Table of Contents:
What is a Real Time Stock Market Chart?
Three Indicators used in this Real Time Stock Market Chart
1. Awesome Oscillator (AO) Indicator
– Formula for Awesome Oscillator
2. ATR Indicator(Average True Range)
– Formula for Average True Range Indicator
-Man Behind ATR indicator creation
3. Ultimate Oscillator Indicator(UO)
– What is ULTIMATE OSCILLATOR Indicator(UO)?
– How Universal Oscillator indicator is Calculated
– Larry R. Williams
What is a Real Time Stock Market Quotes and Price Chart?
Did you know the real definition?
These are the charts which provides the traders and investors live and real-time trading prices and of the stocks of publicly traded companies. Prices shown in the chart completely depends upon the market traders and brokers, as it is completely depends upon the prices of the stocks sold and bought by the traders and investors. Through the indicators, the traders and investors will predict the prices whether it will go high or low. This chart has three indicators. Lets breakdown one by one.
Three Indicators used in this Real Time Stock Market Quotes Chart
- Awesome Oscillator (AO) Indicator
- ATR Indicator(Average True Range)
- Ultimate Oscillator Indicator(UO)
Awesome Oscillator (AO) Indicator on Stock market Chart
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What is an Awesome Oscillator indicators?
This is an Indicators used for measuring the market momentum using differences between the simple moving averages of 34periods and 5periods. Generally its is used to find out the trends.
Formula for finding the AO indicator:
AO = SMA(High+Low)/2, 5 Periods) – SMA(High+Low/2, 34 Periods)
Awesome Oscillator indicator was created by Bill Williams.
ATR Indicator(Average True Range) on Stock Market Quote Chart
Image source: Stockcharts.com
What is ATR – Average True Range Indicator?
It is an Indicator originally developed by J. Welles Wilder,Jr for Commodities trading. However, unlike other indicators, ATR won’t give you the price trend but it will provide you good information about Price volatility.
Formula for Average True Range Indicator:
This indicator is calculated simply by calculating the yesterday’s closing price if it was outside of today’s price range.
J. Welles Wilder Jr. is an American, whose name is well known for finding the indicators in technical analysis software. He also founded Relative Strength Index(RSI), Average Directional Index and Parabolic SAR.
3.Universal Oscillator Indicator on Stock market Quote Chart
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What is ULTIMATE OSCILLATOR Indicator(UO)?
An Indicators used for technical analysis in stock market charts which used the three different time periods to reduce the volatility and false average. Volatility is one of the disadvantages in Average True Range indicator.
How Universal Oscillator indicator is Calculated for stock trading?
This indicator(0-100) has two Conditions:
If the level is above 30 are considered to be OverSold.
If the level is above 70 are considered to be OverBought.
Once the divergence has been found, traders and investors has to wait to confirm the transaction using other technical analysis indicators.
Larry R. Williams The Brain who found out the Universal Oscillator
Larry R. WIlliams is an American Author and Commodity trader, and he won the 1987 World Cup Championship of Futures Trading from the Robbins Trading Company. In that Contest, he turned $10,000 to $1.1 Million american dollar which is 10,900%, the money conversion took only in just 12-months.
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