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Trend Indicator calculation
Trend Indicator calculation - Trends
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Smalltalk, the first pure object-oriented programming language ever, lost its position in the TIOBE top 50 this month. The same happened to the other well-known pure object-oriented language Eiffel a couple of months ago. This is probably part of the trend that languages are becoming more and more multiparadigm: both object-oriented and procedural with a functional flavor. The TIOBE Programming Community index is an indicator of the popularity of programming languages. The index is updated once a month. The ratings are based on the number of skilled engineers world-wide, courses and third party vendors. The popular search ...
A Stochastic Indicator is a measure of price momentum. Otherwise known as Stochastic Oscillator, it was developed by George C Lane in the late 1950’s. Based upon a predetermined high and low range, it will indicate a closing price after a consistent level of either high or low closing prices measured over a set number of periods. A consistent high level near the top of the range creates an accumulation or momentum known as ‘buying pressure’ and a consistently low level near the bottom of the range creates a distribution or momentum known as ’selling pressure’ ... Read More
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