What is Ctabs?
Ctabs stands for Candlestick Technical Analysis Buy/Sell. The Ctabs implementation is copyrighted by igtsoft.com. The development of the system was motivated by the desire to seek technical analysis methods to increase trading performance. Many different technical analysis approaches were examined and candlestick technical analysis became a focus.
Much experimentation occurred including the use of weekly, monthly and even minute historical data; the analysis of volume; gap up/down analysis; correlation of candlestick technical analysis with other technical analysis methods such as different types of Moving Averages, Moving Average Convergence Divergence, Relative Strength Index, Money Flow Indicator, Bollinger Band Indicator, Stochastic Oscillator, to name just a few. Trend following and trend reversal methods were also explored.
Within the scope of candlestick technical analysis, various candlestick patterns and various tolerances were examined to gauge their effectiveness. By tolerances, we mean things like how big does the candlestick have to be in order to be considered a Hammer. The research and experimentation led to the Feb/2007 completion of the Ctabs algorithm which is a specific interpretation of the general candlestick technical analysis method.
Traders have different risk-reward orientations. Traders have different time horizons for their trades. Traders use different kinds of tools and resources to help with their trading. Ctabs is an effective tool which contributes to trading success for all stock market traders.
More you might like
Applicability of Stock Market Products and Services
This article provokes your thoughts on the applicability of stock market advice, products and services as it relates to your stock market trading (success).
The Candlestick Period or Timeframe
This article covers the candlestick period or timeframe and its relevance to candlestick technical analysis.
Stock Market Day Trading Experiences
This article covers day trading experiences examining what works and what doesn’t work. Many similarities exist between day-trading and short-term inter-day trading.
Hot Technology Stocks (Dec/2010)
Here are two technology stocks that picked up a lot of attention in year 2010 in contrast to one that did not.
Ranting on Stock Market Day Trading (March/2009)
This article covers my ranting on stock market day trading in the month of March/2009. Main lessons learned are listed to be remembered.
