The Shooting Star Japanese Candlestick is a bearish single candle pattern that appears during an uptrend. It opens higher, trades still higher, creating a long upper shadow. It then closes near its open, leaving little or no lower shadow, and a small real body.
The Standard Deviation Channel consists of two parallel lines on either side of the Linear Regression Trendline. The lines are spaced x number of standard deviations above and below the Linear Regression Trendline.
Munehisa Homma (1724-1803), also referred to as Sokyu Homma or Sokyu Honma, was a wealthy rice merchant from Sakata, Japan who lived during during the Tokugawa Shogonate. The Dojima Rice Exchange of Osaka, established in 1697 was the worlds first futures exchange. Initially, only physical rice was traded, but beginning in 1710 a futures market
Welles Wilder is best known for his technical indicators – now considered to be core indicators in technical analysis software. These include Average True Range, the Relative Strength Index, Directional Movement and the Parabolic Stop and Reverse. He has written many articles on trading, appeared on numerous radio and television programs, and conducted technical trading
Developed by Larry Williams, the Williams’ Accumulation/ Distribution indicator aims to reflect whether the market is controlled by buyers (accumulation) or by sellers (distribution). Prices making a new low along with the A/D indicator failing to reach a new low suggests that accumulation is taking place and creates a buy signal. Prices making a new