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ALMA – Arnaud Legoux Moving Average

The Arnaud Legoux Moving Average (ALMA) is a variation of the traditional simple moving average. The calculation is based on a weighted sum over a specific time-period, the Gaussian filter offset and sharpened by standard deviation. A moving average is applied twice,...

When Support/Resistance Levels are Broken

Valid penetration is an optimal method in determining a support/resistance level as broken. When a support level is validly penetrated, it is expected traders will now treat that level as resistance. When a resistance level is validly penetrated it is expected that...

Opening Price – What You Need to Know

The opening price is the price a market begins the session at, the first transaction when the market opens. This one’s pretty straightforward. Assume the first transaction price for stock $XYZ is $100 – when the market opens at 9:30 am E.T. The opening...

Low Price of Session -Stocks, Crypto, etc.

The low of the day is the lowest price a market traded for the session. Let’s say stock XYZ opens at $100, increases to $105, decreases to $98, and closes higher than $98 at the end of the trading day. In this example, the low of the day is $98.  The chart...

Close Price – What You Need to Know

The close price is the price a market ended the session at, the last transaction before the market closes for the day. Let’s say stock XYZ opens at $100, increases to $105, decreases to $98, and closes at $103. If so, the closing price of the session is $103. The...