Month: November 2005

Moving Average Weighted Indicator | Technical Indicators | BCI Futures

LENGTH 14 Number of bars used to calculate the weighted moving average Description: The weighted average is calculated by giving the current data more weight than the older data. This allows the average to be more reflective of the most…

Commodity Channel Index Indicator | Technical Indicators | BCI Futures

The Commodity Channel Index (CCI), which is best used with contracts that display cyclical or seasonal characteristics, is formulated to detect the beginning and ending of these cycles by incorporating a moving average together with a divisor which reflects both…

Moving Average 3 Lines Indicator | Technical Indicators | BCI Futures

The Moving Average indicator is a simple average of the prices of the selected range of days. It is probably the most well known, and widely used, technical indicator in existence. This indicator plots 3 moving averages for the prices…

Moving Average 2 Lines Indicator | Technical Indicators | BCI Futures

PRICE Close Price used to calculate average LENGTH1 4 Length of average # 1 LENGTH2 14 Length of average # 2 Plot1 = Average(PRICE, LENGTH1) Plot2 = Average(PRICE, LENGTH2) The Moving Average indicator is a simple average of the prices…

Moving Average 1 Line Indicator | Technical Indicators | BCI Futures

PRICE Close Price used to calculate average LENGTH 14 Length of average Plot1 = Average(PRICE, LENGTH) The Moving Average 1 Line Indicator is perhaps the most widely used technical indicator in existence. It is a simple moving average of prices…

Double Top and Bottom Formation | Technical Indicators | BCI Futures

The Double Top formation is a chart pattern found in a bull market. In the example shown in the figure below, the Double Top occurred after the market bottomed out at 40, increased in price, and bottomed out again. The…

Linear Regression Indicator | Technical Indicators | Trade Futures

Description: The Linear Regression indicator plots a line through the prices of a security in an attempt to minimize the distance between the line and each individual point. The method used to do this is called the “Least Squares” method….

Technical Indicators | Ease of Movement Indicator (Expert) | BCI Futures

Inputs: Name Default Description LENGTH 34 Time period of the ADX function Plots: Plot1 = EaseofMovement function Plot2 = 0 (zero) Description: This indicator gauges the magnitude of price and volume movement. The indicator returns both positive and negative values….

Rate of Change Indicator | Technical Indicators | BCI Futures

The Rate of Change indicator calculates the market’s change from price of current bar to price of x bars ago. The difference is returned as a percentage. When the Rate of Change indicator is above zero, it indicates that the…

Volatility Indicator | Technical Indicators | BCI Futures

LENGTH 10 Length of Average on TrueRange Plot1 = Volatility(LENGTH) function The Volatility indicator measures market volatility by plotting a smoothed average of true range. As the number increases, the market is more volatile. Conventional Analysis: The concept of Average…