The Relative Strength Matrix empowers traders by offering a clear and structured way to identify assets that outperform their peers; this leads to more informed trading decisions and the potential for improved returns, making it an indispensable tool in the world of technical analysis
The RS Rating assists investors in pinpointing top-performing stocks with the potential for significant price growth, while the RS Ratio facilitates comparative strength analysis, offering a clear assessment of a security’s performance relative to another and highlighting the stronger option
The Market Meanness Index is a tool used in technical analysis to pinpoint trending markets and sift through trend signals that have a poor chance of success
The Market Meanness Index (MMI) is a technical indicator created by Johann Christian Lotter, aka JCL, from the Financial Hacker website. This indicator relies on statistical calculations using the middle value of a price series. Its main job is to figure out if the market is trending or stuck in a range, moving back to its average. Traders find it useful for deciding whether to follow trends or to use it on its own as an indicator.
The Comparative Relative Strength Indicator involves comparing the performance of two sets of bars, such as a security against a market index, by calculating their ratio, providing insights into the relative strength and performance of different assets
The Comparative Relative Strength Index compares the performance of two sets of bars, typically a security against a market index, by calculating the rate of change of the Index over a specified period, aiding in trend identification and relative strength assessment
In technical analysis, the Comparative Performance Indicator assesses the relative strength of two sets of data by comparing the ratio of their prices (Symbol/BaseSymbol) to the initial ratio at the start of the period
The RS Line is a line chart illustrating a stock’s performance relative to a chosen market index, providing a visual representation of its trend in outperforming or underperforming the broader market over a specific time period; the RS Rating is a numerical score ranging from 1 to 99, with 99 indicating the strongest relative strength over the past 12 months, enabling investors to identify leading stocks with potential for continued outperformance in the market
This feature is expected in the upcoming version of ChartAlert in Dec-2023
The McGinley Indicator aids traders by providing adaptive smoothing of price data, reducing lag during trends, and minimizing false signals during sideways markets; it assists in confirming trends and identifying potential entry and exit points, thereby enhancing the accuracy of trading decisions
3 minutes
This post focuses on customizable McGinley Dynamic Indicator factory scans, which can be edited, modified, or rewritten and then scanned using ChartAlert’s native stock screener or technical analysis scanner, namely the Basic Scanner and Advanced Scanner.
The McGinley Indicator aids traders by providing adaptive smoothing of price data, reducing lag during trends, and minimizing false signals during sideways markets; it assists in confirming trends and identifying potential entry and exit points, thereby enhancing the accuracy of trading decisions
10 minutes
The McGinley Indicator, a creation of market technician and trader John R. McGinley, is a powerful tool in the arsenal of traders and investors for analyzing financial markets. Unlike traditional moving averages, this indicator offers a smoother and more adaptive moving average.
Continue reading “McGinley Dynamic Indicator”The Bullish Percent Index measures the percentage of stocks in an index that are on Point & Figure Buy Signals; it is a useful tool for gauging the overall strength and direction of the market, as well as identifying potential reversals and opportunities; this feature was introduced in October 2023
Bullish Percent Index can be based on P&F Charts or even a Line Chart