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Top Technical Analysis Tools – MACD

A moving average is nothing more than a composite portrait of mass consensus that represents an average consensus of value over a given period. It detects trends by removing daily price fluctuations. Excessive variety makes it harder for traders to determine the overall trend of a security. With the help…

candlestick pattern cheat sheet

Candlestick charts were established in Japan over a century before bar charts and point-and-figure charts were invented in the West. In the 1700s, a Japanese man named Homma observed that, while there was a link between rice price and supply and demand, the markets were also heavily impacted by traders'…

RSI indicator app

The RSI calculates the ratio of up-moves to down-moves and normalizes the result to produce an index with a range of 0-100. J.Welles Wilder was the one who came up with the idea. If the RSI is greater than 70, the instrument is considered overbought (a situation whereby prices have…