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Correlation Analysis

Overview : Correlation analysis measures the relationship between two items, for example, a security's price and an indicator. The resulting value (called the "correlation coefficient") shows if changes in one item (e.g., an indicator)…
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Average Directional Index (ADX)

Average Directional Index (ADX) Welles Wilder Jr. developed the Average Directional Index (ADX) in order to evaluate the strength of the current trend, be it up or down. It's important to detemine whether the market is trending or trading…
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Aroon Indicator

Overview : The Aroon indicator was developed by Tushar Chande.  Aroon is Sanskrit word “dawn’s early light” or the change from night to day.  The Aroon indicator allows you to anticipate changes in security prices from trending to trading…
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Accumulation Swing Index

Overview : The Accumulation Swing Index is a cumulative total of the Swing Index. The Accumulation Swing Index was developed by Welles Wilder. Interpretation : Mr. Wilder said, "Somewhere amidst the maze of Open, High, Low and Close…
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