There are 80 popular technical indicators provided with Alpha Trader. These technical indicators help user to analyze the charts.
Adding Technical indicator:
The available technical indicators in Alpha Trader are as follows:
- Simple Moving Average
The Simple Moving Average is simply an average of values over a specified period of time. A MovingAverage is most often used to average values for a smoother representation of the underlying price or indicator.
- Exponential Moving Average
An Exponential Moving Average is similar to a Simple Moving Average. An EMA is calculated by applyinga small percentage of the current value to the previous value. An EMA applies more weight to recentvalues.
- Time Series Moving Average
A Time Series Moving Average is similar to a Simple Moving Average, except that values are derivedfrom linear regression forecast values instead of raw values.
- Triangular Moving Average
The Triangular Moving Average is similar to a Simple Moving Average, except that more weight is givento the price in the middle of the moving average periods.
- Variable Moving Average
A Variable Moving Average is an exponential moving average that adjusts to volatility.
- VIDYA Moving Average
VIDYA (Volatility Index Dynamic Average), developed by Chande, is a moving average derived fromlinear regression R2. As VIDYA is a derivative of linear regression, it quickly adapts to volatility.
- Welles Wilder Smoothing
Wilder’s Smoothing indicator was developed by Welles Wilder and mentioned in his book” NewConcepts in Technical Trading”. Wilder used the Smoothing indicator as a component in several of hisother indicators including the RSI. Wilder’s Smoothing indicator can be used in the same capacity asother moving averages. The smoothing indicator is used as an input in Wilder’s other indicators such asthe RSI, Wilder’s Swing Indicator and Wilder’s Volatility Indicator.
- Weighted Moving Average
A Weighted Moving Average places more weight on recent values and less weight on older values.
- Williams %R
Williams’ %R measures overbought/oversold levels. The most widely used method for interpretingWilliams’ %R is to buy when the indicator rises above 80 or sell when the indicator falls below 20.
- Williams Accumulation Distribution
The Accumulation/Distribution indicator shows a relationship of price and volume. When the indicatoris rising, the security is said to be accumulating. Conversely, when the indicator is falling, the security issaid to being distributing. Prices may reverse when the indicator converges with price.
- Volume Oscillator
The Volume Oscillator shows a spread of two different moving averages of volume over a specifiedperiod of time. The Volume Oscillator offers a clear view of whether or not volume is increasing ordecreasing.
- Vertical Horizontal Filter
The Vertical Horizontal Filter (VHF) identifies whether a market is in a trending or choppy movementphase. The VHF indicator is most commonly used as an indicator of market volatility. It is also frequentlyused as a component for other technical indicators.
- Ultimate Oscillator
The Ultimate Oscillator compares prices with three oscillators, using three different periods forcalculations. The most popular interpretation of the Ultimate oscillator is price/indicator divergence.
- True Range
The Average True Range (Wilder) measures market volatility. High ATR values may signal marketbottoms, and low ATR values may signal neutral markets.
TRIX is a momentum oscillator that shows the rate of change of an exponentially averaged closing price.The most common interpretation of the TRIX oscillator is to buy when the oscillator rises and sell whenthe oscillator falls. 3, 8 and 14 period moving averages are often used to smooth the TRIX oscillator.
- Rainbow Oscillator
The Rainbow Charts indicator is a trend-following indicator. It is based on a two-period simple movingaverage. Over that, recursive smoothing is applied to the original MA (moving average) to create nineadditional moving averages, each being based on the previous MA. Through a process of repetitivesmoothing, the result obtained is a full spectrum of trends, which plotted on a chart with continuouscolors, have the appearance of a rainbow. The Rainbow Oscillator Indicator is, like the Rainbow Charts,an indicator used to follow trends and its graph is plotted based on the same calculations made to findthe Rainbow Charts. The oscillator is a derivative from a consensus of the Rainbow Charts trends,defining the highest high value and lowest low value among those moving averages, and creates anoscillator and bandwidth lines according to those calculations.
- Price Oscillator
The Price Oscillator shows a spread of two moving averages. The Price Oscillator is basically a movingaverage spread. Buying usually occurs when the oscillator rises, and conversely, selling usually occurswhen the oscillator falls.
- Parabolic SAR
Parabolic SAR (SAR) is a time and price technical analysis tool primarily used to identify points ofpotential stops and reverses. In fact, the SAR in Parabolic SAR stands for "Stop and Reverse". Theindicator's calculations create a parabola which is located below price during a bullish trend and aboveprice during a bearish Trend.
- Momentum Oscillator
The momentum indicator calculates change of over a specified length of time as a ratio. Increasinglyhigh values of the momentum oscillator may indicate that prices are trending strongly upwards. Themomentum oscillator is closely related to MACD and Price Rate of Change (ROC).
The MACD is a moving average oscillator that shows potential overbought/oversold phases of marketfluctuation. The MACD is a calculation of two moving averages of the underlying price/indicator.Buy/Sell interpretations may be derived from crossovers (calculated from the Signal/Periods argument),overbought/oversold levels of the MACD and divergences between MACD and actual price.
- Ease of Movement
The Ease of Movement oscillator shows a unique relationship between price change and volume. TheEase of Movement oscillator rises when prices are trending upwards under low volume, and likewise,the Ease of Movement oscillator falls when prices are trending downwards under low volume.
- Directional Movement System
Directional Movement System (DMS) is composed of 3 indicators:Negative directional indicator (DI-): Negative directional indicator (DI-) is component of averagedirectional index (ADX). If DI- is sloping forward, it is signal that downtrend is increasing.Positive directional indicator (DI+): Positive directional indicator (DI+) is component of averagedirectional index (ADX). If DI+ is sloping upward, it is signal that uptrend is increasing.Average directional index (ADX): Average Directional Index (ADX) was created by J. Welles Wilder asindicator of trend strength.
- Detrended Price Oscillator
The Detrended Price Oscillator is used when long-term trends or outliers must be removed from pricesor index indicators. This indicator is often used to supplement a standard price chart. Other indicatorscan be plotted over the Detrended Price Oscillator.
- Chande Momentum Oscillator
The Chande Momentum Oscillator (Chande) is an advanced momentum oscillator derived from linearregression. Increasingly high values of CMO may indicate that prices are trending strongly upwards.Conversely, increasingly low values of CMO may indicate that prices are trending strongly downwards.CMO is related to MACD and Price Rate of Change (ROC).
- Chaikin Volatility
The Chaikin Volatility Oscillator is a moving average derivative of the Accumulation/Distribution index.The Chaikin Volatility Oscillator adjusts with respect to volatility, independent of long-term price action.
The Aroon indicator is used to define if a currency-trading price is following a trend or sideways and tomeasure the trend's strength. If the currency's trading price is going up, the end for this period will becloser, and on the contrary. The Aroon indicator shows in percents how much time passed between theup (highest) and down (lowest) close starting from the beginning of a period.
- Aroon Oscillator
The Aroon Oscillator, the positive value shows a coming or an upward trend, and the negative valueindicates a downward trend. When the absolute value of an oscillator becomes higher, an indication of atrend is also getting stronger.
- Linear Regression
Linear Regression R-SquaredLinear Regression ForecastLinear Regression SlopeLinear Regression InterceptLinear regression is a common statistical method used to forecast values using least squares fit. Theresult for Linear Regression has four Field objects: “R-Squared”, “Forecast”, “Slope” and “Intercept”.Where R-Squared is the coefficient of determination, Forecast is the linear regression forecasted valuefor the next period, Slope is the slope value for the periods being analyzed and Intercept is the endperiod’s Y intercept value.
- Price Volume Trend
The Price and Volume Trend index is closely related to the On Balance Volume index. The price andvolume trend index generally precedes actual price movements. The premise is that well-informedinvestors are buying when the index rises and uninformed investors are buying when the index falls.
- Performance Index
The Performance indicator calculates price performance as a normalized value or percentage. APerformance indicator shows the price of a security as a normalized value. If the Performance indicatorshows 50, then the price of the underlying security has increased 50% since the start of thePerformance indicator calculations. Conversely, if the indictor shows –50, then the price of theunderlying security has decreased 50% since the start of the Performance indicator calculations.
- Commodity Channel Index
Commodity Channel Index (CCI) is a versatile indicator that can be used to identify a new trend or warnof extreme conditions. Lambert originally developed CCI to identify cyclical turns in commodities, butthe indicator can successfully applied to indices, ETFs, stocks and other securities. In general, CCImeasures the current price level relative to an average price level over a given period of time. CCI isrelatively high when prices are far above their average. CCI is relatively low when prices are far belowtheir average. In this manner, CCI can be used to identify overbought and oversold levels.
- Chaikin Money Flow
Developed by Marc Chaikin, Chaikin Money Flow measures the amount of Money Flow Volume over aspecific period. Money Flow Volume forms the basis for the Accumulation Distribution Line. Instead of acumulative total of Money Flow Volume, Chaikin Money Flow simply sums Money Flow Volume for aspecific look-back period, typically 20 or 21 days. The resulting indicator fluctuates above/below thezero line just like an oscillator. Chartists weigh the balance of buying or selling pressure with theabsolute level of Chaikin Money Flow. Chartists can also look for crosses above or below the zero line toidentify changes on money flow.
- Weighted Close
The Weighted Close indicator is simply an average of each day's price. It gets its name from the fact thatextra weight is given to the closing price. The Median Price and Typical Price are similar indicators.
- Volume ROC
The Volume Rate of Change indicator shows clearly whether or not volume is trending in one directionor another. Sharp volume ROC increases may signal price breakouts.
- Typical Price
A Typical Price is simply an average of one period’s high, low and close values. A Typical Price is oftenused as an alternative way of viewing price action, and also as a component for calculating otherindicators.
- Standard Deviation
Standard Deviation is a common statistical calculation that measures volatility. Other technicalindicators are often calculated using Standard Deviation. Major highs and lows often accompanyextreme volatility. High values of Standard Deviation indicate that the price or indicator is more volatilethan usual.
- Price ROC
The Price ROC shows the difference between the current price and the price one or more periods in thepast. A 12-day Price ROC is most often used as an overbought/oversold indicator.
- Median Price
A Median Price is simply an average of one period’s high and low values.A Median Price is often used as an alternative way of viewing price action, and also as a component forcalculating other indicators.
- High Minus low
Return high price minus low price.
- Bollinger Bands
Bollinger Bands are similar in comparison to moving average envelopes. Bollinger Bands are calculatedusing standard deviations instead of shifting bands by a fixed percentage. Bollinger Bands (as with mostbands) can be imposed over an actual price or another indicator.When prices rise above the upper band or fall below the lower band, a change in direction may occurwhen the price penetrates the band after a small reversal from the opposite direction.
- Fractal Chaos Band
Fractal Chaos Bands indicator helps us to identify whether the stock market is trending or not. When amarket is trending, the bands will have a slope and if market is not trending the bands will flatten out.As the slope of the bands decreases, it signifies that the market is choppy, insecure and variable. As thegraph becomes more and more abrupt, be it going up or down, the significance is that the marketbecomes trendy, or stable. Fractal Chaos Bands indicator is used similarly to other bands-indicator(Bollinger bands for instance), offering trading opportunities when price moves above or under thefractal lines.
- High/Low Bands
High Low Bands consist of triangular moving averages calculated from the underling price, shifted upand down by a fixed percentage, and include a median value. When prices rise above the upper band orfall below the lower band, a change in direction may occur when the price penetrates the band after asmall reversal from the opposite direction.
- Moving Average Envelope
Moving Average Envelopes consist of moving averages calculated from the underling price, shifted upand down by a fixed percentage. Moving Average Envelopes (or trading bands) can be imposed over anactual price or another indicator.When prices rise above the upper band or fall below the lower band, a change in direction may occurwhen the price penetrates the band after a small reversal from the opposite direction.
- Swing Index
The Swing Index (Wilder) is a popular indicator that shows comparative price strength within a singlesecurity by comparing the current open, high, low and close prices with previous prices. The Swing Indexis a component of the Accumulative Swing Index.
- Accumulative Swing Index
The Accumulative Swing Index (Wilder) is a cumulative total of the Swing Index. The Accumulative SwingIndex may be analyzed using technical indicators, line studies, and chart patterns, as an alternative viewof price action.
- Comparative RSI
The Comparative Relative Strength index divides one price field by another price field. The base securityis outperforming the other security when the Comparative RSI is trending upwards.
- Mass Index
The Mass Index identifies price changes by indexing the narrowing and widening change between highand low prices. According to the inventor of the Mass Index, reversals may occur when a 25-periodMass Index rises above 27 or falls below 26.5.
- Money Flow Index
The Money Flow Index measures money flow of a security, using volume and price for calculations.Market bottom below 20 and top above 80. Divergence of price and Money Flow Index are also used.
- Negative Volume Index
The Negative Volume Index shows focus on periods when volume decreases from the previous period.The interpretation of the Negative Volume Index is that well-informed investors are buying when theindex falls and uninformed investors are buying when the index rises.
- On Balance Volume
The On Balance Volume indicator shows a relationship of price and volume as a momentum index. OnBalance Volume index generally precedes actual price movements. The premise is that well-informedinvestors are buying when the index rises and uninformed investors are buying when the index falls.
- Positive Volume Index
The Positive Volume Index shows focus on periods when volume increases from the previous period.The interpretation of the Positive Volume Index is that many investors are buying when the index rises,and selling when the index falls.
- Relative Strength Index
The RSI (Wilder) is a popular indicator that shows comparative price strength within a single security. 9,14 and 25 period RSI calculations are most popular. The most widely used method for interpreting theRSI is price/RSI divergence, support/resistance levels and RSI chart formations.
- Trade Volume Index
The Trade Volume index shows whether a security is being accumulated or distribute (similar to theAccumulation/Distribution index). When the indicator is rising, the security is said to be accumulating.Conversely, when the indicator is falling, the security is said to being distributing. Prices may reversewhen the indicator converges with price.
- Stochastic Oscillator
The Stochastic Oscillator is a popular indicator that shows where a security’s price has closed inproportion to its closing price range over a specified period of time. The Stochastic Oscillator has twocomponents: %K and %D. %K is most often displayed as a solid line and %D is often shown as a dottedline. The most widely used method for interpreting the Stochastic Oscillator is to buy when eithercomponent rises above 80 or sell when either component falls below 20. Another way to interpret theStochastic Oscillator is to buy when %K rises above %D, and conversely, sell when %K falls below %D.
- Stochastic Momentum Index
Commonly abbreviated to SMI, Stochastic Momentum Index is advancement in the Stochastic Oscillator.Stochastic Oscillator is primarily used to calculate the distance between the current close and recenthigh/low range for n-period. Stochastic Momentum Index shows the distance of current close relative tothe center of high/low range. SMI is reasonably less unpredictable than Stochastic Oscillator over asingle period. SMI normally ranges in between +100 and -100. Stochastic Momentum Oscillator is usedin conjunction with the Tushar Chande Momentum Oscillator.
- Fractal Chaos Oscillator
When looking at price movement charts, if the time scale is not given, sometimes it’s very hard todetermine whether the bars in the chart are referring to hours, days or months. The chart always looksexactly the same regardless of its time resolution, with the only difference being the size. To examine these patterns the Fractal Chaos Oscillator can be used to determine what is happening in the current level of resolution. Fractal Chaos Oscillator is a great indicator to use in intra-day trading.
- Prime Number Oscillator
This indicator finds the nearest prime number from either the top or bottom of the series, and plots thedifference between that prime number and the series itself. This indicator can be used to spot marketturning points. When the oscillator remains at the same high point for two consecutive periods in thepositive range, consider selling. When the oscillator remains at a low point for two consecutive periodsin the negative range, consider buying.
- Prime Number Bands
This indicator finds the nearest prime number for the high and low, and plots the two series as bands.This indicator can be used to spot market-trading ranges.
- Historical Volatility
“Volatility” is an important term used in the stock markets and by many market professionals. Manyinvestors use this term to manage their risk. “Volatility”, in simpler terms, means the fluctuation in astock’s or any other underlying price, over a specific period of time. Volatility is divided in to twocategories. The first one is “Historical volatility” and the other one is “Implied volatility”. “Historicalvolatility” is defined as the historical fluctuation in a particular underlying price, whereas “Impliedvolatility” is the estimation of volatility in an asset’s price. Generally, “Implied volatility” finds extensiveuse in “Options”.Understanding “Historical volatility” is important for many investors as well as traders. For investors,this term is important, because it helps in estimating or calculating their risk. Traders, generally use“Historical volatility” to know how volatile a stock or an index will be in the future.
- MACD Histogram
MACD Histogram measures the distance between MACD and its signal line (the 9-day EMA of MACD).Like MACD, the MACD-Histogram is also an oscillator that fluctuates above and below the zero line. Itanticipates signal line crossovers in MACD. Because MACD uses moving averages and moving averageslag price, signal line crossovers can come late and affect the reward-to-risk ratio of a trade. Bullish orbearish divergences in the MACD-Histogram can alert chartists to an imminent signal line crossover inMACD.
- Elder Ray Bull Power
Elder Ray Bull Power uses a 13-day exponential moving average (EMA) to indicate the consensus marketvalue.
- Elder Ray Bear Power
Bear Power is derived by subtracting the 13-day EMA from the day’s low. Where a currency downtrendis sustained to the point that minimum prices move below the EMA the Bear Power histogram will beless than zero. As price minimums accelerate to lower levels (below the EMA) during the falling trendhistogram bars will increase in height below the zero line showing increased selling strength during theperiod.
- Elder Force Index
Elder's Force Index (EFI) measures the power behind a price movement using price and volume. Theindicator can also be used to identify potential reversals and price corrections. The EFI is an oscillatorthat fluctuates between positive and negative values, above and below a zero line.
- Elder thermometer
The Market Thermometer translates market activity into a "hot" and "cold" histogram for bettervisualization.
- Ehler Fisher Transform
It was designed to identify major price reversals with its rapid response time and sharp, clear turningpoints. The assumption is that prices do not have a gaussian probability density function (bell-shapedcurve movement), but by normalizing price and applying the Fisher Transform user could create a nearlygaussian curve.
- Keltner Channel
The Keltner Channel is a moving average band indicator who’s upper and lower bands adapt to changesin volatility by using the average true range. The Keltner Channel is used to signal price breakouts, showtrend, and give overbought and oversold readings.
- Market Facilitation Index
Market Facilitation Index Technical Indicator (MFI) is the indicator which shows the change of price forone tick. Absolute values of the indicator do not mean anything as they are, only indicator changes havesense.
- Schaff Trend Cycle
The Schaff Trend Cycle Indicator is the product of combining Slow Stochastics and the Moving AverageConvergence/Divergence (MACD). The MACD has a reputation to be a trend indicator, yet it has anequal reputation to be lagging due to its slow responsive signal line. The improved signal line gives theSTC its relevance as an early warning sign to detect currency trends.
A technical indicator developed by Tushar Chande to numerically identify trends in candlestick charting.It is calculated by taking 'n' period moving average of the difference between the open and closingprices. If Qstick value is greater than zero means that the majority of the last 'n' days have been up,indicating that buying pressure has been increasing.
STARCbands (Stoller Average Range Channels) are three bands forming a channel around simplemoving average.The indicator is similar to Bollinger Bands; STARC bands are narrowing on the flat markets and wideningon the volatile markets. However, STARC bands do not measure the highness and lowness of the priceand do not take into account standard deviation as Bollinger Bands. It is calculated by means of AverageTrue Range (ATR) providing more detailed information on market volatility. Using STARC bands period10 is an optimum parameter for ATR.This indicator has two functions. First, it is used as a signal which recommends opening buy or sell dealswhen the price crosses the boarders of STARC bands. In this case one should wait till the priceconsolidates above or under the STARC bands and stop loss should be placed after the median line.Second, STARC indicator can be used as an indicator whether the price is oversold or overbought. Inorder to do it index K should be moved from 3 to 1.33. In this case test of the price of STARC bandsmeans the price has reached extreme values; the probability of price swing is very high. This signalshould be accompanied by signals of oscillators pointing out oversold/overbought areas (for example,RSI indicator).
- Center of Gravity
The Center of Gravity is an oscillator developed by John Ehler and presented in Stocks & Commoditiesmagazine (05.2002). This oscillator produces almost zero lag indicating the pivot points with the preciseaccuracy. The indicator was the result of studies of adaptive filters.
- Coppock Curve
The Coppock curve is a long-term price momentum indicator used primarily to recognize major bottomsin the stock market. Most technical market analysts consider the Coppock curve to be an excellent toolfor discriminating between bear market rallies and true bottoms in the stock market. The indicator wasdesigned for use on a monthly time scale and is calculated as a 10-month weighted moving average ofthe sum of the 14-month rate of change and the 11-month rate of change for the index.
- Chande Forecast Oscillator
The oscillator is above the zero point if the forecast price is higher than the current price. On thecontrary, if it is below it turns out to be less than zero. When the forecast price and the current price areequal, the oscillator makes a zero. Current prices that are constantly over the forecast price suggesthigher prices ahead and prices that are constantly under the forecast price suggest lower prices ahead.
- Gopalakrishnan Range Index
The Gopalakrishnan Range Index (GAPO) by JayanthiGopalakrishnan quantifies the variability in a stock,based on the logarithm of the trading range over an N-day period (default 5 days).
- Random Walk
The basis of Random Walk Indicator is a theory of the shortest path from one point to another.In case the prices stay too far from the line traced for a period, then the movement efficiency isconsidered to be minimal. Highly random movement creates considerably fluctuating RWI.The number of periods, recommended by effective RWI applying is from 2 to 7 for the short term,whether the long- term requires from 8 to 64 periods. It is done to show the short- term fluctuationsand long term trends. RWI peaks in the short term indicate with the price highs, whether its bottomdescribes price decline.
- Intraday Momentum Index
The IMI (intraday momentum index) is a ratio of the total magnitude of the up day candle bodies to thetotal magnitude of the down day candle bodies over the past x-days. An up day candle body is whiteand is the close minus the open for a particular day. A down day candle body is black and is the openminus the close for a particular day. So if user see a lot of consecutive long white candle bodies and onlya few short black body candle bodies on a stock chart then the IMI will be high (perhaps near 100%).The 'imi' indicator is used in indicator formula construction to narrow the stock pre-screener results toinclude only those stocks that have an imi restricted to the parameters set for the imi indicator.
- Kinger Volume Oscillator
A technical indicator developed by Stephen Klinger that is used to determine long-term trends of moneyflow while remaining sensitive enough to short-term fluctuations to enable a trader to predict short-term reversals. This indicator compares the volume flowing in and out of a security to price movement,and it is then turned into an oscillator.
- Pretty Good Oscillator
The Pretty Good Oscillator measures the distance of the current close from its N-day simple movingaverage, expressed in terms of an average true range over a similar period.
- RAVI (Range Action Verification Index)
RAVI indicator, developed by Tushar Chande, can be used to identify whether the market is trending. Itcalculates the percentage difference between current prices and older prices. Current prices arerepresented by a Short SMA, and the longer time frame by a Long SMA. Tushar Chande recommends the following information lines for the indicator: plus-minus 0.3% or 0.1% (depending on the market).
- Twiggs Money Flow
The main idea behind the TMF indicator is to evaluate volume (money flow) as bullish or as bearishbased on a close price location. Chaikin Money Flow uses CLV (Close Location Value) to do it. TwigsMoney Flow, on the other hand, uses TR (True Range). Another main difference is that CMF uses cumulative volume (sum of volumes over specified period) and the TMF applies Moving average to the volume.