Pivot points are a system of support and resistance lines that can be calculated based on the previous day’s trading action. Pivot points are commonly used by day traders since they identify potential levels for long or short trades as well as limit and stop orders. Let’s take a closer look at what pivot points … Read more
ConnorsRSI is a technical analysis indicator developed by Connors Research that aims to quantify momentum in prices. Essentially, it improves upon the Relative Strength Index (RSI) originally developed by Welles Wilder by using a short-term reading of RSI, in combination with a trend quantification indicator. Calculation ConnorsRSI utilizes three components in it’s calculation. Those are: … Read more
The subject of much debate and discussion in the media and wider trading community, the VIX is a misunderstood index. Referred to as the “fear index” in financial media, the VIX is simply a formula that indicates the implied volatility of the S&P 500 over a 30 day period. This is achieved by measuring the … Read more
The advance/decline ratio is a popular and common metric that traders and financial managers alike use to gauge market sentiment. The ratio simply gives an indication of the number of stocks that gained in value relative to the number of stocks that lost value over a given time period. While the advance/decline ratio is rarely … Read more