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From Hammer to Harami: Using StockCharts to Crack the Candlestick Code | The Mindful Investor

About the author: David KellerCMT is President and Chief Strategist at Sierra Alpha Research LLC, where he helps active investors make better decisions using behavioral finance and technical analysis. Dave is a CNBC Contributor, and he recaps market activity and interviews leading experts on his “Market Misbehavior” YouTube channel. A former President of the CMT Association, Dave is also a member…

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New Post has been published on Trading Review 360

New Post has been published on http://tradingreview360.com/what-is-the-difference-between-macd-and-the-ppo.html

What is the Difference Between MACD and the PPO

[Stocks Technical Analysis] TradingReview360.com: We endeavour to bring you the very latest from around the globe. The article below is useful for those interested in Stock Charts.

Read on to learn more:

MACD and the Percent Price Oscillator (PPO) are momentum oscillators that measure the difference between two moving averages. MACD(12,26,9) is the absolute difference between the 12-day and 26-day exponential moving averages. PPO(12,26,9) takes MACD one step further by showing the percentage difference between these two moving averages. The PPO is the difference of the two EMAs divided by the 26-day EMA. A 9-day EMA is applied to MACD and the PPO to act as a signal line. ??

Click this image for a live chart??

The difference between MACD and the PPO can be seen on the Dow chart. Notice that MACD values are influenced by the price of the underlying security. The higher the prices are, the larger the MACD values, both positive and negative. MACD for the Dow fluctuated between +150 and -200. Basically, the PPO values are the MACD values divided by the 26-day EMA. The PPO fluctuated between +1.1% and -1.6%. You can read more on MACD and the PPO in our ChartSchool.

Check out the original source here.

What Is Technical Analysis?

Technical Analysis is the forecasting of future financial cost movements based upon an evaluation of past cost motions. Like weather forecasting, technical analysis does not lead to downright forecasts about the future. Instead, technical analysis can assist traders anticipate just what is likely to occur to stocks over time.

Technical analysis makes use of a wide variety of charts that reveal cost over time.

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New Post has been published on Trading Review 360

New Post has been published on http://tradingreview360.com/what-is-the-difference-between-a-simple-and-exponential-moving-average.html

What is the Difference between a Simple and Exponential Moving Average?

[Stocks Technical Analysis] TradingReview360.com: We aim to bring you the very latest from worldwide. The post below is aimed at those interested in Stock Charts.

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There are two types of moving averages offered on the SharpCharts workbench: simple moving averages and exponential moving averages. As with all averages, both show an average price over a specified look-back period. The 50-day simple moving average (SMA) is the average price over the last 50 days. The exponential moving average (EMA) takes this average one step further by applying more weight to current prices. This reduces the lag and increases the price sensitivity.

Click this image for a live chart.

The chart above shows the S&P 500 ETF (SPY) with the 50-day SMA in red and the 50-day EMA in green (dashed). Notice how the EMA turned up ahead of the SMA in July and again in December. In fact, the 50-day SMA is still moving lower and has yet to turn up. These two moving averages often have different uses. Simple moving averages are often used to mark support and resistance levels. Exponential moving averages, because of their price sensitivity, are often used to define price direction. You can read more about moving averages in our ChartSchool.

Check out the original source here.

What Is Technical Analysis?

Technical Analysis is the forecasting of future financial rate trends based upon an evaluation of former rate movements. Like weather forecasting, technical analysis does not result in absolute forecasts about the future. Instead, technical analysis can help traders anticipate exactly what is most likely to happen to rates over time.

Technical analysis uses a large variety of charts that reveal rate in time.

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New Post has been published on Trading Review 360

New Post has been published on http://tradingreview360.com/what-is-the-difference-between-macd-and-the-ppo-indu-2/

What is the Difference Between MACD and the PPO $INDU

[Stocks Technical Analysis] TradingReview360.com: We search to deliver you the best articles from worldwide. The following article is aimed at those interested in Technical Analysis.

Read on to find out more:

MACD and the Percent Price Oscillator (PPO) are momentum oscillators that measure the difference between two moving averages. MACD(12,26,9) is the absolute difference between the 12-day and 26-day exponential moving averages. PPO(12,26,9) takes MACD one step further by showing the percentage difference between these two moving averages. The PPO is the difference of the two EMAs divided by the 26-day EMA. A 9-day EMA is applied to MACD and the PPO to act as a signal line. ??

Click this image for a live chart??

The difference between MACD and the PPO can be seen on the Dow chart. Notice that MACD values are influenced by the price of the underlying security. The higher the prices are, the larger the MACD values, both positive and negative. MACD for the Dow fluctuated between +150 and -200. Basically, the PPO values are the MACD values divided by the 26-day EMA. The PPO fluctuated between +1.1% and -1.6%. You can read more on MACD and the PPO in our ChartSchool.

Check out the original source here.

What Is Technical Analysis?

Technical Analysis is the forecasting of future financial cost trends based on an evaluation of past cost movements. Like weather forecasting, technical analysis does not lead to absolute forecasts about the future. Instead, technical analysis could assist investors anticipate just what is likely to occur to stocks in time.

Technical analysis utilizes a large selection of charts that reveal cost over time.

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New Post has been published on Trading Review 360

New Post has been published on http://tradingreview360.com/what-is-the-difference-between-macd-and-the-ppo-indu-2/

What is the Difference Between MACD and the PPO $INDU

[Stocks Technical Analysis] TradingReview360.com: We aim to deliver you the very latest from all over the world. The following article is aimed at those interested in Stock Charts/ Technical Analysis.

Read on to learn more:

MACD and the Percent Price Oscillator (PPO) are momentum oscillators that measure the difference between two moving averages. MACD(12,26,9) is the absolute difference between the 12-day and 26-day exponential moving averages. PPO(12,26,9) takes MACD one step further by showing the percentage difference between these two moving averages. The PPO is the difference of the two EMAs divided by the 26-day EMA. A 9-day EMA is applied to MACD and the PPO to act as a signal line. ??

Click this image for a live chart??

The difference between MACD and the PPO can be seen on the Dow chart. Notice that MACD values are influenced by the price of the underlying security. The higher the prices are, the larger the MACD values, both positive and negative. MACD for the Dow fluctuated between +150 and -200. Basically, the PPO values are the MACD values divided by the 26-day EMA. The PPO fluctuated between +1.1% and -1.6%. You can read more on MACD and the PPO in our ChartSchool.

Check out the original source here.

What Is Technical Analysis?

Technical Analysis is the forecasting of future monetary price trends based on an examination of past price movements. Like weather forecasting, technical analysis does not result in absolute forecasts about the future. Instead, technical analysis could assist traders anticipate what is likely to happen to rates in time.

Technical analysis utilizes a broad variety of charts that reveal price over time.

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New Post has been published on Trading Review 360

New Post has been published on http://tradingreview360.com/how-can-i-measure-the-correlation-between-two-securities/

How Can I Measure the Correlation between Two Securities?

[Stocks Technical Analysis] TradingReview360.com: We aim to deliver you the best posts from all over the world. The post below is for those interested in Stock Charts.

Read on to find out more:

SharpCharts users can measure correlation at least two ways. First, chartists can compare two securities by plotting the price of one behind the price of the other. Second, chartists can use the Correlation Coefficient to quantify correlation. Positively correlated securities rise and fall together, while negatively correlated securities move in opposite directions. SharpCharts users can add another security to a chart by selecting “price” as an indicator, entering the security’s symbol as the parameter and positioning the security “behind price”. The resulting chart will show the price plots for two securities in the main chart window

Click this image for a live chart

The chart above shows Spot Gold ($GOLD) and the US Dollar Index ($USD) over the last two years. $GOLD is the main security, while $USD was entered as the “price” indicator. Different colors were selected to compare and contrast. These two securities are negatively correlated for the most part. Notice how one tends to rise when the other falls, and visa versa. Also notice that the Correlation Coefficient ($GOLD,$USD) has spent most of its time in negative territory. Something rather unusual is happening now though. Notice that both gold and the Dollar have fallen over the last five weeks. This positive correlation is confirmed with a surge in the Correlation Coefficient, which hit its highest level since early 2011. You can read more on the Correlation Coefficient in our ChartSchool.

Check out the original source here.

What Is Technical Analysis?

Technical Analysis is the forecasting of future financial rate movements based on an examination of previous rate trends. Instead, technical analysis could assist traders anticipate just what is most likely to happen to costs over time.