Technical Indicators

There are many Candlesticks patterns, but some are more important than others. We have tried categorization the same using the priority filter.

Various types of CandleSticks patterns can also be filtered out, for e.g. Bullish Reversal, Bearish Continuation etc.

ADX (Average Directional Index): Important technical indicator that shows the strength of a trend. It is on a scale of 0 to 100. Index values above 40 indicate that the particular trend is strong, while values less than 20 indicates that a trend is weak. Please Note: It only shows the strength of the trend, NOT the Direction of the trend (Up or Down).

The other two indicators, Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI), complement ADX by defining trend direction

RSI (Relative Strength Index):Important technical indicator which measures the magnitude of gains over a given time period against the magnitude of losses over that period. It is on a scale of 1 to 100. Some technical analysts believe that a value of 30 or below indicates an oversold condition and that a value of 70 or above indicates an overbought condition. It is NOT that relevant for trending stocks.

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In technical analysis of securities trading, the stochastics oscillator is a momentum indicator that uses support and resistance levels. The term stochastic refers to the location of a current price in relation to its price range over a period of time. This method attempts to predict price turning points by comparing the closing price of a security to its price range.
The relative rate at which the price of a security moves up and down. Volatility is found by calculating the annualized standard deviation of daily change in price. If the price of a stock moves up and down rapidly over short time periods, it has high volatility. If the price almost never changes, it has low volatility.
The Money Flow Index (MFI) is an oscillator that similar to the relative strength index (RSI). The fundamental difference is that the MFI also accounts for volume, whereas the RSI only accounts for price. MFI is positive when the price rises(buying pressure) and negative when the price declines(selling pressure). Money Flow Index moves between 0 and 100.
The Commodity Channel Index (CCI) is an oscillator that can be used to identify a new trend or warn of extreme conditions. CCI is high when prices are much above their average. CCI is relatively low when prices much far below their average. In this manner, CCI can be used to identify overbought and oversold levels.Today's traders often use the indicator to determine cyclical trends in not only commodities, but also equities and currencies.
Williams %R is a momentum indicator(Oscillator)that is the inverse of the Fast Stochastic Oscillator.It is used to determine market entry and exit points.