Absolute Price Oscillator – Based on the Absolute difference between two moving averages of different lengths: a “fast”‘ and “slow” moving average.
Absolute Values – The absolute value of a real number is that number’s numerical value without regard to it’s sign.
Acceleration – The acceleration (or momentum acceleration) study indicates the rate of change in momentum in a price series. While a rising momentum figure indicates rising prices, a rising acceleration figure indicates that prices are not only rising but are rising at an increasing rate.
Accumulation/Distribution Indicator – Cumulative indicator using volume and price to assess whether an instrument is being accumulated or distributed.
Accumulation Swing Index – The accumulation swing index provides a cumulative total of the swing index. The Limit Move parameter allows you to adjust limit move prices based on the positions of decimals in your data files.
ADX – The Average Directional Movement Index (ADX) provides, on a scale of 0 to 100, a moving average (smoothed version) of the DMI.
Arnaud Legoux Moving Average – A technical indicator used to smooth price movements and identify trends in the market.
Aroon Studies – The Indicator has 2 bands which attempt to determine where an instrument is trending and how strong the trend is. The Oscillator is a popular and widely used study that can signal trend changes and reversals.
ATR Bands – Like Bollinger Bands, this study creates a channel with upper and lower bands – but rather than using Standard Deviation, it adds/subtracts the Average True Range (ATR) to/from a Moving Average.
Automatic Trendline – This indicator automatically displays the slope over a specified number of candles as a trend line, either along the highs or lows depending on preference.
Average Momentum – The average momentum (or moving average momentum) study is a momentum calculation in which moving average values are used instead of prices. This yields a somewhat smoothed version of a momentum chart.
Average True Range – Average True Range (ATR) is a moving average of true range calculated over a number of days. The typical averaging interval is 14 days.
Balance of Power – Shows the direction and extent of price change during the trading period.
Baseline – Plot a line at a constant value (usually 0), to shade above or below.
Bollinger Bands – This study will display trading bands that are plotted two standard deviations above and below a simple moving average.
Bollinger Band %B – Indicator reflecting closing price as a percentage of the lower and upper Bollinger Band.
Bollinger Band Squeeze – Identifies periods of low volatility, which may signal a period of potential high volatility.
Calendar Average – The Calendar Average study will calculate the number of data points (close, high, low, open, volume, open interest) in the monthly or weekly chart and average the weekly or monthly data points.
Chaikin Money Flow – The Chaikin Money Flow (CMF) uses calculations to combine the price and volume to display how money flows in and out of security of a specific period of time – typically 20 or 21 periods. (The ProphetX system default is 20.)
Chande Momentum Oscillator – Captures the momentum of the instrument.
Change – The difference between the current and previous values.
Chicago Pivots – General used by short term day traders.
Close – This function will plot the element Close.
Close Location Value – Used to detect tendency of price move.
Commodity Channel Index – The Commodity Channel Index is an oscillator used in technical analysis to help determine when an investment vehicle has been overbought and oversold. The Commodity Channel Index, first developed by Donald Lambert, quantifies the relationship between the asset’s price, a moving average (MA) of the asset’s price, and normal deviations (D) from that average.
Contract Average – The Contract Average study is used specifically with a monthly continuous chart. It will average the prices from the previous contract’s expiration date to the current contract’s expiration date.
Correlation – Correlation measures the relationship between two items and shows how prices changes in one instrument affect the price of the other.
Cross – The Cross study creates a signal indication when one criteria cross the other.
Departure – A departure chart displays the difference between two moving averages, which is plotted as a value above or below zero. Positive values (above the zero line) indicate that the first moving average is higher. Negative values (below the zero line) indicate that the second moving average is higher. (These relationships can be seen by overlaying a departure study on the two moving averages on which it is based.)
Detrended Price Oscillator – Strips out price trends in an effort to estimate the length of price cycles from peak to peak or trough to trough.
Directional Indicator – Directional Indicators give buy and sell signals based on upward or downward movement.
Disparity Ratio – The disparity ratio is a measure of the divergence of a price from a moving average. If the 26-period disparity is +15%, for example, it means that the instrument price at that point is 15% above the 26-period moving average. If the disparity is -15%, the price is 15% below the moving average.
DMI – The Directional Movement Index (DMI) provides, on a scale of 0 to 100, an indication of how much movement is present in an instrument – that is, whether the instrument is trending or not.
Donchian Channels – Displays trading bands on highs and lows, over a given time period.
DSpread – This function will plot a bar chart of an expression for Weekly or Monthly data based on Daily Close data.
Ease of Movement – Volume based Oscillator quantifying the Price/Volume relationship.
Envelope – Envelopes create a percentage band above and below a moving average line. These bands create a trading range, or channel of price activity, above or below which the analyst may choose to implement a trading strategy.
Fisher Transform – Is used to identify “overbought” and “oversold” market conditions.
Force Index – This is the exponential Moving Average of Force.
Fractal Channels – A five-period study based around the middle point, which must have a highest high or lowest low of the surrounding =/- two points.
Golden Cross / Death Cross – A Golden Cross indicates a long-term bull market going forward. A Death Cross signals a long-termed bear market.
Guppy Multiple Moving Avg – Combines a group of short term and a group of long term moving averages.
High – This function will plot the element High.
High Low Range – The difference between the High and the Low price.
Highest – This will plot the highest value of the element High over the past time period specified.
Historical Implied Volatility – Three studies that help you know when a downward or upward trend in IV has been broken.
HLC3 – The HLC3 study will average the High, Low, and Close elements.
HLO3 – The HLO3 study will average the High, Low, and Open elements.
Ichimoku Kinko Hyo – A multi-faceted indicator designed to give support/resistance levels, trend direction, and entry/exit points of varying strengths.
Implied Volatility – The estimated volatility of a security’s price. Most commonly used with Options.
Internal Bar Strength – Measures the closing price relative to the High/Low range.
Keltner Channel – The Keltner Channel is a “channel” study, meaning that it has a high and a low curve.
Lag – This will plot the Close price, moving it to the left or to the right the number of periods specified.
Linear Regression Channels – In addition to identifying trends and trend direction, the use of standard deviation gives traders ideas as to when prices are becoming overbought or oversold relative to the long term trend.
Low – This will plot the element Low.
Lowest – This will plot the lowest value of the element Low over the past time period specified.
MACD – The moving average convergence/divergence study, or MACD, displays the difference between two exponentially smoothed moving averages. Two lines are displayed on this study. For each data point on the first line, the slow period average is subtracted from the fast period average. For the second line, the data represented by the solid line is further smoothed using the Smooth period selected.
Mid Bar – This will plot the average price of the High and Low elements.
Momentum – The momentum study shows the rate of change in a price series for a particular instrument. Taking the current price and subtracting the price a fixed number of intervals in the past calculate each entry.
Money Flow Index – Plots a measure of money flowing into and out of a symbol.
Moving Average Cross – The moving average crossover study has the capability to launch up to three different moving averages from the same dialog. The moving averages will exhibit the crossover trading system.
Moving Average Cross Double – Generally used by day traders because they respond quicker than a simple moving average. Similar to a Moving Average, but with only two lines which default to different periods.
Moving Average – A moving average is a simple average of data from a previous period. Its primary function is to identify changes in trends.
Moving Correlation – The Moving Correlation function calculates the statistical correlation between two arrays of data over a moving window defined by (Period) positions.
Moving Linear Regression – This study is calculated in the following way. If you have a 20 period moving linear regression, then for a given day take the price of the instrument on that day and the previous 19 positions as your data set of x,y pairs.
Multi Source Average – The Multi Source Average study is used with seasonal charts that use instruments with expiration dates. Typically, you would create a seasonal chart where the commodity is broken down and overlaid year over year. The Multi Source Average will average the prices on each day for each year in the chart.
Multi-Source Range – This study shades the area between the high and lows on seasonal charts that user futures contracts as the data source.
Net Change – The Net change calculates the mathematical difference between periods. Can be calculated by [{Close} – {Previous Close}] or [{Close} – {Open}], over a number of periods.
On Balance Volume – On Balance Volume is the sum of all trade volumes added in a special way. If a price is greater than the previous bar’s price then this is an up bar and its volume is added to the on balance volume.
Open – This will plot the Open Price element.
Open Interest – The Open Interest will chart the number of contracts that remain open.
Parabolic SAR – The Parabolic System also known as the Stop and Reverse (SAR) system. It is a trend following method-using time and price and is constantly in the market. As soon as the trade is initiated it allows time for the market to respond to the change in trend and then as the trend gets underway the stop evolves with the market, gradually and then expediting as the market trend does. Identically it happens in a downtrend, but in the opposite direction. The Parbolic Sar will show one period into the future.
Parkinson Volatility Estimator – Alternate volatility method using High and Low Values.
Percent Change – The percent change function returns the difference between the current price and the price a specified number of positions back divided by the current price multiplied by 100 percent.
Percent Price Oscillator – Shows the relationship between two moving averages in percentage terms. The moving averages are a 26-period and 12-period exponential moving average.
Percent R – Percent R measures the latest price of an instrument in relation to its price range over a given number of periods. The %R value is plotted on a scale from 0 to 100 and gives overbought and oversold indications opposite from the Relative Strength Index. Classically, %R values of less than 20 indicate overbought and greater than 80 indicate oversold.
Pivot Point – Pivot Points are used to project potential support and resistance levels on intraday charts.
Point Break – Colored square boxes are used to draw up and down columns. A new up column is added if the previous high price is exceeded by the current price. Nothing is drawn, if there is neither a new high or low. If a rally is strong enough to form three consecutive up columns, then the low of the last three up columns must be exceeded before a down column is drawn. If a sell-off is strong enough to form three consecutive down columns, then the high of the last three down columns must be exceeded before an up column is drawn. The columns represent support and resistance levels.
Psychological Line – A psychological line is based on the number of time intervals the market was up during the preceding period. This information is displayed as a percentage.
Quartile Lines – Quartiles in statistics are values that divide your data into quarters. However, quartiles aren’t shaped like pizza slice; instead they divide your data into four segments according to where numbers fall on the number line.
Rate of Change – Is a momentum based technical indicator that measures the percent change in price between the current price and the price a certain number of periods ago.
Relative Oscillator Movement – Plots a measure of the relative oscillation movement (ROM).
Relative Strength Index – The relative strength index (RSI) is a measure of the velocity of directional price movement. It uses averages of Up closes and Down closes over a given period to calculate an index or how much strength is left in a trend. The RSI is plotted on a scale of 0 to 100, with values above 70 indicating that the market is overbought and with values under 30 indicating that the market is oversold. Enter a value under Smoothing to create a moving average of the RSI.
Seasonal Average – The Seasonal Average can be added to a seasonal chart that uses any instrument that does not have an expiration date, such as a stock symbol, or cash price. Typically the chart would be created by overlaying prices year over year. The Seasonal Average study would average the prices for each day for the number of years on the chart .
Seasonal Range – This study displays the high and low range between the years requested in a single instrument seasonal chart.
Sinewave – Technical analysis tool that indicates if a market is trending or in a cycle mode.
Standard Deviation – The standard deviation study provides a statistical indicator of volatility.
Stochastic Oscillator – The Stochastic Oscillator is based on the expectation that closing prices tend to occur toward the upper end of the price range while prices are increasing and toward the lower end of the price range while prices are decreasing.
Swing Index – The swing index compares the relationship between current prices and prices of the previous period, seeking to isolate the “real” price of a security and indicating the strength and direction of the market. The Limit Move parameter allows you to adjust limit moves, based on the positions of decimals in your data files.
Total Open Interest (Study Only) – Total Open Interest applies only to Futures contracts. Total Open Interest is the sum of Open Interest from every trading contract for that future.
Total Volume (Study Only) – Total Volume applies only to Futures contracts. Total Volume is the sum of Volume from every trading contract for that future.
Triangle Moving Average – Is a simple moving average that has been averaged again (i.e., averaging the average). This creates an extra smooth moving average line.
Trix – Trix uses a one-day momentum of a triple exponential smoothed price series to produce an indicator which is cycle dependent. Changes in the Trix direction are less prone to whipsaws than standard cycle-momentum indicators. The period is chosen to filter out any insignificant cycles shorter than the period. Raising the number of days will remove more small cycles and smooth out the oscillator, but at the loss of sensitivity. The more smoothing that is applied to the data, the more of a lag in the oscillator, but not nearly the lag of a normal moving average.
True Strength Index (TSI) – A technical momentum indicator that helps identify short-term price swings while trading in the direction of the trend.
TTM Squeeze – The TTM Squeeze indicator measures the relationship between two studies: Bollinger Bands and Keltner’s Channels. When the volatility increase, so does the distance between the bands.
Volatility – A historical volatility chart displays the volatility of the market. The numbers are calculated on a percent-per-annum basis. Under Annual Days, enter the number of actual trading days in the year. There are approximately 250 actual trading days per year for an instrument traded five days a week.
Volume (Study Only) – Volume is the number of contracts, shares, or other units traded during a specific period. Volume data is used in conjunction with price patterns to confirm the prevailing trend or an indication of a reversal. Increasing volume while prices are increasing or decreasing indicates that the prevailing trend is strong and market direction remains with the trend. Decreasing volume with increasing or decreasing prices suggests a possible reversal is taking shape with volume predicting price trend. Volume is also an important confirming signal for breakouts from continuation patterns. Generally, the breakout point should be confirmed by heavy volume if the signal is real.
Volume Delta – Shows whether a trade happened towards a Bid (down) or Ask (up).
Volume Oscillator – Consists of two moving averages – one fast and one slow. The fast-moving average is subtracted from the slow-moving average. The result is displayed as a percentage.
VWAP (Volume Weighted Average Price) – VWAP (Volume Weighted Average Price) is the ratio of the total price of an instrument weighted by its traded volume divided by the total volume over a given period of time. ProphetX implements the time as the user supplied number of positions specified by the Period parameter.