bands widen (move further away from the average), while during less volatile periods, the bands contract (move closer to the average).
Various Trend lines
Pattern recognition in Trend lines, which detect and draw the following patterns: ascending; descending; symmetrically & extended triangles; wedges; trend channels.
[6.5] Some other popular technical tools:
Coppock Curve is an investment tool used in technical analysis for predicting bear market lows. It is calculated as a 10-month weighted moving average of the sum of the 14-month rate of change and the 11-month rate of change for the index.
DMI (Directional Movement Indicator) is a popular technical indicator used to determine whether or not a currency pair is trending.
The Parabolic System (SAR) is a stop-loss system based on price and time. It is used to determine good exit and entry points.
1 comment:
You might want to check this technical analysis program: http://www.cognitum-research.com/en/wave-explorer
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