| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 3,894,941,914 visitors served. |
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
Elder-Ray Index |
0.01 sec. |
|
|
Elder-Ray Index In technical analysis, a measure of the upward or downward pressure on a security's price. The Elder-Ray index uses two indicators: a bull power, measured as the daily high minus the exponential moving average for a certain period of time, and a bear power, measured as the daily low minus that same exponential moving average. A buy signal occurs when the bear power is negative but moving upward and the bull power has recently increased. Likewise, a sell signal occurs when the bull power is positive but moving downward and the bear power has recently fallen. One may also plot the Elder-Ray index on a chart and measure the slope of the line to confirm trends. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
|
| Financial Dictionary |
| Free Tools: |
For surfers:
Free toolbar & extensions |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup |
|---|