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The level of the RSI is a measure of the stock's recent trading strength. The slope of the RSI is directly proportional to the velocity of a change in the trend. The distance traveled by the RSI is proportional to the magnitude of the move. Wilder believed that tops and bottoms are indicated when RSI goes above 70 or drops below 30.
Donchian channel with support and resistance zones on EUR/USD. The Donchian channel is an indicator used in market trading developed by Richard Donchian. [1] It is formed by taking the highest high and the lowest low of the last n periods. The area between the high and the low is the channel for the period chosen. [2]
Range-Bound Trading: A range-bound trader will sell a stock when it reaches the top of its recent trading channel or buy it when it’s at the low of the range. As many stocks remain range-bound ...
The lines above and below are drawn a distance from that center line, a distance which is the simple moving average of the past 10 days' trading ranges (i.e. range high to low on each day). The trading strategy is to regard a close above the upper line as a strong bullish signal, or a close below the lower line as strong bearish sentiment, and ...
Trend lines are typically used with price charts, however they can also be used with a range of technical analysis charts such as MACD and RSI. Trend lines can be used to identify positive and negative trending charts, whereby a positive trending chart forms an upsloping line when the support and the resistance pivots points are aligned, and a ...
Donald Trump's presidential-election victory has fueled major moves in financial markets. Investors are anticipating tax cuts and looser regulation from Trump. Here are five charts that show how ...
Raj Matharu, 31, of Northridge, faces one count of possession with intent to distribute methamphetamine, according to the U.S. Attorney's Office.
To calculate +DI and -DI, one needs price data consisting of high, low, and closing prices each period (typically each day). One first calculates the directional movement (+DM and -DM): UpMove = today's high − yesterday's high DownMove = yesterday's low − today's low if UpMove > DownMove and UpMove > 0, then +DM = UpMove, else +DM = 0