In the right hands, oscillators offer an additional opinion on market conditions. At its core, the stochastic oscillator is a momentum indicator in the field of technical analysis: a technical indicator. Momentum is the strength of a positive or negative change in market prices. It essentially measures the speed at which price action is rising/falling. … Continue reading An Introduction to the Stochastic Oscillator with IC Markets
In the 1930s, Ralph Nelson Elliot discovered price movements adhere to certain patterns, composed of what Elliot titled: waves, consequently firing the opening shot in a decades-long debate. Fascinating as it is, the theory is a broad and complex topic within the field of technical analysis, invariably taking practitioners years to master. Despite its complexity, … Continue reading A Primer to Elliot Wave Theory
Born in 1932, Bill Williams is a US-based trader and the author of a number of books on trading, and also the gentleman behind the Awesome oscillator indicator (AO). In addition to this, Williams is the creator of other well-known technical indicators, such as the Accelerator oscillator, Alligator, Fractals, Gator oscillator and the Market Facilitation … Continue reading Measure Market Momentum Using the Awesome Oscillator
You’d be hard pressed to find a formation as ubiquitous as the double bottom or double top, often labelled ‘M’ tops and ‘W’ bottoms for visual reasons. Spend a couple of minutes looking at just about any candlestick/bar chart and numerous W and M patterns are immediately obvious. As a matter of fact, the pattern … Continue reading An Introduction to Double Bottom and Double Top Patterns
Developed by Scott Carney and Larry Pesavento, after being originally discovered by H. M. Gartley, the AB=CD pattern has become an effective technique to have in one’s toolbox. After months of research, back testing and also live trading, we feel comfortable presenting this setup to our readers. Just to be clear, the following is not … Continue reading What is an AB=CD pattern?