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9 min readThe 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.
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9 min readParabolic 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.
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7 min readThe 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.
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18 min readTo 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
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6 min readExponential 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.
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8 min readThe 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.
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6 min readPrice 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.
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7 min readThe Stochastic Oscillator is a popular technical indicator used by traders to identify overbought and oversold levels in the market. It was developed by George Lane in the late 1950s.The oscillator is based on the idea that as an asset's price increases, the closing price tends to be closer to the upper end of the price range for the given period. Conversely, as the asset's price decreases, the closing price tends to be closer to the lower end of the range.
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9 min readThe Chandelier Exit is a powerful technical analysis tool used in stock trading and other financial markets. It was developed by Charles LeBeau and popularized in his book, "Technical Traders Guide to Computer Analysis of the Futures Markets." This indicator helps traders determine their exit points by incorporating volatility into their trading strategies.
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9 min readThe Parabolic SAR (Stop and Reverse) is a technical analysis tool that helps identify potential trend reversals in the price movement of a security. It is commonly used by traders to determine when to enter or exit a trade.The Parabolic SAR is calculated using two primary variables: the acceleration factor (AF) and the extreme points (EP). The AF determines the rate at which the SAR moves closer to the price.
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7 min readThe Vortex Indicator is a technical analysis tool used in the financial markets to determine the direction of the trend and identify potential reversal points. It was developed by Etienne Botes and Douglas Siepman and is based on the work of J. Welles Wilder, the creator of other popular indicators like the Relative Strength Index (RSI).The Vortex Indicator consists of two lines - the +VI (Positive Vortex Indicator) and the -VI (Negative Vortex Indicator).