Toronto-based Horizons ETFs Management (Canada) Inc. said Tuesday it will offer Recognia Technical Insight with Elliott Wave analytics to its clients across Canada, which have been developed by Ottawa-based Recognia Inc., a leader in providing technical analysis for retail investment brokers.

“Technical analysis is a longstanding method for attempting to forecast the price trends of securities and indices. Many ETF investors recognize its potential to improve the timing of their trades, which is why we’re excited to be the first ETF provider in Canada to offer Recognia’s technical analysis tools to our investors,” said Howard Atkinson, president of Horizons ETFs. “We believe that these evaluation tools can potentially allow ETF investors to make more informed and less emotionally biased decisions.”

Accessed by more than 20 million traders and investors, Recognia’s proprietary investment research uses automated interpretation of technical, fundamental and value based analytics and provides coverage of more than 55 exchanges worldwide, analyzing more than 65,000 stocks, ETF’s, forex, indices, and futures daily.

The Recognia tools aim to deliver clear and easy to understand tools that provide an interpretation of daily bullish or bearish trading trends. Investors can use the information to help plan trades in any exchange traded funds in the Horizons ETFs’ family, within the context of potential trends signaled by over 30 types of chart patterns, candlesticks, indicators and oscillators. The tools include an email alert function, alerting investors and traders when events of significance occur.

Elliott Wave is a form of technical analysis developed by Ralph Nelson Elliott in the 1930s. Elliott observed that financial markets move in recognizable patterns which are created by underlying investor behaviors of fear and enthusiasm. He developed a rational system of stock price analysis that isolates patterns or “waves” of directional movements that recur in markets and are repetitive in nature, but are not necessarily repetitive in time or amplitude.