Harmonic patterns are formed when a sequence of run-ups and pullbacks in the market adhere to predefined ratios (typically Fibonacci ratios). Many traders use Harmonic patterns in an attempt to identify key turning points in the markets, as well as [...]
A very common request I receive is to program a Divergence Indicator. While divergence is easy for the eyes to see, it can be difficult to define in programmable terms. As a result, I often found myself spending more time [...]
Unlike most trading indicators, volume is not a derivative of price. Volume can be analyzed along with price in order to help determine the state of a given market. However, like price, Volume data can be difficult to analyze without [...]
