Measures of Upside/Downside separate the volumes for rising markets from those in falling markets. In essence, the indicator is displaying the new flow of volume into or out of the market. Since the value for the indicator will increase over time as more issues are added to the exchange, traders will have to determine the appropriate extreme rating for the indicator where … [Read more...]
Triple Exponential Moving Average(TRIX)
The TRIX is a momentum indicator, that is displayed as an oscillator above and below a zero line. As a momentum indicator, this oscillator is based on smoothed moving averages and their momentum to avoid insignificant daily price movements and to aid timing. It compares two triple smoothed exponential moving averages, and displays the difference as a single line with positive … [Read more...]
Overview on Percentage Volume Oscillator (PVO)
The Percentage Volume Oscillator (PVO) is the percentage difference between two moving averages of volume. The PVO oscillates around zero. The following formula is used: PVO = ((Volume_EMA_Fast - Volume_EMA_Slow) / Volume_EMA_Fast) x 100 Usage The direction of the PVO moves as well as the centerline crossovers can be used to visually determine if the volume is … [Read more...]