Technical Analysts

Ralph N. Elliott

Elliott Waves
Elliott Wave Theory

Ralph Elliott was a qualified accountant who discovered the underlying wave pattern, know today as the Elliott Wave Principle that belies the price movement in the stock markets, the commodities markets and the forex markets.

In Elliott Wave Theory, the market price traces a fairly rigid, cyclic pattern that is constituted by an impulse phase that consists of a five wave structure and a corrective phase that consists of a three wave structure. A five wave impulsive phase and a three wave corrective phase forms a complete cycle. The identification of the correct ...

J. Welles Wilder, Jr.

Wilder's RSI
Welles Wilder's RSI

J. Welles Wilder, Jr., developed a keen interest in the stock markets in the 1970. Approaching the stock market from an engineering perspective, Wilder set about trying to identify mathematical models that could be used profitably to trade what appeared to be random price movements.

Wilder's studies let him to discover a number of mathematical models on which much of modern day technical analysis is based. These mathematical models included technical indicators such as the RSI, Parabolic SAR, and DMI, which have become some of the most widely used ...