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Overview Speed Resistance Lines (“SRL”), sometimes called 1/3-2/3 lines, are a series of trendlines that divide a price move into three equal sections. They are similar in construction and interpretation to Fibonacci Fan Lines. Interpretation Speed Resistance Lines display three trendlines. The slope of each line defines a different rate […]
Overview The Mass Index was designed to identify trend reversals by measuring the narrowing and widening of the range between the high and low prices. As this range widens, the Mass Index increases; as the range narrows the Mass Index decreases. The Mass Index was developed by Donald Dorsey. Interpretation […]
Overview The McClellan Oscillator is a market breadth indicator that is based on the smoothed difference between the number of advancing and declining issues on the New York Stock Exchange. The McClellan Oscillator was developed by Sherman and Marian McClellan. Extensive coverage of the oscillator is provided in their book […]
Overview Quadrant Lines are a series of horizontal lines that divide the highest and lowest values (usually prices) into four equal sections. Interpretation Quadrant Lines are primarily intended to aid in the visual inspection of price movements. They help you see the highest, lowest, and average price during a specified […]
Overview STIX is a short-term trading oscillator that was published in The Polymetric Report. It compares the amount of volume flowing into advancing and declining stocks. Interpretation According to The Polymetric Report: STIX usually ranges between +42 and +58. If STIX gets as low as 45, the market is almost […]