Technical Analysis Articles –
A popular indicator created by John Bollinger that allows users to compare volatility and relative price levels over a period of time. It consists of three bands designed to cover the majority of a security’s price action. Prices are considered to be overextended or overbought at the upper band which is thus considered a resistance
A volatility measurement indicator introduced by J. Welles Wilder in his book: New Concepts in Technical Trading Systems. Wilder originally developed the ATR for commodities but the indicator is also be used for stocks and indices. The ATR measures a commodity or security’s volatility. High ATR values reflects high volatility while low ATR readings indicate
A market momentum indicator that subtracts the declining issues from the advancing issues on the New York Stock Exchange. This information is used to determine the strength of the market on a daily basis. It is usually smoothed to make it an overbought and oversold indictor. Strong up days show readings of more than +1,000
Referred to as a market momentum indicator, the absolute breadth index (ABI) is equal to the absolute value of the difference between the advancing issues and the declining issues. It shows how much activity and volatility and change is taking place on the NYSE while ignoring the direction prices are going. It shows only market
On a Japanese Candlestick chart, a Marubozu is a single candlestick with no shadow or wick extending from the body at at the open or close. Also known as a shaven or bald candlestick. The black Marubozu has a long black body and no shadow/wick. The open is the high and the close is the