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11 min readThe Money Flow Index (MFI) is an oscillator used in technical analysis to measure the strength and direction of money flowing in and out of a particular asset or security. It provides insights into the buying and selling pressure in the market and helps traders identify potential reversal points.The MFI is primarily used for day trading and short-term trading strategies. It combines price and volume data to generate a single value oscillating between 0 and 100.
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6 min readThe Elder-Ray Index is a technical analysis tool developed by Dr. Alexander Elder to help traders identify trends, momentum, and potential buying or selling opportunities in the market. It consists of two components: the Bull Power and Bear Power indicators.The Bull Power indicator shows the strength of bulls (buyers) in the market by calculating the difference between the high price and the exponential moving average (EMA) of your choice.
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7 min readFibonacci retracements are a technical analysis tool used by day traders to identify potential levels of support and resistance in a price chart. It is based on the Fibonacci sequence, a series of numbers where each number is the sum of the two preceding ones.In day trading, Fibonacci retracements are commonly used to forecast possible price levels where a stock or other financial instrument might experience a temporary reversal before continuing its primary trend.
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6 min readMoving Max is a widely used technique in computer science and mathematics that involves calculating the maximum value in a sliding window of a given sequence or array. It is commonly used to analyze time series data, such as stock market prices, weather patterns, or any data that changes over time.To calculate Moving Max, you need to define the size of the window or the number of elements it contains.
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8 min readThe Ichimoku Cloud is a popular technical analysis tool used by traders and investors to identify potential buy and sell signals in the financial markets. Developed by Japanese journalist Goichi Hosoda in the late 1960s, it is also known as the Ichimoku Kinko Hyo, which translates to "one glance equilibrium chart."The Ichimoku Cloud consists of several components that work together to provide a comprehensive view of price action and potential support and resistance levels.
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12 min readOn-Balance Volume (OBV) is a technical analysis indicator that measures the volume of an asset's trading in relation to its price movements. It was developed by Joseph Granville and introduced in his 1963 book, “Granville's New Key to Stock Market Profits.”The concept behind OBV is simple: it assumes that volume precedes price movement. The indicator focuses on the cumulative volume of an asset, adding or subtracting the volume from a running total based on price changes.
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11 min readBollinger Bands are a popular technical analysis tool that was developed by John Bollinger in the 1980s. They consist of a set of three lines plotted on a price chart: a simple moving average (SMA) line in the middle, and an upper and lower band that represent a certain number of standard deviations away from the SMA.The middle band is usually a 20-day simple moving average (SMA), although traders can adjust this timeframe to suit their preferences.
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10 min readBollinger Bands are a technical analysis tool that can be used by traders, including beginners, to analyze price volatility and identify potential trading opportunities. Developed by John Bollinger in the 1980s, Bollinger Bands consist of a moving average line with an upper band and a lower band.To use Bollinger Bands as a beginner, you need to understand the three components: the moving average line, the upper band, and the lower band.
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9 min readThe Average Directional Index (ADX) is a technical indicator used to determine the strength and trendiness of a market. It assists traders in assessing whether a security is trending or not, as well as the strength of the trend.The ADX is made up of three lines: the ADX line itself, the Positive Directional Indicator (+DI), and the Negative Directional Indicator (-DI). These lines are plotted on a scale ranging from 0 to 100.The ADX line shows the strength of the trend.
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7 min readThe Elder-Ray Index is a technical analysis tool developed by Dr. Alexander Elder. It consists of two components: the Bear Power and the Bull Power. These measures are designed to help swing traders identify buying and selling opportunities in the market.The Bear Power is calculated by subtracting the Exponential Moving Average (EMA) of the close price from the EMA of the high price. It measures the strength of the bears in the market.
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7 min readMoving Min is a calculation used in statistics and data analysis to identify the minimum value over a specified interval or window. It involves analyzing a dataset or a sequence of data points and calculating the minimum value within a moving window.To calculate the moving minimum, a window size is determined, which represents the number of data points or units of time to be considered at once.