Much has been written about the use of momentum oscillators in highlighting retracements in a trend or momentum divergences. This article will show an entirely different way that momentum oscillators can be used.
Step 1 – Look for a BULLISH THRUSTING LINE resting on MINOR PRICE SUPPORT, and/or a rising Major Moving Average (10 MA, 20 MA, or 50 MA) on the daily chart. Step 2 – Pull up a 15 min. chart of the stock. Step 3 – Note the high price of the previous day’s daily
Step 1 – Look for a BULLISH HARAMI resting on MINOR PRICE SUPPORT, and/or a rising Major Moving Average (10 MA, 20 MA, or 50 MA) on the daily chart. Step 2 – Pull up a 15 min. chart of the stock. Step 3 – Note the high price of the previous day’s daily HARAMI
One of the great joys of having invented an analytical technique such as Bollinger Bands is seeing what other people do with it. While there are many ways to use Bollinger Bands, following are a few rules that serve as a good beginning point. 1. Bollinger Bands provide a relative definition of high and low.
Bollinger Bands draw their power through two important characteristics. First, they exhibit an underlying trend-range axis just like price or moving averages. Second, they constrict or expand as they move.