The Wilson Relative Price Channel by Leon Wilson
ARTICLE SYNOPSIS ...Stocks & Commodities V. 24:7 (48-52): The Wilson Relative Price Channel by Leon Wilson
Several indicators quantify the relationship between price action and strength. Here's one adapted from the relative strength index.
For technical analysis to adapt and change, you as the trader must understand the environment in which you operate and be able to think about the strategies and tools to apply. Such analysis will allow your trading style to evolve and you will develop a deeper appreciation for market behavior.
In order to do so, however, you need to question the source of information and the...