The Forex Index is a technical indicator that uses price and volume to measure the force, or the power, of bulls behind particular market rallies and of bears behind every decline. The indicator was developed by Alexander Elder, and was introduced in his classic book, Trading for a Living.
The Momentum Oscillator is a technical indicator that measures the change of price of a financial instrument over a given time span. In other words, it is a speed of movement indicator designed to identify the speed (or strength) of price movement. The momentum indicator compares the most recent closing price to a previous closing price (can be the closing price of any time frame).
Developed by Larry Williams, the William’s Percent Range (%R) is a technical analysis oscillator that shows the present closing level of a commodity or stock relative to the high-low range over a given number of days, very similar to the Stochastic Oscillator, determining whether the market is overbought or oversold. The Williams %R is normally used to establish entry and exit points in the market.
Introduced by Bill Williams in 1995, the Alligator is as much a metaphor as it is an indicator, helping the trader confirm the presence of a trend and its direction, and also designate impulse and corrective wave formations. The indicator consists of three lines that are overlaying on a pricing chart, and they represent the jaw, the teeth and the lips of the beast.
Bill Williams, a well-known technical analyst, developed 5 measurements for technical analysis, the third of which is used to determine accelerator or decelerator of the driving force. Awesome Oscillator enable traders to determine the momentum, but for interpreting its force more accurately, Accelerator Oscillator is required accordingly.