Review of AI Edge
This is education only, folks. Not trading/investment advice – talk to a financial pro for that. We buy all our tools, no freebies! Some links may earn us affiliate income.
Ever feel like the market speaks a language you just can't quite translate? Maybe you're staring at a chart, wondering if that dip is a buying opportunity or a signal to run for the hills. Enter Justin Dehorty and his creation, AI Edge. If you're into trading and love a bit of algorithmic insight, this might just be your cup of tea.
Justin Dehorty, the mastermind behind AI Edge, clearly has a knack for math and algorithms. His work on TradingView has garnered attention, with his free indicators, WaveTrend 3D and Lorentzian Classification, earning Editor Picks. This recognition speaks volumes about the quality and potential usefulness of his tools.
What's on the Menu?
- Lorentzian Classification (Premium):
- Imagine having a tool that scans past market patterns to predict potential entry points. That's essentially what the Lorentzian Classification indicator does. It's like having a history buff for the stock market.
- The premium version takes it up a notch, allowing you to add your own indicators to the mix. This means you can tailor the algorithm to your specific trading style.
- It also includes features like mean regression indicators, which help identify when prices might be about to snap back to their average. This can be handy for timing exits or quick counter-trend trades.
- First pullback identification is also a very useful feature.
- A table showing the calculated accuracy of the entry signals is also included.
- Essentially, it’s about finding those sweet spots where the odds seem a little more in your favor.
- For a more detailed explanation of the indicator, you can always read the description on the AI edge website.
- Future Pivots:
- This indicator attempts to predict when trend changes might occur. It provides dates and times for potential pivots, along with the current trend direction.
- A word of caution: don't get too hung up on the magnitude of the predicted changes. The real value lies in the timing and direction.
- Also, remember that these pivots are dynamic. They shift with the market, so what you see today might change tomorrow.
- Deep Forecast:
- Accessed through AI Edge's Discord, this tool uses an AI/ML algorithm to forecast price movements.
- You input a ticker (stock, ETF, or crypto), and the bot generates a graph showing past price data and a projected future path.
- Keep in mind that the forecast is limited to short-term projections, making it suitable for swing or day traders.
Who's This For?
- If you're a TradingView user, the indicators are a natural fit.
- Day traders and swing traders will likely find the Deep Forecast bot particularly useful.
- Anyone interested in exploring algorithmic trading tools will find something of value here.
Testing the Waters
- Start with the free version of the Lorentzian Classification indicator on TradingView. This will give you a taste of what it can do.
- To test the bots, subscribing for a month is the best way to do so. With a $20 monthly fee, it's a relatively low-risk way to explore the service.
Important Considerations
- Remember, these tools are for educational purposes and should not be considered financial advice.
- Always conduct your own research and backtesting.
- Be aware that AI/ML algorithms are not foolproof. Market conditions can change rapidly, and past performance is not indicative of future results.
- Always use risk management.
AI Edge offers a unique blend of algorithmic insights and indicator-based analysis. Whether you're a seasoned trader or just starting out, these tools can provide valuable perspectives on market movements.