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In finance, a trend line is a bounding line for the price movement of a security. It is formed when a diagonal line can be drawn between a minimum of three or more price pivot points. A line can be drawn between any two points, but it does not qualify as a trend line until tested. Hence the need for the third point, the test.
Drummond Geometry consists of the following: [2] [3] Short term trend lines based on two bars in various configurations. Short term 3-period displaced moving averages. An envelope consisting of two trading bands. Co-ordination of these elements in three or more time frames. Typical time-frames vary according to the trader's goal:
The indicator is trend-following, and based on averages, so by its nature it doesn't pick a market bottom, but rather shows when a rally has become established. Coppock designed the indicator (originally called the "Trendex Model" [1]) for the S&P 500 index, and it has been applied to similar stock indexes like the Dow Jones Industrial Average ...
The indicator is a highly-effective technical tool used to evaluate the strength of the current trend and to determine if an established trend will continue or reverse.
Technical analysts also widely use market indicators of many sorts, some of which are mathematical transformations of price, often including up and down volume, advance/decline data and other inputs. These indicators are used to help assess whether an asset is trending, and if it is, the probability of its direction and of continuation.
It is a trend-following (lagging) indicator and may be used to set a trailing stop loss or determine entry or exit points based on prices tending to stay within a parabolic curve during a strong trend. Similar to option theory's concept of time decay, the concept draws on the idea that "time is the enemy". Thus, unless a security can continue ...
ADX Indicator. The average directional movement index (ADX) was developed in 1978 by J. Welles Wilder as an indicator of trend strength in a series of prices of a financial instrument. [1] ADX has become a widely used indicator for technical analysts, and is provided as a standard in collections of indicators offered by various trading platforms.
The MACD indicator thus depends on three time parameters, namely the time constants of the three EMAs. The notation "MACD(a,b,c)" usually denotes the indicator where the MACD series is the difference of EMAs with characteristic times a and b, and the average series is an EMA of the MACD series with characteristic time c. These parameters are ...