Gator Oscillator Gator Oscillator is based on the Alligator and shows the degree of convergence/divergence of the Balance Lines (Smoothed Moving Averages). The top bar chart is the absolute difference between the values of the blue and the red lines. The bottom bar chart is the absolute difference between the values of the red line and the…
Fractals All markets are characterized by the fact that on the most part the prices do not change too much, and only short periods of time (15—30 percent) account for trend changes. Most lucrative periods are usually the case when market prices change according to a certain trend. A Fractal is one of five indicators…
Envelopes Envelopes Technical Indicator is formed with two Moving Averages one of which is shifted upward and another one is shifted downward. The selection of the optimum relative number of band margins shifting is determined with the market volatility: the higher the latter is, the stronger the shift is. Envelopes define the upper and the lower…
DeMarker Demarker Technical Indicator is based on the comparison of the period maximum with the previous period maximum. If the current period (bar) maximum is higher, the respective difference between the two will be registered. If the current maximum is lower or equaling the maximum of the previous period, the naught value will be registered….
Bulls Power Everyday trading represents a battle of buyers (“Bulls”) pushing prices up and sellers (“Bears”) pushing prices down. Depending on what party scores off, the day will end with a price that is higher or lower than that of the previous day. Intermediate results, first of all, the highest and lowest price, allow judging…
Bollinger Bands Bollinger Bands Technical Indicator (BB) is similar to Envelopes. The only difference is that the bands of Envelopes are plotted a fixed distance (%) away from the moving average, while the Bollinger Bands are plotted a certain number of standard deviations away from it. Standard deviation is a measure of volatility, therefore Bollinger Bands adjust…
Bears Power It is very important to be able to estimate the Bears Power balance since changes in this balance initially signalize possible trend reversal. This task can be solved using the Bears Power oscillator developed by Alexander Elder and described in his book titled Trading for a Living. Elder based on the following premises…
Awesome Oscillator Awesome Oscillator Technical Indicator (AO) is a 34-period simple moving average, plotted through the middle points of the bars (H+L)/2, which is subtracted from the 5-period simple moving average, built across the central points of the bars (H+L)/2. It shows us quite clearly what’s happening to the market driving force at the present…
Average True Range Average True Range Technical Indicator (ATR) is an indicator that shows the volatility of the market. It was introduced by Welles Wilder in his book “New concepts in technical trading systems”. This indicator has been used as a component of numerous other indicators and trading systems ever since. Average True Range can…
Average Directional Movement Index Average Directional Movement Index Technical Indicator (ADX) helps to determine if there is a price trend. It was developed and described in detail by Welles Wilder in his book “New concepts in technical trading systems”. To these simple commercial rules, Welles Wilder added “a rule of points of extremum”. It is…