sweeney

Time to Trade is a complete technical analysis program that works automatically and interactively.

North Systems, home of software developer Norm North, began in 1982 as N 2 Computing at the very dawn of computerized trading. With then-partner Greg Morris, North produced a steady stream of DOS programs (Market Analyzer, Stock Analyzer, Futures Analyzer) dedicated to charting, indicators, creating your own indicators via a formulary, and even integrating fundamental data into the process. Since then, North Systems has not stood still, first with the introduction of CandlePower, pattern recognition charting that incorporates volume into the candlestick design, which is now in its fourth edition (and maybe fifth, by the time you read this). Its ability to form a trading opinion based on candlestick patterns has won a following among techies.

Most recently, North has introduced Time to Trade (TTT), a complete technical analysis program that works automatically and interactively. It analyzes stocks, indices, commodities and mutual funds. The main purpose of the program is to automatically scan through your database to find those issues that are likely to change their current price trend. This process uses the Insync index, a consensus indicator that was described in the January 1995 STOCKS & COMMODITIES. The Insync uses a summation of 10 different components, ranging from Lambert's commodity channel index, relative strength indicator (RSI) and money flow index to moving average convergence/divergence, among others. Insync, in its most effective mode, generates an entry signal once it reverses course (Figure 1). From that point on, you're on your own. Trade management and exiting are not covered in TTT; only the indicator is shown for entry purposes.