Portfolio Management Software
By J L Kelly March 1956 Abstract / Introduction: If the input symbols to a communication channel represent the outcomes of a chance event on which bets are available at odds consistent with their probabilities (i.e., “fair” odds), a gambler can use the knowledge given him by the received symbols […]
This tutorial written and reproduced with permission from Peter Ponzo Here’s the scenario: We have no shares of stock, but $10,030 in our pocket. We buy 1000 shares of stock at $10.00 per share + $30 transaction costs. Total cost = $10,030. Now we have 1000 shares of stock and […]
Overview Standard Deviation is a statistical measure of volatility. Standard Deviation is typically used as a component of other indicators, rather than as a stand-alone indicator. For example, Bollinger Bands are calculated by adding a security’s Standard Deviation to a moving average. Interpretation High Standard Deviation values occur when the […]
Overview Accumulation/Distribution is a momentum indicator that associates changes in price and volume. The indicator is based on the premise that the more volume that accompanies a price move, the more significant the price move. Interpretation Accumulation/Distribution is really a variation of the more popular On Balance Volume indicator . Both of […]
Overview Inspired by the prior work of Joe Granville and Larry Williams, Marc Chaikin developed a new volume indicator, extending the work done by his predecessors. The Chaikin Oscillator is a moving average oscillator based on the Accumulation/Distribution indicator. Interpretation The following discussion of volume accumulation/distribution interpretation, written by Marc […]