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V. 19:12 (96-97, 110-111): Threshold Trading Revisited by Rudy Teseo
V. 19:12 (96-97, 110-111): Threshold Trading Revisited by Rudy Teseo
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Threshold Trading Revisited by Rudy Teseo
An introduction for newcomers or a refresher for old-timers: Here are a couple of tools we sometimes forget to use.
In trading jargon, the threshold refers to the presignal area of overbought/oversold indicators the area above or below the limits set in threshold-crossing indicators. The relative strength index (RSI) and stochastics are probably the best known threshold-crossing indicators and are great for creating entry and exit trading signals. The presignal areas the thresholds are useful for knowing when to act, whether youre buying or selling.
THE TWO FRIENDS: RSI AND STOCHASTICS
The relative strength index (RSI), developed by J. Welles Wilder, is a single-component oscillator that ranges between zero and 100%. This oscillator actually measures the ratio of recent upward price changes to downward price changes within the same security over a specified period, which Wilder defined as 14. Since then other periods have been suggested mainly three, nine, and 25. When the up and down movements are equal, the RSI is at 50%. When U>D, the indicator will be somewhere between 50% and 100%. When U
An introduction for newcomers or a refresher for old-timers: Here are a couple of tools we sometimes forget to use.
In trading jargon, the threshold refers to the presignal area of overbought/oversold indicators the area above or below the limits set in threshold-crossing indicators. The relative strength index (RSI) and stochastics are probably the best known threshold-crossing indicators and are great for creating entry and exit trading signals. The presignal areas the thresholds are useful for knowing when to act, whether youre buying or selling.
THE TWO FRIENDS: RSI AND STOCHASTICS
The relative strength index (RSI), developed by J. Welles Wilder, is a single-component oscillator that ranges between zero and 100%. This oscillator actually measures the ratio of recent upward price changes to downward price changes within the same security over a specified period, which Wilder defined as 14. Since then other periods have been suggested mainly three, nine, and 25. When the up and down movements are equal, the RSI is at 50%. When U>D, the indicator will be somewhere between 50% and 100%. When U
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