How To Use MarketClub's Trade Triangles

Know exactly when to get in and out of the market! The Trade Triangles are MarketClub's proprietary indicators. This system uses a variety of timing thresholds to produce signals on three charting timeframes. By confirming trends on more than one time frame, you are putting the mathematical odds in your favor that you will be on the winning side of that swing.

The Trade Triangle algorithm is comprised of weighted factors that include, but are not limited to price change, percentage change, moving averages, and new highs/lows. It is not intended to catch tops and bottoms, but instead, identifies the majority of a swing trend. The Triangles will always be produced regardless of trend strength, but they are best used when you have a significant trend in place. You can use the Chart Analysis Score or other technical analysis studies to ensure the trend strength is appropriate for trading.

Green Triangles suggest positive trends
Red Triangles suggest negative trends

Below is a video tutorial, as well as the most frequently asked questions and answers to help you get the most out of the Trade Triangles.

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FAQs
How do I use the Trade Triangles?
How do I add and remove the Trade Triangles from my charts?
When are the Trade Triangles issued?
When I have my Trade Triangles on my charts, what do the numbers in the grey box represent?
How do I find recent Trade Triangles?
What does the yellow box around certain Trade Triangles indicate?

How do I use the Trade Triangles?

Below are some suggested methods for incorporating the Trade Triangles into your own trading strategy.

For LONG-TERM traders:

Generally recommended for Equities, ETFs, Mutual Funds, and Indices.

Monthly Trade Triangles determine trend and possible entry points and exit points.

The last Monthly Trade Triangle issued should be used to identify the overall trend. If the Monthly Trade Triangle is green, you can use it as a potential entry point to a long position. You would then use the next red Monthly Trade Triangle as your potential exit point. If you were employing a "stop and reverse" type method, you could also use this red Monthly Triangle as a potential entry to a short position.

Always trade with the trend and use appropriate money management. You can use the Chart Analysis Score in addition to other technical analysis studies to ensure the trend strength is appropriate for trading.

Long Term Chart

For INTERMEDIATE-TERM traders:

Generally recommended for Equities, ETFs, Mutual Funds, and Indices.

Monthly Triangles determine trend and possible entry points.
Weekly Triangles determine timing exits, entries, and re-entries.

The last Monthly Triangle issued should be used to identify the overall trend. If the Weekly Triangle is green, you can use the green Monthly Triangle as a potential entry point to a long position. You would then use the next red Weekly Triangle as your potential exit point and could use the subsequent Weekly Triangles as re-entries and exits as long as the Monthly Triangle remained green. To play the short side of the market, if your Weekly Triangle is red, you can use the red Monthly Triangle as a potential entry point to a short position. You would then use the next green Weekly Triangle as your potential exit point and could use the subsequent Weekly Triangles as re-entries and exits as long as the Monthly Triangle remained red.

Intermediate Term Chart

For SHORT-TERM traders:

Generally recommended for Futures, Forex.

Weekly Triangles determine trend and possible entry points.
Daily Triangles determine timing exits, entries, and re-entries.

The last Weekly Triangle issued should be used to identify the overall trend. If the Daily Triangle is green, you can use the green Weekly Triangle as a potential entry point to a long position. You would then use the next red Daily Triangle as your potential exit point, and could use the subsequent Daily Triangles as re-entries and exits as long as the Weekly Triangle remained green. To play the short side of the market, if your Daily Triangle is red, you can use the red Weekly Triangle as a potential entry point to a short position. You would then use the next green Daily Triangle as your potential exit point, and could use the subsequent Daily Triangles as re-entries and exits as long as the Weekly Triangle remained red.

Short Term Chart

How do I add and remove the Trade Triangles from my charts?

Using the toolbar at the top of any large streaming chart, click any of the Trade Triangle buttons to add or remove them from your charting. The Trade Triangle button with the "M" indicates Monthly Trade Triangles, the Trade Triangle button with the "W" indicates Weekly Trade Triangles, and the Trade Triangle button with the "D" indicates Daily Trade Triangles. Be sure your charting increment is set to "Daily" or longer to view the Triangles. The Trade Triangle buttons will be greyed out and unavailable on any intra-day charting.

Show Trade Triangles

Monthly Trade Triangle - Click to add the Monthly Trade Triangles to the chart. These Triangles appear on the chart with an “M” inside.
Weekly Trade Triangle - Click to add the Weekly Trade Triangles to the chart. These Triangles appear on the chart with a “W” inside.
Daily Trade Triangle - Click to add the Daily Trade Triangles to the chart. These Triangles appear on the chart as smaller, solid Triangles.

When are the Trade Triangles issued?

Trade Triangle Date and Price

The Trade Triangles are placed on the charts intra-day, as soon as our algorithm is triggered on a monthly, weekly, or daily level. The date and price that triggered the algorithm will appear in the box next to the Triangle.

When I have my Trade Triangles on my charts, what do the numbers in the grey box represent?

With a quick glance, you can use the grey box to determine whether the most recent Monthly, Weekly, and Daily Trade Triangles are red or green, and see the most current Chart Analysis Score. The values listed next to each Triangle are the price points that each Triangle most recently appeared on the chart.

You can use the Chart Analysis Score page to help you determine if the Triangles in place have hit more recent highs or lows. The most current Chart Analysis Score is also shown to help you determine trend strength. You can learn more about the Chart Analysis Score here.

If the grey box is blocking any data, you can move the box by clicking and dragging it to a new location on the chart body. To remove the box completely, you would have to turn your Trade Triangles off on your charting.

How do I find recent Trade Triangles?

Use MarketClub's Recent Trade Triangles scan to help you filter down the most recent Trade Triangles for the daily, weekly and monthly time periods. Use the drop downs to select security type, volume preferences, which Trade Triangle or Chart Analysis Score you would like to search for, and choose how far back you would like to scan.

MarketClub Tabs

The resulting list is now inclusive of all of the parameters you select. The scan results now include a "Detected" column to show when that symbol was picked up on our radar. The "Triangles" column gives you a quick picture of what the Trade Triangles look like for each symbol. The results list can be further sorted by the underlined column headers.

What does the yellow box around certain Trade Triangles indicate?

You will notice a yellow box highlighting certain Trade Triangles in your Portfolio Manager, Smart Scan, and the Trade Triangles scan results lists. Regardless of what color border the yellow box has, this indicates a new Trade Triangle for the day.