What is the bulls and bears power indicator?
The Bulls and Bears Power indicator was developed by the well-known technical analyst Alexander Elder and is described in his book, Trading for a Living. Although the concept may at first seem slightly complicated, it is actually very simple and uses just the price and an exponential moving average. Let’s study the two components:
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The Awesome Oscillator (AO) indicator was created by the analyst Bill Williams and is used to measure market momentum. It does this by calculating the difference between a 34 period and a five period simple moving average (SMA).
Candlestick charts are many traders’ favourite way of looking at price movements of a share or commodity. Let’s take a closer look and see how to identify different types of candlestick patterns.
An Elliott Wave has two basic phases this may seem complicated at first, these types of phases are much easier to understand once visualised on a chart.
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How to Identify Different Types of Candlestick Patterns?
Candlestick charts are many traders’ favourite way of looking at price movements of a share or commodity. Let’s take a closer look and see how to identify different types of candlestick patterns.
Elliot Waves: phases and rules
An Elliott Wave has two basic phases this may seem complicated at first, these types of phases are much easier to understand once visualised on a chart.