Pitchfork , is a technical indicator for a quick and easy way for traders to identify possible levels of support and resistance of an asset's price. It is presents and based on the idea that the market is geometric and cyclical in nature * Developed by Alan Andrews, so sometimes called Andrews’ Pitchfork * It is created by placing three points at the end of...
we are in correction phase, where the price takes a long time to do almost absolutely nothing! especially for the most part, double threes and triple threes are horizontal in character correction patterns are usually hard to track, they do follow rules but yet not so easy to identify what is forming in advance. the question is "what is the correction pattern...
Volume is one piece of information that is often neglected, however, learning to interpret volume brings many advantages and could be of tremendous help when it comes to analyzing the markets. In addition to technicians, fundamental investors also take notice of the numbers of shares traded for a given security. Volume analysis can help to confirm the existence,...
Moving Average Convergence Divergence – MACD The most popular indicator used in technical analysis, the moving average convergence divergence (MACD), created by Gerald Appel. MACD is a trend-following momentum indicator, designed to reveal changes in the strength, direction, momentum, and duration of a trend in a financial instrument’s price Historical...
An experimental application of feedback concept common in Electronic Engineering, attempting to present additional value/insight to the Indicators The above chart presents example of negative and positive feedback applied on momentum adjusted moving average (MaMA) and rate of return (RoR). Feedback concept in Electronic Engineering Negative feedback (or...
Psychology of a Market Cycle - Where are we in the cycle? This tutorial is related with "Trading Psychology - Fear & Greed Index" study Before proceeding with the question "where", let's first have a quick look at "What is market psychology?" Market psychology is the idea that the movements of a market reflect the emotional state of its participants. It is...
A brand new Moving Average , calculated using Momentum, Acceleration and Probability (Psychological Effect). Momentum adjusted Moving Average( MaMA ) is an indicator that measures Price Action by taking into consideration not only Price movements but also its Momentum, Acceleration and Probability. MaMA , provides faster responses comparing to the regular...
Report dispalyed with Technical Analyst study Who wants a Technical Analyst? The analyst will present a technical anlaysis report at a glance calculated by the most popular technical indicators, and the good part, the anlayst will do it voluntarily technical skills of the analyst: - experienced an all markets - ability to interpret moving averages - ability to...
Positive signals shows up Bounced from historical trend line (historical line was crossed a month ago and now the test passed) Bounced from ma100 and ma200 Bounced from Keltner Cannels lower cloud Probality calculated based on beyas theorem shows positive signs of bullish probable moves (still in bear area but increasing) p-macd, which calculates relationship...
What Is the Colored Directional Movement Index (CDMI)? The Directional Movement Index, or DMI, is an indicator developed by J. Welles Wilder that identifies the direction of the price movements and the trend strength. DMI is a collection of three separate indicators (ADX, +DI, -DI) combined into one ADX's purposes is to define whether or not there is a trend...
Short indication 1 : colored directional movment index on the top of the chart is yelow which indicates non-existend trend and the arrow points down which is showing that the negative direction is stronger. Short indication 2 : probability line as shown with bayes indicator is right at %50 level which is infact equilibrium of probable move up or down. But the...
the trend strength can keep the price walking the bands trough the upper cloud of Bollinger bands. p-macd (price and ma convergence/divergence) is positive and momentum is increasing which supports the above idea
all included in the chart an aggressive analysis do not consider as a financial advise
Colored DMI indicates no stenght at the major historical support trendl line (orange line), being tested frequantly since May 07 and few times in the past. PS : Colored DMI - customized interpratation of ADX +DI-DI, or shortly DMI Momentum is squuezed When looking of the formations it is defenetly rising wedge (purple lines), a sign for down trend , The price...
RSI Divergence is observed and RSI Value is below 50 and may decrease to even lower Colored Directional Movement Indicator -shows that trend already reversed few bars before -but the strength of the trend slows down and does not really give any idea of the direction of the trend for the moment (even if negative direction index > positive direction index for...
there are a lot of signs of an approaching breakout for litecoin -bollinger bands indicates low volatility for quite long duration -as colored directonal movement indicates no trend currently at all -ichimoko base colored super trend is heading up, price is within the cloud and conversion line above base line rsi is above 50 trend remain above 50 and just below...
btc may move around the current resistance a bit and seems to keep its move downwards. hopefully will bounce from its historical trend line ps: this is not an financial advise
here is my analysis; *RSI – bearish : bears are in control as well as the rsi trend is coherent with the trend. *FIB – bearish : retracement from previous HL to HH is beneath the golden ratio *BB – bearish : candle closed outside the band *MAVW – bearish : trend below the blue line *PATTERNS – bearish : it seems a double top formation *ELLIOTT – natural : If...