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11 minutes read
The Stochastic Oscillator is a popular momentum indicator used in technical analysis. It is designed to show the location of the current close price in relation to its price range over a specified period of time. The term "stochastic" refers to randomness, as the indicator involves the use of statistical calculations.The oscillator consists of two lines: %K and %D, which are plotted on a range of 0 to 100.
10 minutes read
Rate of Change (ROC) is a technical analysis indicator that measures the percentage change in price over a predefined period of time. It is commonly used by scalpers in the financial markets to identify short-term price movements and make quick trades for small profits. The ROC indicator helps scalpers identify momentum shifts and potential trading opportunities.Scalping is a trading strategy that focuses on making small profits from frequent trades.
12 minutes read
The Relative Strength Index (RSI) is a technical indicator commonly used in trading to analyze the strength and momentum of a financial asset's price movement. Introduced by J. Welles Wilder Jr. in the late 1970s, the RSI is widely adopted by traders to spot potential buying or selling opportunities.The RSI calculates the ratio of upward price movements to downward price movements over a specified time period, typically 14 periods.
10 minutes read
The Detrended Price Oscillator (DPO) is a technical indicator used by traders to identify short-term price cycles and to determine potential price reversals. It is designed to remove the long-term trend from the price data, providing a clearer picture of the shorter-term price movements.To use the DPO indicator effectively, follow these steps:Calculation: The DPO calculates the difference between a specific price and a historical moving average.
11 minutes read
Parabolic SAR (Stop and Reverse) is a technical analysis indicator used in trading to identify potential reversals in the price direction of an asset. It was developed by Welles Wilder, a renowned technical analyst, and is commonly referred to as SAR.The Parabolic SAR is plotted on a price chart and appears as a series of dots either above or below the price depending on the trend direction.
8 minutes read
The Hull Moving Average (HMA) is a technical indicator used in swing trading. It aims to provide a smoother and more responsive moving average compared to traditional ones. Named after its creator, Alan Hull, the HMA seeks to eliminate lag and reduce noise while capturing significant price movements.Unlike standard moving averages that rely on simple or exponential calculations, the HMA is calculated using weighted moving averages, making it more efficient in trend identification.
31 minutes read
To get click events in Chart.js without using list items, you can use the onClick event handler provided by Chart.js. Here's how you can achieve this:Assign an id to the HTML canvas element where you will be rendering the chart. For example, . Create
8 minutes read
Exponential Moving Average (EMA) is a popular technical indicator used by traders to identify trends and potential entry and exit points in the financial markets. It is similar to a simple moving average (SMA), but places more weight on recent price data, making it more responsive to market changes.To trade with Exponential Moving Average, follow these steps:Calculate the EMA: Start by selecting a time period for calculating the EMA.
10 minutes read
The Money Flow Index (MFI) is a technical indicator that measures the intensity of money flowing in and out of a security or asset. It is used by traders and investors to identify overbought and oversold conditions in the market.To calculate the Money Flow Index, several steps are involved. Firstly, the typical price for a given period needs to be determined. The typical price is calculated by adding the high, low, and closing prices for a specific period and dividing the sum by three.
7 minutes read
Price Rate of Change (ROC) is a popular technical analysis indicator used by traders and investors to evaluate the momentum of a security. It helps identify pricing trends and potential reversals in the market. This guide will provide a complete understanding of ROC and how to effectively use it in your trading strategy.Price ROC, also known as Price Rate of Change, is a simple oscillator that measures the percentage change in price over a specified period of time.