Portfolio Management Software
Overview Equivolume displays prices in a manner that emphasizes the relationship between price and volume. Equivolume was developed by Richard W. Arms, Jr., and is further explained in his book Volume Cycles in the Stock Market. Instead of displaying volume as an “afterthought” on the lower margin of a chart, […]
Overview An envelope is comprised of two moving averages. One moving average is shifted upward and the second moving average is shifted downward. Interpretation Envelopes define the upper and lower boundaries of a security’s normal trading range. A sell signal is generated when the security reaches the upper band whereas […]
Overview The Elliott Wave Theory is named after Ralph Nelson Elliott. Inspired by the Dow Theory and by observations found throughout nature, Elliott concluded that the movement of the stock market could be predicted by observing and identifying a repetitive pattern of waves. In fact, Elliott believed that all of […]
Overview Chaikin’s Volatility indicator compares the spread between a security’s high and low prices. It quantifies volatility as a widening of the range between the high and the low price. Interpretation There are two ways to interpret this measure of volatility. One method assumes that market tops are generally accompanied […]
By John H Forman III Abstract / Introduction: Even as you read this, the candlestick charting technique, with its origins in Japan, is being absorbed into the ways of Western technical analysis. Here’s how candlestick charting can be used for a typically Western technical analysis strategy.