July 2015
Intermediate to advanced
352 pages
9h 40m
English
book
A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced Profits
by Michael C. Thomsett
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12. Momentum Oscillators—Duration and Speed of a Trend
Momentum reveals the character of a trend. It is not an indicator about price or direction of price movement, but a measurement of its strength—and of how that strength increases or decreases during the trend’s life.
In all statistical analysis, the concept of exhaustion applies. This means that no trend continues indefinitely, and eventually, a trend will slow down, stop, or reverse. An analysis of price reveals direction and movement, but momentum is a separate attribute of price. It defines trends in terms of when or if those trends move into a range of overbought or oversold. These areas are measureable, and they occur when reversal is most likely. An overbought condition simply means ...
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.