What does the Ctabs historical analysis tell you?
A stock's past performance is no guarantee of its future performance. True enough.
The Ctabs algorithm was developed using historical data for numerous stocks. The continued use of historical data is important for the Ctabs software. Moreover, historical data also provides benefits for the trader.
The Ctabs chart shows up to 2 years of historical data along with past Ctabs action commentary. From this, the trader is able to peer into the past to examine prior candlestick patterns and corresponding action commentary. With this, the trader can assess the success/failure of previous candlestick patterns with respect to tracking the trend. Even without the Ctabs analysis, the candlestick chart with historical depth provides a basic overall view of the stock performance in the past.
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