Guide to Technical Analysis Tools

by InsiderFinance Team on 05/19/2022

Automated Technical Analysis

High potential trade ideas have a much higher chance of success when supported by strong technical analysis.

Because sophisticated technical indicators are complex to understand and challenging to implement, traders need fast and accurate technical analysis software to trade confidently.

Our charting tools make technical analysis easy to understand and simple to use, resulting in highly successful trades for any asset class and satisfied traders of any skill level.

Every subscription to InsiderFinance includes access to our fully automated technical analysis system built on TradingView that takes the guesswork out of finding winning chart setups.

Complete Toolkit

Our automated technical analysis system accurately predicts when to buy & sell stocks, options, crypto, forex, and futures.

The proprietary system adjusts itself for any symbol in any asset class with impressive precision to detect optimal entries and exits. 

The foundation of our technical analysis system is using a combination of proprietary and well-known indicators from multiple sources to identify trends with unmatched accuracy.

You only receive a buy/sell signal when our high-performing indicators are in confluence.

Confluence is simply combining more than one indicator, pattern, or analysis to increase your odds of winning on a trade.

Traders gain an edge when multiple technical indicators using different price concepts from various non-correlated techniques show the same trend. 

Why is confluence important?

Historically, trades made when technical indicators are in confluence have a higher potential of working out successfully.

Finding confluence can eliminate noise when it comes to a validating signal. 

Our proprietary system is designed to give you confidence entering every trade, knowing that you already have strong technical indicators in confluence backing your position.

The technical analysis system comes with everything you need to trade faster and more confidently:

Trend Consensus

  • Each buy/sell signal is backed by an elaborate series of proven indicators that all work together to give you the most accurate predictions possible based on market trends from multiple sources.
  • The buy/sell signal is included in our 4-point confirmation system.

Risk Management

  • Three take profit levels and a stop loss level are automatically generated for each buy/sell signal.
  • The stop loss level is adjustable for risk tolerance. 

Dual Oscillators

  • Momentum and Squeeze oscillators confirm your entry and exit signals and drastically reduce false signals.
  • This is part of our 4-point confirmation system.

Multiple Trend Confirmations

  • Trend Lines, Trend Triangles, and Trend Reversal Diamonds provide multiple confirmations of the market direction.
  • These confirmations are included in our 4-point confirmation system.

Swing Signals

  • Swing signal alerts can be generated for any symbol in any asset class using instructions in this article.
  • Swing signals are also shown visually on the chart as diamonds.

Caution Candles + Dots

  • Quickly identify trend slowdowns and time the perfect exit with yellow candles and caution dots.

Support and Resistance

  • Bollinger Bands, Moving Average Clouds, and Moving Average Lines help you easily find support and resistance levels.

4-Point Confirmation System for Trade Entry

In general, the more data points that you support a trade decision, the higher the probability of success.

That’s why we designed our 4-point confirmation system to improve your chances of success on every trade. 


1. Buy/Sell Signal

  • Buy/Sell Signals are part of the INSIDERFINACE ALGO and are shown on the chart as a green B (buy) label or red S (sell) label.
  • This is the first and most important confirmation signal because many technical indicators in confluence are used to determine each signal.

2. Swing Diamond/Trend Triangles

  • Swing Diamonds and Trend Triangles are part of the INSIDERFINACE ALGO and are shown on the chart as a green (bullish) or red (bearish) diamond/triangle.
  • Seeing a Swing Diamond or Trend Triangle below a Buy/Sell signal (as in the example above) confirms the Buy/Sell signal.
  • This is the second confirmation signal you’re looking for before entering a trade.

3. Momentum Signal

  • Momentum signals are part of the INSIDERFINACE MOMENTUM indicator and are shown on the chart as a green (bullish) or red (bearish) ball, indicating the beginning of a potential bull (green) or bear (red) breakout swing.
  • This is the third confirmation signal you’re looking for before entering a trade.

4. Squeeze Signal

  • Squeeze signals are part of the INSIDERFINACE SQUEEZE indicator and are shown on the chart as a green (bullish) or red (bearish) ball above or below the histogram bars, indicating the beginning of a potential bull (green) or bear (red) trend.
  • This is the fourth confirmation signal you’re looking for before entering a trade.

You can see in the image above that all four confirmations were present before entering the trade.

The more confirmations you have before entering a trade, the greater the likelihood of success. 

However, you should still consider placing a stop loss for your trade as even the most promising trades can be impacted by market conditions.

Signs to Exit

The technical analysis system comes with everything you need to time the perfect exit:

Take Profit & Stop Loss Levels

  • Three take profit levels and a stop loss level are automatically generated for each buy/sell signal.
  • If your trade goes below the stop loss level or above any of the take profit levels, that’s typically a good time to consider taking profits or cutting your losses.

Caution Candles + Dots

  • Yellow candles and caution dots can indicate the current trend is slowing down or changing.
  • If you start to see multiple yellow candles or caution dots, that’s typically a good time to consider taking profits or cutting your losses.

Trend Changes

  • ‍Signs of an opposite trend or a change in trend are worth evaluating.
  • For example, if you’re in a long position, consider taking profits or exiting a position when you see sell signals, bear caution dots, or bear trend reversal diamonds.
  • If you’re in a short position, consider taking profits or exiting a position when you see buy signals, bull caution dots, or bull trend reversal diamonds.

Look for the above signals to determine the best time to take profits or exit a position.

Remember to stick to your trade plan and keep emotion out of the process.

Case Studies

Below are a few pictures of what the charting tool looked like for some recent winners as a reference.

Below is the 2 hour chart for MT on October 7. The chart had a buy signal, trend triangle, and diamond all aligned.

The strongest signals are one where you have the buy signal and diamond on the same bar or 1 bar apart (that's when almost all of our indicators agree on the trend).


Below is the 1 hour chart for LVS on October 8. It shows the buy signal and diamond.

You can consider taking profits when you reach a take profit level or you see a trend change (i.e. you see a sell signal in a bull trend).


Below is the 1 hour chart for ATER on September 7, which has the buy signal and diamond very close together.


Most of the examples are on 1-2 hour charts, but technical analysis system can be used for much shorter time frames too.

The same principles apply regardless of the chart time frame.

These are very big winners that took a few days to play out.

You can spot quick in and outs on much shorter time frames like 15 minutes.