October 2012
Intermediate to advanced
250 pages
6h 3m
English
book
Timing Solutions for Swing Traders: A Novel Approach to Successful Trading Using Technical Analysis and Financial Astrology
by Robert Lee, Peter Tryde
Content preview from Timing Solutions for Swing Traders: A Novel Approach to Successful Trading Using Technical Analysis and Financial AstrologyBecome 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,
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.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.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.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.
MOMENTUM OSCILLATOR
Momentum is perhaps one of the easier oscillators to understand. It measures the speed of price changes. The Longman Dictionary of Contemporary English defines momentum as “the force gained by the movement or development of events.” In technical analysis, momentum is a technique of comparing prices at different times.
A price rise, or a price decline, from one day to the next day, is described as a one-day momentum. That is, today’s momentum is today’s close minus yesterday’s close.
A 10-day momentum means the comparison of today’s price to the price 10 days ago: Price [today] less Price [previous 10-day]. If today’s price is greater than the price 10 days ago, it will be a positive momentum, and if today’s price is less than the price 10 days ago, it will be a negative momentum. Momentum is also known as the rate of change of price.
Momentum oscillators include popular classics like Appel’s MACD Histogram, Stochastic, Wilder’s Relative Strength Index, and Williams %R. Momentum is useful in identifying early trend direction. Momentum has one powerful trait; it tracks how fast the price trend is moving, and gains or losses of speed. Unfortunately, momentum is sometimes not easy to identify because price and momentum do not always move in tandem.
If the price increases on a rally, the momentum becomes positive and rises with the price. However, when the price gets closer to its imminent peak or goes into a bracket market, the continuing rally in price will slow ...
Become 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,
and much more.
Read now
Unlock full access
More than 5,000 organizations count on O’Reilly
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.