Skip to main content
chiggaway.com

chiggaway.com

  • How to Use Money Flow Index (MFI) For Day Trading? preview
    11 min read
    The Money Flow Index (MFI) is a technical indicator used in day trading to measure the strength and direction of money flowing into or out of a particular asset. It combines both price and volume data to provide traders with insight into the market sentiment and potential reversal points.

  • How to Read Mass Index (MI)? preview
    7 min read
    The Mass Index (MI) is a technical analysis indicator used to identify potential reversals in a security's price trend. It was developed by Donald Dorsey in the early 1990s. The MI focuses on detecting periods of price compression or expansion, which are typically followed by significant price movements.To read the Mass Index, you first need to understand its components. The indicator consists of two moving averages: the High-Low Range (HLR) and the Double Exponential Moving Average (DEMA).

  • How to Use Chaikin Oscillator For Beginners? preview
    10 min read
    The Chaikin Oscillator is a technical analysis tool that is used to measure the momentum of a security by comparing its accumulation and distribution line (ADL) over a chosen period of time. It was developed by Marc Chaikin.To use the Chaikin Oscillator as a beginner, you need to follow these steps:Choose a time frame: Decide on the period for which you want to analyze the security. The default period is 10 days, but you can modify it based on your preference and trading style.

  • The Basics Of Fibonacci Retracements For Swing Trading? preview
    7 min read
    Fibonacci retracements are a technical analysis tool used in swing trading to identify potential levels of support and resistance. It is based on the sequence of numbers discovered by the Italian mathematician Leonardo Fibonacci.In Fibonacci retracements, swing traders attempt to predict future levels of price retracement (pullbacks) after a significant market move. The key levels identified are 23.6%, 38.2%, 50%, 61.8%, and 78.6% of the original move.

  • How to Use Money Flow Index (MFI) For Scalping? preview
    7 min read
    The Money Flow Index (MFI) is a technical indicator that is commonly used by traders for scalping in the financial markets. Scalping is a trading strategy that involves making small profits from multiple trades over short periods of time. The MFI is an oscillator that measures the momentum of money flowing into or out of a particular asset.

  • How to Use Parabolic SAR (Stop And Reverse) For Swing Trading? preview
    9 min read
    Parabolic SAR, also known as Stop and Reverse, is a technical analysis indicator used by swing traders to determine the overall direction of a stock's price movement and potential reversal points. It assists traders in setting stop-loss levels and identifying potential entry and exit points.Here's how you can use Parabolic SAR for swing trading:Calculation: Parabolic SAR is calculated using an algorithm that factors in the previous price data.

  • Guide to Moving Min Are Calculated? preview
    9 min read
    The guide to moving Min (minimum) outlines the way in which these values are calculated. When it comes to determining the minimum values in a dataset, there are various techniques employed, each with its own benefits and limitations. The following methods are commonly used:Traditional Approach: The most straightforward method is to scan the given dataset sequentially and update the minimum value whenever a smaller value is encountered.

  • Relative Strength Index (RSI) For Day Trading? preview
    7 min read
    The Relative Strength Index (RSI) is a popular technical indicator used in day trading to identify overbought or oversold conditions in a market. It measures the speed and change of price movements and provides traders with insights into possible price reversals.The RSI is displayed as a line graph that oscillates between the values of 0 and 100, with a centerline at 50.

  • How to Trade With Aroon Indicator Are Calculated? preview
    6 min read
    The Aroon indicator is a technical indicator used in trading to determine the strength and direction of a trend. It consists of two components, namely Aroon Up and Aroon Down.Aroon Up: This component measures the number of periods since the highest price within a given time period. It quantifies the strength and duration of an upward trend. The higher the value, the stronger the uptrend.Aroon Down: This component measures the number of periods since the lowest price within a given time period.

  • The Basics Of Percentage Price Oscillator (PPO)? preview
    10 min read
    The Percentage Price Oscillator (PPO) is a technical analysis tool used to measure the momentum and trend strength of a security. It is similar to the Moving Average Convergence Divergence (MACD) indicator and is often used alongside it.The PPO calculates the difference between two exponential moving averages (EMA) of a security's price and expresses it as a percentage.

  • Detrended Price Oscillator (DPO) Are Calculated? preview
    6 min read
    The Detrended Price Oscillator (DPO) is a technical indicator that is used in the analysis of financial markets. It is primarily used to identify and measure short-term cycles or trends in the price of an asset.To calculate the DPO, the first step is to determine the length of the desired cycle or trend to analyze. Generally, a 20-day cycle is commonly used, but the length will depend on the trader's preference and the specific market being analyzed.