June 2006
Beginner
352 pages
7h 6m
English
book
Technical Analysis Plain and Simple: Charting the Markets in Your Language, Second Edition
by Michael N. Kahn
Content preview from Technical Analysis Plain and Simple: Charting the Markets in Your Language, Second EditionBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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Divergence
Divergence is ithe key concept to learn when dealing with supporting studies and indicators. It occurs when the relative trends of prices and of studies are moving in different directions and can be applied to momentum indicators, volume, breadth indicators, and even sector analysis. Divergence can be bullish or bearish, depending on the relative directions of the price and studies. Typically, divergences are resolved when the price moves in the direction of the study.
The relative strength index (RSI) is one of the more popular measures of price momentum.[*] In Figure 13.2, the U.S. dollar index was trending lower in late 2003 and its RSI dipped below 20, a reading that marks an oversold, or overextended, market. In February 2004, ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
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.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
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.