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Random article: Adaptive Stochastic Oscillator

The Adaptive Stochastic Oscillator (ASO) was first introduced in December 1992 in STOCKS & COMMODITIES magazine. The article was called "Stochastic RSI And Dynamic Momentum Index" by Tushar Chande. He was an author of the article and creator of the indicator. ASO represents an attempt of optimization of stochastic oscillator, as well as the method to calculate the last close price ratio to maximum/ minimum for a definite period of time. The main difference is that calculation of ASO accounts for present volatility. The faster price moves, the less oscillator window becomes and its sensibility grows. This way adaptive stochastic oscillator unites advantages of both quick and slow stochastic indicator.

Popular article: Andrew’s Pitchfork

Andrew’s Pitchfork is the indicator which is used in market technical analysis and was designed by Alan Andrews. It represents three lines, parallel to each other, upon that, median line is equidistant from upper and bottom lines of channel. This way trend channel is constituted, which is divided into two smaller channels (watch pic. 1). Each of the lines is the support or resistance line. In Alan Andrews' terms, maximum and minimum points serve as pivot points in which price changes its direction. Author used B and C lettes for designation. A letter marks the start of the median line – starting point of trend. For building the median line, it is required to find an average price between those two points which in its turn should be pivot as well and be the price of the previous maximum or minimum.(watch pic. 2).

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