The product, called Scout Signals, achieves what was once the sole domain of human analysts – providing written technical analysis about financial markets.

Scout Signals uses trading opportunities identified by Autochartist.com and compiles its observations into human readable text and charts that provides investors with clear and simple technical analysis. “Scout Signals reports are a refreshing way of looking at the markets” says Ilan Azbel, CEO of Autochartist.com, “unlike human analysts, Scout Signals reports are not influenced by news events, political affiliation, or bad hair days; they give an unbiased, unclouded technical view on the market”.

Although the product has only recently made its debut, it has attracted much attention in financial circles as stock brokers, derivative brokers as well as money managers, look for ways to reduce their research department costs while maintaining the quality of their research. Whichever way you look at it, Scout Signals is pushing the boundaries of innovation for the financial world.