Standard deviation bands go beyond the single-line limit, revealing how price returns distribute. Wider bands signal higher past volatility, while narrow bands suggest consolidation. By observing price action within the bands, you can identify potential breakouts or periods of tight trading, giving context to the current volatility level.
Moving Average Convergence/Divergence (MACD) Google Sheets Formula
The Moving Average Convergence Divergence (MACD) is a momentum indicator created by Gerald Appel in the late 1970s, comprising the MACD line, the signal line, and a histogram. It’s used by traders to spot buy/sell signals, trend direction, and momentum strength. The MACD chart aids in identifying market moves, while divergence, dramatic rises, and convergence provide additional market insights.
Exponential Moving Average (EMA) Google Sheets Custom Function
An Exponential Moving Average (EMA) is a moving average that places a greater weight and significance on more recent data points when compared to Simple Moving Averages (SMAs) which treat all data points equally.
Relative Strength Index (RSI) Google Sheets Formula
The Relative Strength Index (RSI) is a momentum oscillator introduced by J. Welles Wilder in 1978 to detect price extremes in markets. It measures asset strength on a 0-100 scale, highlighting potential reversals when above 70 (overbought) or below 30 (oversold).
Gravestone Doji Candle Google Sheets Formula
A Gravestone Doji is a candlestick pattern that often indicates a bearish reversal. This pattern is characterized by a long upper shadow and open, close, and low prices that are roughly at the same level, giving it the appearance of an inverted “T” or tombstone.
Dragonfly Doji Candle Google Sheets Formula
A Dragonfly Doji is a candlestick pattern that occurs when the open, close, and high are almost identical, with a long lower wick. The pattern is usually interpreted as a signal of a potential bullish reversal, particularly when it appears following a downtrend.
Doji Candle Google Sheets Formula
The Doji candlestick is a pattern where the opening and closing prices are very close or almost the same. This pattern is significant because it can indicate moments of indecision among traders, which often occur at critical points such as the top or bottom of a range, the end of a trend, or around key support and resistance levels.
Simple Moving Average Google Sheets Formula
The moving average is a powerful ally when it comes to gaining a holistic view of the market’s overall trend. In this blog post, we’ll take you through the complete calculation process and introduce you to a valuable tool for monitoring the broader market.
Market Snapshot Part 2: Current Price
Observing the current price of a stock within a broader context is crucial for effective trading. While the current price offers a snapshot of value, it alone is insufficient for informed decision-making. By examining additional factors like price change, volatility, and momentum, a more comprehensive understanding of the current price behavior can be obtained.
Market Snapshot Part 1: Scatterplot
Analyzing market data through scatterplots can provide a quick and comprehensive overview of the market. This method can help uncover patterns, correlations, and outliers that may have been overlooked when analyzing stocks.