Why were the WH trading tools developed?

Two decades of trading has shown us that not all entries and signals work the same on all stocks, and not having a trading plan lowers your probability of success. Consistency in the analysis is critical and develops confidence in your plan, which is more important than whose trades you try to copy. Having too many different indicators does not help you trade better – it leads to more frustration.

The frustration experienced by many retail traders of not being able to take their trading to the next level, together with years of experience and development, resulted in the building of the WH suite of indicator tools to be used on any trading asset on the TradingView charting platform (https://www.tradingview.com/?aff_id=14595).

The tools were designed to provide a complete view of the trade and help build the most profitable setup. A synergistic amalgamation of proven and proprietary indicators gives users a clearer read of past trade behaviour and current market conditions.

Do I need Tradingview?

Yes you do – the tools have been built to operate on the Tradingview platform.

Do you need prior trading experience to use the tools?

Trading with tools is a learned skill. While some experience is helpful, it is not a prerequisite. It’s important to remember that no signals are foolproof and the weakest link in any trade plan or strategy is you, the trader. The tools are designed to assist you with the trigger – the ‘when’ of a trade. What strategy you employ (stock, options) is determined by the quality of the setup (the probability and the profit factor assist with that) and your risk tolerance. It is suggested that when you embark on using the tools, you should paper trade at least 20 trades to get a feel for how the signals print.

As a value-add to subscribers, we offer a Discord trading room where subscribers can ask questions and observe live trading sessions.

How do I know which tools suit my needs?

Each person’s trading style and trading goals differ according to their personal circumstances. The first step will be to ascertain your own goals and appetite for risk. What style of trading are you comfortable with? If you’re just starting out, our basic tools (Powertrend and Alpha Waves) are usually a good foundation to get familiar with our trading tools. Joining our live trading sessions (available to subscribers) and gaining more trading experience will give you a clearer idea of which strategies suit you best and therefore which tools will be most useful.

Why are moving average indicators useful?

Moving averages (MA) are used to determine the price trend of a trade – which helps determine whether to enter/exit a trade and what strategy to follow. Our tools present easy-to-follow signals and have the ability to back tested the probable outcome of your chosen strategy (across multiple MA types and combination crossovers). Signals can be derived from and plotted on any time frame for any asset (forex, crypto, stock). Additional features include squeeze signals, supports and resistance zones, and the ability to plan additional trades and measure the impact to manage your expectations. The demo chart includes momentum candles (red, yellow, and green) and divergent high and low bars (orange, purple) for visual cues for trade entry timing. The trend band isolates the price trend (green is bullish and grey is bearish). The tools work on long and short trades and any trading strategy (swing trading, day trading, futures, etc.) Our MA focused tools are Powertrend, Trendtracker, and Supertrend.

Why do traders consider the squeeze in a trade?

In trading, ‘the squeeze’ assesses the direction and momentum (timing) of a trade. Our squeeze tools present easy-to-follow signals and can back test the results of your trading strategy (across multiple squeeze related oscillators). Our squeeze focused tools are Alpha Waves and TradeNav. However, our SuperTrend tool also incorporates squeeze indicators (together with proprietary moving averages indicators). Signals can be derived from and plotted on any time frame for any asset (forex, crypto, stock). The entry criteria across the indicators can be combined to find the trade set up with the highest probability of success. The tools work on long and short trades and with any trading strategy (e.g., swing trading, day trading, futures, etc.)

What are the differences between the tools?

All the tools operate under the same pretense – find the optimum trade setup. For example, the MA tools and squeeze tools approach the setup from different, valid perspectives. Some traders are more comfortable trading on chart indicators (MA crossovers, for example) on short, intraday time frames, while the squeeze tools (oscillators) support trade timing. 

For example, the MA tools and squeeze tools approach a trade setup from different, but both valid perspectives.

Do the tools repaint?

A common problem with a lot of signals is repainting. The signals generated by the WH tools DO NOT repaint. It is recommended that a trade action be taken once the candle on which the signal is printing closes.

On what time frames can the tools be used?

The tools can be used on all timeframes and with all assets (forex, crypto, stocks).

Can the tools be used together?

Yes. Many traders use the tools as complementary and confirmatory indicators. When there is a valid signal printing within a cluster of candles, the probability for a strong or successful trade is high.

What do the graph colors mean?

The system was designed to be simple to follow:

Volatility Bands:

  • Green – bullish
  • Grey / Red – bearish

For candles:

  • Green – strong momentum (with a pink dot on top means increased momentum AND increased volume)
  • Yellow – declining momentum (if the prior color was green) and improving momentum (if the prior candle was red)
  • Red – momentum is increasing to the downside
  • Orange – a divergent high bar. Price is expected to fall within 1-5 bars
  • Purple – a divergent low bar.  Price is expected to rise within 1-5 bars.

Can the tools be used for short and long trades?

Yes – the trade tools can identify both short and long setups.