Description
Simplertrading – Phoenix Finder Tool
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Phoenix Finder was designed to reveal hidden relative out performance in any ticker by using a formula that compares key stocks, industries, and ETFs.
When the market does not have a strong trend, it is essential to understand true relative strength (or weakness) of a stock relative to others in its sector.
Until now, quickly visualizing this relative strength was difficult to do using only individual charts.
With the Phoenix Finder Tool and Strategy Class (strategy course sold separately from indicator), it becomes clear which stocks in a sector are ready to rally and which are ready to drop like a rock.
How Do We Use It?
This indicator works best in a choppy market where stock selection is critical to realizing consistent gains.
We focus on Phoenix Finder in choppy markets to best understand money flow from relatively weak stocks and sectors to stronger ones.
With this big picture view, you can objectively measure strength of each symbol to help you choose the best of breed and put your money on the best horse in the race.
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