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What Is The Dow Jones?
The Dow Jones Industrial Average, Dow Jones, or simply the Dow, is a stock market index that measures the stock performance of 30 large companies listed on stock exchanges in the United State
The NASDAQ Composite is a stock market index of the common stocks and similar securities listed on the Nasdaq stock market. Along with the Dow Jones Industrial Average and S&P 500 it is one of the three most-followed indices in US stock markets
Some of the technical indicators I use and talked about in the video…
What Is The RSI?
The relative strength index is a technical indicator used in the analysis of financial markets. It is intended to chart the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period. The indicator should not be confused with relative strength.
What is the Stochastic RSI Oscillator?
The Stocahstic RSI indicator or Stoch RSI is an advanced version of the Stochastics oscillator. The primary difference being that the Stochastics RSI indicator is known as an indicator of an indicator. The Stoch RSI was developed by Tushar Chande and Stanley Kroll and the indicator was introduced in 1994 in a book called The New Technical Trader
The Stochastics RSI indicator provides a stochastic calculation of the RSI (Relative Strength Index) which is another momentum based indicator. The main difference here being that, the Stochastics RSI measures the RSI, relative to its RSI’s high and low range over the specified period of time.
You can see by now the following relationship.
RSI indicator is based on price
The Stochastic RSI is based on RSI
Thus, the Stochastic RSI is basically two steps away from price. As with all momentum indicators, the Stochastic RSI indicator oscillates between fixed values.
Moving average
In statistics, a moving average is a calculation to analyze data points by creating a series of averages of different subsets of the full data set. It is also called a moving mean or rolling mean and is a type of finite impulse response filter. Variations include: simple, and cumulative, or weighted forms.
An exponential moving average (EMA) is a type of moving average (MA) that places a greater weight and significance on the most recent data points. The exponential moving average is also referred to as the exponentially weighted moving average.
What Is a Bollinger Band?
A Bollinger Band is a technical analysis tool defined by a set of trendlines plotted two standard deviations (positively and negatively) away from a simple moving average (SMA) of a security’s price, but which can be adjusted to user preferences.
Bollinger Bands were developed and copyrighted by famous technical trader John Bollinger, designed to discover opportunities that give investors a higher probability of properly identifying when an asset is oversold or overbought.
DISCLAIMER: I’m NOT a financial advisor. This is NOT Financial Advice!!! The content on this channel is solely based on my opinion and is meant for educational and entertainment purposes only. The cryptocurrency market is an extremely volatile space. Please do your own due diligence before investing or trading cryptocurrencies.
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