5 Charting Indicators
I’m Meta Matt, Director of Education and welcome to PB University LITE! This is a 50 Class Trading 101 Series geared towards both new and veteran traders alike! We go over everything from Trading Psychology, Technical Analysis, and Options Trading to Commodity Trading, Forex, and more!! This 50 Class series is not designed be taken in order, it is instead designed for traders to browse and pick which classes interest them. I will include the list of classes at the bottom of this page.
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1. VWAP Bands: Let's start with the VWAP (Volume Weighted Average Price) Bands. These intraday indicators provide traders with a "Fair Value Benchmark" by calculating the average price of a stock weighted by volume. The VWAP Bands include two bands set at custom standard deviations away from the VWAP line. Traders can use these bands as support and resistance levels, with significant movements outside of the bands suggesting overbought or oversold conditions.
2. Vortex Indicator: Inspired by the work of Welles Wilder, the Vortex Indicator (VI) consists of two lines representing uptrends (+) and downtrends (-). Reversals occur when the + line crosses above the - line (bullish) or when the - line crosses above the + line (bearish). The Vortex Indicator can be used alongside other reversal indicators to confirm trends and reversals.
3. Money Flow Index (MFI): Similar to the RSI (Relative Strength Index), the MFI is an oscillator that measures both buying and selling pressure using price and volume data. An MFI above 80 indicates overbought conditions, while a reading below 20 suggests oversold conditions. Divergence between price and MFI can signal potential reversals.
4. Know Sure Thing (KST): The KST is a momentum oscillator that helps traders interpret rate of change readings more easily. When the KST line is above the KSTMA line, it indicates bullish momentum, while the opposite suggests bearish momentum. Traders look for crossovers and divergences to identify potential reversals and shifts in momentum.
5. Rate of Change (ROC): The ROC measures the percentage change from one period to the next, serving as a pure momentum oscillator. Rising ROC above the zero line confirms uptrends, while falling ROC below the zero line indicates downtrends. Traders look for past ROC levels where reversals occurred and pay attention to divergence between price and ROC.
Make Sure To Check Out The Class Video For Visual Examples!
These five indicators offer new perspectives and insights for traders looking to enhance their analysis. Whether you're exploring the VWAP Bands for intraday trading or using the Vortex Indicator to confirm trends, each indicator has its unique strengths and applications. Remember, learning is a journey, and there's always more to discover. Join us in our Free Trading Discord for in-depth charting classes and technical analysis resources. Until then, keep making that bread! See you in the next class!
PB University LITE Class List
1) Trading Terminology
2) Stock Market Indices
3) Common, Preferred, and Penny Stocks
4) Diversification of Assets
5) Fundamental Analysis Made Easy
6) Technical Analysis Made Easy
7) Risk Management In The Market
8) Portfolio Management
9) How To Follow Market News
10) Trading Psychology
11) Options Explained
12) The Greeks In Options Trading
13) How To Short Sell Options
14) Covered CALLS
15) Spread Trading
16) Online Brokers for Options Trading
17) Implied Volatility Calculators & Tools
18) Protective PUTS
19) Iron Condors
20) Straddles
21) Reading Level 2
22) Taxes
23) Trading Psychology Techniques
24) The Art Of Trading
25) Becoming A Jedi In The Stock Market
26) Futures Trading Explained
27) Commodity Trading 101
28) Regulatory Environments
29) How To Become A Millionaire
30) $100K In 100 Days
31) Wash Sale Rule
32) Behavioral Finance Part 1
33) Behavioral Finance Part 2
34) 5 Charting Indicators
35) Fair Value Gap
36) Insider Trading and Market Manipulation
37) Stock Chart Types
38) Moving Averages 101
39) Base vs Precious Metals
40) Electricity Trading 101
41) Trading Brokers 101
42) 5 Trading Strategies
43) 85% Trading Rule
44) Are Win Rates A Scam?
45) Futures Trading 101
46) ATR Indicator Strategy With The Greeks
47) MACD Indicator 101
48) Bollinger Bands Indicator 101
49) Wedges, Triangles, Flags and Pennants
50) RSI Divergence 101
