Standard Deviation Channel
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.
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.
Homing Pigeon is a two candlestick bullish reversal pattern. The formation occurs during a downtrend with a large black candlestick followed by a short black candlestick engulfed by the first. The formation suggests that the existing downtrend is weakening.
The Kicking Japanese Candlestick is a two candle reversal pattern. A bearish Kicking formation consists of a white marubozu followed by a black marubozu which gaps open below the first candle’s opening price.
The Stochastic RSI uses RSI values and their relationship over time to determine entry and exit points and to confirm other indicators’ signals. Chart courtesy of Prophet Financial Systems