Relative Price indicator is an example indicator demonstrating one of the less known technical analysis techniques called Relative Price Analysis.
I will explain what Relative Price Analysis is with several examples.
You can download the indicator here, relativeprice.for
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Many beginner traders have seen trendlines, but not many of them know how to draw trendlines properly. On the other hand, there are even less number of traders know what trend channel is.
I am no expert in trendline or trend channel usages – most of my knowledge about these tools came from my mentors and real life experience. I am going to talk about some basic concepts in using trendlines and trend channels that can help beginners to better understand these two useful technical tools.
Most beginners in trading heard about the concept of tape reading. Unluckily, there is not much materials available that explains it in details. I hope I can provide some guidance here for our readers to learn the basics of tape reading.
Pivot Points, Floor Trader Pivots, Support / Resistance Levels, etc. are all names for the same set of price levels derived from the previous day, week, or month. They are heavily publicized by financial news channels since the late 1990s as the stock market indices seem to react to these prices magically. I am going to discuss the general usage of this technical analysis technique, and some interesting characteristics that has never been discussed publicly.
Have you ever wish for the moving averages to crossover earlier? I am going to show you a way to detect moving average crossovers before they actually happen.
Knowing just your odds with a particular trading setup may not be enough. You need to know the various possible scenarios that may unfold so that you are ready to handle them. Here is a tool that helps you study your trading setups using time distribution analysis.
Since the first Basic Chart Reading article was written, I received many emails asking the fundamental question, “What is Divergence?”. I will try to explain what I know about this concept, hopefully, as precise as possible.
Many beginners try to learn chart reading too quickly, leaving most of the important details behind. I am going to review some of the basic chart reading techniques, hopefully that will help the beginners to read their charts better.