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. We are in process of adding few more indicators like candlestick patterns, Pivot Support points etc in Technical Score calculation. Technical Score for each symbol is updated daily.
Technical Score features enables a retailer 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.