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Traders are often inclined to use Bollinger Bands with other indicators to confirm price action. In particular, the use of oscillator-like Bollinger Bands will often be coupled with a non-oscillator indicator-like chart patterns or a trendline. If these indicators confirm the recommendation of the Bollinger Bands, the trader will have greater ...
Donchian channel with support and resistance zones on EUR/USD. The Donchian channel is an indicator used in market trading developed by Richard Donchian. [1] It is formed by taking the highest high and the lowest low of the last n periods. The area between the high and the low is the channel for the period chosen. [2]
Keltner channel is a technical analysis indicator showing a central moving average line plus channel lines at a distance above and below. The indicator is named after Chester W. Keltner (1909–1998) who described it in his 1960 book How To Make Money in Commodities .
Technical trading strategies were found to be effective in the Chinese marketplace by a 2007 study that states, "Finally, we find significant positive returns on buy trades generated by the contrarian version of the moving-average crossover rule, the channel breakout rule, and the Bollinger band trading rule, after accounting for transaction ...
John A. Bollinger (/ ˈ b ɒ l ɪ n dʒ ər /; born 1950) is an American author, financial analyst, contributor to the field of technical analysis and the developer of Bollinger Bands. His book Bollinger on Bollinger Bands (2001), has been translated into eleven languages.
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.
Indicators derived from Drummond Geometry [ edit ] Indicators developed for the efficient application of P&L charting or Drummond geometry include the assemblage of several P&L lines and levels into groups that represent future support and resistance "zones," which are further classified into "nearby" and "further-out" support and resistance areas.
It is often used for detecting divergences from price trends as an overbought/oversold indicator, and to draw patterns on it and trade according to those patterns. In this respect, it is similar to bollinger bands, but is presented as an indicator rather than as overbought/oversold levels. The CCI typically oscillates above and below a zero line.