Used to determine directional movement and potential support/resistance levels, Pivot Points (PP) are considered by many traders to be key levels on the intraday timeframes. Classified as a leading indicator and calculated from the
Developed by Jack Hutson, the Triple Exponential Average (TRIX) is an indicator used to identify oversold and overbought markets. Used as a both a trend and momentum indicator and displayed as the percent rate-of-change
Developed by George C. Lane, the Stochastic Oscillator is a momentum indicator that shows the location of the current closing price relative to the high/low range over a given number of periods. Used to
Developed by Larry Williams, the Ultimate Oscillator (UO) is a momentum indicator used to measure buying (and selling) pressure represented by where a day’s closing price falls within the day’s true range. Values of
The symmetrical triangle, which can also be referred to as a coil, usually forms during a trend as a continuation pattern. The pattern itself consists of two converging trend lines (a descending resistance line
Because Relative Strength Index by nature seeks out reversals in price, RSI overbought and oversold levels can be used for market entries. Typically, high RSI, above 70, suggests an overbought or weakening bull market.
Developed J. Welles Wilder, the Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. With its main purpose being to measure the market’s strength and weakness