Multi-dimensional Technical Analysis app review
This app enables a multi-dimensional Technical Analysis (TA) tool through ML. AI is particularly well fit for such a task as humans can only find correlations on a few variables, while ML can generalize that to many more, as is the case here. In effect its "predictions" result in a "biased coin", where you have a better chance betting for rather than against the suggestion. The best use-model here is that one needs to take many relatively small independent bets (note that some indices are correlated), to allow the law of large numbers to favorably expose the "coin bias". Before starting, write down your exit strategy, for example: reached your goal (2-3% gain over the 5-day period), the projection term of 5 days expired, the indicator shows less than 50% likelihood of success, loss beyond 2%, etc. This is not a gambling app but you need to be disciplined about how you use it, so follow your own rules you set upfront. Another inherent property of this app is that, unlike in the case of traditional TA, known by all and already reflected in the stock price, this ML-based TA continues to evolve, via retraining, and thus cannot be statically reflected by the market in the stock prices. This allows the "patterns" to persist and keep the competitive edge of the algorithm.
