Oscillators

Moving Average Convergence Divergence (MACD)

This classic technical indicator was developed by Gerald Appel – and it is one of the simplest and most trusted studies used by traders. MACD is the difference between a 26-day and 12-day Exponential Moving Average. A 9-day Exponential Moving Average –

Ultimate Oscillator

Introduced by Larry Williams, the Ultimate Oscillator combines the price action for three different time periods which represent short, intermediate, and long term market cycles, into one number. Typically a 7-day period, a 14-day period, and a 28-day period are u

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 sl

Price Oscillator

The Price Oscillator (PPO) indicator reflects the variation between two moving averages, it is expressed as either a percentage or in absolute terms/points. of a security’s price. Chart courtesy of Prophet Financial Systems (www.prophet.net)

Relative Volatility Index

Introduced by Donald Dorsey, the Relative Volatility Index is similar to the Relative Strength Index (RSI), however it uses the standard deviation over the past 10 days rather than daily price change. RVI’s signals are often used as confirmation to other ind

Relative Momentum Index RMI

Roger Altman introduced the Relative Momentum Index in 1993. The RMI is derived from the Relative Strength Index (RSI). While RSI counts up and down days from close to close, the Relative Momentum Index counts up and down days from the close relative to a close x

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

Stix Oscillator

The STIX is a short-term trading oscillator published in The Polymetric Report. It measures market momentum by comparing the volume flowing into advancing and declining stocks. Chart courtesy of Prophet Financial Systems (www.prophet.net)

Rate of Change

The Rate of Change Indicator (ROC) is an oscillator that shows how rapidly the price of a security is moving. It compares the difference between the current price and the price from a set prior time period. ROC rises with price increases and falls with price declines.

Full Stochastic Indicator

The Full Stochastic Oscillator uses an additional parameter; a “smoothing factor” for the initial %K line. Chart courtesy of Prophet Financial Systems (www.prophet.net)