The Average Directional Movement Index Rating (ADXR) indicator is an attempt to quantify the momentum change of the ADX indicator. It was developed by J. Welles Wilder and described in his book "New Concepts In Technical Trading Systems", written in 1978. The ADXR is constructed adding the current ADX value and an ADX value n-Periods ago and then dividing that sum by two. This … [Read more...]
TRIX: Momentum indicator
Introduction TRIX is a momentum indicator that displays the percent rate-of-change of a triple exponentially smoothed moving average of a security's closing price. It was developed in the early 1980's by Jack Hutson, an editor for Technical Analysis of Stocks and Commodities magazine. Oscillating around a zero line, TRIX is designed to filter out stock movements that are … [Read more...]
Forex Technical Indicators
Momentum Oscillators Momentum oscillators react very quickly to short-term changes in price, flipping back and forth between overbought and oversold levels. Oscillators are useful in both ranging and trending currency markets. The most common momentum oscillators include Relative Strength Index (RSI), Commodity Channel Index (CCI) and the Stochastic Oscillator. Let's take … [Read more...]
stock market -technical analysis
Technical analysis is a method of analyzing the current situation and evaluating the future security price and market directions based on various factors like trading volume, price changes, etc., to identify pattern A stock market term - The attempt to look for numerical trends in a random function. The stock market is filled with technical analysts deciding what to buy and … [Read more...]