The AD Volume Line indicator measures buyer and seller strength. You need to calculate the volume of securities that close upwards and downwards end of the day. You have to calculate the difference between the upwards volume and
The New Highs New Lows Indicator is an amazing tool to analyze the US stock market. This indicator calculates the difference between the number of stocks that make new highs and the number of stocks that made new lows
The Parabolic SAR (Stop and Reversal) indicator is a trend following indicator. This indicator is very similar to the SuperTrend, but the SuperTrend is better as a trend follower indicator. The SAR is displayed with dots. The dots are
Moving averages are one of the most commonly used indicators in technical analysis. The main objective of moving averages is to identify the primary trend followed by the markets, removing it from very short-term distortions. The moving average is
In 1946 Ralph Nelson Elliott published his famous book Nature’s Law: The Secret of the Universe. Elliott Wave Theory is an indispensable complement to Dow’s theory. Elliott noticed that all cycles of nature, be they tide, celestial bodies,
In this tutorial, you will learn all about the Gann Theory in Technical Analysis. William D. Gann, a famous American trader, has discovered, developed, and applied with remarkable success a set of mathematical rules and geometric shapes based not
The Momentum Indicator is a much simpler and more intuitive oscillator, it is used to assess the speed with which the prices of a given asset are moving. It is an indicator of the “leading” category, that is, aimed
Keltner Channel is an indicator of market volatility, which, like the Bollinger bands, creates a channel around the moving average and in which prices tend to remain included. The Keltner Channel indicator is named after its inventor, Chester W.
The Ichimoku Kinko Hyo indicator is a useful trend indicator in predicting price developments and belongs to the same family as the ADX indicator and the Parabolic SAR indicator. Japanese Goichi Hosoda invented the Ichimoku Indicator. The unique
Tushar Chande invented the CMO Indicator (Chande Momentum Oscillator) as a respected trading system developer. Tushar Chande is a famous American technical analyst. In his books “Beyond Technical Analysis” and “The New Technical Trader by Tushar Chande and
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How To (AUTO) Trade Divergences Today we would like to share with you a little tip: how to trade RSI divergence with the Autotrade divergences
The Intraday Intensity Index Indicator measures volume according to the position of the closure within the variation between the minimum and maximum of the session. It
In this tutorial, you’ll create an Auto TrendLines Indicator to automatically draw TrendLines in TradeStation and MultiCharts using EasyLanguage and PowerLanguage, Firstly, we calculate the