Author: Ndanileka

Data Pipes

Importing Index Constituents into Google Sheets

Building a robust watchlist is an important step for any trader. It allows for focused analysis and selection of potential trading opportunities. However, manually constructing and maintaining a watchlist can be a time-consuming task. Index constituents offer a valuable solution. These pre-defined lists of established companies from major stock indexes provide a solid foundation for your watchlist creation.

Analysis

How Standard Deviation Analysis Can Enhance Your Trading

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.

Momentum Trends

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.

Momentum

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).

Price Patterns

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.

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