This discussion on Automated Trade Signals is more advanced and not all charting packages will allow you the same settings I use.

I do not believe that the holy grail exist in terms of a fully automated trading system that do all the right buys and sells with all the appropriate StopLoss settings. That is fortunate for us smaller speculators, otherwise everyone would be able to make money with the end result that there would be nothing left to trade!

But that does not mean that we can not use an automated system to warn us (tip off) of possible trades that we can then investigate further and decide on appropriate action. Using such a system will help to track and monitor many more instruments than would otherwise be possible.

[embeddoc url="http://tradinghubonline.com/blog/wp-content/uploads/2015/09/Automated-Trade-Signals3.pdf" height="800px"]

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WEEKLY Auto Chart

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