Gopalakrishnan Range Index (GAPO) Trading Strategy

Gopalakrishnan Range Index or GAPO is developed by Jayanthi Gopalakrishnan in the January 2001 issue of the STOCKS & COMMODITIES magazine. It attempts to determine the variability of price data based on the log of the price range over a user-defined n-periods. Gopalakrishnan Range Index intended to measure volatility in a stock or commodity. It does … Continue reading “Gopalakrishnan Range Index (GAPO) Trading Strategy”

Elder Ray Index Indicator Strategy, Formula, Settings

Once again, the Elder-Ray Index is an indicator developed by Alexander Elder. It measures the amount of buying and selling pressure in the market. The components of the Elder Ray Index indicator are “bull power” or “bear power”. The main part of this indicator is an exponential moving average, which is a trend-following indicator essential to the calculation. … Continue reading “Elder Ray Index Indicator Strategy, Formula, Settings”

Elder Force Index Indicator (Usage, Examples) Formula

The Elder Force Index is an indicator that uses price and volume to assess the power of a move or vary in turning points. It is developed by Alexander Elder. It was introduced in Alexander Elder’s classic book, Trading for a Living: Psychology, Trading Tactics, Money Management (Wiley Finance). The Force Index has three essential elements … Continue reading “Elder Force Index Indicator (Usage, Examples) Formula”