At MarketClub our mission is to help you become a better trader. Our passion is creating superior trading tools to help you achieve your goals -- no matter which way the markets move -- with objective and unbiased recommendations not available from brokers.
The Trader's Toolbox posts are just another free resource from MarketClub.
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"MarketClub is known for our “Trade Triangle” technology. However, if you have used other technical analysis indicators previously, you can use a combination of the studies and other techniques in conjunction with the “Trade Triangles” to further confirm trends.Developed by Welles Wilder, the Relative Strength Index (RSI) addresses the two major flaws of momentum – the need to have a constant band against which to compare price movement and the ability to smooth the ebb and flow of price movement.
Sharp up or down movement 10 days ago (in the case of a 10-day momentum line) can cause pronounced shifts in the momentum line even if the current prices are relatively stable, giving false signals. Also, different commodities may have different “overbought” and “oversold” levels. RSI corrects these concerns by smoothing the movement and by creating a constant range from 0 to 100...."
Revisit the Trader's Toolbox Post: "Relative Strength Index" here.
As a way of showing our thanks for your support in 2010, we are making available to you a compendium of trading terms that you will find useful in the New Year.
"I love the Alert service from the MarketClub. Since I don't have time to go through all the daily charts for forex, futures and stocks, I have set the Trade Triangle alerts for the monthly and weekly charts of all of the forex, futures and stocks that I follow. Amazingly, when the Trade Triangle signal triggers, I will automatically receive an e-mail to my iphone so that I can check the chart out for potential entry right away. This alert service really saves me a lot of time. Thanks Adam." ~ Sansom L., California
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