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What is Technical Score?

Technical Score is TradersCockpit proprietary algorithm. Technical Score is calculated by assigning appropriate weights to different key technical indicators.

Key Indicators like market trend, price, volume, Exponential moving averages, Open Interest, Volatility, RSI, MACD, William R, MFI are used to come up with Technical Score for each symbol. Technical Score for each symbol is updated daily.

Technical score above 40 means stock is doing well on technical front. Higher the score, means more bullish. Increasing Technical Score means bullish trend and vice versa. But Technical Score above 70 means Stock is in a very strong momentum zone and this possibly could be nearing the end of its trend.

It should primarily be used as an additional filter for further screening among the stocks already selected based on any technical criteria.

Technical Score features enables a user to get a high level snapshot of the Technicals for a symbol but we strongly recommend you to do your own research before making buy/sell decisions.

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