This document provides an overview of technical analysis and various technical indicators used to analyze stock prices and generate buy/sell signals. It discusses technical analysis approaches like trend lines, support and resistance levels, chart patterns like head and shoulders and double tops/bottoms, and indicators such as moving averages, MACD, RSI, Bollinger Bands, pivot points, and money flow index. The goal of technical analysis is to forecast stock prices and market movements based on historical market data like price, volume, and open interest.
Fulcrums are natural points of confluence “Magnets”. Professional traders and market makers use pivot points to identify important support and resistance levels.
This is part of the Education Series prepared by StockStream Financial Services. This session looks at developing trading strategies using Pivot Points.
The best swing trading strategies are the ones that allow you to trade and profit from your beliefs about the market. I have added some of the most popular swing trading indicators as a guide for you to explore. The swing trading indicators listed here focus on trend trading, volatility, and overbought/oversold conditions.
Forex complex trading strategies are those that include more than three technical indicators for generating signals and have a number of important rules to use as a complex technique in trading.
By www.ProfitableTradingTips.com
Scalping in Day Trading
Traders who engage in rapid momentum trades are often scalping in day trading. These traders make their profit from the difference between bid and ask prices. Even in a flat market traders can profit from scalping in day trading. In order to successfully make a business out of scalping in day trading the trader needs to pay close attention to the market, always be aware of market fundamentals, and keep abreast of technical analysis. Despite the theoretical possibility of trading in an absolutely flat market the price of a stock constantly moves to some degree throughout the trading day. Thus when scalping in day trading one acts as a mini trend trader as well.
In and Out of Positions in a Hurry
There is a rhythm to scalping in day trading and it is fast. Traders seek to profit from the actions of traders to simply take the bid and ask prices of a stock. This strategy guarantees a profit if the trader acts quickly. It can result in losses if the stock price moves too quickly. As an example, Xyz Corporation has a bid price of $10.10 and ask price of $10.15. If the scalper can buy at the bid price and sell at the ask price he gains $0.05 per share, a small amount but a lot if repeated many times throughout the day. However, the market might move lower before he can complete his trade. Let’s say that the stock moves so that the bid price is now $9.90 and the ask price is $9.95. The trader who purchased for $10.10 now needs to sell at $9.95 if he wants to quickly exit his trade. The other choice is to continue the trade in hopes that the market will turn upward and not fall farther. This later course is anathema to scalping in day trading. When scalping a trader is never trying to outguess the market but simply helping to make the market and make repetitive small profits.
The Nature of Bid and Ask Prices
Bid and ask prices are available on markets across the world. By using this price system traders are able to execute trades immediately, so long as there are enough bid prices to match ask prices. The difference between bid and ask prices is called the spread. Gaining the spread on every trade is the goal when scalping in day trading. The ideal scalping trade would be instantaneous. Buy at the low price and sell at the high. Getting in and out in an instant would seem to be the ideal situation if dealing with absolutely static bid and ask prices. However, the market is never static so traders must look to market direction even when scalping in day trading. A successful scalper also engages in trend following in day trading.
Think of the Spread as a Bonus
Scalping in day trading takes advantage of market movement as well as the bid to ask spread. While trend traders use technical analysis to read market sentiment they attempt to ride out a trade to gain the maximum profit.
Fulcrums are natural points of confluence “Magnets”. Professional traders and market makers use pivot points to identify important support and resistance levels.
This is part of the Education Series prepared by StockStream Financial Services. This session looks at developing trading strategies using Pivot Points.
The best swing trading strategies are the ones that allow you to trade and profit from your beliefs about the market. I have added some of the most popular swing trading indicators as a guide for you to explore. The swing trading indicators listed here focus on trend trading, volatility, and overbought/oversold conditions.
Forex complex trading strategies are those that include more than three technical indicators for generating signals and have a number of important rules to use as a complex technique in trading.
By www.ProfitableTradingTips.com
Scalping in Day Trading
Traders who engage in rapid momentum trades are often scalping in day trading. These traders make their profit from the difference between bid and ask prices. Even in a flat market traders can profit from scalping in day trading. In order to successfully make a business out of scalping in day trading the trader needs to pay close attention to the market, always be aware of market fundamentals, and keep abreast of technical analysis. Despite the theoretical possibility of trading in an absolutely flat market the price of a stock constantly moves to some degree throughout the trading day. Thus when scalping in day trading one acts as a mini trend trader as well.
In and Out of Positions in a Hurry
There is a rhythm to scalping in day trading and it is fast. Traders seek to profit from the actions of traders to simply take the bid and ask prices of a stock. This strategy guarantees a profit if the trader acts quickly. It can result in losses if the stock price moves too quickly. As an example, Xyz Corporation has a bid price of $10.10 and ask price of $10.15. If the scalper can buy at the bid price and sell at the ask price he gains $0.05 per share, a small amount but a lot if repeated many times throughout the day. However, the market might move lower before he can complete his trade. Let’s say that the stock moves so that the bid price is now $9.90 and the ask price is $9.95. The trader who purchased for $10.10 now needs to sell at $9.95 if he wants to quickly exit his trade. The other choice is to continue the trade in hopes that the market will turn upward and not fall farther. This later course is anathema to scalping in day trading. When scalping a trader is never trying to outguess the market but simply helping to make the market and make repetitive small profits.
The Nature of Bid and Ask Prices
Bid and ask prices are available on markets across the world. By using this price system traders are able to execute trades immediately, so long as there are enough bid prices to match ask prices. The difference between bid and ask prices is called the spread. Gaining the spread on every trade is the goal when scalping in day trading. The ideal scalping trade would be instantaneous. Buy at the low price and sell at the high. Getting in and out in an instant would seem to be the ideal situation if dealing with absolutely static bid and ask prices. However, the market is never static so traders must look to market direction even when scalping in day trading. A successful scalper also engages in trend following in day trading.
Think of the Spread as a Bonus
Scalping in day trading takes advantage of market movement as well as the bid to ask spread. While trend traders use technical analysis to read market sentiment they attempt to ride out a trade to gain the maximum profit.
Trading on Forex is especially difficult because of humans emotions and greed. How not to lose the deposit and not to give last money for nerves treatment while trading on Forex? Very simply. Meet Forex advisors in the presentation of JustForex
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this is breakout trading strategy to use. if you understand how the breakout works.you can gain up to 100pips 200pips.
.
if you understand market trending and break out. you can make money with forex.
.
Technical Analysis Explained
Trends in Technical Analysis
Trend Classifications
Support & Resistance
Technical Analysis Indicators
Using the MACD to trade the EUR/USD
Top 10 forex trading tools and tips from Forex Useful - Includes, MT4 Account, Economic calendar, Correlation indicator, Pivot points, Candlestick patterns, Price alerts and a VPS
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Here are the Top 10 Forex Trading Tips & Tools we could not do without. The tips are there so you can better understand and implement the tools you feel would also suit you...
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Investment and analysis has many deep interventions to it. Have a look and get idea about these. Simple moving Average, Exponential moving average, Professional traders, oscillators, break out, Convergence, Divergence, market indicators, IRS, ROc, bullish percent Index.
QNBFS Daily Technical Trader Qatar - November 17, 2021 التحليل الفني اليومي ل...QNB Group
The QE Index managed to close at our expected, 12,000 points, resistance level Our thesis remains generally positive as the major trend remains up and the Index is at its six-year-high level.
Trading on Forex is especially difficult because of humans emotions and greed. How not to lose the deposit and not to give last money for nerves treatment while trading on Forex? Very simply. Meet Forex advisors in the presentation of JustForex
https://justforex.com
this is breakout trading strategy to use. if you understand how the breakout works.you can gain up to 100pips 200pips.
.
if you understand market trending and break out. you can make money with forex.
.
Technical Analysis Explained
Trends in Technical Analysis
Trend Classifications
Support & Resistance
Technical Analysis Indicators
Using the MACD to trade the EUR/USD
Top 10 forex trading tools and tips from Forex Useful - Includes, MT4 Account, Economic calendar, Correlation indicator, Pivot points, Candlestick patterns, Price alerts and a VPS
BlueMax Capital- The Most Reliable Forex Brokerage Firm | Forex - Foreign Exc...BlueMax Capital
BlueMax Capital is a major provider of online foreign exchange (Forex) trading services, offering margin FX and commodities trading to individuals and institutional clients world-wide. Our multi-bank liquidity feed, fast execution and flexible leverage options set us apart as an industry leader. We think that the trader’s only concern should be search of a successful trading strategy. Therefore, we strive to provide high-quality brokerage services so that you can just trade, without being disturbed by anything else.
Our Top 10 Forex Trading Tips And ToolsForex Useful
Here are the Top 10 Forex Trading Tips & Tools we could not do without. The tips are there so you can better understand and implement the tools you feel would also suit you...
Also view at http://forexuseful.com/new/members/21812-our-top-10-tools-tips/our-top-10-forex-trading-tools-tips/
www.ksofttechnologies.com
Investment and analysis has many deep interventions to it. Have a look and get idea about these. Simple moving Average, Exponential moving average, Professional traders, oscillators, break out, Convergence, Divergence, market indicators, IRS, ROc, bullish percent Index.
QNBFS Daily Technical Trader Qatar - November 17, 2021 التحليل الفني اليومي ل...QNB Group
The QE Index managed to close at our expected, 12,000 points, resistance level Our thesis remains generally positive as the major trend remains up and the Index is at its six-year-high level.
QNBFS Daily Technical Trader Qatar - October 16 2019 التحليل الفني اليومي لبو...QNB Group
The Index reached the upper side of the flattish, and now testing the moving averages after it broke below the short- term uptrend channel. That being said, a breakout above that side of the flattish channel means a stronger possibility of a bullish move towards the 11,000 mark.
QNBFS Daily Technical Trader Qatar - November 14 2019 التحليل الفني اليومي لب...QNB Group
The Index reached the upper side of the flattish, and now testing the moving averages after it broke below the short- term uptrend channel. That being said, a breakout above that side of the flattish channel means a stronger possibility of a bullish move towards the 11,000 mark.
QNBFS Daily Technical Trader Qatar - October 15 2019 التحليل الفني اليومي لبو...QNB Group
The Index reached the upper side of the flattish, and now testing the moving averages after it broke below the short- term uptrend channel. That being said, a breakout above that side of the flattish channel means a stronger possibility of a bullish move towards the 11,000 mark.
QNBFS Daily Technical Trader Qatar - November 25 2019 التحليل الفني اليومي لب...QNB Group
The Index reached the upper side of the flattish, and now testing the moving averages after it broke below the short- term uptrend channel. That being said, a breakout above that side of the flattish channel means a stronger possibility of a bullish move towards the 11,000 mark.
QNBFS Daily Technical Trader Qatar - December 01 2019 التحليل الفني اليومي لب...QNB Group
The Index reached the upper side of the flattish, and now testing the moving averages after it broke below the short- term uptrend channel. That being said, a breakout above that side of the flattish channel means a stronger possibility of a bullish move towards the 11,000 mark.
QNBFS Daily Technical Trader Qatar - December 04 2019 التحليل الفني اليومي لب...QNB Group
The Index reached the upper side of the flattish, and now testing the moving averages after it broke below the short- term uptrend channel. That being said, a breakout above that side of the flattish channel means a stronger possibility of a bullish move towards the 11,000 mark.
QNBFS Daily Technical Trader Qatar - December 03 2019 التحليل الفني اليومي لب...QNB Group
The Index reached the upper side of the flattish, and now testing the moving averages after it broke below the short- term uptrend channel. That being said, a breakout above that side of the flattish channel means a stronger possibility of a bullish move towards the 11,000 mark.
QNBFS Daily Technical Trader Qatar - October 17 2019 التحليل الفني اليومي لبو...QNB Group
The Index reached the upper side of the flattish, and now testing the moving averages after it broke below the short- term uptrend channel. That being said, a breakout above that side of the flattish channel means a stronger possibility of a bullish move towards the 11,000 mark.
QNBFS Daily Technical Trader Qatar - November 13 2019 التحليل الفني اليومي لب...QNB Group
The Index reached the upper side of the flattish, and now testing the moving averages after it broke below the short- term uptrend channel. That being said, a breakout above that side of the flattish channel means a stronger possibility of a bullish move towards the 11,000 mark.
QNBFS Daily Technical Trader Qatar - October 09 2019 التحليل الفني اليومي لبو...QNB Group
The Index reached the upper side of the flattish, and now testing the moving averages after it broke below the short- term uptrend channel. That being said, a breakout above that side of the flattish channel means a stronger possibility of a bullish move towards the 11,000 mark.
QNBFS Daily Technical Trader Qatar - October 14 2019 التحليل الفني اليومي لبو...QNB Group
The Index reached the upper side of the flattish, and now testing the moving averages after it broke below the short- term uptrend channel. That being said, a breakout above that side of the flattish channel means a stronger possibility of a bullish move towards the 11,000 mark.
QNBFS Daily Technical Trader Qatar - November 03 2019 التحليل الفني اليومي لب...QNB Group
The Index reached the upper side of the flattish, and now testing the moving averages after it broke below the short- term uptrend channel. That being said, a breakout above that side of the flattish channel means a stronger possibility of a bullish move towards the 11,000 mark.
QNBFS Daily Technical Trader - Qatar for October 21, 2018 التحليل الفني اليوم...QNB Group
The Index managed to break above the 10,000 major psychological level on relatively higher volumes; the main trend remains up and as a result, we expect the Index to continue with its rally.
QNBFS Daily Technical Trader Qatar - October 27 2019 التحليل الفني اليومي لبو...QNB Group
The Index reached the upper side of the flattish, and now testing the moving averages after it broke below the short- term uptrend channel. That being said, a breakout above that side of the flattish channel means a stronger possibility of a bullish move towards the 11,000 mark.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
1. Technical Analysis
Presented by
Dr.K.PRABHAKARAN MBA,M.Phil.,PGDMM,Ph.D.
Faculty-Finance,
RVS Faculty of Management,Coimbatore &
SEBI Financial Education Resource Person
Visiting Faculty- BSE Institute Ltd
2. Technical Analysis
Technical analysis is the attempt to
forecast stock prices on the basis of
market-derived data.
Technical analysts essentially search for
bullish (positive) and bearish (negative)
signals about stock prices or market
direction.
3. Technical Analysis
The technical analyst deal with only three
pieces of data: price, trading volume, and open
interest.
Technical analysts believe that the historical
performance of stocks and markets are
indications of future performance.
4. Types of Charts
Line Chart
Candlestick Chart
Bar Charts
6. Line chart
Stock
Price
Declining
Trend
Channel
Peak
Buy Point
Trough
Rising Trend Channel
Flat Trend Channel
Sell Point
Declining
Trend
Channel Trough
Buy Point
7. Trend Lines
There are three basic
kinds of trends:
An Up trend where prices
are generally increasing.
A Down trend where
prices are generally
decreasing.
A Trading Range.
8. Support and Resistance
Support level is a price level where the price tends to find
support as it is going down
9. Support and Resistance
Resistance Level is a price level where the price tends to
find resistance as it is going up
10. Importance of Support and
Resistance
Support and resistance analysis is an important part of
trends because it can be used to make trading
decisions and identify when a trend is reversing
11. Head and Shoulders
This formation is
characterized by two
small peaks on either
side of a larger peak.
This is a reversal pattern,
meaning that it signifies
a change in the trend.
H&S Top
Head
H&S Bottom
Head
Left Shoulder
Left Shoulder
Right Shoulder
Right Shoulder
Neckline
Neckline
12. Head & Shoulders Example
Sell Signal
Minimum Target Price
Based on measurement rule
13. Double Tops and Bottoms
These formations are
similar to the H&S
formations, but there is
no head.
These are reversal
patterns with the same
measuring implications
as the H&S.
Double Top
Target
Target
Double Bottom
15. Rounded Tops & Bottoms
Rounding formations are
characterized by a slow
reversal of trend.
Rounding
Bottom
Rounding Top
16. 16
2.CANDLESTICK CHART
High
Upper Shadow
Open
Lower Shadow
Low
Bullish Bearish
Body
Close
17. 17
Candle Stick Charting
Green is an example of a
bullish pattern, the stock
opened at (or near) its
low and closed near its
high
Red is an example of a
bearish pattern. The
stock opened at (or near)
its high and dropped
substantially to close near
its low
18. 18
Candle Stick Charting
Top example is called a
hammer and is a
bullish pattern only if it
occurs after the stock
price has dropped for
several days.
Bottom is an example
of a Doji.
22. Bar Chart
This is a bar (open, high, low, close )
23. Example
Double bottom Gap, should get
filled
Nov to Mar
Trading range Descending
triangles
24. Technical Indicators
There are hundreds of technical indicators used to
generate buy and sell signals.
We will look at just a few Indicators
Moving Average
Moving Average Convergence/Divergence
(MACD)
Relative Strength Index (RSI)
Bollinger Bands
Pivot Point
Money Flow Index
25. 25
Moving Average
Calculated by applying a percentage of today's
closing price to yesterday's moving average
value.
The most commonly used moving averages are
of 10,20, 30, 50, 100 and 200 days.
For example: a 10-day simple moving average
is calculated by adding the closing prices for
the last 10 days and dividing the total by 10.
26. Moving Average
The Moving Average Technical Indicator shows
the mean instrument price value for a certain
period of time.
There are four different types of moving
averages:
Simple moving averages
Exponential moving averages
Smoothed moving averages
Linear Weighted moving averages
27. Exponential Moving Average
The exponential moving average is a type of moving
average that gives more weight to recent prices in an
attempt to make it more responsive to new information.
Formula:
30. Moving Average
Convergence/Divergence (MACD)
MACD was developed by Gerald Appel as a
way to keep track of a moving average
crossover system.
Appel defined MACD as the difference
between a 12-day and 26-day moving average.
A 9-day moving average of this difference is
used to generate signals.
When this signal line goes from negative to
positive, a buy signal is generated.
When the signal line goes from positive to
negative, a sell signal is generated.
33. Relative Strength Index (RSI)
RSI was developed by Welles Wilder as an
oscillator to measure overbought/oversold
levels.
RSI is a measure of the ratio of average price
changes on up days to average price changes
on down days.
The most important thing to understand about
RSI is that a level above 70 indicates a stock
is overbought, and a level below 30 indicates
that it is oversold (it can range from 0 to 100).
34. Relative Strength Index (RSI)
The relative strength index (RSI) is one of the most
used tools in Technical analysis. RSI helps to signal
the overbought and oversold conditions in a security.
Formula:
100
RSI = 100 --------
1 + RS
Average Gain
First RS = -----------------
Average Loss
Average Gain = Total Gains / n
Average Loss = Total Loss / n
37. Bollinger Bands
Bollinger bands were created by John Bollinger
(former FNN technical analyst, and regular guest on
CNBC).
Bollinger Bands are based on a moving average of
the closing price.
They are two standard deviations above and below
the moving average.
A buy signal is given when the stock price closes
below the lower band, and a sell signal is given
when the stock price closes above the upper band.
When the bands contract, that is a signal that a big
move is coming, but it is impossible to say if it will
be up or down.
40. MONEY FLOW INDEX (MFI)
Money flow index was discovered by Created
by Gene Quong and Avrum Soudack.
Money flow is positive when the typical price
rises. This is due to buying pressure. A ratio of
positive and negative money flow is then
plugged into an RSI formula to create an
oscillator that moves between zero and one
hundred.
43. Pivot Point
A technical indicator derived by calculating the
numerical average of particular share high, low
and closing prices. The pivot point is used as a
predictive indicator.
If the following day’s market price falls
below the pivot point, it may be used as a new
support level.
Support and resistance are price levels at
which movements should stop and reverse
direction.
44. Formula for Pivot Point
Pivot Point (P) = (High + Low + Close) / 3
Support level 1(S1) = ((2*pivot point) – high))
Resistant level 1(R1) = ((2*pivot point) – low))
Support level 2(S2) = ((pivot point) – (R1-S1))
Resistant level 2(R2) = ((pivot point) + (R1-S1))