Tag Archive | "Index History"

Relative Strength Index

Friday, November 12, 2010

0 Comments

Relative Strength Index

Relative Strength Index History Relative Strength Index was developed by J.Welles Wilder Jr. and introduced in his book ‘New Concepts In Technical Trading Systems’. It is one of the most popular technical tools around. Relative strength Index (RSI) is measured on a scale from 0-100 with a reading above 70 being overbought and a reading [...]

Continue reading...

ADX (Average Directional Index)

Sunday, November 7, 2010

1 Comment

iStock_000008819338XSmall

History Average Directional Index (ADX) was developed by J. Welles Wilder Jr. and as its name implies attempts to measure the strength of the direction the security is moving in. ADX is measured in a scale from 0-100 with readings above 25 indicating that you are in a trend whilst readings below 25 indicate that [...]

Continue reading...