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Saved by uncleflo on January 16th, 2022.
Technical Analysis for Traders. The trader extension is a free open source stock library based on TA-Lib. It's dedicated to trading software developers requiring to perform technical analysis of financial market data. Alongside many indicators like ADX, MACD, RSI, Stochastic, TRIX the candlestick pattern recognition and several vector arithmetic and algebraic functions are present. Calculations can be done in two modes - TA-Lib and Metastock. Changing it using trader_set_compat() will affect the way some trader functions work. Some trader functions provide different results depending of the "starting point" of the data being involved. This is often referred as a function having memories. An example of such function is the Exponential Moving Average. It is possible to control the unstable period (the amount of data to strip off) using trader_set_unstable_period() function. Extended documentation about indicators, formulas and implementations in other programming languages can be found under » tadoc.org.
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Saved by uncleflo on May 15th, 2021.
In a previous piece, https://www.plindia.com/blog/stochastic-oscillators-defined/, we had talked about how the Stochastic Oscillator can be a simple to understand yet powerful tool to pick stocks – just like its other cousin Williams % R. One often uses this indicator with something like RSI to gauge momentum and can give powerful insights into emerging trends What if, therefore, there was a tool that captured it all in one single indicator! Introducing Stoch RSI! The Stochastic RSI indicator, developed by Tushard Chande and Stanley Kroll, is an oscillator that uses RSI values, instead of price values, as inputs in the Stochastic formula. The indicator measures where the RSI’s current value is relative to its high/low range for the specified period – thus becoming an indicator of indicators!
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