StochRSI is a portmanteau of two common oscillators: Stochastic and Relative Strength Index (RSI). It nests the RSI indicator within the Stochastic indicator. Sounds suspicious. Sounds like a fanciful indicator that obscures price action. Something to stay away from. But before you take to your heels (and miss a useful tool), let’s take a closer […]
Archives for July 2015
Finding Reversals with Consecutive WR7 Patterns
The range of a price bar (or candlestick) is useful but often overlooked. It shows the price range (high-low) within a specified period. Volatility bar patterns fill this area of neglect. Examples include NR7, NR4, Inside Bar, and WR7. A WR7 bar has the widest range among the last 7 bars. (It is the direct opposite of […]
John Hill’s Trend Line Theory – Using Trend Lines for Trading Pullbacks
Trend lines are amazing trading tools. Even traders who swear off indicators draw trend lines. Seasoned traders can see how price action interact with trend lines without drawing them. If you want to join their ranks, John Hill’s Trend Line Theory is an excellent place to start. John Hill is a co-author of Ultimate Trading […]
