This oscillator has to be used in conjunction with other EW tools (certainly cannot be the main indicator). EWO has: - Higher values during third waves' up - Lower but still Positive values during the first and fifth waves up - Negative values during the biggest corrections or downtrend impulse waves. Personally, I am still trying to figure out EW, so do...
QStick from Tushar Chande (more info => www.investopedia.com) This numerically identify trends in candlestick charting. It is calculated by taking an 'n' period moving average of the difference between the open and closing prices. A Qstick value greater than zero means that the majority of the last 'n' periods have been up, indicating that buying pressure has...
For the momentum trader there are plenty of price momentum indicators, here's one that tracks the volume's momentum. Rising momentum in both price and volume is great for any momentum trader. Add this to your chart, play with the settings, and maybe you'll notice something new! Grab the source code here: pastebin.com Installation video by @ChrisMoody here :...