Portfolio Management Software
By Alex Douglas and MMS Singapore Abstract / Introduction: Everybody with exposure to the commentary of technical analysts has come across the name Fibonacci or its common abbreviation, Fibo. We hear of Fibonacci retracements, Fibonacci levels, Fibonacci targets and Fibonacci fans among others. These Fibonacci comments are often supplied with […]
Overview The Directional Movement System helps determine if a security is “trending.” It was developed by Welles Wilder and is explained in his book, New Concepts in Technical Trading Systems. Interpretation The basic Directional Movement trading system involves comparing the 14-day +DI (“Directional Indicator”) and the 14-day -DI. This can […]
Overview The Cumulative Volume Index (“CVI”) is a market momentum indicator that shows whether money is flowing into or out of the stock market. It is calculated by subtracting the volume of declining stocks from the volume of advancing stocks, and then adding this value to a running total. Interpretation […]
Overview The Demand Index combines price and volume in such a way that it is often a leading indicator of price change. The Demand Index was developed by James Sibbet. Interpretation Mr. Sibbet defined six “rules” for the Demand Index: A divergence between the Demand Index and prices suggests an […]
Overview The Detrended Price Oscillator (“DPO”) attempts to eliminate the trend in prices. Detrended prices allow you to more easily identify cycles and overbought/oversold levels. Interpretation Long-term cycles are made up of a series of short-term cycles. Analyzing these shorter term components of the long-term cycles can be helpful in […]