Breaking Out Of Price Channels by Gerald Marisch
ARTICLE SYNOPSIS ...Breaking Out Of Price Channels by Gerald Marisch
Here's a technique based on Tushar Chande's variable-length moving average. The indicator is more responsive to market price movements than a conventional simple or exponential moving average and can be used for position trading. Take a look.
In areas of equity and commodity price analysis, it is accepted that prices can move in only three directions -- up, down or sideways. These directions are called trends. In the simplest of charting techniques, trends can be evaluated by the location of closing prices in relationship to a trend's moving a...