The Dynamic Level Reversal Strategy is a trading approach designed to capitalize on price movements between key support and resistance levels. This strategy leverages configurable levels the trader determines, allowing for flexibility and adaptation to different market conditions. Key Features: Configurable Levels: The strategy uses three key levels: Level 1...
This IBD PowerTrend indicator is designed to help traders identify strong market uptrends based on the IBD Market School's Power Trend methodology. It is intended to be added to daily charts on major indexes. Concept and Methodology The IBD PowerTrend helps traders identify strong market uptrends. Markets generally exist in three states: uptrends, downtrends,...
▮ Introduction The Rate of Change indicator (ROC) is a momentum oscillator. It was first introduced in the early 1970s by the American technical analyst Welles Wilder. It calculates the percentage change in price between periods. ROC takes the current price and compares it to a price 'n' periods (user defined) ago. The calculated value is then plotted and...