Keltner Channels
This technical indicator was outlined by Chester W. Keltner in his book How To Make Money in Commodities (1960). Keltner Channels are a volatility based band indicator that indicate overbought and oversold levels.
Technical Indicators
Comparative Relative Strength Indicator
Comparative Relative Strength compares the price movement of a security with an index, sector or another security and is calculated by dividing the first security’s price by the second security’s price.
Keltner Channels
Originally developed by Chester Keltner and later modified by Linda Raschke, Keltner Channels, also known as Keltner Bands are a volatility-based technical indicator. The Channels are composed of two bands plotted around an Exponential Moving Average of the data for a given period and are they are calculated by adding or subtracting twice the average …
Projection Oscillator
Derived from Projection Bands, the Projection Oscillator reflects the relationship of the current price to its minimum and maximum prices over time. In contrast to the Stochastic Oscillator, the minimum and maximum prices are adjusted up or down by the slope of the price’s regression line, making it more sensitive to short term price action.
Projection Bands
Projection Bands are made up of two bands outlining minimum and maximum projected boundaries. The Bands are derived using the minimum and maximum prices over a given time period and projecting these forward, parallel to a linear regression line. The Bands are interpreted to signal directional price reversal when when prices reaches their boundary. This …
Awesome Oscillator
Bill Williams’ Awesome Oscillator (AO) is designed to show current market momentum and is displayed as a histogram. The Awesome Oscillator is created using the difference between the 34-period and 5-period simple moving averages of the bar’s midpoints (H+L)/2. Each bar of the histogram that is higher than the preceding bar is green. Each bar …
Average Directional Index (ADX)
Developed by J. Welles Wilder, the Average Directional Index (ADX) measures the degree of directional movement and reflects strength of a trend. The ADX line measures the directional movement as an oscillator on a scale of 0 to 100. Readings below 20 reflect a weak trend and readings above 40 reflect a strong trend. Readings …
Fibonacci Time Zones
Fibonacci time zones are composed by dividing a chart with vertical lines spaced apart in a ratio adhering to the Fibonacci number sequence (1, 1, 2, 3, 5, 8, 13, etc.). The interpretation of Fibonacci Time Zones involves looking for significant price movement near the vertical lines. Also known as Fibonacci Time Series. Related Articles: …