volatility and Market indicators(nor market strength)- It is surprising that a majority of Technical analysis books ignore these two important indicators. Even in metastock manual, the market indicators(TRIN.Advance/decline,New High-Low) are missing. When exactly are they used? Isn't a simple analysis of nifty with the normal price and volume indicators a good market analysis of sorts.
Chakin's volatility seems simple enough. To draw a Moving Average of High-Low and then taking an ROC of that would be a good measure. Can somebody elaborate and also expain implied volatility? What is abnormal volatility?
Chakin's volatility seems simple enough. To draw a Moving Average of High-Low and then taking an ROC of that would be a good measure. Can somebody elaborate and also expain implied volatility? What is abnormal volatility?
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