Ichimoku Kinko Hyo Technical Indicator Ichimoku Kinko Hyo INTRODUCTION The Ichimoku Kinko Hyo indicator was originally developed by a Japanese newspaper writer to combine various technical strategies into a single indicator that could be easily implemented and interpreted. In Japanese, “ichimoku” translates to “one look,” meaning traders only have to take one look at the …
Volumes Technical Indicator Volumes INTRODUCTION AND HISTORY Volume-by-Price is an indicator that shows the amount of volume for a particular price range, which is based on closing prices. Volume-by-Price bars are horizontal and shown on the left side of the chart to correspond with these price ranges. Chartists can view these bars as a single …
Stochastic Oscillator Technical Indicator Stochastic Oscillator INTRODUCTION AND HISTORY The Origins Of The Stochastic Oscillatorby George A. Schade, Jr., CMT This article answers the longstanding question who originated the %K and %D stochastic oscillator used by market technicians. The question has been debated for years. In center stage are the roles of C. Ralph Dystant …
(MACD) Technical Indicator Moving Average Convergence Divergence (MACD) INTRODUCTION OF MACD Learning to trade in the direction of the short-term momentum can be a difficult task at the best of times, but it is exponentially more difficult when one is unaware of the appropriate tools that can help. This article will focus on the most …
Relative Strength Index (RSI) Technical Indicator Relative Strength Index (RSI) INTRODUCTION When Welles Wilder introduced the RSI, he recommended using a 1 4-period look-back when using daily data. The RSI is actually a momentum indicator that follows the price activity of an underlying security. Because of the structure of the fonnula, the RSI value is …
Market Facilitation Index (MFI) Technical Indicator Market Facilitation Index (MFI) INTRODUCTION AND HISTORY The Market Facilitation Index (MFI), created by Dr. Bill Williams, is a volatility indicator which aims to determine the willingness of the market to move the price. The indicators absolute values alone are of no use to the trader as they provide …
Gator Oscillator Technical Indicator Gator Oscillator INTRODUCTION AND HISTORY The family of indicators developed by Bill Williams includes Gator Oscillator. The indicator aims to show when the market is trending and it’s in range. The Gator is derived from the Alligator Indicator. It is shown in a separate window below the price chart. Alligator and …
Alligator Technical Indicator Alligator INTRODUCTION AND HISTORY Bill Williams introduced the Alligator indicator in 1995. The Alligator is as much a metaphor as it is an indicator. It consists of three lines, overlaid on a pricing chart, that represent the jaw, the teeth and the lips of the beast, and was created to help the …
Fractals Technical Indicator Fractals INTRODUCTION AND HISTORY Some people believe that markets are random. However, others argue that although prices may appear to be random, they do in fact follow a pattern in the form of trends. One of the most basic ways in which traders can determine such trends is through the use of …
Force Index Technical Indicator Force Index INTRODUCTION AND HISTORY Developed by Dr Alexander Elder, the Force index combines price movements and volume to measure the strength of bulls and bears in the market. The raw index is rather erratic and better results are achieved by smoothing with a 2-day or 13-day exponential moving average (EMA). …