Detrended Price Oscillator

Detrended Price Oscillator The Detrended Price Oscillator attempts to filter out trend in order to focus on the underlying cycles of price movement. To accomplish this, the moving average (generally 14-period) becomes a straight line and price variation above and below the moving average becomes the Price Oscillator. The Detrended…

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Chaikin Oscillator

Chaikin Oscillator The Accumulation/Distribution Line was covered in a previous article; here, we will examine an indicator that stems from the concept behind the Accumulation/Distribution Line: the Chaikin Oscillator – or Chaikin A/D Oscillator, as it is sometimes called – named after its creator, Marc Chaikin. Before reading this article,…

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Advance Decline Line

Advance Decline Line The Advance Decline Line is used primarily to confirm price movement and detect divergences. The calculation of the Advance Decline Line is quite simple: New York Stock Exchange (NYSE) Advancing Issues – NYSE Declining Issues The calculated number is then added to the previous day’s Advance Decline…

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Bollinger Bands

Bollinger Bands Developed by John Bollinger, Bollinger Bands are volatility bands that are placed above and below a moving average. The moving average represents the average price over a specific period, which smooths the price series. Volatility is based on the standard deviation. Because Bollinger Bands are based on volatility,…

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