William %R, is sometimes referred to as %R,which shows the relationship of the close relative to the high-low range over a set period of time. The nearer the close is to the top of the range, the nearer to zero (higher) the indicator will be. The nearer the close is to the bottom of the range, the nearer to -100 (lower) the indicator will be. If the close equals the high of … [Read more...]
Williams %R – At a Glance
Williams %R, is a technical analysis oscillator showing the current closing price in relation to the high and low of the past N days (for a given N). It was developed by trader and author Larry Williams and is used in the stock and commodities markets. The indicator is very similar to Stochastic %K – except that Williams %R is plotted using negative values ranging from 0 to … [Read more...]
Intraday Momentum index : Application and Chart
Developed by Tushar Chande, the Intraday Momentum Index (IMI) is a cross-breed between the RSI and candlestick analysis. The calculation of the IMI is very similar to the RSI, except it uses the relationship between the intraday opening and closing prices to determine whether the day is “up” or “down.” If the close is above the open, it is an up day. If the close is below … [Read more...]
Intraday Momentum Index : The Concept
The Intraday Momentum Index was developed by Tushar Chande. A combination of the Relative Strength Index and Candlestick Analysis gives the Intraday Momentum Index. The IMI calculation is similar to RSI, but there lies a difference. The intraday opening and closing prices relationships are used here in order to find out if the day is up or down. An up day means that the … [Read more...]
Klinger Oscillator : Application and Chart
The KO was developed by Stephen J. Klinger with two opposite goals in mind: 1. To be sensitive enough to signal short-term tops and bottoms 2. To be accurate enough to reflect the long-term flow of money into and out of a security. The KO is based on the following trends: Price range whether high or low, is a measure of movement and volume is the force behind … [Read more...]