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Detrended Price oscillator(DPO)

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Detrend price oscillator is a trading indicator that is used to remove the long term trends thus focusing on price movement by using a displaced simple moving average thus allowing an individual to know the overbought or oversold market condition. By using a displaced moving average, detrend price oscillator will be considered to be an oscillator with an oscillation at point 0.00. Detrend price oscillator is based on the centerline as well as divergence. Detrend price  oscillation is therefore calculated using the following formula; Detrend price oscillator= closing price -SMA of { (n/2)+1 } Since Detrend price oscillator is based on the centerline, it, therefore, follows that when the detrend price oscillator crosses above 0.00, that will be an indication of an upward market movement thus the trader should be trading upwards while when the detrend price oscillator crosses below 0.00, that will be an indication of a downward market movement thus the trader should be tra...
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Mass Index

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Mass index is a volume based volatility indicator. Being a volume based volatility indicator,Mass index indicator was created by Donald Dorsey with the main objective of helping traders to know whether the market is about to experience a trend reversal thus is being considered to follow the concept of divergence. Mass index also normally uses 25 period. According to Donald Dorsey, the values of Mass index indicator is therefore calculated using the following formula; Mass index= [ 25-period+ n-period EMA(high-low)/ { n-period EMA( n-period EMA(high-low) } ] Therefore,since mass index is based on divergence ,it therefore follows that when the mass index indicator is moving upwards while the market is moving downwards,the market will reverse and start moving in the same direction upwards as the mass index.On the other hand,when the mass index is moving downwards while the market is moving upwards,the market will reverse and start moving in the same direction downwards as the mas...
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Force Index

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Force index indicator was created by Alexander Elder. Force index indicator is an oscillator indicator that measures the power of bull whenever the market incline and the power of bear whenever the market decline. Force index indicator is based on three key components,that is; -Direction of price change -The extent of price change -And the trading volume Force index indicator is best approximated with the help of moving average Force index indicator is calculated using the following ; -By subtracting yesterday close by today's close and then multiplying the result by today's volume.This is as follows FORCE INDEX= V|*(CCURRENT-CPREVIOUS) where as; V is volume,C is closing price ,current is today's close and previous is yesterday's close. If closing price are higher today than yesterday then the force is positive while if closing price are lower today than yesterday then the force is negative. Force index indicator has an oscillator at point 0.0 in which w...
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