Plain-English guides to technical indicators, settings, chart behavior, and practical trading rules for trend following and breakout strategies.
Elder Ray Index is a trend and pressure indicator built around an exponential moving average and two power measures. It is usually shown as two histograms called Bull Power and…
DeMarker is a momentum oscillator designed to measure directional pressure using recent highs and lows rather than only closes. It looks at whether today’s high is higher than yesterday’s high…
The Accelerator Oscillator, usually abbreviated AC, is a momentum oscillator shown as a histogram. It is designed to measure whether momentum is accelerating or decelerating, not just whether momentum is…
The Awesome Oscillator is a momentum indicator displayed as a histogram that oscillates around a zero line. It measures the change in momentum by comparing a fast moving average of…
The Chande Momentum Oscillator, often shortened to CMO, is a momentum oscillator designed to measure how strongly price is advancing versus declining over a chosen lookback window. It compares the…
The Fisher Transform is an oscillator designed to highlight turning points by transforming a normalized price series into a curve that tends to produce sharper peaks and troughs. In practice…
True Strength Index, usually shortened to TSI, is a momentum oscillator designed to smooth price change enough to reduce noise while still reacting when momentum meaningfully shifts. It is built…
Ultimate Oscillator is a momentum oscillator designed to reduce false signals that can happen when you rely on a single lookback period. It does that by combining three momentum measures…
Commodity Channel Index CCI is a momentum oscillator designed to show how far price has moved away from its recent average. It does this by comparing a typical price for…
Williams %R is a momentum oscillator that measures where the current close sits inside a recent high to low range. It is a fast way to answer one question: is…