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#1 Posted : Friday, February 16, 2007 7:19:03 AM(UTC)

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Joined: 2/7/2006(UTC)
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Location: Greece

A new version of the Daedalus Add-on is available at http://www.daedalussoft.com">http://www.daedalussoft.com

Daedalus is a Metastock® add-on providing both basic and advanced Technical Analysis tools that help identify possible profitable trading opportunities. Daedalus add-on makes use of the most powerful tools of Metastock® software and provides 13 external dll-indicators, 2 Experts along with 2 corresponding Templates, 17 custom Indicators and 10 Sample Explorations. All components of Daedalus are created to be used in DAILY charts and none of them can be used in INTRADAY charts

The main objectives of the Daedalus add-on are:

  • Find the correct long term trend of the Price

  • Find pivot points (that is, price levels where there is a strong tendency of short or medium or even long term trend change).

  • Use the price movement itself for finding support/resistance levels for the Price and automatically evaluate the level using widely accepted tenets of Technical Analysis.

  • Find securities that have broken a significant support or resistance level and automatically evaluate the breakout signal.

What makes Daedalus differ from many other technical analysis software is its tremendous flexibility. Most of the indicators provided are supple to the most and offer the users the opportunity to experiment and suit Daedalus to their type.

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